Tax reform, the hard way. How Morneau and Trump screwed it up

leona_helmsley_mugshotTax policy by Leona?

A long, long time ago, I learned in business school the difference between tax evasion and tax avoidance. Simply, one is legal, one is not. I learned more about the distinction from my first employer, when the company deferred indefinitely the payment of a full year of income tax by essentially forming a partnership with itself. That was avoidance. And it was entirely legal at the time. So was Donald Trump’s claiming of $916 million in business losses to shield his income from taxes for subsequent years, even though the majority of the losses had been absorbed by his bankers, not by him or his companies. So was Apple Inc.’s parking of the bulk of its income in low-tax Ireland, by claiming a corporate residency of…nowhere. So is the wholesale reduction of corporate tax by tech giants Google, Facebook, Microsoft, etc. by housing their IP assets (and hence reported income from those assets) in tax havens. It’s not a stretch to suggest that the most creative, innovative people within these companies are not involved in product design and development – they’re in the tax department.  Continue reading “Tax reform, the hard way. How Morneau and Trump screwed it up”

Still unanswered: how to keep the nuclear reins from the hands of an unbalanced president.

strangelove

Donald Trump gets a new hat?

The editors of both the New York Times and Scientific American recently expressed their concerns about the fact that the US president can decide unilaterally to launch a nuclear attack against an enemy.  Since the Atomic Energy Act of 1946, the president can order a nuclear strike – alone.  That is, Donald Trump can exert sole control over a decision to unleash a nuclear arsenal against North Korea, Iran, or any other enemy state.  That should frighten everyone, for as Hillary Clinton pointed out during the 2016 campaign, “A man you can bait with a tweet is not a man we can trust with nuclear weapons.” Unfortunately, as Alex Wellerstein said in the Washington Post last year, the one sure way to keep President Trump from launching a nuclear attack would have been to elect someone else.  Continue reading “Still unanswered: how to keep the nuclear reins from the hands of an unbalanced president.”

A Suggested Bid for Amazon HQ2

“My offer is this….nothing.”

Ever since Amazon.com announced that it was searching for a location for its “second headquarters,“ cities across North America have been falling over each other trying to make a case for their own sites.  In Canada, representatives from Vancouver, Toronto, Calgary, Waterloo, Montreal and Halifax have all said publicly that they should be considered, and committed to submitting a “bid” for the privilege of hosting a company that promises tens of thousands of jobs, a new focus for technology-driven business, and bragging rights associated with hosting one of the world’s most valuable companies.

To those developing lucrative packages with possible tax holidays, direct incentives, subsidies, and other contributions, I suggest that they instead offer the Michael Corleone package…nothing. Continue reading “A Suggested Bid for Amazon HQ2”

The Art of Political Lying

“The superiority of his genius consists in nothing else but an inexhaustible fund of political lies, which he plentifully distributes every minute he speaks, and by an unparalleled generosity forgets, and consequently contradicts, the next half hour. He never yet considered whether any proposition were true or false, but whether it were convenient for the present minute or company to affirm or deny it…”

Hands up – who thinks this refers to one Donald J. Trump? Continue reading “The Art of Political Lying”

Donald Trump, Loser.

Donald Trump likes to characterize people and institutions using simple repeatable epithets that end up sticking like glue – Crooked Hillary, Little Marco, Lyin’ Ted, Failing New York Times, Weak Jeb, Fake CNN, and now Leaker Comey.  These simple insults resonate.

In search of a simple tag to put on Donald Trump, I Iooked at the ones already in play – bully, misogynist, blowhard, ignorant,  incompetent, etc.  None really captures The Donald fully and completely.  He can be any and/or all of the above at any given time.  I came to realize that there is, however, one term that does describe the 45th President simply and accurately – one that he himself has used when he wants to completely dismiss an adversary.  The word is “loser”.  The more I thought about it, the more I realized that Donald Trump is a Loser.  With a capital “L”. Continue reading “Donald Trump, Loser.”

Responding to Climate Science Skeptics: A Letter to Scott Adams

Dear Scott:

While you’ve made your reputation as an internationally-renowned cartoonist, whose Dilbert characters have entertained millions (including me) over more than 25 years, you’ve now thrown your voice into the discussion about anthropogenic (i.e. man-made) climate change.  It’s not going well.  Your positions seem to be ever-changing, eager to latch onto red herrings, politically-driven arguments, and “alternative facts.”  Scott Adams’ Blog now appears to reflect skepticism of the science and the scientists’ ability to form conclusions based on the science – so much so that the blogs are now being quoted by true climate science deniers to support their arguments.   I’m writing this to try and get you back on track, out of the clutches of a very powerful, very manipulative climate science denial industry. And, to have you focus more on Dilbert and Wally.

Let’s recap.  Continue reading “Responding to Climate Science Skeptics: A Letter to Scott Adams”

Intolerance and Free Speech — Trump, Breitbart, and Milo

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“We will not allow a beachhead of intolerance to spread in our nation.”

So said Donald Trump on February 2, 2017 to a public audience at the National Prayer Breakfast.

Mr. Trump, cut the crap. There is already a well-established, well-fortified beachhead of intolerance in your nation — it has been supported, encouraged, and rewarded by you and the people you have hired to develop and implement your agenda. Intolerance? It starts at the White House. Continue reading “Intolerance and Free Speech — Trump, Breitbart, and Milo”