How Do Multi-Billion Dollar Corporations Avoid Paying Taxes

The following 3 minute video will show you how just 4 of these multi-billion dollar companies get way with not paying their “fair share” of taxes.  And in some cases, they get tax refunds.

Should we be upset with these corporations? Of course!  But we should be outraged at our government for letting them get away with it.

According to Wikipedia:

  • Tax evasion is the illegal evasion of taxes by individuals, corporations and trusts.
  • Tax avoidance is the legal use of tax laws to reduce one’s tax burden.
  • Both tax evasion and avoidance can be viewed as forms of Tax Non-Compliance, as they describe a range of activities that intend to subvert a state’s tax system.
  • When taxpayers try to find loopholes with the intention to pay less tax, even if technically legal, their actions may be against the spirit of the law and in this sense considered non-compliant.

Over $2 trillion in U.S. corporate profits are parked offshore, to avoid paying taxes in the U.S., while law-abiding, taxpaying citizens work hard to pay their “fair share.” What’s the justice in this?

Former Labor Secretary Robert Reich said it best when he said that lost tax revenue has to be made up by you and me and every other taxpayer who can’t afford high-flying attorneys and accountants to shift our income into places with low taxes.”

Instead of paying taxes, they pay lawyers and lobbyists to help them get even more and better tax breaks. If the government starts talking about raising the corporate tax rates, they only complain about how the U.S. has the highest tax rate and then threaten to move their business overseas where the tax rates are more favorable.

How can they be more favorable than zero percent (0%).  I say okay, let them move overseas, but they should be banned from doing business in the U.S. and excluded from participating in any government contracts.

To these multi-billion dollar companies it’s all about profits, and paying less taxes helps them achieve higher profits.

To everyone else it’s all about GREED.

Greedy by samgrittercom

 

Bernie Sanders Exposes Koch Brothers War On Social Security

The anti-government Koch brothers are using their billion$ to wage war on Social Security. They want to destroy Social Security because it’s a huge Federal Government program that is successful. They want to privatize Social Security so they can cash in on it.

It’s hard to understand the big picture on the many ways the Koch brothers are attacking Social Security. The following video by Robert Greenwald and Brave New Foundation exposes their coordinated efforts for attacking Social Security.

The bad news is that Social Security is not their only target. They are anti-government and anti-regulations. All they want to do is make more money. More money so they can buy more politicians, at all levels of government.

This video does a great job of showing how they coordinate their attack on Social Security and other government programs.  This shows the power that the 1% has and how they use it to influence people. This is scary…

 

Bernie Sanders – Real Champion of the Average American People

Bernie Sanders is truly a “people’s politician” and the real champion of the average American people. The issues he talks about are the same issues he’s been championing since becoming a Senator. He has a platform that is clear and straight forward and he is able to articulate it clearly for all to understand. Most important, he is not rich and is not beholding to any special interest groups.

“We will not accept a society in which the Koch brothers and other billionaires are able to undermine our Democratic Foundation by buying candidates and elections!”

Bernie is taking his passionate message to the common people (99%) and I’m going to help him spread his message on this site.

Bernie Sanders - We need a growing middle classBernie needs our help. He has already received thousands of small donations from  common, everyday people. He refuses to take money from corporations, Wall Street or special interest groups.  https://berniesanders.com/

Plain speaking and honest. A rarity in politicians today.

More on Bernie Sanders’ Agenda for America –> https://rationalopinionsblog.com/2015/05/09/bernie-sanders-agenda-for-america/

Sen. Ted Cruz says Democrats plan to ‘repeal the First Amendment’

Credit - Reuters

Credit – Reuters

Sen. Ted Cruz (R-TX) drew audible gasps Thursday when he told gathering of Christian conservatives that Democrats intended to amend the Constitution to limit free speech.

“When you think it can’t get any worse, it does,” Cruz warned at the Watchmen on the Wall gathering of pastors sponsored by the Family Research Council.

“This year, I’m sorry to tell you, the United States Senate is going to be voting on a constitutional amendment to repeal the First Amendment,” Cruz said, to the audible shock of the crowd.

Hey, I’m shocked too. I wasn’t aware that a repeal of the First Amendment was in the works—is this some Duck Dynasty thing? I can’t keep track.

“I am telling you, I am not making this up,” Cruz said. “Sen. Chuck Schumer (D-NY) has announced the Senate Democrats are scheduling a vote on a constitutional amendment to give Congress the authority to regulate political speech, because elected officials have decided they don’t like it when the citizenry has the temerity to criticize what they’ve done.”

Oooooooooh. It appears Cruz is talking about a campaign spending amendment proposed by New Mexico Tom Udall meant to overturn the Citizens United decision and lessen the flood of corporate money into American elections. That’s the First Amendment he’s talking about, the newfangled one that says corporations are people and money is speech and the oil companies are citizens more than you or I will ever be and how dare you try and limit the ability of corporations to explicitly buy the election results they want throughout the nation because that makes Patriot Jesus cry. Yeah, it’s not going to happen. The Udall proposal would require the Republicans to be on board as well, and Republicans would rather chew their own arms off than take their hands out of that cookie jar.

I should have known Cruz was talking about money. Whenever a tea-party type talks about the Constitution, it’s always something about money. Even when it’s about guns, it’s about money.

Reposted from Dailykos.com

How to tell when a Teabagger politician is lying?  When his mouth is open! Especially when it’s Rafael Edward “Ted” Cruz.

GreenB * [new]  Text of 1st Amendment, Post-Citizens United: 

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. corporations and billionaires to buy politicians.  By Rithmck

 

Who Are the Koch Brothers and What Do They Want?

As a result of the disastrous Citizens United Supreme Court decision, billionaires and large corporations can now spend an unlimited amount of money to influence the political process. The results of that decision are clear. In the coming months and years the Koch brothers and other extraordinarily wealthy families will spend billions of dollars to elect right-wing candidates to the Senate, the House, governors’ mansions and the presidency of the United States. These billionaires already own much of our economy. That, apparently, is not enough. Now, they want to own the United States government as well.

Four years ago, the Supreme Court handed down the 5-4 ruling in Citizens United vs the Federal Election Commission. A few weeks ago, they announced another horrendous campaign finance decision in McCutcheon vs. FEC giving even more political power to the rich. Now, many Republicans want to push this Supreme Court to go even further. In the name of “free speech,” they want the Court to eliminate all restrictions on campaign spending — a position that Justice Thomas supported in McCutcheon — and a view supported by the Chairman of the Republican National Committee. Importantly, as a means of being able to exercise unprecedented power over the political process, this has been the position of the Koch brothers for at least the last 34 years.

The Koch brothers are the second wealthiest family in America, making most of their money in the fossil fuel industry. According to Forbes Magazine, they saw their wealth increase last year from $68 billion to $80 billion. In other words, under the “anti-business”, “socialist” and “oppressive” Obama administration, their wealth went up by $12 billion in one year.

In their 2012 campaigns, Barack Obama and Mitt Romney each spent a little more than $1 billion. For the Koch brothers, spending more than Obama and Romney combined would be a drop in their bucket. They would hardly miss the few billion dollars.

Given the reality that the Koch brothers are now the most important and powerful players in American politics, it is important to know what they want and what their agenda is.

It is not widely known that David Koch was the Libertarian Party vice-presidential candidate in 1980. He believed that Ronald Reagan was much too liberal. Despite Mr. Koch putting a substantial sum of money into the campaign, his ticket only received 1 percent of the vote. Most Americans thought the Libertarian Party platform of 1980 was extremist and way out of touch with what the American people wanted and needed.

Fast-forward 34 years and the most significant reality of modern politics is how successful David Koch and like-minded billionaires have been in moving the Republican Party to the extreme right. Amazingly, much of what was considered “extremist” and “kooky” in 1980 has become part of today’s mainstream Republican thinking.

Let me give you just a few examples:

In 1980, Libertarian vice-presidential candidate David Koch ran on a platform that called for abolishing the minimum wage. Thirty-four years ago, that was an extreme view of a fringe party that had the support of 1 percent of the American people. Today, not only does virtually every Republican in Congress oppose raising the $7.25 an hour minimum wage, many of them, including Republican leaders like Mitch McConnell and John McCain, are on record for abolishing the concept of the federal minimum wage.

In 1980, the platform of David Koch’s Libertarian Party favored “the abolition of Medicare and Medicaid programs.” Thirty-four years ago, that was an extreme view of a fringe party that had the support of one percent of the American people. Today, the mainstream view of the Republican Party, as seen in the recently passed Ryan budget, is to end Medicare as we know it, cut Medicaid by more than $1.5 trillion over the next decade, and repeal the Affordable Care Act. According to the Center on Budget and Policy Priorities, “Under the Ryan plan, at least 40 million people — 1 in 8 Americans — would lose health insurance or fail to obtain insurance by 2024. Most of them would be people with low or moderate incomes.”

In 1980, the platform of David Koch’s Libertarian Party called for “the repeal of the fraudulent, virtually bankrupt, and increasingly oppressive Social Security system.” Thirty-four years ago, that was an extreme view of a fringe party that had the support of 1 percent of the American people. Today, the mainstream view of the Republican Party is that “entitlement reform” is absolutely necessary. For some, this means major cuts in Social Security. For others who believe Social Security is unconstitutional or a Ponzi scheme this means the privatization of Social Security or abolishing this program completely for those who are under 60 years of age.

In 1980, David Koch’s Libertarian Party platform stated “We oppose all personal and corporate income taxation, including capital gains taxes … We support the eventual repeal of all taxation … As an interim measure, all criminal and civil sanctions against tax evasion should be terminated immediately.” Thirty-four years ago, that was an extreme view of a fringe party that had the support of 1 percent of the American people. Today, 75 Republicans in the House have co-sponsored a bill that Paul Ryan has said “would eliminate taxes on wages, corporations, self-employment, capital gains, and gift and death taxes in favor of a personal-consumption tax.

Here is what every American should be deeply concerned about. The Koch brothers, through the expenditure of billions of dollars and the creation and support of dozens of extreme right organizations, have taken fringe extremist ideas and made them mainstream within the Republican Party. And now with Citizens United (which is allowing them to pour unlimited sums of money into the political process) their power is greater than ever.

And let’s be very clear. Their goal is not only to defund Obamacare, cut Social Security, oppose an increase in the minimum wage or cut federal funding for education. Their world view and eventual goal is much greater than all of that. They want to repeal every major piece of legislation that has been signed into law over the past 80 years that has protected the middle class, the elderly, the children, the sick and the most vulnerable in this country. Every piece of legislation!

The truth is that the agenda of the Koch brothers is to move this country from a democratic society with a strong middle class to an oligarchic form of society in which the economic and political life of the nation are controlled by a handful of billionaire families.

Our great nation must not be hijacked by right-wing billionaires like the Koch brothers.

For the sake of our children and our grandchildren, we must fight back.

Re-posted from Huffingtonpost.com | by Bernie Sanders

 

 

 

 

President Lincoln’s Vision of Corporations and Corruption in High Places

Abraham Lincoln small“We may congratulate ourselves that this cruel war is nearing its end. It has cost a vast amount of treasure and blood. . . .

It has indeed been a trying hour for the Republic; but I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country.

As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed.

I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war. God grant that my suspicions may prove groundless.”

—U.S. President Abraham Lincoln, Nov. 21, 1864
(letter to Col. William F. Elkins)

Source: The Lincoln Encyclopedia: The Spoken and Written Words of A. Lincoln
Arranged for Ready Reference, Archer H. Shaw (NY, NY: Macmillan, 1950)

Corporatocracy Has Replaced Democracy in America

Corporations are notAfter seeing this infographic quoting Chris Hedges, it really hit home and I was able to focus clearly on how much we have morphed into a full-fledged Coporatocracy.

Corporatocracy is a term used as an economic and political system controlled by corporations or corporate interests. Corporatocracy means being ruled by an oligarchy of corporate elites through the manipulation of a formal democracy. After the Supreme Court’s decision in the Citizen’s United case, the morphing of the America into a Corporatocracy is complete.

“Fascism should more appropriately be called corporatism because it is the merger of state and corporate power.” – Benito Mussolini

Our nation’s most wealthy individuals (1%) are the ones who hold prominent positions in our new Corporatocracy. Through their corporations and political action groups they control the process of determining our nation’s economic and political policies. What we have now is outright worship of obscene profits and power for those who have purchased all the politicians, and who control every facet of our once nearly free society.

Corporations don’t care about helping America succeed. Corporations exist solely for profit, not public good. If the government stands in the way of their profit potential, they can legally purchase new politicians through unlimited, undisclosed campaign donations. If the salaries of their employees stand in the way higher profits, they’ll eliminate them because they are willing to send millions into poverty just to appease an economic system that values wealth at the top over all else.

We now live in a system full of collusion, corruption, and oppression by the extremely wealthy (1%) and their bought-and-paid-for political puppets who enable this unrestrained greed of corporate and financial titans (i.e. bank bailouts, excessive pay for CEOs).

Our government has become a subsidiary of industry.

“The cancer eating America alive right now is a Corporatocracy where cozy relationships between the power elite dictate policy for the 99%. Americans must surgically remove the corporate cancer from government through direct action and the voting booth, and cultivate new leaders from within the movement. When the people lead, our leaders will have no choice but to follow.”  – Carl Gibson

Sources:

  • Huffington Post: The Corporatocracy is the 1 Percent by Carl Gibson
  • Rense.com: Corporatocracy, Corporatism, Fascism By Jim Kirwan
  • urbandictionary.com
  • Wikipedia