Trump

How to Create Jobs, Raise the Minimum Wage, and Create Prosperity

It is estimated that U.S. corporations have over $2.1-trillion of untaxed profits sitting offshore.  If this money was brought back into the United States without being taxed, we would experience a boom in investment activity and the creation of a substantial amount of high-paying jobs.  Even low-level and unskilled individuals would most likely be offered wages higher than the highest State minimum wage laws.

In addition, if we were to eliminate corporate and small business taxes completely, most every worldwide company in existence would move their domicile or headquarters to the United States, creating more investment and significantly more jobs.  Companies would be offering anybody and everybody employment opportunities through on-the-job training.  Welfare as we know it today would become practically non-existent.

Not only would eliminating corporate income taxes be highly beneficial to the American economy, it would actually provide relief to the poor and middle classes.  Corporations do not pay taxes; they are only efficient collectors of taxes.  Eventually, the taxes paid, along with the cost of government regulations, are priced into the products and services provided by corporations.  Therefore, everyone ultimately pays corporate income taxes but, it is the poor and middle classes that pay and suffer the most, from the regulation and taxation of American business.  This is a fraud perpetrated against the American people by the power-elites who control government.

President Donald Trump is trying to reduce regulations and bring the corporate income tax down to at least 15%.  This is a step in the right direction.  However, Ireland’s tax rate on corporations is 12.5%.  Accordingly, at a minimum, the corporate tax rate should not be higher than 10%. 

If the United States Congress seriously desired to create jobs, see wages rise, and reduce welfare, they would follow Trump’s lead.  They would send him a bill that cuts corporate taxes to zero; or, at the very least, reduces the tax rate to 10%, keeping all deductions for ordinary & necessary business expenses. 

Based upon 7-years of false promises and lies to repeal Obamacare, the odds are against us, against the American people.

Dum spiro, spero—While I breathe I hope.

Slainte mhath,

Robert G. Beard Jr., C.P.A., C.G.M.A., J.D., LL.M.

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President Trump, A Threat to the Left and Right

For most of America, “occupied by people, who vote with, on average, common sense,”[1] President Trump has been a refreshing change as president.  He has actually done what he said he was going to do with less than two weeks in office!

The Left and the Democrats hate him because they believe he will put a stop to their socialist agenda.  Furthermore, they cannot believe Trump got elected in the first place.  They can thank Barrack H. Obama for his eight years of failed policies and lies to the American people, which has ruined the economy for many Americans, left the middle-east in complete chaos, and ramped-up racism in the United States.  With the exception of a small minority on both sides, I thought racism had been mostly eradicated since the mid-1980’s.  In addition, Obama was not entirely happy with the mess he created so he pitted men against women, gays against straights, rich against poor, public school teachers against private & home school teachers, and the educated against the blue-collar working class.

The Right and many Republicans don’t like Trump either.  They argue that since he wants to re-negotiate “free-trade” deals, he is against free trade.  Even Glenn Beck made a statement that all he wants Trump to do is follow the Constitution.  First, Beck and the other Trump-hating conservatives are just as bad as the liberal-left.  In today’s environment, the average American has no idea what the Constitution says; it has not been followed for the past 75-to-100 years.  Secondly, free-trade has not existed in the United States or any other country for well over 100 years; probably longer.  If we truly had free trade, we would need no agreement; or, the agreement would be about one paragraph long.  The existing so-called “free-trade” agreements pick winners and losers and line the pockets of the politically connected.  By re-negotiating these unconscionable restrictive deals, Trump can only improve things for more Americans.

Another benefit with Trump as President and his billionaire-cabinet; they are not doing this for the money.  In fact, most are not accepting any compensation and Trump is donating his presidential salary to charity.  Ben Franklin and George Washington, along with many of the American Founders never received any compensation for their public service.  Franklin warned us that if it became profitable to seek public office, we would revert back to where we had come from (Europe) and only attract scoundrels who are in it for the money.  Franklin’s warning went unheeded.  We now have a professional political class that have become members of the top 10% at the expense of poor and middle class taxpayers.

  I believe that the major media, academia, and the professional political class are most afraid of Donald J. Trump actually having a successful presidency.  If Trump succeeds, the average voter will realize that we do not need professional career politicians.  The professional political class, aided by academia, the judiciary, and the media, have been responsible for destroying the United States and what it is stands for---FREEDOM.  The United States of America is not a democracy, which as Aristotle stated was a perverted form of government, representing tyranny by the many.  We are a Constitutional Republic where the Government is charged with protecting our Freedom and Private Property; not taking it away from us as it has been doing for well over 100 years.  

Throughout recorded history, the average empire has lasted about 250 years (10 generations of 25 years).  The United States of America is in the final two stages before collapse, which would bring us to the year 2026.  To wish or assume that we are different is to assume or wish for something that has never occurred; everything as with life, has an ending.[2]   

President Trump may be able to create enough jobs, making many of our problems fade away.  He has an almost impossible task ahead of him.  Hopefully he can slow things down and delay the implosion of the Empire of the United States of America.  We all need to give him a chance.  He certainly cannot do any worse than Obama did during the past eight years.     

Dum spiro, spero—While I breathe I hope.

Robert G. Beard Jr., C.P.A., C.G.M.A., J.D., LL.M.

 

[1] Dr. Arthur B. Robinson, Access To Energy, Vol.44 no. 5, December 2016.  According to Dr. Robinson, if you look at the electoral map of the United States, “Most of the land is occupied by people who vote with, on average, common sense.  It is in the population centers on the coasts that the densely packed crowd makes, on average, the poorer political decisions.  While many accomplished individualists are found in cities, there is a statistical tendency toward more group think in these places.”  There is a tendency to revert to the lowest common denominator or to the mean.

[2] Sir John Glubb, The Fate of Empires and Search for Survival, William Blackwood & Sons, Ltd., 32 Thistle Street, Edinburgh EH1 1HA, Scotland. (1976,1977).