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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Senate Republicans voted today to kill federal privacy rules

Senate Republicans voted today to kill federal privacy rules | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The vote paves the way for a big win for the country’s telecom giants.
Monica S Mcfeeters's insight:
A very sad day happened while we were all watching the joker play us for fools this year. Look how they start to not only take America back but it wasn't for us it is from us... say good by to your privacy. I guess no one cares anyway or people won't let these things happen. They would "Resist"!
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Kochs pledge millions to GOPers in 2018 -- if they vote no on health care bill

Kochs pledge millions to GOPers in 2018 -- if they vote no on health care bill | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
In a last-minute effort to sink the Republican health care bill, a powerful network of conservative donors said Wednesday it would create a new fund for Republican 2018 reelection races -- but they'll only open it up to GOPers who vote against the bill.
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MICEK: Trumpcare: Helping the Rich, Stiffing the Poor - Aurora Sentinel

MICEK: Trumpcare: Helping the Rich, Stiffing the Poor - Aurora Sentinel | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
What's clear is that, right now, Trump and Republicans have a big, fat problem with their healthcare bill. And whether further negotiations will in fact lead to an improvement over the existing law, as Trump promised, is an open question
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Blow the whistle on Sean Spicer

Blow the whistle on Sean Spicer | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Research shows corporations can get infected with a culture of lies. The only recourse for a company -- or a country -- is to call out lies when you see them, Mel Robbins says.
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New documents show Trump aide laundered payments from party with Moscow ties, lawmaker alleges

New documents show Trump aide laundered payments from party with Moscow ties, lawmaker alleges | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The documents released by a Ukrainian lawmaker claim Manafort laundered the payments through Belize.
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Gorsuch Tries to Put Himself Above Politics in Confirmation Hearing - NYTimes.com

Gorsuch Tries to Put Himself Above Politics in Confirmation Hearing - NYTimes.com | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
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My answers to the latest GOP survey

My answers to the latest GOP survey | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
I recently answered the GOP’s First 50 Days survey. I am using these highly biased and unscientific surveys as chance to express my opinions about the administration. I just wanted to share my answers somewhere in the hopes that someone els
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Putin's main goal in Syria? - Genevieve Casagrande, ISW

Putin's main goal in Syria? - Genevieve Casagrande, ISW | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Russian President Vladimir Putin’s primary objective in Syria is to constrain U.S. freedom of action – not fight ISIS and al Qaeda. Russia’s military deployments at current levels will not enable the Iranian-penetrated Assad regime to secure Syria. Mosco

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March on Mississippi: Danny Glover, Sen. Sanders take on automaker

March on Mississippi: Danny Glover, Sen. Sanders take on automaker | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The actor and longtime activist on Saturday will join Sen. Sanders and others in the March on Mississippi, meant as a pro-union rally for autoworkers.
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Education rally at Capitol: Gallery

Education rally at Capitol: Gallery | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Several hundred parents, educators, education activists, students join a handful of legislators in a education rally at the Capitol in Jackson, Miss., Thursday, March 16, 2017. Advocates for public schools oppose legislative leaders' plans to rewrite the state's school funding formula. (AP Photo/Rogelio V. Solis)
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Bad news for low-income college students in Trump 2017 budget

Bad news for low-income college students in Trump 2017 budget | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Pell grants are safe but slashed. Other federal grants are going away.
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White House endorses plan to remove 30,000 FAA workers from federal payroll

Under the plan, air traffic controllers and the NextGen program would spin off into a private nonprofit organization.
Monica S Mcfeeters's insight:
Selling public federal jobs to contractors ensures more control of the nation and policy and over labor as we move down through time.
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Donald Trump: America's Marie Antoinette

Donald Trump: America's Marie Antoinette | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Instead of spending money on those Americans most in need, Donald Trump is wasting taxpayer money on maintaining his family's lavish lifestyle in Mar-a-Lago and New York, writes Dean Obeidallah.
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HUFFPOST HILL - Trump Eager To Move Past Health Care And Focus On Rampant Treason

HUFFPOST HILL - Trump Eager To Move Past Health Care And Focus On Rampant Treason | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Like what you read below? Sign up for HUFFPOST HILL and get a cheeky dose of political news every evening!
We’re getting to the point where th
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Kochs pledge millions to GOPers in 2018 -- if they vote no on health care bill

Kochs pledge millions to GOPers in 2018 -- if they vote no on health care bill | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
In a last-minute effort to sink the Republican health care bill, a powerful network of conservative donors said Wednesday it would create a new fund for Republican 2018 reelection races -- but they'll only open it up to GOPers who vote against the bill.
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Trump team communications captured by intelligence community surveillance, Nunes says

Trump team communications captured by intelligence community surveillance, Nunes says | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Members of the intelligence community incidentally collected communications from the Trump transition team during legal surveillance operations of foreign targets, a top Republican lawmaker said Wednesday afternoon.
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Rex Tillerson to skip Nato meeting - but visit Moscow - BBC News

Rex Tillerson to skip Nato meeting - but visit Moscow - BBC News | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
US secretary of state's absence likely to heighten concerns about Trump team's commitment to Nato.
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After Trump tweets embarrassingly inaccurate info, former NATO ambassador publicly educates Trump

After Trump tweets embarrassingly inaccurate info, former NATO ambassador publicly educates Trump | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
This morning Donald Trump once again took to Twitter to show his utter ignorance and misunderstanding of how the world operates. On the heels of his widely mocked, embarrassing, petulant, child-like behavior with German Chancellor Angela Merkel
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Free Up iPhone Space With These Hidden Tricks

Free Up iPhone Space With These Hidden Tricks | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Storage running out? For most, the biggest stuff is in four types of places: photos, messages, music and the big third-party apps that everyone has. These tricks can help you take back your precious gigabytes
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American commissars!

American commissars! | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Unusual network of influential advisers is tasked with monitoring the secretaries’ loyalties, officials said.

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Schumer's warning about Gorsuch is dead wrong

Schumer's warning about Gorsuch is dead wrong | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Danny Cevallos writes that though Senator Schumer claimed Judge Gorsuch favored the powerful in his rulings, he in fact makes decisions on the basis of the law, not politics.
Monica S Mcfeeters's insight:
Research for yourself and remember that CNN as nearly all of our main mass media is a for profit corporate organization that would benefit in the short term from just such a judge as Schumer warns Gorsuch might be.
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Bernie Sanders, Nina Turner, Civil Rights Leaders Demand Workers' Rights at Mississippi Nissan Factory

Bernie Sanders, Nina Turner, Civil Rights Leaders Demand Workers' Rights at Mississippi Nissan Factory | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
'What corporations understand is if they stop workers in Mississippi from forming a union, they can keep wages down in Michigan, Wisconsin, and Pennsylvania'
Monica S Mcfeeters's insight:
Took a while but found updates on the March on Mississippi!
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SXSW 2017: Catch up on everything cool so far

SXSW 2017: Catch up on everything cool so far | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Some are worried about the future of the Internet, Joe Biden asks for work on curing cancer and more
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Supreme Court Confusion Could Cost a Family $410,000

Supreme Court Confusion Could Cost a Family $410,000 | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The justices have an opportunity to clarify the muddle of ‘regulatory takings’ law.
Monica S Mcfeeters's insight:
I am certain the ability to sell land, use it or be paid for it is an important issue that many fair thinking judges can resolve. When reading this article realize there may be motives behind the push for Thump's Supreme Court pick to be approved, realize the WSJ is now owned by Rupert Murdock and he and the Cato Institute are both very pro -libertarian and have been pushing that morality for decades now... likely so will the judge they push be ever more corporate And wealthy friendly...research him well.
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