The Big Beautiful Heist: How Trump’s New Bill Accelerates America’s Wealth Transfer
The Gilded Age of the 21st Century
On July 3, 2025, the U.S. House passed Donald Trump’s so-called “One Big Beautiful Bill”, a sweeping $3.4 trillion package disguised as populist reform. The optics—like headlines screaming “no taxes on tips”—are misleading. This legislation smuggles massive giveaways for the ultra-rich, slashes the social safety net, and supercharges wealth inequality.
A Tax Windfall for the Top 1%
Corporate tax rates drastically drop, and capital gains rates are slashed, disproportionately benefiting top investors and shareholders.
According to the IRS, 75.7% of capital gains go to the top 10%, and 45.3% to the top 1%, with effective rates near just 5%.
The top 1% now hold about 30.8% of U.S. wealth, up from 22.8% in 1989.
Top 1% Wealth Share (1989–2024):
Visualizing this trend adds visual weight—e.g., from Visual Capitalist or FRED, showing a climb to ~31%.
Unequal Tax Cuts: Middle-Class vs. Mega Rich
Middle-income earners (around $50k–$90k) may see a tax cut of approximately $815, but those in the top 1% get $44,190 on average, and the top 0.1% may receive over $390,000 .
This is reverse Robin Hood economics: taking from those who need help and giving to those who don’t.
Safety Net Slashed
Medicaid funding is cut by about $1 trillion, and SNAP assistance by $185 billion, jeopardizing healthcare and nutrition for millions.
The Congressional Budget Office (CBO) projects nearly 17 million people losing coverage.
If executed, rural hospitals could collapse and economic distress in vulnerable communities will spike.
A Growing National Debt
The CBO estimates the bill adds $2.4–$3.3 trillion to deficits over a decade, even after expected economic growth.
It also accelerates the insolvency of Social Security and Medicare by at least one year.
The Great Wealth Funnel-Up
This is a textbook example of regressive policy:
Tax expenditures and loopholes: the top 20% receive roughly 50% of the benefit; within that, the top 1% capture a disproportionate share.
Historical parallels: Kansas’s 2010s tax experiment showed that tax cuts for the wealthy don’t sustainably boost growth.
There’s nothing remotely beautiful about this bill. Stripping vulnerable people of their Medicaid coverage isn’t beautiful. Locking immigrants in cages like animals isn’t beautiful. And there’s absolutely nothing beautiful about the GOP, MAGA, or anything branded as “conservative.” At its core, this bill is cruel, vile, and deeply inhumane. As with everything tied to Trump and MAGA, the cruelty isn’t a byproduct — it’s the whole point.