Trump’s Tax Cuts Are the Biggest Wealth Grab in Modern History

On Nov. 2, Republicans in Congress finally released the details for their tax plan. The Tax Cuts and Jobs Act is a massive overhaul of the tax code and spending priorities—and nothing short of a boon to the very wealthy at the expense of everyone else. I’m old enough to remember way back to Nov. 1, when CBS released a poll showing most Americans wanted to see the wealthiest households and biggest corporations pay more, not less, in taxes. This is in sync…

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2 Wall Street Giants Criticize Trump Tax Plan

WASHINGTON — President Donald Trump’s tax reform plan came under new criticism on Tuesday from two towering Wall Street figures, including billionaire investor Warren Buffett, who called into question a Republican drive to slash the U.S. corporate rate. With the White House and top Republicans in Congress already on the defensive over claims the plan would not cut taxes for many middle-class Americans, Buffett and BlackRock Inc Chief Executive Larry Fink suggested in separate interviews that the corporate rate may…

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Corporate Tax Cuts – A Crazy Idea

Let’s think about the real world in which we Americans live. We just suffered three devastating hurricanes inflicting horrendous damage and untold suffering on parts of Texas, Florida, the U.S. Virgin Islands and Puerto Rico. The cost to the federal government after the Katrina Hurricane in 2005 eventually totaled roughly $108 billion. Cleaning up from these three hurricanes likely will cost taxpayers hundreds of billions of dollars. Then there are the roads, bridges, tunnels, airports, water and sewage systems. In March of this year the American Society of Civil…

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When Stars Sue Managers Over Money: Who Should You Believe?

Johnny Depp blames being broke on his former financial advisers, while Alanis Morissette’s ex-business manager is behind bars. Hollywood battles over money aren’t new, but a slew of recent dust ups between stars and the people they trust to handle their finances has cast a shadow on the business management industry. In 2017 alone, Johnny Depp filed a big-ticket lawsuit accusing The Management Group of fraud, while Alanis Morissette’s ex-manager Jonathan Schwartz was sentenced to six years in prison for…

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Guitarist Caleb Keeter Says Seeing Vegas Shooting Changed His Mind On Gun Control

“Enough is enough,” guitarist Caleb Keeter wrote on Twitter the day after a gunman opened fire at the Las Vegas festival where he’d performed hours earlier with the Josh Abbott Band. Although Keeter had been a lifelong proponent of gun rights, witnessing Sunday’s horrific act of gun violence changed his mind. At least 58 people died and over 500 were injured at the Route 91 Harvest festival when Stephen Paddock, 64, fired on a crowd of 22,000 concertgoers from the 32nd floor…

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First China, now South Korea has banned ICOs

South Korea has banned ICOs, the up-and-coming method of raising funding via crypto tokens, due to concerns over the potential for financial scams. China’s Central Bank became the first to outlaw ICOs, which are also known as token sales, in a move made earlier this month and now Korea is following suit. Companies from across the world have raised more than $1.8 billion this year to date via ICOs, which involve the sale of a newly minted crypto coin based…

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Intel CEO exits President Trump's manufacturing council

Intel said Monday that CEO Brian Krzanich was leaving President Trump’s American Manufacturing Council, the latest executive to distance himself from the president following the weekend’s events in Virginia. In a blog post, Krzanich said that the decline in American manufacturing remains a serious issue, but said that “politics and political agendas have sidelined the important mission of rebuilding America’s manufacturing base.” “I resigned to call attention to the serious harm our divided political climate is causing to critical issues,…

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More CEOs leave Trump's special councils

Richard Trumka, the CEO of AFL-CIO, along with AFL-CIO’s deputy chief of staff, Thea Lee, stepped down Tuesday evening from Trump’s manufacturing council, claiming that Trump’s remarks this afternoon about the violence on “both sides” in Charlottesville “repudiate his forced remarks yesterday about the KKK and neo-Nazis.” The controversial moments in President Trump’s administration have often been followed by quick blowback from the other side, with prominent business leaders taking to Twitter to express their disagreement and stepping down from his advisory…

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Warren Buffett dumped his entire stake in General Electric

Berkshire Hathaway dumped its entire $315.4 million stake in General Electric in the second quarter, according to filings. The firm owned about 10.6 million shares in the company. GE just recently promoted John Flannery to CEO, as Jeff Immelt stood aside. Flannery was head of GE’s healthcare business before being tapped for CEO. Flannery was able to take hold of the healthcare division and grow it into a $18 billion business as its helm. Berkshire Hathaway disclosed it closed its GE position in…

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NFL Player lives on $60,000 a year says this book changed his mindset

An alarming fifteen percent of NFL players end up declaring bankruptcy. Wide receiver Ryan Broyles, who was drafted by the Detroit Lions in 2012 and is currently a free agent, is making sure he won’t fall into that category. He and his wife have lived on about $60,000 a year throughout his career, he writes on The Players’ Tribune: “I don’t have cable. I use Apple TV and Netflix. My wife and I don’t go out to eat a lot,…

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