Phony Populist Trump Signs Order To Deregulate Wall Street, Enable Corp Tax Avoidance

[Acidbaron]

How many crashes do we need to have before these morons learn? my guess is these free market magic masters of the universe idiots never will.

Market crashes reward these practices as tax payer money will be used to save certain industries that are too big to fail while the common man pays for it once more. Why change strategy when at best it does is remove competition not leaning close to the government and thus not first in line to receive credit

[Shadowferal]

During the Obama administration we saw the greatest expansion of wealth to the top 1% ever. We also have trillions of dollars of revenues parked overseas because nobody cares to pay 35%.

Money that was permitted by law to transfer overseas...that shit began during the Carter admin when congress amended the Internal Revenue Code to provide tax credits for businesses that established subsidiaries in US possessions, notably Puerto Rico, since the islanders are US citizens. So when a company closes up shop, terminating workers that make a healthy wage, and reopens up in PR, hiring a workforce that makes less than half the wage, said company gets a tax break. (Tax breaks for hiring cheaper labor...a double whammy)

To be honest there were provisions in the IRC that did encourage investment in PR (back in the early 1920s), but the 1976 TRA had a twist that sent companies running over there.
Under the old law, a subsidiary of a US company operating in PR had to pay federal income taxes earned there when it transferred profits back to the US. A company could accumulate its profits, year after year, on the island and pay no taxes. But taxes had to be paid when the subsidiary paid dividends to its parent company. The new law exempted the dividends or profits and allowed them to be shipped back to the US tax free.

I assure you things have become far worse since every president afterwards adopted this shitty Libertarian business friendly bullshit. (Alan Greenspan should have received more of a beating for that nonsense that led to the crash in '07-'08)

[Jeezy911]

I can't wait until Trump wins again in 2020. That will be a fun day.

[Kujako]

I can't wait until Trump wins again in 2020. That will be a fun day.

I see very little to support the idea that Trump actually wanted to win the election. I think he lost, just like the rest of us.

[Theodarzna]

Rejoice Clinton supporters! You get what you wanted anyway.

[frogger237]

How many crashes do we need to have before these morons learn? my guess is these free market magic masters of the universe idiots never will.

Its not about learning its about making sure you get an extra piece of the pie before the dennys burns down. They have the money and resources to leave a country if they fuck it up bad enough.

[shimerra]

Rejoice Clinton supporters! You get what you wanted anyway.

You to get over your fear of demons in emails?

[Theodarzna]

You to get over your fear of demons in emails?

Right, I forget, Hillary was Radiant Light unto All Nations and was always destined to never do anything anyone could dislike and was 100% honest about everything.

:3

[Moralgy]

Rejoice Clinton supporters! You get what you wanted anyway.

Why even bring up Clinton?

[BrerBear]

Rejoice Clinton supporters! You get what you wanted anyway.

You sure are bitter for a spoiled rich kid.

[JohnBrown1917]

You sure are bitter for a spoiled rich kid.

Defending Trump is very hard for them.

[Kujako]

Why even bring up Clinton?

'cause "but Clinton" is the only excuse some people have for supporting Trump.

[Glorious Leader]

'cause "but Clinton" is the only excuse some people have for supporting Trump.

It asanine. Are we gonna be hearing about hillary and obama 2 years from now?

[melodramocracy]

What an original joke! Good stuff!

It's the steadfast economic solution of the right wing, regardless of how often it's been proven to be a complete failure in practice. The joke is the person who continues to advocate it.

- - - Updated - - -

Why even bring up Clinton?

The Trump devout are incapable of critiquing their own messiah on his own merits.

[Z-Man]

Lul.. who even is this guy? He is Trump in name only. He no longer represents the interests of the people who voted him in with all the stuff that has been going on recently. RIP globalists stole the white house from Trump.

No, he is Trump. The Donald. This is who he is. Spending other people's money is what he does.

We're you really expecting the New King to change once you gave him the keys to the vault?

[JohnBrown1917]

It asanine. Are we gonna be hearing about hillary and obama 2 years from now?

If its up to to Trump? yes.

[Sunseeker]

It asanine. Are we gonna be hearing about hillary and obama 2 years from now?

Probably. /10char

[Adam Jensen]

Right, I forget, Hillary was Radiant Light unto All Nations and was always destined to never do anything anyone could dislike and was 100% honest about everything.

:3

She wasn't perfect. Hell, she wasn't a good candidate at all.

But she isn't the dumpster fire the Trump Administration has become.

[Tijuana]

Enjoy being conned by hypocrite Trump and his Wall Street team.

Some news of the executive order: http://thehill.com/policy/finance/32...rs-at-treasury

Anyone who thinks Dodd-Frank is some great bill, that needs no changes, is not paying attention. It is a HUGE over reach of government, and it has caused great harm to the public, in the name of helping the public.

I personally like some of the things in Dodd-Frank, that have greatly benefited my business (via increased integrity of my competitors). But, there are big problems with bill, and the notion that any changes to it are a crime against the public is just Liberal nonsense.

[Draco-Onis]

Anyone who thinks Dodd-Frank is some great bill, that needs no changes, is not paying attention. It is a HUGE over reach of government, and it has caused great harm to the public, in the name of helping the public.

I personally like some of the things in Dodd-Frank, that have greatly benefited my business (via increased integrity of my competitors). But, there are big problems with bill, and the notion that any changes to it are a crime against the public is just Liberal nonsense.

I don't think anyone is against revisions and making regulations better, Dodd-Frank just like most wall street regulations has become bloated thanks to lobbyists. The Trump's administration stance is that regulation is bad and hurts the economy. They have stated that the only reason they don't get rid of Dodd-Frank altogether and let the free market use its magic powers to solve everything is because it is a law and they need congress to make major changes.