Buddhist Catholic Contemplative Evangelical General Christian Hindu Jewish Latter-day Saint Muslim New Visions Progressive Christian

Beliefs

Topics

Columnists

Resource Library

Research Tools

Video

Podcasts

Thought Readers

Faith In Media Tracker

Newsletters

Ad-Free & Subscriber Log-In Subscription Support

Follow Patheos

Why I Still Talk to Jesus -- In Spite of Everything

Home
Politics and Religion
Trump’s “Tax Plan” is A Saudi-Style Family Heist by the Most Corrupt Ruling Clan in the World

Trump’s “Tax Plan” is A Saudi-Style Family Heist by the Most Corrupt Ruling Clan in the World

Last updated on: April 27, 2017 at 10:27 am by Frank Schaeffer

Trump’s “Tax Plan” is A Saudi-Style Family Heist by the Most Corrupt Ruling Clan in the World 2017-04-27T10:27:07-06:00 Frank Schaeffer

LOGO Patheos Explore the world's faith through different perspectives on religion and spirituality! Patheos has the views of the prevalent religions and spiritualities of the world.

In his first 100 days Trump has failed at everything but one initiative: he’s been very successful at finding more corrupt ways to make money off the American presidency for his family members and pals than any American president- ever. Trump is corrupt to his core.

Trump is following the pattern set by third rate dictators like the late Saddam Husein, and Fidel Castro. Trump’s mantra like theirs seems to be: I’m in power to make a buck.

“I like nepotism,” Trump told Larry King in 2006, the year he replaced his “Apprentice” costar with his daughter Ivanka. And now Trump has launched a “I like nepotism,” tax plan that is literally aimed at enriching his family directly.

This “I like nepotism,” tax plan goes way past not releasing his tax forms. Trump is willing to destroy the US economy with an apocalyptic deficit to enrich his clan and their friends.

Only the Trump clan decide who else has power in the Trump administration. Trump semi-purged Steve Bannon, after he butted up against his daughter and adviser-in-law, and he elevated former Goldman Sachs employees Gary Cohn and Dina Powell based in part on their friendly relationships with Ivanka and her husband.

As Nicholas Kristof writes in the New York Times:

What do you do if you’re a historically unpopular new president, with a record low approval rating by 14 points, facing investigations into the way Russia helped you get elected, with the media judging your first 100 days in office as the weakest of any modern president? Why, you announce a tax cut! And in your self-absorbed way, you announce a tax cut that will hugely benefit yourself.

Trump’s “plan” is to lower taxes for himself, his kids and for corporations and the white oligarchs he’s put in charge of America. The Trump “I like nepotism,” tax plan would eliminate the alternative minimum tax, without which Trump would have paid less than 4 percent in taxes for 2005; with it, he paid 25 percent. And that’s just a start.

In other words Trump is trying to institutionalize personal corruption.

Trump is trying to codify the Ayn Rand view of the wealthy as deserving to be above the law. While daddy tries to hijack the tax code in favor of the One Percent and his family, Ivanka and her husband, Jared Kushner, have hijacked broad portfolios that should belong to the cabinet. They’ve wasted no time in making this power grab pay. Ivanka recently met the Chinese premier. She got nothing for America, but did snag some patents for her swanky brand in China, a hard to achieve coup and good deal for her.

And daddy is trying to make sure that Ivanka won’t have to pay taxes on the money she makes in China and in the Arab world. Trump wants to allow big business owners to dodge personal income tax by paying at the much lower corporate rate. Ivanka, for instance, will soon structure her income to pay not at a 39.6 percent top personal rate but the new 15 percent corporate rate… if, that is, daddy’s plan works out… READ THE REST HERE

Previous Post

April 26, 2017

Trump Voters Were Fact-Free and Now It Looks As If They Are Also Willingly Even Proudly Stupid: A New Poll Shows They’d Elect Trump-- Again!

Next Post

April 28, 2017 100 DAYS OF TRUMP (It's Been More Like 100 Awful Years)

Browse Our Archives

Select a Category Art children Christmas family parenting political humor politics religion sex Uncategorized

Select a Month May 2017 April 2017 March 2017 February 2017 January 2017 December 2016 November 2016 October 2016 September 2016 August 2016 July 2016 June 2016 May 2016 April 2016 March 2016 February 2016 January 2016 December 2015 November 2015 October 2015 September 2015 August 2015 July 2015 June 2015 May 2015 April 2015 March 2015 February 2015 January 2015 December 2014 November 2014 October 2014 September 2014 August 2014 July 2014 June 2014 May 2014 April 2014 March 2014 February 2014 January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012

TAKE THE

Religious Wisdom Quiz