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Showing posts from March, 2017

Unfair Tax

UNFAIR TAXES Aside from the healthcare issue, President Trump has repealed the executive order that capped corporate expenses associated with executive parachutes that could be used to off-set corporate income taxes. Under Obama Executive Orders, only the first $500,000 of an executive parachute could be applied to the expense line and thereby reducing corporate income tax. President Trump’s repeal of that rule now allows ALL of an executive parachute to be shown as an expense to the corporation and thereby reduce its tax liability. So, for example, Carrier Tolstedt, the Wells Fargo manager that supervised that whole Well Fargo fraud debacle, got a $125,000,000 parachute. Under Obama executive order only $500,000 of that could be charged off as an expense; under Trump’s executive order the entire $125 million can be charges off as an expense. The average corporate income tax rate is 35% therefore, the tax difference is $175,000 reduction in corporate income tax verses $4,375,000...

Can you define Paranoia

PARANOIA – (noun) - a mental condition characterized by delusions of persecution, unwarranted jealousy, or exaggerated self-importance, typically elaborated into an organized system. It may be an aspect of chronic personality disorder, of drug abuse, or of a serious condition such as schizophrenia in which the person loses touch with reality; suspicion and mistrust of people or their actions without evidence or justification. According to Wikipedia, “ Paranoia is a thought process believed to be heavily influenced by anxiety or fear, often to the point of delusion and irrationality. Paranoid thinking typically includes persecutory, or beliefs of conspiracy concerning a perceived threat towards oneself (e.g. "Everyone is out to get me" ). Paranoia is distinct from phobias, which also involve irrational fear, but usually no blame. Making false accusations and the general distrust of others also frequently accompany paranoia. For example, an incident most people would vi...

Health Care

I am not sure how much people just don’t know how screwed up our country’s health care system is. First and foremost, rich millionaire/billionaires are making more money on the sick and injured which to me seems so un-Christian to say nothing of being immoral. Drug companies charge 300%-400% more than the cost of producing a drug; hospital charge patients without insurance $5,000 for an MRI but only charge the insurance company $2,000; or a hospital charges $17,000 simply to have an Medivac Helicopter land on its helipad. One faith based hospital has made over a billion dollars in profit in just one calendar year! They in fact have so much cash, they have created their own insurance company for their employees and Medicare patients. PLUS their executives get 6 and 7 figure salaries. Now ObamaCare or the Affordable Care Act was not perfect. It had it issues, but people need to understand that addressing a single issue in healthcare does NOT resolve the problem. To bring healthcar...

Trade Way on the Horizon

So, this is how unbridled economic war results on global losers… Ford continues to manufacture cars in Mexico; Trump/GOP imposes a 35% tariff on cars manufactured in Mexico and brought into the US; Ford would have to pay $2.8 BILLION in tariffs; Ford sold approximately 2,610,000 vehicles in 2015. Divide that number into $2.8 BILLIION and each car would increase $1071; Because the 35% tariff would apply to all other car manufacturers, cars made in the United States would have little competition, resulting in an increase in domestically manufactured vehicles (law of supply and demand in a capitalist economy); As prices increase, more and more cars would become financially out of the reach of the middle and lower class citizen. Few car sells result in fewer cars needed to be manufacturer; Fewer cars manufacturer mean fewer employees; Fewer employees mean higher un-employment; Higher employment means cost of other good increase because those that are unable t...

Draining the Swamp

Drain the Swamp? President-Elect Trump promised to “drain the swamp” referring to the political insiders in Washington, DC and, therefore, form a government more main stream to make “American Great Again!” We all know that campaign slogan. But like all politicians – and it doesn’t matter what side of the aisle they are on – they lie and promise the work in order to get your votes. President-Elect has also promised, after the election, to be the President for everyone. Lo and behold, President-Elect Trump has appointed Reince Priebus, Chairman of the Republican National Committee, as his chief of staff; Steve Bannon, President of Breitbart News as his Chief Advisor. On one hand, Priebus represents the established political machine in Washington, DC and rather than drain the swamp, he has added his chief alligator to swamp. Bannon, is no better. As president of Breitbart News, he is behind the racist, homophobic, bigot, anti-Semitic line of rhetoric commonly printed in that “ne...

When is a Duck a Duck

So, here is Trumps promises to the people who elected him. “The Wall” – a build a wall between the US and Mexico and have Mexico pay for it. How likely is this to happen? Oh, the chances are better in winning the lottery then then wall being built. But remember, he did promise the wall and if he doesn’t do it with Mexico paying for it, then it will be just like any other elected official – a lying politician. “Lock Her Up” – of course he is referring to Hillary Clinton and the issue of her email server and destroyed emails. Now this one will be more likely to happen than the wall but it will have the strong smell of “revenge” for all the things said during election campaign. “Muslim Ban” – already this promise has undergone some changes BEFORE Mr. Trump was elected President. So, will this happen? In some form, probably, but not in the form he originally promised, so again getting out of the starting gate, Trump has all the hallmarks of a lying politician. “Repeal Obama...