America’s Oligarch Problem
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This is the New Yorker Radio Hour, a co-production of WNYC Studios and The New Yorker. This is the New Yorker Radio Hour. I'm David Remnick. In Donald Trump's big, beautiful bill, it's estimated that 57 million households could see their tax bills go up or remain flat, while the top 5% of earners will have their taxes cut by more than $1.5 trillion.
$1.5 trillion. It's been called the largest transfer of wealth from the poor and middle classes to the rich in a single law in U.S. history. The move here should hardly come as a shock. Trump's appeal
Heel, his style is populist somehow, but all along the reality of his policies have benefited the interests of the wealthy, the extremely wealthy, and billionaires have been granted unprecedented position of access and power in this administration. From his perch in Washington, staff writer Evan Osnos has been reporting on the politics and the culture of a new oligarchy. in America. And he's been asking this question. What do you get for spending nearly $300 million on an election?
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