All Americans are being cheated by diversion

[nitro]

There is a tactic in chess that is at the heart of many other tactics. It is called Decoy. The idea is, a certain other tactical motif doesn't work in the current position. However, through creative forcing moves, you may be able to force a piece to a square where some other deadly blow is possible.

I don't know if the news media are continously NOT covering real issues that affect Americans on a daily basis on purpose for obsfuscation, or because this is how they are able to serve their advertisers "eyes watching" metric. It is really sad.

I'm Sick of The So-Called "News"

I'm sick of the so-called "news" in this country. If you turn on MSNBC or CNN any morning, all you'll hear is the hosts and guests arguing about the latest absurd thing that Donald Trump has said.

...This isn't just me saying this either, I've put this challenge to my radio listeners for the past several weeks: if any listener can find a moment where CNN or MSNBC has hosted a real substantive policy discussion on any significant issue, we'll reward that listener with a copy of one of my books of their choosing.

So, how many books have we given away?

Zero, zilch, none.

It's not because the candidates aren't saying things that are worth serious discussion, it's because the so-called "news" refuses to cover those things...

http://www.thomhartmann.com/blog/2016/08/im-sick-so-called-news

 

[nitro]

What I don't get is, how does Reich explain that Trump basically doesn't pay any income tax now anyway? GE doesn't pay any income tax? Who the hell is paying all these taxes? It sure isn't the wealthy since they loophole them away.

Why Either Trump’s and Cruz’s Tax Plans Would Be the Largest Redistributions to the Rich in American History

http://robertreich.org/post/141444893405

 

[nitro]

This is what Kudlow, one of Trumps advisers, says on Hilarys' tax plan

Insanity once more: The Hillary Clinton economic plan

Doing the same thing over and over again and expecting different results, when in fact the results never change, is one definition of insanity. That definition works for economic insanity, too.

Over the past seven-and-a-half years, President Obama has maintained a steady course of burdensome new regulations, significant tax increases, and massive federal spending on so-called infrastructure. He has unconstitutionally ordered executive actions, favored labor over business, attacked banks, insulted successful corporate leaders, and backed federal-government mandates on business.

And with all this, strong economic recovery from a deep recession -- which has been an American tradition -- never came to pass.

A recent Wall Street Journal news headline proclaimed: "The Worst Expansion Since World War II." The story noted that this lackluster economic expansion is actually getting weaker.

Another recent Journal headline asserted: "Productivity Slump Threatens Economy's Long-Term Growth." The story noted that output per hour is experiencing the longest losing streak since 1979. The U-6 underemployment rate stands twice as high as the traditional unemployment (U-3) rate.

Yet Obama has continued to do the same thing over and over again.

And now comes Hillary Clinton's economic plan, which will deliver more stagnant growth, falling wages, dropping productivity, and depressed investment.

Her program would raise taxes on so-called rich people, corporations, capital gains, death, and stock transactions. She would spend massively on infrastructure and again mandate rules for private businesses. Remarkably, she has no corporate tax reform (even Obama had a plan) to revive corporate investment and boost productivity, wages, and living standards.

Now here's the question: By repeating Obama's policies, how does she expect the economy to do any better than it did during Obama's presidency?

She doesn't.

Clinton's goal is not economic growth, but reducing inequality and social injustice in the name of "fairness." But she never tells us what "fair" means, although we know it's code for higher taxes and larger government.

http://www.cnbc.com/2016/08/12/insanity-once-more-the-hillary-clinton-economic-plan.html

 

[nitro]

Why aren't these guys that advising Trump and Clinton in the debates? Instead of having a one-on-one debate by the presidential candidates, why isn't there a debate where all the key advisers of each party are also on stage debating each other?

Most of these politicians are morons. The real brains behind their policies are who they chose to run them. Why don't we hear from them?

Even if they aren't chosen to the jobs, why aren't these people invited to a debate stage on CNN townhall? Reich vs Kudlow. Instead we get endless politicians that do nothing but study political "science".

Seriously?

 

[nitro]

 

[nitro]

This asshole says he won't repatriate until there is a fair tax rate. In fact, the US has one of the lowest tax rates in the world after their accountants scour all the deductions.

Where do they get all these assholes anyway? This moron probably has six copies of The Fountainhead and Atlas Shrugged in his bathroom when he is taking a shit.


GAO: U.S. corporations pay average effective tax rate of 12.6%

Apple CEO Tim Cook testifies before senators last month on the company's tax strategies. A congressional report released last month said the tech giant used a complex system of international subsidiaries and tax avoidance efforts to shift at least $74 billion out of the reach of the IRS between 2009 and 2012.

U.S. companies face the highest official corporate tax rate in the world. But there's a big difference between the rates set out by law and the cash that's actually collected.

Large, profitable U.S. corporations paid an average effective federal tax rate of 12.6% in 2010, the Government Accountability Office said Monday.

The federal corporate tax rate stands at 35%, and jumps to 39.2% when state rates are taken into account. But thanks to things tax credits, exemptions and offshore tax havens, the actual tax burden of American companies is much lower.

In a report commissioned by Senators Carl Levin (D-Mich.) and Tom Coburn (R.-Okla.), the GAO looked at taxes paid by profitable U.S. corporations with at least $10 million in assets.

Even when foreign, state and local taxes were taken into account, the companies paid only 16.9% of their worldwide income in taxes in 2010.

Coburn said in a statement that the report "underscores the need for comprehensive tax reform."

"An individual's or corporation's tax rate shouldn't be dependent on their ability to hire a tax lobbyist," Coburn said. "It's especially wrong to ask families who are struggling to make ends meet to subsidize special breaks for corporations."

Republicans as well as President Obama have called for a lower statutory corporate rate along with the closing of loopholes. The prospects for such reform appear remote for now, given the fractious nature of the current Congress.

Related: The real reason corporate tax reform is going nowhere fast

The GAO's calculation for effective corporate tax rates is lower than a number of previous estimates. That's in part because the office excluded unprofitable firms, which pay little or no taxes, from its analysis.

Including those firms' losses would reduce the total net income from which the average tax rate is calculated, and would not "accurately represent the tax rate on the profitable corporations that actually pay the tax," the GAO said.

The GAO used figures on taxes paid from actual IRS returns, which it noted were "on the whole, lower than the tax liabilities reported in the corporate financial statements."

U.S. corporate tax collection totaled 2.6% of GDP in 2011, according to the Organization for Economic Cooperation and Development. That was the eleventh lowest in a ranking of 27 wealthy nations.

The Senate's Permanent Subcommittee on Investigations has hauled several corporate executives to Capitol Hill over the past year for testimony on their tax practices.

A report released by the subcommittee last month charged that Apple (AAPL) used a complicated system of international subsidiaries and cost-shifting strategies to avoid paying taxes on some $74 billion in income from 2009 to 2012.

In September, the subcommittee heard from Microsoft(MSFT) and Hewlett-Packard (HPQ), whom Levin called"case studies of how U.S. multinational corporations... exploit the weaknesses in tax and accounting rules and lax enforcement."

A subcommittee report at the time alleged that Microsoft had saved nearly $7 billion off its U.S. tax bill since 2009 by using loopholes to shift profits offshore. H-P, the report said, avoided paying taxes through a series of loans that shifted billions of dollars between two offshore subsidiaries.

http://money.cnn.com/2013/07/01/news/economy/corporate-tax-rate/

 

[futurecurrents]

Kudlow? Is that the best the righties have? The guy is a joke. Of course he is the one advising Trump.

"Her program would raise taxes on so-called rich people, corporations, capital gains, death, and stock transactions. She would spend massively on infrastructure and again mandate rules for private businesses. "

He says this as if it is a bad thing. What? So-called rich people? The ones that have done much better than everyone else over the last thirty years, due to things like capital gains and stock transactions?

"Now here's the question: By repeating Obama's policies, how does she expect the economy to do any better than it did during Obama's presidency?"

Ummm, isn't the economy doing pretty well?

 

[AAAintheBeltway]

This moron probably has six copies of The Fountainhead and Atlas Shrugged in his bathroom when he is taking a shit.

I doubt it. He is a hero to the media because he is the country's most prominent homo and he refused to help the FBI decrypt a muslim terrorist's phone. What a guy.

He defines ordinary as a CEO. Icahn sold his huge AAPL position after a few quarters of dealing with him. He knew they were going nowhere.

 

[nitro]

Kudlow? Is that the best the righties have? The guy is a joke. Of course he is the one advising Trump.

Kudlows' brain is well known to have shrunk from all the cocaine and alcohol that he inhaled. Fruit flies are attracted to shit.

"Her program would raise taxes on so-called rich people, corporations, capital gains, death, and stock transactions. She would spend massively on infrastructure and again mandate rules for private businesses. "

He says this as if it is a bad thing. What? So-called rich people? The ones that have done much better than everyone else over the last thirty years, due to things like capital gains and stock transactions?

These peoples' God on Earth is Ayn Rand. Once you have read her books (it is painful) you understand all these pricks.

"Now here's the question: By repeating Obama's policies, how does she expect the economy to do any better than it did during Obama's presidency?"

Ummm, isn't the economy doing pretty well?

The economy is doing well for people that have been reinventing themselves, or have a nose for money. There are people in this country that don't have these skills. Some complete and total imbecile sold the American people all sorts of things that on paper look great, but in fact are a time bomb waiting to happen for tens of millions of people. There are people that unfortunately do not have the modern skills to pull themselves out of having no job.

The economy is doing well if you have the right skills. The greatest challenge facing this country is how to move forward innovating and creating great businesses, while at the same time having the compassion for those that can't keep up.

 

[futurecurrents]

Kudlows' brain is well known to have shrunk from all the cocaine and alcohol that he inhaled. Fruit flies are attracted to shit.


These peoples' God on Earth is Ayn Rand. Once you have read her books (it is painful) you understand all these pricks.


The economy is doing well for people that have been reinventing themselves, or have a nose for money. There are people in this country that don't have these skills. Some complete and total imbecile sold the American people all sorts of things that on paper look great, but in fact are a time bomb waiting to happen for tens of millions of people. There are people that unfortunately do not have the modern skills to pull themselves out of having no job.

The economy is doing well if you have the right skills. The greatest challenge facing this country is how to move forward innovating and creating great businesses, while at the same time having the compassion for those that can't keep up.

Trump choosing Kudlow to advise him shows that Trump isn't even smart enough to choose the right advisors.

It boggles my mind how the so-called conservative Christians can worship the savage Rand and adopt that philosophy. Do they even know what Jesus preached? And in general, the Democratic platform is far more ethical yet they choose the party of selfishness.

The old industrial rust belt coal country area needs help. Clinton's plan to fund work on infrastructure should help these folks.



Getting back to the OP. Yeah, television media is pathetic. Unsubstantive pablum. For instance, when was the last time we have seen CNN talk about climate change? The reason they don't of course is that they would lose some viewers. The result of this offend no-one strategy is that no-one learns anything either.

And you have to admit, Trump is very entertaining.