Ideal Taxes Association

Raymond Richman       -       Jesse Richman       -       Howard Richman

 Richmans' Trade and Taxes Blog

Raymond Richman, 12/15/2016

Raymond Richman, 12/15/2016

Two items dominate the news today. The first and occupying the most time on television and space in the printed media are the “leaks” from the CIA that it believes Russian hacked the DNC and provided WikiLeaks with the emails that embarrassed Hillary Clinton’s campaign and caused so many voters to support Trump. Presumably the Russians got the FBI to call attention to Hillary’s posting classified information on her internet servers which also influenced many voters. And no doubt the Russians were responsible for the turnout of more than 60 million voters who voted for Trump. My own view as a person who served as Executive Officer of a B-17 Bomb Squadron which conducted nearly 200 missions over Germany during World War II, is that Russian intelligence if it did not try to help defeat an American administration that got its Baltic neighbors to join in a military pact aimed at Russia and which helped overthrow a government in the Ukraine, Russia’s neighbor. a nation to whom Russia had granted territory housing Russia’s major naval base on its Southwestern, would be derelict in its duty to defend Russia’s interests. Russia has no reason to believe that Trump will change U.S. policy other than the fact that Trump has indicated a willingness to treat Russia civilly as Presidents G.W. Bush and Barack Obama did not.

The CIA has a history of intrusions in domestic politics and in the internal affairs of other independent nations to affect elections and overthrow governments. One could argue that is its duty to promote the interests of the U.S. abroad whatever the means. The CIA brought down a Republican President once before by leaking information that forced Richard Nixon to resign the presidency. This is public knowledge and the CIA official who did the leaking bragged about it. It is accused trying to prevent the election of Netanyahu in Israel. It helped to arm the rebels and overthrow the government of Libya. It brought about the dissolution of Yugoslavia, whose civil war destroyed thousands of lives, and replaced a strong government with governments beholden to Germany and Italy and weak and dependent on continued foreign assistance. It armed the rebels and tried to overthrow the government of Syria, with the unintended consequence of enabling Russia to gain influence in the Middle East. The CIA’s misinformation led Pres. G.W. Bush to invade Iraq, which destabilized the Middle East, the U.S. more than a trillion dollars, enabled the rise of ISIS and killed thousands of innocent civilians. The CIA should be dismantled and disbursed among other civilian and military intelligence agencies that have a much better record.


Among the other news items of the day is the success of the Syrian government with the help of the Russians to regain control of one of its major cities, Aleppo.  The CIA which was largely responsible for the rebels’ conquest of Aleppo, may be using the accusation of Russia’s trivial possible involvement in the presidential election by leaking information that benefited President-Elect Trump to hide its own ineptitude.

Your Name:

Post a Comment:

  • Richmans' Blog    RSS
  • Our New Book - Balanced Trade
  • Buy Trading Away Our Future
  • Read Trading Away Our Future
  • Richmans' Commentaries
  • ITA Working Papers
  • ITA on Facebook
  • Contact Us

    Dec 2021
    Nov 2021
    Oct 2021
    Sep 2021
    May 2021
    Apr 2021
    Feb 2021
    Jan 2021
    Dec 2020
    Nov 2020
    Oct 2020
    Jul 2020
    Jun 2020
    May 2020
    Apr 2020
    Mar 2020
    Dec 2019
    Nov 2019
    Oct 2019
    Sep 2019
    Aug 2019
    Jun 2019
    May 2019
    Apr 2019
    Mar 2019
    Feb 2019
    Jan 2019
    Dec 2018
    Nov 2018
    Aug 2018
    Jul 2018
    Jun 2018
    May 2018
    Apr 2018
    Mar 2018
    Feb 2018
    Dec 2017
    Nov 2017
    Oct 2017
    Sep 2017
    Aug 2017
    Jul 2017
    Jun 2017
    May 2017
    Apr 2017
    Mar 2017
    Feb 2017
    Jan 2017
    Dec 2016

    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    June 2012
    May 2012
    April 2012
    March 2012
    February 2012
    January 2012
    December 2011
    November 2011
    October 2011
    September 2011
    August 2011
    July 2011
    June 2011
    May 2011
    April 2011
    March 2011
    February 2011
    January 2011
    December 2010
    November 2010
    October 2010
    September 2010
    August 2010
    July 2010
    June 2010
    May 2010
    April 2010
    March 2010
    February 2010
    January 2010

    Book Reviews
    Capital Gains Taxation
    Corporate Income Tax
    Consumption Taxes
    Economy - Long Term
    Economy - Short Term
    Environmental Regulation
    Last 100 Years

    Real Estate Taxation

    Outside Links:

  • American Economic Alert
  • American Jobs Alliance
  • Angry Bear Blog
  • Economy in Crisis
  • Econbrowser
  • Emmanuel Goldstein's Blog
  • Levy Economics Institute
  • McKeever Institute
  • Michael Pettis Blog
  • Naked Capitalism
  • Natural Born Conservative
  • Science & Public Policy Inst.
  • Votersway Blog
  • Watt's Up With That


  • [An] extensive argument for balanced trade, and a program to achieve balanced trade is presented in Trading Away Our Future, by Raymond Richman, Howard Richman and Jesse Richman. “A minimum standard for ensuring that trade does benefit all is that trade should be relatively in balance.” [Balanced Trade entry]

    Journal of Economic Literature:

  • [Trading Away Our Future] Examines the costs and benefits of U.S. trade and tax policies. Discusses why trade deficits matter; root of the trade deficit; the “ostrich” and “eagles” attitudes; how to balance trade; taxation of capital gains; the real estate tax; the corporate income tax; solving the low savings problem; how to protect one’s assets; and a program for a strong America....

    Atlantic Economic Journal:

  • In Trading Away Our Future   Richman ... advocates the immediate adoption of a set of public policy proposal designed to reduce the trade deficit and increase domestic savings.... the set of public policy proposals is a wake-up call... [February 17, 2009 review by T.H. Cate]