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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BREAKING: Shawn Lucas Confirmed Dead: Found Lying On The Bathroom Floor

BREAKING: Shawn Lucas Confirmed Dead: Found Lying On The Bathroom Floor | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
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Aetna to exit nearly 7 in 10 Obamacare plans

Aetna to exit nearly 7 in 10 Obamacare plans | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Health insurer Aetna blamed the move on heavy losses in individual insurance plans.
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What Exactly Is Donald Trump Selling? This Adbusters Cover Has a Theory

What Exactly Is Donald Trump Selling? This Adbusters Cover Has a Theory | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
What Exactly Is Donald Trump Selling? New Adbusters Cover Has a Theory
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Massachusetts, Wall Street, and Charter Schools

We Are The 99%. Stand Up! Fight Back!
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Sweden introduces a six hour work day

Sweden introduces a six hour work day | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Sweden is moving to a six-hour working day in a bid to increase productivity and make people happier.
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Carolyn Hax: Wife wants help around the house, not being told to quit her job

Carolyn Hax: Wife wants help around the house, not being told to quit her job | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
A new baby has left her struggling to keep things running, and she and her husband need to divide the work.
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VIDEO: ‘Days of Revolt’: Chris Hedges, Jill Stein Take On the Scam of American Politics

VIDEO: ‘Days of Revolt’: Chris Hedges, Jill Stein Take On the Scam of American Politics | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Hedges and the Green Party presidential candidate explore the problems plaguing American politics, including the essential dysfunction of a two-party system, the staged hypocrisy of the presidential debates and the lack of difference between...
Monica S Mcfeeters's insight:
There are other options for voters.
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Stein, Cornel West to protest Georgia’s restrictive ballot access laws today – Green Party Watch

Stein, Cornel West to protest Georgia’s restrictive ballot access laws today – Green Party Watch | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
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Did you know that the Presidency could be won by a write in candidate?

Did you know that the Presidency could be won by a write in candidate? | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
A total of 494 Electoral Votes are in play for write in candidates.


Currently, 43 States allow Write In Ballots for President of the United States.

States not allowing write in ballots include
Monica S Mcfeeters's insight:
Thank God many states do allow write in votes. But in other states this is yet another way the current system ties our hands to prevent us from having a voice in shaping our own future!!! All states should allow write in candidates and count them!!! We watched the Democrats elite pre-pick Hillary and the 6 big media corporations mentioned Hillary and Donald's name for free nearly every five minutes for free coverage even before they formally decided to run. We need a better way to decide on who will lead our states and our nation. This presidential election proves the system is greatly flawed!!! In many elections on the local level many run unopposed.
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Pope Francis: Powerful People Don't Want Peace Because They Profit from War - The Ring of Fire Network

Pope Francis: Powerful People Don't Want Peace Because They Profit from War - The Ring of Fire Network | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
While speaking at the Vatican yesterday, Pope Francis condemned both the arms industry and those who profit off war, the Catholic Herald reported.
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Obama signs bill requiring labeling of GMO foods

Obama signs bill requiring labeling of GMO foods | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
President Barack Obama has signed into law a bill that will require labeling of genetically modified ingredients for the first time.
Monica S Mcfeeters's insight:
Obama signs the Dark Act Bill that hides GMO labeling into QR codes... A Monsanto dream bill that is a gift bill from Senators and politicians it gets elected for the purpose of protecting these companies when consumers and citizens get in their way. This bill undermines citizen initiative bills passed in a growing number of states that demand GMO products be labeled clearly and not hidden in QR code... Best answer is to contact the companies that backed this bill and demand to know clearly what's in your food until then assume anything not clearly labeled GMO free has GMO and it likely does... You can pick your favorite GMO intake and avoid all others if you want. There are a number of groups with direct links to contact each company in one click. I'll try to post those linking pages as I come across them...
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Normandy, Istanbul, Dhaka, Nice, Baghdad, Orlando: WHY?

Normandy, Istanbul, Dhaka, Nice, Baghdad, Orlando: WHY? | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Peter Bergen says the problems that give rise to terrorism are deep and will likely persist even after an eventual defeat for ISIS' would-be caliphate.
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Snowden and WikiLeaks Clash Over How to Disclose Secrets - NYTimes.com

Snowden and WikiLeaks Clash Over How to Disclose Secrets - NYTimes.com | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
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How one family is sending 13 kids to college, living debt free — and still plans to retire early

How one family is sending 13 kids to college, living debt free — and still plans to retire early | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Lessons from an uber-frugal family.
Monica S Mcfeeters's insight:
Pick of the day to read and keep!
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Robert Reich: Hillary Clinton will need Bernie Sanders’s political revolution to make things happen

Robert Reich: Hillary Clinton will need Bernie Sanders’s political revolution to make things happen | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The only way Clinton's ideas will make it in real life is if the public is organized and mobilized behind them
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Bernie Sanders challenged over VT endorsement

Bernie Sanders challenged over VT endorsement | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Brady Toensing of Charlotte, attorney and vice-chairman of Vermont Republican Party, sends complaint to reporters.
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Joint FBI-US Attorney Probe Of Clinton Foundation Is Underway

Joint FBI-US Attorney Probe Of Clinton Foundation Is Underway | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it

Multiple FBI investigations are underway involving potential corruption charges against the Clinton Foundation, according to a former senior law enforcement official.

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VIDEO: ‘Days of Revolt’: Chris Hedges, Jill Stein Take On the Scam of American Politics

VIDEO: ‘Days of Revolt’: Chris Hedges, Jill Stein Take On the Scam of American Politics | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Hedges and the Green Party presidential candidate explore the problems plaguing American politics, including the essential dysfunction of a two-party system, the staged hypocrisy of the presidential debates and the lack of difference between...
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Ballot Access – Green Party Watch

Ballot Access – Green Party Watch | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Monica S Mcfeeters's insight:
Here is a look at how to offer voters more parties to be options on ballots in November. Real choice and voice doesn't just land in your lap. You have to fight for it if you want real choices!
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Green Party Seeks 2016 Ballot Access in all 50 States: an Interview with Rick Lass

Green Party Seeks 2016 Ballot Access in all 50 States: an Interview with Rick Lass | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
On June 5th, the Nevada Green Party and the Jill Stein for President 2016 campaign filed petitions to qualify for the Nevada ballot in November. Stein than
Monica S Mcfeeters's insight:
This is another way the current voting system ties the hands of competing third parties and choice. We do not even really hear of other candidates in the main stream media to look at them for consideration until they jump over hurdles like getting on the ballots each time. These are hurdles the two big parties never have to face because they are already known... this is a good year to move a few more parties forward to challenge the two corrupted popular corporate media promoted parties as we are going forward. A great reason not to vote for the two most disliked front runners ever.is to promote more real choice in the future. Unless you live in a swing state this is a great election to vote and promote a 3rd party forward as a protest vote and maybe even get someone not so disliked voted in. Check your states write in too.policy
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McConnell: 'One Of My Proudest Moments' Was Telling Obama I Wouldn't Do My Job Until He Left (VIDEO)

McConnell: 'One Of My Proudest Moments' Was Telling Obama I Wouldn't Do My Job Until He Left (VIDEO) | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Now McConnell is wearing his disdain for the president and the Constitution like a badge of honor.
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A neuroscientist explains what may be wrong with Trump supporters’ brains

A neuroscientist explains what may be wrong with Trump supporters’ brains | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
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Ghostwriter: 'The inner Trump is the outer Trump'

Ghostwriter: 'The inner Trump is the outer Trump' | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Donald Trump's former ghostwriter resumed his searing criticism of the Republican nominee Thursday, describing the Republican presidential nominee as a megalomaniac who cares only about himself.
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ALEC and Pence: Protect Failing Charter Schools, Silence Political Speech, Cut Environmental Regulations

ALEC and Pence: Protect Failing Charter Schools, Silence Political Speech, Cut Environmental Regulations | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Mike Pence, candidate for vice-president, was the main attraction at the annual convention of ALEC, the extremist far-right legislative organization.
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