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An aristocracy of wealth poses more harm and danger, 2021-12-17 - tax
Voters keep voting for the same old senators who keep 2021-12-12 - tax
How the tax code gets more complicated every time it 2021-11-16 5 - tax
The real crisis facing America - savage unfair criticism 2021-11-11 9 - tax
Unclear on the concept! 2021-11-04 13 - tax
You don't need progressive tax rates. A flat tax 2021-10-24 12 - tax
Who knew that South Dakota was in the same league as 2021-10-03 31 2 1 tax
Fact check - who pays for Biden spending plan? 2021-10-01 10 - tax
A flat tax on income (and wealth and estates) that replaces 2021-09-23 11 - tax
Why there won't be a bipartisan infrastructure bill - GOP 2021-07-08 14 - 1 tax
Of course big companies pay taxes! It's just in 2021-04-04 - tax
It's not necessary to raise taxes - just raise the IRS 2021-03-24 23 2 2 tax
How minority rule works! 2021-03-21 18 - tax
Universal Basic Income and Flat Tax 2021-03-19 13 - tax

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UPDATED Tue Jul 30 05:07:23 PM PDT 2024

==========


An aristocracy of wealth poses more harm and danger,
than benefit, to society.

-- Thomas Jefferson, 1821

There are those who believe that, if you will only
legislate to make the well-to-do prosperous, their
prosperity will leak through on those below.  The
Democratic idea, however, has been that if you legislate
to make the masses prosperous, their prosperity will find
its way up through every class which rests upon them.

-- William Jennings Bryan, 1896

The wealthy establishment which the old Jefferson foresaw
and the young Bryan railed against doesn't take those ideas
lying down.   They subscribe to social Darwinism and what
could be called Jobs-Friends-ism -

 https://www.political-scrapbook.net/theory.html#political%20ideology%20for%20the%20masses

And they have found ways to bypass income and estate taxes
to create a hereditary nobility just as Jefferson feared.

 https://www.propublica.org/article/the-great-inheritors-how-three-families-shielded-their-fortunes-from-taxes-for-generations

How can a tiny minority rewrite the tax code to their
benefit in a democracy?      By making sure that huge
sums of money are required to run for political office,
especially for the U.S. Senate.  And making sure that
unlimited dark money gets to candidates who will  make sure
that unlimited dark tax avoidance and evasion techniques
remain available to their donors.

 https://www.one-flat-tax.net/

 https://www.political-scrapbook.net/2020-ubi.html

And once again the Senate has been the graveyard of tax
reform in BBB.    GOP senators are almost all complicit,
and many Democrats as well, and not just the obvious
suspects Manchin and Sinema.

#PS1tax

 https://www.propublica.org/article/the-great-inheritors-how-three-families-shielded-their-fortunes-from-taxes-for-generations

=====

impact 0
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posted 2021-12-17
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title An aristocracy of wealth poses more harm and danger,
topic tax
wordrate 0
words 224
epoch Lifetime
ID 1562070974137416
pageid 534332363577954
pagename "Political scrapbook"
posted "12/17/2021 21:12"
title "The Great Inheritors: How Three Families Shielded Their Fortunes From Taxes for Generations"
type Link
URL https://www.facebook.com/politicalscrapbooknet/posts/1562070974137416

==========


Voters keep voting for the same old senators who keep
voting for the same old tax anti-simplifications to benefit
the same old donors.

 https://www.one-flat-tax.net/

So how do billionaires keep avoiding taxes?     Cheating is
important - so they're against funding IRS enforcement.
Secrecy is important - so they don't want anybody else
looking at their tax returns.   Investing in senators
is important - so they're against any kind of campaign
finance reform.

And finally - disinformation is important, to get people
who would not be affected to fight for them for free.

 https://www.nytimes.com/2021/12/10/us/politics/taxing-the-rich.html

#PS1tax

=====

impact 0
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posted 2021-12-12
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title Voters keep voting for the same old senators who keep
topic tax
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ID 1558591191152061
pageid 534332363577954
pagename "Political scrapbook"
posted "12/12/2021 21:12"
title "Rift Between Senator and Son Shows the Challenge of Taxing the Ultrarich"
type Link
URL https://www.facebook.com/politicalscrapbooknet/posts/1558591191152061

==========


How the tax code gets more complicated every time it
gets simplified.

 https://www.one-flat-tax.net/

Democratic legislators also feel the heat from major donors
who don't like to pay taxes.

 https://www.washingtonpost.com/business/2021/11/16/second-biggest-program-democrats-budget-gives-billions-rich/

You could make a logical argument for deducting all state
and local taxes, or for deducting none.     But these odd
up-and-down SALT caps are pure political sausage making
in plain view.     The first one was a GOP idea to punish
blue states as part of its 2017 billionaire tax relief.

But it's a concession to the very narrow margins for
passage of BBB in the House as well as the Senate.
Everybody's got their hands on the emergency stop cord
and it will be a miracle if nobody pulls on it long enough
for a bill to pass.

#PS1tax

=====

impact 0
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posted 2021-11-16
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title How the tax code gets more complicated every time it
topic tax
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posted "11/16/2021 23:11"
reach 5
title "The second-biggest program in the Democrats’ spending plan gives billions to the rich"
type Link
URL https://www.facebook.com/politicalscrapbooknet/posts/1541364242874756

==========


The real crisis facing America - savage unfair criticism
of the job-creating billionaire class!

 https://www.washingtonpost.com/opinions/2021/11/10/elon-musk-once-again-proves-need-billionaire-tax/

 https://www.latimes.com/business/story/2021-11-08/elon-musk-proves-why-a-billionaires-tax-is-needed

Polls show almost all voters favor increasing taxes on
the job-creating billionaire class!    That would ruin
minority rule of a hereditary nobility!

 https://www.political-scrapbook.net/2020-minority.html

So the only thing standing between America and ruin is
a few senators willing to accept unlimited dark campaign
money from the poor hard-working victims IN the billionaire
class!

 https://www.washingtonpost.com/us-policy/2021/11/11/billionaire-tax-democrats-wyden/

As for the victims OF the billionaire class, they're mostly
lazy bums who should just work harder so they can join the
billionaire class.     If they happen to win the lottery.
Then they'd want to preserve minority rule!

There's lots of ideas about how to increase tax fairness -

 https://www.one-flat-tax.net/

 https://www.political-scrapbook.net/2020-ubi.html

But they never get very far in the Senate.

#PS1tax

 https://www.washingtonpost.com/opinions/2021/11/10/elon-musk-once-again-proves-need-billionaire-tax/

=====

impact 0
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posted 2021-11-11
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title The real crisis facing America - savage unfair criticism
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posted "11/11/2021 09:11"
reach 9
title "Opinion | Elon Musk once again proves the need for a billionaire tax"
type Link
URL https://www.facebook.com/politicalscrapbooknet/posts/1537554293255751

==========


Unclear on the concept!

Henry Olsen must be a traditional conservative ideologue.
He doesn't get that the modern Trumpist Dixiecrat GOP
exists to protect and extend minority rule.

 https://www.political-scrapbook.net/2020-minority.html

GOP donors will make sure that none of Olsen's ideas get
any  GOP support in Congress.

 https://www.washingtonpost.com/opinions/2021/11/04/here-are-some-proposals-that-republicans-can-embrace-tax-rich/

#PS1tax

=====

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posted 2021-11-04
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title Unclear on the concept!
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posted "11/04/2021 18:11"
reach 13
title "Opinion | Here are some proposals that Republicans can embrace to tax the rich"
type Link
URL https://www.facebook.com/politicalscrapbooknet/posts/1533022437042270

==========


You don't need progressive tax rates.      A flat tax
uniformly applied would be far more progressive than
anything in our current system.

 https://www.one-flat-tax.net/

But the Dixiecrat GOP firmly believes taxes are for poor
people, to finance legislative benefits for major donors.

 https://www.nytimes.com/2021/10/24/opinion/republicans-tax-evasion.html

That's a fundamental tenet of minority rule.     Who ever
heard of a hereditary nobility that paid taxes?

 https://www.political-scrapbook.net/2020-minority.html

#PS1tax

 https://www.nytimes.com/2021/10/24/opinion/republicans-tax-evasion.html

=====

impact 0
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posted 2021-10-24
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title You don't need progressive tax rates. A flat tax
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posted "10/24/2021 10:10"
reach 12
title "Opinion | The Rotten Core of the Republican Party"
type Link
URL https://www.facebook.com/politicalscrapbooknet/posts/1525158921161955

==========


Who knew that South Dakota was in the same league as
Florida or Belize?     Or Tony Blair as King Abdullah?

All about offshore accounts -

 https://www.washingtonpost.com/business/2021/10/03/offshore-companies-trusts-pandora-papers/

All about the Pandora Papers -

 https://www.washingtonpost.com/business/interactive/2021/pandora-papers-offshore-finance/

 https://apnews.com/article/entertainment-business-religion-media-jordan-67b2674fc44fa543df49dfc8f52e29cd

Now we see why the GOP major donors, and their senators,
are so desperate to keep the IRS emasculated and focused
on EITC small potatoes.

Big shots don't like this kind of exposure.      Putin
blamed Hillary Clinton for the Panama Papers, and that
led to his interference in the 2016 election and Trump's
election by 78,000 votes.

 https://www.washingtonpost.com/news/worldviews/wp/2017/08/28/putin-saw-the-panama-papers-as-a-personal-attack-and-may-have-wanted-revenge-russian-authors-say/

It also helped that Putin could see that Trump would be
a very useful idiot.

As for South Dakota - SOMEbody must be paying for Kristi
Noem's presidential ambitions!

#PS1tax

 https://apnews.com/article/entertainment-business-religion-media-jordan-67b2674fc44fa543df49dfc8f52e29cd

=====

impact 35
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posted 2021-10-03
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posted "10/03/2021 14:10"
reach 31
title "Leaked records open a Pandora box of financial secrets"
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URL https://www.facebook.com/politicalscrapbooknet/posts/1510837985927382

==========


Fact check - who pays for Biden spending plan?

McCarthy's comments require translation from GOP
public-speak-to-voters to private-speak-to-donors.

 https://apnews.com/article/joe-biden-business-ap-fact-check-personal-taxes-congress-ae7ad0e5a1cb575b73933674b5ae74d9

When he says taxes on middle class will  go up, he means
that GOP major corporate donors will attempt to offset tax
increases with lower wages or increase prices.  That's why
we have minimum wages and allow foreign imports.

When he says IRS will invade your privacy, he means that
they will interfere with the tax evasion schemes of major
GOP donors.   GOP prefers to limit IRS audits to EITC,
which only applies to poor people.

#PS1tax

=====

impact 0
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posted 2021-10-01
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title Fact check - who pays for Biden spending plan?
topic tax
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posted "10/01/2021 07:10"
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title "AP FACT CHECK: GOP claim of broken Biden pledge not so clear"
type Link
URL https://www.facebook.com/politicalscrapbooknet/posts/1509249556086225

==========


A flat tax on income (and wealth and estates) that replaces
all other income, sales, and payroll taxes, is the simplest
route to tax equity

 https://www.one-flat-tax.net/

especially combined with universal basic income that
replaces most other safety net and welfare expenditures

 https://www.political-scrapbook.net/2020-ubi.html

Biden has his eyes on the prize

 https://www.nytimes.com/2021/09/23/us/politics/biden-wealthy-tax-rates.html

but even Democrats in Congress are reluctant to tackle
capital gains tax rates or stepped-up basis; instead they
want to restore full deductibility for state and local
taxes -

 https://www.cnbc.com/2021/09/08/moderate-democrats-want-biden-spending-plan-to-eliminate-salt-cap.html

State and local taxes should either be fully deductible
or not at all; most of the benefit goes to the wealthy.

So Democratic donor investments in legislators are paying
off as well as Republican.        Who wants to abolish
carried interest?    Not many.

#PS1tax

 https://www.nytimes.com/2021/09/23/us/politics/biden-wealthy-tax-rates.html

=====

impact 0
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posted 2021-09-23
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title A flat tax on income (and wealth and estates) that replaces
topic tax
wordrate 0
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posted "09/23/2021 14:09"
reach 11
title "In Push to Tax the Rich, White House Spotlights Billionaires’ Tax Rates"
type Link
URL https://www.facebook.com/politicalscrapbooknet/posts/1504018123276035

==========


Why there won't be a bipartisan infrastructure bill - GOP
major donors are against increasing taxes or increasing
IRS funding to collect more taxes -

 https://www.washingtonpost.com/business/2021/07/07/irs-taxes-budget-conservatives/

so there won't be 10 GOP senate votes for infrastructure.

GOP candidates are allowed to TALK populist in public -
as Trump did campaigning in 2015 -

 https://www.one-flat-tax.net/

as long as they assure donors that they will VOTE to
preserve minority rule, as Trump did when he signed
billionaire tax relief in 2017.

 https://www.washingtonpost.com/opinions/2021/07/08/conservative-populists-jd-vance-tax-avoidance/

That's just the way minority rule works.

 https://www.political-scrapbook.net/2020-minority.html

#PS1tax

 https://www.washingtonpost.com/business/2021/07/07/irs-taxes-budget-conservatives/

=====

comments 1
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posted 2021-07-08
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title Why there won't be a bipartisan infrastructure bill - GOP
topic tax
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posted "07/08/2021 09:21:00 AM"
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==========


Of course big companies pay taxes!    It's just in
a different form from you.      They pay their taxes
directly to legislative campaigns via PACs in the form of
dark money investment donations.       If you did that in
a big way too, you too could avoid paying taxes.

 https://www.nytimes.com/2021/04/02/business/economy/zero-corporate-tax.html

It doesn't have to be that way!   The tax code is so
complicated to make it easier for beneficiary legislators
to provide return on investment to their major donors.

 https://www.one-flat-tax.net/

#PS1tax

 https://www.nytimes.com/2021/04/02/business/economy/zero-corporate-tax.html

=====

impact 0
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posted 2021-04-04
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title Of course big companies pay taxes! It's just in
topic tax
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posted "04/04/2021 07:04"
title "No Federal Taxes for Dozens of Big, Profitable Companies"
type Link
URL https://www.facebook.com/politicalscrapbooknet/posts/1387825931561922

==========


It's not necessary to raise taxes - just raise the IRS
audit budget.

 https://equitablegrowth.org/tax-evasion-at-the-top-of-the-u-s-income-distribution-and-how-to-fight-it/

But no GOP major donor likes that idea, so no GOP senator
does either.      Nothing will change as long as filibuster
is in force.

#PS1tax

=====

impact 15
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posted 2021-03-24
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title It's not necessary to raise taxes - just raise the IRS
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==========


How minority rule works!

 https://www.washingtonpost.com/opinions/2021/03/19/we-need-rein-billionaires-start-with-south-dakota/

South Dakota's estate tax laws are top of mind for about 1%
of the 1%.    But do they ever make a difference in whether
rich kids ever have to work for a living!     With bad
effects all over the country and all over the world.

This is entirely within the power of the Federal government
to fix.  But it is entirely within the power of the major
donors to all Republican senators and not a few Democrats
to make sure it never gets fixed.      And we'll never
be sure who is pulling those levers because unlimited
dark campaign money is secret too, and they are equally
determined to keep it that way.        And we'll never
do anything about unlimited dark campaign money either,
as long as filibuster is in place.

 https://www.political-scrapbook.net/democracy.html#corporate%20donations

Getting rid of filibuster and passing the voting
rights acts is key to making progress on just about all
progressive agenda items.  Democrats must not lose this
chance.  Otherwise minority rule forever.

 https://www.political-scrapbook.net/2020-minority.html

Republicans will say they will undo everything Democrats
do next time they are in power, but that will not be as
easy as they hope since, once enacted, many Democratic
programs are so popular with Republican voters.       And
Republicans are rightly scared that they can't retain
power if elections are fair.

Most Republican voters think they are voting against the 1%
elite even though that's exactly backwards.  The 1% intend
to keep those voters misinformed and disinformed with
their multitude of distraction issues.  Extreme wealth and
income inequality are properties of third world countries,
not advanced democracies.  But those democracies have to
take active steps to control inequality.

 https://www.political-scrapbook.net/2020-ubi.html

#PS1tax

 https://www.washingtonpost.com/opinions/2021/03/19/we-need-rein-billionaires-start-with-south-dakota/

=====

impact 0
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posted 2021-03-21
reactrate 0
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title How minority rule works!
topic tax
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ID 1378836679127514
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posted "03/21/2021 02:40:35 PM"
reach 18
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URL https://www.facebook.com/politicalscrapbooknet/posts/1378836679127514

==========


Universal Basic Income and Flat Tax

UBI Highlights

       A fixed flat-taxed monthly income for all American
       voters A tax-free bracket for earned personal
       service income Incentives for states to encourage
       voting rather than suppression Elimination of most
       means-testing benefit programs and their associated
       expensive bureaucracies

Flat Tax Highlights

       A flat tax on all other income, divided between
       Federal and state governments Elimination of
       most other income, sales, payroll, and property
       taxes Elimination of complex tax dodges and their
       associated expensive enablers

A vastly simplified flat tax offers many advantages
over the current labyrinthine structure. Above a certain
fixed amount that is not taxed, all income from whatever
source is taxed at the same rate. The ideal goal would
be a flat tax on discretionary income, but simplicity and
transparency are important aspects of tax policy, so the
zero-bracket amount is fixed.

Andrew Yang and others advocate a Universal Basic Income
for all Americans to address the worst economic uncertainty
and replace many unrelated ad-hoc means-tested assistance
programs, like the covid food line photo above. The
goal is to make sure that all Americans can afford
non-discretionary expenses of survival.

How can these ideas be combined?

Details at

 https://www.political-scrapbook.net/2020-ubi.html

and

 https://www.one-flat-tax.net/

#PS1tax

 https://www.political-scrapbook.net/2020-ubi.html

=====

impact 0
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posted 2021-03-19
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title Universal Basic Income and Flat Tax
topic tax
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ID 1377566365921212
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posted "03/19/2021 05:24:02 PM"
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