The Tax Bill

Finally, a valuable article on the tax bill. Here are some interesting quotes:

Highly compensated attorneys, doctors, accountants, and financial-service professionals will lose tens of thousands of dollars in deductions for their heavy state and local taxes and costly coastal mortgages, without getting much in return. 

And get this, in particular:

Offered a better job across the country? If your new employer tells you, “Don’t worry—we’ll cover your moving costs,” those payments will now add to your taxable income.

This is a clear attempt to put the brakes on the mobility of those who are doing well with fluidity. Please, don’t confuse them with the deterritorialized, supranational elites (known in the sloganeering media as “the super rich” or “the banksters”). Those can’t be stopped no matter what you do. That ship sailed back in 1973.

In the meanwhile, those who are not getting with the program are given a kick in the shins to get them into a more fluid state of mind:

If a plumber makes $60,000 a year as wages paid by an employer, he or she will pay 60 percent more in income taxes than if that plumber had been a sole proprietor or self-employed and takes advantage of the pass-through rate.

Even the language signals towards higher fluidity as the better choice for this category of people.

There is a growing abyss between those who are embracing fluidity and those who aren’t. The tax bill is trying to weigh down the former and speed up the latter. It also tries to coax the deterritorialized supranational elites into hanging around at least for a bit. For the bizillionth time, I don’t for a second believe it will work, so please don’t tell me it won’t. I already know it. 

Yes, it stinks. Nobody said liquid capitalism is a pleasant thing. I strongly believe that the worst approach is to pretend nothing is happening and that we are still living in the solid capitalism era, so let’s tax the banksters to the gills and get free community college for everybody. The second worst approach is to pretend that fluidity is the best thing ever because look how swell it worked out for me and anybody who complains is a deplorable basket case. 

By providing no actual plan of how to deal with liquid capitalism, the US Democrats paved the road for the tax plan we are now seeing. And guess what? They are still not offering anything but antiquated and meaningless slogans. Every day I wait and hope to see if finally somebody will say something. But all I get are the attempts to distract me with noisy outrage and useless memes. 

Yes, the tax bill stinks. Liquid capitalism positively reeks. What are we going to do about it, though?  

Advertisements

7 thoughts on “The Tax Bill”

  1. So I should get an IT degree on the off chance I might have to immigrate?
    :-p

       You know what's entirely wacky? I absolutely do not have the temperament to travel all over the world and move all over the place. And yet my family keeps trying to set me up with people who are almost never anywhere near me. "It's a local relationship because his parents live in this town!" "Where does he live?" "[names place over 500 miles away]"
    I have the life of the fluidity without actually trying. My extended family is all over the world. A "destination wedding" is "almost any wedding I'd attend or be part of ." "Why haven't you inscribed yourself in this locality" also "you should prepare to uproot your entire life at whim."
    

    There are plenty of international xenophobes so I don’t see this a simple conflict between “neoliberal fluids” and “deplorable basketcases.”

    Like

  2. You know what’s entirely wacky? I absolutely do not have the temperament to travel all over the world and move all over the place. And yet my family keeps trying to set me up with people who are almost never anywhere near me. “It’s a local relationship because his parents live in this town!” “Where does he live?” “names place over 500 miles away”
    I have the life of the fluidity without actually trying. My extended family is all over the world. A “destination wedding” is “almost any wedding I’d attend or be part of .” “Why haven’t you inscribed yourself in this locality” also “you should prepare to uproot your entire life at whim.”

    Like

    1. “I have the life of the fluidity without actually trying.”

      • Exactly. And I’m guessing you are not a member of the deterritorialized supranational elite class of mega billionaires (because if you are then I’ll have to hate you). If you can do it? How easy is it for them? The idea that any state has any power over them is risible. Yet millions of people are basing their electoral choices on the belief that it’s not done solely for the lack of will to do so.

      ““It’s a local relationship because his parents live in this town!” “Where does he live?” “names place over 500 miles away””

      • Both my mother and N’s mother independently wanted each of us to marry somebody with a castle in Scotland. We ended up bypassing the Scottish castle-owners. Why Scotland specifically is a mystery.

      Like

      1. Exactly. And I’m guessing you are not a member of the deterritorialized supranational elite class of mega billionaires (because if you are then I’ll have to hate you). If you can do it? How easy is it for them?
        It’s better said this life has very little to do with my actual choices. Sure, I went out of state to college (the furthest I could go away and get it paid for.) I never seriously considered living in that town after college. I made the choice to be near my parents and brother when I moved several thousand miles from my hometown. But otherwise? I’d still have extended family and friends all over the world. I wonder if I am fluid or just a tourist in fluidity.

        Like

      2. “my mother and N’s mother independently wanted each of us to marry somebody with a castle in Scotland”

        Was the movie Four Weddings and a Funeral popular in Ukraine and/or Russia? There was a wedding in a Scottish castle, maybe that influenced them?

        Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s