More smart analysis from Ta-Nehisi Coates

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The focus on one subsector of Trump voters—the white working class—is puzzling, given the breadth of his white coalition. Indeed, there is a kind of theater at work in which Trump’s presidency is pawned off as a product of the white working class as opposed to a product of an entire whiteness that includes the very authors doing the pawning. The motive is clear: escapism…. The left would much rather have a discussion about class struggles, which might entice the white working masses, instead of about the racist struggles that those same masses have historically been the agents and beneficiaries of. Moreover, to accept that whiteness brought us Donald Trump is to accept whiteness as an existential danger to the country and the world. But if the broad and remarkable white support for Donald Trump can be reduced to the righteous anger of a noble class of smallville firefighters and evangelicals, mocked by Brooklyn hipsters and womanist professors into voting against their interests, then the threat of racism and whiteness, the threat of the heirloom, can be dismissed. Consciences can be eased; no deeper existential reckoning is required.

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The lasting impact of Trump

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The Dolchstoss myth that’s sure to take hold if Trump is impeached or quits under pressure will be virulent. The tale his devotees will raise their children to swear by will describe the nefarious way that coastal elites, partisan Democrats, the liberal media, and a whole slew of other pseudo-Americans—from Muslims relishing our surprise introduction to sharia law to transgender weirdos, man-hating feminists, and America-hating Obama zombies, not to mention pusillanimous establishment Republicans—all conspired to deprive them of the greatest president ever: the only one they felt ever spoke for them. There will be talk of armed insurrection. Aspiring Dylann Roofs will look for an enemy headquarters to shoot up. It will be ugly.

Don’t really know what a grand jury is? Here you go.

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The new grand jury is a sign that the investigations are ramping up—it shows that the Russian investigation has expanded beyond Flynn to several of Trump’s family members and current and former aides and will possibly continue for many more months. It also means that criminal charges are possible (and that Mueller has evidence of possible criminal activity). It is as yet unclear who the targets of the investigation are.

pub. 08/2017

Suggestions for progressives to counter the idea that supporting Trump is supporting the US

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“Leaks.” The “leak” frame is about national security leaks: truths that could harm national security is revealed to the public or enemies of the nation. Under the metaphor, “leaks” become truths that could harm the security of the President. Since national security leaks are crimes against the nation — unpatriotic and un-American, so under the metaphor, “leaks” threatening Presidential security become crimes against the nation that are unpatriotic and un-American, matters for the Justice Department and the FBI to look into and for the Justice Department to prosecute.

pub. 07/2017

A short history of Trump’s political ambitions and personality

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Trump has, in fact, been involved politics for over thirty years. But it has been crucial for Trump to position himself as a neophyte – initially, to gain an audience as he ran as a “political outsider” tapping into disillusionment with the two-party system; and now, to dodge prosecution, as he feigns ignorance to excuse his disregard for law.

pub. 07/2017

How the Netherlands became a corporate tax haven

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And that disparity is entirely unjustified, because far more untaxed American profit hides out in the Netherlands than in Bermuda. Since 2005, nearly half a trillion (!) dollars in American profit has been safely stored in the Netherlands by companies such as Nike, General Electric, Heinz, Caterpillar, Time Warner, Foot Locker – the list goes on and on. Half a trillion dollars: it’s an unfathomable amount of money, nearly twice the country’s entire budget.

pub. 06/2017

Psst–and to bring it back home:

If history is any guide, the US government will eventually swing legislation back in your company’s favor.

In 2005, for example, Congress passed a law that allowed American multinationals to bring home their foreign profits at a temporarily low rate of 5.25% – a mere one-sixth of the regular tax rate. Some $362 billion flowed back into the US as a result. A quarter of that – a whopping $90 billion – had been cached in the Netherlands.

The promise was that the law would create American jobs. But it didn’t, revealed an analysis conducted by the nonpartisan Congressional Research Service. Nonetheless, another profit repatriation tax break will probably take effect soon. Trump’s proposed tax plan includes a temporarily reduced rate of 10% on overseas earnings that are returned to American soil.

And so Trump, for all his MAGA rhetoric, reinforces American companies’ biggest lesson: earn your money in other countries and you’ll pay less tax.