taxes-wealthy

Trump Raises an Army

When asked about pardoning former Arizona sheriff Joe Arpaio as Harvey was making landfall, Trump responded:

“Actually, in the middle of a hurricane, even though it was a Friday evening, I assumed the ratings would be far higher than they would be normally.”

.. Trump and the people who either shield or support him are locked in a relationship of reciprocation, like a ball of snakes. Everyone is using everyone else.

The oligarchs see Trump as a pathway to slashing regulations and cutting taxes for the rich. According to a July analysis by the Tax Policy Center, “Nearly 40 percent of the tax cut would flow to households in the top 1 percent of the income distribution, giving those earners an average annual tax cut of around $270,000.”

Establishment Republicans see him as a path to reversing the New Deal.

Steve Bannon-ists see him as a path to the “deconstruction of the administrative state.”

All Republicans, but particularly the religious right, see him as a securer of conservative Supreme Court justices.

The blue-collar Trump voters view him as a last chance to breathe life into the dying dream that waning industries and government-supported white cultural assurances can be revived.

And the white nationalists, white supremacists, racists and Nazis — to the degree that they can be separated from the others — see him as a tool of vengeance and as an instrument of their defense.

Trump sees all these people who want to use him, and he’s using them right back. Trump made an industry out of selling conspicuous consumption. He sold the ideas that greed was good, luxury was aspirational and indulgence was innocent.

Trump’s supporters see him as vector; he sees them as market.

.. Marketing is how he has made his money and attained his infamy. That is why he is so obsessed with the media and crowds and polls (at least when he was doing well in them): He sees people, in his die-hard base at least, who have thoroughly bought into the product of Trumpism and he is doing everything to please them and make them repeat customers.

.. But in addition, and perhaps more sinisterly, I think that Trump is raising an army, whether or not he would describe it as such, and whether or not those being involved recognize their own conscription. This is not a traditional army, but it is an army no less.

.. How do you raise an army?

You do that by dividing America into tribes and, as “president,” aligning yourself with the most extreme tribe, all the while promoting militarization among people who support you.

You do it by worshiping military figures and talking in militaristic terms.

.. You cozy up to police unions and encourage police brutality.

.. You do this by rescinding Obama-era limits on the militarization of police departments

.. You do this by defending armed white nationalists and Nazis in Charlottesville.

You do this by defending monuments of Confederates who fought to preserve the noxious institution of slavery, and you do it by tweeting the coded language of white supremacists: “Sad to see the history and culture of our great country being ripped apart with the removal of our beautiful statues and monuments.”

.. You do this by pardoning Arpaio, a man who joked about an Arizona jail being a “concentration camp,” signaling to people that racist brutality is permissible.

You also do this by attempting to reduce or marginalize populations of people opposed to you: Build a wall, return to failed drug policies that helped fuel mass incarceration, ban Muslims, curb even legal immigration, increase immigration arrests.

And why raise this army?

.. Should something emerge from the Robert Mueller investigation

.. Trump wants to position any attempt to remove him as a political coup. His efforts to delegitimize the press are all part of this because one day the press may have to deliver ruinous news.

.. Trump is playing an endgame. In the best-case scenario, these die-hards are future customers; in the worst, they are future confederates.

.. Trump is playing an endgame. In the best-case scenario, these die-hards are future customers; in the worst, they are future confederates.

Comment:

I too believe that Trump would not accept being removed from office — or even voted out. If he could brazenly declare Clinton’s popular victory of nearly 3 million votes to be mere fraud, then he will certainly brush aside any effort to neutralize him in 2018 or replace him out in 2020. I often (masochistically) survey right wing sites, and some post about the very scenario that Mr. Blow fears: they revere Trump with a near-religious loyalty that includes using their weapons in his service. As they frequently boast, they “outgun the liberals” and, with the military training that they also tout, the anti-Trump forces wouldn’t stand a chance, they declare. Some seem eager for armed conflict. They seem to think that the military itself would back Trump in such a struggle. They consider Trump adversaries to be so dangerous that they must be “militarily” conquered in order to save the country. It’s a concern when people speak this openly and fearlessly.

Republicans slip into a ‘predictable spiral’

Trump and Republicans have given clear signs they are moving away from tax reform (a simplification of the tax code that doesn’t necessarily reduce revenue) toward all-out tax cuts, financed by deficit spending.

.. Trump, who came to power promising to eliminate the $20 trillion debt, or at least to cut it in half, is poised to oversee an exponential increase in that debt. Republicans, who came to power with demands that Washington tackle the debt problem, could wind up doing at least as much damage to the nation’s finances as the Democrats did.

.. There is no way to pass a comprehensive tax-reform plan of the sort Ronald Reagan secured — a simplified code, lower rates and closed loopholes — without bipartisan support. And Democrats want tax reform that doesn’t add to the deficit and doesn’t benefit the wealthiest 1 percent of households.But Republicans could pass a simple, deficit-mushrooming tax cut without Democratic support.

.. Treasury Secretary Steven Mnuchin and chief economic adviser Gary Cohn have not been reaching out to Democrats

.. Mitch McConnell has indicated he plans to use the same “reconciliation” resolution he used on the failed attempt to repeal Obamacare to allow for a party-line vote on a tax cut. That process would nominally prevent Republicans from ballooning the deficit — but they could avoid such concerns by using the well-worn gimmick of having the tax cut expire before 10 years.

.. Then, a debt-limit increase, possibly secured with promises to spend more money on defense (which would buy GOP votes) and domestic priorities (for Democratic votes). Next, a spending deal that busts previously agreed budget caps by allowing an extra $70 billion or so for an “Overseas Contingency Operations” slush fund. Eventually, a reckless tax cut doesn’t seem so crazy — particularly with midterm elections looming and no accomplishments to show.

The Finance 202: Here’s how Louise Linton could change the tax debate

Linton set off a firestorm Monday when she posted a shot of herself stepping off a government plane in Kentucky ahead of her husband, Treasury Secretary Steven Mnuchin. The photo showed her draped in luxury brands, which she proceeded to name in a caption and tag in the image. Since Linton’s account was public, a stranger — an Oregon mother of three named Jennifer Miller – was able to comment on the post, writing, “Glad we could pay for your little getaway.” Linton turned what was already likely a PR headache into a full-blown migraine by snapping back:

“Aww!!! Did you think this was a personal trip?! Adorable! Do you think the US govt paid for our honeymoon or personal travel?! Lololol. Have you given more to the economy than me and my husband? Either as an individual earner in taxes OR in self sacrifice to your country? I’m pretty sure we paid more taxes toward our day ‘trip’ than you did. Pretty sure the amount we sacrifice per year is a lot more than you’d be willing to sacrifice if the choice was yours. You’re adorably out of touch. Thanks for the passive aggressive nasty comment… Go chill out and watch the new game of thrones. It’s fab!”

Schumer’s ‘Compromise’: No Tax Cuts

Senate Democrats save negotiating time by ruling out everything not on their agenda.

the top one percent of income earners pay more than 39% of income taxes, and the top 5% pay nearly 60%.

In 2014, the top 1 percent of taxpayers accounted for more income taxes paid than the bottom 90 percent combined. The top 1 percent of taxpayers paid $543 billion, or 39.48 percent of all income taxes, while the bottom 90 percent paid $400 billion, or 29.12 percent of all income taxes.

.. the top quarter of income earners, which is perhaps a reasonable definition of the “upper class,” pay nearly 87% of federal income taxes. If the party’s most hysterical class warriors want to rule out relief for the top half of U.S. income earners, then they’re talking about the group paying more than 97% of income taxes.