TheRealNews on Apr 14, 2018
Economist Michael Roberts says the change of tone within the OECD is interesting, but there are no takers ready to implement estate taxes to reduce inequality.
In a blatant example of “do as I say, not as I do,” the US government is profiting handsomely by accepting marijuana cash in the payment of taxes while imposing huge penalties on banks for accepting it as deposits. Onerous reporting requirements are driving small local banks to sell out to Wall Street. Congress needs to harmonize federal with state law.
TheRealNews on Jan 1, 2018
Low interest rates, “quantitative easing,” and the mitigation of antitrust laws led to more mergers and acquisitions in 2017, but that’s only going to fuel greater wealth inequality and tighten the corporate grip on the political system, explains economist Michael Hudson.
Have the Republican greed-hound toadies gone too far? How much are the American people going to take before they replace the reckless Republicans in the next election? Low and middle-income Americans are bracing for the likely passage of a Trump-supported tax bill that deviously redistributes even more of the people’s income to the richest one percent (including a big tax cut for Trump) and the unpatriotic giant corporations.
An article written for the hundredth anniversary of the Russian Revolution, to be read in Beijing today.
Socialism a century ago seemed to be the wave of the future. There were various schools of socialism, but the common ideal was to guarantee support for basic needs, and for state ownership to free society from landlords, predatory banking and monopolies. In the West these hopes are now much further away than they seemed in 1917. Land and natural resources, basic infrastructure monopolies, health care and pensions have been increasingly privatized and financialized.
It is not just Donald Trump whose rhetoric is chronically bereft of reality. Politicians, reporters, commentators and academics are often similarly untethered to hard facts, albeit not for narcissistic enjoyment. There are many patterns of fact, relevant to a subject being discussed, that are off the table—either consciously or because they are deemed inconvenient. Rarely are there omissions due to the facts being hard to get or inaccessible.
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