TheRealNews on Nov 21, 2016
Economist Michael Hudson, author of J is For Junk Economics, explains how the rising prices of homes came at a great cost to the middle and working classes.
Updated: October 18, 2016
with Chris Hedges
RT America on Oct 15, 2016
On this week’s episode of On Contact, Chris Hedges sits down with David Cay Johnson, author of “The Making of Donald Trump” to examine how the Republican presidential nominee and the rich are benefiting from a rigged tax system. RT Correspondent Anya Parampil further explores how the U.S. tax code has been rewritten to benefit the wealthy.
Like Bill Gates, George Soros, Warren Buffett and H. Ross Perot, but not as lofty, I was once called a “self-made man”. I was an entrepreneur who had co-founded over forty businesses in my career and had accumulated wealth that put me well within the top 0.01 of 1%. If people had something good to say about me, they would say I was a “marketing genius” and that I had the “Midas touch”; everything I touched turned to gold.
Are you as tired as I am of news stories about college tuition costs rising? I’ve been out of college for many years, and you’d have to pay me to go back, but this is ridiculous.
To see how ridiculous, try a little thought experiment. Imagine opening your newspaper and reading this: Continue reading
With Ralph in DC, David in LA and Steve in New Zealand, Ralph tells us how one airline made the mistake of bumping him from a flight, how Paul Ryan lives in a corporate bubble, how he might tweak our system of government, and how one irate gentleman once delighted in blowing smoke in his face. Continue reading
The political coma of the U.S. government induced by Congress and its failure to represent those who elect it can ultimately be traced to the unfair and complex system of income taxation. Better for the country and more equitable for its taxpayers would be a toll tax on the movement of all money along the nation’s economic highway.
This past Saturday morning felt like mid-winter in Asheville, North Carolina, but was actually some weeks past tax day, and dozens of people were gathered in front of a federal building to say something about what federal income taxes are used for — something much more unusual than one would expect.
Many giant profitable U.S. corporations are increasingly abandoning America while draining it at the same time.
General Electric, for example, has paid no federal income taxes for a decade while becoming a net job exporter and fighting its hard-pressed workers who want collective bargaining through unions like the United Electrical Workers Union (UE). GE’s boss, Jeffrey Immelt, makes about $12,400 an hour on an 8-hour day, plus benefits and perks, presiding over this global corporate empire.
The following is Part 3 of my three-part exclusive series for Occupy.com.
Corporate profits are good, right? Low taxes on corporations are also good, right? With high profits and low taxes, corporations have large amounts of money to “invest” in new businesses and jobs, meaning everyone else benefits. Continue reading
by Dennis Kucinich
December 20, 2012
Congressman Dennis Kucinich (D-OH) today strongly objected to a proposal to cut Social Security benefits. The White House suggested a reduction in Social Security to cut costs as part of the so-called “fiscal cliff” negotiations. The proposal called the “Chained Consumer Price Index” would result in a reduction of benefits for Social Security recipients even though Social Security does not contribute to the debt and should not be part of debt reduction negotiations.
There was something missing from the release of a tape showing Mitt Romney pandering to fat cats in Boca Raton, Florida with these very inflammatory words: “There are 47 percent who are with him, (Obama) who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you name it. These are people who pay no income tax.” Romney said his job “is not to worry about those people.”
by Ralph Nader
The Nader Page
July 11, 2011
The all-consuming Washington, D.C. wrangling over debts and deficits, spending and taxing is excluding a large reality of how these financial problems can sensibly and fairly be addressed. These blinders in Congress and the White House come from fact-starved ideologies–mostly from the Republicans–and fear-fed meekness–mostly from the Democrats. Both are furiously dialing for commercial campaign cash.
Millions of Americans gave George W. Bush unquestioned support when he diverted personnel and resources from the war against al-Qaeda and Osama bin Laden to invade Iraq.
Several million fewer opposed the invasion, stating that the primary mission was to destroy the enemy hiding in Afghanistan that destroyed a part of America and not to expand the war. At first, President Bush claimed that Iraq had weapons of mass destruction, capable of destroying Israel and, if placed aboard cargo vessels, could be launched at the east coast of the U.S. When that explanation fizzled, Bush said the invasion was to remove a dictator. Soon, “Regime Change” was the buzz phrase of the month.