AUSTERITY & OPPRE...
Follow
Find
2.9K views | +1 today
 
Rescooped by Monica S Mcfeeters from The Middle Ground
onto AUSTERITY & OPPRESSION SUPPORTERS VS THE PROGRESSION Of The REST OF US
Scoop.it!

Fear, Uncertainty, and Doubt: Big Business's Tax Code Strategy

Fear, Uncertainty, and Doubt: Big Business's Tax Code Strategy | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it

Today's New York Times article titled "Major Companies Push the Limits of a Tax Break" strikes me as a microcosm of the challenges with the federal tax code.

It also reveals something else. It's a marketing strategy called FUD - Fear, Uncertainty, and Doubt - and it's being used by the rich and powerful to protect tax codes which benefit them by making the rest of us afraid to support efforts to change or eliminate those tax loopholes.

The article describes a 90-year old tax code modification supposedly meant to be helpful to farmers and small businesses. When discussing tax codes as "helpful" it's important to always remember that that help comes with a price tag. That "help" means that the government isn't taxing a transaction. That, of course, means less tax revenues into the federal treasury and, like it or not, we will not see our federal debt lowered and our federal budget come closer to balance unless both sides of the ledger - expenses AND revenues - are tackled.

Don't get me wrong. I don't oppose every tax code meant to help businesses, especially small businesses. What I vehemently oppose is what seems to have happened here. It appears from this article that this incentive originally intended to benefit farmers and small businesses was eventually expanded and perverted into something that the likes of JPMorgan, Wells Fargo, and GE may have abused.

How does that happen and why aren't we capable of doing something about it?

Perhaps this is one possible answer.

Whenever the topic turns to the economy, business, and taxation, we seem to allow the rich and powerful to control the discussion and to set the framework for what to do next. We allow the to do this by employing a strategy those of us in the sales and marketing profession know as FUD - Fear, Uncertainty, and Doubt. Here's how it works.

We allow them to manipulate and control us by controlling the discussion mostly through fear and with heavy doses of uncertainty and doubt. Too many of us are easily (and to some degree, justifiably) frightened by the threat of the loss of the most basic thing needed to survive in a modern society; namely and for starters, a job which pays enough (but not always enough) just for food and shelter.

The things that used to signal the arrival into the middle class - higher education, vacations, and even a little free time to pursue interests outside of two or three part-time jobs - are now available and affordable to fewer and fewer people. All this at a time when taxes are at historic lows, regulation on businesses of all types has been progressively shredded over the last 30 years, the wealth gap is wider than it's been since the Gilded Age, and the federal debt keeps ballooning.

When it comes to taxes, the rich and powerful use FUD to make the same argument they always make: the beneficial tax treatment of these "...asset exchanges spur investment and help create jobs." They frame the discussion about raising taxes and doing away with loopholes by saying that if they are taken away there will be less investment and fewer jobs. My response to that argument is pretty consistently this: if that's true then why is unemployment still just under 8% and why isn't the economy growing faster? You rich and powerful people are getting what you want and it's still not enough?

This is overly simplistic, I know, but I still believe it's a valid stance to take in this argument. It's still a legitimate way to tear down and take back the framing they want to use when it comes to the tax code. If tax breaks like this are so great, then why are we in the terrible state we're in and why aren't the rich and powerful investing more into a recovery? 

And when it comes to changing the tax code as a means for helping to reverse the federal government's mounting debt, the discussion must be first and foremost about the sort of code changes like this one that benefit GE and Wells Fargo long before even thinking about code changes such as eliminating mortgage interest deductions.

It's far past the time to end the corporate welfare system. That must begin with changes to the corporate tax codes. They must pay more, not less. Corporations have already proven they'll adapt and, besides, how much more is left for them to outsource overseas? They've refused to do anything except hold us all hostage through fear of job loss while they sit atop record-setting profits.

It's time to call their bluff.

One of the greatest challenges we face for reversing tax codes that benefit only the strong, the wealthy, and the powerful is our ability and willingness to call them out on their FUD strategy and to tell them that, "We're mad as hell and..."Well, you know the rest.

More than that, our elected officials need to know they can't use FUD on us either. If they have the courage to stand up to big money and the power elite, then they need to know that we will stand with them. We need more people like Bernie Sanders and Elizabeth Warren who seem to actually care about the middle class enough to stand up to Wall Street, big corporations, and the infinitesimally small number of wealthy people in America who already have rigged the system far too long and far too much to their advantage.

The wealthy aren't doing anything much to help the rest of us, so why should we keep kowtowing to them and their interests? Let's close tax loopholes that benefit large and wealthy corporations. It's a better place to start than with my home mortgage interest deduction.

Click here to find your Congressional Representative and tell him/her what you think. It's the only way they'll know.

Click here to learn more about and to get involved with Coffee Party USA and the work they're doing to restore our democracy.


Via John Cashon, Michael Charney
more...
No comment yet.
AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US
GOP News, Libertarian news, Democratic News, World News and Reflections of Trends & Events that impact Austerity, Oppression or Progression of Societies.
Your new post is loading...
Your new post is loading...
Scooped by Monica S Mcfeeters
Scoop.it!

Sam Brownback tried to create a conservative utopia—and put Kansas in play for the Democrats

Sam Brownback tried to create a conservative utopia—and put Kansas in play for the Democrats | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
How the Kansas governor's red-state experiment sparked a Republican rebellion.
more...
No comment yet.
Rescooped by Monica S Mcfeeters from Coffee Party News
Scoop.it!

Arkansas Supreme Court becomes latest to strike down voter ID law

Arkansas Supreme Court becomes latest to strike down voter ID law | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The seven-member court delivered an unusual decision Wednesday that was at once unanimous and split 4 to 3.

Via Coffee Party USA
more...
No comment yet.
Rescooped by Monica S Mcfeeters from Coffee Party News
Scoop.it!

The Secret Casualties of Iraq’s Abandoned Chemical Weapons

The Secret Casualties of Iraq’s Abandoned Chemical Weapons | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The Pentagon kept silent as munitions left over from Saddam Hussein’s war with Iran found new targets from 2004 to 2011: American and Iraqi troops.

Via Coffee Party USA
more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

Kobane: Turkey to allow some Kurds to help defend city against Islamic State

Kobane: Turkey to allow some Kurds to help defend city against Islamic State | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The battle for the ethnic-Kurdish city of Kobane on the Turkish-Syria border could see Iraqi Kurds join the fray in greater numbers after Turkey's decision, a reversal of its previous policy. 
more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

The NSA's Moonlighting Problem

The NSA's Moonlighting Problem | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
In Washington, the revolving door between government service and more lucrative ventures is common, if not expected.
more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

Families of British aid workers executed by ISIS promote 'acts of unity'

Families of British aid workers executed by ISIS promote 'acts of unity' | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The families of two British aid workers who were executed by ISIS militants are promoting “acts of unity” in memory of their slain loved ones.
Monica S Mcfeeters's insight:

How different it might be If only everyone could spread understanding and compassion instead of hate around the world.

more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

How the World's Top Health Body Allowed Ebola to Spiral Out of Control

How the World's Top Health Body Allowed Ebola to Spiral Out of Control | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Poor communication, a lack of leadership and underfunding plagued the World Health Organization’s initial response to the Ebola outbreak, allowing the disease to spiral out of control.
more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

Sensing subversion, China throws the book at kids' libraries

Sensing subversion, China throws the book at kids' libraries | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
President Xi Jinping's anti-corruption campaign is beginning to encompass all forms of thought and expression, even moderate ones, not approved by the ruling party. 
more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

Arizona, Alaska join 29 other states recognizing gay marriage

Arizona, Alaska join 29 other states recognizing gay marriage | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
A federal judge in Arizona has struck down that state’s gay marriage ban, and the US Supreme Court has turned away a request by Alaska officials seeking a stay of a federal court ruling striking down that state’s ban.
more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

The Peril of Being a Black Inventor in the Old South

The Peril of Being a Black Inventor in the Old South | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
In October 1914, the New Orleans Times-Picayune sent a reporter to a roadshow that included the National Safety Device Company's demonstration of its "safety hood." That demonstration involved setting a fire inside a tent, and having a man in that...
more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

De Blasio administration files lawsuit against apartments operating as hotels through Airbnb

De Blasio administration files lawsuit against apartments operating as hotels through Airbnb | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The de Blasio administration has filed its first lawsuit against apartments operating as illegal hotels, the Daily News has learned.
more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

Meet the millennials running for Congress

Meet the millennials running for Congress | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The average age of the House of Representatives, currently 57, is about to be lowered.
more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

For-profit colleges leave African-American and Latino students with poor educational outcomes, unmanageable debt

For-profit colleges leave African-American and Latino students with poor educational outcomes, unmanageable debt | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
For-profit college attendees are more likely to incur unmanageable student loan debt and be unable to graduate than their peers attending other schools, according to new research released today by the Center for Responsible Lending.
more...
No comment yet.
Rescooped by Monica S Mcfeeters from Coffee Party News
Scoop.it!

Where the Tea Party Rules

Where the Tea Party Rules | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Lima, Ohio, has been struggling for decades – and the GOP’s radical policies are making it even worse.

Via Marianne Castiglia
more...
No comment yet.
Rescooped by Monica S Mcfeeters from Coffee Party News
Scoop.it!

Ben Swann “Breaks the Set” Talking About the Suppression of Alternative Candidates

Ben Swann “Breaks the Set” Talking About the Suppression of Alternative Candidates | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Washington D.C.- Ben Swann was a guest on RT America’s Breaking the Set, Thursday to talk about the state of alternative candidates

Via Coffee Party USA
Monica S Mcfeeters's insight:

Thought this would be great to post as these days one would think the country only has two choices that are far too much alike more than they are different.

more...
No comment yet.
Rescooped by Monica S Mcfeeters from Coffee Party News
Scoop.it!

Dark Money Hits $100 Million With Help from Single-Candidate Groups — popularinitiative.org

Dark Money Hits $100 Million With Help from Single-Candidate Groups — popularinitiative.org | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Spending by groups that don’t disclose their donors in the 2014 midterm elections has crested $100 million

Via Marianne Castiglia
more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

U.S. airdrops weapons to fighters in Syria despite Turkish objections

U.S. airdrops weapons to fighters in Syria despite Turkish objections | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Time’s up for the Turks. Over their objections, the U.S.
more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

“More Money Than I Could Count”: Mitch McConnell’s Very Special Relationship With Lobbyists

“More Money Than I Could Count”: Mitch McConnell’s Very Special Relationship With Lobbyists | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
This post first appeared at Mother Jones.
more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

PHOTOS: Palestinians watch harvest season disappear before their eyes | +972 Magazine

PHOTOS: Palestinians watch harvest season disappear before their eyes | +972 Magazine | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
In the village of Salem, as elsewhere in the West Bank, Palestinians are forced to harvest their olives according to the whims and restrictions of Israeli authorities. Photos and text by: Ahmad Al-Bazz/Activestills.org As every…
more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

The impact of student loans on Japan's economy, why Australia shouldn't ban burqas, the commercialization of motherhood in India, internet harassment in England, and why Canada must stand against I...

The impact of student loans on Japan's economy, why Australia shouldn't ban burqas, the commercialization of motherhood in India, internet harassment in England, and why Canada must stand against I... | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
This week's round-up of commentaries covers the impact of student loans on Japan's economy, why Australians should stand against a ban on wearing burqas, the problems of being a surrogate mother in India, why Britain must stand against Internet...
Monica S Mcfeeters's insight:

Here is a bucket full of occurrences around the globe all in link..

more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

Michael Dunn gets life in prison for killing teenager over loud music

Michael Dunn gets life in prison for killing teenager over loud music | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Michael Dunn, who was convicted of first-degree murder for fatally shooting a teenager in an argument over loud music outside a Florida convenience store, was sentenced Friday to life in prison without parole.
Monica S Mcfeeters's insight:

The stand your on ground law didn't work in this case.

more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

Nigeria Says Boko Haram Will Release Kidnapped Girls

Nigeria Says Boko Haram Will Release Kidnapped Girls | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Nigerian officials claim that the terrorist group Boko Haram has come to an agreement to release of over 200 kidnapped school girls.
more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

Why People Love Costco-Sized Portions

Why People Love Costco-Sized Portions | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
How and when people are presented with a decision can matter just as much as the options they're choosing between.
more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

A Century Later, Relics Emerge From a War Frozen in Time

A Century Later, Relics Emerge From a War Frozen in Time | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
A century after World War I began, a forgotten theater in the Alps known as the White War is being revealed thanks to retreating glaciers.
more...
No comment yet.
Scooped by Monica S Mcfeeters
Scoop.it!

What happens in tech policy if Republicans take the Senate? - Washington Post (blog)

What happens in tech policy if Republicans take the Senate? - Washington Post (blog) | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Patent reform, net neutrality, copyright, immigration, surveillance -- here's what those who work on the issues say they think will happen if the GOP controls both houses of Congress.
more...
No comment yet.