Home » Caribbean News » Trump’s America – Episode # 137 – Feeding The Rich

Trump’s America – Episode # 137 – Feeding The Rich

By Arthur Piccolo

News Americas, NEW YORK, NY, Fri. Sept. 6,
2019:
Don’t ever say President Trump does not
take care of his people …

His RICH people. And what better evidence than the 2017 tax bill.
The many provisions which simply cut the taxes of the very rich and the most
profitable companies was not quite enough …

There were also some special goodies tucked into the 186-page
legislation that you had to search to find, much like presents hidden in a
Christmas stocking. In fact, there was one gift Trump brilliantly disguised as
something for the poor and disadvantaged that was yet another GIFT FOR THE RICH

Trump he is such a Prankster isn’t he? We are so Blessed!

Trump RHYMES with Prankster, Gangster, Monster and Dumpster!

Here is what we need – which I am proposing exclusively here in
Trump’s

America for ALL legislation to stop this widespread abuse …

A new law that will require every piece of Congressional
legislation to include an independently produced INEQUALITY/EQUALITY ANALYSIS,
reviewing how all provisions of all new legislation will impact inequality in
America if that legislation becomes law.

REVOLUTIONARY!!

It will tell us the Truth about all legislation and who REALLY
benefits.

This outrageous provision of the 2017 tax law would have been RED
flagged in the Inequality/Equality Analysis for the legislation identifying the
REAL impact of this provision, if it was not rewritten to prevent this abuse!

How about this FREE advice for Congress in Trump’s America?

Finally, it’s time to bring back my media partners after doing
without any of them for the last few episodes. A forced vacation for them
enforced by me.

Welcome back The New York Times. To make up for ignoring them in
recent weeks, I’ll let them pretty much write this episode for you and explain
yet again how endlessly GREEDY many of the SUPER-rich are.

This Times article has a “perfect” (sic) title … “How a Trump
Tax Break to Help Poor Communities Became a Windfall for the Rich.”

WINDFALL
FOR THE RICH ……. music to President Trump’s ears!!!

Let’s dig
into all the gory details in this Times article from August 31st.

President Trump has portrayed America’s
cities as wastelands, ravaged by “crime and homelessness, infested by rats.
But the Trump administration’s signature plan to lift them — a
multibillion-dollar tax break that is supposed to help low-income areas — has
fueled a wave of developments financed by and built for the wealthiest
Americans.”

“Among the early beneficiaries
of the tax incentive are billionaire financiers like Leon Cooperman and
business magnates like Sidney Kohl — and Mr. Trump’s family members and
advisers.”

PRAISE THE LORD of the rich
& well connected. They inherit everything.

There is so much more I will be
very selective …

“The stated goal of
the tax benefit — tucked into the Republicans’ 2017 tax-cut legislation — was
to coax investors to pump cash into poor neighborhoods, known as opportunity
zones, leading to new housing, businesses and jobs.”

The stated
GOAL really???? Suckers!

Here comes the GOOD part if you are very rich …

“Instead,
billions of untaxed investment profits are beginning to pour into high-end
apartment buildings and hotels, storage facilities that employ only a handful
of workers, and student housing in bustling college towns, among other
projects.”

WOW how
surprising? NOT!

“Many of the projects that will enjoy special tax status were
underway long before the opportunity-zone provision was enacted. Financial
institutions are boasting about the tax savings that await those who invest in
real estate in affluent neighborhoods.”

 It’s time for a famous Trump’s America ENCORE …

“Financial institutions are boasting about the tax savings that
await those who invest in real estate in affluent neighborhoods.”

DOUBLE Encore …. “Financial institutions are boasting about the
tax savings that await those who invest in real estate in affluent
neighborhoods.”

Guess who one of these many Dirt Bags are? Yes indeed, former
Trump sycophant turned attack DOG and the new darling of CNN, Anthony
Scaramucci.

“Mr. Scaramucci’s development in New Orleans offers a portrait
of how the tax break works. His investment company, Sky Bridge Capital, is
using the so-called opportunity zone initiative to help build a hotel,
outfitted with opulent restaurant and rooftop pool, in the city’s trendy
Warehouse District.”

SCARAMUCCI $$$$ SCARAMUCCI $$$$$$ SCARAMUCCI $$$$$$

“The opportunity-zone tax break was targeted at the trillions of
dollars of capital gains held by rich Americans and their companies: profits
from investments in the stock market, real estate and other businesses, even
short-term trades by hedge funds. When investors sell those assets, they can
incur tax bills of up to 41 percent.”

YES indeed; who needs a job when you have CAPITAL gains if you
are rich; your capital WORKS while you play and have fun, fun, fun $$$$$$$$.
But in “fairness,” they create lots of LOW paying jobs with little or no
benefits or security cleaning their mansions, yachts and jets and some their
behinds too.

Sorry back to the so called tax bill and The New York Times
article …

“It allows investors to defer for up to seven years any capital
gains taxes on the money they invest in opportunity zones. (That deferral is
valuable because it allows people to invest a larger sum upfront, potentially
generating more profits over time.) After 10 years, the investor can cash out —
by selling the opportunity-zone real estate, for example — and not owe any
taxes on the profits.”

“Over a decade, those dual incentives could increase an
investor’s returns by 70 percent, according to an analysis by Novogradac, an
accounting firm.”

Another ENCORE ……

“Over a decade, those dual incentives could increase an
investor’s returns by 70 percent, according to an analysis by Novogradac, an
accounting firm.”

That’s right the SUPER RICH are increasing their wealth yet
another SEVENTY % building LUXURY hotels and residential towers legally ABUSING
a law supposedly meant to benefit the poor and downtrodden.

PRAISE THE LORD of the rich and powerful. They are The Blessed !

Here is what one of the VERY Blessed Ivanka Trump had to say ….

“We are very, very excited about the potential,” the president’s
daughter Ivanka Trump said last year at an event ……
“The whole White House obviously is behind the effort. The whole
administration.”

YOU TELL IT LIKE IT IS Ivanka ….you go Girl !!! Daddy’s little
girl.

“One recent morning,
financial advisers representing several dozen of America’s richest dynasties —
advisers to the Pritzker and Soros families were listed as
attendees
 — crowded into a drab meeting room …….”

“The advisers were there to see Daniel Kowalski, a top aide to
Treasury Secretary Steven Mnuchin and the Trump administration’s point person
for the opportunity-zone rules. Mr. Kowalski is barnstorming the country,
bouncing from one conference to the next, explaining to real estate investors
and developers how to take advantage of the new rules.”

America home of the RICH … home of the POWERFUL … the rest of us
are road KILL for their excesses and never-ending GREED.

“More than 200 opportunity-zone funds have been established by
banks like Goldman Sachs and major real estate companies, including CIM
Group of Los Angeles, which has previously been a partner with the Trump and
Kushner families on projects. Those funds have said their goal was to raise a
total of nearly $57 billion.”

That’s right; OPPORTUNITY zones for the 1%. BIG opportunity $$$$$!!

I can’t take too much more of this. I want to give The New York
Times lots of space this week to make up for ignoring them recently but …

ENOUGH IS ENOUGH unless you are the GREEDY rich ….

There is so, so much more to this article but let me go to the very
end of it and bring back the one and only ANTHONY SCARAMUCCI ….

“The night after Mr.
Scaramucci’s pool party, more festivities were underway on the other end of the
Las Vegas Strip — part of a separate event also focused on opportunity zones.
One party was at the Soviet-themed Red Square restaurant. Inside, an investor
handed out postcards with photographs of buildings he wanted to buy in
opportunity zones.”

OPPORTUNITY ZONES forever ….. everybody sing …

God bless America land that they bought … stand beside her and
buy her through the night and all day with a light from above … from the tax
code to the opportunity zones … God bless America …. their home RICH home!!!

Feel better now? SORRY, ONLY if you are very, very rich.

America the land of OPPORTUNITY zones.

And the SOLUTION for the 99% of us is …. ENCORE from me.

“A new law that will require every piece of Congressional
legislation include an independently produced INEQUALITY/ QUALITY ANALYSIS
reviewed how all provisions of all new legislation will impact inequality in
America if that legislation becomes law.

REVOLUTIONARY!

 LET’S FINALLY CALL THEIR SUPER RICH GREEDY BLUFF!

 (This series dedicated in honor of the late Liu Xiaobo & Jamal Khashoggi)

Arthur-Piccolo-ObamasAmerica
EDITOR’S NOTE: About The Writer: Arthur Piccolo is a professional writer and commentator and often writes about Latin America for New Americas.

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