Remember when President Donald Trump promised middle class Americans “huge tax returns?” Remember how seemingly thrilled many people were that first year, in 2017, when they actually got a little extra spending money? Remember how we spent it (as an aside, my tax return actually decreased that first year, but this is not an individual narrative)? Oh, did we ever piss those few extra dollars away! We felt like we’d found a stuffed wallet in a parking lot that we never once considered turning in. There was that moment of being flush. Some people–I saw this–some people took to social media (the only way we believe we have to converse with the entire world)–to thank Lord Jesus for Donald Trump, granting them a few hundred dollars to make their summers extra special.
Of course if we compare such a pay-off to a similar practice in business, this is called a bribe. A pay-off. Hush money. Even a threat. Share-holders in corporations are given boosts in stock prices, or double the shares as a provision of selling off some of their property. In this way, it is assumed, every side profits–the sellers with their extra cash, and the owners with increased dominance over the market. This is a practice that Donald Trump knows well, conning people into thinking they are better off when all that has really been accomplished is theft.
Listen to the complaints coming from many of those same people who praised Jesus last year for eight hundred dollars, or so. Now they wonder where all that money went. Things seem to have changed, despite the fact that the President claims that everything is even better. And did that government shut down hurt us? Will we get paid at all? Who do we blame? Trump, as always, is ready with excuses–Democrats! Socialists! Mexicans! No Wall! We need protection! Save us from what is keeping us from another giant refund!
Of course the Democrats are hardly the solution either. In no way am I making an equation between the two parties either, calling one more evil than the other. But I am also not saying that they are equally to blame. While the Democrats creak and caw about the serious problems the Trump tax plan has imposed upon America, trying to offer their futile solutions, the Republicans, chained beneath the dark lord who has somehow conquered their party, claim increasingly irrational things, attempting to cause within their constituents the same sort of fear over their jobs that Congress is suffering over their own, ignoring the fact that most people do not have a successful law career to return to.
This second year of the Trump tax plan was never meant to offer much. In fact, had the administration’s plans gone exactly as intended, we would be getting even less. Most of that money would have been shifted into government projects (similar, in fact, to the way tyrannical Communist governments operated). But the frustrations Donald Trump is experiencing upon realization that he does not actually control the American government is finally coming home. He is just very lucky he has an inept opposition to blame for these problems of his own creation.
Next year there will hardly be anything like a tax refund. More and more of us will be forced to pay. We will pay for vanity projects and security concerns that have been hammered into our heads as mantras by a state run media (take whichever side you want–any agenda-based media is poisonous to society. “Fake news” isn’t really fake in the sense that it is false. It is strictly opinions that people honestly believe, if not from the moment that the rumors are started, then at least as an after-effect of such paranoia catching on. If someone believes something that is not true, this does not make the fact that they believe such nonsense into a lie.) If anyone had read the tax plan all of this would have become very clear. But one side stopped the moment they saw immediate dollar signs, while the other merely picked apart pieces without any valid context. Here, let’s take a look:
- The Trump Tax Plan Is Revenue Neutral
The Trump tax cuts are fully paid for by:
1. Reducing or eliminating most deductions and loopholes available to the very rich.
2. A one-time deemed repatriation of corporate cash held overseas at a significantly discounted
10% tax rate, followed by an end to the deferral of taxes on corporate income earned abroad.
3. Reducing or eliminating corporate loopholes that cater to special interests, as well as
deductions made unnecessary or redundant by the new lower tax rate on corporations and
business income. We will also phase in a reasonable cap on the deductibility of business
This particular opening discusses “eliminating most deductions and loopholes available to the very rich,” while, at the same time, “reducing or eliminating corporate loopholes that cater to special interests, as well as deductions made unnecessary or redundant by the new lower tax rates on corporations and business income.” There is also a “repatriation of corporate cash held overseas.” And this very confusing nexus displays a remarkable hypocrisy. It says, to translate–“Hey! Rich guy! Quit trying to cheat on your taxes! You don’t need to any more! Not only will we help you out, but you can bring back some of your overseas shell funds that you robbed out of your business and get a one-time low tax rate on it! Then we can break the influence of the outside interests on us, re-invest our stolen money, and make even more for ourselves next year!”
- Too many companies – from great American brands to innovative startups – are leaving
America, either directly or through corporate inversions. The Democrats want to outlaw
inversions, but that will never work. Companies leaving is not the disease, it is the symptom.
Politicians in Washington have let America fall from the best corporate tax rate in the
industrialized world in the 1980’s (thanks to Ronald Reagan) to the worst rate in the
industrialized world. That is unacceptable. Under the Trump plan, America will compete with
the world and win by cutting the corporate tax rate to 15%, taking our rate from one of the worst
to one of the best.
This lower tax rate cannot be for big business alone; it needs to help the small businesses that are
the true engine of our economy. Right now, freelancers, sole proprietors, unincorporated small
businesses and pass-through entities are taxed at the high personal income tax rates. This
treatment stifles small businesses. It also stifles tax reform because efforts to reduce loopholes
and deductions available to the very rich and special interests end up hitting small businesses and
job creators as well. The Trump plan addresses this challenge head on with a new business
income tax rate within the personal income tax code that matches the 15% corporate tax rate to
help these businesses, entrepreneurs and freelancers grow and prosper.
These lower rates will provide a tremendous stimulus for the economy – significant GDP
growth, a huge number of new jobs and an increase in after-tax wages for workers.
This whole fragment is intentionally deceptive. Having read this proposal we can see, beyond the unnecessary partisan drivel that is for some reason inserted into an actual plan, as well as the churlish reference to Ronald Reagan to get at the heart-strings of those who have no idea what this proposal is planning, that it is all once more about corporate identity. The whole section talking about the help intended for small business is nonsense. Look at the world around you–the Wal-Mart, Amazonized universe of American economy. How are those small businesses doing? How many discount chains keep going out of business, and brick-and-mortar establishments crumble to dust? Could it be that all these new jobs will be for those people once their ambitions fail, and they are reduced to working for those which destroyed them? Make no mistake–these lower tax rates are for the corporate giants, encouraging them to devour more and more of the marketplace, leaving nothing left over for the little guy to make a modest living.
Fascism is not Nazism, or racism. No, fascism, by its original ideology, is about the absolute corporate control of a nation, where all the people are cogs in the machine to make the system work. It is for the profit of the elite sitting in the board room. If the workers are treated well, then the business is running as the bosses intend. If there are problems, it is the workers’ fault, and they will be punished until the ideal profits and ambitions of the boss are realized.
One of the primary reasons that the United States of America was founded was because rich merchants were tired of paying all their money to foreign corporations. This is not the crown I am talking about, but the East Indian Tea Company, who demanded payment for anyone selling any tea, anywhere. These greedy industrialists in the US protested, paid for militias, and helped inspire a war, lying to the everyday people that it was in the name of freedom. Sure, plenty of people–even the truly patriotic among the elite–believed in the idea. But, after the war, and with the establishment of the new nation, the whole revolution became economized, turned into a flow chart of profit margins and acceptable losses. And ever since the nation has been struggling to overcome this corporate control.
The current tax plan, begun with a bribe, continuing with anger and fear, will quite possibly end in a new revolution, the greedy trying once more to take back what they believe always should have been theirs, and the greedy in possession of it making new laws to tell you why it was never yours in the first place. It has never been about us, we ‘common people.’ The government has never cared about you, or your wallets, nor your individual rights. We are unimportant corporate shareholders that the big guys will do anything to completely buy out.