Lies about “repatriation” from the media and elites. Most of the targeted cash is already in U.S. banks.
Stagnant wages. Windfalls for the politically connected. A new tax plan primarily for the rich.
Just 13 years have passed since the 2004 tax repatriation holiday, which created nearly no new jobs for American workers, but was instead used almost entirely by multinationals for stock dividends and buybacks. Many corporate execs and shareholders became instantly rich from this tax holiday, while workers’ wages were stagnant.
The GOP’s new plan is more of the same for one simple reason:
That $2.6 trillion, which every politician and media pundit loves to cite as a boon to America, cannot come back to the United states, because the vast majority of the money is already here.
This cash is invested in U.S. Treasury notes, U.S. agency securities, U.S. mortgage backed securities, or U.S. dollar-denominated corporate notes and bonds. And no corporate income tax has been levied on these trillions of dollars. Continue reading →
Complete Wikileaks “Vault 7” published here; how CIA is controlling your phone, tv, computer and car
The past week’s news cycle has included amateur analysis of how President Barack Obama’s administration might have wiretapped President Donald Trump’s personal calls and emails. Most pundits contend that all Mr. Trump has to do is call the Justice Department and they can reveal everything to him.
What a joke. The CIA does not fall under the Justice Department. Most reporters have no knowledge of of how government agencies can now track nearly every American’s current location, movement, conversations, emails – even the contents of their phones and computer hard drives – all remotely, undetectable with privacy for none – even at Trump Tower and the White House.
This became very clear today with the Wikileaks expose of CIA methods, abilities and pervasive control of the airwaves, internet, even your “smart” television. We will probably never know if the government bugged Mr. Trump, or if Mr. Trump is now bugging us.
The following release from Wikileaks is directed at journalists, particularly those planning news stories on CIA activities, as revealed in “Vault 7.” The entire remainder of this post is devoted to this release, and the contents do not necessarily reflect the opinions of this blogger. Use any of the many embedded links to gain more insight into the subject matter.
Today, Tuesday 7 March 2017, WikiLeaks begins its new series of leaks on the U.S. Central Intelligence Agency. Code-named “Vault 7” by WikiLeaks, it is the largest ever publication of confidential documents on the agency.
The first full part of the series, “Year Zero”, comprises 8,761 documents and files from an isolated, high-security network situated inside the CIA’s Center for Cyber Intelligence in Langley, Virginia. It follows an introductory disclosure last month of CIA targeting French political parties and candidates in the lead up to the 2012 presidential election.
Recently, the CIA lost control of the majority of its hacking arsenal including malware, viruses, trojans, weaponized “zero day” exploits, malware remote control systems and associated documentation. This extraordinary collection, which amounts to more than several hundred million lines of code, gives its possessor the entire hacking capacity of the CIA. The archive appears to have been circulated among former U.S. government hackers and contractors in an unauthorized manner, one of whom has provided WikiLeaks with portions of the archive. Continue reading →