Trump and nukes

A Time article shown on Yahoo states:

“In an open letter to Congress on Thursday, a group of 17 former nuclear launch officers argued that President Trump “poses a clear and present danger to the country and the world” and warned that “there are no reliable safeguards” to prevent Trump from deciding to launch a nuclear missile on his own.”

These people ought to know.  If they’re concerned, I’m concerned.  Can’t they get Trump a Staples Easy button and tell him it’s the nuke button?

I think we are at a greater risk of nuclear war than any time since the early 1960s.  I’m too old to hide under my desk.  Sad!

The tax law and charitable donations

Charities may get fewer donations under the new tax law.    A study estimated donations could drop by 4.5% or $13 billion.  Under the new law, the higher standard deduction will mean that many middle-class taxpayers will not qualify for the charity deduction.  It is not expected to affect donations from the wealthy.  The article notes that wealthy people donate more to museums and universities while donors of smaller amounts are more likely to donate to social service or religious organizations.

This article discusses tax-related strategies for donating under the new law.

update: Projected impact of tax cuts on deductions

 

Trump and farmers

Trump has sought support from farmers but this New York Times article says that his tax law could hurt farmers.

The article states “New analyses of the tax law by economists at the Department of Agriculture suggest it could actually lower farm output in the years to come and effectively raise taxes on the lowest-earning farm households, while delivering large gains for the richest farmers.”

Trump had lied earlier and said the estate tax was a burden on farmers.  However, only 153 out of 38,328 farm estates paid any estate tax in 2016.

When Trump spoke to farmers in Nashville on Monday, January 8, he said that taxes had been reduced by $5.5 trillion when the actual reduction is $1.5 trillion.

Sad!

Trump should not tell businesses to fire people

I thought Republicans were opposed to government intervention in private business.  Yet, Trump:

  • Said individuals working for the media (ESPN, the Washington Post, and ABC) and NFL players who kneeled should be fired. Should he be telling private businesses who to fire?
  • Made sure Carrier got a deal to keep jobs in Indiana. (Carrier later cut jobs anyway.)  Is this fair to Carrier’s competitors?

He’s wrong to say things like this but the gutless hypocritical Republicans in Congress won’t stand up to him.  This doesn’t even cover the conflicts of interest from his businesses competing with private businesses not owned by government officials.  That’s wrong, too.  Sad!