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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Pope Francis Asks Trump to Be Peacemaker in Vatican Meeting

Pope Francis Asks Trump to Be Peacemaker in Vatican Meeting | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Pope Francis urged President Donald Trump to be peacemaker at their highly anticipated first meeting, and Trump promised he would not forget
Monica S Mcfeeters's insight:
The Pope is the leader and holy representative for over half of the world's Christians for life. Trump is the elected leader for 350 million people for 4 years. In the past Catholics use to really listen to Popes. This is the best Pope I've seen in my life time and I sure wish they would listen now. I am and I'm not catholic. If God has ears or eyes on the ground I think they so far may be using this Pope's acute empathic awareness not the eyes of Business man "me first/America first" Trump as he dumps the lest of these over the bridge for the most part. Trump just made it less likely more low and middle income families will be able to afford college... but this article failed to mention that. But if they actually get there and get a decent job than forgiving loans paid for 15 years is helpful. The plan also eliminates working for the government in areas like teaching and social work to eliminate much of the student loan payments completely.
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Analysis | How Trump’s budget helps the rich at the expense of the poor

Analysis | How Trump’s budget helps the rich at the expense of the poor | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
His budget would reduce the resources available to the poor, while cutting taxes on the rich.
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Analysis | Trump to poor Americans: Get to work or lose your benefits

Analysis | Trump to poor Americans: Get to work or lose your benefits | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Budget proposes strict new work requirements to limit eligibility for food stamps
Monica S Mcfeeters's insight:
Poor to the fat cat, Golden spoon in his mouth at birth Trump. "Your Fired and so are your Ayn Rand GOP me first pals" in 2018! Get in line for your food stamps as a weight loss plan Trump. Self made nothing unless Trump is a self made & self centered bully.
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Education secretary: School choice opponents have 'chilled creativity'

Education secretary: School choice opponents have 'chilled creativity' | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Education Secretary Betsy DeVos sharply criticized opponents of school choice on Monday, calling them "flat Earthers" who have "chilled creativity" and held American students back.
Monica S Mcfeeters's insight:
Guess what Devos... There is nothing creative about you or your ideas. There is no need to give you and your venture investors ownership of our publicly held ownership of our schools or allow your investors to cypher off our tax dollars for their venture investment startups. If your pals have some good ideas people can afford and benefit from let them use their capitalistic private funds not our tax dollars for their private ventures. We need to see cold cash returns into individual citizens pockets when they sale off anything publicly owned and it should be a sum large enough to go back into the pockets of all public citizen investors like it would if it was any privately owned company. If the end result desired is to turn teachers and schools loose and unaccountable then why did the pro charter school pushers push state test and grading schools by accountability onto local public schools? A liquidation of public education on the cheap for the billionaire buyers and even publicly funded sale off to the pick the pockets of American families does not spell freedom or creativity. rich doesn't deliver creativity.
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While You Weren't Looking, Trump Basically Killed Dodd-Frank

While You Weren't Looking, Trump Basically Killed Dodd-Frank | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
It was fun while it lasted.
Monica S Mcfeeters's insight:
The GOP and Trump are taking America back and then some.... only they are not taking it back for those wanting jobs or a better life... they are taking back so the ultra greedy have another mansion and evermore power. While the Trump show plays behind the scenes he and the GOP throws their voting base under the bus to deliver the greatest goods to their richest donors. That is the biggest reason for the kind of revolt that in the end taxes those same people and everyone else 100% and gives them the rich the choices of hand everything over and shut up and get your greedy butts out of the way, leave the country... (but this time there will be no where on the planet that will want their greedy butts) or face the pitchforks of the masses and they will plant those rich butts in a pretty garden. The rich make the mistake of thinking the poor will be less ruthless than the rich are... The wealthy here and around the globe need to open their eyes. What they are doing is dangerous for everyone.
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Hill Republicans wary of cuts in Trump's 2018 budget plan out Tuesday

Hill Republicans wary of cuts in Trump's 2018 budget plan out Tuesday | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Top Republican lawmakers have expressed concerns about the cuts President Trump plans to make for the 2018 budget year, which is due out Tuesday.
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Throng of students walk out on Mike Pence’s commencement speech at Notre Dame

Throng of students walk out on Mike Pence’s commencement speech at Notre Dame | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
These students are demonstrating what it means to stand up for what is right.
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Fight Back against the Oligarchs Senator Bernie Sanders

http://mypeace.tv/video/veterans-healthcare-budget-voted-down-by-gop-senators

http://mypeace.tv/video/senate-republicans-block-veterans-bill-s-1982-senator-sa
Monica S Mcfeeters's insight:
Great link to Bernie videos. These are more relaxed and uninterrupted and thus offer more detail than those later presented as he ran for president. Whether you support his ideas or not it would be in everyone's best interest to give them a listen and take them to heart. Much of what he covers will affect your life and pursuit of happiness. Your liberty to fall flat on your face, die penniless after working you whole life and not have anyone required to offer you a hand up will still be in place even if Bernie's values and his priorities lose in the end,
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Trump called a hypocrite for Saudi King bow - CNN Video

Trump called a hypocrite for Saudi King bow - CNN Video | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
President Donald Trump was criticized as a hypocrite for seemingly bowing before the Saudi King, an act for which he had criticized then-President Barack Obama for doing back in 2012.
Monica S Mcfeeters's insight:
What a hoot! I remember how many stuck that bow thing on Obama. The same people repeated it for the next four years.
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Saudis Now Fully Own America’s Biggest Oil Refinery » Alex Jones' Infowars: There's a war on for your mind!

Saudis Now Fully Own America’s Biggest Oil Refinery » Alex Jones' Infowars: There's a war on for your mind! | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Previously owned 50 percent in the refinery before acquiring the full stake from Royal Dutch Shell on Monday.
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Schneiderman Presses Search for Tillerson Lost Exxon Emails

Schneiderman Presses Search for Tillerson Lost Exxon Emails | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
New York Attorney General Eric Schneiderman is pressing on with a search for U.S. Secretary of State Rex Tillerson’s lost emails that he wrote under the pseudonym of “Wayne Tracker” while he was the Chief Executive of Exxon Mobile Corp.
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Why does TRUMP tolerate SAUDI ARABIA? - VisualPolitik EN

Donald Trump wants to prevent people from majority Muslim countries geting into America... but are we talking about ALL muslim countries? Well… not really
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House Republicans Admit Fearing For Their Lives From Growing Civil Unrest - Left Over Rights

House Republicans Admit Fearing For Their Lives From Growing Civil Unrest - Left Over Rights | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
You reap what you sow, and Republicans sure have sowed quite a bit of anger, even among their own constituents. I think we all sense that something is very wrong in this country, beyond the obvious controversy related to Trump. People are simply having trouble making ends meet, and our government isn’t helping. Civil unrest …
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Former C.I.A. Chief Tells of Concern Over Possible Russia Ties to Trump Campaign

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Former C.I.A. Chief Tells of Concern Over Possible Russia Ties to Trump Campaign

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Donald Trump is running the White House like a business. That's the problem

Donald Trump is running the White House like a business. That's the problem | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
President Donald Trump asked two of his top intelligence officials to publicly knock down the idea that his 2016 presidential campaign had colluded with the Russians in the days after then-FBI Director James Comey revealed a federal investigation was underway into the matter, according to reporting by The Washington Post and CNN.
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Why Trump Allies Want To Talk Impeachment And Dem Leadership Doesn't

Why Trump Allies Want To Talk Impeachment And Dem Leadership Doesn't | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Internal surveys show that voters still aren't comfortable with the idea.
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CIA's Chinese operations scuppered by the Chinese government, says NYT

CIA's Chinese operations scuppered by the Chinese government, says NYT | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Chinese government incarcerated and killed around 20 CIA operatives from 2010 to 2012
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Bergen: The real reason Saudis rolled out the reddest of red carpets

Bergen: The real reason Saudis rolled out the reddest of red carpets | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Trump's visit to Riyadh comes at a critical time for the Saudi government, as it seeks to transform its economy from exclusive oil revenue dependency to one more diversified, writes Peter Bergen.
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Senior Hunger: Sanders vs. Paul

Senator Sanders, along with Senator Franken (D-MN), explains how the Older Americans Act and its preventative senior health measures can actually save mone
Monica S Mcfeeters's insight:
This is an older Video. Under Trump this funding to keep elderly in their own home for a cheaper rate and usually happier end of life is up on the chopping block,
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A shocking poll number we need to discuss - CNN Video

A shocking poll number we need to discuss  - CNN Video | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Jake Tapper reminds viewers that truth and facts matter in a democracy.
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SWAMP Act Would Make Trump Pay For His Own Visits To Mar-A-Lago.

SWAMP Act Would Make Trump Pay For His Own Visits To Mar-A-Lago. | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
“President Trump is on track to spend more during his first year of office than all eight years of the Obama administration combined,” the bill says.
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Saudi Arabia Now Controls the Largest Oil Refinery in North America

Saudi Arabia Now Controls the Largest Oil Refinery in North America | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Saudi Arabia Now Controls the Largest Oil Refinery in North America « | Foreign Policy | the Global Magazine of News and Ideas
Monica S Mcfeeters's insight:
Trump deal with the Saudi Prince earlier this month would make his Dad want to give Trump warm Welcome for sure.
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Internet Providers Insist They Love Net Neutrality. Seriously?

Internet Providers Insist They Love Net Neutrality. Seriously? | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
As the FCC starts the process of dismantling its own net neutrality protections, telecoms say not to worry. But their commitment is full of holes.
Monica S Mcfeeters's insight:
Trump gives away the world wide WEB in America to your ISP to be the troll you pay on the communication bridge as well as the new owners of your entire browser history is theirs to sell! Now the ISPs just paid millions or perhaps billions to get their hands on this then say.... They love net neutrality and your privacy which was protected through recent regulations until the last big election.... After spending so much to get ownership and control they promise they will not sell our personal histories or violate net neutrality.....If this actually works we can then get rid of police and the military if the bad people promise to be nice without supervision or laws. RIGHT? Or you can make your comments in June to your representatives, the White House, FCC and your ISP loudly and steady and spread the word fast or the WEB as you know it will be changed forever.
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