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Trump's New Tax Scam: Selling Plutocracy as Populism Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=44994"><span class="small">Bess Levin, Vanity Fair</span></a>   
Thursday, 31 August 2017 08:34

Levin writes: "On Wednesday, Donald Trump will kick off his tax-reform campaign with a speech in Missouri, where he is expected to sell his plan - or his idea for a plan, anyway - as a boon for the middle class."

President Trump. (photo: AP)
President Trump. (photo: AP)


Trump's New Tax Scam: Selling Plutocracy as Populism

By Bess Levin, Vanity Fair

31 August 17

 

n Wednesday, Donald Trump will kick off his tax-reform campaign with a speech in Missouri, where he is expected to sell his plan—or his idea for a plan, anyway—as a boon for the middle class. The speech will be necessarily light on details: amazingly, the White House still has no plan of its own after holding a self-congratulatory press conference in April to unveil a one-page, double-spaced, bullet-point list of tax-reform goals. The Trump administration has since passed the buck to Congress to come up with the actual details. Instead, the speech will be all about ideas: specifically, those populist themes and campaign-style phrases (“Make America Great Again!” ) that help disguise the fact that the Republican Party’s plans to reform the tax code are primarily centered around slashing corporate tax rates, not uplifting the “forgotten men and women” Trump waxed poetic about during his inauguration.

Administration officials have devised a series of slogans to blur this distinction. “We’re going to end the rigged system,” a White House official said during a call with reporters. “We’re going to build a tax code that really allows all Americans to have access to the American dream.” Apparently, the “rigged system” line has polled well with swing voters.

It’s not clear how the G.O.P.’s tax proposals, like eliminating the estate tax, will improve access to the American dream. While the exact outlines of the plan have yet to be defined—it’s always easier to sell the idea than the specifics—the broad strokes of the Trump tax cuts appear aimed at rewarding the business class. His past proposals have included a historic slashing of the corporate tax rate, bringing the top individual rate down to 35 percent, and introducing a loophole that would allow people like hedge-fund managers and lawyers to reorganize their businesses as pass-through entities and pay the corporate rate on their income, which Trump wants to be 15 percent. “Those are not exactly populist, keep-rich-people-from-rigging-the-tax-system provisions,” Roosevelt Institute fellow Michael Linden told the Wall Street Journal. “Those are the opposite of those things.” A July analysis by the Tax Policy Center found that the cuts proposed by the Trump administration in April would be 23,500 times better for the ultra-rich than the poor, giving the former an average tax cut of $937,700 to the latter’s $40.

But one should never let the facts distract from a good sales pitch! “A lot of this is going to be him cooking stuff up in his head,” a White House aide told Politico. “He’s a good marketer.” Or as another official said, “He’s going to cast a vision for the kind of America he wants to create. More opportunity for everyone. Making the American dream more accessible than it’s ever been before.”

Accessibility appears to be the operative word: according to the White House’s reasoning, letting corporations keep more of their own money will redound to everyone’s benefit. “Every American worker will get a pay raise by getting to keep more of their paychecks,” the same official went on, promising that the money would trickle down while conspicuously avoiding that toxic phrase. “We’re going to win again by slashing the business tax rate and making our companies competitive again. They’ll be able to hire more workers, boost wages, and bring back trillions of dollars parked overseas. We’re going to make taxes simple and easy so people don’t have to spend a bunch of time and money on preparing their returns.”

Whether the Trump’s blue-collar base or anyone else buys his pitch remains to be seen. Democrats aren’t waiting to hear the details before deriding the salesman. “Donald Trump said he was going to be an economic game-changer for middle-class Americans, but every step of the way his administration has failed to live up to his promises,” American Bridge’s Andrew Bates told Politico. “This tax plan is just the latest example; it’s shaping up to be a wasteful giveaway to the rich at the expense of everyone else, and no amount of White House spin will fool the public.”


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Trump's Tough New Sanctions Will Harm the People of Venezuela Print
Thursday, 31 August 2017 08:27

Weisbrot writes: "The Trump administration announced new, unprecedented sanctions against Venezuela on Friday that are designed to cut off financing to Venezuela."

Protesters in Venezuela. (photo: Getty)
Protesters in Venezuela. (photo: Getty)


Trump's Tough New Sanctions Will Harm the People of Venezuela

By Mark Weisbrot, The Hill

31 August 17

 

he Trump administration announced new, unprecedented sanctions against Venezuela on Friday that are designed to cut off financing to Venezuela. The Trump team pretends that the sanctions are only directed at the government. But as any economist knows, this is clearly false. By starving the economy of foreign exchange, this action will harm the private sector, most Venezuelans, the poor and the vulnerable.

These sanctions will deepen the severe depression that Venezuela’s economy has been in for more than three and a half years, which has already shrunk income per person by more than a third. They will worsen the shortages of food and essential medicines. They will exacerbate the country’s balance of payments crisis, and therefore feed the spiral of inflation (600 percent over the past year) and depreciation of the currency (on the black market) that has been accelerating since late 2012.

And they will further polarize an already divided country. Opposition leaders who support the sanctions, or are associated with them because of their longstanding ties to the United States, will be seen as treasonous — much as Republicans in the Trump administration, including Trump himself, are portrayed by those who believe they collaborated with the Russian government to win the 2016 election.

Trump’s sanctions are also illegal under both U.S. and international law. They violate the charter of the Organization of American States (Chapter 4, Article 19) and other international treaties that the U.S. has signed. To comply with U.S. law, the president also has to lie and say that Americans are suffering from a “national emergency” due to an “unusual and extraordinary threat to national security” posed by Venezuela. This is obviously ridiculous.

The sanctions do their damage primarily by prohibiting Venezuela from borrowing or selling assets in the U.S. financial system. They also prohibit CITGO, the U.S.-based fuel industry company that is owned by the Venezuelan government, from sending dividends or profits back to Venezuela. In addition, if Venezuela wanted to do a debt restructuring, so as to reduce debt service during the current crisis, it would be unable to do this because it wouldn’t be able to issue new bonds.

Basically, Trump’s executive order will cut off most sources of potential financing, other than from Russia or China. This would cause imports, which have already fallen by more than 75 percent over the past five years, to fall further. This means more shortages and further economic decline, since much of Venezuela’s domestic production is dependent on imports. The executive order carries an exemption for oil imports from Venezuela.

Why would Trump do something that even his right-wing allies in Latin America, and most of the Venezuelan opposition, did not support when Trump threatened to do this last month? As with many apparently irrational decisions by this president, it’s not that easy to know for sure. But it seems that the strategy is to further destroy the economy to the point where people will rise up and overthrow the government, or perhaps to provoke a military coup.

In the last few weeks, the violent street protests have died down. Most of the opposition leaders have agreed to participate in the long-delayed October regional elections. This is a positive development for those who would like to see a peaceful resolution of the conflict. But for regime-change extremists like Marco Rubio, whom Trump seems to be listening to on Venezuela, peace is bad news, especially for the media strategy of “if it bleeds, it leads.” They may see exacerbating the economic crisis and suffering to their advantage, hoping to bring people back into the streets and away from the negotiations that will be necessary to settle the conflict.

Finally, we cannot discount the possibility that Trump has also issued this order as yet another distraction from his bad political fortunes at home. Distraction has been his modus operandi since his presidential campaign last year. In this case it is particularly dangerous because he has also threatened military action against Venezuela, and U.S. sanctions of this magnitude have often been followed by military attacks.

As Trump’s presidency continues to putrefy, the urge to rescue it with war will certainly grow. Venezuela is not the best target for public relations purposes because the “security threat” is a tough sell. But Trump and his advisers may see it as less risky than some of the alternatives, such as North Korea, Iran or Syria.


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Can the World Come to Its Senses on Nuclear Weapons? Print
Thursday, 31 August 2017 08:24

McDiarmid writes: "As the last few months has revealed, the majority of the world's nuclear warheads are in the hands of men for whom the idea of using them is becoming thinkable."

North Korean missile launch. (photo: Getty)
North Korean missile launch. (photo: Getty)


Can the World Come to Its Senses on Nuclear Weapons?

By Bunny McDiarmid, Greenpeace

31 August 17

 

ooking back, one of the key moments that was to define both my professional and personal path was the moment I stepped onto the small atoll of Rongelap, in the Pacific Ocean.

It was May 17, 1985 and I was 24 years old.

At first glance, it appeared as if I had reached paradise; sandy beaches with coconut trees, water so crystal clear you could see the bottom, meters deep. And yet nothing was as it should be.

Waiting for us on the beach, with flowers, was the local community. The women held a banner reading "we love the future of our children."

I was there with the crew of the Greenpeace ship Rainbow Warrior, to help them relocate. Their beloved island was making them sick, and what you couldn't see here could kill you.

Back in March 1954, the atoll received a massive dose of radiation when the U.S. tested its most powerful nuclear weapon. The test was code named "Castle Bravo" and the people of Rongelap were given no warning and offered no protection.

Radioactive fallout rained down on the island, falling for days. It dissolved into the water supplies, into the sea, and onto the houses, gardens and people. It contaminated them all.

In the tropics, where people spend a lot of time outside, the children played in the fine white ash, thinking it was snow.

In the years that followed, it became clear to the people that their island was no longer safe. The impact of the radiation poisoning, impossible to clean, was revealing itself with time. The number of children that had their damaged thyroids removed, the number of women that had children born with severe deformities, known as "jellyfish babies," was impossible to ignore.

They no longer trusted what the U.S. military scientists were telling them about the safety of their island. They were left with no choice but to leave, with little hope of ever returning.

The contrast between the beautiful setting and the criminal irresponsibility of the U.S. military who used these people as guinea pigs is still heartbreaking this many years later.

Aug. 29, marked the International Day Against Nuclear Tests.

And while every day during the past few months stands as a stark reminder as to why nuclear tests and nuclear weapons are so dangerous, today is a good day to reflect on the lessons we've learned in fighting nuclear tests, and, most importantly, how we carry on the fight to rid the world of this evil invention.

This year, we do so with renewed impetus.

As the last few months has revealed, the majority of the world's nuclear warheads are in the hands of men for whom the idea of using them is becoming thinkable.

It is perhaps hard to imagine that not so very long ago, nuclear tests were common and held regularly. Hailed as a benchmark of scientific progress and the ultimate guarantee of security, nuclear weapons have been tested more than 2000 times since July 16, 1945, when the "Trinity" test was conducted by the U.S. army in New Mexico.

In the 60s and 70s, the number of tests peaked, before decreasing in number but continuing steadily until the late 90s.

The countries conducting the most tests were the U.S. with 1,054 tests, the USSR with 715, France with 210, and the UK and China with 45 tests each.

Public outrage and the relentless efforts of determined individuals across the world eventually led major powers to stop testing in the physical environment. Greenpeace first set sail as an organization in 1971 to stop nuclear weapons testing and the role that we played in this, alongside so many, fills me with pride.

In 1996, major states signed the Comprehensive Nuclear-Test-Ban Treaty pledging to discontinue all nuclear testing. Although the treaty has never entered into force, nuclear testing essentially screeched to a halt with its adoption.

It forged an international zero-tolerance stance against nuclear testing. The handful of nuclear tests conducted after 1996 received universal condemnation and unanimously adopted UN Security Council sanctions.

The only country to have performed nuclear tests in the 21st century is North Korea—completing five tests in the past 11 years.

With the end of the Cold War, and with major powers signing various treaties committing them to disarm, media and public interest died down. We entered a period where many were living under the false pretense that the threat of nuclear war was something of the past.

And yet, the countries that have committed to disarming have not done so.

They have stalled, found excuses or blatantly ignored their commitments. The result is stark. Nearly 25 years after the end of the Cold War there are still an estimated 16,300 nuclear weapons at 98 sites in 14 countries. Rather than disarm, the nine nuclear-armed states continue to spend a fortune maintaining and modernizing their arsenals.

That false pretense under which we have been living has been shred to pieces during the last few months.

Nuclear war, it seems, is no longer inconceivable.

President Trump, who is the ultimate commander of the U.S.'s nuclear arsenal, (believed to consist of 6,800 warheads) has threatened North Korea with "fire and fury." North Korea has threatened to attack the U.S. territory of Guam, in the Pacific Ocean. The threat of nuclear attack has become a bargaining chip, a threat spoken about all too easily and lightly.

These latest developments fill me with anger and even despair. Have we learned nothing from the past?

But I try to see the positive. At least the veil has been lifted, once again we are reminded of how high the stakes are, how fragile is our existence in a world where nuclear weapons are still so prevalent.

These weapons of mass destruction are designed for one purpose only: war. Their use and even the threat of their use poses an existential threat to all life on our precious planet.

The solution to the current crisis is clear: negotiation and diplomacy. Only this can bring us back from the brink. But this is not enough, we can wait no longer for the countries in possession of nuclear weapons to disarm.

In July, a historic milestone was reached at the United Nations in New York when 122 countries voted in favor of a new treaty banning nuclear weapons.

In September, the treaty will open for signature. Nuclear armed states and many of their allies have boycotted the treaty and have done all they could to try and derail the negotiation. They failed, but their absence is significant as unless a country ratifies the treaty, it is not bound by it.

Nevertheless, the importance of the treaty is enormous—it will make it harder for the proponents of nuclear weapons to describe them as a legitimate and useful means to provide security. The treaty sets the benchmark for a world where nuclear weapons are considered as a threat to security, not an avenue to it.

In this time where the threat of war has become thinkable again, world governments must use it as an impetus to come to their senses and disarm.


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Our Fellow Americans Are Hurting Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=40776"><span class="small">Dan Rather, Dan Rather's Facebook Page</span></a>   
Wednesday, 30 August 2017 14:02

Rather writes: "As the horror continues to unfold in South Texas, we see this spirit come to the fore, from public officials and private citizens. These are heroes who seek not attention or reward, other than the knowledge they are helping their fellow human beings in a time of desperation."

Dan Rather. (photo: Getty)
Dan Rather. (photo: Getty)


Our Fellow Americans Are Hurting

By Dan Rather, Dan Rather's Facebook Page

30 August 17

 

mericans, by and large, are a people of can-do service. We see a need and we don't have to be told to act. We extend our hands, open our hearts and wallets, and understand that we are, at our best, one nation.

As the horror continues to unfold in South Texas, we see this spirit come to the fore, from public officials and private citizens. These are heroes who seek not attention or reward, other than the knowledge they are helping their fellow human beings in a time of desperation. It is inspiring, but one thing I have learned in covering stories such as this is that the echoes of the catastrophe last long after the nation's attention turns elsewhere. The need to help Houston now is acute; it will become long lasting - chronic.

I heard a story once from a woman who lived in Germany during World War II, and was there when American GI's rolled in. She said one difference she noticed between the German and American soldiers was when a German tank got stuck, everyone waited around until an officer told them what to do. The Americans, by contrast, jumped out and went to work to fix things without being told. This is the America I know, then and now.

Our fellow Americans are hurting. We hear their cries for help. I hope our elected officials can understand that we want to be called on a mission of assistance and unity, now and into the future.


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There Are Still So Many Russian Secrets Waiting to Leak Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=11104"><span class="small">Charles Pierce, Esquire</span></a>   
Wednesday, 30 August 2017 08:30

Pierce writes: "At this point, the biggest threat to Robert Mueller's investigation is not that Mueller might get fired, but that all his support staff will die crippled with carpal tunnel syndrome."

Felix Sater and Donald Trump. (photo: Getty Images)
Felix Sater and Donald Trump. (photo: Getty Images)


There Are Still So Many Russian Secrets Waiting to Leak

By Charles Pierce, Esquire

30 August 17

 

h, Felix Sater. Summon for us all The Volga Bagmen.

Sit down now, all of you, because this news may be coming as something of a shock. A few weeks back, the gang at Josh's joint went long on a profile of the Trump Organization's dealings with Sater, whom the president* claimed he barely knew. Sater is a Russian-American from Brooklyn who once stabbed a dude in the eye with a margarita glass. He has been careful to keep the record clear on what happened there.

"Yes, I got into a bar fight. Yes, the instance at which I hit the man with the margarita glass…" he broke off. "I didn't break it and try to carve my initials into his face. It was a bar fight. That's all it was. I made the mistake of going to court, lost, went to jail over it, got involved in a dirty, scammy Wall Street deal [with former Gruntal colleague Salvatore Lauria]. I did."

He's spent his entire career in the shadowy netherworld of politics and money, with an occasional sidetrip into the shadowy netherworld of the international intelligence trade. Trump continued to have a relationship with this guy, and now The Washington Post has brought Sater back to center stage and, here's where you may have to sit down again, the story indicates that the president* may not be an entirely honest fellow.

As part of the discussions, a Russian-born real estate developer urged Trump to come to Moscow to tout the proposal and suggested that he could get President Vladimir Putin to say "great things" about Trump, according to several people who have been briefed on his correspondence. The developer, Felix Sater, predicted in a November 2015 email that he and Trump Organization leaders would soon be celebrating — both one of the biggest residential projects in real estate history and Donald Trump's election as president, according to two of the people with knowledge of the exchange. Sater wrote to Trump Organization Executive Vice President Michael Cohen "something to the effect of, 'Can you believe two guys from Brooklyn are going to elect a president?'" said one person briefed on the email exchange. Sater emigrated from what was then the Soviet Union when he was 6 and grew up in Brooklyn.

Nevertheless, the details of the deal, which have not previously been disclosed, provide evidence that Trump's business was actively pursuing significant commercial interests in Russia at the same time he was campaigning to be president — and in a position to determine U.S.-Russia relations. The new details from the emails, which are scheduled to be turned over to congressional investigators soon, also point to the likelihood of additional contacts between Russia-connected individuals and Trump associates during his presidential bid.

And, on Monday, The New York Times added another detail that is…how you say?...tres piquant.

"I will get Putin on this program and we will get Donald elected," Sater wrote on Nov. 3, 2015, almost exactly a year before Election Day. "Our boy can become president of the USA and we can engineer it. I will get all of Putin's team to buy in on this, I will manage this process."

So much of what the president* has said about his relationship with this guy has been a lie because everything the president* has said about his business dealings in Russia has been a lie. There's so much of it now, and we're only seeing the drip-drip-drip details that are leaking out piecemeal. This is where I become almost convinced that the key to this presidency* is that nobody, including the president* himself, ever thought he'd win. He could continue to do business with shady characters because, after November, who really would care? Now, he knows what's out there and he's really stuck. At this point, the biggest threat to Robert Mueller's investigation is not that Mueller might get fired, but that all his support staff will die crippled with carpal tunnel syndrome.


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