Tag Archives: Stakeholder Capitalism

Mar 31 2021

Who Raises Taxes During a Pandemic Already Creating Economic Turmoil? JoeBama, That’s Who


Posted originally on the conservative tree house March 30, 2021 | Sundance | 243 Comments

Think about the logical insanity of this position for a moment….  According to the Biden administration the economy is in trouble, people are struggling, and congress needs to spend trillions to bail out state, local and federal governments along with sending income subsidies to all Americans as the economic crisis around COVID continues.

Due to policies on energy, regulation and the COVID virus, simultaneously food prices are going higher, fuel prices are up 30 percent, overall energy prices are rising, transportation costs increasing and the inflationary impact on the middle-class is eating up their limited paychecks.

AT THIS EXACT MOMENT the same administration is now proposing a tax increase.

THINK ABOUT THE LACK OF LOGIC HERE.

(VIA AXIOS) […] The biggest-ticket item would raise the corporate rate from 21% to 28%. That’s worth $730 billion over 10 years, according to the Tax Policy Center.  The other three would:

  • Impose a global minimum tax on profits from foreign subsidiaries: $550 billion.
  • Tax capital gains as regular income for the wealthy and tax unrealized capital gains at death: $370 billion.
  • Return the top individual rate for those making more than $400,000 to the pre-Trump rate of 39.6%: $110 billion.

[..]  Democrats close to the White House don’t expect Biden to fight as hard for other expected proposals, including one that could raise some $740 billion by imposing new Social Security taxes on the wealthy.

  • His campaign plan to impose a 28% minimum rate on the wealthy, which would raise $220 billion, is unlikely to cross the finish line.
  • And making it harder for small businesses to claim deductions, which would bring in $140 billion, will likely encounter serious roadblocks.
  • Changing the ways estates are taxed, which would raise $220 billion, may not make it into the final legislation. (read more)
Mar 30 2021

Supreme Court Continues to Protect Politicians


Armstrong Economics Blog/Rule of Law Re-Posted Mar 29, 2021 by Martin Armstrong

Supreme Court protects Hillary Clinton as expected. The Supreme Court refused to compel Hillary Clinton to testify about her email server rejecting a move by Judicial Watch. This is further proof that the Supreme Court is refusing to enforce the law when it comes to politicians.

Mar 29 2021

Australia Committing Economic Suicide – Turning Hard Left


Armstrong Economics Blog/Regulation Re-Posted Mar 29, 2021 by Martin Armstrong

The Greens in Australia want to tax Billionaires 6% Wealth Tax annually (in addition to INCOME) as a property tax on everything this own from art right down to the watch they wear. They claim it will raise $11.2 billion over its first two years, it will cost the Australian Tax Office an extra $110 million to implement the policy and enforce compliance. But it does not stop there. It would apply to Australians who hold more than $1 billion in assets, no matter where they live, and non-residents who hold Australian assets worth more than $1 billion. Therefore, you can see how stupid these people are for they assume those they target would just remain in Australia and that foreign investment would certainly abandon Australia. This is on top of income taxes, and property taxes that already are in place.

I quit managing money domestically in the United States back in 1985. They came in for an audit and government employees MUST find something wrong because their view is nobody is perfect. They said they were going to write me up for improper record keeping. I asked what was wrong. They said my tabs on files were PINK and they were supposed to be RED. I am not one to cower from the government. I demanded their names and told them I would be filing a lawsuit against them personally. They dropped the nonsense and left. I then informed all my American clients that I would no longer manage money inside the United States. I returned all the funds and moved offshore. That incident transformed me into one of the first Hedge Fund Managers. Stupid regulation has an impact and the idiots behind it are too stupid to understand the consequences.

The political left never gets it. If they raised income taxes back to 90% again, I would just quit. Out of principle, I would simply refuse to work as an economic slave. They never read Atlas Shrugged. They think robbing others because they have more than they have is perfectly fine. So if they are walking down the street and someone sticks a gun in their face and says give me everything or your life, they too are justified because whatever they have is still more than the person with the gun.

I find it very interesting that these left-wing policies are actually forbidden by the Ten Commandments for they are built upon avarice and envy. The Seven Deadly Sins are Pride, Anger, Greed, Gluttony, Lust, Envy, and Sloth. What is interesting is the fact that what is in the Ten Commandments can be found in just about every religion since the dawn of time. This appears to be a human problem and they always justify it by saying it is not fair that someone else has something they do not. But then again, then do not want to work for it – Sloth.

Mar 29 2021

SNL Shows whoever is President – They are Fair Game


Armstrong Economics Blog/Politics Re-Posted Mar 29, 2021 by Martin Armstrong

The Washington Post has never, at least that I recall, critiqued an SNL skit. They just could not help themselves to rush to the defense of Biden. This proves it is no longer about news – it is just about propaganda. It is True the “Democracy Dies in Darkness” and the Washington Post is doing everything they can to kill democracy.

Mar 29 2021

Senators on Armed Services Committee Promote Expansion of NSA Domestic Data Gathering and Surveillance – NSA Response: “The Fourth Amendment is a “Key Obstacle” You Need to Remove


Posted originally on the conservative tree house March 28, 2021 | Sundance | 206 Comments

OK, before I blow a blood pressure cuff on this issue, please keep in mind the warnings provided on these pages about DHS now starting to assemble lists of dissident citizens under the guise of domestic extremists. {Go Deep}  Also remind yourself the same DHS and FBI are now using private contractors embedded in Big Tech to scour public information on social media and provide feedback to help DHS assemble those lists. {Go Deep}

Now, we take that foundation and build it one step further…. This well-written report about the recent Senate Armed Services Committee discussion with the National Security Agency (NSA) needs to be absorbed with the prior information as context.  These paragraphs are alarming in the extreme (emphasis mine):

[…] “Several members of the Senate Armed Services Committee on Thursday voiced their support for expanded authorities for the NSA and U.S. Cyber Command to conduct more intelligence gathering domestically, something that the Biden administration already is exploring, according to Gen. Paul Nakasone, who leads both agencies.”

“Former NSA general counsel Glenn Gertstell has argued that an expansion of NSA authorities to collect domestic intelligence is overdue. “It can’t possibly be the case that the Fourth Amendment ties our hands in such a way that we just have to sit there and watch the Chinese romp through our infrastructure,” he told the Wall Street Journal in March. The Fourth Amendment protects against unreasonable searches and [NSA Director] Nakasone cited it as a key obstacle to potential expansion of the NSA’s powers domestically.” (read more)

The Fourth Amendment is an “obstacle“?….  WTF kind of outlook is that.

Despite their efforts, their ongoing efforts, to destroy what remaining privacy safeguards are in place…. I do not want to live in a nation that loses the fundamental protection of the Fourth Amendment:  “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no warrants shall issue, but upon probable cause, supported by oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.” (citation)

Mar 29 2021

Sunday Talks, A Frustrated Eric Trump Discusses How JoeBama Created The Border Crisis He Now Denies


Posted originally on the conservative tree house March 28, 2021 | Sundance | 71 Comments

Eric Trump expresses the frustrations felt by many Americans who are watching the JoeBama administration deconstruct the border protections and policies put into place by his father, President Trump.

Additionally, Maria Bartiromo asks for Trump’s perspective on the vaccine rollout, the hypocrisy of the Hunter Biden coverup and the potential for a Joe Biden executive order to initiate more gun control.

A wise quote from a friend today makes a lot of sense in the big picture…. “[A White House] memo goes out saying all communications must read “biden/harris admin” ….. [Biden publicly claims Kamala Harris in charge of “Border Crisis, but] now Kammy isn’t the border gal … but she’s doing the diplomat stuff with south of the border governments. She gets cred for that while fully insulated from the crisis that Biden won’t have to answer for in any way except preapproved questions….have to give the WH team credit for creating a perfectly bubbled environment around jumbled Joe. It’s so perfect why change it? With Joe at the helm, the WH can claim credit and deny responsibility with zero media pushback…couldn’t do that with Harris in charge. She is universally unlikeable, and so blatantly phony that her campaign couldn’t raise money….. Harris couldn’t get away with bumbling through a press conference or hiding from the world the way Joe does. I now think the WH team wants to keep pushing Joe out there for as long as possible.”

Mar 29 2021

Sunday Talks, Senator Ted Cruz Discusses GOP Border Visit and Ongoing Border Crisis


Posted originally on the conservative tree house March 28, 2021 | Sundance | 130 Comments

Sometimes it is difficult to bite your tongue and not respond negatively to the manipulative public positioning of well known sanctimonious hypocrites.  Today, as I watched this interview with Senator Ted Cruz, my prayers were for grace amid the face the stunning & historical hypocrisy.

You see, there’s a problem with Cruz’s current position of advocacy regarding the southern border crisis… a position he must first reconcile before any credibility can be given to any statements.  Back in 2014 Ted Cruz, Glenn Beck and Dana Loesch attacked anyone who challenged them on their ridiculous public spectacle at the U.S. southern border; during their Teddy Bears and Soccer Balls tour.  More on that in a moment….

Here is Ted Cruz discussing his ‘new found’ concern about illegal aliens under the Biden administration.

In 2014 Ted Cruz, Glenn Beck and Dana Loesch went to the Texas border to deliver gifts to the incoming illegal aliens during the first of many crisis involving “Unaccompanied Alien Children.” Yes the same Dana Loesch that went on to become the spokesperson for the NRA was at the border handing out gifts to illegal border crossers under the guise of a humanitarian crisis. {Full Details Here}

Beck and Cruz were passing out Teddy Bears and Soccer Balls, while Catholic Charities and Baptist Child and Family Services were getting millions. The inner-city American kids? Well, nothing for them…. not even a word from DHS Secretary Jeh Johnson. But, oh yeah, Black Lives Matter, right? I digress.  All of this is well documented in the links above. It’s all there for those who have eyes to see and a capability of being intellectually honest.

When Clarice Feldman, Thomas Lifson (American Thinker) and myself called-out their enabling conduct, the trio of Cruz, Beck and Loesch went bananas and launched a full-throated attack against us for calling them out. Seven years later Ted Cruz apparently wants everyone to forget what he did to create the environment that now exists as the UAC issue on steroids happens again.

♦ Ted Cruz was for South American Refugees (2014 – link) “Soccer Ball and Teddy Bear Delivery” before he was against SA/Mexican refugees and promoting a border wall (2015) – He cannot square that factual circle ~ Research Outline
♦ Ted Cruz was for Trade Promotion Authority (2015 – link), before he was against Trade Promotion Authority (2015) – He cannot square that factual circle. ~ Research Outline
♦ Ted Cruz was for Taking More Syrian Refugees (2014 – link), specifically dismissing the threat of terror embeds, before he was against taking Syrian Refugees (2015 – link) – He cannot square that factual circle. ~ Research Outline
♦ Ted Cruz was against Ethanol Subsidies (2013 – link), before he was for Ethanol Subsidies (2016 – link) – He cannot square that factual circle. ~ Research Outline
♦ Ted Cruz was for Anchor Baby Birthright Citizenship (2011 – link), before he was against “birthright citizenship” (2015 – link) – He cannot square that factual circle. ~ Research Outline
♦ Ted Cruz was for the Iran Deal “Corker Cardin Amendment” (2015 – link), before he was against the Iran Deal (2015 – link) – He cannot square that factual circle. ~ Research Outline
♦ Ted Cruz was for Mitch McConnell (2014 – link), before he was against Mitch McConnell (2014 link) – He cannot square that factual circle. ~ Research outline
♦ Ted Cruz was against Chris McDaniel (2014 – link), before he was for Chris McDaniel (2015) – He cannot square that factual circle – Research outline

Yes, we have a crisis at the southern border; however, it is a crisis that Ted Cruz has always wind-tested his response toward.

Mar 28 2021

President Trump Tells Jeanine Pirro He’ll Likely Visit the Southern Border


Posted originally on the conservative tree house March 27, 2021 | Sundance | 62 Comments

Earlier tonight during an interview with Jeanine Pirro, President Donald Trump said he is likely to visit the Southern U.S. border as requested by border patrol agents who need the support.

“Well, a lot of people want me to. The Border Patrol and all of the people of ICE [Immigration and Customs Enforcement], they want me to go. I really feel I sort of owe it to them, they’re great people.”

The segment begins at 05:45 of the video below (prompted):

Mar 28 2021

John Boehner Backs Ohio Incumbent Anthony Gonzalez Who Voted to Impeach, While President Trump Backs Primary Challenger Max Miller


Posted originally on the conservative tree house March 27, 2021 | Sundance | 136 Comments


I swear after a decade of this doofus I never wanted to write the name John Boehner again.  Alas, the the cocktail party republican poster child resurfaces in support of House republican Anthony Gonzalez who voted to impeach President Trump.

Meanwhile President Trump is supporting Gonzalez’ primary challenger, Max Miller.  It doesn’t take a political deep thinker to know who is going to win this battle in the Buckeye state.

(Via Politico) […]  “Former House Speaker JOHN BOEHNER is slated to be the special guest at a Monday afternoon Zoom fundraiser for Rep. ANTHONY GONZALEZ (R-Ohio), according to an invitation obtained by POLITICO. Gonzalez was one of 10 House Republicans to vote for former President DONALD TRUMP’S impeachment, and he’s now facing the repercussions: a primary challenge from the right by MAX MILLER, a former Trump White House side. Trump hosted a fundraiser for Miller at Mar-a-Lago this week.”

This will be the second fundraiser in a week headlined by a former House speaker for a GOP incumbent targeted by Trump. On Thursday, PAUL RYAN was the special guest at an event in Alexandria for Rep. LIZ CHENEY (R-Wyo.), the third-ranking Republican who’s drawn Trump’s wrath with her very public criticism of him since Jan. 6. (link)

Mar 28 2021

Border Crisis Gets Worse as Biden Ships Illegal Aliens Further Inland to Reduce Overcrowding, DHS Contractors No Longer Need Background Checks for Custodial Care of Minors


Posted originally on the conservative tree house March 27, 2021 | Sundance | 147 Comments

Yesterday Kamala Harris rebuked the effort of Joe Biden to put her in charge of the collapsing border crisis he created.  Harris said through her spokesperson Symone Sanders: ““I will just reiterate that the VP is not doing the border. The president asked the vice president to take on the diplomatic efforts with Mexico and countries of the North Triangle to address the root causes of migration.””  Apparently, even Kamala Harris isn’t stupid enough to take responsibility for a problem that is getting worse.

Today in McAllen, Texas, the Biden team were flying illegal aliens to other locations in order to reduce the overcrowding.  According to OAN journalist Jenn Peligrino: “Approx 40% of the airport traffic this morning at Texas’ McAllen International appear to be migrants headed within the US. They are carrying boarding passes & paperwork that indicates they do not speak English.”

SAN DIEGO (KUSI) – The federal government announced last week that the Biden administration would use the San Diego Convention Center to house migrant minors from across the U.S.-Mexico border.  Buses of children are expected to arrive in San Diego starting today. (link)

Meanwhile on the receiving end, the Biden administration has removed the regulation requiring background checks for those who take custody of unaccompanied minor children as DHS starts allowing emergency contractors to step-in and take over.

HOUSTON (AP) — The Biden administration is not requiring FBI fingerprint background checks of caregivers at its rapidly expanding network of emergency sites to hold thousands of immigrant teenagers, alarming child welfare experts who say the waiver compromises safety.

In the rush to get children out of overcrowded and often unsuitable Border Patrol sites, President Joe Biden’s team is turning to a measure used by previous administrations: tent camps, convention centers and other huge facilities operated by private contractors and funded by U.S. Health and Human Services. In March alone, the Biden administration announced it will open eight new emergency sites across the Southwest adding 15,000 new beds, more than doubling the size of its existing system.

These emergency sites don’t have to be licensed by state authorities or provide the same services as permanent HHS facilities. They also cost far more, an estimated $775 per child per day.

And to staff the sites quickly, the Biden administration has waived vetting procedures intended to protect minors from potential harm.

[…] Laura Nodolf, the district attorney in Midland, Texas, where HHS opened an emergency site this month, said that without fingerprint checks, “we truly do not know who the individual is who is providing direct care.”

“That’s placing the children under care of HHS in the path, potentially, of a sex offender,” Nodolf said. “They are putting these children in a position of becoming potential victims.” (read more)

But it’s all about the children, right?