Great Depression Era Historian Releases Terrifying Message About Trump’s Tax Bill

0
469

The new Republican tax plan has been hotly debated and highly criticized. Support for the controversial bill is essentially split across party lines, as the Republicans are the primary demographic pushing for the bill to pass. The tax plan calls for a reduction of the corporate and income tax rates, as well as massive income tax reductions for the wealthy.

US Senate Majority Leader Mitch McConnell, Republican of Kentucky, speaks about tax reform on Capitol Hill in Washington, DC, November 30, 2017. / AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)

For these reasons, the tax plan has become highly scrutinized. The tax plan takes advantage of the middle class, in order to provide extreme benefits for the rich. Once again, Republicans claim that decreases tax rates for the wealthiest Americans will benefit the middle and lower classes by through a phenomenon known as the “trickle down effect.” This phenomenon has proven time and time again that it is unsuccessful in jump starting the economy or benefiting lower and middle income Americans.

NEW YORK, NY – NOVEMBER 21: New York Mayor Bill de Blasio’s podium stands in front of Trump Tower as the mayor joins other Democratic officials, labor members and activists to protest against the proposed Republican tax overhauls on November 21, 2017 in New York City. De Blasio stated that the controversial tax plan in Congress would hit New York City seniors the poor and the middle class the hardest. (Photo by Spencer Platt/Getty Images)

It is believed that the tax plan will cause significantly more harm than good. Robert S. McElvain believes the Republican tax reform bill may be disastrous for the United States economy. McElvain has the knowledge and experience to make such claims: He’s a historian from the Great Depression era, and he claims that the new tax bill is eerily similar to the one passed immediately before the Depression began.

Migrant agricultural worker’s family. Seven hungry children. Mother aged thirty-two. Father is native Californian. Nipomo, California by Dorothea Lange 1895-1965, dated 1936 . Photo shows Florence Thompson with several of her children in a tent shelter as part of the ‘Migrant Mother’ series 1936. (Photo by: Photo12/UIG via Getty Images)

The Great Depression of the 1930s devastated countless American families, and can rightfully be referred to as the most disastrous economic event in US history. It’s commonly acknowledged that history repeats itself, and it’s frightening to think that the new tax bill may cause an economic event as devastating as the Great Depression.

The Civil Conservation Corps (CCC) at work
Part of President F. D. Roosevelt’s New Deal legislation from 1933 to give young unemployed men a new job by training them. (Photo by: Photo12/UIG via Getty Images)

In regards to the GOP’s unflinching desire to continuously pursue the ineffective trickle down effect, McElvain said the following:

In 1932, in the depths of the Great Depression, Franklin D. Roosevelt called for “bold, persistent experimentation” and said: “It is common sense to take a method and try it; if it fails, admit it frankly and try another. But above all, try something.” The contrasting position of Republicans then and now is: Take the method and try it. If it fails, deny its failure and try it again. And again. And again.’

Unfortunately, the Republican’s stubbornness may prove to be disastrous for the U.S. economy.

Featured image via Getty Images