Thursday, February 9, 2017

Trump "Phenomenal" Tax Cut Coming in 2-3 Weeks

Speaking in front of airline executives at the White House, President Trump said, "Lowering the overall tax burden on American business is big league, that’s coming along very well,. We’re way ahead of schedule, I believe. And we’re going to be announcing something -- I would say over the next two or three weeks -- that will be phenomenal."

Note well: He said he is going to lower the tax burden on "American business." There is nothing wrong with cutting business taxes or any other taxes.  But that is not the totality of what is going on here. This will ultimately result in make-up taxes via border adjustment taxes, direct tariffs, and other scams.  This is about moving pieces around on the chessboard, not much else.

It's the type of scam a first-rate street hustler would try to pull off.



  1. Yeah... The chessboard, for those unfamiliar with it:

    “The man of system, on the contrary, is apt to be very wise in his own conceit; and is often so enamoured with the supposed beauty of his own ideal plan of government, that he cannot suffer the smallest deviation from any part of it. He goes on to establish it completely and in all its parts, without any regard either to the great interests, or to the strong prejudices which may oppose it. He seems to imagine that he can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chess-board. He does not consider that the pieces upon the chess-board have no other principle of motion besides that which the hand impresses upon them; but that, in the great chess-board of human society, every single piece has a principle of motion of its own, altogether different from that which the legislature might chuse to impress upon it. If those two principles coincide and act in the same direction, the game of human society will go on easily and harmoniously, and is very likely to be happy and successful. If they are opposite or different, the game will go on miserably, and the society must be at all times in the highest degree of disorder.” (Smith, p. VI.II.42)

  2. A first rate scam is what Obama did because most people don't even detect it happened. His supporters see the results of it, the run away wealth of those closest to the fed money taps and support the democrats to do something about it. That's a first rate scam, when the people you scammed don't even know it and ask you to do more.

    Far too many people see right through a business tax cut. It's crude by comparison.