Friday, April 28, 2017

Trump tax cuts is huge for billionairs and nothing for 99%


Paul Krugman about Trump the big baby

In any case, I’d like to make a plea to my colleagues in the news media: Don’t pretend that this is normal. Let’s not act as if that thing released on Wednesday, whatever it was, was something like, say, the 2001 Bush tax cut; I strongly disapproved of that cut, but at least it was comprehensible. Let’s not pretend that we’re having a real discussion of, say, the growth effects of changes in business tax rates.

No, what we’re looking at here isn’t policy; it’s pieces of paper whose goal is to soothe the big man’s temper tantrums. Unfortunately, we may all pay the price of his therapy.


Fans of old TV series may remember a classic “Twilight Zone” episode titled “It’s a Good Life.” It featured a small town terrorized by a 6-year-old who for some reason had monstrous superpowers, coupled with complete emotional immaturity. Everyone lived in constant fear, made worse by the need to pretend that everything was fine. After all, any hint of discontent could bring terrible retribution.

And now you know what it must be like working in the Trump administration. Actually, it feels a bit like that just living in Trump’s America.

What set me off on this chain of association? The answer may surprise you; it was the tax “plan” the administration released on Wednesday.

The reason I use scare quotes here is that the single-page document the White House circulated this week bore no resemblance to what people normally mean when they talk about a tax plan. True, a few tax rates were mentioned — but nothing was said about the income thresholds at which these rates apply.

Meanwhile, the document said something about eliminating tax breaks, but didn’t say which. For example, would the tax exemption for 401(k) retirement accounts be preserved? The answer, according to the White House, was yes, or maybe no, or then again yes, depending on whom you asked and when you asked.

So if you were looking for a document that you could use to estimate, even roughly, how much a given individual would end up paying, sorry.

It’s clear the White House is proposing huge tax breaks for corporations and the wealthy, with the breaks especially big for people who can bypass regular personal taxes by channeling their income into tax-privileged businesses — people, for example, named Donald Trump. So Trump plans to blow up the deficit bigly, largely to his own personal benefit; but that’s about all we know.

So why would the White House release such an embarrassing document? Why would the Treasury Department go along with this clown show?

Unfortunately, we know the answer. Every report from inside the White House conveys the impression that Trump is like a temperamental child, bored by details and easily frustrated when things don’t go his way; being an effective staffer seems to involve finding ways to make him feel good and take his mind off news that he feels makes him look bad.

If he says he wants something, no matter how ridiculous, you say, “Yes, Mr. President!”; at most, you try to minimize the damage.

Right now, by all accounts, the child-man in chief is in a snit over the prospect of news stories that review his first 100 days and conclude that he hasn’t achieved much if anything (because he hasn’t). So last week he announced the imminent release of something he could call a tax plan.

According to The Times, this left Treasury staff — who were nowhere near having a plan ready to go — “speechless.” But nobody dared tell him it couldn’t be done. Instead, they released … something, with nobody sure what it means.

And the absence of a real tax plan isn’t the only thing the inner circle apparently doesn’t dare tell him.

Obviously, nobody has yet dared to tell Trump that he did something both ludicrous and vile by accusing President Barack Obama of wiretapping his campaign; instead, administration officials spent weeks trying to come up with something, anything, that would lend substance to the charge.

Or consider health care. The attempt to repeal and replace Obamacare failed ignominiously, for very good reasons: After all that huffing and puffing, Republicans couldn’t come up with a better idea. On the contrary, all their proposals would lead to mass loss of coverage and soaring costs for the most vulnerable.

Clearly, Trump and company should just let it go and move on to something else. But that would require a certain level of maturity — which is a quality nowhere to be found in this White House. So they just keep at it, with proposals everyone I know calls zombie Trumpcare 2.0, 3.0, and so on.

And I don’t even want to think about foreign policy. On the domestic front, soothing the president’s fragile ego with forceful-sounding but incoherent proclamations can do only so much damage; on the international front it’s a good way to stumble into a diplomatic crisis, or even a war.

In any case, I’d like to make a plea to my colleagues in the news media: Don’t pretend that this is normal. Let’s not act as if that thing released on Wednesday, whatever it was, was something like, say, the 2001 Bush tax cut; I strongly disapproved of that cut, but at least it was comprehensible. Let’s not pretend that we’re having a real discussion of, say, the growth effects of changes in business tax rates.

No, what we’re looking at here isn’t policy; it’s pieces of paper whose goal is to soothe the big man’s temper tantrums. Unfortunately, we may all pay the price of his therapy.

ARTICLE BY PAUL KRUGMAN

https://www.nytimes.com/2017/04/28/opinion/living-in-the-trump-zone.html?comments&_r=0#permid=22295597

Trump is like a child that is influenced easily

Answer to a Krugman article in NYT

your portrayal of The Donald as a temperamental child with inexplicable powers is accurate as far as it goes. But there's a darker side that neither you nor The Twilight Zone explored. This child is susceptible to adults who wish to have his power wielded in their favor. We know that his children are using their father's position to garner business deals. We know that foreign leaders are finding (or have found) ways to influence The Donald through indirect communications. Lobbyists and special interests that specialize in manipulation must be having a field day. But, we'll never know because of the intense secrecy that has been the hallmark of The Donald for his entire life. Non-disclosure agreements with everyone who comes in contact with him; tax returns that will never be released; visitor logs that will never see the light of day; documents relating to Flynn and who knows what else that are hidden or destroyed. This child is frightening not only because of his powers, but because of those who manipulate him.

IVAN(ka) THE TERRIBLE BARBIE

That is the real name. She is known more and more with this name. She is an enabler of his father's follies. People had a vague hope that she might have a positive effect on his terrible father, but now we all know that she is the enabler and herself worse than her father.


IVAN(ka) THE TERRIBLE   BARBIE

Wednesday, April 26, 2017

Trump vows to bring back VCR jobs

Trump vows to bring back VCR jobs 

Kevin O'Leary drops out of the race, we won't have a Trump, now have to deal with the Libertarian Bernier

Bye-bye, Mr. Wonderful: Canadian Conservative Kevin O'Leary drops out.

Robert Reich on Twitter: "Trump's tax plan is the biggest declaration of class warfare -- Trump’s and Mnuchin’s class against average Americans -- in history. https://t.co/HbwWyTfAV9"

Robert Reich on Twitter: "Trump's tax plan is the biggest declaration of class warfare -- Trump’s and Mnuchin’s class against average Americans -- in history. https://t.co/HbwWyTfAV9"

Putin's rape of Russia in one short video

Robert Reich on Twitter: "Trump wants to give a "one-time" tax amnesty to corporations with trillions in earnings abroad. Let's look at what happened the last time: https://t.co/EgwjkUlMj8"

Robert Reich on Twitter: "Trump wants to give a "one-time" tax amnesty to corporations with trillions in earnings abroad. Let's look at what happened the last time: https://t.co/EgwjkUlMj8"

Trump's tax plan is very simple

The Committee for a Responsible Federal Budget projects that the just-released plan would cut $5.5 trillion of the federal government's income, over 10 years. the cost is still astronomical. But it is very good for Trump and his family and the 1% plutocrats who rule America.

This part is from Vanity Fair:

Shortly after golf course owner Donald Trump was improbably elected president of the United States, campaign adviser and soon-to-be Treasury Secretary Steven Mnuchin boldly claimed that his boss’s tax plan would, in no uncertain terms, provide “no absolute tax cut for the upper class.” Mnuchin, God love him, had apparently momentarily forgotten who he was working for: a man who, in his 70 years on earth, has appeared to be solely motivated by personally enriching himself and his heirs and not much nothing else. Of course any tax plan Trump unveiled was going to provide a massive tax cut to Trump’s cohorts in the upper class. The only question that remained was exactly how much of a tax cut Trump was going to propose for himself.

Today, we got an answer: a really freaking big one. As was widely expected, the Trump administration has called for slashing the corporate tax rate from 35 percent to 15 percent. Because the Trump Organization is structured as a “pass through,” the majority of Trump’s income is taxed through that system, meaning that bringing the corporate tax rate down to 15 would effectively cut the president’s own tax liability by more than half. How did Trump defend the thinly disguised plan to set himself up to afford the worst hair dye money can buy for years to come? He didn’t, leaving the job to Mnuchin and fellow Goldman Sachs alum Gary Cohn, the National Economic Council director.


Mnuchin saying he was unable to answer any questions about exactly how much Trump will benefit from the proposed plan on account of not having “access” to his tax returns while simultaneously claiming that the 45th president has “released plenty of information and . . . has given more financial disclosure than anybody else.” Mnuchin reiterated that Trump has “no intention” of releasing his tax returns.


Shoutout to the Trump kids! Cohn confirmed that the president wants to “immediately phase out” the so-called “death tax,” i.e. the estate tax, which the New York Times notes Trump has “railed against for years.” Cohn, hilariously, claimed that getting rid of the death tax is all about helping “American farmers” and other small business owners who are passing their companies onto the next generation, and not the children of multi-billionaires who don’t want to pay taxes on their inheritance.


On the matter of how the administration plans to make up for the loss of revenue based on these tax cuts—so far the White House has repeated the Republican adage that the cuts “will pay for themselves”—the best Mnuchin could muster was: “There’s lots and lots of details that are going into how that will pay for itself,” without actually going into said details. For the most part, “We’re working with Congress on the details,” was the answer to nearly every question posed to Mnuchin and Cohn.





Slate on Twitter: "Ivanka Trump’s clothing line is made in a Chinese factory where workers earn $1 an hour: https://t.co/vkgazi6VBo https://t.co/7hyqne0F9C"

Slate on Twitter: "Ivanka Trump’s clothing line is made in a Chinese factory where workers earn $1 an hour: https://t.co/vkgazi6VBo https://t.co/7hyqne0F9C"

Tuesday, April 25, 2017

HOW TO MAKE AMERICA GREAT AGAIN


So now China is good, and Canada is "bigly" bad???


Lauren Werner on Twitter: "#TrumpRussia explained in under 10 mins. https://t.co/RKIXW48dZ2"

Lauren Werner on Twitter: "#TrumpRussia explained in under 10 mins. https://t.co/RKIXW48dZ2"

Sarah Reese Jones on Twitter: "The Senate Used 46 Staffers To Investigate Benghazi, But Is Using Just 7 For Trump/Russia @politicususa https://t.co/LpIQ4J9TqC #trumprussia"

Sarah Reese Jones on Twitter: "The Senate Used 46 Staffers To Investigate Benghazi, But Is Using Just 7 For Trump/Russia @politicususa https://t.co/LpIQ4J9TqC #trumprussia"

Shaun King on Twitter: "I honestly think Ivanka Trump plays the most nefarious role of anyone in Trump's White House. Her role is to make an evil man palatable. https://t.co/KpCNCwSQoQ"

Shaun King on Twitter: "I honestly think Ivanka Trump plays the most nefarious role of anyone in Trump's White House. Her role is to make an evil man palatable. https://t.co/KpCNCwSQoQ"

Paul Krugman on Twitter: "Trumptax: Economic illiteracy merged with legislative ignorance. It's going to be terrific, believe me https://t.co/51Hq3mzU5n"

Paul Krugman on Twitter: "Trumptax: Economic illiteracy merged with legislative ignorance. It's going to be terrific, believe me https://t.co/51Hq3mzU5n"

Paul Krugman on Twitter: "A further question about corporate taxes: why is this an urgent issue? Always room for improvement, but corporations are NOT fleeing US."

Paul Krugman on Twitter: "A further question about corporate taxes: why is this an urgent issue? Always room for improvement, but corporations are NOT fleeing US."

Trump does not even read the executive orders he signs

While signing an executive order in the White House, President Donald Trump revealed his attitude towards reading the executive orders that he is signing, and it confirms reports that Trump is not reading what he is signing as president.

So I want to thank you very much. So do we have the executive order, please?

So this is promoting agriculture and rural prosperity in America. And, now, there’s a lot of words I won’t bother reading everything. 

White Male Privilege in US

What does white male privilege look like US? Imagine this scenario: Hillary Clinton is president. It's learned that she has deep ties to Putin. She puts utterly unqualified billionaires in cabinet posts. She puts her daughter Chelsea in a position of influence in the West Wing. And Chelsea's husband is her chief advisor. She refuses to release any tax returns, she blocks access to the visitor logs in the White House and Bill refuses to live in the White House so our tax dollars are spent keeping him safe in Chappaqua. And Hillary spends almost every weekend lounging in a resort.
AND, in an interview, she names the wrong country she bombed while bragging about the chocolate cake she was eating while she ordered said bombing. I could go on and on. The point is that the outrage, the outcries, the screaming by Republicans would be heard around the world and impeachment proceedings would already be underway.
By the way, this is not about political party affiliation at all. Let's face it, if Hillary--or any woman candidate--had five children from three husbands she would never have survived the primary.

Trump's Tax Plan

The Trump tax plan, if it ever sees the light of day, will have one huge beneficiary--Donald Trump! 
According to Vox, "It’s the most transparently self-interested policy he’s proposed since taking office, and it will likely save him tens of millions of dollars."

Tax plan and tax return

Mr. Trump, instead of releasing your tax plan this week, please release your tax returns

Friday, April 21, 2017

A picture is worth a thousand words


What can one say with these trash in white house


And to mock these rif raf making fun of Hillary's portrait at White House, people on social media have changed the photo to this. The woman in the portrait is now Trump's wife Melania, in one of her nude poses when she was posing for porn magazines.