History Listory

A chronological record of major political events in modern American history.

☰ Menu

Oligarchy

Is it an oligarchy?

https://www.oxfamamerica.org/explore/issues/economic-justice/is-the-us-witnessing-the-rise-of-oligarchy

https://www.theguardian.com/us-news/2025/jan/23/what-is-oligarchy

https://www.hks.harvard.edu/faculty-research/policycast/oligarchy-open-what-happens-now-us-forced-confront-its-plutocracy

https://www.youtube.com/watch?v=xOgBF3RIUv8&list=WL&index=4

https://www.bbc.com/news/blogs-echochambers-27074746

2017

2017-11-01 The Tax Cuts and Jobs Act of 2017 reduced corporate tax from 35% to 21%. As a result, the richest people took their own tax breaks while inflating their own wealth, it was the largest stock buyback in history, it caused a 120% billionaire boom, and it widened the deficit.

https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-a-comparison-for-businesses

https://taxpolicycenter.org/briefing-book/how-did-tax-cuts-and-jobs-act-change-personal-taxes

https://www.bloomberg.com/news/articles/2024-05-02/apple-s-110-billion-stock-buyback-plan-is-largest-in-us-history

https://www.wsj.com/articles/the-2017-tax-cuts-helped-companies-more-than-workers-11590778957

https://americansfortaxfairness.org/buyback-blowout-trump-gop-tax-law/

https://www.brookings.edu/articles/effects-of-the-tax-cuts-and-jobs-act-a-preliminary-analysis

https://trumpwhitehouse.archives.gov/briefings-statements/remarks-president-trump-signing-h-r-1-tax-cuts-jobs-bill-act-h-r-1370/

https://www.americanprogress.org/article/tcja-2-years-later-corporations-not-workers-big-winners/

https://www.cbpp.org/research/federal-tax/the-2017-trump-tax-law-was-skewed-to-the-rich-expensive-and-failed-to-deliver

https://americansfortaxfairness.org/billionaires-2-2-trillion-richer-since-2017-trump-gop-tax-law/

https://populardemocracyinaction.org/wp-content/uploads/2025/06/Trump-Corporate-Oligarchs.pdf

https://x.com/barronsonline/status/1877264406230310976

2025 January

2025-01-20 The Big Beautiful Bill expanded tax cuts that disproportionately benefit high-income earners, with the top 1% receiving over $1T in tax cuts over the next decade.

https://www.americanprogress.org/article/7-ways-the-big-beautiful-bill-cuts-taxes-for-the-rich/

https://inthesetimes.com/article/trump-tax-cuts-2024-election-rich-corporations

https://www.cbpp.org/research/federal-tax/by-the-numbers-harmful-republican-megabill-favors-the-wealthy-and-leaves

https://democrats-budget.house.gov/resources/fact-sheet/trumps-big-ugly-law-steals-poor-give-ultra-rich

https://www.cbpp.org/research/federal-tax/by-the-numbers-house-republican-tax-agenda-favors-the-wealthy-and-leaves

https://www.budget.senate.gov/chairman/newsroom/press/extending-trumps-tax-cuts-for-the-wealthy-will-shrink-the-economy-cbo-finds/