Yonder peasant, who is he?
Paul Krugman last week on Republican contempt for people who work for a living:
As usual, Republicans seek to afflict the afflicted and comfort the comfortable, but they don’t treat all Americans with a given income the same. Instead, their bill — on which we don’t have full details, but whose shape is clear — hugely privileges owners, whether of businesses or of financial assets, over those who simply work for a living.
And this privileging of nonwage income isn’t an accident. Modern Republicans exalt “job creators,” that is, people who own businesses directly or indirectly via their stockholdings. Meanwhile, they show implicit contempt for mere employees.
Because mere employees are losers.
Cutting corporate taxes is hugely unpopular; even Republicans are almost as likely to say they should be raised as to say they should be lowered. The Bush tax cuts, at least initially, had wide (though unjustified) popular support; but the public overwhelmingly disapproves of the current Republican plan.
But Republicans don’t seem able to help themselves: Their disdain for ordinary working Americans as opposed to investors, heirs, and business owners runs so deep that they can’t contain it.
When I realized the extent to which G.O.P. tax plans were going to favor business owners over ordinary workers, I found myself remembering what happened in 2012, when Eric Cantor — then the House majority leader — tried to celebrate Labor Day. He put out a tweet for the occasion that somehow failed to mention workers at all, instead praising those who have “built a business and earned their own success.”
On Labor Day.
You couldn’t make it up.
And then the Moron In Chief tipped his hand https://www.washingtonpost.com/news/the-fix/wp/2017/12/20/trump-just-admitted-the-gops-tax-cuts-were-deceptively-sold/
I’ve heard several economists suggest that the term “rentier class” ought to be brought back from the mothballs, having been more or less forgotten by mainstream economics. It certainly fits here. The Republicans represent/belong to the rentier class so of course they’re going to do their best to benefit the rentiers.
“Rentier” is an excellent word. I too regret its desuetude.