It’s time to end “wealthfare”
In 1996, making good on a shrewd political promise, President Clinton ended “welfare as we know it”. In 2017, battered by election losses, the Democratic Party should double down on a far bigger reform: ending “wealthfare” as we know it.
The mission couldn’t begin at a worse time, or a better time. The triumphant GOP, trifecta in hand, is off in its usual direction. The party is giddy at the prospect of handing another huge tax cut to the rich, including the elimination of an estate tax that affects less than one-third of one percent of all Americans.