Guess who is the first man for whom Donald Trump achieved a major tax break

If you still wonder how the hell the 'anti-establishment' Donald Trump actually hired Goldman Sachs to run the economy and why he is trying so hard to pass more tax-cuts in favor of the US plutocracy and at the expense of the poor working class, just look at his past.

The Donald took advantage of the rising neoliberalism and financial capitalism back in the 70s, to achieve a major tax break for ... himself!

As Adam Curtis describes in HyperNormalisation, in 1975, New York City was on the verge of collapse. For 30 years, the politicians who ran the city had borrowed more and more money from the banks to pay for its growing services and welfare. But in the early ’70s, the middle classes fled from the city and the taxes they paid disappeared with them. So, the banks lent the city even more. But then, they began to get worried about the size of the growing debt and whether the city would ever be able to pay it back. And then, one day in 1975, the banks just stopped. The city held its regular meeting to issue bonds in return for the loans overseen by the city’s financial controller.

What happened that day in New York marked a radical shift in power. The banks insisted that in order to protect their loans they should be allowed to take control of the city. The city appealed to the President, but he refused to help, so a new committee was set up to manage the city’s finances. Out of nine members, eight of them were bankers.

It was the start of an extraordinary experiment where the financial institutions took power away from the politicians and started to run society themselves. The city had no other option. The bankers enforced what was called “austerity” on the city, insisting that thousands of teachers, policemen and firemen were sacked. This was a new kind of politics. The old politicians believed that crises were solved through negotiation and deals. The bankers had a completely different view. They were just the representatives of something that couldn’t be negotiated with – the logic of the market.

One of the people who did understand how to use this new power was Donald Trump. Trump realized that there was now no future in building housing for ordinary people because all the government grants have gone. But he saw that there were other ways to get vast amounts of money out of the state.Trump started to buy up derelict buildings in New York and he announced that he was going to transform them into luxury hotels and apartments. But in return, he negotiated the biggest tax break in New York’s history, worth 160 million. The city had to agree because they were desperate, and the banks, seeing a new opportunity, also started to lend him money.

Donald Trump began to transform New York into a city for the rich, while he paid practically nothing.

The Donald comes back as US president to do the same for his billionaire buddies using his 'expertise'. Anger has increased in the American society for the growing inequality and immunity that the bankers enjoy. He played the 'anti-establishment' patriot to get elected and now he is doing everything to secure status quo in favor of his class.

It's now very clear that Donald Trump tricked the voters with his great theatrical performance. Donald was very good in playing the 'anti-establishment' candidate by staging shows with the media and the GOP, to appear as the 'annoying guy' who is a 'big headache' for the establishment. Well, guess what: plutocracy, media, GOP, corporate Dems, neocons and Trump, are all on the same side.

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Προβλέψεις ...

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