From Reuters here:
“For hedge funds, this is an unmitigated benefit as their tax liabilities could drop significantly,” said Robert Willens, an independent tax consultant. “Obviously, they are quite enthusiastic and there may be a few fist bumps along the way.”
A manager whose hedge fund earns $50 million a year, for example, would be paying some $19.8 million in taxes, or 39.6 percent, under the current rules. That could drop to as little as $7.5 million if the rate were cut to 15 percent.
That is going to make America great again for sure!
Feed the hedge funders and we will all do just great because they’re such benevolent and giving people.
Oh, I think I tasted a little bit of vomit after that sentiment.
Headline from the Daily Beast:
Sheryl Sandberg, feminist author and chief operating officer of Facebook, says the social-media giant doesn’t see itself as a publisher or an “arbiter of the truth.” The social-networking site has come under fire in recent months for not appropriately fighting “fake news” articles published on its pages. “We are really a platform and we take our responsibilities on false news very seriously.
So it’s looking like Facebook wants all the power and advertising of a publisher without any of the rules and responsibility.
Facebook makes money when people are on Facebook — that’s the deal. Get on Facebook, stay on Facebook, get all your info on Facebook, blah blah blah. And that’s how fake news works — start spreading shit on Facebook, reposting, passing it around, clicks, money, ads for people who want to access people who dig fake news! Boom!
The Trump campaign paid huge money to Facebook to run ads on Facebook looking for people who would eat fake news and vote for the Orange Fuckstick.
Ironically, the Lean In Queen has popped a little fake news of her own. It’s total crap Facebook is not a publisher.
From NBC News here:
WASHINGTON — Dow Chemical is pushing a Trump administration that’s open to scrapping regulations to ignore the findings of federal scientists who point to a family of widely used pesticides as harmful to about 1,800 critically threatened or endangered species.
Lawyers representing Dow, whose CEO is a close adviser to President Donald Trump, and two other manufacturers of organophosphates sent letters last week to the heads of three of Trump’s Cabinet agencies. The companies asked them “to set aside” the results of government studies the companies contend are fundamentally flawed.
To be fair Obama had an agriculture secretary that was all up in the Roundup and the GMO crops which just goes to show you Uncle Sam will kill you and the animals, and Trumpy is all for it but with extra asshole sauce.
From CBS News here:
The president is now doubling down on an AHCA revival, which is needed to cut Medicaid by nearly $1 trillion, those budget savings deemed necessary to fund comprehensive tax reform.
It’s not tax reform, these are tax cuts for people who already have really low taxes.
Headline from CNBC:
Ex-Fed Chairman Greenspan: Get rid of Dodd-Frank and watch economy and stocks soar
The idea that letting Wall Street be unshackled and they will shit a golden future for America is ridiculous.
Wall Street is only interested in shitting a golden future for themselves. This is the part that is so frustrating to see. It’s implied that if Wall Street does well then America does well and the reality is so different.
From CNBC here:
Goldman Sachs sees tax reform pushed to next year as GOP health bill creates setbacks
Why is nobody else peeing on the feet and the heads of all those who dared to step to the microphone and talk about how Donald Trump and his billionaire asshole friends were going to shit a golden future for normal Americans and it was gonna be quick??
He was going to pull down his trousers and shit a giant golden egg!!!
And we were going to cry and throw roses and admire this giant fucking golden egg that just came out the Donald’s ass!!
Thus far all I see is a giant turd.