Posts: 2015 New Year – I talk about the economy

January 3, 2015 Record

I think we need a concise multi point plan not just rhetoric this time. Explain how import tariffs, large restructuring of tax policy.. perhaps a flat tax? – will bring jobs back. Because rebuilding bridges and infrastructure by itself is not by itself enough to do anything other than go deeper into debt. We need a revenue production base again!

That was my comment to the Bernie Sanders facebook page photo post.  What followed was nearly 200 likes within less than a day, if not more, and dozens of participants and comments from other users.

  • Brendon Tristal And cyber, IOT, and power grid are much more important and critical right now… the other things get replaced when they break. The power grid has no backup large transformers and not even THEY are made here!
  • Brendon Tristal Doesn’t matter you can’t force a corporation to do anything. It is corporations that force and dictat what YOU do and what YOU eat, how YOU live your life. What we can do is make it so we are not COMPLETELY destitute.
  • Brendon Tristal Brendon Tristal I am sure there is some way to work out a deal where businesses can make a profit … maybe by shorting the foreign marketsLike · 8 minutes ago
    Brendon Tristal Besides, I did address the fair share re: taxes: 1. An import tax, that must be paid in order to legally have access to the greatest consumer market on this planet (USA) which is quite a privilege.. and it’s a tax they should love, because without it, this won’t be a market anymore. Burger flipper nations generally cannot pay for fancy imports once their credit limit is due.

    As for the flat tax idea… Not necessarily 100% flat but we certainly do not need to spend Billions in overhead just to administer the IRS

  • Brendon Tristal Tax ‘the wealthy’ and ‘corporations’?

    Back then we could get away with that stuff. The geopolitical situation, the global economics today are completely different. Completely and absolutely beyond comparison. We’ve already taxed our corporations to death and all we’ve seen for it is capital flight and cheap Chinese slave goods.

  • Brendon Tristal Does anyone even realize we are living in a giant, government-backed BUBBLE right now? It’s Russia, it’s Europe now.. Greece… now the BRICS are building a sand castle… Are we next? Seriously. Is anyone even considering that the reason our stock market is doing so “well” is because of the zero percent interest rates, and large corporations buying their own stock WITH DEBT??? Does that not concern anyone?
  • Brendon Tristal A lot of people don’t understand the principle of leverage. Archimedes. Large corporations hold a LOT of it; it’s a form of stock. Maybe even better than pure gold to have some leverage in inventory. Political leverage, for example.
  • Brendon Tristal If we say to corporations that have FLED this country to ESCAPE THE TAXES… I highly doubt we can lure them back with the…. promise of new, higher taxes. Lol. And we do nothing to build new businesses, either!! We need to change those things!
  • Brendon Tristal If you’re looking for a better job, or a job period, do you increase your odds by INCREASING your salary requirement? Or do you write “will negotiate” or “per offer”?
  • Brendon Tristal I don’t know. Maybe too many people have simply become indoctrinated to believing that the government can do everything for them.
  • Brendon Tristal Look I really do think the situation now is far worse than before, and I also think it can and should be much better. And I’m not saying the way it is now is right, either. Anyone who draws that conclusion from what I’m saying here, or trying to, either isn’t reading or else issues are so conflated by the two-party back-and-forth system that accomplishing anything politically has become hopeless. For example: I might suggest that if a company is going to relocate out of the country, and then CONTINUE to PROFIT off of the American consumers, but while REMOVING their jobs and ability to AVAIL themselves of that MARKET, then they should be “punished”. But HOW? There is no US jurisdiction in the Chinese market. Hence, the idea of imposing an access fee for the US market.
  • Brendon Tristal Well hey I’m not dictating anything. But we all know where the path of the past several decades has landed us. Both democrats AND republicans… Clinton, Bush, Reagan, Bush, Clinton… makes no difference; it’s a joke. Blame game, taking-credit game, it goes on forever. But I have simply presented some of MY ideas, after researching this sort of thing for several years and studying the issues quite deeply.
  • Brendon Tristal Manufacturing is at the very heart of self-sustainability. If we *as a nation* remain dependent on exports, or, hell… even if we DON’T… Even if we STILL HAVE a high tech sector, a strong banking sector, and so on – we are sacrificing our independence and our infrastructure, our supply chains and manufacturing chains, our ability as a nation to stay out of unending foreign wars is removed.
  • Brendon Tristal Furthermore I believe the national debt is maxed out, that the only reason we aren’t seeing this look even worse is because we keep inflating it even more, debauching our currency… as the rest of the world does the same. For 2014 it was gold that outperformed every world currency, beaten only by, of course, the U.S. dollar, even at zero interest and with QE money printing inflation
  • Brendon Tristal It is like a household that each month, due to maxed out credit cards and paying the bare minimum for interest, has to tell their kids they have to drink water instead of chocolate milk… And then what if there is an emergency? No more wiggle room. Why is that? 2015 could be a bad year… and government spending is the only reason there aren’t riots on the streets right now, like in Greece, Paris, and all over the world.
  • Brendon Tristal Brendon Tristal I think a public discussion is an inherently American thing. Further the idea that it would be harmful is absurd, and if it is true, then this country truly is beyond salvage.Like · 2 mins
    Brendon Tristal If we do not have a voice to ask questions and demand answers of our public policymakers, then what sort of government is this?Like · 1 min
    Brendon Tristal Also, there are plenty of other Independent or non-affiliated politicians, even parties, that CLEARLY lay out their entire platform and explain their agenda to a T. That should be par for the course. Otherwise it’s just a horse and pony show, and a bunch of cheerleading and flag-waving.
  • Brendon Tristal Well, I don’t believe in that Keynesian stuff, that by printing money you can inflate your way out of a bad economy. A social programs economy is the exact reason why we are where we are today. We need to have a COMPREHENSIVE PLAN… a plan that encompasses and directly addresses all the problems and answers all the questions necessary to bring this country back. While people are building our railroads, we can be working on laws that encourage companies to come back into the US.

    But I am SURE that if the government does nothing more than GREASE THE RAILS, no pun intended, for the skids and pallets of FOREIGN PRODUCTION LINES to be delivered here in the US, then it’s JUST MORE CORPORATE WELFARE is it not? When they could have paid for all that stuff themselves. They can’t get product to market without those rails and bridges and roads!

    This isn’t about potholes and safety. It’s SURVIVAL.

  • Brendon Tristal Right, and it should go without saying that we would ALSO lift a lot of the Draconian regulations that we have overzealously and with self-imposed blinders, enacted in the false hope of some Utopian dream (in the process, nearly destroying our nation), thereby enticing these companies to come back and avoid the tariffs by doing the larger assembly and manufacturing operations, INCLUDING mining when possible, ON OUR MAINLAND.

    I can say with CERTAINTY that if we can’t tolerate THAT, then we are TRULY foolhardy, and doomed. If we think “not in my backyard” but still consume and pollute, and then complain about other nations doing those things WHEN THEY ARE DOING IT TO PRODUCE FOR US then the outcome is obvious. SUSTAINABILITY is the buzzword of late… well, there are such things as economic, financial, and political sustainability as well as environmental sustainability.

    Not to mention the sustainability of life itself.

  • Brendon Tristal As we hopefully begin to use more and more so-called renewable energy sources, we also need to build out and shield our electrical control grid, WITH SPARE COMPONENTS in shielded storage. It would be our very death knell if our trillion-dollar power grid were damaged in a manner that would leave us in the Stone Age for years. Then, hopefully, we can at last rid ourselves of requiring oil from overseas, and IN THAT ACHIEVEMENT, we can FINALLY stop having to fight ENDLESS wars just to be able to breathe. And THEN the petrodollar can crash and become irrelevant.
  • Brendon Tristal Otherwise we’re making a lot of fuss about what kind of world we’ll be leaving to our great great grandchildren, while throwing our own selves and the lives of our OWN children into an immediate form of hell.
  • Brendon Tristal Actually the austerity mentality is due to FEAR, which results now from the present state of the economy. Before you can start huge, multi-year, multi-billion dollar projects that can become dead sinkholes… you need to have the power behind a movement. Can’t just guess… There are factors that have led us here, and as long as those remain in place, everything such as infrastructure will simply be more corporate welfare.

    Voluntary austerity, while certainly much better than say Greece right now, and other nations in deep financial trouble across Europe… still causes the problem of stagnant money. If nobody is spending money, because they are afraid of the dire status of the economy right now, then your m2 velocity means you can inflate your currency away like Japan and even with interest rates at zero it won’t help the market. The actual conditions have to change.

    Hopefully we will see interest rates rise this year, as Yellen has been saying.

  • Brendon Tristal Brendon Tristal We not only have outsourcing to deal with… but automation taking jobs away as wellLike · Just now
    Brendon Tristal If you are a US taxpayer, you FUNDED the offshoring of jobs, you PAID to have your job shipped overseas likely to China
  • Brendon Tristal It’s so much cheaper for labor there, that it paid for them to COMPLETELY RELOCATE their operations there… they don’t have to pay any taxes in the US … the politicians are directly in collusion with them, both parties
  • Brendon Tristal It’s all good though… get ready for brand-new bailouts in the Derivatives gambling market
  • Brendon Tristal Brendon Tristal Powerful conglomerates that use the power of our government to set up regulations and BAR-TO-ENTRY policies that make it impossible for the little guy to competeLike · Just now
    Brendon Tristal And taxes funding Wall Street bailouts. This is not Capitalism, it’s Fascism.
  • Brendon Tristal Well, it is true and it’s sad. But these sad facts will never change unless you can imagine Americans CHOOSING not to go to Walmart or buy slave labor goods.. and petition their governments to let them grow their own food and make their own products. Believe it or not thanks to insane enviro-regs, it is becoming illegal even to feed yourself. And why are we the ONLY country force-fed GMOs?
  • Brendon Tristal Our taxes subsidize GMOs but in Europe the companies MUST LABEL the GMOs. Here, despite 92% of us wanting labels, the lobbies are so powerful that they strike down every proposal that would require GMO labeling.
  • Brendon Tristal We have potentially disastrous GMO designer lawns, too now… “extra dark green” and not as much mowing required. Just pollute the entire environment, permanently and irreversibly, why not.
  • Brendon Tristal The important reason I suggested a flat tax is because yet another aspect of the plan needs to involve cutting spending. And a wasteful and not to mention unfair and biased IRS that costs billions of dollars to operate is not something helpful to the country overall. And the main point is that we can’t keep living off of Asia and the Middle East’s “stuff” like oil and cars and toaster ovens, in exchange for some GMOs.
  • Brendon Tristal This country is still going through a virtual fire sale… Asian investors are buying up our most iconic skyscrapers and historic buildings. So much so that it’s inflating property/housing markets. It’s almost as if we’re heading the way of the Chinese “ghost cities” because no working American will be able to afford a lot of the upper-class real estate. Is that good for national security? Not if you aren’t giving the nation up to its creditors.
  • Brendon Tristal Brendon Tristal Well guess what. The amount of taxes the way it’s set up right now means that the super wealthy pay even less tax than poor people do right now. Because a super complicated IRS can’t even function, regressive or not, with subsidies and tax credits I don’t care how regressive it is. We can’t afford to keep doing this. We know what kind of tax rates Romney paid.

    And no, a more regressive tax than a flat tax would be like what we have set up now, where corporations make billions in profit and pay ZERO TAX yet get PUBLIC TAXPAYER MONEY. It’s CORPORATE WELFARE taxing the POOR to give to the RICH that is FAR MORE REGRESSIVE than flat tax

    So many people are duped into being afraid of a FIRM system that you can’t cheat… All those corporations making billions of profit? Guess what guys? 10%! Boom. What say to that

  • Brendon Tristal Of course, none of this really matters, because reform will never happen. But it is helpful to at least try and have an understanding of what would work.
  • Brendon Tristal General Electric received a tax subsidy of nearly $29 billion over the last 11 years. While dodging paying its fair share of federal income taxes, GE pocketed $21.8 billion in taxpayer-funded contracts from Uncle Sam between 2006 and 2012.
    Honeywell had profits of $5 billion from 2009 to 2012. Yet it paid only $50 million in federal income taxes for the period. Its tax rate was just 1 percent over the last four years. This gave it a huge tax subsidy worth $1.7 billion.
    Merck had profits of $13.6 billion and paid $2.5 billion in federal income taxes from 2009 to 2012. While dodging its fair share of federal income taxes, it pocketed $8.7 billion in taxpayer-funded contracts from Uncle Sam between 2006 and 2012.

    http://billmoyers.com/…/10-companies-that-dodge…/

    Corporate taxes are near a 60-year low, in part because…
    BILLMOYERS.COM
  • Brendon Tristal Corporate giants such as telecom firm Verizon, drugmaker Bristol-Myers Squibb and power management firm Eaton, all reported effective tax rates of 0% during the past 12 months. The findings underscore that while many companies bellyache about the top federal income tax rate of 35%, in reality, many pay much less than that, says Nick Yee of Gradient Analytics. “Investors hope company management is doing everything they can to generate profit, legally,” he says. “But the tax code is gray, and there’s often no set guidance.”
    http://www.usatoday.com/…/big-companies-pay-no…/2480281/

    Despite widespread groans about the recent disclosure that Apple is finding ways to cut its federal tax bill, an analysis…
    USATODAY.COM
  • Brendon Tristal Economists estimated in 2011 that the United States needed $2 trillion in immediate investments just to bring its infrastructure up to date, and with borrowing costs low and the nation’s unemployment rate still high, such investments would allow the country to fix its crumbling roads and bridges while also putting unemployed Americans back to work. President Obama is attempting to take advantage of that opportunity by releasing a budget that takes billions of dollars in war savings and pours them into infrastructure investments and job creation programs.

    http://thinkprogress.org/…/02/13/423814/obama-jobs-budget/

  • Brendon Tristal Spending is an issue in my opinion. Wasteful government programs such as bailouts and kickbacks, a PURCHASED Congress that only acts in the interests of its corporate lobbyist masters … is a big issue. There is tons of revenue. It’s all coming in. But it’s coming in as DEBT, and if you try a 90% income tax you will just see more shell games and more corporations with tax shelters and effective tax rates of 0% while getting subsidized. Like we have right now.

    BEHOLD! Observe as OBAMA pushes forward with the TRANS-PACIFIC PARTNERSHIP. You can see what’s happening here.

  • Brendon Tristal Without import tariffs we’ll continue to see Bernie Sanders’ own statistics remain true, regarding corporate tax dodging and shell games. You can’t tax an income that isn’t even declared. Corporate profit? What is an American company? It’s meaningless. What we are talking about is WALL STREET. Period. If you could tax what goes on in WALL STREET… it would make our existing tax base look like a joke. What we have now is a system of reverse Robin Hood. Our tax structure uses the poor to go after the middle class for taxes while the top level wealthy people laugh all the way to their personally owned banks. Lol
  • Brendon Tristal When I say a flat tax, what I mean is the complete WIPING OUT of the IRS tax structure after imposing a brand-new tax structure that requires basic services to be paid for by all, equally, and there would be no PUNITIVE taxes that DISCOURAGE productivity, but likewise there would be NO form of tax shelters other than strictly operated NON PROFIT organizations. The tax code is so complicated that there are ENTIRE INDUSTRIES created around them. Like the law industry, it has a purpose but then there comes a point of diminishing returns, where it’s just financial manipulation that’s going on. After a flat tax the people will again have to choose what is important and what is not. Revenue is only a problem when the spending is too high for the given revenue, so to argue that is like saying the torch is too hot without knowing what you’re trying to weld or cut. Any revenue is the RESULT of spending. The way money works is that it is FINITE, and tax revenue is limited to spending.

    Where is the spending? Where is the building? Much of it is overseas. We’ve seen overseas investments in foreign lands and markets to such an extent that our own country’s income is really nothing but a reflection of that foreign growth. We are seeing our wages sit still and even REVERSE over the past few decades as a result. It’s simply NOT PROFITABLE anymore, to have your corporate base of operations in the United States. We’ve watched the middle class being destroyed by bad policies much of which are put into place with the ARGUMENT of FAIRNESS or helping the poor. That is the ARGUMENT USED; it is NOT the effect in reality. That is, unfortunately, what so many do not understand. Or they see it but just keep doing it anyway.

    A good rule of thumb to go by is that whatever the NAME or TITLE of a new law or bill is, and however it is being pitched to the public, the OPPOSITE is likely to be the actual reality.

    Look at NAFTA and TPP.

  • Brendon Tristal The human beings will have to face the fact that all of the wonderful programs their politicians bring to them ARE NOT THINGS THEY ACTUALLY WANT TO PAY FOR. We MUST STOP seeing the offers of politicians as FREEBIES or offers of services WITH NO COST. There IS a cost… and it is huge! Hiding and burying it into a future Black Swan default doesn’t help. A lot of people have made comments to the effect that they don’t want austerity. REALLY? You don’t want austerity? Then WHY do so many people who hate austerity ADVOCATE for policies that make austerity all but AN INEVITABILITY?
  • Brendon Tristal The people bankrupting this nation TODAY, are the same ones who in the future are going to be RIOTING in the streets when the fruits of their labor are made apparent
  • Brendon Tristal I think if people studied international politics and observed what happens in reality… in the actual historical record, and how events play out over and over and over again the same exact way, they would see how much trouble our nation really is in right now, and would perhaps stop bickering about “the wealthy must pay 90%” Do they even realize what they are saying?
  • Brendon Tristal We ALREADY see examples of what human behavior DOES in such environments. We see people PURPOSELY EARNING LESS in order to FIT into a LOWER TAX BRACKET! Purposely earning less because it means MORE money in their pocket to EARN LESS. Seriously! And we even see some people, no matter how politically incorrect it is, carelessly having children because they just leave it up to the government to cover the costs. Instead of having a prudent and functional financial house in good order, we have a DISASTER.
  • Brendon Tristal Statistics like that seem to mean that food prices need to rise
  • Brendon Tristal Will pay out dividends. Lol
  • Brendon Tristal The same people who today are demanding expanded social programs and other services they see as “free” from the politicians, with no mind paid to the national debt, who dread “austerity” – ARE the same people who will be rioting in the streets, when the fruits of their labor… are made apparent to them.

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