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.


Via Michael Charney
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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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Merkel urges EU to control their own destiny, after Trump visit, climate change decision

Merkel urges EU to control their own destiny, after Trump visit, climate change decision | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
German Chancellor Angela Merkel said Sunday that “the past few days” have shown her that European Union nations must maintain friendships with the United States and Great Britain but also put out destiny into their own hands.”
Monica S Mcfeeters's insight:
Fox has in the past gone strongly Libertarian. This approach is centered around the individual as the base of moral choice.... a me first type of thinking.
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Genocide, Empty Threats, and a Warning to Obama, Clinton, and Trump

Genocide, Empty Threats, and a Warning to Obama, Clinton, and Trump | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
I watched America’s broken promise fuel Radovan Karadzic\'s terror in Bosnia.
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Impressive article.
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Angela Merkel says Germany can no longer rely on America under Donald Trump

Angela Merkel says Germany can no longer rely on America under Donald Trump | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Angela Merkel has suggested Germany and Europe can no longer rely on the US under Donald Trump. Speaking at a campaign event held in a Bavarian beer tent, the German Chancellor emphasised the need for friendly relations with the US, Britain and Russia, but added: “We Europeans must really take our destiny into our own hands.” 
Monica S Mcfeeters's insight:
Trump First leaves our poor and the rest of the world last.... As we abandon the other western countries they can no longer trust the USA. Syria counts and others count on Russia to help the leaders suppress the will of their people and that is so far Russia's strong hand... So what does Trump want from Russia?
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Election Justice USA Study Finds that Without Election Fraud Sanders Would Have Won by Landslide

Election Justice USA Study Finds that Without Election Fraud Sanders Would Have Won by Landslide | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Election Justice USA finds that Bernie Sanders lost an estimated 184 delegates to Election Fraud:


Well, 184 is only the upper estimate considering election fraud. Not even counting in the immense MSM bias, lack of debates, DN
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Jill's Southern Retreat near Charleston in Goose Creek, South Carolina, United States

Jill's Southern Retreat near Charleston in Goose Creek, South Carolina, United States | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
May 28, 2017 - Private room for €64. Embraces at hello all guests traveling for business or pleasure ... only 27 minutes to historic Charleston ... a cozy home away from home
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White House relents in fight with ethics office over waiver disclosure

White House relents in fight with ethics office over waiver disclosure | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
By June 1, the administration will publicly post waivers given to appointees who have been exempted from aspects of federal ethics rules.
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White House Backs Down on Keeping Ethics Waivers Secret

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I wonder if the FCC chairman got a waiver as a former Lawyer for Verizon.
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Trump Abandons the Human-Rights Agenda

Trump Abandons the Human-Rights Agenda | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Michael Posner on how Donald Trump’s embrace of autocrats and his recent speech in Saudi Arabia indicate that he is ignoring human-rights concerns.
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DHS secretary: People would 'never leave the house' if they knew what I knew

DHS secretary: People would 'never leave the house' if they knew what I knew | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Department of Homeland Security Secretary John Kelly said Friday that the American public would "never leave the house" if they knew what he knew about terrorist threats.
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Mitch McConnell Just Sent a Revealing Signal to Donald Trump

Mitch McConnell Just Sent a Revealing Signal to Donald Trump | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Are Senate Republicans close to giving up on Obamacare?
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A Journalist Was Body Slammed, but Some Conservatives Want the News Media to Apologize

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NAFTA’s Wreckage Shows Why It Must Be Replaced, Not Tweaked

NAFTA’s Wreckage Shows Why It Must Be Replaced, Not Tweaked | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
During the campaign, candidate Donald Trump called the North American Free Trade Agreement (NAFTA) a “disaster” and promised he would renegotiate it t
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President Trump's Speech at Israeli Parliament Canceled Amid Fears He Would Be Heckled

President Trump's Speech at Israeli Parliament Canceled Amid Fears He Would Be Heckled | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
A proposal that Donald Trump would speak before the Knesset during his visit to Israel was scrapped over fears he would be heckled
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Wake Up To Politics

Wake Up To Politics | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Wake Up To Politics is a daily political newsletter by 13-year-old Gabe Fleisher
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Russian elite invested nearly $100 million in Trump buildings

Russian elite invested nearly $100 million in Trump buildings | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
President Trump has downplayed his business ties with Russia. But @reuters found that buyers from Russia have invested at least $98 million in Trump buildings.
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Trump Was So Tired That He Had To Ride In A Golf Cart While Other G7 Leaders Walked

Trump Was So Tired That He Had To Ride In A Golf Cart While Other G7 Leaders Walked | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Here is a picture of just how much Trump is weakening the image of the Uvnited States. While the leaders of Italy, Japan, Canada, France, Germany and the UK walked together down the streets of Taormina, Trump led from behind in a golf cart.
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SPLC suit: Mississippi violates binding obligation to provide ‘uniform’ system of public education

SPLC suit: Mississippi violates binding obligation to provide ‘uniform’ system of public education | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Mississippi has repeatedly violated a nearly 150-year-old, legally binding obligation to operate a “uniform system of free public schools” for all children, an obligation placed on the state as a condition of rejoining the Union after the Civil War, according to a federal lawsuit filed today by the Southern Poverty Law Center.
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A high-stakes gamble: How Jared Kushner reacted to previous crises

A high-stakes gamble: How Jared Kushner reacted to previous crises | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
He vastly overpaid for the nation’s most expensive office building and struck back at his foes.
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Two men stabbed to death on Oregon train trying to stop anti-Muslim rant

Two men stabbed to death on Oregon train trying to stop anti-Muslim rant | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
A man fatally stabbed two passengers aboard a Portland, Oregon, commuter train after they tried to stop him from harassing two young women who appeared to be Muslim, police said on Saturday.
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White House Backs Down on Keeping Ethics Waivers Secret

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I wonder if the FCC chairman got a waiver as a former Lawyer for Verizon.
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Russian ambassador told Moscow that Kushner wanted secret communications channel with Kremlin

Russian ambassador told Moscow that Kushner wanted secret communications channel with Kremlin | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Sergey Kislyak’s account of the meeting was captured by U.S. intelligence.
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Russian ambassador told Moscow that Kushner wanted secret communications channel with Kremlin

Russian ambassador told Moscow that Kushner wanted secret communications channel with Kremlin | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Sergei Kislyak’s account of the meeting was captured by U.S. intelligence.
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Amy Reed, Doctor Who Fought a Risky Medical Procedure, Dies at 44

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Republican Greg Gianforte wins Montana special election, CNN projects

Republican Greg Gianforte wins Montana special election, CNN projects | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Republican Greg Gianforte has won the special election for Montana's open US House seat, CNN projects, defeating Democrat Rob Quist and capping off a whirlwind final 36 hours of the campaign that saw Gianforte being charged for allegedly assaulting a reporter.
Monica S Mcfeeters's insight:
I really don't get it. It appears that GOP supporters can forgive groping women that don't want to be groped, body slamming reporters that ask perfectly regular questions, slandering and outright lies and hate talk. And those very people they are forgiving will soon treat many of their supporters the same way or worse through policy that will offer the rich the world and the working person the crumbs...  if that. 
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Trump Reportedly Called Germans 'Very Bad,' Vowed To Stop German Car Sales In The U.S.

Trump Reportedly Called Germans 'Very Bad,' Vowed To Stop German Car Sales In The U.S. | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
“See the millions of cars they are selling in the U.S. Terrible."
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