No day goes by without damage caused by Donald Trump to America and the world.
Trump’s presidency severely devalued otherwise-valuable concept – democracy.
A basic principle of democracy is majority rule and the protection of individual and minority rights, which, although seemingly contradictory, are the very foundation of democratic government.
In addition to other events that took place so far due to his presidency, Rober Mueller investigation poses the serious question – is the United States of America democratic?
In terms of international affairs, Trump’s latest damage is the announcement to recognize Jerusalem as the capital city of Israel. It could have an explosive worldwide impact.
Socially, Donald Trump has enabled the rise of racism and attempts to present a lack of morals as something normal.
Legislative area stood no chance to avoid Trump’s “touch”. The latest experts opinion on the Senate tax bill, besides other points, suggests that it could hit affordable rental housing.
The tax bill lowers the corporate tax rate to 20% and, by doing so, the price corporations are willing to pay for tax credits, including the low-income housing tax credits.
Experts have estimated a loss of 15% in the price corporations will pay for the credit, stretching even further otherwise-limited affordable housing resources.
This loss of public-private partnership investment dollars is not necessarily a credit event for issuers but would limit their ability to finance as much affordable rental housing as they have to date.
We all know that nothing destructive could produce anything constructive.
Logic suggests that unless this destructive process is stopped and reversed, the collapse of the country is just a matter of time.
Considering that events keep on unfolding with accelerated speed, there is no much time left.