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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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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Donald Trump May Have Just Committed an Impeachable Offense

Donald Trump May Have Just Committed an Impeachable Offense | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
China’s decision to gift the president a valuable trademark this week could violate the Emoluments Clause of the Constitution.
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We Declare Revolutionary Love as the Call of Our Times

We Declare Revolutionary Love as the Call of Our Times | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
We are building a movement for revolutionary love, in the voting booth and beyond.
Monica S Mcfeeters's insight:
This is really the best answer going forward. What do you think?
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Trump Campaign Aides Had Repeated Contacts With Russian Intelligence - NYTimes.com

Trump Campaign Aides Had Repeated Contacts With Russian Intelligence - NYTimes.com | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Monica S Mcfeeters's insight:
Wow we needed Bernie and those young people coming behind him to be moving into place right now... Trumps whole team is a display of what is wrong in the country and a delay if not a national ad global blow the nation and the world (including Putin's) really could not afford right now. VP Pence is far too aligned with ALEC and other lobbyist to be really functional for improving the lives of most average Americans. He's been great as he raises the stock Bump Obama started to new highs...that is great for those with stock investments it has been great and the richer one is the better it's been for sure!
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Shulkin unanimously confirmed to head Veterans Affairs

Shulkin unanimously confirmed to head Veterans Affairs | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
An internist and longtime health administrator, David J. Shulkin is the first Cabinet pick to win complete bipartisan support.
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Treasury Secretary Steven Mnuchin: 3 Things to Know

Treasury Secretary Steven Mnuchin: 3 Things to Know | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Steven Mnuchin, confirmed Monday night as the nation’s new Treasury secretary, is looking for major reforms in housing and taxes.
Monica S Mcfeeters's insight:
Worth following this man also from the point of view of the left side to see the other flip side. This is matter of fact article which does not spell out directly what many view as these three listed things to know as negative points. The idea that Mnuchin played down some of his prior positions hints that these would have threatened getting approved and that they are possible negatives. The government loan programs were designed to get more people into homes they own and tend to loan to people that private banks might not. People lost so many jobs during the years of Regan, Bush Sr. Clinton and Bush Junior that many people living paycheck to paycheck these loans often were designed to help struggled to make payments. Add to the mix the risky deals for profit private banks took on that were crashing the global markets by 2007-8 and government mortgage companies were far from the only ones needing a bailout... Wall Street where he proudly worked at that time and made billions while so many lost homes had everything to do with that and those they harmed received no bailout. Bank loans are designed to get more money for the owners of the bank.
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We'll Have 2 Trumps To Deal With If Sarah Palin Becomes Ambassador: MP

We'll Have 2 Trumps To Deal With If Sarah Palin Becomes Ambassador: MP | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The ambassador's job has been vacant since last month.
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The Spy Revolt Against Trump Begins

The Spy Revolt Against Trump Begins | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Our Intelligence Community is pushing back against a White House it considers dishonest and penetrated by the Kremlin.
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Trump undertakes most ambitious regulatory rollback since Reagan

Trump undertakes most ambitious regulatory rollback since Reagan | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Business leaders are thrilled and liberal activists alarmed by assault on both new and long-standing rules.
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Andrew Sullivan says journalists should be talking about Trump's mental health

Andrew Sullivan says journalists should be talking about Trump's mental health | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Andrew Sullivan says it's time for journalists to talk publicly about the "mental stability" of President Trump.
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Bernie Sanders coming to Miss. for march against Nissan

March to raise awareness in ongoing efforts to unionize at Canton plant.
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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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Lawmakers Intensfiy Push For Answers on Trump and Russia

Lawmakers Intensfiy Push For Answers on Trump and Russia | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
A growing number of Donald Trump's fellow Republicans are demanding expanded congressional inquiries into ties between his aides and Russia.
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We Declare Revolutionary Love as the Call of Our Times

We Declare Revolutionary Love as the Call of Our Times | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
We are building a movement for revolutionary love, in the voting booth and beyond.
Monica S Mcfeeters's insight:
This is really the best answer going forward. What do you think?
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Senators grill Janet Yellen on Republican plans to neuter Dodd-Frank Act

Senators grill Janet Yellen on Republican plans to neuter Dodd-Frank Act | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Asked about Donald Trump’s claim that the financial regulation meant businesses could not borrow, the Fed chair said growth in lending was robust
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Trump’s First 100 Days: Flynn is the first to fall

Trump’s First 100 Days: Flynn is the first to fall | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
An incident with Michael Flynn sheds light on the inner workings of the White House -- plus how Trump works when he's away.
Monica S Mcfeeters's insight:
The SNL portrayal of this administration is sadly so real...this is one of those periods when the situation is so bad you might as well laugh about it. SML should go after the Ayn Rand morality the GOP now promotes and nearly all Bible Belt states ironically and I think unwittingly have gotten into supporting with gusto. They have led their states into the Ayn Rand morality of self first and the "Virtues of Selfishness". I support being true to one's self and self-aware. Selfishness is not really about self awareness though. Making Trump a winner, the Country a winner, those that are Trumps friends winners is not based on any faith in a deity morality other than one's self and self worship as Ayn Rand's morality declares in her "Virtue's of Selfishness" and her perception of the Altruism of Jesus and other global religions is an evil influence on mankind.
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President Trump Has Done Almost Nothing

President Trump Has Done Almost Nothing | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Tune out the noise coming from the White House. So far, very little has actually happened.
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Donate - SiX

Donate - SiX | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Monica S Mcfeeters's insight:
An article I read says SiX is the same as ALEC. #1 These people/organizations do not run all of our phone companies or set our drug prices or drill pipe lines through our back yards or spill oil in our oceans or fresh water streams, fight to set policy pushes for us to shoot someone even if we mistakenly think that person was a threat and the list of bad policy goes on and on....SiX may actually be a non-profit that operates on donations from foundations, maybe even some corporations and many individuals and gives voice to concerns of citizens, the poor, currently or previously incarcerated and their families and communities, labor, immigrants, earth water and soil issues and others hat often cannot speak or stand up in a meaningful way for themselves. ALEC looks to stack the deck for any wealth and resources to be hoarded unto their sel
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Stephen Miller: A key engineer for Trump’s ‘America first’ agenda

Stephen Miller: A key engineer for Trump’s ‘America first’ agenda | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The 31-year-old top adviser to President Trump began building a conservative foundation as a teen in liberal Southern California. Miller is one of the leading advocates of the executive order banning travel from seven Muslim-majority nations, and he wrote some of Trump’s most strident campaign speeches.
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Trump Adviser Defends President's Lies On Voter Fraud, Despite Providing No Evidence

Trump Adviser Defends President's Lies On Voter Fraud, Despite Providing No Evidence | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
"The president of the United States is correct, 100 percent."
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