Young Turks: Fox News/News Corp Tax Breaks & OWS

[CherylK]

Run time: 03:52 https://www.youtube.com/watch?v=MpTuu7aE7HM   Posted on YouTube: October 21, 2011 By YouTube Member: TheYoungTurks Views on YouTube: 7463   Posted on DU: October 22, 2011 By DU Member: CherylK Views on DU: 1398

 
Rupert Murdoch's News Corp, parent company of Fox News, has been lobbying for a U.S. trade deal with Panama to create more offshore tax havens. The Young Turks host Cenk Uygur on the Occupy Wall Street coverage and a conflict of interest.

Watch exclusive Occupy coverage here:

http://current.com/shows/the-young-turks/

[JJW]

1. Now this is reality news

Nice job, you'll never see this on Corporate Owned Media!

[Douglas Carpenter]

2. kick and recommend

[kimsarah]

3. What's galling

to me is that for every $100 these large corporations stash away in offshore tax havens, that's $35 less in revenues coming into our Treasury for the federal budget (which helps finance state budgets). That means when the rest of us dutifully pay our taxes and there's still a huge deficit, the tax-avoiding corporations want us to pony up more money via Social Security and Medicaid to try to balance the budget so they can continue to finance their profits and bonuses and live high off the hog. This is a classic example of the 1 percent laughing all the way to the bank at the expense of the rest of the 99 percent. What a kick in our face. It's their form of capitalism at its finest.

[JDPriestly]

4. Great again!

And their failure to pay their fair share of the taxes here is why Congress and the Treasury Dept. raided our Social Security surplus in order to fund the ongoing expenses of government.

So, companies like Fox News and the very wealthy got their huge tax breaks and keep their wealth offshore and retirees in America who paid their payroll taxes for years and years and years are supposed to accept cuts to Social Security and Medicare.

No way, Jose. That is not going to work.

Free trade is a lie to protect and increase the wealth of the very rich.

But the truth is coming out. More and more Americans are finding out what is really going on.

[civilisation]

5. it goes like this,. .

corporatist game plan

Start wars to maintain/expand military budget,. feeds the arms contractors, and the private army as well. Wars loose money, in fact they destroy wealth, a million dollar bomb to blow up a neighbourhood,. .

loosing money drives up the debt,. this helps the bankers since the gov. borrows money at interest,. it is a cash generating machine for the 1%. It is a feedback loop as well, meaning this process is self generating.

Now that the debt is sky high, start chipping away at the gains the 99% have made,. take their houses, job, social programmes,. sell off publicly held property, to crony private interests, who will now run these once public utilities for profits in stead of the public good.

Problem is they went a bit too far in recent years,. the inexorable greed of the 1% has tipped the balance, they have awoken the 99%.

[Quixote1818]

6. K and R