Stolen Prosperity:: How Tax Policy Robbed a Generation

Stolen Prosperity:: How Tax Policy Robbed a Generation

This book seeks to reclaim the Democratic Party’s historic role as a champion for all Americans—especially those struggling economically. Through a deep look at U.S. tax policy, it reveals how, for over four decades, both Republican and Democratic administrations have favored the wealthy. Beginning with the Reagan era, followed by the Clinton administration’s tax cuts for the rich, and later reinforced under President Obama, the Democratic Party has increasingly mirrored Republican financial policies—differing primarily on cultural, not economic, issues. Surprisingly, President Trump has offered more favorable tax positions for working-class Americans than recent Democratic leaders. The party, once rooted in labor and economic justice, now often represents the interests of the upper-middle class. While Trump has a keen sense for popular tax reforms, Democrats must make a renewed, bold commitment to genuinely support working people—starting with policies like eliminating federal income taxes for those earning under $30,000 a year (roughly $15/hour). This book is a call to action: to step away from the grip of oligarchic influence and return to the mission of economic fairness. It also raises the need for systemic reform, pointing to areas where money and power have distorted democracy. Though brief, this book delivers a powerful, unsettling history of how Democratic presidents have contributed to the widening gap between rich and poor. It challenges readers to confront uncomfortable truths—and to search for leaders who can guide the party and country toward a more just future.