Perspective

Feeding The Swamp Creatures

President Trump has a bad, bad optics problem.

He rode into Washington promising to drain the swamp. However, extremely preferential treatment for the wealthy (gigantic tax loopholes and cuts, preferential treatment of capital gains, corporate subsidies, access to government, trickle-down propaganda), rooted in the elite class’s general corruption and insulation, is the swamp. These are two sides of the same butt-coin. Finkle is Einhorn, Einhorn is Finkle. Catering to oligarchs may be popular in Washington, but it is very, very unpopular everywhere else.

Trump, a president with near record low approval ratings, would do well to consider that before moving forward.

Trump tells us it is imperative we cut taxes for corporations. But corporate tax rates are at historically low levels. The effective corporate tax rate in America (the only truly relevant metric, as nominal rates mean nothing if corporations don’t really pay them) has been dropping for fifty years straight. Trump argues that slashing corporate taxes will magically bring corporations back to America. But it won’t. American corporate tax rates are already highly competitive globally. A much better way to deal with corporate inversion and revenue shortages is to switch to a VAT tax which targets transactions made inside the United States, thereby largely solving both the revenue issue and the inversion issue. It doesn’t really matter where you’re headquartered if you have to pay a VAT tax on transactions in the US anyway.

Trump has of course been drifting away from his campaign promises for some time. Most of us who were early and ardent supporters of his are at this point both thoroughly disappointed and perplexed. Since Bannon left the White House the forecast has been downright dismal. We did not vote for a fourth Bush term. Nor do many of us think that tax rates are a particularly good proxy for the oppressiveness of government, because they’re not.

Totalitarian governments and those extremely hostile to essential freedoms often survive on far less revenue than what the US Federal Government takes in. Think Saudi Arabia or North Korea or Nazi Germany. When a government has arrogated for itself great power then it doesn’t typically need much money to exercise or abuse that power. Indeed, when money gets tight such governments can usually just divert funds away from policies that help their citizens (think funds to protect the border, or healthcare for veterans and the poor, or housing for the homeless) to policies that oppress the people and deprive them of their essential freedoms (think the Civil Rights Act, or FISA courts and the mass-surveillance state, or Deep State entities which actively undermine American democracy, or subsidies to Solyndra-like green tech companies, or bailouts to filthy rich Wall Street fat cats).

Furthermore, most sensible white Americans would fain trade the obnoxiously low tax rates and bad demographics of today’s America for the 90% top tax rates and the favorable demographics of the Eisenhower years.

Trump could survive a tax reform that is somewhat favorable for the wealthy, insofar as it is significantly more favorable for the middle and lower classes. In other words, the bulk of the goodies would have to flow down to the masses for it to not work to Trump’s detriment politically. However, a tax reform that looks like a giveaway to the extremely rich, including Wall Street banks and massive multinational corporations, is not the kind of reform he is likely to survive politically.

There are a number of reasons for this. One big reason is that what the wealthy aren’t paying must be made up for somehow. Thus large tax cuts to the wealthy invariably shift the burden of revenue generation to others, and divert aid away from the needy and the destitute. Another reason is that there is a widespread perception that the tax code, along with other government policies, are already way too generous to the rich, that the game is in various ways rigged in favor of those at the top. That perception is neither wrong (the super-rich don’t seem to be subject to market forces at all, since the Federal Government seems ever-ready to rescue them when markets get turbulent), nor is it going away anytime soon. In fact this slow, simmering rage that permeates America over the criminality and unresponsiveness of the Washington “elite”, is arguably getting even hotter and more explosive by the minute. The GOP establishment really doesn’t seem to get this. At all. The best possible outcome of all this rage, for neo-cons and normie-cons that is (if they don’t head off some of these problems with moderate populist reforms of their own), will likely be some rather extreme measures taken by lefto-socialists in ten or twenty years’ time on issues like taxation and healthcare, which conservatives I suspect will not be all that delighted with.

I shudder to think what some of the other potential outcomes might be.

If your successful presidential campaign tapped deeply into class grievance, it is difficult to see how this tax reform proposal is a smart idea. Optics are very important in politics. The plan the GOP recently rolled out is at best neutral to the center, at worst somewhat unfavorable to the center (the middle class & small businesses in particular, as they get zero relief), and at minimum extremely generous to the wealthy and to large corporations. This will almost certainly be seen as a betrayal by suffering whites in the Rust Belt and beyond who put Trump over the top, folks who have been devastated by bailouts for Wall Street, free trade agreements, and insufficient social programs and expenditures (for addiction in particular). The reality is these people don’t care that much about tax cuts. I think they’ve had their fill of Goldman Sachs style feudalism masquerading as capitalism. These folks just want the millions of invaders who are taking their jobs deported. They want to be able to speak openly in public on sensitive issues without fear of being assaulted by mentally handicapped 3rd World primitives in their midst. They want a functioning democracy, where their voices count. More money in the hands of the uber-rich won’t rectify that problem. Ordinary Americans want to see Trump tackle corruption and undercut Washington’s captivity to oligarchs and multinationals, not watch Trump embody corruption by nourishing an already highly extractive and parasitic globalist cabal. That is precisely what they rose up and voted against in 2016!

Of course there is no way to know whether Trump will win reelection or not (certainly not at this stage). This depends upon an array of factors, including the strength of his opponent. He was very fortunate to have faced a feckless and unpopular candidate with neither charm nor integrity the last time around. However, even a rather weak candidate will likely defeat Trump this time around if Trump should continue down the same path he’s on. And if this tax “reform” should pass he’ll be in a giant hole come 2020, one that will likely inter his political career. I say this with confidence because I understand why he got elected. The thing is, for worse or perhaps even for better, Trump doesn’t seem to.

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22 Comments on "Feeding The Swamp Creatures"

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Spraguer
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80% of nations in the world use a VAT tax. Every developed capitalist country in the world uses a VAT tax, with the sole exception of the United States. VAT taxes are quite workable.

Krafty Wurker
Guest

A VAT tax is about as workable as Marxism-communism-socialism. Even up in trendy Canada the VAT tax has been pronounced as unworkable by the socialist “New Democrats”.

Ritter der Immaculata
Guest

Nov 2nd:comment image?width=960

Ritter der Immaculata
Guest

@Old new comparison
That one’s old and irrelevant tho.
There’s no convenient chart for the actual Jobs Act that I can find.

Ritter der Immaculata
Guest

Old new comparison:comment image

Ritter der Immaculata
Guest
Picking the most awkward photo of Trump you could find is a low cheapshot. Build your article on arguments. You fail to present number and source your claims on the bill that would somehow affirm > muh corporate fatcats grievance, muh Bush 2.0. This article is devoid of substance, is this what altrightcom considers a quality standard for writting? b-but Trump didn’t do anything in his first year https://pastebin.com/JnS5Qy2Q https://pastebin.com/BcSAGmDf Here’s are the actual highlights: Consolidates the seven tax brackets into four (12%, 25%, 35%, and 39.6%) – Under this reform, the existing 10 percent bracket goes to zero. The… Read more »
Nova Morium
Guest

Hey, Alt-Right…..

Check out the Roy Moore Fake News Drama……

A JEWISH ‘Journalist’…….named (((Beth Reinhard)))………of the Washington Post………

Apparently, went to Alabama and offered Thousands of Dollars to likely Poor White Women……

To have them accuse Roy Moore of Sexual Misconduct to Derail his Campaign…….

This is what Jews do…..

I’m not surprised at all………

Very Talmudic of them……

ken
Guest

Donations is fine, but asking us to doxx ourselves with a paywall is fucking retarded in this movement.

Tina Banerjee Chittom
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Tina Banerjee Chittom

Reply to Greg’s comment below: I used to give alot of credit to Ann Coulter, but she is just a hysterical drama queen. Look who she is dating. How credible is she?

trackback

[…] Source link […]

rhino23
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Bernie might be next if he wants it.

Greg
Guest

Good article. I contributed to Trump during the primary and general because no one else even came close. But the danger signs were always there. Ann Coulter said his failures on immigration was due to his lazy stupidity. I think he never thought of his speeches as campaign promises but rather as applause lines.

Riopel
Guest

The democrat victories this week were extremely blackpilling. They didn’t just elect shitlibs, they elected f’ing trannies.

If the democrats win in 2020, that’s it. They’re gonna be out for blood.

Rexterminatus
Plus Member

We are not voting our way out of this decline. The stars will grow cold before human nature changes without force put upon it.

Gubbler Chechenova
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http://www.vdare.com/articles/patrick-j-buchanan-the-virginia-electoral-bloodby Basically, white elites, affluents, and educrati(educated-indoctrinated class) want to lord over non-white ‘immigrants’ and serve Jewish uber-elites. White businesses find non-whites more docile, and white educrati find non-whites ‘nobler’ for PC reasons of ‘diversity’ and ‘anti-racism’. Meanwhile, white masses demand that white elites serve White America. White rulers don’t want to rule over whites. They want a new people. White masses want white elites to rule them. They hope, but it’s not happening. This is why Alt Right is so important. It is about creating a New White Elite class who will listen to white masses and lead them.… Read more »
KonigReich
Guest

What do we get for each tier? Bronze, Silver, and Gold? There is no description of the benefits of each.

jb
Guest
The reality is these people don’t care that much about tax cuts. . . More money in the hands of the uber-rich won’t rectify that problem. This. America as America is circling the drain. This is the absolute last moment to push that death back by a few decades, and it can only be done one way: grossly reducing immigration, both legal and illegal. The problem with Republican tax cuts is that it’s an issue, along with useless overseas wars, that the Republicans have traditionally hid behind in order to avoid doing their duties elsewhere, like controlling the borders or… Read more »
Gubbler Chechenova
Guest
The secret to longevity of power is Identity(stability of race/ethnicity, territory, and demography) + Ideology(fluidity of ideas and methods). Locked gates and open minds. China and Japan(prior to modernization) are good examples of civilizations with stable identity but rigid ideology. The civilization remained intact but fell behind other civilizations with open minds to new ideas. And these other civilizations amassed so much power and used it to smash down the gates. Japan wisely began to open its mind before its gate was smashed by force. But China failed to do this. Its closed mind meant lack of scientific and technological… Read more »
German-American
Guest

This is excellent!! SPOT-ON! Why are people not shouting this from the rooftops, it’s so obvious and it’s so critical?!

Michelle Baxter
Guest

Ignore my last comment. My phone was doing something crazy so only half the page downloaded! It was an afterhours podcast!

Michelle Baxter
Guest

Do we have to now pay to come to AltRight.com? The article on Milo says we now have to pay monthly or yearly. This is not the best idea.

WHAT
Guest

Saudi is not “hostile to your essential freedoms” – as long as you are ethnically saudi arab and a citizen. Neither was Hitler`s Germany.