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The Establishments war on Donald Trump
See other The Establishments war on Donald Trump Articles

Title: Club for Growth Action to Trump: You Sue Us, We'll Sue You Back
Source: National Review
URL Source: http://www.nationalreview.com/corne ... well-sue-you-back-jim-geraghty
Published: Sep 26, 2015
Author: Jim Geraghty
Post Date: 2015-09-26 08:54:45 by Tooconservative
Keywords: None
Views: 21200
Comments: 92

Attorneys for Club for Growth Action, a political arm of the Club for Growth, sent a letter to the Trump Organization’s General Counsel Thursday threatening a counter-suit if Trump sues their organization.

“If Mr. Trump brought suit on the baseless grounds stated in your letter, Club Action would not hesitate to seek sanctions for abusive litigation under Federal Rule 11 or equivalent rules and, depending upon the forum, under statutes that deter Strategic Litigation against Public Participation (anti-SLAPP statutes),” the letter states. “Stripped of its purple adjectives, your letter makes two complaints against Club Action. Both complaints are untrue, and neither comes close to the type of knowing and malicious falsehood the First Amendment requires a public figure such as Mr. Trump to establish.”

At the heart of the issue is the Club for Growth Action ad stating that Trump “supports higher taxes.” Trump’s lawyers say he no longer holds the position the ad refers to, and will soon be unveiling a plan to lower taxes. (Trump has said, however, he intends to target the “hedge fund guys” who he feels aren’t paying their fair share.)

Perhaps the more interesting contention from the Club is this:

You accuse the Club for Growth of trying to “extort” a million dollars from Mr. Trump in return for its political support. Nonsense. Club Action reports it was Mr. Trump who, last spring, asked to meet with the Club. During the meeting requestsed by Mr. Trump, as reflected in the attached letter to Mr. Trump, the Club’s Mr. [David] McIntosh made clear that the Club and Mr. Trump had important areas of policy disagreement. However, some areas of policy agreement also were identified. Mr. Trump asked how he could support the Club and, upon being informed that a donation would be appreciated, invited Mr. McIntosh to send a follow-up letter through Mr. Lewandowski, who also attended.

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Begin Trace Mode for Comment # 6.

#6. To: TooConservative (#0)

The answer to all of this is not to engage these people directly.

Ignore them.

Use your own money to get elected. And then, when in power, press a directly populist message that the wealthy will pay the same percentage of their total wealth, from all sources including current income, that the middle middle class and working class do - the people who are above the level of the earned income tax credit, but below the level of the Social Security cutout.

Make sure that the wealthy pay the identical taxes on capital gains, including unrealized capital gains, that the middle middle class does.

The middle middle class earns wages, and all of them are taxed by social security, medicare and income tax. Therefore, ALL sources of income will be taxed by those same three taxes: capital gains and dividends also, and ALL at the same rate. And unrealized capital gain? That is also taxed to the middle class as well, in the form of property tax on homes (about 1.4% average). So, the middle middle class holds its wealth in homes, and pay 1.4% every year on that wealth.

And the super rich hold their wealth as securities, and they shall be taxed at 1.4% of the value of their wealth too, every year, just like the middle middle class are.

The second source of middle middle class wealth is automobiles, and they pay a sales tax when they buy them. Let the wealthy pay the same sales tax on the purchase of securities as well.

Simply target the different methods by which the rich hold and exchange wealth with the identical taxes, at the same rates, the the middle class pay. That will redistribute about 30% of the wealth of the rich, just as it does the middle class.

It is just. It will be popular with everybody but the rich (and they deserve no special breaks or favors), it will make the rich no different from everybody else, strip them of their secret privileges, and force them to compete in just exactly the same ways.

And as their wealth concentrations ebb, their power will ebb also.

Focus on the middle and working class, and propose tax reform that doesn't make the rich pay MORE taxes, but simply makes the rich pay the same LEVEL of taxes, on all their wealth, that the middle class pay. Do not allow the rich to make special categories of wealth that don't get hit by taxes. Stocks are not different than houses and cars. They're just wealth. But we TAX middle class wealth, every year. Not the wealth of the rich.

There is a nice "right across the plate" pitch here that is so obviously just and fair that the only people who will scream are the rich who want to keep their privileges and shift the burden of government to the middle class, as they have done. Spread the burden evenly, and the rich will be brought in line.

And then name and shame and nail every special interest group that lobbies for its own tax breaks.

No tax breaks, for anybody. Starting at the top, because moves at the top generate greater revenue.

Set the tax burden at the level needed to pay the government without a deficit, and as the debt is gradually retired over time, use the excess to pay it faster.

Stop the accounting legerdemain.

Fair, even and straightforward.

No? Then refuse to compromise, let everything shut down, and let it all go to pieces. By doing so, Andrew Johnson turned what would have been the complete rape of the American South into a merely oppressive, tiresome and ultimately ineffective burden of occupation and annoyance.

Sometimes you have to know when to draw the line and not budge, and accept that its better to let everything go to pieces than to let the bad guys win.

If the choice is to thrown your own child out of the lifeboat to drown, so that the rest in the boat have a better chance of making it, you say that no, we will ALL risk drowning together, and maybe we will all drown together, but we're not throwing my child overboard. Because your lives are no more valuable than his, and it is better that we all die and go to God clean, than they we be murderers, live a few more years, and then all be thrown into hell.

And then, when somebody disagrees, you throw HIM out of the boat, and your problem is solved, and he deserves it.

That's how you fight.

Vicomte13  posted on  2015-09-26   10:03:37 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 6.

#7. To: Vicomte13 (#6)

"And the super rich hold their wealth as securities, and they shall be taxed at 1.4% of the value of their wealth too, every year, just like the middle middle class are."

Weren't those securities purchased with after-tax income? Meaning you want to tax them again. And tax the same security every year.

But only 1.4%, right? That percentage won't go up, will it?

I don't see anything in your post about cutting spending. Why is that? Are we already spending as little as possible and the only solution is to send Washington more money?

misterwhite  posted on  2015-09-26 10:55:20 ET  Reply   Untrace   Trace   Private Reply  


#10. To: Vicomte13 (#6)

Use your own money to get elected.

But Trump gives no indications he is going to cough up that moldy money he's got.

His annual cash flow apparently is on the order of $400M. Assuming he'll blow off $100M on immediate expenses for the extended family and such, he'd have $300M in cash.

After that, he has to start selling off golf courses and resorts and casinos and hotels. Or borrow money (at a favorable interest rate).

You imagine Trump pulling out a big wallet with $1 billion of his own money to run. I would almost bet my own cash money that that will never happen.

Recall Perot, another tycoon self-funder. And how much did he spend? AFAIK, even in his first run (when he had to cover the costs of getting the Reform party on all the state ballots), he spent under $60 million. And I'm not sure Trump will even spend $100M.

Just think how much Trump has enhanced his name brand all over the world in the last few months. He could quit now, having spent nothing and gotten hundreds of millions of dollars worth of free publicity for his name brand. And Trump, in recent years, is all about putting his brand name (not his own money) into big projects.

I know I'm crushing your sweet dreams of the Republican tycoon you can finally love with all your heart and soul but there it is.     : )

Tooconservative  posted on  2015-09-26 12:26:21 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 6.

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