Trump Tax Cut Hands $32 Billion Windfall to America’s Top Banks
“GREAT” Isn’t it? X-D
i am very sure, the banks will use this money to make this world a better place… or maybe not.
Trump just does EXACTLY the opposite of what Mr Bregman would do – he further increases the gap between rich and poor and thus asks for more social unrest and trouble on the street.
How can the bankers enjoy driving a Ferrari when it is either stuck in a traffic jam or light up on fire by protest?
The most useless parts of society – the financial sector – the bankers – get a tax gifts – while the poor majority will see TAX INCREASES!
The game is: take from the poor – give to the rich – it is basically monetary aristocracy (the fact that some people have more privileges / access to resources than others / own more companies land and resources thus are entitled to more monetary income – even without work)
Don’t get me wrong – i am all in for entrepreneurship – creative ideas that make the everyday life of everybody better – while making a profit.
For example i am all in for: Tesla and SpaceX making a profit WHILE advancing mankind – but i am very much against people who earn money without creating value in any term of that sense and sorry to say – bankers and lawyers usually fall in the later category.
Trump should have given tax gifts to SpaceX and Tesla for creating innovative products that could save mankind from extinction.
But no – why not bail out the banks – once more?
This is simply corruption and exactly the kind of aristocracy that Americans 1776 fought against by gaining their independence from the aristocracy of England and their colony profiteering based on exploitation – and the US was just another colony to England and France and Spain.
So this planet is “just another colony” to Donald Duck Trump and the bankers?
“Wealth and income inequality has reached, as it did then (1920s), a Dimension in which the power of the rich and the blackmail of democratically elected politicians become so great that democracy threatens to become a Farce.
Inequality, the feeling of being systematically left behind, is also a decisive driving force of nationalism, which is experiencing a Renaissance around the globe.
The promise of a globalized economy that gives everyone a fair Chance has not been fulfilled.
In Chile, for example, where neoliberalism was finally implemented for the first time by a brutal dictatorship forty years ago, there is now a Rebellion against injustice that will spread far beyond Latin America.
In an increasingly irrational world with increasingly irrational political leaders, “Old Europe” is secretly celebrating itself as the stronghold of reason.
But this is a grandiose Illusion.
Brussels is without any intellectual leadership at the beginning of the twenties.
Practically all personnel decisions of the past year, the effects of which partly extend to the end of the twenties, were wrong decisions.
Ursula von der Leyen, to name just the most prominent example, is with her standard mechanical communication exactly the opposite of what Europe would need.”
Everyone wants to succeed – everyone wants to be proud on one’s country of birth
…but here comes the ruthless reckoning with Germany.
If you believe me or not: not all Germans are EVIL.
No mercy for Mercedes though.
The old saying goes: “arrogance comes before the fall”.
And Tesla will destroy Mercedes and VW altogether (with their Chinese partners).
This is not the fault of Tesla – but Mercedes and VW – just like Kodak – CEOs too big too stupid too arrogant to change (despite some glimpses of hope? who is to blame? not even Germans know).
The finest engineers can not build electric cars if their CEOs do not want it – at Kodak – some people even SECRETLY started to work on digital cameras – although the CEOs did not want it.
Gasoline cars now last shorter and consume more than ever.
Mercedes, VW and Porsche should invest into electric startups, the big companies just lack innovation so it seems.
All those CEOs that prevented change (Mercedes was pretty ahead with hydrogen cars) should be investigated by secret service and go to prison for:
destruction of jobs and destabilizing Germany
destruction of the “Green Germany” image
destruction of the Climate
fueling of wars in the Middle East and elsewhere (all the oil rich countries, Saudi Arabia and Iran and Venezuela)
being ruthless asholes
Now even more RUTHLESS SELF CRITICS
Back to Flassbeck: “And Germany, the self-proclaimed leading nation, wanders through the Times and firmly believes that it can be a role model for others, because for a few years with its mercantilist policy it has exploited the European Monetary Union at the expense of its neighbours and therefore performed relatively well.”
Hey Flassmen: As i said, not all Germans are evil.
How rapid a transition to renewable energy can take place: Give all people that want to produce their own (solar, wind) energy a 0% loan – and i gurantee you – after only 30 years – 100% of the electricity of USA and Germany will be renewable.
It would be as easy as this, but once more: Lobbyists and “buy-able” politicians (and other dark and evil forces) torpedoing the project.
Germany is now at 50% renewable electricity.
Stuck in the process half way – thanks to lobby and politicians for sale. (just as Flassbeck describes)
Democracy: works only in small countries?
But Germany and the US might have a similar problem, that Switzerland and Iceland don’t have: too big for democracy to work?
After 2008 USA rescued all banks but one (Lehman), Germany rescued ALL BANKS (idiots), Iceland rescued NONE and still survived.
What i am saying is: the smaller the democratic country – the shorter the distance between government and people – the more likely it is the people actually call the shots – which is what democracy is all about.
Education: it is known since ancient Greece, that Democracy only works with educated people.
Without educated people – Democracy is FUCKED
Why do USA AND Germany then CONSTANTLY CUT THEIR EDUCATION BUDGETS? (thus working on the destruction of Democracy)
Because capitalism LOVES DICTATORSHIPS, SLAVE LABOR and rewards reckless people.
back to Flassbeck:
“The basic principles of a truly new way of thinking are easy to understand.
They are largely based on an image of the economy that is fundamentally different from the kindergarten model of the neoliberals and that of Ludwig Erhard.
It is not the market that is in the leading role in the market economy, but the state.
Only the state can take over the control of the system if the private sector, for whatever reasons, no longer spontaneously does so.
The currently observed private investment weakness with simultaneously high profits of the companies is the classic example of this.
Even internationally, new thinking can only mean understanding that competition between nations is a completely wrong approach.
Germany must say goodbye to its ancient mercantilism, which is expressed in high current account surpluses.
This is the most out of time economic model ever.
For Europe, this means formally overriding the rules of the stability and Growth Pact enforced by Germany and replacing them with a modern, well – thought-out macroeconomic concept.
The Federal Chancellor is right that new thinking is also required in the context of the climate crisis.
But again, it goes against a static picture of the economy, where existing companies are in charge with the help of conservative and Liberal parties.”
original Text in German:
“Die Ungleichheit bei Vermögen und Einkommen hat heute wie damals eine Dimension erreicht, bei der die Macht der Reichen und die Erpressbarkeit demokratisch gewählter Politiker so groß werden, dass die Demokratie zur Farce zu werden droht.
Die Ungleichheit, das Gefühl, systematisch abgehängt zu werden, ist auch eine entscheidende Triebfeder des Nationalismus, der rund um den Erdball eine Renaissance erlebt. Die Verheißung einer globalisierten Wirtschaft, die allen eine faire Chance gibt, hat sich nicht erfüllt.
In Chile zum Beispiel, wo der Neoliberalismus von einer brutalen Diktatur vor vierzig Jahren zum ersten Mal in letzter Konsequenz umgesetzt wurde, beginnt jetzt eine Rebellion gegen die Ungerechtigkeit, die weit über Lateinamerika hinaus Kreise ziehen wird.
In einer zunehmend irrationalen Welt mit zunehmend irrationalen politischen Führern feiert sich das „alte Europa“ klammheimlich als Hort der Vernunft.
Doch das ist eine grandiose Illusion.
Brüssel ist zu Beginn der zwanziger Jahre ohne jede intellektuelle Führung.
Praktisch alle Personalentscheidungen des vergangenen Jahres, deren Auswirkungen teilweise bis zum Ende der zwanziger Jahre reichen, waren Fehlentscheidungen.
Ursula von der Leyen, um nur das prominenteste Bespiel zu nennen, ist mit ihrer mechanischen Standardkommunikation genau das Gegenteil dessen, was Europa bräuchte.
Die Grundprinzipien eines wirklich neuen Denkens sind leicht zu verstehen.
Sie orientieren sich weitgehend an einem Bild der Wirtschaft, das sich von dem Kindergartenmodell der Neoliberalen und dem eines Ludwig Erhard fundamental unterscheidet.
Nicht der Markt ist in der Marktwirtschaft in der Führungsrolle, sondern der Staat.
Nur der Staat kann die Steuerung des Systems übernehmen, wenn die Privatwirtschaft das, aus welchen Gründen auch immer, nicht mehr spontan tut.
Die derzeit zu beobachtende private Investitionsschwäche bei gleichzeitig hohen Gewinnen der Unternehmen ist das klassische Beispiel dafür.
Auch international kann neues Denken nur heißen, zu verstehen, dass Wettkampf der Nationen ein völlig verfehlter Ansatz ist.
Deutschland muss Abschied nehmen von seinem Uraltmerkantilismus, der in hohen Leistungsbilanzüberschüssen zum Ausdruck kommt.
Das ist das am meisten aus der Zeit gefallene Wirtschaftsmodell überhaupt.
Für Europa bedeutet das, die von Deutschland durchgesetzten Regeln des Stabilitäts- und Wachstumspaktes auch formal außer Kraft zu setzen und durch eine moderne, gesamtwirtschaftlich durchdachte Konzeption zu ersetzen.
Auch in Sachen Klimakrise, da hat die Bundeskanzlerin Recht, ist neues Denken angesagt.
Aber wiederum geht es dabei gegen ein statisches Bild von Wirtschaft, wo die bestehenden Unternehmen mit Hilfe konservativer und liberaler Parteien das Sagen haben.”
He was state secretary at the Federal Ministry of Finance from 1998 to 1999 and chief economist (Chief of Macroeconomics and Development) at the UNO for World Trade and Development (UNCTAD) in Geneva from January 2003 to the end of 2012.
Did he and Warren figure out, they can’t take it to heaven?
Or is it more like a new year’s pledge? “next year, i will promise to pay more taxes”
okay cynicism and skepticism aside – a lot of CEOs say the government is not setting enough high standards – for companies to abide by – at the same time they pay thousands of lobbyists in Washington, in Brussels, in Berlin to do the exact opposite.
So it’s like: “i want to be good, but i bribe you and you do evil, so how can i be good if you are not good?” (self cheating?)
let’s give am another chance to right the wrong, before they die (hopefully) of natural causes, read the original blog article:
“To solve the problem, Gates said the U.S. government should raise taxes that affect the wealthy.
“I’m for a tax system in which, if you have more money, you pay a higher percentage in taxes. I think the rich should pay more than they currently do, and that includes Melinda and me,” Gates wrote, referring to his wife.
“I don’t see any reason to favor wealth over work the way we do today,” he wrote. It’s “the clearest evidence I’ve seen that the system isn’t fair,” he said.”
welcome their statements – but will believe Bill and Warren when i see it happening.
Hope Bill and Warren invite Mr Bregman to their states and talk about what changes are necessary.
This could also mean: The bank centric debt-based monetary system (almost all currencies) the Dollar and the Euro are on the brink of collapse in value – because billions and trillions were printed in cash by central banks and digital by private banks to get inflation going to devalue the massive amounts of money the super rich have in their bank accounts.
Some are spending it on startups – which is a good thing to do – but probably just a fraction of the super rich.
“While Cuban has called paying taxes “patriotic,” he also suggests founders and owners should distribute stock in the company to employees to bring them into the investor class.
Gates also said in Tuesday’s blog post that the U.S. should have a higher estate tax, which would affect the rich.
“A dynastic system where you can pass vast wealth along to your children is not good for anyone; the next generation doesn’t end up with the same incentive to work hard and contribute to the economy,” Gates said.