Something made me pause this morning. The actor Tim Russ (Tuvok, Star Trek Voyager) had sent a meme over Twitter. Now in itself this is nothing new, actors and actresses do this to entertain the fans and for the most show their commitment to issues. The meme below was send.
I have seen similar memes for some time and the setting is fine, it is just a useless meme. Like all those people shouting tax the rich. You see America is a nation of laws and there are all kinds of laws. This impacts tax laws and an overhaul has been overdue for over a quarter of a century. I made mention of this as early as June 8th 2014 (over aI made several more mentions, even earlier at that. In this case I wrote “The US gets through taxation a mere 14% of where the debt is at. How is any of that realistic? So, the total collected taxation, before any other cost is taken into account (like paying government staff and utilities), it only amounts to 14%, after all that is done 0.1% is left if the US government gets a fitting budget (something that has not been achieved since president Clinton was in office).”, the debt now is close to 50% larger. So wonder if you will, what is the use of taxing the rich if the law prevents discrimination? Moreover we might want to blame Billy bad boy Gates (Microsoft), Sergei sneaky Brin (Google), Larry Scoundrel Ellison (Oracle), Jeff paperback Bezos (Amazon), Tim the shifter Cook (Apple) or even Andy off-the-books Jessy (Also Amazon). We can call them names, we can blame them. The truth is that they did nothing wrong. They adhered to tax laws, a black letter interpretation if you want, but the problem is not them, it is the people who wrote the laws, the stakeholders that influenced the lawmakers and the politicians who weaselled out for all kinds of selfish reasons. There is no Democratic or Republican blame, they are all to blame from Bill Clinton onwards. The last president in the existence of America who had a surplus in the treasury. It has been that long and and I wrote about it over a decade before, I am pretty sure I raised it a few times before that, but the story should be clear. A setting that has been known for over a decade and the media loves the tax the rich flames. They love cashing in on flames per digital dollar. The rest not so much. So wonder something simple. Am I more intelligent than 334,925,763 Americans? I don’t think so. I am definitely not more intelligent than the five mentioned above and a few dozen more. They knew what was going to happen and as such they aren’t innocent, but they were not guilty either. Guilt should be sought in Washington DC, amongst the lawmakers. They catered to the mess America is in now and these meme’s are entertaining but incorrect. One might surmise that some of the wealth of Jeff Bezos comes from the fact that he can safe on shampoo. A bottle of that stuff costs £390 in Harrods, so that is money saved in the bank. The rest has hair (as far as I know).
You think I am making a joke, but there is a hidden flaw in that. You see, shampoo is something we all get to buy, I have no doubt that they have all kinds of expenses that a doctor misses out on. Tax deductions are the game for some and that is pretty much all they can be gotten on. The rest is corporate and that impacts Amazon, Apple, Google, and all other corporations and that is set in law and the lawmakers gave these corporations a huge discount all over the place. So when you go in ‘tax the rich’ mode, consider how useless that mode is.
As someone told me, when you get access to web camera on Tiananmen Square,
tilt the camera from centre 24.5 degrees to the left and 15 degrees up, you might (might is the operative word) see President Xi stating ‘對富人徵稅’ howling with laughter (I have no idea what he says, I do not know Chinese. But I reckon they are grateful for the easy victory handed to them by American lawmakers no less.
The simplicity is that America gave the world away by giving tax breaks to corporations. And there isn’t much time left, there might not be any time left. As I personally see it, in the age of President Trump the corporations will clean house, give the bonuses to the board of directors and they will all split to a zero tax place with no extradition. You might call me out on that, but that is how I see the world change and they will leave whatever is left behind to clean up the mess. It will go gradually, but I reckon that these five people will have at least one apartment in Monte Carlo, Dubai, Abu Dhabi, Nassau or Lichtenstein and they will get some diplomatic status so that they cannot be extradited to America.
You want to doubt this, fine. But the reality for over a decade will have been clear. The taxation does not show or warrant the amount of debt America has and Economists all over the world either never said anything or the media kept it quiet. Your choice in what happened. I actually cannot tell. I can only see the numbers, not the reality behind that. I am not an economist, but I reported this for over a decade, so I feel fine. I leave it up to you to dig into the matter how others (with economic degrees) didn’t see this. And when the next bubble comes (the thing they refer to AI) and the so called trillions of revenue, that bubble is as I see it an excuse for some on whatever mattering reason to remain in denial that it was a simple error (in stead of that it never was possible) and they will walk away with whatever they can afford.
Bubbles are only useful as long they are still presented when that falls down (I reckon within 1-2 years) the setting changes from what they think is bad to actually severely disastrous. And it was never going to be solved via memes.
As I see it the meme doesn’t lie, but the impact goes in the wrong direction and has been going in the wrong direction for over a decade. There was an urgency for my selling my IP and I would rather be in a pace with some actual money then be thrown in the midst of desperate people seeking someone to blame, but that’s just me.
Have a great day.
Lawrence van Rijn - Law Lord to be 