Tuesday, January 8, 2019

Unnatural Disaster

Florida has had its share of troubles, but the karmic lesson of reaping what you sow on top of Mother Nature and her visits are becoming a bit much for Trump fans in one part of the Sunshine State.

MARIANNA, Fla. — A federal prison here in Florida’s rural Panhandle lost much of its roof and fence during Hurricane Michael in October, forcing hundreds of inmates to relocate to a facility in Yazoo City, Miss., more than 400 miles away.

Since then, corrections officers have had to commute there to work, a seven-hour drive, for two-week stints. As of this week, thanks to the partial federal government shutdown, they will be doing it without pay — no paychecks and no reimbursement for gas, meals and laundry, expenses that can run hundreds of dollars per trip.

“You add a hurricane, and it’s just too much,” said Mike Vinzant, a 32-year-old guard and the president of the local prison officers’ union.

If nature can be blamed for creating the first financial hardship, the second is the result of the even less predictable whims in Washington: President Trump warned last week that the shutdown might last “months or even years.”

In Florida, where Republicans dominated the November midterms and the state’s only Democratic senator went down in defeat, conservative towns like Marianna — along with farm communities in the South and Midwest, and towns across the country that depend on tourism revenue from scaled-back national parks — will help measure the solidity of public support for Mr. Trump and his decision to wager some of the operations of the federal government on a border wall with Mexico.

Jim Dean, Marianna’s city manager, said he had already been concerned, even before the shutdown, that the hurricane would prompt public agencies to consider reducing their footprint in the region. What if an extended shutdown contributed to keeping the prison closed indefinitely?

“I worry about the government pulling out of rural America,” he said.

It’s easy to gloat and practice saying “schadenfreude” with a particular Germanic tone, especially when you remember that at this stage in the recovery from Hurricane Maria, people in Puerto Rico were still 90% without power and nothing was happening even with the government up and running.  It’s also a reminder that a lot of people who supported Trump are the ones who were so sure that they didn’t need the government hand-outs — bootstraps, everyone! — and those who had their hands out were lazy druggies or worse: immigrants.

I don’t minimize the pain and struggle the folks in Marianna went through after Hurricane Michael; I know hurricanes and they don’t care about politics, and all the best preparation doesn’t stop them.  But the rest of it was easily prevented, both before November 2016 and after when they were so sure that rhetoric and metaphors about mythical walls was the real solution to all their problems.

The shutdown will end at some point, the checks and back pay will come, and given the short attention span of the American electorate, they will probably vote back in the same people who lied and conned them the last time.  They probably know it; rest assured the liars and the con-men are counting on it.

Friday, January 4, 2019

Nice Work If You Can Get It

From the Washington Post:

While many federal workers go without pay and the government is partially shut down, hundreds of senior Trump political appointees are poised to receive annual raises of about $10,000 a year.

The pay raises for Cabinet secretaries, deputy secretaries, top administrators and even Vice President Pence are scheduled to go into effect beginning Jan. 5 without legislation to stop them, according to documents issued by the Office of Personnel Management and experts in federal pay.

The raises appear to be an unintended consequence of the shutdown: When lawmakers failed to pass bills on Dec. 21 to fund multiple federal agencies, they allowed an existing pay freeze to lapse. Congress enacted a law capping pay for top federal executives in 2013 and renewed it each year. The raises will occur because that cap will expire without legislative action by Saturday, allowing raises to kick in that have accumulated over those years but never took effect, starting with paychecks that will be issued next week.

Cabinet secretaries, for example, would be entitled to a jump in annual salary from $199,700 to $210,700. Deputy secretaries would be entitled to a raise from $179,700 to $189,600. Others affected are under secretaries, deputy directors and other top administrators.

The pay of Pence is scheduled to rise from $230,700 to $243,500.

There was no immediate comment Friday by the White House. A spokesperson for Pence also did not immediately provide comment.

The White House will explain it by saying that these people really deserve it because they are working very hard for the American people and that while the optics may be awkward, who can deny that they’ve earned it?  And besides, it’s the Democrats’ fault because they wouldn’t fund the wall… or the fence… or the slats.  Whatever.  Amirite?

And of course the Fox News people will defend it and the drooling base will buy the load of bullshit because America.

Monday, December 31, 2018

Looking Back/Looking Forward

Time for my annual recap and predictions for this year and next.  Let’s look back at how I did a year ago.

  • There will be indictments at a very high level in the administration as the Mueller investigation rumbles on.  Plea bargains and deals will be made and revelations will come forth, and by summer there will be genuine questions about whether or not the administration will survive.  But there won’t be a move to impeach Trump as long as there are Republican majorities in the Congress, and invoking the 25th Amendment is a non-starter.

I’ll give myself a B on that since it was pretty much that way a year ago and the gears of justice grind slowly but irresistibly.  No high-level members of the administration were indicted, but shame and scandal did bring down an impressive number of folks who had hard passes to the West Wing.

  • The Democrats will make great gains in the mid-term elections in November.  This is a safe bet because the party out of power usually does in the first mid-term of new president.  The Democrats will take back the Senate and narrow the gap in the House to the point that Speaker Paul Ryan with either quit or be so powerless that he’s just hanging around to collect pension points.  (No, he will not lose his re-election bid.)

I’ll go with a C on that since I hit the nail on the head in the first sentence; I should have just left it there.  But no; I had it backwards: the House flipped but the GOP still has the Senate, and who knew that Paul Ryan would decide to quit?

  • There will be a vacancy on the Supreme Court, but it won’t happen until after the mid-terms and Trump’s appointment will flail as the Democrats in the Senate block the confirmation on the grounds that the next president gets to choose the replacement.

I’ll take an A- on that since I got the timing wrong, but I think Brett Kavanaugh did a great job of flailing (“I like beer!”) before the Senate Judiciary Committee.  The predator still got on the court, though, and we all hold RBG in the Light for at least another two years.

  • There will be irrefutable proof that the Russians not only meddled in the 2016 U.S. election, but they’ve had a hand in elections in Europe as well and will be a factor in the U.S. mid-terms.  Vladimir Putin will be re-elected, of course.

A+ Duh.

  • Raul Castro will figure out a way to still run Cuba even if he steps down as president, and there will be no lessening of the authoritarian rule.

Another A+, but what did anyone expect?  Trump’s half-assed attempts to restrain trade with Cuba, along with Marco Rubio doing his yapping perrito act, only make it more ironic when it’s the administration’s policy to cozy up to dictators like Putin and the Saudis.  If Trump owned a hotel in Havana he’d be down there in a second sucking up to the regime with video to prove it.

  • The U.S. economy will continue to grow, but there will be dark clouds on the horizon as the deficit grows thanks to the giveaways in the GOP tax bill.  If the GOP engineers cuts to entitlement programs and the number of uninsured for healthcare increases, the strain on the economy will be too much.

I’ll take a B on this since I didn’t factor in tariffs and the trade war(s) he’s launched that led to wild uncertainty in the markets, not to mention Trump’s bashing of the Fed chair that he appointed and told him to do what he’s doing.

  • This “America First” foreign policy will backfire.  All it does is tell our allies “You’re on your own.”  If we ever need them, they’re more likely to turn their backs on us.

I get an A on this because it has and they are.

  • The white supremacist movement will not abate.  Count on seeing more violence against minorities and more mass shootings.

Sadly, a very predictable A on that.

  • A viable Democratic candidate will emerge as a major contender for the 2020 election, and it will most likely be a woman.  Sen. Elizabeth Warren is considered to be the default, but I wouldn’t rule out Sen. Kamala Harris of California or Sen. Kristen Gillibrand of New York just yet.  (Sen. Gillibrand would drive Trump even further around the bend.  She was appointed to the Senate to fill Hillary Clinton’s seat when she became Secretary of State in 2009.)

I get a B on this because it was rather easy to spot and I’m already getting begging e-mails from Ms. Harris.

  • On a personal level, this will be a busy year for my work in theatre with a full production of “All Together Now” opening in March and several other works out there for consideration.  I will also be entering my last full year of employment in my present job (retirement happens in August 2019) but I’ll keep working.

This was a great year for my playwriting with a lot of new friends and opportunities out there and more to come in 2019 (see below).

  • People and fads we never heard about will have their fifteen minutes.

Yep.  I’ve already blocked them out.

Okay, on to the predictions.

  • Barring natural causes or intervention from an outside force, Trump will still be in office on December 31, 2019.  There is no way he will leave voluntarily and even with the House of Representatives in Democratic control and articles of impeachment being drafted they will not get to the Senate floor because the Republicans are either too afraid to rile up the base or they’re too enamored of their own grip on power to care about the government being headed by a poor imitation of a tin-pot banana republic authoritarian douche-canoe.
  • The Mueller Report will be released to Congress and even though it’s supposed to be classified it will be leaked with great fanfare and pundit predictions of the end of the Trump administration with calls for frog-marching him and his minions out of the West Wing.  Despite that, see above.
  • There will be no wall.  There never will be.  Immigration will still be a triggering issue as even more refugees die in U.S. custody.
  • There will be no meaningful changes to gun laws even if the NRA goes broke.  There will be more mass shootings, thoughts and prayers will be offered, and we’ll be told yet again that now is not the time to talk about it.
  • Obamacare will survive its latest challenge because the ruling by the judge in Texas declaring the entire law unconstitutional will be tossed and turned into a case study in law schools everywhere on the topic of exasperatingly stupid reasoning.
  • Roe vs. Wade will still stand.
  • With the Democrats in control of the House, the government will be in permanent gridlock even after they work out some sort of deal to end the current shutdown over the mythological wall.  House Speaker Nancy Pelosi will become the Willie Horton for the GOP base and blamed for everything from budget deficits to the toast falling butter-side down.
  • We will have a pretty good idea who the Democratic front-runner will be in 2020.  I think Sen. Elizabeth Warren’s chances are still good (she announced her exploratory committee as I was writing this), as are Sen. Kamala Harris’s, and don’t count out Sen. Sherrod Brown of Ohio, but who knew that Beto O’Rourke, a charismatic loser in the Texas senate race, would raise a lot of hopes?  That said, fifteen years ago when I started this blog, Howard Dean looked like the guy who was going to beat George W. Bush.
  • The economy will continue with its wild gyrations, pretty much following the gyrations of the mood of Trump and his thumb-driven Twitter-fed economic exhortations.  The tax cuts and the tariffs will land on the backs of the people who provide the income to the government and the deficit will soon be out there beyond the Tesla in outer space.  But unlike that Martian-bound convertible, the economy will come crashing back to Earth (probably about the time I retire in August) and Trump will blame everyone else.
  • There will be a natural event that will convince even skeptics that climate change and sea level rise is real and happening.  Unfortunately, nothing will be done about it even if lots of lives are lost because [spoiler alert] nothing ever is done.
  • I’m going out on a limb here with foreign affairs predictions, but I have a feeling that Brexit will end up in the dustbin of history.
  • Personally, this will be a transition year.  My retirement from Miami-Dade County Public Schools occurs officially on August 31, 2019, and I’m already actively looking for something both meaningful and income-producing to do after that.  (E-mail me for a copy of my resume; nothing ventured, nothing sprained.)  My play “Can’t Live Without You” opens at the Willow Theatre in Boca Raton, Florida, for a two-week run on March 30, and I’m planning on returning to the William Inge Theatre Festival for the 28th time, either with a play or most assuredly with a scholarly paper.  I have my bid in for a variety of other theatre events and productions; I think I’m getting the hang of this playwriting thing.
  • I will do this again next year.  I hope.  As Bobby says, “Hope is my greatest weakness.”

Okay, your turn.  Meanwhile, I wish continued good health and a long life to all of you and hope you make it through 2019 none the worse for wear.

Thursday, December 6, 2018

After You’ve Gone

Just checking to see how we’re doing, fiscally responsible-wise:

Since the 2016 presidential campaign, Donald Trump’s aides and advisers have tried to convince him of the importance of tackling the national debt.

Sources close to the president say he has repeatedly shrugged it off, implying that he doesn’t have to worry about the money owed to America’s creditors—currently about $21 trillion—because he won’t be around to shoulder the blame when it becomes even more untenable.

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the national debt in the not-too-distant future. In response, Trump noted that the data suggested the debt would reach a critical mass only after his possible second term in office.

“Yeah, but I won’t be here,” the president bluntly said, according to a source who was in the room when Trump made this comment during discussions on the debt.

History has shown that this is standard operating procedure for the Republicans: explode the deficits by cutting taxes and then leave it for the Democrats to clean it up all the while blaming them for getting them into this mess in the first place.

Tuesday, November 27, 2018

How It Affects Him

Notice that Trump’s response to the news that GM is closing plants and laying off nearly 15,000 workers at all levels is as if it’s an attack on him?

Before leaving the White House Monday for a campaign rally in Mississippi, the president told reporters he had complained to GM chief executive Mary Barra about the shutdowns.

“I was very tough,” the president said. “I spoke with her when I heard they were closing. And I said: ‘You know, this country has done a lot for General Motors. You better get back in there soon. That’s Ohio, and you better get back in there soon.’ ”

Because Ohio has all those electoral votes and GM is doing this just to mess with his reelection.

It’s not like he cares about the people losing their jobs or cities like Lordstown being stuck with an empty plant and turned into another Flint; it’s all about him.  That’s all that matters.

Monday, November 26, 2018

GM Cutting 14,000 Jobs

Trump told us as recently as a week ago that car companies were opening new plants all across the country.

Maybe they are, but today General Motors announced that they’re closing three assembly plants in North America and cutting 14,000 jobs.  That includes the plant in Oshawa, Ontario, where my 1988 Pontiac 6000 station wagon was built in February 1988.

Changes in the auto industry are nothing new, and it’s less than ten years since GM went through bankruptcy and made some very big cuts, including dropping four North American brands, including Pontiac.  (Now it’s an orphan twice over.)  That’s the way things go in capitalism.

But now Trump has been telling everyone that the American auto industry is booming, plants are opening, jobs are being created, and he’s taking all the credit, of course.

Well, now, who’s he going to blame when the plants close, people lose their jobs, and the ripple effect rattles through the towns and cities that depended on the car plant to keep the grocery stores and the schools open?

He’ll find a way to blame Obama.  Or Hillary.  Or Robert Mueller.  Count on it.

Friday, November 23, 2018

Black Friday

I’m all in favor of capitalism and patronizing local businesses, so if spending money for Christmas is what you want to do, go forth, drive carefully, bundle up (if it’s cold), and remember where you parked.

Me, I’m staying home, doing some writing and reflection, and enjoying a four-day weekend.

Last year at this time the vanda orchid was in full bloom.  I haven’t checked recently, but it looked like it was getting ready to do it again.

“Chili pepper” vanda (from the last time it bloomed)

You kids have fun out there.

Wednesday, October 17, 2018

What Have They Got On Him?

The Washington Post:

Trump offered embattled Saudi Arabia a suggestion of support Tuesday amid mounting pressure over the disappearance of journalist Jamal Khashoggi, saying the kingdom is being judged “guilty until proven innocent.”

The remarks, in an interview with the Associated Press, put Trump widely out of step with many world leaders amid Turkish assertions that Khashoggi was killed by a Saudi hit team this month after entering the Saudi Consulate in Istanbul.

They also could complicate talks planned Wednesday between Secretary of State Mike Pompeo and Turkish leaders on the Khashoggi case.

“Here we go again with you’re guilty until proven innocent,” Trump told the AP, comparing the situation to allegations of sexual assault leveled against now-Supreme Court Justice Brett M. Kavanaugh during his confirmation hearing.

He’s basically said the same thing about Russia in similar situations: Hey, don’t judge before all the facts are in.

A noble sentiment indeed were it not for the fact that A) neither Saudi Arabia nor Russia work from the idea of a presumption of innocence, and B) Trump himself has been known to jump to the “guilty until proven innocent” side — “Lock Her Up!” sound familiar?

Trump has also noted that both Saudi Arabia and Russia will be buying “billions of dollars” worth of stuff from us — it’s all about the jobs, right? — and we can’t risk losing all that money.  There’s a name for that, but it usually involves a pimp and a hotel with hourly rates.

For all that, it makes you wonder just what kind of hold Saudi Arabia and Russia have on Trump beyond the lure of money.  What do they have on him that is so devastating that he’d sell out his own country to keep dictators and autocrats both happy and silent?

Monday, October 15, 2018

Tax Free

According to the New York Times, Jared Kushner hasn’t paid federal income taxes for years.

That may outrage normal people, but to the Trump base, the MAGA crowd, and the rich-beyond-sanity club, they see that as a feature and want to get in on it.

Of course when the deficit shoots through the stratosphere and there are cuts to programs that might affect them, such as infrastructure (states rely on getting funds from the federal government to rebuild bridges and schools), they’ll complain about red tape and waste and fraud and abuse by bureaucrats.

And of course they say everyone should pay their fair share.  Just not them.  Or anyone like them.

Wednesday, October 3, 2018

Filthy Rich

We knew the “self-made billionaire” line was bullshit, and now the New York Times has the background to prove that Trump’s wealth was accumulated by inheriting it from his tax-cheating and law-breaking father.

Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents, an investigation by The New York Times has found.

Mr. Trump won the presidency proclaiming himself a self-made billionaire, and he has long insisted that his father, the legendary New York City builder Fred C. Trump, provided almost no financial help.

But The Times’s investigation, based on a vast trove of confidential tax returns and financial records, reveals that Mr. Trump received the equivalent today of at least $413 million from his father’s real estate empire, starting when he was a toddler and continuing to this day.

Much of this money came to Mr. Trump because he helped his parents dodge taxes. He and his siblings set up a sham corporation to disguise millions of dollars in gifts from their parents, records and interviews show. Records indicate that Mr. Trump helped his father take improper tax deductions worth millions more. He also helped formulate a strategy to undervalue his parents’ real estate holdings by hundreds of millions of dollars on tax returns, sharply reducing the tax bill when those properties were transferred to him and his siblings.

These maneuvers met with little resistance from the Internal Revenue Service, The Times found. The president’s parents, Fred and Mary Trump, transferred well over $1 billion in wealth to their children, which could have produced a tax bill of at least $550 million under the 55 percent tax rate then imposed on gifts and inheritances.

The Trumps paid a total of $52.2 million, or about 5 percent, tax records show.

No wonder he never wanted to release his taxes.  Not that we’d find out that his family was ripping off the government — that’s everyone’s secret dream — but that he didn’t do a damn thing to earn his money and just sat there and let it roll in.

So what if he lived off Fred’s money?  Lots of presidents have been set for life from the time they were born, including FDR, JFK, and the Bushes, just to name a few.  It never seemed to bother them that they were to the manor born.  The big difference, though, between Trump and the rest of the rich is that he wants everyone to think he did it all by himself.  The rags-to-riches story, or so the thinking must go, is that it’s somehow more “‘Murican” if you started out with nothing — just a million or so inherited from daddy — and through hard work and smart deals you made your fortune.  But with his fragile ego — and the rest of it — he just had to live a lie and make up all this bullshit so he’ll seem more genuine to the base.

We all knew he was a con.  Now we have the proof.  The sad thing is that the base — the ones he tried to con — will think he’s some kind of hero for ripping off the guvamint.

Thursday, September 13, 2018

That Won’t Be The Worst Of It

There is nothing to stop Hurricane Florence — or any other storm, for that matter — so the best we can do is be fully prepared and safe.  What happens after, however, is completely in our hands and those of the people we’ve chosen to run things, and that’s where the real disaster can happen.

Given the current administration’s down-is-up view of how they handled things with Hurricane Maria and the fact that there’s a runway full of bottled water in Puerto Rico waiting to be distributed a year later, the people who will be impacted by Hurricane Florence had better know that they are in for a long and strenuous struggle when the winds and rains have ended.  It will be just the start.

Meanwhile, the money set aside for FEMA has been rerouted to ICE because brown people seeking asylum are a much larger danger to America than a Category 3 hurricane.

WASHINGTON — The Trump administration took nearly $10 million from the Federal Emergency Management Agency’s budget this summer to help boost U.S. Immigration and Customs Enforcement, according to budget documents shared with USA TODAY.

The revelation, just ahead of Hurricane Florence’s expected landfall in North and South Carolina, was found by Sen. Jeff Merkley, D-Ore., who first shared the documents live on MSNBC late Tuesday.

He told USA TODAY that after the devastation of last year’s storms, including hurricanes Maria, Harvey and Irma, FEMA should have the funds it needs to be prepared for another disastrous hurricane season.

“It’s almost guaranteed to happen again, so this is just incredibly irresponsible,” Merkley said.

The budgeting document, titled “Department of Homeland Security FY 2018 transfer and reprogramming notifications,” lists $9,755,303 taken from FEMA’s budget, about .9 percent of the agency’s listed overall budget, and given to support ICE.

Heckuva job, there.

Monday, September 3, 2018

Labor Day

Charlie Chaplin, Modern Times

Having grown up in a union town that was near a large city that relied on union labor, I’ve come to the conclusion that most of the people who most hate unions are folks who think that it is unconscionable that workers should have the same rights as the managers and the owners of the company. How dare they demand a living wage and safe working conditions. Who do they think they are?

Yeah, yeah; in every large group there are bad apples and examples of bad faith and extremism. Welcome to the human race. The Republicans hold the unions up as the boogeyman of the Western world and label them as thugs… and give tax breaks to the corporations because they know that if they don’t, the corporations will kneecap them. Not literally; they’ll just stop giving them money, which, in corporate circles, is thuggery. The people who whine about “class warfare” always turn out to be the ones who are winning the war.

Perhaps one of the reasons that union membership is down is that unions have accomplished a lot of what they set out to do 100 years ago. Factories are safer, working hours are reasonable, wages are better than the minimum, and pensions provide some security. The unions have learned, however awkwardly, to accept that they have been successful, but they also know that if some people had their way in the world, they would turn back to clock to 1911, put children to work, take away the healthcare, and demand more production. After all, it works for the Chinese, and look how they’re doing.

By the way, not all union workers are Democrats; they certainly weren’t were I grew up. A lot of them are hardcore Republicans or conservatives — including police officers — who don’t care about the politics; they just want to be treated fairly. And a lot of people who are not union members are working under union contracts; in most places there is no requirement to join a union to benefit from their efforts. So while actual union membership may be down to 15%, the number of people who are part of the union is far greater. That includes public sector jobs as well as private. So the next time someone feels the urge to union-bash, be sure you’re not peeing in your own campfire.

Full disclosure: I am a dues-paying member of a union of sorts; I belong to the Dramatists Guild. It provides services for writers and lyricists and makes sure that when our works are produced, we have a fair contract and get paid our royalties. The joke among us is that we don’t go on strike; we just get writers’ block.

[Originally posted September 2, 2013]

Friday, August 31, 2018

Nuts ‘n’ Bolts: You Got Screwed

This doesn’t surprise me in the least.

Trump told lawmakers on Thursday he wants to scrap a pay raise for civilian federal workers, saying the nation’s budget couldn’t support it.

In a letter to House and Senate leaders, Trump described the pay increase as “inappropriate.”

“We must maintain efforts to put our Nation on a fiscally sustainable course, and Federal agency budgets cannot sustain such increases,” the President wrote.

An across-the-board 2.1% pay increase for federal workers was slated to take effect in January. In addition, a yearly adjustment of paychecks based on the region of the country where a worker is posted — the “locality pay increase” — was due to take effect.

Trump said both increases should no longer happen.

That’s because they gave it all to the rich people with the montrous deficit-inducing tax cut.  The rich got the tax cut and the rest of us — including people who make the government run — got screwed.

I wonder how many of those federal employees voted for Trump.

Tuesday, August 28, 2018

One More Day

Someone got one of my credit card numbers and tried to buy something at a Citgo station in Houston on August 21 — and was declined — but the bank didn’t let me know until I tried to buy gas yesterday.  I spent a total of 45 minutes of listening to “your call is very important to us…” before I got through.

Long story short version: I need to go to my local branch and get a temporary card until they issue a new one (4-6 business days) and then change all the accounts where the card is already set up as the form of payment.

So I’m taking another day off.

Tuesday, July 31, 2018

To No One’s Surprise

The rich get richer.

The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition of many investors and conservatives.

Steven Mnuchin, the Treasury secretary, said in an interview on the sidelines of the Group of 20 summit meeting in Argentina this month that his department was studying whether it could use its regulatory powers to allow Americans to account for inflation in determining capital gains tax liabilities. The Treasury Department could change the definition of “cost” for calculating capital gains, allowing taxpayers to adjust the initial value of an asset, such as a home or a share of stock, for inflation when it sells.

“If it can’t get done through a legislation process, we will look at what tools at Treasury we have to do it on our own and we’ll consider that,” Mr. Mnuchin said, emphasizing that he had not concluded whether the Treasury Department had the authority to act alone. “We are studying that internally, and we are also studying the economic costs and the impact on growth.”

Currently, capital gains taxes are determined by subtracting the original price of an asset from the price at which it was sold and taxing the difference, usually at 20 percent. If a high earner spent $100,000 on stock in 1980, then sold it for $1 million today, she would owe taxes on $900,000. But if her original purchase price was adjusted for inflation, it would be about $300,000, reducing her taxable “gain” to $700,000. That would save the investor $40,000.

The move would face a near-certain court challenge. It could also reinforce a liberal critique of Republican tax policy at a time when Republicans are struggling to sell middle-class voters on the benefits of the tax cuts that President Trump signed into law late last year.

“At a time when the deficit is out of control, wages are flat and the wealthiest are doing better than ever, to give the top 1 percent another advantage is an outrage and shows the Republicans’ true colors,” said Senator Chuck Schumer of New York, the Democratic leader. “Furthermore, Mr. Mnuchin thinks he can do it on his own, but everyone knows this must be done by legislation.”

They want to get it to the point where they don’t have to pay any taxes at all.  And if it balloons the deficit, well, so what?  They only worry about that — or say they worry about that — when a Democrat is in the White House.  Then it’s the worst thing in the world and all the poor people must pay to bring it down because that’s what the poor people do.

Either that or Trump owes a huge payment to Putin and this is the only way to get the dough to make it.

Wednesday, July 25, 2018

$12 Billion Solution

Trump is telling the agricultural community that he’s authorizing the Department of Agriculture to release $12 billion in emergency funds to make up for the losses caused by the tariffs he’s imposed on countries that import our agricultural products.

In other words, the arsonist is showing up in time to help the firefighters put out the blaze that he started.

And I’m sure that all the hard-core conservatives in Congress who believe that government hand-outs are the worst thing in the world and a slippery slope to socialism and state-run collectivism will rise up as one and proclaim that the free market is the American way and if the farmers can’t cut it, well, that’s a tough row to hoe.  Yeah, right.  It’ll be interesting to see how many of them who support this bail-out were totally against President Obama’s help to the automobile industry.

This is a $12 billion solution to a political problem.  The tariffs are hitting the people who who voted for Trump in the first place and he’s out to protect not them but himself.  After all, as we’ve seen — and heard on tape — Trump is always willing to pay someone off to get himself out of a mess that he caused.

Friday, June 15, 2018

Personal Piggybank

The New York attorney general has filed suit against the Donald J. Trump Foundation, alleging, among other things, that he and his family used it to pay for everything from redecorating a resort to paying for presidential campaign events.

In the suit, Attorney General Barbara Underwood asked a state judge to dissolve the Donald J. Trump Foundation. She asked that its remaining $1 million in assets be distributed to other charities and that Trump be forced to pay at least $2.8 million in restitution and penalties.

Underwood also asked that Trump be banned from leading any other New York nonprofit organization for 10 years — seeking to apply a penalty usually reserved for the operators of small-time charity frauds to the president of the United States.

[…]

Although Donald Trump’s name is on the foundation, in recent years most of its money was not actually his. Trump did not donate any money to the foundation between 2008 and 2015. Instead, its largest benefactors in recent years have been wrestling moguls Vince and Linda McMahon, who gave $5 million total in 2007 and 2009. Linda McMahon was later appointed by Trump to be head of the Small Business Administration.

Behind the scenes, Underwood said, the foundation was essentially one of Trump’s personal piggy banks — a pool of money that his accounting clerks knew to use whenever Trump wanted to pay a nonprofit organization. By law, Trump wasn’t allowed to buy things for himself using the charity’s money, even if he was buying them from nonprofit groups.

Trump could have avoided all this trouble and been shielded from the regulators if he had set himself up as a megachurch.

Friday, June 1, 2018

Steel Away

This should go over well in certain places.

Trump wants to impose a total ban on the imports of German luxury cars, according to a new report from CNBC and German magazine WirtschaftsWoche.

Several U.S. and European diplomats told the news outlets that Trump told French President Emmanuel Macron about his plans last month during a state visit.

Trump reportedly told Macron that he would maintain the ban until no Mercedes-Benz cars are seen on Fifth Avenue in New York.

Shares of Daimler, Porsche and Volkswagen were lower on Thursday, shortly after the weekly German business magazine published the report.

Calling these automobiles “imports” is a bit of a misnomer.  While they may have corporate headquarters in Germany, the cars you see on Fifth Avenue in New York are assembled in places like Alabama and South Carolina.  I think the people who put the cars together there vote, too, as well as the people who buy them.

Wednesday, May 30, 2018

Sit Anywhere You Like

One of the upshots of Starbucks’ consciousness-raising over who gets to sit in their coffee houses without drawing the attention of the constabulary is that they will make it their official policy that you don’t actually have to buy something to earn a place to sit there.

That’s good to know; I’ve been doing it for years (although I usually do buy something; after all, those blueberry scones are pretty good), and the local Starbucks was my go-to place for WiFi last September after Hurricane Irma, free or otherwise.  Now I won’t have that tickling feeling of guilt when I stop in and boot up without buying a scone or a tall plain cuppajoe.

But that’s upsetting to some conservatives.  Megyn Kelly, for instance.

“They’re allowing anyone to stay and use the bathroom even if they don’t buy anything, which has a lot of Starbucks’ customers saying, ‘Really?’” Kelly remarked on her Today Show program. “Because now the Starbucks are going to get overwhelmed with people and is it really just a public space or is it not?”

“For the paying customers who go in with their kids, do you really want to deal with a mass of homeless people or whoever is in there — could be drug addicted, you don’t know when you’re there with your kids paying for the services of the place.”

For those of you who are numb to dog whistles, what she’s really saying is that Starbucks is now the equivalent of the Port Authority bus terminal and their bathrooms are open to just anyone, not just rich white people paying five bucks for a latte.  Oh, how we’ve all caved to political correctness and now she has to sit next to someone who is undeserving of being in her presence.

Or maybe she’d rather see what I saw yesterday morning when I got to the office before dawn.  It’s located in downtown Miami and there are a number of homeless people who spend the night in sheltered areas until the building opens.  As I approached the entrance, I saw a man standing outside on the wheelchair ramp where he’d spent the night.  From his stance and the fact that I’m a man who knows what a certain stance means, I knew he was taking a leak against the side of our building.  As I got near the door, he tried to mop it up with the newspapers he’d just used as his bed.  I didn’t say anything to him, but I did inform the security guard who was arriving of what I’d seen so they could get someone to hose the ramp down.  I didn’t call the cops, and if the man had asked, I’m pretty sure the guard would have let him in to use the rest room on the first floor instead of peeing on the ramp.

I’ve often said it would be nice if there was a Starbucks in the neighborhood, and there’s another reason now; to show a little bit of kindness and accommodation to people who don’t have multi-million dollar contracts to sneer at others on TV.

Friday, April 6, 2018

Short Takes

Oklahoma teachers continue their march to the state capital.

Pruitt under pressure: EPA chief’s problems keep growing.

Yeah right: Trump says he was unaware of payment to Stormy Daniels.

Cyclist fired for flipping off Trump sues her former employer.

New Russia sanctions go after oligarchs.