Posts Tagged ‘the one percent’

Steve Mnuchin Inadvertently Tells the Truth

April 9, 2018
Steve Mnuchin Inadvertently Tells the Truth

Steve Mnuchin and wife  view the tax refunds of average Americans.

“… government operates for the disproportionate benefit of oligarchs and government elites,” admits U.S. Treasury Secretary Steven Mnuchin.

Mr. Mnuchin was referring to the Russian government, but we fail to see any distinction from the way he and other Trump Administration billionaires operate in the USA. “Oligarchy” is not just a Russian word.

And the world’s oligarchs are globalized:

“U.S. sanctions ensnare Russians with ties to Trump world,” John Hudson and Paul Sonne, Washington Post

“Mueller’s team questioning Russian oligarchs,” Kara Scannell and Shimon Prokupecz, CNN

“NRA’s ‘Man in Moscow’ Hit by New U.S. Sanctions,” Daily Beast

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Trump to Meet Real Billionaires at Davos

January 12, 2018

Trump to Meet Real Billionaires at Davos

Serial bankrupt and reality-TV star Donald Trump will meet some real billionaires when he joins the global titans of business, finance, and economic policy in two weeks at the 48th World Economic Forum Annual Meeting in Davos-Klosters, Switzerland. Mr. Trump, an ethnocentric isolationist who publishes his economic policy on baseball hats, will converse with Nobel laureate economists, world leaders, and international financiers on the theme “Creating a Shared Future in a Fractured World,” which “will make a case for renewed commitment to international collaboration as a way of solving critical global challenges.” Since this is the kind of elite crowd and Globalist agenda Mr. Trump campaigned against, his presence at the Forum is baffling, especially since the Davos golf season ended in October.

The 2018 Forum is co-chaired by 7 powerful womenSharan Burrow (General Secretary, International Trade Union Confederation), Fabiola Gianotti (Director-General, European Organization for Nuclear Research – CERN), Isabelle Kocher (CEO of French multinational electric utility company ENGIE), Christine Lagarde (Managing Director, International Monetary Fund — IMF), Ginni Rometty (Chairman, President and CEO, IBM Corporation), Chetna Sinha (Founder and President, Mann Deshi Mahila Bank and Mann Deshi Foundation), and Erna Solberg (Prime Minister of Norway). Mr. Trump’s last meeting with women of so many nations involved a swimsuit competition, and didn’t have a code of conduct.

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Gloves, Because Poor People Touch These Things

November 21, 2017

Gloves, Because Poor People Touch These Things

Hedge fund manager and foreclosure king Steve Mnuchin, the current Secretary of the Treasury, recently visited the U.S. Mint to see newly-printed currency with his name on it. Mr. Mnuchin was clad in a plain dark suit, accessorized with a red tie and his newly-minted wife, the minor film star Louise Linton. Ms. Linton once represented a Scottish leather goods company, and was disappointed that her name could not be printed on the bills next to her husband’s as the Treasury’s “Brand Ambassador.”

Louise Linton was clad in about $10,000-worth of black leather Michael Kors garb she ordered straight from the catalog. The gloves alone cost $625; it would take more than a dozen of those uncut $1 bill sheets she’s holding to buy them.

Mr. and Mrs. Mnuchin previously raised the public eyebrow when they took a government plane to view the total eclipse from the roof of Fort Knox, the U.S. Government gold depository. “Glad gold is safe!” tweeted the Secretary later, probably because his wife wasn’t carrying a bullion-sized purse. Ms. Linton wore Hermes, Tom Ford, and Valentino for that occasion.

More:

“‘Like Bond villains’: What happened when Steven Mnuchin and his wife posed with a sheet of money,” Eli Rosenberg, Washington Post

“Louise Linton Clearly Wants America to Hate Her as Much as Possible,” Lizzie Crocker, Daily Beast

“Louise Linton Gets Mocked for ‘Disney Villain’ Style After Previous Tone-Deaf Outfit Controversy,” Jillian Ruffo, People

“With Long Leather Gloves, a Sheet of Money, and a Smize, Louise Linton Strikes Yet Another Pose in DC,” Kaitlin Menza, Vogue

“The Treasury Secretary’s Wife,” Kevin D. Wiliamson, National Review

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You Paid $41 Million So Trump Can Golf In New Jersey

July 28, 2017

You Paid $41 Million So Trump Can Golf In New Jersey

“Rep. Leonard Lance, a New Jersey Republican, announced Wednesday that the small town of Bedminster — population 9,000 — has been designated a priority for the Secret Service.

The township is home to Trump National Golf Club Bedminster, one of Trump’s favorite retreats. His daughter Ivanka Trump and Jared Kushner were married there, and Trump summoned advisers there for post-election transition planning.

With the official designation as a presidential residence, Congress appropriated up to $41 million to cover security costs incurred between the Jan. 20 inauguration and Oct. 1, which starts a new fiscal year. Trump’s residences in Florida and New York already get such funding.

The costs are incurred by state, county and township law enforcement officers when Trump comes to town, as he did this month for the U.S. Women’s Open golf tournament.”

— “Trump’s Third Home Away From Home To Cost Taxpayers Millions,” Peter Overby, NPR News

More:

“15 Surprising Facts About Trump’s Bedminster Golf Club in New Jersey,” Ashley Hoffman, TIME Magazine

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Ivanka Adds Book-Like Object to Product Line

May 9, 2017

Ivanka Adds Book-Like Object to Product Line

Ivanka Trump isn’t just the Official White House Lifestyle Guru, she’s a favorite POTUS daughter, multimillionaire wife, nanny-hiring mother, former model, and retail brand! On May 2nd, Ivanka Inc. released a compilation of mis-applied quotations and alleged career advice for women called Women Who Work. This handsome volume would look absolutely fabulous on a Trump Home by Dorya Cocktail Table.

By a strange coincidence, “Women Who Work” is the marketing slogan for Ivanka Trump clothing, jewelry, and accessories. And talk about your coincidences, around the time of the book release Ms. Trump took a high-profile jaunt to Europe, was profiled in the New York Times, chatted in the West Wing with “CBS This Morning,” and appeared with SBA chief Linda McMahon at the U.S. Institute of Peace. It’s not a government-enabled book tour, though. Of course not.

Another coincidence: The State Department tweeted a photo promoting Women Who Work.

But what do the critics say about Women Who Work?

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Goodbye Palm Beach; Hello Bedminster

May 5, 2017

Goodbye Palm Beach; Hello Bedminster

In May, as Florida heats up, flocks of migrating golf bums head north. This weekend our Golf-Bum-in-Chief has landed in New Jersey‘s Trump National Bedminster Golf Club. You can join him for a mere $350,000 initiation fee and thousands a year in dues, food, drinks, and facilities charges. Not to mention golf bets and tips for caddies, waiters, and parking valets.

While the stop-gap federal spending bill will reimburse Bedminster Township police overtime for round-the-clock security, it does nothing to mitigate Somerset County resident headaches due to the road closures, traffic congestion, and inevitable protests attendant on the Garden State presidential golf excursions.

We hope all this doesn’t scare the goats. Mr. Trump keeps about 4 of them on the luxury property to pretend it’s a farm, which lowers his taxes from about $80,000 to less than $1,000 a year. Does this mean there’s fresh chèvre and cabrito on the club’s menu?

More:

“6 Things to Know About Bedminster, NJ, Trump’s Summer Getaway,” James Ramsay, WNYC

Updates:

“Trump reportedly hits the links in NJ,” Brandon Carter, The Hill

“Could Trump golf course get slapped with a tax to cover cost of his N.J. visits?” Claude Brodesser-Akner, NJ Advance Media for NJ.com

“Anti-Trump protesters take to Bedminster, gear up for summer rallies,” Nick Muscavage, Courier News and Home Tribune

“‘Spend Your Free Time In A Red State’: A motorcade of protesters rolls by Trump’s N.J. property,” John Wagner, Washington Post

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Top image. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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It’s Magic! Trump’s Tax Cut Will Pay for Itself.

April 27, 2017

It's Magic! Trump’s Tax Cut Will Pay for Itself.

On Wednesday the Trump Administration rolled out its Tax Plan, less a ‘plan’ than a plutocrat’s wet dreamCorporate tax rate slashed, huge new pass-through business loophole opened, giveaways to wealthy heirstaxes for the rich slashed and their nannies and mansions subsidized through tax deductions.

This won’t produce a federal revenue shortfall, the Tax Fairy promises; tax cuts for the wealthy will pay for themselves.  How? Magic! The same magic that worked so well during the 30 years of the GOP’s trickle-down, deregulating, big-corporate, no-taxes-for-the-rich philosophy, the failed policies that crashed the world economy when Republican leadership was last inflicted upon the nation, making the rich even wealthier at the expense of the rest.

More:

“Trump’s treasury secretary: The tax cut ‘will pay for itself,'” Damian Paletta and Max Ehrenfreund, Washington Post

“Mnuchin: Our Tax Cuts for the Rich Are Not About Cutting Taxes for the Rich,” Jonathan Chait, New York Magazine

“The New GOP Math: ‘Dynamic Scoring’ Doesn’t Add Up.” NotionsCapital

Update:

“37 top economists all say Trump’s tax plan won’t pay for itself,” Alexia Fernández Campbell, Vox

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Access to the President? Join the Club!

February 20, 2017

Access to the President? Join the Club!
Membership has it’s privileges, especially for those who shelled out $300,000 to join the Trump National Golf Club in New Jersey.

Back in November, President elect Donald J. Trump paraded his prospective cabinet officers into the clubhouse of his Bedminster golf club for job interviews. Now it turns out he invited random club members to sit in. Politico just got the audio, recorded by someone who was in the room. Here’s a transcript:

“We’re doing a lot of interviews tomorrow — generals, dictators, we have everything. You may wanna come around. It’ll be fun. We’re really working tomorrow. We have meetings every 15, 20 minutes with different people that will form our government.”

“We’re going to be interviewing everybody — Treasury, we’re going to be interviewing Secretary of State. We have everybody coming in — if you want to come around, it’s going to be unbelievable….so you might want to come along.”

The pattern continues now that Donald Trump is President and Golf-Cheat-In-Chief. While he was entertaining Japan’s Prime Minister Abe in the public dining room of his Mar-a-Lago Club in Florida ($200,000 membership fee), aides alerted him about a North Korean ballistic missile test, and they discussed the US response in full view and earshot of the club’s members. One club member even got a selfie with the serviceman who carries the “nuclear football.” House Oversight Committee Chair Jason Chaffetz was not amused.

Mr. Trump believes that only the rich should play golf, so if you have the bucks to pay and play, you can chat with him about the nation’s business as well as your own.

More:

“Leaked Trump tape: ‘You are the special people,'” Darren Samuelsohn and Anne Karni, Politico

“Trump ran a campaign based on intelligence security. That’s not how he’s governing.” Philip Bump, Washington Post

“Sun, Sand and Influence: For Mar-a-Lago Members, Proximity Is Power,” Nicholas Confessore, Maggie Haberman, and Eric Lipton, New York Times

“Trump’s Presidency ‘Enhances’ a $200,000 Mar-a-Lago Membership,” Chas Danner, New York Magazine

“Democrats demand Mar-a-Lago list of members, visitors,” Matthew Nussbaum, Politico

“Shouldn’t We Know Who Else Is at the ‘Winter White House’?” George Zornick, The Nation

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Jeb Drops Out

February 21, 2016

Jeb Drops Out
John Ellis “Jeb” Bush, 3th Earl of Bush son of the 41st US president and brother of the 43rd, has suspended his campaign for the 2016 Republican presidential nomination. The Republican Party establishment faces a grim choice: Hold its nose and back Rubio, pretend John Kasich can win, or move even more of its personal wealth to Cayman Island banks.

More:

“Jeb Bush never really had a chance in the 2016 presidential race,” Chris Cillizza, Washington Post

“Unforced errors and miscalculations end Bush’s White House hopes,” Steve Holland, Reuters

“Jeb Bush: The big campaign that just couldn’t,” Janelle Ross, Washington Post

“Fall of the house of Bush: how Jeb fell victim to hype, hysteria … and himself,” Sabrina Siddiqui and Adam Gabbatt, The Guardian

“The overhyped rise and spectacular fall of Jeb Bush, in 19 devastating quotes,” Becca Stanek, The Week

“Bush’s Befuddled Goodbye and the Risks of Trump Denialism,” Amy Davidson, The New Yorker

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Davos 2016

January 20, 2016

Davos 2016

The billionaire masters of Planet Earth and their pet politicians are in Davos this week for the 46th World Economic Forum. The US is sending a high-powered team led by Joe Biden, John Kerry, Kevin Spacey, will.i.am, and Leonardo DiCaprio. You can join them for a mere $31,473 a ticket, if you’ve paid your $50,000 WEF dues. Hotel, dining, and valet parking are extra. Gatecrashers and the improperly dressed will be politely turned away by police and 5,000 Swiss soldiers.

 

The Forum is going to be really inconvenient this year due to security concerns. You’ll have to land your private jet at Dübendorf military airbase and get to Davos by limo, helicopter, or horse-drawn carriage.

This year’s agenda will focus on Industry 4.0, aka “The Fourth Industrial Revolution … the fusion of technologies across the physical, digital and biological worlds which is creating entirely new capabilities”and replacing laborers with robot employees. Naturally, Forum members want to speed up that process. And WEF is concerned about women, too, and that’s why this year almost 20% of Davos attendees are women. Progress!

More:

“62 People Own Half the World’s Wealth, Oxfam Says Ahead of World Economic Forum,” Pan Pylas, NBC New York

“Get a grip on inequality, leaders urged in run-up to World Economic Forum,”  AP via Chicago Tribune

“The 2016 World Economic Forum Misfires With Its Fourth Industrial Revolution Theme,” Jeremy Rifkin, Huffington Post

“Davos Robot Eclipses Davos Man as Gloom Descends on World Elite,” Simon Kennedy, Matthew Campbell, The Guardian

“Industry 4.0 to be huge job killer,” Deutsche Welle

“Robots put five million jobs at risk,” SwissInfo.ch

“Report from Davos: ‘Men still run the world—and it’s not going that well,’” Jenny Anderson, Quartz

“The failure of Davos,” Felix Salmon, Fusion

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