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Archive for the tag “Multi-National Corporation”

Opinion: Blackmailing doesn’t work in negotiation of a budget, even if Trump and Republican’s think it works!

The United States of America is now without a captain, a head honcho and without clear steering leadership. President Donald J. Trump is clearly not stable or a capable person who can hold thought longer, than he holds his thirst for a Diet Coke. So it is old-fashion way that, when the weekend started and during the weekend. Either the White House or the Republican Party has assaulted the Democratic Party for not doing their patriotic duty. However, they are not the majority in the House of Representatives, they are not the majority in the Senate and they do not have the Presidency.

All of that should come into consideration as the Budget negotiations has been going on. There been counter measured to secure payments for soldiers and people in combat. While that has been silenced by the same Republican Party, that are blaming the Democrats. Its the whole way of discussing the deal and agreement with the minority leader, has proven to failing. That President Trump can get into one state of mind and then hours later a call from Chief of Staff John Kelly. Can sway in another direction. Then again can another call from Trump to Democratic leader Chuch Schumer being about another piece, that was not agreed upon.

Its this constant changes and not stability. Its the constant use of military and health care for the needy, while the same majority party has dismantled a lot of that in the tax-cut bill in late part 2017. So the Democrats knows how the Republican party operates, not for the people need, but for the needs of their donors. They don’t care about the CHIP Program and neither care about DREAMERS. That is evident by their way of reasoning and their way of negotiations. Trump clearly doesn’t care about these, he promises left and right, but just wants tax-cuts for him and another party at Mar-A-Lago in Florida.

That the Democrats has been in the trenches trying to fix something is evident. While Mitch McConnell and Paul Ryan have no heart. We knew they operated that out some time ago and its left behind in the closet of one of their main donors. Since, they are using the speeches of the past, but they are the ones that filibustered the crap out of the House and Senate during the Obama Years. Now that they cannot get 60 votes in the Senate. They are sending assaults to Schumer and the Democrats. It is insane!

When they are throwing out bi-partisan deals, by the time spent to forge a deal that both parties can work on and secure funding. Also for popular programs like CHIP and DACA. Clearly, the Republican party doesn’t see that, because they are lost in the InfoWars, Breitbart and Fox News news-cycle, where if they go outside of that paradigm. They will lose popularity in the needed midst of 20% – 30% electorate, which they need in the midterms 2018. Clearly, the Republican Party is afraid to look weak and not following promises made during the 2016 election.

While that is happening, the cost of this a government shutdown. That means many will not during next payout of salaries and government programs will cease until the shutdown is stopped. The natural funding and the in-activity will mean that many ordinary non-life danger programs will stop. This because the President and his party cannot be in balanced and stable in negotiations. They are their worst enemy, but playing the blame-game on Democrats. Who can support this government, but has no incentive to do, when they are shot down and has no reason to give way over nothing.

What the Republicans should do, which they won’t, is to look into themselves and their blackmailing of the other party. Nothing else has happen. That is why the speeches of McConnell and Ryan has been like they are. They know about the changes and calls between them and Democrats. Still, they are blaming them.

They are easily the opposite of Robin Hood, giving more to wealthy and less to the poor. They are struggling to govern, because their enemy is gone in the White House. The Republicans we’re good as long as the Freedom Caucus and the Tea Party Activist could block progressive and liberal ideas from the White House. But now that they have the man in the office and the Capitol Hill for themselves. They cannot explain or be able to agree themselves on what is key or important. Therefore, they have to make enemies out of the Democrats. Secondly, they expect to get away with that.

Not so strange, the blackmailing is their thing, it is the thing of Trump. That is why he has record of lawsuits during his corporate career, why he has not paid workers on his buildings and properties and then sued the contractors for negligence and whatnot. Trump has done that all his life and therefore, tries the same trick as President. However, this isn’t mob business or contractors who needs his money. This is people who has constituents and future votes to be in their favor. Democrats doesn’t need Trump. They don’t need him or his presidency. That is the truth. Trump, thinks everyone needs him and wants him. He is the center of the Universe. However, for the democrats, he is a necessary evil. A devil you work with, in need, but buries hopefully in the future.

So the Republican Party has gone wrongly about it all, they are the ones that need the Democrats. Not the other way around. They have the majority and is supposed to govern. It seems easy on West Wing and Yes Prime Minister. Therefore, they should feel the pinch and their guilt. Even as they deflect and even Kellyann Conway are on TV, still spreading the news of the deal-maker Trump is. Well, it is proven he is jello. It is proven that his shifting and short-term memory, also lack of focus is destroying the importance of the budget negotiations and their deadlines. Combined with the neglect of leadership from his side. Trump cannot whip his party into one focus and one line. If Fox & Friends or Breitbart excel a bad story. He will twist his mind and change way. That is not the way of making significant changes in law.

I think the Republican’s has to jump from the wall and find a middle-ground. If they are serious about governing and not just creating headlines. If the Republicans care about their government and the service it provides, other than giving tax-relief to the wealthy. Time is to open their minds and mouths, talk with the Democratic Party and see where they can go. Peace.

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#TrumpShutDown: Secretary of Defense Mathis – Memorandum for the Deparment of Defense – “Subject: Guidance on the Government Shutdown” (19.01.2018)

UN Special Rapporteur Alston questions the US Government on the extreme poverty in the United States!

The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.”Franklin D. Roosevelt

Yesterday, something rare happen, the United Nations addressed big issues within the United States and their ways of governing. Clearly, this is starch message. If this was a poorer and weaker state. The United States Special Rapporteur Phillip Alston would have condemn their actions. Instead, he is describing it and addressing it. Which is a fresh look from the United Nations, that is worried about the growing poverty in the US. It is special that it happens in this period and time. When the ruling party and majority in both chambers of the Congress. Is working on a bill to give tax relief to the wealthiest, the corporations and growing deficit on the federal budget. Clearly, the value of the middle-class and the poorest doesn’t matter in this calculation. Since, the taxes will grow for the ordinary and the poor, while the richest get more cash.

Therefore, what the UN Special Rapporteur is writing is damning. It is demeaning. This isn’t a fairy-tale or a Disney adventure. This isn’t the dream of gaining fortunes at Silicon Valley. This is the real deal, the issues, the ghetto’s, the slums and the ones living on food-stamps all around the US. The way the United States is governed, might be also a reason for the rampant poverty. Since the Federal State is so far away and the limitations on the States. Barres the State governments from actually delivering necessary welfare and provisions to help their poorest citizens. It could be in their DNA, as everyone is supposed to be self-made and can become millionaires. Even if it is just a tiny group of people who is able to go from the slums and ghetto’s and become vastly wealthy. They are more rare, than the norm. The Rapporteur really paints a story of an American Nightmare and not the American Dream. Alston is describing a bleak picture and shows, that the United States got a lot of work to do. If their citizens are supposed to have equal rights and equal opportunities, because the contrasts and the different spectrum’s of wealth should worry the politicians. Clearly, it doesn’t when we know how the Tax-Plan is and who will benefit in the coming years.

The reality that I have seen, however, is very different. It is a fact that many of the wealthiest citizens do not pay taxes at the rates that others do, hoard much of their wealth off-shore, and often make their profits purely from speculation rather than contributing to the overall wealth of the American community. Who then are the poor? Racist stereotypes are usually not far beneath the surface. The poor are overwhelmingly assumed to be people of color, whether African Americans or Hispanic ‘immigrants’. The reality is that there are 8 million more poor Whites than there are Blacks. Similarly, large numbers of welfare recipients are assumed to be living high on the hog. Some politicians and political appointees with whom I spoke were completely sold on the narrative of such scammers sitting on comfortable sofas, watching color TVs, while surfing on their smart phones, all paid for by welfare. I wonder how many of these politicians have ever visited poor areas, let alone spoken to those who dwell there. There are anecdotes aplenty, but evidence is nowhere to be seen. In every society, there are those who abuse the system, as much in the upper income levels, as in the lower. But the poor people I met from among the 40 million living in poverty were overwhelmingly either persons who had been born into poverty, or those who had been thrust there by circumstances largely beyond their control such as physical or mental disabilities, divorce, family breakdown, illness, old age, unlivable wages, or discrimination in the job market” (…) “There is no magic recipe for eliminating extreme poverty, and each level of government must make its own good faith decisions. But at the end of the day, particularly in a rich country like the USA, the persistence of extreme poverty is a political choice made by those in power. With political will, it could readily be eliminated” (…) “Reflecting on these developments, leading poverty experts have concluded that: Because of this rising joblessness, the U.S. poverty population is becoming a more deprived and destitute class, one that’s disconnected from the economy and unable to meet basic needs. … 40 percent of the 1999 poverty population was in deep poverty … [compared to 46 percent of the 2015 poverty population … . Likewise, rates of extreme poverty (i.e., living on less than $2 per day per person) are also increasing, again because of declining employment as well as growing “disconnection” from the safety net” (Alston, 2017).

This words are striking, these words are address big problems within the American society. That cannot be taken easy. There isn’t proper institutions, programs or even state provisions to help out the ones need. The growing poverty and extreme poverty is weird when you consider the vast amount of wealth residing the same nation. It is like it was rigged to be this way and they are playing demographics and also politics must really be damaging. Since, there aren’t any clear indication that these issues are addressed or significantly cared about by the federal state or the states themselves. The ignorance of the needs of their own, should shatter anyone caring about fellow human beings. That they accept the dire poverty, while the riches families can own estates bigger than some European Kingdoms.

If that isn’t a signal of something in need of change, while so many are struggling to survive and to pay the next rent. That there are a lack of understanding of the generation after generation of struggling individuals in the ghetto’s and slums. These are not looked after or tried to fix, but with small patches and civil society based organization who try to do charity. However, they cannot make them prosper or change the evil circle of lack of jobs and no safety net from the state.

This is political choice and by political will, by the ones that actually are in power. They have to show their concern. Give their legislation and make sure that these people are addressed and have a future. Since they can leave the groundwork and framework so they can live life beyond the hand-to-mouth. But actually own a home and live decent. Instead of struggling with every single penny. Worrying about if either you or any other person in the family ending up in the hospital. If so, they have to collect more debt and struggle more because of lack of coverage and funds to be able to pay for health-insurance. That could be typical issue for Americans on the poverty line. The forgotten by all powers and shown these days by the tax-plan as well, who will make Medicaid and other programs get grave cut. While the corporations are getting tax-holidays.

There is something really wrong these days in America. The riches are really poor. They cannot afford to pay tax or even contribute to the society they are earning their fortunes in. They are so poor, they cannot stomach paying points on the dollars, so the poorest and their workers can get some social benefits. So they can be more healthy and work better for them. Instead, their greed and their draconian ways, will make the extreme poverty even worse and grow numbers of people in dire needs. With time, the corporations will also have fewer costumers. Since they cannot afford to buy their products. So it won’t gain growth, when making more people poor, while a minority will get even wealthier. Peace.

Reference:

Alston, Phillip – ‘Statement on Visit to the USA, by Professor Philip Alston, United Nations Special Rapporteur on extreme poverty and human rights*’ (15.12.2017)

Opinion: What will we leave behind to the next generation?

I wonder if our leaders of our time is considering their legacy and the aftermath of their decisions. Its like the constant breaking news, the steady flow of information and the reactions are more damage control, than actually policies for a sustainable future. Where the actions of today either creates more hostile environment or more fragile institutions for the next generation to gaze upon. Its like we should wonder, what we have to do. To be sure the kids of today, will have states and institutions that are considered good.

We can wonder if the states are built more for corporations and multi-national financial institutions and their needs over what the citizens need. We can wonder if the linear move of financial services is built for the multi-national corporation and their sophisticated tax evasions, which is legal, but still questionable by all parts of society. Because of citizens does so, they will be punished by late-taxes, while a corporation can create a shell-company and move the money like a saint.

We can really wonder what will be left behind, as the states are fragile, the military powers are extended and more countries are affected of violence and senseless killings. By both militants and by state sponsored armies. All of this are creating havoc and making the states weaker, while the injustice roam. Citizens are fleeing injustice and insecurity, trying to find shelter and a new home. While the riches nations are putting up higher walls, making it more dangerous to pass and making agreements on the borders. To stop them and even send them home into violence and possible death by association. This is all happening, day to day.

In many countries it is dangerous to be opposition. If you oppose the ruling regime, you will be arbitrary arrested, your family will be monitored and you might be assassinated. Your business will be taken over or destroyed. The elections are rigged and the appointments made by the elected officials are obnoxious. They are made for facilitating the parties and their cronies. Not to build institutions or departments to deliver services to the citizens, but instead its used for cronies of the leadership of the day.

So it seems like tomorrow is forgotten, because the latest burning fire is more important that thinking about the future. If we could avoid it or even try to find solutions to avoid fires. Stop the dry forests, find out why the temperatures are arising and all the other issues for the running fires. It has to be stopped. The reasons for the businesses has the ability to take out profits where they initially earn it and put it into accounts in Tax Havens. That takes away needed funds and state reserves to secure delivery of needed functions of the state. Which all costs from planning to delivering, from salaries to procurement. Everything has to be covered by the taxes and the revenue made within the state, therefore, when the corporations are allowed to move profits without taxes. They are initially using the state and citizens, while also shelving the needed costs of actually doing business in the state. Even if it is profitable today, it might be more costly tomorrow. As the bankrupt states, the initial degree of defaulting on loans and the interests pay by the state. Take away even more services and possible development of the needed ministries and departments by the state. It is an evil circle, which in the end, make it impossible for the businesses to do business, since the public cannot afford and the state cannot afford either. Since they are all paying down loans, instead of growing the economy with need for the products these businesses make.

If the leadership of today had cared and had thought it through. They would have had more mechanisms, would have had more secured definitions and actually built institutions with protocols to fix possibly tomorrows problems. Instead, we are trying to configure and find solutions again and again. We are trying again to fix similar problems, with lacking funds and times. We are having meager responses and lack luster performances. Where we are building up personality cults and armed generals as leaders, while forgetting why we have governments. The governments that are there as representatives and providers for our day to day lives.

Still, that vision is far fetched and also seems like pipe-dream. Where the states are more and more complying to multi-national corporations and their interests over the needs of the citizens. If not they are complying to the leadership or one single leader who control the state itself. The democratic values are dying, the benefit of representation is dwindling and the face-value of the government. The government is losing value, while the ones leading them is enriching themselves instead of serving the citizens. They are doing this, this way since they are obliging the corporations and cronies instead of serving them.

Is this the legacy we want to leave to the next generation? Is this the state of affairs, we want to be remembered for? That we let them take us and use us for our time and when we lived. That we didn’t build a better tomorrow for us the citizens, but to make sure the leaders and the corporations earned on our hard work and dedication. Its clearly somebody is compensated, while the rest is bleeding.

While we’re wounded and taken for granted. Should we react, should we question and should find ways to demonstrate our discontent with the current affair. As our state mind cannot accept being taken for granted and being used in the favors of people we don’t know and doesn’t represent us anyway.

We should about this and wonder, how can we recover and make they do? What can we do as citizens to get this back? Get them to represent us instead of them. Be for us and work for us and not work for them. Neither work for the corporations or the cronies, but work for us. That is not to much to ask for, but it wouldn’t be easy.

We have to work together and dismantle this. Because the governments cannot be traded-off and we be used only to vote before every term and then left astray. We cannot accept that the illegitimacy of the current state. With leaders disrespecting both their citizens and the state institutions to stay in power. That is how it is, but not how it should be.

I don’t have any solutions, but we have to start discussions and consider our ways. Think and find ways out of this mess. So we can leave a better world for the next generation. Not leave a world with leaders and states, where the citizens are disenfranchised and lost with few options. Where the corporations together with multi-national organizations are taken control, instead of the governments. That is not how its supposed to be with the civil service and the ministries/departments of our states.

We need change, we need something else. We shall not and should not accept to deliver this mess to the next generation. They never asked for this and should not have to work against it. We should deliver are better world to them and not leave a battlefield and a turmoil, while hoping we have given them the work ethic and the skills overcome it. Peace.

USA: Sen. Angus King – “My statement on the Senate’s passage of the tax bill” (01.12.2017)

Opinion: The Tax Bill Passed in the Senate, shows the world who is important for the GOP!

The Republican Party and their representatives and Senators have now shown their loyalty to the donors like Koch and corporations who are supporting their campaigns. The Campaign funding and party is the reason for all of this. That the Corporate America get a say in Congress and pay-off their debt to the donors. This sort of activity shows that the voters and citizens now is second fiddle. The most important piece of legislation is that it grows the deficit, that the Democratic Party and Barrack Obama had to be wise about. While the Republicans themselves can risk the economy, because the legislation benefits their donors. While the citizens will pay more tax with time.

The CBO themselves said this mid-November about the Tax Cut and Jobs Act: “The staff of the Joint Committee on Taxation determined that provisions in the Chairman’s Mark would increase deficits over the 2018-2027 period by $1.5 trillion (not including any macroeconomic effects). By CBO’s estimate, additional debt service would boost the 10-year increase in deficits to $1.7 trillion. As a result of those higher deficits, debt held by the public would increase from the 91.2 percent of gross domestic product in CBO’s June 2017 baseline to 97.3 percent” (CBO, 13.11.2017).

So the representatives and senators who voted for this yesterday are not only giving the corporation a giant tax-break and making for changes that are for the benefit of the wealthy. But at the same time the estimates are that they are breaking the state reserves and the gross domestic product. They are making the state bankrupt for the benefit of the wealthy. While they are cutting needed services and adding taxes on the middle-class and the poor. Draconian law if there ever was one. This is the opposite of Robin Hood. This is midieval and bourgeois of them. The Republican Party have no given all freedoms and liberties to the top 1 percent of the population. While the rest have to stagger themselves and with time pay more and more for basic needs. The only Republican Senator who voted against was Robert Phillips Corker of Tennessee. The rest was democrats who voted against it too!

Here is later in the month estimate by CBO, which is also damning to the results of this legislation:

According to JCT’s estimates, the largest revenue reductions would result from the provision that would modify income tax rates and brackets: Revenues would fall by $1,165 billion and outlays for refundable tax credits would increase by $9 billion over the 2018-2027 period. The increase in the standard deduction would reduce revenues by $654 billion and increase outlays for refundable tax credits by $83 billion over the same period, JCT estimates. Repealing the individual AMT would reduce revenues by $769 billion from 2018 to 2027” (…) “Repealing the Individual Mandate. The bill’s most significant effects on outlays would occur as a result of the elimination, beginning in 2019, of the penalties associated with the individual mandate” (…) “The number of people with health insurance would decrease by 4 million in 2019 and 13 million in 2027” (CBO, 2017).

So while the Federal Reserves are getting less taxes in, the same state also repeals parts of Medicaid and ObamaCare offerings to the impoverished part of the population. Therefore, this tax-bill is also hurting the public who needs substantial coverage and also medical support to able to afford healthcare. This bill is really showing the riches eating more and paying less to big-society, while the poor will suffer even more. Because the Republican Party only has the interest of their donors and their corporations who are lobbying and paying their campaigns. That is now evident with this votes and this legislation. As they have kept the whole piece in the dark and amended in the last minute. Even rewriting directly on the legislation with handwriting. Not having time to check the consequences or having reports on the possible deficits or even damage it does to the citizens.

That the Republicans are doing this with majority in the House and Senate. Shows who they obey, who they trust and who they serve. The Republicans don’t serve the public, they serve the donors and the corporations. They don’t represent the people best interests, but the Multi-National and Big-Business. They are corporate stooges who are making sure the ones who are donating to them are getting some well deserved tax-breaks later. The deficits and the loss of tax revenue combined with the added taxes later on the public. Doesn’t seem to mind the Republican representatives and senators. They are just following orders of the ones who are paying for their PACs and their SUPER PACs. They are just listening and following the guidelines given by the corporations donating to them.

Its hard not to see it differently, since this isn’t to make the American republic any better. This legislation doesn’t make any other sense. Than the Corporations are walking inside the State Reserves and getting their money back. Instead of paying something for their rights to do business in the United States. Soon the people are paying the corporations not only for their services, but also for their benefits of actually doing business there. They are getting both by the hook and by the crook. This is not a good look. It is a billionaires dream and not for the working-class, neither the lower middle-class. They are put into the shadow and used as pawns by the Republican party.

This bill is Koch Industry and Koch supported in many ways, but also other conservative donors wet-dream. They are so having a hard-on by this bill. Because of this mess, they are ready to nasty and nitty-gritty with the public. Finally they are having their pay-day and their pay-off for years of supporting and donating funds to these politicians. The Senate and House is now bought off and their ethical backbone isn’t there. These Senators and these Representatives aren’t free-thinking individuals, but they are only a useful tool for the corporations and lobbyist to get their will.

In the same effect written by Public Citizen recently:

““The alliance between the Kochs and the Trump administration on the Republican tax bill has become so strong that lines between Koch brothers and Trump administration efforts have blurred. That was the case in July, when Treasury Secretary Steven Mnuchin held a panel discussion on tax issues with Americans for Prosperity President Tim Phillips and the White House’s Marc Short. At this event and others, the Koch groups claimed that their desire was to “unrig the economy” by enacting tax cuts for giant corporations” (Public Citizen, P: 14, 2017). “The presence of so many Koch-affiliated political operatives in the Trump administration underscores how Trump has betrayed his supporters and contradicted his pledges to stand up for forgotten Americans against powerful interests. In an administration that lacks a clear policy agenda or expertise, Koch aides have been happy to fill the void with specific ideas to enrich corporate interests and harm the public as a whole. This agenda betrays the central idea of Trump’s campaign: that an outsider was needed to stand up for the little guy against the powerful” (Public Citizen, P: 34, 2017).

With this knowledge and going back in time, just a few months, you can see that the one of the biggest donors has been swaying the White House to change tax-policy in their favor. The irony is that all of this is betraying his promises. But all of the representatives and senators are following suit. Yesterday, is a proof of the control the donors and corporations have over the political elite within the Republican Party. They might have the same over the Democrats, but they didn’t vote this legislation in, the Republicans did!

It is their legacy and their decisions are now making sure the republic and the state will suffer. So that the state can give tax-breaks and tax-relief to the wealthy and businesses over the citizens. If you don’t believe it. Check the numbers, check the public oversight of who pays the PACs and SUPER PACs. Check who pays for campaigns and then check who gets less taxes from 1st January 2018. That is easily quid-pro-quo. Nothing else, this isn’t a masterpiece, this is vomit and disgusting misuse of power and authority for the interests of the rich. They not shielding the weak and poor, but securing their demise. Peace.

Reference:

CBO – ‘ Reconciliation Recommendations of the Senate Committee on Finance – As ordered reported by the Senate Committee on Finance on November 16, 2017’ (26.11.2017) link: https://www.cbo.gov/system/files/115th-congress-2017-2018/costestimate/reconciliationrecommendationssfc.pdf

Public Citizen – ‘The Koch Government – HOW THE KOCH BROTHERS’ AGENDA HAS INFILTRATED THE TRUMP ADMINISTRATION’ (30.11.2017)

US: Whistleblower Joel Clement, an executive with the Department of Interior, resigned Oct. 4. (04.10.2017)

U.S. Representative Ted Lieu draft bill: “Swamp Flyers Act” (28.09.2017)

The Republican’s plan of fixing the tax-code is by bailing out corporations and the wealthy!

Just like the leaflet dropped in April 2017 as a serious Tax Plan, which was one-page long. Clearly, the people in charge of the economy and financial state of the United States. Are more preoccupied with taking private jets and eating while in office than actually working. I can question that after months after the leaflet, there was a tiny amendment on the newly proposed tax-plan. Since it is just small expanded text. Now instead of one single page, its gone up to 9 pages. Not like a handbook into the codes, neither economic implications of the taxes. Like which groups gets benefits, who will pay more and what sort of “damage” will the tax-cuts made by Republican Party do.

This released Tax plan: “Unified Framework for Fixing Our Broken Tax Code”, that was released today. You should expect better work, especially from former businessmen and bankers who are running the Commerce Secretary Wilbur Ross and Treasury Secretary Steve Mnuchin. Both of them has been bankers, but they still has no stats or proof of how these tax codes really affects society. It’s like selling house on only the paperwork and have no official showing of the house. When you get there it either be just a big lie or it be a shiny palace.

That the United States Government and Republican Party are delivering this sort ploy to trigger their wishes is insane. What is striking is words like these: “An additional top rate may apply to the highest-income taxpayers to ensure that the reformed tax code is at least as progressive as the existing tax code and does not shift the tax burden from high-income to lower- and middle-income taxpayers” (Republican Tax, 2017). This is like saying we will take away and make it simpler for the highest earners to pay less, while this will not burden the ones who earn less than us. So that the progressive though is that the highest earner will get a tax-cut and we promise it will not bother anyone.

But the framework are really showing its love for corporation and giving them tax-holidays from the last quarter of 2017: “The framework allows businesses to immediately write off (or “expense”) the cost of new investments in depreciable assets other than structures made after September 27, 2017, for at least five years. This policy represents an unprecedented level of expensing with respect to the duration and scope of eligible assets. The committees may continue to work to enhance unprecedented expensing for business investments, especially to provide relief for small businesses” (Republican Tax, 2017). So they can easily just tap lots of investments without showing them to the Internal Revenue Service, this means the investments would be easily invested and written-off, without considering the tax-record in general. This will be quickly profitable for big corporations and real-estate businesses. Who can easily invest and get profits within months. As they sell in the next year, as they are investing in 2017 and writing it off. While in 2018 selling it. Then they didn’t need to pay the tax for the investment done in 2017. This is double profit for the bigger businesses. It’s a match made in heaven for the multi-national corporations in the United States. The state will earn less and just make sure the investment will be even more short-term and be more buy-in and takeovers. Since they can earn lot’s on the investments, before dropping it or selling it the next year after writing it off.

The framework limits the maximum tax rate applied to the business income of small and family owned businesses conducted as sole proprietorships, partnerships and S corporations to 25%. The framework contemplates that the committees will adopt measures to prevent the recharacterization of personal income into business income to prevent wealthy individuals from avoiding the top personal tax rate” (Republican Party, 2017). Again, the proposed Tax is made to secure the wealthy, so they will get tax-cuts, this is not for the betterment of the state. It is to secure the wealthy and make sure their tax-rate is cut. Clearly, the treasury and commerce secretary are trying to help their friends and family on Wall Street and in the big business with a fancy tale of tax codes and cuts.

If you thought President Trump cared about Middle-America or even about the Working-Class, they we’re needed props and needed ballots for the election. But now that he got you in his pockets. He can get a payday, cut his taxes and make sure his friend on Wall Street gets their payday too! Peace.

Reference:

Republican Tax Plan – ‘UNIFIED FRAMEWORK FOR FIXING OUR BROKEN TAX CODE’ (September 2017)

Opinion: The rich are so poor nowadays!

“The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.”Franklin D. Roosevelt

Well, this time in history will be remembered, in the times that the multi-national corporations have most of them fled their regional scenes and put their headquarters and main operations into tax havens. Therefore, with this in mind, the states and republics that actually is where they make the profits get less tax and get fewer monies to spend on public services. That does not make them poor, but smart someone might say. This is legal and the openness of the economies let them do it, but to be frank, we should question this big giant corporations for their fleeing fortunes abroad.

The corporations are not alone in all of this, the rich people themselves cannot sustained this, they cannot afford to pay reasonable taxes, and they need tax-relief so they can salvage their Monte Carlo and their Lamborghini’s. They have their massive mansions and stalls of cars, but cannot pay the percentages on the tax as ordinary working-class do. In addition, the working-class use decades on end to pay down the mortgage on the house and loan on their Ford Fiesta. If they can even afford a house and a car at his point.

The American enterprise and experience is really seeing it, as they plan to repeal and replace Obamacare, because the wealthy are too broke or to selfish to help the working-class who made them rich. That the working-class and industrial worker are falling behind as new schemes to outrun their possibilities. The corporations and the believers of free economies want more flexibility, but do not give equal wages or compensations. Therefore, the loser in the transactions are the workers and not the companies. Secondly, the states earn less without added productivity.

It is naive that the businesses care about other things than the bottom-line is vicious, like the wealthy have the capacity to share the spoils, which they have earned on the commoners and the citizens. Therefore, the spoils, which in some industries entails sweatshop workers and exports to the Western hemisphere with grand profits for the clothing and appeal giants. Something that the workers in Bangladesh or Pakistan doesn’t see anything delivered back, than a filthy industrial complex and possible health hazards for their hours work on end for a lousy T-shirts.

The others are the ones who are doing mining and extraction for the technology and IT businesses that has no issues with the illegal and militias taking controls over mining fields and black-market trading of rare earth minerals or cobalt for that matter. As long as the giant companies trading computers, smart-phones and whatnot get their profits. Certainly, the CEO and other leaders in the corporations should worry of the implications and the lives destroyed while their businesses are earning loads of monies. There should be some sort of certification of the weak trading points; if they knowingly paid, some of the monies on technology could fund militias and illegal armed conflicts.

This is real poverty, that we have systems, salary structures and imports that hurt local areas, while the businesses earn fortunes, that again is flying on the merry to a tax haven in the pacific through a shell-company set-up by lawyers in Panama. In addition, this is legal and just, by law and in society. That the same companies telling their workers that they cannot afford more wages, since they have to stack millions upon millions in the British Virgin Island. So that the shareholders and stakeholders can earn profits for the toils and sweat of fellow workers.

So when I hear that the workers cannot ask for bigger salaries, while the states and republics create tax-holidays and tax-breaks, incentives for “investments” while the big-men are doling away vast fortunes in the middle of the day. Like a legal heist, a theft of both tax and salary, the salaries that could be used more in the system to gain growth, and secondly the added tax that could build roads and infrastructure that the company could need. However, hey, we do not need proper roads and wages, as long as the rich can travel to Monaco and St. Tropez whenever they feel like it. We are foolish to think otherwise!

When you hear that the rich has to get tax-breaks and their taxes cut, know that they are poor in spirit and heart. They may have vast fortunes and riches, but their hearts are empty. They do not see the problems of the day-to-day basis of the ones creating their empires. They do not see the people who buys their labeled products and services. They only see the bottom-line, the empty shells companies’ accounts and the schemes to hide the monies. That is because these wealthy people are so poor; they cannot afford to be like the rest of us.

The wealthy are so poor, they are so poor that they have to avoid taxes or pay taxes, because if they were paying taxes they would be like us. They would have the same responsibilities and have the same understanding of welfare and public services. Therefore, since they do not need the public service, they can afford to travel abroad for health-care; they can afford to send their kids to private schools and can afford to import goods. Then they do not need the support and the base line of the republic or the state. Like you and I do. Therefore, with that in mind, which is why they are so poor. Their poverty is in the mind and in their spirit; they cannot be a part of us, because they want to shield themselves from us. Still, earning our monies and taking our cheap labor, no problem!

This poor people need help, they need guidance, their riches might fall out of their hands, might be lost in coup d’état or worse than they get bankrupt. Than they need the states to salvage their business or their bank, with our tax-monies, without any hesitation, but when it was booming. That was the time they had no need of paying taxes or paying amends to the state through the regulations. Like we do and pay for our right to live and use the needed services of the states.

In these interesting times of ours, we have the riches seeking to pay-less, while the working-class is footing the bills or trying too. While the republics and states make it harder for public service and make it more expensive to pay for the needed services. This are all made in the hands of the wealthy and the multi-national corporations, without considering the implications of the commoner, the working-class nor the middle-class that are all sinking on the behalf of the rich. Certainly, the belief that the trickle-down economy should be a project avoided, but to many still have faith in the paradigm. While very, few have any social mobility or have the capacity to go from one class to the next. Peace.

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