Wednesday, November 08, 2017

Democrats Can Celebrate Some Election Victories

Today is a good day for Democrats because two democratic governors got elected, in Virginia and in New Jersey.  There was a smattering of other democratic victories to give us all hope.  Let’s all sing “Count your victories”.  We should count ourselves lucky.  Some would say that “all that hard work is paying off”.  I’m sure Claire from Days of our Lives thought the same thing.  I’m not convinced it’s the beginning of a major trend.   Norman Goldman tells us that today is the one year anniversary of Donald Trump’s election.  He says it doesn’t seem like a year but when I think of all that’s occurred in the past year it fully seems like a year to me.  He says “We knew what we signed up for”.  There are many things wrong with that statement.   Electing a president shouldn’t be a pig in a poke where we guess what we get.  The next thing is I didn’t vote for Trump.  I voted for Hillary.  The next thing is that the revelation of Trump’s rotten corruption was gradual.  It was a gradual let-down over the past two years.  Two years ago I thought that Trump might have potential because there were a lot of unknowns.  Every time an unknown became known, it was a disappointment.  Even a year ago people hoped in vain that somehow Trump at long last would act “Presidential”.  Certainly Trump has shattered every precedent in the book.  Now we wait with baited breath for Muller to come out with major indictments leading to Trump’s impeachment and removal from office. 


Apparently the US Senate is going to come out with their own version of the tax cutting bill tomorrow.  One change I’d make right away is a total revamping of the Gift tax.  Right now it’s forty percent on a flat basis.  I would tie the gift tax to a person’s income tax bracket.  That way if a person like me won $25,000 on a game show I’d get to keep the whole $25,000 because I’m in a zero income bracket.  I’d judge gambling taxes in the same way.  I would allow for an investment tax credit.  Of course there is new and old capital.  Clearly if you’re expanding your business out of the income the business has earned, money that would otherwise go toward dividends, then I’d give a hundred percent tax write-off treating it like expenses.  For new infusions of capital from a fresh source, we can negotiate that.  I would also reduce the corporate tax rate but to 25%   I’d do that as an experiment to see if all of the wonderful things Trump says will happen actually happen.  I would also restore all of the tax credits for the ordinary person such as debt for any accrued interest.  But I would eliminate business expenses for non essential business expenses as I said in a previous posting.  The three martini lunch is not necessary for making a deal.  If you have to get the person drunk to make the deal then it shouldn’t be made.  I would also eliminate tax deductions on limozines and corporate jets.  And of course rather than eliminate the Estate tax I would expand it and make it maybe two million dollars rather than five point five million like it is now.  This would raise a lot of money.  I would also of course institute a lot of trade tariffs that would raise a lot of money.  But keep in mind I think we are at the crest of an economic boom.  Economic booms just don’t last more than ten years and whatever happens with the legislation I would prepare everybody for a major drop in stock prices and reduction in earnings;.  Jerry Brown is so miserly he’s still assuming that we’re in a recession here in California.  Cut-backs in funding should be restored to pre 2007 levels.  Personally I think it would breed a lot of good feeling among the voters.  

Norman Goldman suggests we “extremely vet” white men with guns and that would be easier to do then extremely vet all the Moslems of the world to see which one has the intent of terrorism.  This Texas gunman broke out of a mental institution.  He should have been cited by the Air Force for domestic violence and gotten on the restricted list.  This gunman wrote threatening E mails to his mother in law and beat his wife and fractured the skull of his stepson.  Donald Trump is saying absurd things about the shooting such as those two heroes with guns who pursued him after he ran out of bullets and finished his shooting.  Yes they shot him twice but the man died do to a self-inflicted gun wound.  Trump is now saying that “Hundreds could have died were it not for those two brave men”.   Otherwise Trump and the leader of Japan are good buddies and enjoy golfing together.  Now Trump is in South Korea.   Typing rates have sped up and blogging rates have definitely speeded up over the past few weeks.  Our family still has no plans for Thanksgiving.  And I’m not sure when my antivirus is going to expire or what I’ll do about getting a renewal if Judy is out of commission to help me.  Also it’s been some time since I’ve spoken to Mom about getting her computer or just how I’d go about that.  Norman is serious about this “vetting” of white guys periodically sending FBI agents to their homes of the ones who sign a pledge saying they don’t have any firearms.

The big news on Days of our Live is that Brady has gone over to the dark side.  He is framing Eve Larson – Kiriacus for the murder of Damos.  She has the motive and the suspicious circumstances but she didn’t do it.  Victor told Brady to “Deal with the Eve Larson problem” and this is his way of dealing with it, by framing her for murder.  Of course he has the omulet and he used Henderson as a useful pawn to throw Eve’s stuff out on the lawn and Henderson saw the omulet but didn’t touch it because it was cursed.  But Eve believing in her innocence dived right into her purse and pulled out the omulet getting her finger prints on it.  As you may remember Victor thought Brady was too much of an alcoholic to continue to be in the running for CEO and this was the little “project” Victor assigned for Brady to prove himself he has the chops.  Meanwhile Theo paid people for followers to Claire’s songs and she found out about it and was furious because she thought they were genuine fans.  Of course you don’t know to what his autism clouds Theo’s judgement on how to interact with people.  Clearly the stage is set for Claire dumping Theo and taking up with Trip.  (It’s still a strange name)

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