AUSTERITY & OPPRESSION SUPPORTERS VS THE PROGRESSION Of The REST OF US
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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.


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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.
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George Clooney slams President Trump, Steve Bannon

George Clooney slams President Trump, Steve Bannon | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The actor also praised Meryl Streep’s speech during the Golden Globes.
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Montenegro: Russia involved in attempted coup

Montenegro: Russia involved in attempted coup | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Montenegro's chief special prosecutor has told a local TV station authorities believe Russian security services were behind a plot to kill the country's then-prime minister and overthrow the government last October.
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Rare view of tunnels under border wall - CNN Video

Rare view of tunnels under border wall - CNN Video | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
CNN's Ed Lavandera gets a rare look at tunnels underneath the wall along the US-Mexico border.
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White House confirms adviser reassigned after disagreeing with Trump

White House confirms adviser reassigned after disagreeing with Trump | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
A senior National Security Council adviser was reassigned to his old job at the National Defense University, a White House spokeswoman confirmed Sunday, after he criticized the Trump administration's Latin American policies.
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Ernst runs into the anti-Trump resistance in rural Iowa

Ernst runs into the anti-Trump resistance in rural Iowa | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
A rising star in the Senate Republican ranks ran into a mess in her home state Tuesday.
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National Security Council spokesman quits CIA, writes scathing editorial in Washington Post

National Security Council spokesman quits CIA, writes scathing editorial in Washington Post | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Edward Price worked loyally for Bush and Obama, but Trump has been too troubling
Monica S Mcfeeters's insight:
This could not be said any better!!!
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National Security Council spokesman quits CIA, writes scathing editorial in Washington Post

National Security Council spokesman quits CIA, writes scathing editorial in Washington Post | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Edward Price worked loyally for Bush and Obama, but Trump has been too troubling
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Trump's trade policies wouldn't recognize today's 'American worker'

Trump's trade policies wouldn't recognize today's 'American worker' | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
OPINION | Protectionist policies help some, but hurt so many more.
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Swedes wonder what Trump 'has been smoking' after cryptic #SwedenIncident comment

Swedes wonder what Trump 'has been smoking' after cryptic #SwedenIncident comment | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The president appeared to reference a non-existent security incident in Sweden during his Saturday rally in Florida.
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Bernie Sanders coming to Miss. for march against Nissan

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John McCain: Attacking The Free Press Is 'How Dictators Get Started'

John McCain: Attacking The Free Press Is 'How Dictators Get Started' | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
"We need to learn the lessons of history.”
Monica S Mcfeeters's insight:
Most Americans only study history when forced too... that leaves us both stupid and vulnerable for manipulation and falling down the same dangerous holes because not enough people know where others have fallen down before. Sadly most Americans don't even keep up with our own current events in detail much less the international issues that affect us all as well or how our choices (informed or not) affect the international community. Join Freepress.org to stand with others to hold the power of the press for the people and hold it accountable to the people not the whims of any leader or just for profits.
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Analysis: Trump is a master of language

Analysis: Trump is a master of language | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
What's in a label? Everything. "Fake news" is the new "Crooked Hillary."
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13 Metro Phoenix Creatives React to Trump's Plans to Eliminate Arts Funding

13 Metro Phoenix Creatives React to Trump's Plans to Eliminate Arts Funding | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Phoenix artists including Alberto Rios, Douglas Miles, and Rachel Bowditch react to Donald Trump's proposed defunding of the National Endowment fo
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The Movement Resisting Donald Trump Has A Name: The (Local) Democratic Party

The Movement Resisting Donald Trump Has A Name: The (Local) Democratic Party | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
While outside groups are getting the attention, local Democratic parties nationwide are seeing a surge of interest.
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CNN - Breaking News, U.S., World, Weather, Entertainment & Video News

CNN - Breaking News, U.S., World, Weather, Entertainment & Video News | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
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Texas blocked from defunding Planned Parenthood

Texas blocked from defunding Planned Parenthood | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Texas authorities who accused Planned Parenthood of selling fetal body parts cannot withhold Medicaid money from the medical provider, a federal judge ruled Tuesday.
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National Security Council spokesman quits CIA, writes scathing editorial in Washington Post

National Security Council spokesman quits CIA, writes scathing editorial in Washington Post | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Edward Price worked loyally for Bush and Obama, but Trump has been too troubling
Monica S Mcfeeters's insight:
This could not be said any better!!!
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National Security Council spokesman quits CIA, writes scathing editorial in Washington Post

National Security Council spokesman quits CIA, writes scathing editorial in Washington Post | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Edward Price worked loyally for Bush and Obama, but Trump has been too troubling
Monica S Mcfeeters's insight:
This could not be said any better!!!
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A connected heart just helped convict a man of arson

A connected heart just helped convict a man of arson | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
div.generic {width:85%;background:#ECECEC;border:1px solid #f55b42;padding:15px;} WHY THIS MATTERS IN BRIEF Connecting devices to each other and to the internet can make them much smarter, and much…
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After The Gold Rush

After The Gold Rush | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Marie Brenner reports how, despite the split and the crumbling of Donald's empire, the reign of New York's self-created imperial couple isn’t over.
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Secret Tape Reveals Trump Hyping Presidency To Club Members

Secret Tape Reveals Trump Hyping Presidency To Club Members | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The recording from a Trump golf club has more showbiz than substance.
Monica S Mcfeeters's insight:
This surely isn't real.
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Trump returns to campaign mode, rallying supporters, attacking foes, promising a greater America

Trump returns to campaign mode, rallying supporters, attacking foes, promising a greater America | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
President Trump returned Saturday to campaign mode -- holding a rally in a Florida airport hangar in which he again railed against the “dishonest media” and repeated his promises to build a “beautiful” border wall, replace “disastrous” ObamaCare and other familiar lines that rallied him to an unexpected White House win.
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Memos signed by DHS secretary describe sweeping new guidelines for deporting illegal immigrants

Memos signed by DHS secretary describe sweeping new guidelines for deporting illegal immigrants | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The documents detail plans to hire thousands of additional enforcement agents and expand the pool of immigrants prioritized for removal.
Monica S Mcfeeters's insight:
Here is a list of what to do to increase your police state with new jobs for the new American SS model for ICE employees: 1 Recruit for your enemies and criminal elements by treating more people horribly. 2 Fill your private prisons and maybe even bail bond company owners pockets to keep them highly motivated and tied to the economics of prisons to survive. , 3. Create the need for more prison and prison workers.... thus the need for people to fill the walls and keep those jobs, 4 Don't forget to do all you can to turn your neighbor closest to you into a failed state and that will likely increase the need for all the above plus maybe even get the military a active on our own soil. 5. Turn all the good hard working people that were coming here because they thought it would be a great place and they had sentence them to absolutely nothing forever and the strongest of those will come out rightfully fighting for their life. Are we going to tell gun companies they can't to business with the all the countries in Central and South America ? I think this plan may keep the hard working honest poor and asylum seekers out and will leave them to choose being dead victims or hard working recruits for survival ... they may not even need to be motivated by drug money to fight people that turned their back when they tried to flee. We already know they will take risk for a better life.
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Trump son-in-law tells Time Warner of CNN concerns

Trump son-in-law tells Time Warner of CNN concerns | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
President Trump's son-in-law and senior adviser Jared Kushner met with Time Warner about CNN.
Monica S Mcfeeters's insight:
That it was even considered it disgusting....Sound too much like they would come with red stars to place on a child and their family. International corporations took jobs to Mexico to exploit the Mexican people for cheap labor and weak environmental controls....We should never buy anything from those companies till they offer them a living wage and Mexicans no longer need to mow our grass, pr lay amazing tile, feed us or pick our crops or work hard for us....We can try to get each other to do that....  Then Mexicans can afford to live in their own homeland. There are enough people both places to make goods both places at living wages. Kicking workers and their families around because the globalist manipulators pit us against each other to enable their greed and exploit anyone they can is not the answer...it is the problem.
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