We've talked before about how the Big Beautiful Wealth Transfer to the Rich bill is great for the megawealthy and bad for ordinary Americans who have to worry about paying rent, putting food on the table, and whether they can afford to go to the doctor.
We already have a colossal gap between the very richest and an ever shrinking middle class and a struggling working class. The BBB is going to make the gap even wider.
A study released today from the National Bureau of Economic Research shows that the tax breaks extended by the BBB reduce what the wealthiest Americans pay in taxes. The effective tax rate for the billionaires on the Forbes 400 list is 23.8 percent. 
For the richest 100 it's 22 percent. The effective tax rate for Americans as a whole is 30 percent. What constitutes your "fair share" and what constitutes the "fair share" for billionaires is neither fair nor shared.
In 1982, those on the Forbes 400 list had wealth equal to 2 percent of America's gross domestic product. In 2025, the Forbes 400 folks have wealth equal to 20 percent of GDP.
Trickle down has been great for those who were supposed to do the trickling but seem to have experienced a financial prostate problem that's limited their downward monetary flow.
On a side note — Something ain't right with the world when 26 people have as much wealth as 3,800,000,000 (half the world's population) combined.
But back to America. Here's another example. Elon Musk's SpaceX is valued at $350 billion (Elon owns 44%), yet it doesn't appear that it's paid any federal income tax since its founding in 2002 and it says that it doesn't expect to pay any federal income tax for years to come.
SpaceX derives nearly 85 percent of its revenue from federal government contracts paid for by your tax dollars, so you paying taxes is good for Elon and his company not paying taxes is also good for Elon.
Some say I'm trying to start class warfare. No, the class war started 40+ years ago, I'm just choosing sides. And I'm not saying we need to rob from the rich to give to the poor; I'm saying we need to stop the rich stop stealing from the poor.
My views on taxes and spending are the same as they are on the conduct of party politics ... it's time to unstack the deck and make them fair.
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