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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Layoffs announced at Boeing plant Trump visited

Layoffs announced at Boeing plant Trump visited | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Monica S Mcfeeters's insight:
Must have made a deal not to lay off folks at those two companies till after Trump was in the White House.
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Trump Sued For Allegedly Violating Presidential Records Act

Trump Sued For Allegedly Violating Presidential Records Act | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Ethics watchdog groups say that White House staffers' reported use of encrypted messaging apps to communicate prevents presidential records from being archived, as required by law.
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Trump won't hire poor people for a top post - many Americans agree - BBC News

Trump won't hire poor people for a top post - many Americans agree - BBC News | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Trump doesn't want a "poor person" overseeing the economy. To many Americans, that makes sense.
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Why Migrants Keep Risking All on the ‘Deadliest Route’

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Senate Republican Obamacare replacement bill released, here are the details

Senate Republican Obamacare replacement bill released, here are the details | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
GOP leaders have to get at least 50 Republican senators to back the legislation to win passage.
Monica S Mcfeeters's insight:
They would have to change a lot to get my vote.
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Missouri Votes to Let Employers Fire People Who Use Birth Control

Missouri Votes to Let Employers Fire People Who Use Birth Control | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
A new Missouri bill would target abortion providers and sanction employment and housing discrimination against people who use birth control or have an abortion. Blessed be the fruit.

Yesterday, the Missouri House voted to pass SB 5, a bill imposing several highly burdensome and even mor
Monica S Mcfeeters's insight:
Saving this link.,... have not fact checked this.
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Trump seeks sharp cuts to housing aid, except for program that brings him millions

Trump seeks sharp cuts to housing aid, except for program that brings him millions | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The president’s budget proposal calls for reducing funding to programs that shelter the poor, but it would leave intact a type of federal subsidy that is paid directly to landlords.
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BOMBSHELL: World’s top psychiatrist says Trump most BRILLIANT president ever

BOMBSHELL: World’s top psychiatrist says Trump most BRILLIANT president ever | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
No, Donald J. Trump is not crazy. He’s “crazy like a fox” according to world renowned psychiatrist Keith Ablow. Donald Trump may do things differently than
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U.S. Pressed to Pursue Deal to Freeze North Korea Missile Tests

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Philippine police use chaos of Duterte’s drug war to extort families in distress

Philippine police use chaos of Duterte’s drug war to extort families in distress | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Manila officers were caught running a secret cell behind a station bookshelf. 
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Senate to White House on health care: No Trump, please

Senate to White House on health care: No Trump, please | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Donald Trump may be the President of the United States, but when it comes to passing health care reform through the Senate, Trump is the understudy to Mitch McConnell's lead.
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Corporate Sponsorship

Corporate Sponsorship | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
As the sponsorship sales team for NPR and its digital assets, National Public Media offers the most dynamic public media sponsorship opportunities across broadcast and digital platforms.
Monica S Mcfeeters's insight:
Yes, and media watch dog groups have long warned that NPR has become more dependent on Corporate sponsorship just like main mass media is totally dependent. Donations from viewers allow NPR to remain more accountable to the masses that listen and support NPR through donations as did government funding. Government funding has been cut and many in the GOP seeks total defunding. The BBC is one of the best reporting organizations in the world and last I knew all British citizens automatically support this through direct taxes, holding it more accountable to citizens not political parties. This also provides enough funds for BBC to do great on site world reports. Government funding does encourage NPR to self censure and not over critique parties or persons too hard that might control NPR purse strings.... Like the GOP is currently hoping to completely cut funds and has already cut some funding in some states. NPR news is does highlight state, national and international news with a balance of the most critical happenings and one can objectively build their research or opinions if the listener pays attention. Cutting government funding opens the door for NPR to lean far more on corporate sponsors. We need to donate as listeners to hold our sponsorship and control.
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5 overlooked politics stories that are worth your time

5 overlooked politics stories that are worth your time | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The 24-hour news cycle is filled with politics coverage, but not everything gets the attention it deserves. Here are five politics stories you may have missed in the past week.
Monica S Mcfeeters's insight:
I will also post these five separately during the day or the next several days.
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U.N. Says World's Population Will Reach 9.8 Billion By 2050

U.N. Says World's Population Will Reach 9.8 Billion By 2050 | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The population growth is being driven by high birth rates in developing nations as well as higher life expectancy worldwide.
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Judge in Michigan blocks deportation of 100 Iraqis

Judge in Michigan blocks deportation of 100 Iraqis | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
A U.S. judge on Thursday temporarily blocked the deportation of about 100 Iraqi nationals rounded up in Michigan in recent weeks who argued that they could face persecution or torture in Iraq because they are religious minorities.
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Trump won't hire poor people for a top post - many Americans agree - BBC News

Trump won't hire poor people for a top post - many Americans agree - BBC News | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Trump doesn't want a "poor person" overseeing the economy. To many Americans, that makes sense.
Monica S Mcfeeters's insight:
He needs to gift about 100 poor intelligent people 2 million like he was handed and see if they can can come up with some better ideas than his rich butt heads have managed to do thus far
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Senate Republican Obamacare replacement bill released, here are the details

Senate Republican Obamacare replacement bill released, here are the details | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
GOP leaders have to get at least 50 Republican senators to back the legislation to win passage.
Monica S Mcfeeters's insight:
Worse than the 1st house effort. You can click and read the whole bill from here.
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Grenfell Tower: Fire-risk tests on cladding on '600 high rises' - BBC News

Grenfell Tower: Fire-risk tests on cladding on '600 high rises' - BBC News | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Samples from three tower blocks are combustible, with many more still to be tested, says the government.
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Philippines says Islamist fighters trapped in corner of besieged town

Philippines says Islamist fighters trapped in corner of besieged town | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Islamist militants holed up in a southern Philippines town have been cornered and their firepower is flagging, the military said on Thursday, as the five-week battle for control of Marawi City raged on.
Monica S Mcfeeters's insight:
Pray for those in this south Asian area. I hope they will be soon successful in changing the hearts of most in this bully gang called ISIS/DASH. Most all people in the peaceful religion of Islam do not feel DASH Represents their Prophet at all by their brutality and abuse of their fellow men, women and children in the name of Muhammad whom others in the Islamic faith believe ISIS fails to honor and thus disgraces by teaching children they steal or bare to become murderous beast. A man or group that feels torturing a 2 year old to death in an effort to force conversion of a mother represents snd fights to honor Satan and the wickedness and evil side of mankind regardless of what religion or Prophet that man or women professes to follow.
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Trump talks up solar panel plan for Mexico wall - BBC News

Trump talks up solar panel plan for Mexico wall - BBC News | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Attaching solar panels to a wall along the Mexican border will cut costs, the US president tells a rally.
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Russia Cancels Talks With U.S. Over Latest Round of Sanctions

Russia Cancels Talks With U.S. Over Latest Round of Sanctions | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Russia canceled talks with a top U.S. official to protest the latest sanctions punishing Russian companies and individuals over the conflict in Ukraine, in a fresh setback for President Donald Trump’s bid to improve ties with President Vladimir Putin’s government.
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Five ways Trump's Washington is more secretive - BBC News

Five ways Trump's Washington is more secretive - BBC News | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The Trump White House has become more secretive, and its changing the attitude of Washington.
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DHS officials: 21 states potentially targeted

DHS officials: 21 states potentially targeted | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Russian government-linked hackers potentially targeted as many as 21 states' election systems last year, a Homeland Security official warned Congress on Wednesday.
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Six People Have Resigned From Trump's HIV/AIDS Advisory Council Because He "Doesn't Care"

Six People Have Resigned From Trump's HIV/AIDS Advisory Council Because He "Doesn't Care" | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
"We have dedicated our lives to combating this disease and no longer feel we can do so effectively within the confines of an advisory body to a president who simply does not care."
Monica S Mcfeeters's insight:
Lots of people don't care about AIDS until they realize they or people they love have been with someone suffering from AIDS or HIV then it is to late to protect their family after the deal is sealed. Tell the GOP reps and the WH we need a deal to fight for real health for all of us. Tell them not to deal AIDS a winning hand and a stacked deck!
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