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THREAD—"Conservative billionaires are making an implicit deal with Trump: 'We’ll take the crazy for the tax cuts.' That’s incredibly shortsighted." — @econjared. washingtonpost.com/outlook/2019/0…
@econjared "You don’t get just tax cuts with Trump. You get the most divisive racist remarks of a president since Reconstruction, exacerbation of inequalities that are already threatening social cohesion, alienation from our allies...
"... and a doubling down on toxic polarization, all of which are terrible for democracy as well as business."
"Even if Democrats managed to raise the effective tax rate on the top 0.1 percent by 3 percentage points — a heavy lift given the politics likely to prevail — their average after-tax income would fall from $8 million to $7.8 million.
"Moreover, the wealthy must consider the economic upsides to them if Trump was to lose. This crowd strongly supports more welcoming immigration, in part to increase labor supply and let off some of the pressure in the labor market.
"Given their deep financial market holdings and connections to multinational firms, they abhor the trade war, the tariffs and the chaos and volatility Trump continues to deliver." forbes.com/sites/pedrodac… 
