Money Quote Friday December 1 2017
When Your CEO Is Unfit, You Fire Him.
When will this nation finally come to its senses?
I’m done with this guy. I just can’t take it anymore. Thank God it’s Friday.
The case for normalizing impeachment
In recent months, I have grown obsessed with a seemingly simple question: Does the American political system have a…
Trump veers past guardrails, feeling impervious to the uproar he causes
President Trump this week disseminated on social media three inflammatory and unverified anti-Muslim videos, took glee…
I’ve said this many times before. Our “chief executive” is unfit. Period. When you have an unfit CEO, what do you do? You fire him. Money quote: “Having long trafficked in conspiracy theories — his political rise was fueled by his role as one of the nation’s leading champions of the false claim that President Barack Obama was not born in the United States — Trump continues as president to promote falsehoods and reject facts.” Is this really the person we want representing us? Really?
Trump's Tax Promises Undercut by CEO Plans to Help Investors
Major companies including , and say they'll turn over most gains from proposed corporate tax cuts to their shareholders…
This tax plan is a bald expression of old school capitalist practice, which means extracting all possible gains and putting them in the pockets of wealthy shareholders (and not working families). Money quote: “Robert Bradway, chief executive of Amgen Inc., said in an Oct. 25 earnings call that the company has been “actively returning capital in the form of growing dividend and buyback and I’d expect us to continue that.” Executives including Coca-Cola CEO James Quincey, Pfizer Chief Financial Officer Frank D’Amelio and Cisco CFO Kelly Kramer have recently made similar statements.”
It Started as a Tax Cut. Now It Could Change American Life.
All of this is taking shape at such extraordinary velocity, absent the usual analyses and hearings, that even the most…
And just in case you’re wondering who really benefits from this tax bill, here’s a reminder. Money quote: “When you put all these pieces together, what you’re left with is we are squandering a giant sum of money,” said Edward D. Kleinbard, a former chief of staff at the Congressional Joint Committee on Taxation who teaches law at the University of Southern California. “It’s not aimed at growth. It is not aimed at the middle class. It is at every turn carefully engineered to deliver a kiss to the donor class.”
Opinion | A Simple Fix for Our Massive Inequality Problem
The stress this puts on our society is hard to overstate, and though recognition of our country's grossly unequal…
Now here’s an idea worth thinking about. It’d be a massive shift, but … this is the kind of out-of-the-box thinking we really need. Money quote: “There’s a tried and tested way, within the system we have now, of giving everyone a share in the investment returns now hoarded by the wealthy. It’s called a social wealth fund, a pool of investment assets in some ways like the giant index or mutual funds already popular with retirement savings accounts or pension funds, but one owned collectively by society as a whole. One that paid dividends not to the few, or even just to the shrinking middle class lucky enough to have their savings invested, but to everyone.”
The Extreme Incentives Cities Have Offered Amazon to Lure HQ2
Chula Vista is offering free land; Fresno is ceding community control; and New Jersey is offering $7 billion in…
Cities are falling over themselves to bring Amazon’s supposed second corporate headquarters to their region. I’ve made my point of view clear — I think this is a pretty obvious head fake on Amazon’s part. But the promise of so many new jobs is proving intoxicating for more than 200 cities. Money quote: “[Cities] have offered their own employees’ income taxes, free land, and even a partial surrender of community control in pursuit of Amazon.”
Trump's mind-numbing media manipulation machine
Within minutes, thousands of Trump's Twitter followers retweet it, and the sparks fly in response. Trump knows this and…
I know, I know, too much Trump for a Friday. But my advice? IGNORE THIS IDIOT. Stop playing his game. Which is clearly advice I should take to heart. Have a great weekend. Try to unplug and remember what truly makes America great.