Since January, there have been frightening signs that America is becoming an oligarchy overseen by a dictator. From the first, Donald Trump has followed an authoritarian playbook, beginning with his rejection of objective reality. Forced early on to defend the assertion that the crowd at Trump’s inauguration was the biggest ever witnessed, presidential spokesperson Kellyanne Conway explained that the administration used “alternative facts”. Since then, the president has repeatedly attacked fact-based media as “fake news”. Indeed, with his insistence on an alternative reality, Trump sometimes seems like an elderly Fox News-addled neighbour suddenly given power to make his bizarrely warped view of America real.
But now, it feels all too real, with Trump delivering on the economic core of his vision. He has slashed regulations that protect workers, walked away from the Trans-Pacific Partnership, attacked the Affordable Care Act (“Obamacare”) and gutted the government. Finally, in a dramatic “win” for his administration, the Republicans last week passed a major tax overhaul that slashes taxes primarily for the wealthy and is projected to create an almost $1.5tn dollar deficit. Republicans have already said that the only way to address that shortfall will be with cuts to Medicare and social security.
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