Sunday, October 23, 2016

Network - The Trump Movie

Anybody who wonders where Donald Trump’s support comes from should watch the movie “Network.”  The best known scene is when the lead character Howard Beale, a TV news anchor, has much of America screaming, “I’m mad as hell, and I’m not going to take this anymore.” This could be the theme of Trûmp’s campaign.


In the movie, Beale is thought to be having  mental breakdown, although he sees it as telling the truth on TV.  He has such power and appeal to the masses, because, like Trump, he has access to the airwaves.  His network uses his followers to build ratings until he rants against a huge media merger involving his network, much like the AT&T-Time Warner merger announced today, except that the buyer in the movie is a Saudi Arabian corporation.  The senior American involved in the deal persuades Howard to stop ranting against the corruption of American business and government and to support the merger because big business is good for America.  As Howard praises big business, his rating drop, and his bosses finally have him killed to get is low-rated show off the air.  


The media is responsible for Trump’s rise to the Republican nomination, because his candidacy has been good for ratings, mainly for cable news, but for mainstream networks as well.  On one hand the cable networks show Trump almost 24/7 because he drives up ratings.  On the other hand, their commentators spend hours railing against him as a politician and as a human being, filling the airwaves with invective, much like the bullying insults filling Twitter and Facebook.  Respected commentators like Wolf Blitzer, Andrea Mitchell, Charlie Rose, Joe Scarborough, and many others boil with righteous indignation against Trump, all the while driving up their ratings and putting money in their pockets.  While it often appears to be Jewish racial hatred against Trump for some reason, it may be just the establishment railing against the anti-establishment Trump, and it appears so because the American “establishment” is dominated by Jews.  (See Haim Saban on the cover of Businessweek.)

When Trump says the election is “rigged,” maybe he means it is rigged by the biased press, and maybe by the press he means Jews, who control much of the press -- TV, print, and online.  Clearly, redistricting Congressional districts by gerrymandering to make certain districts white, others black or Hispanic, and so on, are examples of rigged elections.  Blacks always rail against voting restrictions in the South, but the Jewish establishment does not accuse them of undermining democracy as it does Trump.  Why is it that liberal, Jewish, establishment attacks on “rigged” elections in the South promote democracy, but Trump’s attacks on “rigged” elections in other regions jeopardize democracy?  Only the liberat, bigoted, Jewish, establishment press can answer that question.  Could it be that they hate and want to destroy the conservative, redneck whites in the South?    It’s clear that elitist Hillary never cared for the whites in Arkansas, even when she was first lady, although her glad-handing husband Bill pretty much likes everybody, at least outwardly.  

Thursday, October 13, 2016

Jews and Inequality 2

The growing inequality in America raises questions about race and ethnicity.  Usually this conflict is put in terms of blacks versus whites or Hispanics versus whites, but increasingly for me it is Jews versus everybody else.  Jews dominate Wall Street, and Wall Street is where the money is.  In addition to the overall inequality issue, there is the perception that financial manipulators -- bankers, hedge fund managers, real estate investors -- are doing much better than ordinary salaried people who work for a living.  The increase in financiers’ income accounts for much of the increase in GDP growth since the 2008 Great Recession.  Regular people are becoming worse off in comparison to Wall Street and Silicon Valley types, a disportionate number of whom are Jewish.     


On the Forbes 400 richest list for Americans, the first three are not Jewish: Bill Gates, Warren Buffett, and Jeff Bezos.  After them, however, come Mark Zuckerberg, Larry Ellison, and Michael Bloomberg, who are Jewish.  Next come two Koch brothers, not Jewish, but followed by Larry Page and Sergy Brin of Google, who are Jewish.  So, of the top ten richest Americans, half are Jewish.  Of the next ten, four are Jewish, and two are from the Mars family, which is so secretive I can’t tell whether or not they are Jewish.  In any case, at least nine of the top twenty are Jewish.  Considering that Jews make up about two or three percent of the population, making up 45% of the richest Americans seems disproportionate.  


It appears that Jews play a disproportionate role in inequality in the US.  They may be smarter, more expert at finance, business and technology, but society should even out the results somehow.  It should be fair to Jews and to the rest of America.  I don’t know what it would be, except higher taxes, including inheritance taxes.  Of course, rich people would just move to other countries where the taxes are lower, as businesses are doing now to escape corporate taxes.  Perhaps super rich people who move abroad could be banned from trading on the American stock markets, or from participating on the boards or American corporations, or some such measure to make it undesirable to leave the US.  


My concern with Hillary Clinton is that she has been captured by the wealthy Jewish community and will do what they want, despite the fact that she has said that she is in favor of higher taxes.  Bill Clinton had a number of prominent Jews in his administration, and I believe that he showed he will do anything they ask by repealing the Glass-Steagall Act restraining market speculation by banks, and by pardoning Marc Rich on the last day of his presidency.  Bill then said, “I did what you wanted, now take care of me.”  And they did.  The Clintons joined the super rich in a few years with the help of their Jewish friends.  These Jewish friends now believe that they can count on Hillary to do whatever they want.  She proved herself as Senator from New York, who with her fellow New York Senator, Jewish Chuck Schumer, proved herself one of the most supportive of the Jewish financial community in the US Senate.  New York is West Tel Aviv, and Hillary was its Senator.  


The other thing that worries me, besides Hillary, is the Federal Reserve Bank.  Every Chairperson of the Fed since 1979 has been Jewish, 37 years.  Currently, Janet Yellen’s vice chair, Stanley Fischer, is a citizen of Israel as well as of the United States.  He was  the governor of the Bank of Israel before moving to the US Federal Reserve.  In the Senate, 10 of 100 senators are Jewish (10%); in the House 19 of 435 congressmen are Jewish (4%).  Three of the eight Supreme Court justices are Jewish (37%).. Henry Ford, the founder of Ford Motor Company has been widely reviled as an anti-Semite, but he was very concerned about Jews and the banking industry, particularly their involvement in the Federal Reserve Bank.  One of his most famous quotes is, “It Is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”  He went on to write a book called The International Jew, which drew heavily from the Protocols of the Elders of Zion.  Ford was very concerned about the great power of Jews in banking.  While Ford may have had some personal hang-ups, I worry that the extreme financial inequality growing in the US is due to some extent to the prevalent role of Jews in the American financial industry.  The fact that Ford predicted this situation does not necessarily mean that he was right about the cause and effect, but there is at least prima facie evidence that he was right. Because the Federal Reserve has become a Jewish institution, and because Jews are so influential in the financial industry, I worry that there is collusion between the Fed and Wall Street that benefits many of the Jews involved.  .


Many Jews are good people, more honest and straightforward than the Christians and Gentiles that they work with.  Jews wrote both the Old and New Testaments of the Bible, but the Bible is full of warnings about not chasing after riches, indicating that this was already a problem 4,000 years ago.  We have Proverbs saying, “He that trusteth in his riches shall fall, but the righteous shall flourish as a branch.”  Jesus cast the moneychangers out of the temple, and said, “It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of heaven.”  This is not a new issue for Jews.     


While Jews should not be any more inclined to cheat than anyone else, I worry that they may.  I worry that so many Jews are lawyers.  Lawyers are basically people who find a way to get around the law.  The are supposed to be officers of the court, but they very rarely are.  For me, some bad examples are the fathers-in-law of the children of the two people running for President.  Clinton’s daughter, Chelsea, is married to Marc Mezvinsky, whose father, Ed Mezvinsky, is a convicted felon for political and financial corruption.  (Interestingly, Ed Mezvinsky’s Wikipedia page was blocked when I first tried to open it.)  This article in the Forward, says Hillary is avoiding Chelsea's husband, Marc, because he is a wealthy Wall Street financier who worked for Goldman Sachs and ran a hedge fund.   Chelsea has not converted to Judaism, but Donald Trump’s daughter, Ivanka, has.  Ivanka is married to Jared Kushner.  Jared’s father, Charles Kushner, has been convicted of making illegal campaign contributions, tax evasion, and witness tampering.  


I don’t know what to make of Donald Trump’s Jewish connections.  I would think that there is no more Jewish profession than real estate developer in New York City.  Many of Donald’s competitors must be Jewish, but he has succeeded.  Except for his son-in-law, Jared, none of them seems to support him.  On the other hand, Hillary has overwhelming Jewish support in New York City, much of it from the financial industry that she promoted when she was Senator from New York.  Hillary is the candidate of the Jews; she and Bill have sworn their fealty to them.  Hillary is a Johnny-Come-Lately to New York, while Donald has spent his whole life there.  Yet, Donald is appealing to non-Jewish voters outside of New York.  One explanation of Jewish support for Hillary is that Donald has actually accomplished some of the things he says in his self-promotion.  He has succeeded in the New York real estate business, despite Jewish efforts to displace him; they know him and fear him.  He is an obnoxious blowhard, but he has beaten them at their own game.  It’s interesting that much of the recent anti-Trump publicity has come from Howard Stern, a truly filthy, disgusting Jew.  It’s Trump’s fault for talking to Stern over the years, but they shared a passion of degrading women.  


The bottom line is that while neither Hillary nor Donald is Jewish, Jewish issues and Jewish people are at the heart of their campaigns.  American media is owned and dominated by Jews, from the network owners to the anchors.  After the last debate, on CNN's Wolf Blitzer was sitting with John King and Dana Bash, all three Jews, criticizing Donald Trump’s performance.  On NBC, Andrea Mitchell, who is Jewish, relentlessly attacks Trump and boosts Hillary.  Here’s a recent example from a conservative news site:  “Andrea Mitchell: No ‘Smoking Gun’ in Podesta E-Mails, He’s a ‘Victim.’”  The New York Times, which is owned by Jews, has come out full force for Hillary.  


Jews may have reason to worry about Donald Trump.  They’ve been here before.  In Germany and central Europe in the early 1900s, up into the 1930s, Jews became increasingly powerful, and income inequality grew.  You can see it by the fact that a huge number of museum quality art has been traced back to Jewish families who owned it before World War II.  These Jewish families were richer than the the national museums, holding much priceless art in their personal collections.  Eventually their oppression of ordinary citizens boiled over into the rise of Hitler.  Of course the Jews had lots of help from non-Jews in creating Hitler, but they were major players, by their insensitivity to the very income inequality that is sweeping the US today.  Jews worry that their insatiable greed will lead to a recurrence of what happened in Germany, and they see Trump as the evidence of that.  Thus the huge, racist outcry against Trump by the Jew-dominated media -- Bloomberg, the New York Times, ABC, NBC, CBS, CNN -- and in defense of Hillary Clinton and the Jew-dominated financial industry.  

This could hardly be a nastier campaign.  All the sex is bad enough.  Donald and Bill Clinton played a big role in bringing that to the public.  But this underlying racist campaign by Jews is less visible.  Jews are not racist in the same way or in the same degree that the KKK is racist, but they do believe that Jews are a superior race and that ordinary whites and blacks are inferior to them.  Because of that, Jews believe that they deserve to be in control of America’s money and power, i.e., inequality is the proper way things should be .  They think Hillary is the best chance to preserve and improve their status, which means continuing income inequality.  

Saturday, October 8, 2016

Trump Tax 2

It sounds as if Trump’s $1 billion tax deduction was very unusual.  According to Fortune, it depended on his running his business as an S corporation, and on complex tax laws dealing with S corporation losses before 2002, when the provisions Trump used were eliminated.  They allowed an owner to personally take advantage of losses that were actually incurred by his creditors and suppliers.

I don’t understand the reasoning behind this provision, but apparently other people did not either, since it was later repealed.  I suppose it was something like bankruptcy law, allowing a company to stay in business that had incurred huge debts it could not pay.  Congress apparently decided (correctly) that this was too generous.

Friday, October 7, 2016

Trump Taxes

I am madder at Congress than at Donald Trump over the fact that he paid no income tax for eighteen years, as the NYT reports.  Rich people with so much income and so many assets should not be exempt from paying federal income tax.

I support the idea of bankruptcy and business deductions for losses, but they should be reasonable,  One problem with real estate is that property values are often unrealistic.  In general under tax law, depreciation is usually very accelerated, often more so in real estate, where properties often increase in value rather than depreciate.  So, basically depreciation as implemented is welfare for the rich.

Regarding carrying losses backwards and forward for 18 years, I ask how are those losses calculated and whether 18 years i the proper term.  You should be able to deduct losses, but those losses may be inflated by various tricks, by inflated or deflated appraisals, for example.  Eighteen years is arbitrary but reasonable.  Perhaps the time should be related to the time it took to create the asset that led to the loss.  Some tech companies go from boom to bust in fivee years or less; eighteen years seems too long for them.

In general when rich people talk about how much income tax they pay — 15%, 25% or 35% — the question is, “Of what?”  Rich people don’t get a W-2 that says how much they made.  They may take a share of the profits of a company, but there are a lot of judgment calls that go into determining what those profits are.  A company may take big deductions as expenses, making the bottom line profit small, while the actual value of the company increases much more than the bottom line would indicate.  If one invests in stocks. they may double in value in a year, but if you don’t sell them, you don’t pay tax on that profit until you do, maybe years later.  You made $100,000 profit in that year, but you paid no tax on it.  Other investments, like real estate, are treated similarly.  By the time they enter some income figure on their income tax, it has been substantially reduced by various types of welfare for the wealthy tax breaks.

America is an unjust country in which the middle class subsidizes the rich, much like share croppers, tenant farmers, serfs and slaves did in years past.  It’s not as bad, but the rich still oppress the poor, and more and more the rich oppressors tend to be Jews.  The Jews have assumed the “white man’s burden” of oppressing the poor.  The new masters of the plantations live on Wall Street and in Silicon Valley.