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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Planned Parenthood head: Trump administration 'worst for women' in my lifetime

Planned Parenthood head: Trump administration 'worst for women' in my lifetime | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Planned Parenthood President Cecile Richards says the Trump administration has the worst track record on women's issues she's seen in her entire life.
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When It Comes to Felonies, Every Sentence Is a Life Sentence

When It Comes to Felonies, Every Sentence Is a Life Sentence | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The Problem

The U.S. ranks number one in the world for numbe
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I Was a Top Clinton Aide. Here’s What I Think About Comey’s Book.

I Was a Top Clinton Aide. Here’s What I Think About Comey’s Book. | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Jennifer Palmieri reviews the former FBI director’s blockbuster memoir.
Monica S Mcfeeters's insight:
My two cents: I haven’t read this book. But the democrat’s choice to place Hillary in the White cost at any cost is what lost the election. She had many flaws of her own creation and from her own mouth without any help. Her greater than s white lie about coming under sniper fire in Bosnia and being rushed to cover instead of greeted had so many lies in one place it could nearly be its own book. Had the Democratic elite thrown just their support not even their money behind Bernie instead of obstructing they would have beat Donnie boy hands down... Some have been able to drum up potential dirt from one episode in Janes life to stir up and the dem/socialist issue would have been easy to beat down... Just point out Donnie and his buds at the Heritage want private ownership of roads, libraries, post office, our schools and public parks, medicine, medical care and even our military.... Black Water proves that
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McConnell aims to reshape courts in case Senate flips

McConnell aims to reshape courts in case Senate flips | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The Kentucky Republican is laser-focused on confirming conservative judges in what may be his last months as majority leader.
Monica S Mcfeeters's insight:
How do you force people to do want you (or your donors) want even if the public majority doesn’t agree or want it? Stack the deck with judges that agree with you is your only option. hope the majority of people which happen to not agree with you don’t notice. Sort of like boiling a frog. Mitch is hoping people won’t notice till it is too late.
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CIA Director Mike Pompeo Met North Korea’s Kim Jong Un to Discuss Summit

CIA Director Mike Pompeo Met North Korea’s Kim Jong Un to Discuss Summit | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
President Donald Trump sent Central Intelligence Agency Director Mike Pompeo on a secret trip to meet with North Korean leader Kim Jong Un in Pyongyang over Easter, according to people familiar with the matter.
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Former Justice Officials Sign Bob Mueller Letter

Former Justice Officials Sign Bob Mueller Letter | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Nearly 500 former DOJ employees are calling on Congress to protect the Special Counsel from Trump
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This Trump Motto From 'The New York Times' Is So Blunt It Will Stun You

This Trump Motto From 'The New York Times' Is So Blunt It Will Stun You | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The New York Times has apparently had it with President Trump's accusation-flinging. In an opinion published Wednesday by the editorial board, the nation's "newspaper of record" lambasted Trump for regularly blaming anyone but himself for special cou…
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Opinion | Bolton’s Illegal War Plan for North Korea - The New York Times

Opinion | Bolton’s Illegal War Plan for North Korea - The New York Times | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
President Trump’s new national security adviser mislabels a preventive attack plan, which would be illegal, as a more permissible pre-emptive strike.
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The ISIS Files: When Terrorists Run City Hall - The New York Times

The ISIS Files: When Terrorists Run City Hall - The New York Times | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
We unearthed thousands of internal documents that help explain how the Islamic State stayed in power so long.
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Federal Report: Students with Disabilities Lose Their Rights if They Use a Voucher

Federal Report: Students with Disabilities Lose Their Rights if They Use a Voucher | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
States that establish vouchers follow a strategy of putting the camel's-nose-under-the-tent. They usually begin by offering a  voucher for students with disabilities. Then they add a voucher for children who are low-income or a voucher for students in schools with low test scores (to "save poor children from failing schools). Then another, and another, and…
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Trump freezes $200 million in funds earmarked for Syria recovery - CBS News

Trump freezes $200 million in funds earmarked for Syria recovery - CBS News | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
President Trump said in a Thursday speech that the U.S. will be pulling out of Syria "very soon"
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When Our President Put His Doctor in Charge of Everything

When Our President Put His Doctor in Charge of Everything | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Nicolae Ceausescu named his personal physician the minister of health. It didn’t go well—President Trump should take heed.
Monica S Mcfeeters's insight:
Interesting read!
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School shooting survivor tired of ‘old ass parents’ failing on gun control

School shooting survivor tired of ‘old ass parents’ failing on gun control | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Stoneman Douglas student David Hogg is “beyond exhausted.”
The 17-year-old has been working tirelessly in the wake of the Florida school massacr
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Trump challenges Native Americans’ historical standing

Trump challenges Native Americans’ historical standing | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Tribes say they should be exempt from Medicaid work requirements.
Monica S Mcfeeters's insight:
Trump has a natural talent for attacking those that are marginalized in society. He can obviously just hates native Americans... The South And Central Americans are predominantly native Americans as well and we know how Trump seeks to keep them out of his kingdom.... How else would he keep male populations from escaping western companies in Mexico and other South American nations and working for those companies at $70 a week. Maybe if he keeps his church of Trump worshippers stirred up about how all those poor people are stealing their money and jobs he can bring back slavery. This is one more way he uses his power to abuse people he thinks no one will defend. And this from a man who did absolutely nothing for his first million dollars but get born.... A great reason to take inheritance from all people that didn’t earn it.
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Bizarre Squid Spotted by NOAA's Okeanos Explorer

Bizarre Squid Spotted by NOAA's Okeanos Explorer | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The deep-sea creature, which might be a new species, has marine biologists flummoxed.
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Trump dropped an explosive hint about Mueller and the Russia investigation

Trump dropped an explosive hint about Mueller and the Russia investigation | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
President Donald Trump has been emboldened in his attacks on Mueller and deputy attorney general Rod Rosenstein in recent weeks, amid a flood of troubling news.
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The G.O.P. Tax Cut Is Draining the Treasury Even Faster Than Expected | Vanity Fair

The G.O.P. Tax Cut Is Draining the Treasury Even Faster Than Expected | Vanity Fair | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
America's burn rate is speeding up—leaving Congress just a few weeks to raise the debt ceiling again.
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Top Republican Official Says Trump Won Wisconsin Because of Voter ID Law –

Top Republican Official Says Trump Won Wisconsin Because of Voter ID Law – | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Election officials and Democrats in Wisconsin have repeatedly argued that the state’s strict voter ID law allowed Donald Trump to win the state in 2016 by keeping thousands of voters—predominantly in Democratic-leaning areas—from the polls. Now a top Republican official in the state is saying the same thing. “We battled to get voter ID on the ballot for […]
Monica S Mcfeeters's insight:
GOP brag about how they controlled the registered voters and prevented tens of thousands from voting. The GOP’s way of keeping the vote clean and honest. Turns out that was likely the only way they could win Wisconsin. They had to rig the game in a good many states with voter ID and other measures to obstruct legal registered voters from voting.
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Cambridge Analytica whistleblower Christopher Wylie gives evidence to MPs

Cambridge Analytica whistleblower Christopher Wylie gives evidence to DCMS select committee. MORE: https://on.rt.com/91ye Like what you see? Pleas
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APNewsBreak: No Perjury Prosecution Over Costly VA Hospital

APNewsBreak: No Perjury Prosecution Over Costly VA Hospital | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it

The House Veterans Affairs Committee asked for a perjury investigation last fall, claiming the executives repeatedly gave false testimony that masked serious problems with the hospital construction project.

The Justice Department told lawmakers in a May 19 letter that there was insufficient evidence to prosecute. Republican U.S. Rep. Mike Coffman of Colorado released the letter to The Associated Press on Thursday.

The decision means no one has yet been fired or criminally charged since the cost of the hospital ballooned to nearly $1.7 billion, almost triple earlier estimates.


Via Theresa "Tbird" Aldrich, Dorothy R. Cook
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Monica S Mcfeeters's comment, April 9, 4:38 PM
I may be giving input about the VA hospital at Memphis soon. I'm hoping it will be good. I am a huge supporter of training very smart medical professionals to serve the public and funding their education to do so...Much of the VA was privatized during the Bush and Clinton years using contractors and contract doctors in at least overseas clinics... This lowered the quality of service as retention of both military ranking medical professionals and contractor retention was awful as well…it became a pass through spot looking for a real and better job. . While saving tax payer dollars that then went to fund contractor pockets rather than funding medical, life time medical military commitments , great top of the line on the job training and retirements as well as serious medical education for very bright young people that otherwise wouldn't afford the tab...We didn't get the best deal in the privatization contract.
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North Korea dangles 'denuclearization' like a hunter setting a trap

North Korea dangles 'denuclearization' like a hunter setting a trap | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
"Know this: North Korea has never, ever kept its word and can’t be trusted."
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When Terrorists Run City Hall - The New York Times

When Terrorists Run City Hall - The New York Times | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
We collected thousands of internal documents that help explain how the Islamic State held onto power for so long.
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Trump Says He Plans to Order Military to Guard Border - The New York Times

The president said the military will guard parts of the border until a wall can be constructed.
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These teachers work up to 6 jobs. Now they're fed up and ready to walk out

These teachers work up to 6 jobs. Now they're fed up and ready to walk out | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Craig Troxell steps precariously across a customer's roof, marking hail damage from yet another Oklahoma storm. He still smells of the freshly cut grass from the swanky side of town, where he had just mowed lawns to make a few extra dollars.
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https://www.washingtonpost.com/lifestyle/style/michael-avenatti-the-adrenaline-fueled-lawyer-taking-on-donald-trump/2018/03/25/3ef5cbdc-2e88-11e8-b0b0-f706877db618_story.html?utm_term=.debcf8e78113

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