felix
Felix Salmon
felix
Host and editor, Cause & Effect

What a great and necessary question. This is why, from its inception, we’ve said that Define American is about immigration, CITIZENSHIP and IDENTITY. In my own large extended Filipino-American family—Filipinos are either the 3rd or 4th largest immigrant groups in the U.S.—many aunts/uncles and cousins have yet to Read more

I can’t stand the ‘job creator’ bullshit that is thrown out there by conservatives. My dad talks about job creators like giving rich people more money will cause them to be so generous to create jobs. A person doesn’t invest money into a business to create jobs for the public good, they do it so that MORE money Read more

Also, since salaries for your employees are tax deductible that’s what encourages corporations to be job creators. So don’t lower their tax rate. It removes an incentive to create jobs. Read more

Oh we can impeach him. The one page of the one tax return we have from him shows he would have paid $25 million less in taxes in 2005 if the Alternative Minimum Tax didn’t exist - and he wants to do away with AMT. Surprise. But we won’t impeach him, because in order to impeach, the Republican-led House and Senate have Read more

Is this a violation of ethics? Can we impeach him now? Read more

Ugh, I was RAGING on Sunday evening when NPR had a man from the Ways and Means Committee enthusing about how giving money to job creators (AKA rich people) was going to boost the economy 9% a year, which would pay back (and more!) the shortfalls that cutting taxes for the rich would cause. Read more

Trump’s tax plan is more horseshit than I even thought was possible. Not only will it add more and more onto the deficit ($2 trillion over the next 10 years), but it will only further increase income and wealth inequality in this country. I can understand lowering the top marginal rate, while also eliminating Read more

Rates are meaningless without defining the base. I could propose a tax system with a 1% rate that would bankrupt you or a 100% tax rate that would leave you paying nothing. Its also likely that its going to have to be passed through budget reconciliation (to avoid needing votes from the Democrats in the Senate), Read more

You’re all gonna have egg on your faces when these tax cuts for the oligarchs create so many coal jobs because _____________....uh....MAGA! Read more

One interesting aspect of this is that the rights enjoyed by corporations are expanding because the Supreme Court considers them to be persons under the law. So, corporations are enjoying all the constitutional rights that actual humans have, plus have the additional bonus of limiting liability to shareholders, but Read more

Well, when you have CEOs that can fail at their job, costing employees their jobs while walking away with millions of dollars which should have been given to said employees for putting up with their shit. Read more

Between this and the “same as the first, but quite a bit worse!” health plan, Cheetolini just is dead set on creating a modern dystopia, isn’t he? Read more

See, I like what you’ve done here. You could have accepted the responsibility for your part in not being born into a wealthy family. However, you deflected the blame nicely. Read more

Damn I blame my parents for the accident of my birth in their family, why couldn’t I have been in a rich family so I could walk the floor of our automated factory and proclaim how I lifted myself up by my bootstraps and pushed all the limits myself with no help so how dare these poors say that the American Dream is Read more

Look on the bright side: these people are utterly incompetent, Trump has zero interest in the nuts and bolts of policy on any issue, and is quite possibly the world’s worst negotiator, who’s already proven on multiple occasions in his first 100 days that the extent of his strategy is to make dumb bluffs and ultimatums Read more

I’m sure Trump will get to jobs for his low-income voters just as soon as he gets his tax cuts for the absurdly wealthy and his big, beautiful wall.

(Which is to say, never.) Read more

Color me surprised... He has done the same things in every business and venture he has been involved in for 30+ years. Read more

I know this is overused at this point but it is so so appropriate.