The word “entitlement” means different things to different people. For the working people it means “earned benefits;” however for the rich, the concept is “increase entitlements.”
The sense of entitlements among the rich helps them justify the massive accumulation of wealth that has occurred over the last 30 years. They are convinced that they did it on their own, and believe they’re entitled to it all.
Corporations feel entitled to lower taxes, along with wealthy individuals, and their tax rate has been cut in half just in the last 10 years.
America has gained $16 trillion in the past five years, with 80 to 90 percent of that gain going to the richest 10 percent of the country. The entitlements to the rich, mean cuts in programs for the working class, the elderly and the poor. They reduce money for education, repair and job creation.
For more than 30 years, conservative politicians have sold Americans on the idea that giving tax cuts to the wealthy will spur economic growth and job creation. Their marketing this “trickle down economics” has been rather successful and many Americans accept that lower taxes will lead to job growth. However, investment growth, economic growth, and the national fiscal health have become weaker and declined under these policies. It has also led to an unprecedented level in income inequality in the United States.
The Republicans are very compassionate toward the wealthy and corporations while demanding cuts in aid to the working poor. They want cuts in taxes for the wealthy while demanding cuts in food stamps, health care, and other people programs. Cutting taxes for the wealthy is one reason for the excessive national debt. While hiding income in overseas accounts adds to the problem.