Category Archives: Taxation

‘Read My Lips: I’ll Build The Wall’

Bush, Donald Trump, Ethics, IMMIGRATION, Politics, Taxation, The State

“Read my lips: no new taxes.”

That pledge was the centerpiece of Bush’s acceptance address, written by speechwriter Peggy Noonan, for his party’s nomination at the 1988 Republican National Convention.

[Time magazine]

What will President Trump’s political epitaph be?

“Read My Lips: I’ll Build The Wall.”

RELATED:

Amid the slush of sentimentality over the death of George H. Bush, nobody in media made mention of where “W” (shrub Jr.) had been when he bid farewell to his father.

The State, remember, is not The People. The interests the dead pursued, for the most, were not those of ordinary Americans.

Maybe Israel can help?

The invisible Wall:

UPDATED (8/22): Paul Manafort’s Lawyers Decide To … Gamble. What’s There To Lose Except The Rest Of Client’s Life

Justice, Law, Taxation

His life is on the line—the rest of it—yet Paul Manafort’s lawyers have opted for a risky defense strategy. Risky when so much is at stake.

Instead of mounting a defense against the oddly timed prosecution out of the Special Counsel Robert Mueller’s office, Manafort’s lead attorney Kevin Downing decides to wing it. His defense relied on cross examination of the prosecution’s witnesses.

Apparently the belief is that juries are sophisticated enough to discern that “the government has not met its burden of proof.”

“This is very common after prosecution rests to file a motion saying they didn’t meet the burden beyond a reasonable doubt,” said John Cohen, a former homeland security official and ABC New contributor. “Typically, this doesn’t work.”

Manafort’s lawyers clearly felt that gambling was the way to go, here. After all, what’s there to lose? The rest of their client’s life?

UPDATE (8/22):

Dumb lawyer gambled with his client’s life and the client lost.

UPDATED (8/2/018): ‘FREEDOM’ Is Feeling The Full Weight Of The State Come Down On You

America, Criminal Injustice, Democracy, Law, Liberty, Taxation, The State

When the full weight of the state can be brought down on one man, and when that man is not a criminal in any meaningful sense—remember, taxation is legalized, state theft of private property—you know that man, Paul Manafort, in this case, was never free.

AND you know YOU are not free. Beware!

BUT, “Our democracy” is under threat. The Russians, the Russians.”

As usual, Tucker is the only sane member of Big Media.

Related (no partisanship, please): “The Robert Mueller Inquisition Is The Star(r) Chamber By Any Other Name”

More “free” people of the West. Having to defend yourself against the state for saying stuff:

UPDATE (8/2/018):

TRUMP Trade Tactics Are About WINNING Negotiations

Canada, Free Markets, Labor, Taxation, Trade

I love Canada, am a Canadian (and American) citizen, have Canadian loved-ones. I don’t want to see Canadians hurt.

It’s true, however, that, in the artificial universe of trade agreements, previous US leaders have shown they don’t care about US workers. Trump’s the opposite. He’s using American power to muscle deals he believes are beneficial to American workers.

Canada taxes purchases of American goods starting at $20, whereas America starts taxing Canadian goods at $1000. Trump has said he’s love for trade to be entirely and mutually without tariffs:

“No tariffs, no barriers. That’s the way it should be. And no subsidies. I even said, ‘no tariffs’,” the US president said, describing his meetings with fellow Group of Seven leaders as positive “on the need to have fair and reciprocal trade”. “The United States has been taken advantage of for decades and decades,” he continued, describing America as a “piggy bank that everyone keeps robbing.”

But since that’s not going to happen …

“Canada is going to have to make some concessions,” says Laura Dawson, head of the Canada Institute at the Woodrow Wilson Centre in Washington, DC. Among them might be raising the threshold at which Canada taxes purchases of American goods from C$20 to around C$1,000, the American level. Canada might consent to more onerous conditions for a vehicle to be imported duty-free within NAFTA, including on wages and the amount of North American content.

And of course, the American market is enormous. Trump knows it. Leaders before him no doubt knew the power of American markets but refused to use it:

Canada gamely argues that the United States would also be hurt in a trade war. Canada is the biggest destination for exports from 36 of the 50 American states. Bilateral trade in goods and services is immense: $674bn in 2017. It is also, despite what Mr Trump says, balanced. In 2017 the United States had a small surplus with Canada, of $8.4bn. Yet Mr Trudeau’s bargaining position is weak. “We absolutely need them, but they could live without us,” says Philip Cross, an economist.

BESIDES,

Canada’s system of supply management, which sets limits on the production of dairy, poultry and eggs, has long irritated the United States (and should anger Canadians, who pay more for food than they need to). Canada subjects imports of those products beyond a ceiling to punishing tariffs (298% in the case of butter). Mr Trump has been angry about this since he met dairy farmers from Wisconsin in April 2017.

The article is “Canada: Breaking a few eggs: The economy is already feeling the effects of Donald Trump’s trade war,” courtesy of The Economist.