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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Donald Trump is assembling the richest administration in modern American history

Donald Trump is assembling the richest administration in modern American history | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Many of the Trump appointees were born wealthy, attended elite schools and went on to amass even larger fortunes as adults.
Monica S Mcfeeters's insight:
This is truly worth reading all the way through. The video and then letting these videos roll on to the next following for as long as you have time to review are so relevant they should be required reading and viewing for citizens to the understand what is going on and who is running the major decisions.
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US Officials Go Public on McConnell’s Threat To Obama If He Exposed Russia Before Election

US Officials Go Public on McConnell’s Threat To Obama If He Exposed Russia Before Election | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
As you've no doubt heard by now, the CIA released a report with information proving that Russia interfered with the US Presidential election to help Donald
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The Rise of the Thought Leader | David Sessions | New Republic

The Rise of the Thought Leader | David Sessions | New Republic | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it

Writing in one of Mussolini’s prisons in the 1930s, the Italian Marxist Antonio Gramsci jotted down the fragments that would become his theory of intellectuals. New classes, like the European bourgeoisie after the Industrial Revolution, he proposed, brought with them their own set of thinkers, which he called “organic intellectuals”—theorists, technicians, and administrators, who became their “functionaries” in a new society. Unlike “traditional intellectuals” who held positions in the old class structure, organic intellectuals helped the bourgeoisie establish its ideas as the invisible, unquestioned conventional wisdom circulating in social institutions.

Today, Gramsci’s theory has been largely overlooked in the ongoing debate over the supposed decline of the “public intellectual” in America. Great minds, we are told, no longer captivate the public as they once did, because the university is too insular and academic thinking is too narrow. Such laments frequently cite Russell Jacoby’s The Last Intellectuals (1987), which complained about the post-1960s professionalization of academia and waxed nostalgic for the bohemian, “independent” intellectuals of the earlier twentieth century. Writers like the New York Times columnist Nicholas Kristof attribute this sorry state of affairs to the culture of Ph.D. programs, which, Kristof claims, have glorified “arcane unintelligibility while disdaining impact and audience.” If academics cannot bring their ideas to a wider readership, these familiar critiques imply, it is because of the academic mindset itself.

In his book The Ideas Industry, the political scientist and foreign policy blogger Daniel W. Drezner broadens the focus to include the conditions in which ideas are formed, funded, and expressed.


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Via Chuck Sherwood, Senior Associate, TeleDimensions, Inc
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Unafraid of Trump, Republican senators feel free to "go their own way"

Unafraid of Trump, Republican senators feel free to "go their own way" | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
"This president is the first president in our history who has neither political nor military experience, and thus it has been a challenge to him to learn how to interact
Monica S Mcfeeters's insight:
The one good thing that could happen because of T is that Republican moderates regain a backbone and more Republicans will regrow their own brain. They have become practically a cult thinking mob that answers and looks out for the rich.
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McConnell is trying to revise the Senate health-care bill by Friday

McConnell is trying to revise the Senate health-care bill by Friday | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The majority leader is trying to send revisions to the Congressional Budget Office by Friday. The hope is for a new score by the time lawmakers return to Washington in mid-July — and to pass a bill before the August recess.
Monica S Mcfeeters's insight:
They had 8 years to get a plan now they are going to squirt one out in 6 or 7 months??? Yea right!! They could probably make a 5 minute from scratch home cooked meal too but that does mean it would be safe or worth eating!!!
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Islam and the Future of Tolerance - Wikipedia

Islam and the Future of Tolerance - Wikipedia

Islam and the Future of Tolerance: A Dialogue is a 2015 book collaboration between the bestselling American author Sam Harris and the British activist Maajid Nawaz.

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America's Global Image Has Plummeted Under Trump: Survey

America's Global Image Has Plummeted Under Trump: Survey | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The image of the United States has deteriorated sharply across the globe under President Donald Trump, a Pew survey showed.
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Health Care Cuts Will Increase Odds Of Dying For The Uninsured, Medical Review Predicts

Health Care Cuts Will Increase Odds Of Dying For The Uninsured, Medical Review Predicts | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
For every 1 million people who lose health insurance, about 1,300 people nationwide could die early, according to an Annals of Internal Medicine review.
Monica S Mcfeeters's insight:
For the Republicans living is a luxury for those that can afford it.
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What you need to know about the Supreme Court’s 3 big Monday decisions

What you need to know about the Supreme Court’s 3 big Monday decisions | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The Supreme Court just wrapped its 2017 term. Here are three cases to check in on.
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The Worst Humanitarian Crisis Since World War II - Jackson Diehl, WaPo

The Worst Humanitarian Crisis Since World War II - Jackson Diehl, WaPo | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The world is caught up in the Trump saga and ignoring a famine that could affect 20 million people in four countries.

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Supreme Court Allows Partial Implementation of Trump Travel Ban

Supreme Court Allows Partial Implementation of Trump Travel Ban | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The Supreme Court allowed President Trump to implement part of his temporary ban on travelers from six Muslim-majority countries and said it would review lower-court rulings that found the executive actions likely unlawful.
Monica S Mcfeeters's insight:
This better include people that are nationals in these nations risking their lives to work with our military or T needs to pull our people out as he would have just put an even bigger target on their backs. Hopefully the military or training efforts are some of those entities.
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Trump is fueling censorship in the Middle East – ThinkProgress

Trump is fueling censorship in the Middle East – ThinkProgress | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Before and after becoming president, Donald Trump consistently attacked the press at home, considering it the enemy of the American people. Now, his policies are leading to a crackdown on media in…
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Donald Trump is assembling the richest administration in modern American history

Donald Trump is assembling the richest administration in modern American history | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Many of the Trump appointees were born wealthy, attended elite schools and went on to amass even larger fortunes as adults.
Monica S Mcfeeters's insight:
Trumps idea of draining a swap is to rescue the swamp monsters and give them a job in his administration. Where they can cut out public ownership and control and take all that for themselves and their pals.
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Proposed Medicaid Cuts Likely To Put Pressure On Nursing Homes

Proposed Medicaid Cuts Likely To Put Pressure On Nursing Homes | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Two thirds of nursing home residents are paid for by Medicaid. Proposed cuts could put pressure on nursing homes and the older adults they serve.
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Rural Communities Must Empower Youth | Ron Daley | Daily Yonder

Rural communities must engage their youth if they are to prevent the continued exodus of their creative talent and futures.

Rural America has long suffered the brain drain and loss of educated talent, entrepreneurs and leadership. However, there are signs in the makeup of the emerging youth that this loss can accelerate this outmigration causing even more desperate ghost communities.

For the first time in the nation’s history five generations are in the workforce: the Traditional Generation born prior to WW II, the Baby Boomers, Generation X, Older Millennials, and now Generation Z (Younger Millennials). Each generation has different attitudes toward work and interaction with their peers and communities.

Just as employers have learned to adjust their operations to attract these “digital pioneers” into their operations, rural communities must understand both the strengths and desires of youth if they wish for them to remain in their communities. The youth are in a better place to lead their communities in these days of the global economy and society than the “Aging Baby Boomers” who are the dominant decision makers. And, if Generation Z and Millennials are not allowed to be active decision makers about their futures, they will leave.


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Via Chuck Sherwood, Senior Associate, TeleDimensions, Inc
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Inside The NAACP’s Fight To Stop Betsy DeVos From Expanding Charter Schools

Inside The NAACP’s Fight To Stop Betsy DeVos From Expanding Charter Schools | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it

http://www.huffingtonpost.com/entry/naacp-charter-schools_us_5952ea88e4b0da2c731f7cb7?ncid=engmodushpmg00000003 


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Jane Sanders Lawyers Up

Jane Sanders Lawyers Up | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The strange story behind the federal investigation that has rattled Burlington, Vermont, and put Bernie and Jane Sanders on the defensive.
Monica S Mcfeeters's insight:
Clinton and Trump both feared the real deal of Bernie. I can see how Vermont would worry with a wicked emperor sitting the WH swearing people to be loyal to him for just rewards and a cult that supports him no matter how many he hates, belittles and yes kills.... all over the world the hate crimes have grown with his mouth insulting and belittling and his cheer leading crowd behind him. Not surprised he thinks Bernie could beat if the orange, sorry, three ring circus, all about me BOZO plans to win one more for his team.... and that ain't team America!
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Ralph Nader: The Democrats Are Unable to Defend the U.S. from the “Most Vicious” Republican Party in History

Ralph Nader: The Democrats Are Unable to Defend the U.S. from the “Most Vicious” Republican Party in History | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The legendary consumer advocate describes his decades-long perspective on what brought the Democratic Party to its current state of collapse.
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Facing GOP opposition, Senate leaders postpone vote to overhaul Obamacare

Facing GOP opposition, Senate leaders postpone vote to overhaul Obamacare | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
In wake of budget forecast, vote to revise 2010 health law will wait until after July Fourth recess.
Monica S Mcfeeters's insight:
Smiling party of austerity for the middle class and poor, sick and old.... and a forever payday for the rich.
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Supreme Court order may cause travel chaos

Supreme Court order may cause travel chaos | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The Supreme Court's decision green-lighting parts of President Donald Trump's controversial travel ban Monday saved many of the prickly questions about the constitutionality of the executive order for another day -- but legal experts say that the court's compromise ruling raises other more practical headaches (and potentially further litigation) for travelers this summer.
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Is that a surprise from a vague ruling.
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Poll shows U.S. tumbling in world’s regard under Trump

Poll shows U.S. tumbling in world’s regard under Trump | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
According to a new Pew survey of 37 countries, just 49 percent view the United States favorably. 
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Hate the Individual Health Mandate? The G.O.P. Tries a ‘Lockout’

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The World Is Even Less Stable Than It Looks - Stephen Walt, Foreign Policy

The World Is Even Less Stable Than It Looks - Stephen Walt, Foreign Policy | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The World Is Even Less Stable Than It Looks « | Foreign Policy | the Global Magazine of News and Ideas

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A state-by-state breakdown of 80 rural hospital closures

Of the 25 states that have seen at least one rural hospital close since 2010, those with the most closures are located in the South, according to research from the North Carolina Rural Health Research Program.
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