Tag Archives: Senate

Business, Economics, Finance

The Ultrawealthy Have Hijacked Roth IRAs. The Senate Finance Chair Is Eyeing a Crackdown.

Above: Photo Collage / Lynxotic / Adobe Stock

Senate Finance Committee Chairman Ron Wyden said on Thursday he is revisiting proposed legislation that would crack down on the giant tax-free retirement accounts amassed by the ultrawealthy after a ProPublica story exposed that billionaires were shielding fortunes inside them.

“I feel very strongly that the IRA was designed to provide retirement security to working people and their families, and not be yet another tax dodge that allows mega millionaires and billionaires to avoid paying taxes,” Wyden said in an interview.

Originally published on ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox.Series: The Secret IRS Files Inside the Tax Records of the .001%

ProPublica reported Thursday that the Roth IRA, a retirement vehicle originally intended to spur middle-class savings, was being hijacked by the ultrawealthy and used to create giant onshore tax shelters. Tax records obtained by ProPublica revealed that Peter Thiel, a co-founder of PayPal and an investor in Facebook, had a Roth IRA worth $5 billion as of 2019. Under the rules for the accounts, if he waits till he turns 59 and a half, he can withdraw money from the account tax-free.

The story is part of ProPublica’s ongoing series on how the country’s richest citizens sidestep the nation’s income tax system. ProPublica has obtained a trove of IRS tax return data on thousands of the wealthiest people in the U.S., covering more than 15 years. The records have allowed ProPublica to begin, this month, an unprecedented exploration of the tax-avoidance strategies available to the ultrawealthy, allowing them to avoid taxes in ways most Americans can’t.

Wyden said ProPublica’s stories have shifted the debate about taxes at the grassroots level, underscoring a “double standard” that would have a nurse in Medford, Oregon, dutifully paying taxes “with every single paycheck” while the wealthiest Americans “just defer, defer, defer paying their taxes almost until perpetuity.”

Wyden said, “Now, the American people are with us on the proposition that everybody ought to pay their fair share, and in that sense, the debate about taxes has really changed a lot.”

The focus on recouping lost tax revenue comes at a critical time, Wyden and others say, as lawmakers look for ways to fund President Joe Biden’s infrastructure plan and other domestic spending.

Wyden had worried for years that Roth IRAs were being abused by the ultrawealthy. In 2016, he put forth a proposal that would have reined in the amount of money that could be stowed inside them.

“If I had my way back in 2016, my bill would have passed, there would have been a crackdown on these massive Roth IRA accounts built on assets from sweetheart deals,” Wyden said.

The proposal was known as the Retirement Improvements and Savings Enhancements Act. It would have required owners of Roth accounts worth more than $5 million to take out money over time, capping the accounts’ growth. It also would have slammed shut a back door that allowed the wealthy to move fortunes into Roths from less favorable retirement accounts. This maneuver, known as a conversion, allows a taxpayer to transform a traditional IRA into a Roth after paying a one-time tax.

Ted Weschler, a deputy of Warren Buffett at Berkshire Hathaway, told ProPublica he supported reforms to rein in giant Roth IRAs like his. Weschler’s account hit the $264.4 million mark in 2018 after he converted a whopping $130 million and paid a one-time tax years earlier, according to tax records obtained by ProPublica.

In a statement to ProPublica earlier this week, Weschler didn’t address any specific reform plan but said: “Although I have been an enormous beneficiary of the IRA mechanism, I personally do not feel the tax shield afforded me by my IRA is necessarily good tax policy. To this end, I am openly supportive of modifying the benefit afforded to retirement accounts once they exceed a certain threshold.”

Wyden’s proposal also targeted the stuffing of undervalued assets into Roths, which congressional investigators had flagged as the foundation of many large accounts. Under the Wyden draft bill, purchasing an asset for less than fair market value would strip the tax benefits from the entire IRA.

ProPublica’s investigation showed that Thiel purchased founder’s shares of the company that would become PayPal at $0.001 per share in 1999. At that price, he was able to buy 1.7 million shares and still fall below the $2,000 maximum contribution limit Congress had set at the time for Roth IRAs. PayPal later disclosed in an SEC filing that those shares, and others issued that year, were sold at “below fair value.”

A spokesperson for Thiel accepted detailed questions on Thiel’s behalf last week, then never responded to phone calls or emails.

The RISE Act was never introduced because, Wyden said, Republicans controlled the Senate at the time and made clear they opposed the effort. The proposal was also heartily opposed by promoters of nontraditional retirement investments. One of them wrote, at the time: “Everything about the RISE Act Proposal is opposed to capitalism and economic freedom.”

Following ProPublica’s story on Roths, Sen. Elizabeth Warren, D-Mass., said the way to address the gargantuan accounts would be a wealth tax, which would impose an annual levy on households with a net worth over $50 million.

Warren tweeted a link to the story and wrote: “Yes, our tax system is rigged with loopholes and tax shelters for billionaires like Peter Thiel. And stories like this will keep popping up until we pass a simple #WealthTax on assets over $50 million to make these guys pay their fair share.”

Daniel Hemel, a tax law professor at the University of Chicago who has been researching large Roths, said that Congress should simply prohibit IRAs from purchasing assets that are not bought and sold on the public market.

“There’s no reason people should be able to be gambling their retirement assets on pre-IPO stocks,” Hemel said.

He added that lawmakers should go beyond reforms targeting the accounts directly and address a potential estate tax dodge related to Roths.

If the holder of a large Roth dies, the retirement account is considered part of the taxable estate, and a significant tax is due. But, Hemel said, there’s nothing to stop an American who has amassed a giant Roth from renouncing their citizenship and moving abroad to a country with no estate taxes. It’s rare, but not unheard of, for the ultrawealthy to renounce their U.S. citizenship to avoid taxes.

Under federal law, U.S. citizens who renounce their citizenship are taxed that day on assets that have risen in value but are not yet sold. But there’s an exception for certain kinds of assets, Hemel said, including Roth retirement accounts.

Thiel acquired citizenship in New Zealand in 2011. Unlike the United States, New Zealand has no estate tax. It’s not clear whether estate taxes figured into Thiel’s decision.

A spokesperson for Thiel did not immediately respond to questions on Friday about whether estate taxes factored into Thiel’s decision to become a New Zealand citizen.

In his application for citizenship, Thiel wrote to a government minister: “I have long admired the people, culture, business environment and government of New Zealand, as well as the encouragement which is given to investment, business and trade in New Zealand.”

Patching the hole in the expatriation law, Hemel said, “should be a top policy priority because we’re talking about, with Thiel alone, billions of dollars of taxes.”

by Justin Elliott, Patricia Callahan and James Bandler for ProPublica via Creative Commons.

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Breaking News, Observation, Politics

Trump is Guilty of High Crimes but 43 vote to Acquit

Video

Opinion and observation:

The meaning of this ongoing assault on the truth

One thing that was unavoidable during this unprecedented 2nd impeachment process was the sense that the facts and evidence of a heinous series of crimes left any sane individual utterly devoid of any doubt that Trump was guilty. And yet, in the face of so many facts and so many public acts, a minority of 43 Republicans voted to acquit and stood up to say, with that vote, that they do not care about the law, the constitution or even this country.

Read more: Trump’s Best Impeachment Defense: ‘I’m a Buffoon and it was all a Joke’

What that means going forward is only clear in a few, but very important, respects. It is clear that the majority in this country – demonstrably sane Republicans like the seven that did vote to convict, and the roughly 259 million that do not support Trump’s insanity – will have to continue to fight for what they believe in – even if opinions are diverse, and fight as much as necessary for the basic understanding that we will never follow a wannabe dictator and criminal.

Again, what is clearer today than before the trial, is that the forces that propelled Trump into power and, even to this day, seek to maintain some kind of grip on the poison political tribalism he stands for, will attempt to use it to regain power again and try to use it to terrorize the rest of us.

Read more: Georgia initiates Criminal Investigation into Trump’s call

No muddy waters, no reasonable doubt, just complicit co-conspirators

The inescapable takeaway from the entire fiasco of the so-called “Trump-era” is that, without some kind of active and confrontational prevention from those that believe in democracy and democratic values, there will be a continue to be a force from the far right that will fill any void and seek to destroy this country and potentially the world.

Because, in the end, political disagreements over tax policy, immigration, and so many other admittedly important concerns, it is the pro-oil, anti-environmental, climate change-denying racist and corrupt evil that must be prevented, from this moment forward, from ever wielding power in this country again.

There is no reconciliation with a coalition that seeks to destroy the world in the name of religious fantasies and lust for a racist reckoning or misanthropic judgement day.

No Justice, no Peace

The future will, quite simply, not exist if neanderthal bigots (sorry neanderthals, you deserve better) with zero moral consciousness are permitted any say in government. This is not a political disagreement or lack of consensus. This is dangerous criminal terrorist elements that believe they have the right to decide the future of this country for all of us, against any person that holds views that would prevent Trump or any person with his destructive and worthless character.

Trump’s hyperbolic call to arms: “If you don’t fight, you won’t have a country” is, in reality, some kind of perverse projection, as it is us, those that have been terrorized by this malignant clown, that must listen and realize that he is right, not about the duped and manipulated followers he was lying to, but about us: we are the ones that almost lost our country.

And who should be the judge of the character of would be “leaders”? That is, and must be, we the people. If there are, in reality, 74 million people who are either brainwashed or simply ignorant enough to support a criminal like Trump, then the will of the majority, of the 259 million with the better sense not to support such a person, must be the arbiter of what is right.

The next chapter in the ugly and disgusting Trump saga will be private and legal efforts to stop him or anyone descending from his corrupt and bankrupt “cause” from re-entering the political arena.

This must not be seen as petty vengeance but as a sacred quest to protect, not only this country, but the entire world from the plague that we have all witnessed and endured other the last 5 years.

The losses must be recovered and the wrongs set right

The poisoning of the national discourse, the destruction of institutions, the loss of lives in the insurrection and the nearly half a million dead, in part, due to maladministration of the government response to the pandemic, all of this and so much more might not have happened if Trump had been stopped sooner.

There is no clearer course, and no outcome more important to prevent, than any return to the horrors that were perpetrated with this demented and dangerous man at the helm of our country.

And the proof today is in the bogus acquittal by 43 ,who share his guilt, proof of the absolute necessity to actively prevent any reemergence of his poisonous reign, or that of any acolyte that may attempt to rise carrying his diseased, corrupt mantel.

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Observation, Politics

Team Trump makes Accusations on Impeachment Day 4

February 12, 2021 marks the fourth day of former President Trump’s second impeachment trial.  His lawyers have the chance today to rebut the House impeachment managers’ cases for Trump’s conviction. 

The impeachment managers shared never before seen video evidence, as well as media reports and court documents demonstrating how some perpetrators believed that they were acting at the direction of Trump.

Trump’s legal team took the tack, not usual from past explanations of Trump conduct, that it was all just typical talk and nothing unusual for a speech by a “politician”. Shades of “locker room talk” and other times so many went out of their way to poo poo an outrageous statement. Only in those cases no-one died.

This was followed by standard denials and refutations.

Trump’s lawyer, Michael van der Veen gave this opening statement: 

“This is ordinary political rhetoric that is virtually indistinguishable from the language that has been used by people across the political spectrum for hundreds of years. Countless politicians have spoken of fighting for our principals. “

van der Veen also added “You can’t incite what was already going to happen,” 

According to NPR: 

“No thinking person,” van der Veen said, “could seriously believe” that the speech “was in any way an incitement to violence or insurrection,” as Democratic House impeachment managers have charged. “Nothing in the text could remotely be construed as encouraging, condoning or enticing unlawful activity of any kind.”

Reactions:

https://twitter.com/AshaRangappa_/status/1360288814464458758?s=20
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Breaking News, Observation, Politics

Trump’s Best Impeachment Defense: ‘I’m a Buffoon and it was all a Joke’

Laying out the evidence, built up over months and leading to Jan. 6th, makes a compelling case, for anyone not considered a clown

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“Tower of Lies“
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Also available on Amazon.

All throughout the so-called “presidency” of DJT bizarre double standards were used, exploited and reinforced by him and his minions. If he made an outrageous, even criminal statement, either on Twitter, or in a publicly available video recording, and outrage or any kind of pushback arose, the go-to explanation was “he was obviously joking”.

Read More: Giuliani’s Wacky ‘Drunk Lady’ is at it again: Running for office in Michigan

No matter if the gaffe was suggesting people inject bleach to combat the corona virus, or when he suggested that the U.S. buy Greenland, there was always a built in escape hatch: he didn’t really mean it, and you are a political hack, or worse, for suggesting that he did.

And, even more ridiculous, if you were a member of the press or a democrat, there were many who would seriously posit that he should not, or could not, be held accountable because he is obviously an idiot or a clown or a criminal mastermind and stable genius that would, therefore, get away with it anyway.

Read More: Don Jr. gasping for breath on Fox News: Ranting & Raving about Impeachment #2

From an interview by NPR titled “What Might Accountability For President Trump Look Like?” with IAN BASSIN, executive director of Protect Democracy:

“But when you look internationally and you look at history, what you find is that the risks of not acting are actually worse. What happens is that abusers return to power often and engage in even more abusive behavior. To put this in terms I think we all could understand, as every parent knows, if a child takes a cookie from the cookie jar when he’s not supposed to, and you just move on, not only will he do it again, but next time, so will his brother and sister.”

Added together with propaganda techniques cribbed from Russia (and others) such as “Whataboutism” and an even more primitive derivative of the idea which comes straight from the playground-bully school: “I know you are, but what am I?”.

”Whataboutism has been common in Putin’s Russia. The Atlantic cited one such example in 2014, noting that when the Kremlin faced criticisms of its treatment of protesters, government officials responded, “What about the United Kingdom? Breaking the law during public gatherings there could lead to a fine of 5,800 pounds sterling there or even prison.”

— DANIELLE KURTZLEBEN for NPR

And then there are the famous Nazi Propaganda Minister Joseph Goebbels’ well known axioms: “Accuse your enemy of that which you are guilty” and the “Big Lie” theory:

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”

One valid reason for this unique out-of-office Impeachment proceeding is exposing the limits for the “Buffoon Defense”

This stroll down memory lane brings us to the current Senate Trial that will lead to a vote to convict Trump and, since he can no longer be removed, to bar him from ever again running for, or holding, public office.

Read More: Trump’s Lawyers submit Legal Docs: Misspelling ‘United States’ – Twice

When the evidence is laid out, as if Trump were an actual president and serious person, which is happening, beginning today on live TV, the effect is shock, not that these things happened, but that the gulf between his actions, and the consequences any other person would receive as a result, ever became so incredibly huge.

This was the drift of the impeachment managers presentation; lay out facts, using words, charts, graphs and even video evidence. Facts that, under any other circumstance, and with regard to any other politician, or any other defendant, would yield a 99.9999% likelihood of grave and serious consequences.

Yet in this bizarre case it is being seen and understood as serious and real by, perhaps, the majority, and at the same time is seen as meaningless or worse, some kind of left-wing conspiracy, by the rest.

What does the success of such obvious propaganda and mind control say about our society and situation going forward?

Even among the most discerning witnesses of the last four plus years it remains hard to determine just how much of the propaganda was planned, orchestrated and understood by the perpetrators with Trump as a figurehead.

Or if it was all a big, insane coincidence, that an actual buffoon could be just smart enough to use the “idiot-card” with such success.

Read More: Conspiracy Theories Are Infecting Millions of Brains – Are they all Toxic?

If there is a book being written on Trump’s true legacy or on the mysteries that he left behind, this core mystery, how much his actual stupidity was a key benefit to getting away with so much crime, so much destruction, and, in the end, depending on the outcome, even murder, should be the central premise.

And this trial, with the articulated goal of accountability for real and very serious crimes, must have as a secondary aim, to expose and deconstruct the lies and the methods of avoiding accountability for all the damage and destruction over the entire tenure of the administration.

It remains to be seen if the ability to use the Buffoon Defense will extend to Sedition and Murder, if so, the larger story will ultimately be the insanity of acquitting a man so obviously deserving of finally being made to face consequences, and that will be rightly seen as the larger crime.

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Observation, Politics

Trump minions, Ted Cruz and Josh Hawley Excoriated in new Lincoln Project Ads

Video
https://video.twimg.com/amplify_video/1349052964753735680/vid/1280x720/iuED49Qv_avQyzwZ.mp4?tag=13

Above: Video from The Lincoln Project

The Lincoln Project, the super PAC opposed to Trump and famous for great ads that help Biden beat Trump in the campaign, took direct aim at GOPs, specifically pointing out Cruz, Hawley and McCarthy. It has been Trump’s layer of corrupt minions that helped him to propagate the “Big Lie” – the lie that he won the 2020 election “in a landslide” and that there was massive fraud.

Many of Trump’s followers believe virtually every lie simply because a) Trump says it’s true and b) his minions, lackeys and sycophants back up his lies and lie further for him. This whole evil crap-shack is coming apart now. The brand “Trump-backer” is now a badge of shame and not a ticket to corrupt liar heaven.

The two videos from Lincoln project drive those points home and are the beginning of a well deserved reward of shame for those that lied for Trump for the last four years. Check them out and see what you think.

https://video.twimg.com/amplify_video/1349390978717683712/vid/1280x720/ZQFIIZuajS_qXNwH.mp4?tag=13
Follow the MOney
https://twitter.com/ProjectLincoln/status/1349056046086590464?s=20
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Observation, Politics

Observation: Forget the Alamo: Trump is still trying to incite an Insurrection

Above: Photo Collage / Lynxotic

Using a location that conjures a war reference about remembering a slaughter is already a veiled message to extremists 

Faced with a world without his Twitter account Trump appears to be reaching out to symbolism and and tacit messaging to continue to try and build anger and foment a civil war. 

Texas officials were quoted as saying that they oppose Trump’s visit outright, citing the possibility that he would be citing more violence and that maskless fans could create a coronavirus surge, as has happened in relation to other Trump events.

By choosing Alamo, TX, “coincidentally”, for some kind of news conference, vaguely related to his unfinished and disastrous border wall, he is likely sending a message to the most violent and most extreme of his “army” of followers across the nation. 

The Battle of the Alamo, which took place at the Alamo Mission (no where near Alamo, TX), a former Spanish religious outpost which had been converted to a makeshift fort, is a historic symbol of Texans’ resistance and their struggle for independence. The battle cry of “remember the Alamo” first became popular during the Mexican-American War of 1846-1848.

There is no sign that Trump is trying to reduce the potential for violence, more likely it’s the opposite

Already many of those that engaged in a terrorist attack on the U.S. Capitol have stated openly, either in interviews or in social media posts, that they believe that politicians not named Trump, regardless if they are Republican like Pence (who that were intent on hanging from gallows in sight of the Capitol Steps) or Democrat (“Put a bullet into Nancy Pelosi’s Head” was a threat from one individual) should be murdered.

Further, they say that they will never stop or give up “because this is like 1776”. Apparently, Trump would like to add “Remember the Alamo” to this brain-worm controlled thought process. Interestingly, since Trump began his run for president stating that “Mexicans are Rapists”, using a symbol from the Mexican-American War of 1846-1848 has a kind of dual purpose – Mexicans are the enemy in his book, apparently, and so is the U.S. government. 

Buried somehow in these references is the idea that somehow the “Patriots” in his “army” were “oppressed” by the U.S. Government (which he is the current “leader” of) and Mexico (by the racist belief that people are a threat simply due to their race & heritage) and they must therefore fight back and get revenge. 

This kind of convoluted circular logic is typical of the propaganda that has, amazingly, led to thousands of radicalized Trump followers looking for blood and wishing for a second civil war. Since this brainwashing is not a simple thing to reverse, once various “Big Lies” are accepted as truth, the situation has the potential to get much worse before it gets better.

“Remember the Alamo” is literally a battle cry that means it is time to fight back. Trump is not likely staging his circus at that location by chance. Should the press and the 84+ million Americans that do not want Trump as a dictator stand up to this insanity? Should the press take off the kid gloves and clearly state what this subterfuge os clearly all about?

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Breaking News, Observation, Politics

Trump is Permanently Banned from Twitter

After close review of recent tweets

This is a breaking news story

Suffice it to say for the moment: He deserved it and it’s about time. The fact that his account was re-activated after a short pause was a strange choice by the platform. At least they made the right one in the end. Here’s the official tweet

Read more: Finally: Shopify, Twitter, Facebook and Instagram freeze Trump accounts

Read more: Trump Overseas Flight Plan Timed to Avoid Inauguration Ceremony

Read more: Trump’s Mystery Companion Revealed

https://twitter.com/TwitterSafety/status/1347684878574366721?s=20
https://twitter.com/TwitterSafety/status/1347684880403066881?s=20
https://twitter.com/CrypticNotAlone/status/1347686710877057031?s=20

Below the full text from the official Twitter bog explaining, in detail the action taken and why:

After close review of recent Tweets from the @realDonaldTrump account and the context around them — specifically how they are being received and interpreted on and off Twitter — we have permanently suspended the account due to the risk of further incitement of violence. 

In the context of horrific events this week, we made it clear on Wednesday that additional violations of the Twitter Rules would potentially result in this very course of action. Our public interest framework exists to enable the public to hear from elected officials and world leaders directly. It is built on a principle that the people have a right to hold power to account in the open. 

However, we made it clear going back years that these accounts are not above our rules entirely and cannot use Twitter to incite violence, among other things. We will continue to be transparent around our policies and their enforcement. 

The below is a comprehensive analysis of our policy enforcement approach in this case.

Overview

On January 8, 2021, President Donald J. Trump tweeted:

“The 75,000,000 great American Patriots who voted for me, AMERICA FIRST, and MAKE AMERICA GREAT AGAIN, will have a GIANT VOICE long into the future. They will not be disrespected or treated unfairly in any way, shape or form!!!”

Shortly thereafter, the President tweeted:

“To all of those who have asked, I will not be going to the Inauguration on January 20th.”

Due to the ongoing tensions in the United States, and an uptick in the global conversation in regards to the people who violently stormed the Capitol on January 6, 2021, these two Tweets must be read in the context of broader events in the country and the ways in which the President’s statements can be mobilized by different audiences, including to incite violence, as well as in the context of the pattern of behavior from this account in recent weeks. After assessing the language in these Tweets against our Glorification of Violence policy, we have determined that these Tweets are in violation of the Glorification of Violence Policy and the user @realDonaldTrump should be immediately permanently suspended from the service. 

Assessment

We assessed the two Tweets referenced above under our Glorification of Violence policy, which aims to prevent the glorification of violence that could inspire others to replicate violent acts and determined that they were highly likely to encourage and inspire people to replicate the criminal acts that took place at the U.S. Capitol on January 6, 2021.

This determination is based on a number of factors, including:

  • President Trump’s statement that he will not be attending the Inauguration is being received by a number of his supporters as further confirmation that the election was not legitimate and is seen as him disavowing his previous claim made via two Tweets (1, 2) by his Deputy Chief of Staff, Dan Scavino, that there would be an “orderly transition” on January 20th.
  • The second Tweet may also serve as encouragement to those potentially considering violent acts that the Inauguration would be a “safe” target, as he will not be attending. 
  • The use of the words “American Patriots” to describe some of his supporters is also being interpreted as support for those committing violent acts at the US Capitol.
  • The mention of his supporters having a “GIANT VOICE long into the future” and that “They will not be disrespected or treated unfairly in any way, shape or form!!!” is being interpreted as further indication that President Trump does not plan to facilitate an “orderly transition” and instead that he plans to continue to support, empower, and shield those who believe he won the election. 
  • Plans for future armed protests have already begun proliferating on and off-Twitter, including a proposed secondary attack on the US Capitol and state capitol buildings on January 17, 2021. 

As such, our determination is that the two Tweets above are likely to inspire others to replicate the violent acts that took place on January 6, 2021, and that there are multiple indicators that they are being received and understood as encouragement to do so.

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Politics, Tech

Finally: Shopify, Twitter, Facebook and Instagram freeze Trump accounts

Above: Photo Collage / Lynxotic / Adobe Stock

The day after it would have helped, better late than never

After more than four years of tyrannical abuse of social media and the eCommerce hawking of propaganda trinkets, Facebook, Instagram, Twitter and even Shopify have put blocks on Trump accounts.

Particularly in the case of Facebook, the timing is somewhat unsatisfying. Facebook, as many can recall, has supported Trump “fake” and misleading advertising since before the 2016 election. Those ads were, according to many, a very big reason that he was elected at all. This was a huge mistake of history, one might say, and the mistake started at Facebook.

Naturally, being “arbiter of the truth” or not, is an entirely different issue, because it is the warlord-like raking-in of millions upon millions, if not billions of dollars, by blindly allowing lies, hate, racism and worse be propagated as political advertising, that has been the clear “wrong” that Facebook allowed and profited from.

So, it’s ,at least somehow, a belated comfort that, at least for the moment, ads fomenting violent overthrow of the imaginary “deep state” or sales of MAGA hats that finance said ads, are no longer running in tandem like some kind of dystopian fascist nightmare machine.

At least the media, much of the government and now a lot of big tech and social media are united in one simple thought: Trump is simply a criminal and aiding him in any way make you and your company one also. So, yes, shut it down, now.

Shopify

Shopify, the multinational e-commerce company that hosted shops that relate to Trump’s campaign products as well as Trump’s personal brand have both been taken down. Those who attempt to go to TrumpStore.com or shop.donaldjtrump.com, known for selling the official Trump MAGA merchandise will be meet with error messages as the sites were taken down Thursday morning.  

A spokesperson for the company released the following statement following the terminated stores affiliated with Trump: 

“Shopify does not tolerate actions that incite violence. Based on recent events, we have determined that the actions by President Donald J. Trump violate our Acceptable Use Policy, which prohibits promotion or support of organizations, platforms or people that threaten or condone violence to further a cause,”

-Spokesperson for shopify

Twitter

https://twitter.com/TwitterSafety/status/1346970431039934464?s=20

Twitter also added that “Future violations of the Twitter Rules, including our Civic Integrity or Violent Threats policies, will result in permanent suspension of the @realDonaldTrump account.”

Trump has since deleted the three tweets that led to the temporary suspension of his account.  Trump’s account will remain locked for an additional 12 hours after the deletion.  It is not clear the exact timing of when the tweets were deleted and when Trump will be allowed to post again, he has yet to tweet. According to CNBC,  the lock could be removed around 3 p.m. ET.

Facebook

Trump’s official Facebook and Instagram accounts have both been locked due to policy violations. Facebook Newsroom released a statement via Twitter starting on January 6 at 8:36 p.m. ET, stating that Trump’s account would be blocked for 24 hours. On January 7th, they updated its statement to explain the extent of the block would be “indefinitely and for at least the next two weeks until the peaceful transition of power is complete.”

CEO and founder, Mark Zuckerberg also released his own statement on the matter:  

“The shocking events of the last 24 hours clearly demonstrate that President Donald Trump intends to use his remaining time in office to undermine the peaceful and lawful transition of power to his elected successor, Joe Biden.

His decision to use his platform to condone rather than condemn the actions of his supporters at the Capitol building has rightly disturbed people in the US and around the world. We removed these statements yesterday because we judged that their effect — and likely their intent — would be to provoke further violence.

Following the certification of the election results by Congress, the priority for the whole country must now be to ensure that the remaining 13 days and the days after inauguration pass peacefully and in accordance with established democratic norms.

Over the last several years, we have allowed President Trump to use our platform consistent with our own rules, at times removing content or labeling his posts when they violate our policies. We did this because we believe that the public has a right to the broadest possible access to political speech, even controversial speech. But the current context is now fundamentally different, involving use of our platform to incite violent insurrection against a democratically elected government.

We believe the risks of allowing the President to continue to use our service during this period are simply too great. Therefore, we are extending the block we have placed on his Facebook and Instagram accounts indefinitely and for at least the next two weeks until the peaceful transition of power is complete.”

Instagram

Head of Instagram, Adam Mosseri also took to Twitter to confirm that Trump’s account for the platform had also been placed on a hold.

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Breaking News, News, Observation, Politics

Headline News: The World Condemns Trump and Attempted Coup at the Capitol

Above: Photo Collage / Lynxotic

So many stories, with such an overwhelming consensus on where the blame lies (Trump), with so much detail in the ongoing reporting, it’s a lot to even begin to absorb. However the headline is: a massive majority has sincerely reached the point of unmitigated and well deserved condemnation of Trump and his deluded followers.

How better to get a feel for the magnitude of the outrage than to scan the headlines the old fashioned way: by looking at the cover pages of the world’s biggest “newspapers”. The massive titles and biting subheadings show just how “done” the world press is with this malignant maniac.

Take a look and see for yourself:

Read more: Joe Biden on US Capitol Riot: “It’s not protest, it’s insurrection”

The front page of The New York Times read, “Trump Incites Mob” 

The Washington Post,  “Trump mob storms Capitol: President incites crowd to acts of insurrection, violence”

The Philadelphia Inquirer’s front page “Storming the Capitol: Incited by Trump, Mob halts count” 

San Francisco Chronicle’s front page screamed “INSURRECTION”

TIME’s cover “Democracy Under Attack”.  

Daily Mail UK headlines “Trump’s hate mob storms the Capitol”. 

Today’s International front pages:

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Breaking News, Observation, Politics

Georgia Election: Biden says if Warnock and Ossoff are elected those 2000 checks will go out the door “immediately”

Without need for hyperbole, Biden emphasizes the importance of voting blue in Georgia to real world problems

As the minutes wind down until the critically important senate runoff elections in Georgia, President-elect Joe Biden said that, if the two Democratic senators are elected, Americans will receive $2,000 COVID-19 relief checks, and implied it could happen very soon:

‘By electing John and the Reverend, you can make an immediate difference in your own lives, the lives of people all across this country, because their election will put an end to the block in Washington of that $2,000 stimulus check, that money that will go out the door immediately to help people who are in real trouble.’

President-elect Joe Biden

What he is referring to, of course, is that fact that while congress passed the higher dollar amount for the stimulus checks, once the bill got to the senate, currently controlled by the Republicans and  Mitch McConnell, the proposed increase was blocked and the previous bill was maintained reducing the checks back to the original $600 figure. 

This transpired, in spite of the fact that Trump, in his usual confused and chaotic style, pressured his own party, over whom he supposedly has absolute power, to vote for the higher amount, and therefore they were forced to defy him in order to block the passage of the higher amount. 

It is unclear if this was some kind of reckless ploy, perhaps an attempt by Trump to make himself seem like the “good guy”, and to force the senate to look bad in comparison, including, for example high profile senators that might, in the future, want to run against him, assuming he is even eligible to run. As has been seen lately (and for a long time before that) anything is possible regarding his motives.

What Biden is saying, though possibly a bit exaggerated regarding the timing, is nevertheless correct, that with a victory by both Jon Ossoff and the Rev. Raphael Warnock the senate would be evenly split with 50 Democrats and 50 Republicans. In that scenario, the vice president, who will be Kamala Harris once she and Biden are sworn-in, will be able to cast any tie-breaking vote as needed, giving the Democrats the narrowest of margins, but enough to push through the stimulus checks and, potentially, the first order of business for the new administration.

Later in the appearance President-elect Joe Biden reiterated:

[CHEERING]

“And that’s not an exaggeration. That is a literal– that’s literally true. If you send John and the Reverend to Washington, those $2,000 checks will go out the door, restoring hope and decency and honor for so many people who are struggling right now. And if you send senators Perdue and Loeffler back to Washington, those checks will never get there. It’s just that simple. The power is literally in your hands.”

PRESIDENT-ELECT JOE BIDEN
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Economics, News, Observation, Politics

Trump Continues to Block Stimulus Bill and has now Vetoed Massive $740 billion Defense Pkg.

The 14 day countdown to January 6th “Coup-Day” has begun

After threatening to veto the $900 billion stimulus package that was passed by congress on Monday, Trump has so far not officially done so and has not yet made further comments on the matter. The possibility of an actual veto means that the bill would not go forward without either changes to appease Trump or a vote to override the veto, if it comes to that. 

Representative Peter King, in an interview, not surprisingly called Trump a turncoat, essentially: 

“Why didn’t the president say this before? Why did his administration say it had to be $600? They were the ones driving this. Nancy Pelosi wanted $2,000 all along, and I’m not a Pelosi fan. Bernie Sanders wanted $2,000. The president and his administration refused to give it, and now he’s trying to somehow double back. He’s leaving Republicans out there hanging out to dry after signing off on an agreement and asking us to vote for it.”

Rep. Representative Peter King on the Joe Piscopo Show

Surprise, Trump double-crossed his Republican friends, imagine that.

This chaotic situation, so typical during the Trump years, means that there are three probable outcomes for the stimulus package so desperately needed by Americans.:

1. If Trump vetoes the Stimulus package:

The resolution of the situation could be delayed, indefinitely. The law allows 10 days, excluding Sundays, to sign or veto legislation. If he chooses not to act, the bill normally would become law.

However, in this case the stimulus package was attached to the government funding bill. Current funding expires on December 28th. Since the separate defense bill has already been vetoed by Trump (see below), there will likely be a session next week to attempt to override that veto. An additional vote could be added.

2. Trump sides with Democrats and Republicans fight this new (insane) Trump / Democrat coalition. 

In this case it’s possible that the Unanimous Consent request put forth by Democrats would be voted on, even by tomorrow, and passed. Unlikely but perhaps a Christmas miracle? 

3. Trump signs the bill anyway

Third possibility is that the original version of the bill is ultimately not blocked by Trump (he flip-flops), and then could go forward without an over-ride to the threatened potential veto. 

“If the president truly wants to join us in $2,000 payments, he should call upon Leader McCarthy to agree to our Unanimous Consent request” 

—Speaker Nancy Pelosi

Democratic Reps. Rashid Tlaib, D-Mich., and Alexandria Ocasio-Cortez, D-N.Y., announced on twitter that they have crafted an amendment to raise the amount of the stimulus checks.

“Me and @AOC have the amendment ready,” “Send the bill back, and we will put in the $2,000 we’ve been fighting for that your party has been blocking.”

“We spent months trying to secure $2,000 checks but Republicans blocked it. Trump needs to sign the bill to help people and keep the government open and we’re glad to pass more aid Americans need.”

Senate Minority Leader Chuck Schumer 

All of this along with a potential government shutdown on Monday, and today’s veto of the massive $740 billion defense bill that was already announced. The Senate voted overwhelmingly , with a veto-proof majority of 84 to 13, to approve the huge defense package but now face a necessary override vote. 

Trump threatened to veto this bill because there is no repeal of Section 230 in it. A repeal of Section 230 would be huge news, though unlikely, as it is a law shielding internet companies from any liability for third party postings on their websites.

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News, Observation, Politics

Trump threatens to Veto $900 Billion Stimulus Pkg. unless payout raised to $2000

Video
https://video.twimg.com/amplify_video/1341566152279879681/vid/1280x720/Vy_MHMChhozX7CCA.mp4?tag=13

Once more defying logic Trump insists the Democrats are right for wanting bigger checks

In yet another bizarre missive, this time via video, the long fought battle over the 2nd coronavirus relief package is suddenly sent into a chaotic last minute re-do. Trump called the $600 check amount and other aspects of the current bill a “disgrace, at once criticizing the paltry sum and also stating: 

“It’s called the Covid relief bill, but it has almost nothing to do with Covid, Congress found plenty of money for foreign countries, lobbyists and special interests while sending the bare minimum to the American people.”

Just how odd this announcement today is underscored by the fact that House Speaker Nancy Pelosi, who along with Democrats had, for months, pushed similarly sized checks, reacted positively to the announcement:

“Republicans repeatedly refused to say what amount the President wanted for direct checks. At last, the President has agreed to $2,000 — Democrats are ready to bring this to the Floor this week by unanimous consent. Let’s do it!” she said in a tweet. 

Some have speculated, on twitter and elsewhere, that this was a kind of revenge move by Trump against Senate Majority Leader Mitch McConnell for having the temerity to tell the truth and acknowledge that Joe Biden is the president-elect.  After tweets bashing McConnell, this is an escalation of the same tantrum by Trump. 

Although the bill was passed by a large bi-partisan majority, it’s massive size — weighing in at 5,593 pages — as well as the rush with which it was passed  engendered critics on the left and the right, even as it was passed within less time that many in congress could possible have read it.

Representative Alexandria Ocasio-Cortez, Democrat of New York, likened the rushed vote on so many unread measures to “hostage-taking,” while extreme right wing Senator Ted Cruz, said that it was “ABSURD.”

As has been the case many times in the past, Trump may suddenly sing a different tune at any moment, or the Republican side might defy Trump and refuse to amend the bill. 

Stay tuned for more breaking news, as it will no doubt be  coming down the pike any minute now…

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Breaking News, Observation, Politics

Trump’s End game: Is a Moscow Asylum offer in the cards?

Russia and others speculate on what will become of ‘Trumpusha’ 

When Trump leaves the White House come January 20th, he will undoubtedly have many obstacles to face, both legal and in his business concerns. Meanwhile, it still remains unclear if Trump has plans to try and preemptively pardon himself (and that point is moot since it only covers federal crimes), as he stands to face charges for numerous offenses related to fraud, tax evasion and sexual assault. 

Read More: Trump’s election themed holiday meltdown thanks to South Park creators

What will happen with Trump as he makes his likely final exit as president is a question on many people’s minds, including at the Kremlin, interestingly.

Russian state media have expressed concern about their dear “Trumpusha” or “Comrade Trump” as he is sometimes referred to.  During a state-run TV talk show ‘Russia-1’, Olga Skabeeva brought up the “serious” possibility that the soon to be ex-President should seek asylum within Russia in order to avoid the prosecutions that will surely follow him at the end of his term. 

Other Russian leaders also had more to say, such as Defense Ministry’s Public Council Igor Korotchenko, who also spoke out to defend Trump; which is reportedly a stark contrast to his traditionally combative stance toward other Western leaders.  

“Russia can offer political asylum to the persecuted former president of the United States, Donald Trump. But let him not simply arrive to Rostov or elsewhere, but also transfer his capital here and finally build his famous Trump City somewhere in our New Moscow.”

Day by day the options for Trump dwindle and recede, it seems…

U.S. laws may or may not allow Trump to roam free after he is no longer protected by presidential immunity to prosecution. Yet in Russia, a country who’s laws have the ability to stretch and blur leaders’ accountability, like the constitutional amendment barring any criminal liability for Putin, should he ever step down, that was recently advanced.

The amendment that would secure immunity from any type of criminal prosecution not just within the tenure of the country’s former presidents, but lifetime criminal immunity. Which is just the kind of thing Trump might be wishing for right about now.  

During the Russia-1 TV show, politician Vladimir Zhirinovsky spoke to the idea of potential last-minute surprises that could still be unveiled prior to the 20th of January.

“You don’t know Trump, he has plenty of tricks up his sleeve and can still cause lots of damage to America and the entire world.” This could be an indicator of the reason why Putin held out for as long as possible in acknowledging President-elect Joe Biden.

Ever the Trump cheerleader, Putin has some encouraging words

During an annual news conference, Putin, on center stage, spoke of Trump, future U.S.-Russia relations, as well as continued to deflect questions stemming from the long-standing allegations of Russia’s involvement with hacking and interference in the 2016 presidential elections.  

When asked about the U.S. elections and what Trump’s future would hold, he seemed very optimistic on Trump’s possible future options when he said:

“He is an experienced man both in domestic and foreign policy, and we expect that all the problems that arose, or at least some of them, will be solved with the new administration. Trump, in my view, doesn’t have to find a job, almost 50% of the [US] population voted for him if we count the number of voters, not the electoral college. He has quite a large base of support in the U.S. and, as far as I understand, he is not going to leave the political life of his country.”

Vladimir Putin
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Breaking News, Politics

Georgia Sen. Kelly Loeffler Covid-19 Positive and in quarantine after Mask-Free Rallies

Video
https://video.twimg.com/amplify_video/1329146770656555010/vid/1280x720/ViH2z5FZGUFLDRhL.mp4?tag=13

Above: Photo Collage showing the 4 Georgia Senate runoff election Candidates & Mike Pence

Critical Georgia Senate race seeing possible coronavirus impact early

After a campaign event for the upcoming Georgia run-off election that will decide which party controls the senate, and where Ms Loeffler was seen with primarily “unmasked” crowds, she tested positive on Friday. An initial, less reliable, test was “inconclusive” earlier in the day.

Read more: Giuliani’s Dripping Head and ‘My Cousin Vinny’ Dominate Fraud Presser

Though often seen wearing a mask in public, and wearing one during a post-rally series of meetings with a line of voters who had, lined up to greet her. 

According to the New York Times, After her initial “rapid test” came back negative, she was “cleared” to appear at event on Friday, including a Rally that also had Georgia Senator David Perdue and Mike Pence in attendance. The second test was a so-called P.C.R. test, considered more accurate, was positive.

Read more: Donald Trump Jr. Tests Positive for Coronavirus and is in Isolation after Infection

Ms Loeffler and Mr. Perdue are facing a runoff election in January against Democrats Dr. Raphael G Warnock and Jon Ossoff, respectively. The runoff is certain to attract intense national attention, due to the fact that, if Democrats are able to prevail in both cases the Senate will have a 50 – 50 split with VP-elect Kamala Harris as a tie-breaker, effectively putting the Democrats in a position to marginally control both the House and Senate.  

…No surprise, yet another of the Trump clan has covid-19

Asymptomatic but in quarantine, one more of the anti-mask Trump crew has been added to the list of those that have tested positive for the Covid 19 virus.  It’s unknown whether the public would have been informed by either Trump Jr. or the White House without the story from Bloomberg broken. 

“Don tested positive at the start of the week and has been quarantining out at his cabin since the result, He’s been completely asymptomatic so far and is following all medically recommended COVID-19 guidelines.”

Spokesperson for Donald Trump Jr.

Also On Friday, a White House aide who is also Rudy Giuliani’s son Andrew Giuliani, put out a tweet that was also positive. In addition, an aide to aides to VP Mike Pence, including, Hannah McInnis, was also positive surrounding to the Bloomberg article. Other aides of the VP were previously infected, such as his press secretary and chief of staff. Pence himself has not yet announced any positive diagnosis.

It’s unknown whether the public would have been informed by either Trump Jr. or the White House without the story from Bloomberg broken. This is a developing story and will be updated as news breaks.

As follows, a list of various other Republican establishment figures that have tested positive as well;

  • Melania Trump (First Lady)
  • Ronna McDaniel (Republican National Committee chairwoman)
  • Hope Hicks (White House communications aide)
  • Kellyanne Conway (Former White House counselor)
  • Bill Stepien (Trump campaign manager)
  • John Jenkins (University of Notre Dame president)
  • Chris Christie (Former New Jersey Gov.)
  • Nick Luna (Director of Oval Office operations)
  • Karoline Leavitt (White house assistant press secretary) 
  • Chad Gilmartin (White House press office staffer)
  • Kayleigh McEnany (White House press secretary)
  • Sen. Mike Lee (R-Utah)
  • Sen. Thom Tillis (R-N.C.)
  • Sen. Ron Johnson (R-Wis.)

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Breaking News, Observation, Politics

Heroes that flipped Georgia Blue are Legion and today We Salute You

Video
https://video.twimg.com/ext_tw_video/1325153162450202633/pu/vid/1098x616/uwkMdntmN8Kbucsf.mp4?tag=10

As twitter explodes with Memes and tributes to those that stepped up, the story is halfway: grand finale is yet to come

Georgia has flipped from Red to Blue. This, in case you were wondering, is big and unusual, and has not happened since 1992. Twenty-eight years ago, when Bill Clinton won the state, it was a different time and a different electorate. This year it was new voters, many under 35 that stepped up and shifted the count away from Trump and the Republicans. Black, Latina and Asian voters are on the rise and traditional white voters as a percentage are shrinking, currently just below 53%.

This is a snapshot of what the entire country is moving towards as the racial make up of the country becomes ever more diverse and inclusive. This shift was already well underway during the eight Obama years and will not stop just because Trump and his backward looking followers wish it was so.

Georgia’s heroism is set to be an ever more meaningful theme as it needs to flip again, or else the Biden administration will be severely hindered by another Republican majority, which would lead to a repeat of the problems Obama had during his tenure. 

The focus on Georgia is not going away anytime soon, of course…

The run-off election for the two, suddenly insanely valuable Senate seats is already about to ramp up into the fight of the century. In a sense the races are even more important for the Republicans to win, as control of the Senate is the last chance to wield power over the next four years. 

“Let me be clear, those who come to Georgia with the intention of voter fraud will be prosecuted,” said Secretary Raffensperger. “We thoroughly investigate every single allegation of voter fraud. Anyone is welcome to move to the state named the No. 1 place to do business. However, let me warn anyone attempting election mischief: If you illegally participate in our elections, you might be spending a lot more time in Georgia than you planned.”

— Georgia Secretary of State Brad Raffensperger

Don’t think for a second though that the importance is not clear to the Democrats across the country. Warnings from the Georgia Secretary of State that moving there temporarily to vote in the January Runoffs is illegal were deemed necessary; that’s how serious it is being taken across the country. 

Today, before all of that gets started – let’s salute the heroes of Georgia, led by Stacy Abrams, who will certainly run for Governor again, Atlanta Mayor Keisha Lance Bottoms, the 50,000 that worked to collect and count the ballots and most of all the voters in the now-flipped-into-bright-Blue State. 

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Politics

Vote Lindsey Graham out in November for his total lack of integrity or honor – Lincoln Project ad

Video

Among all Trump’s lackeys and sycophants, one stands out as the biggest loser of them all. A former attacker of the orange menace, his hypocrisy is seemingly limitless and shocking even among the nasty crowd his rums with; Moscow Mitch, Pompeo, Perry, Don Jr.

Read More: GOP’s stunning hypocrisy on Supreme Court seat – dangers of minority rule in Lincoln Project ad

A person with such and obvious and total lack of honor or integrity must be remove from the senate post haste. And that means November 3rd’s election. Like his perverted uncle Moscow Mitch he has been milking the system for nefarious ends far too long. Flapping in the wind and flipping sides regardless of any ethics or meaning, that’s where he should (and will , with your help) find himself on November 4th: Out-to-dry, out-to-pasture and flapping in the wind.

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Coronavirus, Politics

Trump lied about Covid-19 dangers- Sara Gideon takes aim at POTUS and opponent Sen. Collins

Video

Has Trump learned anything? Or was it all Intentional.

Sara Gideon, the Maine House speaker is taking a jab at both Donald Trump and Maine Republican Senator Susan Collins. In a video put out by her campaign akin to that of the Lincoln Project, who retweeted this video, the video clip shows how Trump admitted he knew the severity of the pandemic and intentionally misled and downplayed the American public.

Read More: Trump is the Fear-Monger in-Chief and the New Panic-Man who lied to Woodward in two-way deceit

As many are aware, Susan Collins was often touted to be one of the sole Republican senators expected to do more than toe the party line.

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Unfortunately, she never stood up or even wavered from her blind loyalty. Her anti-impeachment rubber-stamp was historically myopic and she is now a prime target for removal on November 3rd. She is, make no mistake, a Trump follower and in no-way a lone voice of dissent within her party.

Trump lies do matter, as hundreds of thousands of people have already lost their lives to the pandemic, and many of those deaths could have been prevented.

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