Tuesday, October 4, 2016

AMERICA'S DRIFT TO REVOLUTION WILL PASS THROUGH TRUMP'S MANSION DOORS! - DONALD TTrump’s taxes: Capitalist corruption and class privilege




Fighting back Wall Street’s Looting and Rule



 “Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.” ---- Karen McQuillan THE AMERICAN THINKER.com

"But the Clintons personify this corruption just as much as Trump, even if they made use of a different mechanism and on a somewhat smaller scale. They amassed a fortune exceeding $150 million in the decade after Bill Clinton left the White House, mainly through six-figure fees for addressing corporate and Wall Street audiences. Barack Obama will shortly take a similar path, reaping his reward from the financial aristocracy whose interests he safeguarded so assiduously over the past eight years."

"According to a Reuters report in April 2016, one-fifth of all 

large, profitable corporations paid no income tax at all in 

2012, the last year for which figures were then available, and 

the average tax rate paid by profitable corporations was 14 

percent, even though the nominal corporate income tax rate 

is 35 percent."

Trump’s taxes: Capitalist corruption and class privilege

Trump’s taxes: Capitalist corruption and class privilege

4 October 2016
The three pages from Donald Trump’s tax returns made public in Sunday’s New York Times provide a better insight into the real nature of the capitalist system than all of the speeches, platforms and policy statements produced by the Republican and Democratic parties in the course of the 2016 elections.
The real estate and casino billionaire made use of a tax 

provision that favors the real estate industry to declare paper 

losses of $916 million in 1995, which he could then use to 

offset income up to that amount for tax purposes over the 

next 18 years. A separate provision allowed him to write off 

another $15 million in losses, more than offsetting his entire 

income in the year for which the return was filed.
The Trump campaign did not deny the veracity or accuracy of the Times report, only asserting that the Republican presidential candidate had taken legal deductions and that his tax return was in conformity with the tax laws at the time it was filed.

Exactly: The real crime is not what’s 

illegal, but what is legal.

Billionaires can take advantage of provisions of the tax code 

written to their specifications by their congressmen and 

senators, signed into law by their presidents, invoked for 

their benefit by their paid accountants and tax lawyers, and 

upheld, in the rare cases of a challenge, by federal courts and 

judges who do their bidding.
“The system is rigged,” Trump has said, using the passive voice to obscure the key question: Who rigged it? The billionaires rigged it, working through their agents in the Democratic and Republican parties.
Any worker or small businessman who has 

had to deal with the Internal Revenue Service 

(IRS) knows what happens when a tax return 

is audited or challenged, or deductions are 

disallowed. The IRS mobilizes its agents, 

garnishes wages, seizes property, imposes 

punitive fees and penalties for late payment, 

even drives its unfortunate targets into 

Members of Trump’s class have no fear of IRS audits. Like Trump, they regard such procedures as a mere cost of doing business. They have far more resources than the IRS, an agency that has been deliberately weakened—at least in relationship to the super-rich—over the past several decades.
Billionaires and big corporations routinely claim gigantic deductions or paper losses—Trump’s $916 million in a single year would not be unusual in such circles—with the IRS rubber-stamping the returns. In case of an audit, as Trump’s example shows, the process can drag on for years, with no penalties or other negative consequences.
According to a Reuters report in April 2016, one-fifth of all 

large, profitable corporations paid no income tax at all in 

2012, the last year for which figures were then available, and 

the average tax rate paid by profitable corporations was 14 

percent, even though the nominal corporate income tax rate 

is 35 percent.
A separate report by USA Today found that 27 companies in the Fortune 500 paid no federal income tax for 2015, despite reporting substantial profits, including General Motors, American Airlines, United-Continental Airlines, Loews, Citrix, Towers Watson, Xerox and Level 3 Communications. According to other published studies, thousands of millionaires, including many billionaires, pay no federal income tax because of various accounting gimmicks and maneuvers.
Trump has campaigned as a successful businessman who will use his business 

skills to transform the US economy and the federal government. This is a 

political hoax, as his colossal one-year loss of nearly a billion dollars 

demonstrates. His real expertise is in gaming the system.
Trump built up a huge fortune despite six bankruptcies, countless swindles of subcontractors and gullible small investors—most notoriously, those who paid fees for “education” at Trump University and Trump’s real estate institute—thanks to favorable treatment from subservient politicians and government agencies.
Trump epitomizes the social, political and moral squalor of the capitalist financial elite, which represents a criminal underworld raised to the heights in 21st century America. One of his fellow real estate billionaires, hotel magnate Leona Helmsley, became notorious for the declaration, overheard by a housekeeper: “We don’t pay taxes. Only the little people pay taxes.” Trump shares the same contempt for working people.
Tax evasion by the super-rich has become a way of life over the past 35 years, as the tax laws have been repeatedly revised by the Democrats and Republicans working together, beginning with the bipartisan Reagan tax cuts of 1981 and followed by bipartisan agreements in 1986 and 1990, culminating in the 2001 bipartisan tax cut under George W. Bush.
The creation of tax dodges like LLCs (limited liability companies) has been accompanied by the effective abolition of the estate tax on inherited wealth. Over the course of this period, corporate taxes fell from one-third of federal tax revenues to only 10 percent, while the nominal top tax rate on the wealthiest individuals was cut from 70 percent to 35 percent. The actual rate paid by the rich and the super-rich is even lower.
These changes have been a major factor in the vast concentration of wealth, as documented in the research of economists such as Emmanuel Saez.
While the New York Times and the Clinton campaign treat Trump as an exception, his manipulation of the tax code to amass great wealth is the rule. A whole system of financial parasitism has developed, in which real estate speculation, banking, the stock exchange, hedge funds and offshore tax avoidance form the standard operating procedure for an entire social layer.
A political conflict within the ruling elite has led to a limited exposure of this corruption and filth. The anonymous source who supplied the documents to the Times was no doubt seeking to help the struggling Clinton campaign, as was the Times itself in making the material public on its front page.
But the Clintons personify this corruption 

just as much as Trump, even if they made use 

of a different mechanism and on a somewhat 

smaller scale. They amassed a fortune 

exceeding $150 million in the decade after 

BillClinton left the White House, mainly 

through six-figure fees for addressing 

corporate and Wall Street audiences. Barack 

Obama will shortly take a similar path, 

reaping his reward from the financial 

aristocracy whose interests he safeguarded so

assiduously over the past eight years.

For the working class, the political lesson is clear: the only way to defend its economic interests—for jobs, decent living standards and needed social services—and to put an end to imperialist wars and attacks on democratic rights, is to build a political movement against capitalism. The working class must take the road of political struggle against the profit system, fighting for a socialist program based on the confiscation of the ill-gotten gains of the financial elite and the deployment of the vast resources created by labor to meet social needs, rather than feed private greed.
Patrick Martin





Under Obama-Clintonomics, the rich became VERY rich and we got the tax bills for their bailouts and crimes!


When asked to compare Hillary Clinton to Donald Trump, D'Souza said no contest.  "She is basically Obama plus gangsterism.  The Clintons are like Bonnie and Clyde.  Their goal is to steal America. 


A Hillary victory means there won’t be a departure; merely a doubling-down by the elite, as they act with renewed zest to secure their interests -- versus the national welfare. The Great Imposition -- a war waged on average Americans -- will continue with awful consequences.


“Forget the arrogance and corruption -- $153 million in Clinton family speaking fees from 2001, mainly bribes during her State Department years. Forget the lies, the lies about lies, and the perjury. Forget the security breaches. Forget enabling America’s most prominent sexual predator. Forget the trail of bodies stretching from Little Rock to Benghazi. Forget every scandal from Whitewater to deleted e-mails. Forget all of it.”


You were wondering how many jobs went to illegals and how well Obama’s crony banksters have done???

The sputtering economic recovering under President Obama, the last to follow a major recession, has fallen way short of the average recovery and ranks as the worst since the 1930s Great Depression, according to a new report.

Had the recovery under Obama been the average of the 11 since the Depression, according to the report, family incomes would be $17,000 higher, six million fewer Americans would be in poverty, and there would be six million more jobs.

"These figures present a scathing indictment of the social order that prevails in America, the world’s wealthiest country, whose government proclaims itself to be the globe’s leading democracy. They are just one manifestation of the human toll taken by the vast and all-pervasive inequality and mass poverty
OBAMA-CLINTONOMICS TO SERVE THE SUPER RICH: The slow and painful death of America that dominates American society."



Clinton, in the guise of a “jobs” and “infrastructure” program,

promoted yet another scheme to hand out tax cuts and other 

incentives for companies to hire workers at poverty-level 

wages, with the trade unions brought in to keep the workers 

in line in return for a cut in the spoils.

America’s Looming Economic Armageddon – Can the Rich Get Even Richer During the Meltdown? Haven’t they looted us into bankruptcy?


On behalf of bankster-owned Barack Obama, Yellen vows to the rich and crony banksters that they will be protected and subsidized with no strings bailouts during the next looming economic meltdown around the corner from elections.

“In fact, these policies have already produced financial and asset bubbles that are unsustainable, and there are increasing signs of financial instability and crisis. There are growing warnings that the spread of negative interest rates is leading to a new financial meltdown even worse than the disaster that struck eight years ago.”

"The same period has seen a massive growth of social inequality, with income and wealth concentrated at the very top of American society to an extent not seen since the 1920s."


Build the La Raza Democrat Party base with open borders, no ID to vote Democrat, no E-VERIFY and NO DAMNED LEGAL NEED TO APPLY.
Keeping wages DEPRESSED with endless hordes of looting Mexicans invading keeps these corrupt politicians’ paymasters on Wall Street generous$.

"Republicans should call for lower immigration to stop the Democrat voter recruitment.  But more importantly, all Americans should call for lower immigration in order to offer a better opportunity of finding jobs for those millions of their fellow Americans of all political persuasions who would like to work."

KAINE AND CLINTON-OBAMA’S CRONY BANKSTERS…. Has their golden age of looting America only gotten brighter?

"Between 2009 and 2011, Kaine served as the 

head of the Democratic National Committee, 

the leadership body of the Democratic Party. 

He is close to Wall Street, having recently 

backed measures to deregulate banks."




“Clinton has also stepped up her efforts to woo billionaires who have traditionally supported Republican campaigns on the grounds that she will be a more effective “commander in chief” and defender of the interests of Wall Street.”

 “Our entire crony capitalist system, Democrat and Republican alike, 

has become a kleptocracy approaching par with third-world hell-

holes.  This is the way a great country is raided by its elite.” 

---- Karen McQuillan THE AMERICAN THINKER.com