Every day, it happens: the tax system puts unfair burden on the 99.9 percent while the very wealthy and big corporations pocket huge bucks…and a lot of those bucks come …
The robbery of our money by the wealthy and corporations and the placing of a heavier tax burden on regular people is one of the key drivers of class warfare in this country. When corporations and the wealthy hide money and/or use gimmicks to avoid paying a fair share of taxes, we all end up paying more–or the basic services of a decent society collapse.
Bernie Sanders “has been the lone voice in the Senate fighting for legislation that would ensure that corporations and the wealthy pay their fair share,” according to Citizens Tax Justice, the leading voice for tax justice in the nation.
Some things you gotta like in the president’s tax plan. Other things…not so much.
In the midst of the Greek chorus demanding that everyone salute in awe and reverence to the tax proposals set to be unveiled in stage-managed “don’t actually look behind the curtain” fashion, it’s worth a pause to consider what these ideas mean in the big picture of class warfare and the crumbling of the country: meek stuff, clearly driven by the very Democratic/liberal pollsters who got the country into the mess in the first place by being cowards, a bit discriminatory and just long-term…bleh…
Not that this should be entirely shocking but this should end the debate about how is getting fleeced and who carries the burden in society. And it’s useful to have this handy to dispatch to the usual class warfare deniers.
Block the borders!!! Those rich people are fleeing state high taxes. Yeah, right–it’s a myth.
I often hear the refrain that billionaires and corporations just use legal tax gimmicks to avoid paying a fare share in taxes, and that if you want to hold someone accountable, point your finger at the politician who votes for the tax loopholes that makes tax dodging legal and possible. I get the politician’s responsibility–but only up to a point. Because there is a morality issue at stake here…uh, oh yeah, morality and business don’t coincide, as John Malone proves.
I am of two minds about Tim Cook’s public declaration that he is gay. On the one hand, good for him if he thinks that it emboldens other people to not be afraid of their sexual preference being known publicly. On the other hand, if the message is that, you, too can come out but only once you are the CEO of one of the most powerful corporations in the world–and you can do all that while fleecing the U.S. government of billions of dollars in revenue…well, it’s a moment to pause and consider.
While everyone is focused on the polls and the dwindling chances of the Democrats to hold the Senate, on the tax policy front, it’s just horrendous, with the choices in the upcoming lame duck session of Congress verging from “bad” to “very bad”.
Every company and every industry runs around yelling, like a little child, “I’m special” and, so, don’t tax me. And Congress just falls all over itself to pass one dumb tax break after another. Here’s the dumb one regarding the Internet.
When it comes to taxes, neither party has an exclusive claim to dumbness. Bi-partisanship on taxes is pretty common–and over the years it’s one of the central reasons we have such a deep hole in the public till. And it just keep coming.
Big money. Two trillion dollars. If you could touch it, it would reach…oh, I dunno, I’m not going to tell you how high that stack would go and, actually, the point is, you can’t touch it: it’s stashed overseas. In corporate bank accounts. But, here’s the beauty: if you want to know what it feels when the Fortune 500 fleece the country to the tune of $550 billion in dodged taxes on that $2 trillion hiding in foreign bank accounts, just pull out your billfold…empty…well, that’s cuz the tab for that fleecing is on YOU.
In honor of tax day, check out these corporate loopholes. And, then, send your check with a non-smiley face on the envelope to the IRS.
Just so we’re clear, and this bears repeating even if it is obvious, the richest people in the country are going to, once again, be the gift of more welfare-for-the-rich under the tax proposals of House Budget Committee Chairman Paul Ryan–while, just by the numbers, lower income people will get hit with a tax increase. Don’t you love this system?
Most of the nonsense coming from Congress about budgets — and that nonsense is particularly of a Republican Party flavor but also emanating from Democrats — touts more tax breaks and tax cuts for business. It’s entirely crazy. The one island of sanity comes from the Progressive Caucus.
What I really like about corporate skullduggery is that at least it’s usually done with big numbers, as in billions of dollars. Nothing on the cheap (except, of course, when it comes to paying workers). In another installment of “how can we fill our coffers, pay our CEO millions of dollars and fleece the public” comes today’s news: Corporate-based America is robbing the states of billions of dollars by dodging taxes.
I know, you are shocked, shocked, shocked that the proposal from Congressman Dave Camp, the Republican chairman of the House Ways and Means Committee, is awful. But, good to have the facts on exactly why.
It’s new data but not a new revelation because this bit of news is nothing we haven’t already become accustomed to. Corporations are robbing the country, robbing because corporations pocket profits made possible from all the investments in human and physical capital made thanks to taxes regular people pay but the same corporations do squat when it comes to paying a fair share.
Really, people are being grossly unfair to Max Baucus, wondering why someone who doesn’t speak Chinese would qualify to serve as ambassador. But, c’mon people, focus on the important lingo Baucus brings to the table: it would be hard to find another Democratic elected official who speaks such fluent corporate shillism…The man has got a perfect pitch. But, there is a silver lining.
You’ve come to expect here a very skeptical, verging on enraged, attitude towards how the elites talk about taxes — including Democrats. Aggressive proposals to raise taxes to reasonable levels, particularly on the wealthy, just can’t be found with a few exceptions. Here is one that makes a bit of progress.
There is so much rubbish the traditional media churns out about taxes it’s just hard to keep track of it. So, what’s a thinking person to do? Check this out.
The whole nonsense about taxes being a big burden on the rich has been one of great societal burdens. At least one rich guy has found that out, giving up the search for the Holy Grail of low tax countries. And wouldn’t you know it, it was John Cleese himself.
Yesterday, I asked how it is possible that people who are either raving lunatics (read: Michelle Bachmann) or just simply have loony ideas, which are just covers for ripping off the country, still get taken seriously. Paul Ryan, take a bow.
A big smooch to you from Facebook, oh unsuspecting citizen. No, it’s not a new wrinkle that will drive you mad on your profile page. It’s the usual: Facebook just “likes” you to pieces for your personal generosity. Your Facebook tax giveaway generosity.
Sometimes taking down the dumbest arguments repeated by “free market” adherents really feels like shooting fish in a barrel. Most of the “theories” are just rhetoric, with no substance beyond a political goal. Here’s another one: the rich will feel your state if taxes go up. Not.
We tend to hear most of the rhetoric on taxes focus on federal taxes — and there certainly is good reason to do so. But, the underbelly of the system — and the way in which the poorest people are screwed — can also be seen at the state and local level.
When Phil Mickelson whined the other day that his taxes were too high, I tweeted “Mickelson whining abt paying higher taxes, w $47.8 million in earnings. Greedy bastard. How abt work a hard job?” Apparently, the heat was a bit too much for him from other quarters and so now he’s apologizing about speaking up. Bad move.
With all the foolishness everyone seems to associate with the folks in Washington, D.C., don’t worry — coming to a state near you will be same lame-brained ideas that have caused a heap of damage for decades. You know the rap: lower taxes because, presto, that’s the magic potion for all that can be good. Oh, no.
Damn, math really messes shit up. I mean, first you get told about all this money that got saved and, then, boom, it’s gone because turns out…it wasn’t saved at all. Welcome to the wild world of fiscal deals made by political parties who care mostly about their own futures, not the futures of regular people.
Just in case you were snowed by the public relations blitz about all the great riches about to be showered on the “middle class” and
“working Americans”, well, it’s actually the same old story again.
This is not another analysis or observation focusing on the strategy and tactics that led to the deal just made on taxes. I was bored by the whole debate weeks ago because, frankly, it missed a much more central fact: the Democratic Party long ago gave up the fight over having a sensible tax rate for the richest people.
Facts and figures are useful when you try to get through the smokescreen of political spin. Here are facts about the tax deal — a bad one, in my view.
To understand how absolutely absurd the debate is over taxes in the U.S., you just have to cast an eye across the Atlantic to France. The right wing in France supports tax rates higher than the left wing in the U.S. Yes, really.
I wish this phony debate about the debt and deficit “crisis” would be over because, truthfully, I’m running out of clever new ways to call this bi-partisan exercise the stupidity it truly is. So, sigh, here we go again — but I can leave it to others to call it by its true name.
You want a visual of what the phony fight about the fiscal “crisis” really is about? Here you go.
I’m not sure if this is true — I treat anything written in The New York Times on economics with a grain of salt. But, it’s worth considering that the rich have nothing to fear but that’s not a surprise.