Author Archives: GiuseppBurgett

Surprise! Donald Trump’s Tax Plan Helps Donald Trump

by GiuseppBurgett Posted on December 22, 2015

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Back in September, Donald Trump put forth a tax plan that pledged to help middle-class Americans and take aim at the “hedge fund guys.” That four-page proposal was criticized for being vague on the details. It also raised eyebrows with its promise to be revenue-neutral.

On Tuesday, an independent think tank weighed in and called bullshit on Trump’s populist guise.

The analysis, released by the Tax Policy Center, found that the Republican frontrunner’s proposal would largely benefit only the wealthiest Americans by giving the top 0.1 percent an average of $1.3 million a year in tax cuts. Middle class Americans would see their taxes reduced by just $2,700 annually.

The plan would also wipe out revenue by a staggering $9.5 trillion over the next decade, according to the TPC,

“The revenue losses from this plan are really enormous,” Len Burman, director of the TPC, said. “Basically it would negate all the economic benefits if we were running deficits anywhere near as large as we’re projecting here.”

This latest analysis proves, once again, Trump’s tax plan and his insistence that it would cost billionaires like him a “fortune” is, as our Kevin Drum noted, the Lie of the Year.

Original source:

Surprise! Donald Trump’s Tax Plan Helps Donald Trump

Posted in Anchor, FF, GE, LAI, LG, ONA, Radius, Uncategorized, Venta | Tagged , , , , , , , , , , , | Comments Off on Surprise! Donald Trump’s Tax Plan Helps Donald Trump

VW Tries to Blame Engine Emissions Fraud on Low-Level "Engineers and Technicians"

by GiuseppBurgett Posted on September 26, 2015

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

I guess it was just a few bad apples. That’s a relief:

Volkswagen has blamed its emissions scandal on a “small group” of people and has suspended a number of staff as Matthias Müller was unveiled as its new chief executive.

….Berthold Huber, the acting head of VW’s supervisory board, called the crisis a “moral and policy disaster”….“The test manipulations are a moral and political disaster for Volkswagen. The unlawful behaviour of engineers and technicians involved in engine development shocked Volkswagen just as much as it shocked the public.”

This is ridiculous. What incentive do low-level engineers and technicians have to do this on their own? Hell, they couldn’t even take on a project like this unless their managers OKed the time to do it, and their managers wouldn’t do it unless they were being pressed by higher-ups. Anybody who’s ever worked at a big corporation knows this perfectly well. And according to Bloomberg, that’s exactly what happened:

Volkswagen AG executives in Germany controlled the key aspects of emissions tests whose results the carmaker now admits were faked, according to three people familiar with the company’s U.S. operations.

….Their accounts show the chain of command and those involved in the deception stretched to Volkswagen headquarters…. Ulrich Hackenberg…. Wolfgang Hatz are among those who will leave the company in the wake of Winterkorn’s resignation two days ago, two people familiar with the matter said. The two previously ran units at the heart of the affair — Hackenberg, a Winterkorn confidant, was responsible for VW brand development from 2007 to 2013, while Hatz ran the group’s motor development from 2007 to 2011.

Will it go even higher? Stay tuned. However, I’ll call BS on UBS, which apparently thinks this scandal “could signal the eventual end of the combustion engine.” Please. There’s no difficulty “amassing accurate data” on engine emissions, as one of their analysts suggests. VW amassed very precise data. They just chose to hide it by means of a calculated, premeditated, multi-year fraud. Anyone who hasn’t done the same should be in fine shape.

View post: 

VW Tries to Blame Engine Emissions Fraud on Low-Level "Engineers and Technicians"

Posted in FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , | Comments Off on VW Tries to Blame Engine Emissions Fraud on Low-Level "Engineers and Technicians"