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Base Erosion and Profit Shifting (BEPS) by Olesya Kazantseva

Base Erosion and Profit Shifting (BEPS)
by Olesya Kazantseva, 2015

https://www.indybay.org/newsitems/2017/12/06/18805126.php
Closing tax havens, ending tax competition, and prohibiting profit-shifting are necessary for a fair tax system. The richest 1% in Pennsylvania could receive another $3 billion from Trump’s tax scam! Democracy is different than plutocracy. Problems do not disappear when they are ignored or repressed as fake populists and lies must be overcome with truth-tellers and sharing wealth.

Only radical change can avert egoism replacing solidarity. The state should serve the public interest and yet private or special interests are often in the driver’s seat.

Posted in Financial Market Capitalism, Political Theory | Leave a comment

Stop Trump’s tax plan by John Harvey

Stop President Trump’s tax plan
Petitioning Economists
by John Harvey, prof of economics, Texas Christian University, Fort Worth, United States

https://www.change.org/p/economists-stop-president-trump-s-tax-plan?recruiter=552142463&utm_source=share_petition&utm_medium=copylink&utm_campaign=share_petition

Stop President Trump’s tax plan.
John Harvey Fort Worth, United States

An Open Letter to the U.S. Congress: The tax plan will have disastrous consequences for the American people

Dear Senators and Representatives:

The current tax plan will prove ineffective at best. More likely, it will further the collapse of wages and widen the already dangerous levels of income and wealth inequality that have become so obvious that both political parties referenced them during the 2016 presidential campaign.

Our central problem is not insufficient profits for corporations. Consumers, not employers, are the real job creators and cutting the corporate tax rate won’t jumpstart the economy. The key to getting businesses to hire and invest is to swamp them with demand for their products, something that is accomplished by raising the incomes of the poor and the middle-class and not those at the very top of the income distribution. Unfortunately, not only have the former faced stagnating wages and unemployment, but they are burdened by mortgage debt, credit card debt, student debt, and payday loan debt. Little wonder this has been the weakest recovery in the post-World War Two era.

Cut taxes for the poor and the middle class and we will see an increase in wages and the creation of the kind of full-time jobs that we so desperately need. Cut corporate tax rates and corporations will end up sitting on an even bigger stockpile of cash. Period. There is no reason to believe that any jobs would come back to the United States or that more funds would be invested here. Firms invest because they expect strong demand for their products, not simply because they have higher profits. Strong demand will only materialize if consumers are empowered with higher wages and relieved of their debt burden.

We, the undersigned economists, stand firmly opposed to the President’s tax plan. Reforms of some sort are not unwarranted, but if our goal is to improve the lives of American workers then this is absolutely not the route to take. Indeed, it may prove to be disastrous. Tax cuts that create economic growth start at the bottom, not at the top. It is not too late to make the current bill into something that could spur growth and employment and usher in a new era of prosperity for all Americans.

Sincerely,

John T. Harvey, Professor of Economics, Texas Christian University, TX

Stephanie Kelton, Professor of Public Policy and Economics, Stony Brook University, NY

Fadhel Kaboub, Associate Professor of Economics, Denison University, OH

A Historical Tax Heist
The New York Times, Dec 2, 2017

https://www.nytimes.com/2017/12/02/opinion/editorials/a-historic-tax-heist.html

GOP Locks Out Democrats Shareblue

https://shareblue.com/gop-locks-out-democrats-while-lobbyists-write-final-touches-on-tax-bill/

The richest 1% in Pennsylvania will receive another $3 billion from the Trump tax giveaway. Trillions in deficits will be paid for by trillions in cuts to vital programs necessary for low- and middle-income Americans: Medicaid, Medicare, food stamps, WIC food assistance, SNAP, Pell grants, The Legal Corporation, PBS, EPA, heating assistance, school lunches, Meals-on-Wheels, after-school programs, the National Endowment for the Arts and Humanities, Amtrak, and the National Institute for Health.
Marc

Senate Passes Tax Overhaul Bill with Last-Minute Changes and Hand-Written Scribbles
by Charlie May, Salon, Dec 2

http://www.truth-out.org/news/item/42790-senate-passes-tax-overhaul-bill-with-last-minute-changes-and-hand-written-scribbles

Compromises, concessions, negotiations and countermeasures are characteristics of the democratic model and aren’t decorations or excesses. When the Twitterer restores Meals-on-Wheels, CHIPs, Medicaid, Medicare, WIC food assistance and Pell grants, we will have a government interested in the people and not fixated on the top !%. Legitimacy doesn’t come out of nowhere. The state should represent the public interest. Otherwise we have an autocracy or arbitrary rule according to Humpty Dumpty “words mean what I say they mean”!

Posted in Neoliberalism, Political Theory, Reducing Inequality/ Redistribution | Leave a comment

The Right to the City and the Greed of the Rich

The Right to the City and the Greed of the Rich
by Julia Lis and Michael Hartmann

http://portland.indymedia.org/en/2017/12/435333.shtml
Thanks to everyone who resisted the GOP tax giveaway! Unlike the security state, the constitutional state should mean compromises, negotiations, concessions, and countermeasures to reverse exploding inequality and precarious work. The state should represent the public interest and yet is often “the errand boy of the banks” (Bill Moyers). Indifference is love’s enemy! Path-dependency and fear of the new can make radical change difficult.

Closing tax havens, ending tax competition, and prohibiting profit-shifting are necessary for a fair tax system. The richest 1% in Pennsylvania could receive another $3 billion from Trump’s tax scam! Democracy is different than plutocracy. Problems do not disappear when they are ignored or repressed as fake populists and lies must be overcome with truth-tellers and sharing wealth.

Only radical change can avert egoism replacing solidarity. Social security, medicare, medicaid, Pell grants, WIC food assistance, food stamps, SNAP, The Legal Corporation, the National Institute for Health, PBS, EPA, public education, Amtrak, the National Endowment for the Arts and Humanities, Head Start, school lunches and after-school programs were all great achievements.

Posted in Political Theory, Reducing Inequality/ Redistribution | Leave a comment

Lessons in Nazi Trivialization and Russophobia

Lessons in Nazi Trivialization and Russophobia
by Sascha Lobo, Serge Halimi and Gabriele Krone-Schmalz, October 2017

http://portland.indymedia.org/en/2017/11/435318.shtml
Gabriele Krone-Schmalz warns of a relapse into simple-minded thinking and cold war stereotypes. Could not Russia be acting out of a strategic defensive and trying to maintain its sphere of influence? Who acts and who reacts?

What should be our policy toward Russia: containment through deterrence or change through cooperation and rapprochement? Instead of discussing these questions, deviationists are slandered and excluded as Russia-sympathizers. The most important question is peaceful life with our neighbors.

Posted in Anti-militarism, Political Theory | Leave a comment

On Health Care and So Much More, the Nordics Show that Equality Works

On Health Care and So Much More, the Nordics Show that Equality Works
by George Lakey

Forget the Nordic diet. Try the Nordic tax plan. French, Japanese, and Scandinavian people don’t live longer because they eat more nutritious food. They live longer because they live in more equal societies.

In Vancouver B.C., the 26 community centers make all the difference and act as cushioning and multiplying resources. Working and non-working persons feel included in the modern project.

George Lakey recently retired from being a professor at Swarthmore College and is on tour with his book “Viking Economics.”

To read his article on Scandinavian lessons published on July 12, 2017, click on

https://inequality.org/research/health-care-much-nordics-showing-equalit/

Posted in Medicare for All, Political Theory, Reducing Inequality/ Redistribution | Leave a comment

“How the Bewildered Herd is Kept on Course” by Rainer Mausfeld

“How the Bewildered Herd is Kept on Course” by Rainer Mausfeld, October 2017

I want to share several insights from the psychologist Rainer Mausfeld in his recent lecture “How the Bewildered Herd is Kept on Course”: 1) Social antagonism is shifted into one’s own person. One becomes a slaveholder of oneself under the neoliberal ideology of human capital. Everyone is a little I-company that must optimize him/herself. (2) Estrangement or de-solidarity can only occur when a necessary measure of fear and uncertainty is induced in individuals. (3) Fear must be induced and has nothing to do with reality. This is an important rule technique. The most important resource in neoliberalism is “accumulation of the fear raw material” (Oscar Negt), “The people are threatening for the rulers when they are without fear” (Tacitus)

Job creation, closing tax havens, redistributing income and wealth and building affordable housing, schools, and hospitals are all trivialized or ignored in the GOP tax bill – in the irrational frenzy to give more benefits and deductions to owners of yachts and private jets!

Why are the Lambs Silent? – Rainer Mausfeld, June 2015

https://www.indybay.org/newsitems/2016/02/29/18783480.php

Neoliberal Indoctrination – Rainer Mausfeld, January 2016

http://portland.indymedia.org/en/2016/02/431734.shtml

Denial, distraction and a corrupt corporate media can lead to depolitization. Federal judge Orrick in CA ruled Trump can’t punish Sanctuary states. But the corrupt media only talks of hypocrites like Mulveney who said children deprived of school lunches are better students!

The GOP tax bill has at least 1000 mistakes (taking $6 billion from HUD, trillions from Medicaid and food stamps and $460 billion from Medicare are examples). Are they waiting for the next 1000?

Tax bills should close tax havens and end tax competition. Tax fairness means McDonald servers shouldn’t pay more tax than the parent company! Profit shifting enables McD, Google, Amazon, Apple, Facebook, Nike, GE and Microsoft to declare profits in mailbox firms in miniature states.

If the tax giveaway passes, the term “honest Republican” becomes an oxymoron like “military intelligence.” More at www.freembtranslations.net and www.grin.com

Posted in Neoliberalism, Political Theory, Reducing Inequality/ Redistribution | Leave a comment

The Driving Force of Global Inequality: Tax Avoidance

The Driving Force of Global Inequality: Tax Avoidance
by Gabriel Zucman, Harald Schumann and Fabio De Masi, November 2017

https://www.indybay.org/newsitems/2017/11/21/18804700.php

Behind closed doors, a powerful industry has developed worldwide since the 1980s. Business groups assign profits to different subsidiary firms as though they were independent entities.

The six European tax havens (Luxemburg, Ireland, Netherlands, Belgium, Malta, and Cyprus) skim off 350 billion euros every year. Avoiding corporate taxes enriches a small group of persons. Taxes that are avoided must be compensated by higher taxation of households with lower incomes. A new loophole is always found.

Closing tax havens and ending tax competition is vital for a fairer tax system.

Posted in Financial Market Capitalism, Neoliberalism, Political Theory, Thomas Piketty | Leave a comment

Bob Dylan’s Nov 14 concert 1 hr 40 min

Enjoy! Imagine a world with true populists, not only a world with Trump Overload!
Marc

Sen Merkley described the GOP tax bill as a “tax heist” Bob Dylan’s Nov 14, 2017 concert in Washington DC, 1 hr 40 min

and the 52-min “Getting to Dylan” (1986) from the BBC

https://www.youtube.com/watch?v=2pS8rM_MsIY

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Republicans against the Poor and the Sick

Republicans the Poor and the Sick
by Detlef Umbach and Constanz Weinberg, Oct 24, 2017

http://portland.indymedia.org/en/2017/11/435282.shtml

The US is experiencing a dramatic deterioration of its public health. President Trump is trying to make the ACA “implode” through decrees. The insured are reacting to the Trump decrees and to their higher premiums. A series of states have filed actions against the decrees.

Trump wants to lower the taxes and give new contracts to the arms industry – even though the indebtedness of the US at $3 trillion reached the highest level of all time. To take the edge off, Trump plays the advocate of the victims of the neoliberal madness and promises jobs and safe housing.

The GOP, the party of social coldness, declares cruelty as its main virtue.

Our institutions will not save us
by Baynard Woods,
The Eugene Weekly, Nov 9, 2017

and Nouriel Roubini:
“The Plot Against America’s 99%”
_____________________________________________________________________________________________________

Our institutions will not save us
by Baynard Woods, Nov 9, 2017, Eugene Weekly

http://eugeneweekly.com/20171109/lead-story/our-institutions-will-not-save-us

“The Plot Against America’s 99%”
by Nouriel Roubini, Nov 6, 2017, Project Syndicate

https://www.project-syndicate.org/commentary/republican-trump-tax-plan-by-nouriel-roubini-2017-11

The problem is that eliminating the state and local tax deduction would provide just $1.3 trillion in revenue over the next decade. And because this change would hurt middle-income families, many Republicans in high-tax states such as New York, New Jersey, and California will oppose it. If congressional Republicans and the Trump administration end up keeping the state and local tax deduction, their tax cuts will add $3.8 trillion to the public debt over the next decade…

If this far-fetched projection sounds like voodoo economics all over again, that’s because it is. Voodoo economics came into parlance in the 1980 presidential election, when George H. W. Bush criticized Ronald Reagan for claiming that his planned tax cuts would pay for themselves. Bush was vindicated just a few years later, when the Reagan administration’s tax cuts blew a huge hole in US public finances.

And yet Republican administrations have persisted in pursuing unsustainable and undesirable tax cuts benefiting primarily the rich, leading to ever-larger deficits and trillions of dollars of additional public debt. The Republicans’ eagerness to pass reckless tax cuts once in power gives the lie to their claims of fiscal rectitude.

Making matters worse, America’s pluto-populist president is peddling a tax plan that will further increase economic inequality at a time when income and wealth gaps are already widening, owing to the effects of globalization, trade, migration, new labor-saving technologies, and market consolidation in many sectors.

Given that the rich tend to save more than middle- and working-class people, who must spend a larger proportion of their incomes on basic necessities, the Trump tax plan will do little for economic growth; it may even decrease it. And it will add far more to the US’s excessively high public-debt burden. It is fake reform, brought to us by an alt-fact administration and a party that has lost its economic bearings.

Posted in Political Theory, Reducing Inequality/ Redistribution | Leave a comment

“The Public Trust Doctrine,” Wealth Inequality, and Iraq

“The Public Trust Doctrine,” Gabriel Zucman, and Sebastian Plappert

“The Public Trust Doctrine”
by Mary Wood, 14 pp

https://law.uoregon.edu/images/uploads/entries/FINAL_PDF_For_DISTRIBUTION_Encyclopedia_Public_Trust1.pdf

Why did the USA invade Iraq?
by Sabastian Plappert

http://www.grin.com/en/e-book/154621/why-did-the-usa-invade-iraq

Wealth Inequality in the US since 1913
by Gabriel Zucman, May 2016, 60 pp

http://gabriel-zucman.eu/files/SaezZucman2016QJE.pdf

Posted in Anti-militarism, Environmental Economics, Political Theory, Reducing Inequality/ Redistribution | Leave a comment