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Rescooped by Monica S Mcfeeters from Coffee Party Election Coverage
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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 John Cashon, 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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Scooped by Monica S Mcfeeters
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Simultaneous Islamist Attacks Kill at Least 30 Soldiers in Egypt

At least 30 soldiers have been killed in the north of Egypt's troubled Sinai Peninsula following a wave of near-simultaneous attacks by Islamic militants, according to Egyptian military and security officials.  The attacks, which took place on...
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Jeremy Hunt should lead by example and take care of older people | Archie Bland

Jeremy Hunt should lead by example and take care of older people | Archie Bland | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Society isn’t less caring. But the proportion of older people is going up and more of them will be childless.
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Concern over Brexit's impact on political landscape in Northern Ireland

Concern over Brexit's impact on political landscape in Northern Ireland | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Irish parliament wants input into EU negotiations amid fear British departure could affect north-south relations The fragile political settlement in Northern Ireland would face greater instability if the UK votes to leave the EU in David Cameron’s...
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U.S. Health Care Companies Enjoy Big Opening In India - Forbes

U.S. Health Care Companies Enjoy Big Opening In India - Forbes | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
India's economy is expected to grow 7.5% in the year ahead, driven by ever-growing demand for energy, infrastructure, and technology and high-quality healthcare. I've traveled to India to see what's happening.
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Trampling culture, destroying history | The Why Files

Trampling culture, destroying history | The Why Files | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Deliberate destruction and looting threaten antiquities. Is this the rule or the exception through history? Why destroy culture?
Monica S Mcfeeters's insight:

The attacks on historical sites in the middle east and now Egypt are a sad destruction of knowledge and our link to access communications from people of our past. Yes, it is our history there as well as theirs. Many of the stories of the Jews, the Christians and the Muslims and those that predate all those faiths lay in the dust and artifacts of those lands. Here is a story of how often and why this has happened. This is an interesting read.

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In the Sharing Economy, No One's an Employee

In the Sharing Economy, No One's an Employee | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Carlos Barria / Reuters What do construction companies, strip clubs, and services like Uber and Lyft have in common?
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Rescooped by Monica S Mcfeeters from Human rights, politic, economy, globalization, health and society
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Heavy metal: Life at the world's largest shipyard - BBC News

Heavy metal: Life at the world's largest shipyard - BBC News | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
How South Korea has become a global leader in shipbuilding.

Via Mariaschnee
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Rescooped by Monica S Mcfeeters from Social Media, Internet, E-Commerce, Cybercrime, Law and Business
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Policies on employee appearance and social media use declared unlawful - Crain's Cleveland Business (blog)

Policies on employee appearance and social media use declared unlawful - Crain's Cleveland Business (blog) | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
A three-member panel of the National Labor Relations Board just issued some key rulings on employee handbook provisions.

Via Andre Castaybert
Monica S Mcfeeters's insight:

You might want to look over this!

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Patriot Act That Dennis Hastert Passed Led To His Indictment

Patriot Act That Dennis Hastert Passed Led To His Indictment | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
On Oct. 24, 2001, then-House Speaker J. Dennis Hastert (R-Ill.) shepherded the Patriot Act through the House of Representatives. It passed 357 to 66, advancing to the Senate and then-President George W.
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Chinese Democracy Isn't Inevitable

Chinese Democracy Isn't Inevitable | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Jerry Lampen / Reuters The flaws in China’s political system are obvious. The government doesn’t even make a pretense of holding national elections and punishes those who openly call for multiparty rule.
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Trade Is a Striking Example of the Political Power of the Affluent

Trade Is a Striking Example of the Political Power of the Affluent | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The long-term trend toward reducing restrictions on trade reflects the preferences of the wealthy more than the poor or middle class.
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Rescooped by Monica S Mcfeeters from Ethics
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Strong ethics are more than their own reward

Strong ethics are more than their own reward | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Leaders of every organisation, whether it is corporate, not for profit, government or academic, ignore the health of its ethical culture at their peril.

Via NANCY PETERS
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Government policy will seal the mouths of Muslim pupils | Owen Jones

Government policy will seal the mouths of Muslim pupils | Owen Jones | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Legislation to tackle radicalisation runs the risk of silencing and alienating children in our classrooms
If you care about children’s development and combating extremism, this is a story that should alarm you.
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How Tsipras and Varoufakis turned Greek tragedy into Twitter triumph

How Tsipras and Varoufakis turned Greek tragedy into Twitter triumph | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The Greek PM and his finance minister have been live-tweeting the debt drama, but the eurozone is striking back in the social media onslaught
Politicians aren’t particularly renowned for a strong game on social media.
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Confederate memorials splashed with 'Black Lives Matter' slogan

Confederate memorials splashed with 'Black Lives Matter' slogan | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The 'Black Lives Matter' movement and the controversy over commemoration of the Confederate Army converged Monday when activists spray painted the slogan on Confederate memorial in Baltimore.
Monica S Mcfeeters's insight:

I think a better answer would be place a monument to a black hero close by in a manner that upstages this monument. Or push to have large bushes hide it. Not sure showing the angry, reactive side to a controversy is the best answer for change.

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A new birth for social democracy

A new birth for social democracy | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
With the global economy undergoing fundamental transformation, Kemal Derviş argues that a new social contract is needed to account for the increasingly important role that individual preferences, and individual responsibility, play in today’s world.
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Living Wages, Rarity for U.S. Fast-Food Workers, Served Up in Denmark

Living Wages, Rarity for U.S. Fast-Food Workers, Served Up in Denmark | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Some economists point to Denmark, where fast-food workers make more than twice what they would in the United States, in discussions about American wages.
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America's Largest Mental Hospital Is a Jail

America's Largest Mental Hospital Is a Jail | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Charles Rex Arbogast / AP It was 9 o’clock in the morning at Cook County Jail, but in the subterranean holding cells where dozens await their turn before a judge, you wouldn't be able to tell.
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Sen. Lindsey Graham: Can a relative progressive win over the GOP? (+video)

Sen. Lindsey Graham: Can a relative progressive win over the GOP? (+video) | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Senator Lindsey Graham is a fire-breathing hawk on national security issues. But he’s shown a willingness to work with Democrats in bipartisan fashion on issues like climate change and immigration. Is that a winning presidential strategy?
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Rescooped by Monica S Mcfeeters from Social Media, Internet, E-Commerce, Cybercrime, Law and Business
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IRS sending letters to 200000 taxpayers on hacking - Detroit Free Press

IRS sending letters to 200000 taxpayers on hacking - Detroit Free Press | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The Internal Revenue Service is sending letters to about 200,000 taxpayers who are at risk of ID theft because hackers appear to have sensitive data.

Via Andre Castaybert
Monica S Mcfeeters's insight:

News to know! Watch your  mailbox...

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Four robots that will take our jobs

Four robots that will take our jobs | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
While the world’s most advanced robots are still trying to master stairs (and karate), there will come a time when many jobs currently held by humans are done by robot workers.
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How an Inaccurate Soundbite Might Take Down Obamacare

How an Inaccurate Soundbite Might Take Down Obamacare | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Joshua Roberts / Reuters The Supreme Court is about to decide another blockbuster case arising under the Affordable Care Act (ACA).
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A Lonely Life for Immigrants in America's Rust Belt

A Lonely Life for Immigrants in America's Rust Belt | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
James Steidl/ Shutterstock/The Atlantic CINCINNATI—When they were deciding where to settle down and raise a family, Lorena Mora-Mowry, a lawyer from Venezuela, and her husband Paul, a mechanical engineer from California, performed extensive research.
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Senate Vote Is a Victory for Obama on Trade, but a Tougher Test Awaits

Senate Vote Is a Victory for Obama on Trade, but a Tougher Test Awaits | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Senator Mitch McConnell aligned with the president to push the deal, which would link 12 nations on either side of the Pacific into a trading bloc and expand the president’s trading authority. The legislation still requires House approval.
Monica S Mcfeeters's insight:

While we were celebrating heroes this weekend look who was undercutting the efforts  of those that died for our freedom. I bunch of cowards, sneaks and vultures who seek to not let us have a voice. Just Saying!!!!! Mitch tried to slip in the vote on mass surveillance of citizen in renewing  the Patriot Act  as well this weekend...Give us a break Kentucky why didn't you ditch this guy!??? Just don't bother them with your wishes as citizens while their big multinational donors own them. VOTE THEM OUT AND TAKE OUR BUSINESS TO COMPANIES THAT DON"T OVERCHARGE US ENOUGH TO BUY THE GLOBE AND CORRUPT OUR POLITICIANS!!!!! PLEASE FOLKS LET'S WAKE UP!!! IS OBAMA A GOP TROJAN HORSE? THAT IS A VERY GOOD QUESTION!!!

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