What If Americans Got to Choose How to Spend $1.5T
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Let’s imagine that America had $1.5 trillion burning a hole in its pocket.
Let’s also imagine that we were able to spend it in only one of two places: either (1) to eliminate student loan debt or (2) to give a tax cut to corporations and the Top 1% wealthiest people in the population?
That was the choice that America essentially faced in late 2018.
We know the choice that ended up getting made — the $1.9 trillion 2017 Tax Cut primarily went to tax cuts for corporations and the Top 1%. (Spoiler alert: farther down the article, I’m going…