Daily Archives: August 14, 2016

German President Booed, Attacked; Claims “The People Are The Problem, Not The Elites”

Zerohedge:

Revolution is closer than you think…

Following Angela Merkel’s earlier calls for German CEOs to hire refugees, and as Martin Armstrong notes, Germany has raided its healthcare funds to support the refugee crisis…

The government passed a law that allows them to take 1.5 billion euros from the liquidity reserve of the public health care fund (10 billion euros in total, paid by all members and additionally by the taxpayer) and to give that money to refugees / asylum seekers.

 

What would you call this? Insane?

We thought a reminder of the tensions that are bubbling under the surface in Germany.  

As VoxDay noted appropriately, Germany’s elite is going to get a well-deserved one soon as German President Joachim Gauck was booed and attacked in the streets of Sebnitz, Saxony after he blurted out the following unbelievbable statement:

“The elites are not the problem, the people are the problem.”

A little-noticed provision in Donald Trump’s tax reform plan benefits Trump’s companies

A little-noticed provision in Donald Trump’s tax reform plan has the potential to deliver a large tax cut to companies in the Republican presidential nominee’s vast business empire, experts say.

Trump’s plan would dramatically reduce taxes on what is known in tax circles as “pass-through” entities, which do not pay corporate income taxes, but whose owners are taxed at individual rates on their share of profits. Those entities are the most common structure for small businesses and increasingly popular for larger ones as well. They are also a cornerstone of the Trump Organization. On his 2015 presidential financial disclosure report, Trump listed holdings of more than 200 limited liability corporations, which is a form of pass-through.

There is no indication that Trump designed his tax plan to benefit his own companies. “It wasn’t something we took into consideration when we made this plan,” Trump economic policy adviser Stephen Moore said.

Read on.