High Tax Bill and Low Energy Mal

President Donald Trump has a gift.  Not for governing but for looking into the souls of his opponents and giving them a nick name that is at the same time a funny yet accurate.  This gift even warrants its own Wikipedia page.  Consider some of the classics – Sloppy Steve (Bannon), Low Energy Jeb (Bush), High Tax (Chuck) Schumer and Crazy Maxine (Waters).

In every one of these nicknames is more then a kernel of truth.  Consider for example Goofy Elizabeth Warren, the Senator, from the Great State of Massachusetts who has proposed a law to accompany her likely 2020 Presidential Campaign which that will require that:

no business (in the US) with more than $1 billion in revenue would be permitted to legally operate without permission from the federal government.

This law, provisionally called the “Accountable Capitalism Act”, will according to Senator Warren:

restore(s) the idea that giant American corporations should look out for American interests.  Corporations with more than $1 billion in annual revenue would be required to get a federal corporate charter.

But who will define “American Interest”?  Again according to Senator Warren:

The new charter requires corporate directors to consider the interests of all major corporate stakeholders—not only shareholders—in company decisions. Shareholders could sue if they believed directors weren’t fulfilling those obligations.

Let’s read that again.  Shareholders can sue if stakeholders aren’t considered.  Can’t you see the class action lawyer slogans … Buy 1 share, sue the company.

Goofy.  Hmmm.

But if Cats think that the ASX Corporate Governance Council and the whole social licence concept is nonsense, just wait for the US Federal Government to also:

dictate to these businesses the composition of their boards, the details of internal corporate governance, compensation practices, personnel policies, and much more. Naturally, their political activities would be restricted, too.

If such a law is passed, watch how quickly giant American Corporations become giant non-American Corporations.

But Australians should not laugh too loud.  With our own High Tax Bill (Shorten) and Low Energy Mal(colm Turnbull) working hard to turn Australian businesses not into non-Australian businesses, but rather into dust.

Let’s plant government officials into the offices of business to make sure they “behave”.  Let’s tax business so that they “pay their fair share”.  Let’s increase energy costs to ensure no energy is required (because the activity is uneconomic).

Increased tax + Increased energy costs + Increased government regulation = Venezstralia.

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17 Responses to High Tax Bill and Low Energy Mal

  1. I wonder how long it will be before Apple, Microsoft, Google, Facebook, Hollywood etc begin to realise that they are backing the wrong horse by supporting the Democrats and that maybe Trump’s America isn’t so bad afterall?

  2. Spring is coming

    Sloppy Shorten. Now that could go in the wrong direction quickly

  3. mh

    Goofy Elizabeth Warren? Isn’t it Pocahontas?

  4. mh

    Australian politicians attempt to do what Trump does with nicknames, but normally they fall flat. Most likely because the one attempting the branding is totally disliked by the public. ie Wayne Swan calling Hockey “Sloppy Joe”.

  5. mh

    Just checked the Wiki page, Trump gifted her 3 nicknames.

  6. Goofy Elizabeth Warren? Isn’t it Pocahontas?

    Fauxahontas

  7. md

    Let’s plant government officials into the offices of business to make sure they “behave”.

    Let’s plant taxpayers into the offices of politicians to make sure they are honest, not self-serving, and act in the interests of the community.

  8. MarcW

    Should Warren’s policies get any traction (and that is not a given), then Trump will be reelected with a massive majority in 2020. Finally the socialists within the Democrats will be seen for the free enterprise destroyers they are, and the Americans will see sense like never before. If Hilary hitches her wagon to Warren’s proposals, even her faithful will finally see the light and abandon their fantasy belief she is the answer.

  9. mh

    I still remember Trump delivering the line:

    Sloppy Steve let him in. That’s why Sloppy Steve is looking for a new job.

    Little Marco was an effective nick name.

  10. Ƶĩppʯ (ȊꞪꞨV)

    the left = shit

  11. egg_

    Low Energy Mal

    Our low energy PM – that’s a keeper.

  12. Fang

    Rejectable Turnbull, is more like it!

  13. Chris M

    “President Donald Trump has a gift. Not for governing…”

    TDS Spacticus.

  14. Habib

    Let’s plant government officials. FIFY.

  15. Ian

    Who decides what is in the American Interest? The Democrats, of course, after taking into account the graft. That’s all this is, creating an opportunity for graft from those that can afford it.

  16. mareeS

    mh, Fauxahontas, as she is known, the only white blonde blue-eyed indigenous US Indian.

  17. Fat Tony

    bemused
    #2793252, posted on August 19, 2018 at 4:09 pm
    I wonder how long it will be before Apple, Microsoft, Google, Facebook, Hollywood etc begin to realise that they are backing the wrong horse by supporting the Democrats and that maybe Trump’s America isn’t so bad afterall?

    Won’t happen. Apple, Microsoft, Google, Facebook, Hollywood etc are the opposition party – the Democrats are just their political wing.

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