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The Struggle against Aggressive Tax Avoidance

The Struggle against Aggressive Tax Avoidance
by Karl-Martin Hentschel (2016) and Christopher Berker (2008)

https://www.indybay.org/newsitems/2018/03/27/18807926.php

Experts estimate that a fifth of world wealth is hidden from the tax authorities of states and considerable parts of international corporate profits are not taxed. According to the Real World Economic Review, corporations in 2018 bought back $214 billion of their own stock. Google and Amazon parked billions in shadow financial centers.

Aggressive tax avoidance makes a functioning state impossible.

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

Unemployment and New Ways by Jessica von Haeseler

Unemployment and New Ways
by Jessica von Haeseler

https://www.indybay.org/newsitems/2018/03/26/18807867.php

The rise of unemployment worldwide has reached unparalleled dimensions. In 1999, 700 million were affected. The neoliberal economic theory promotes the prosperity of the rich, not society as a whole. Profit maximization is often the only objective. The market is assumed to be a job-creator even though more jobs are eliminated than created through digitaliztion and info-technology.

The supply of work was so meager that a stable employment of everyone could only be secured by introducing a 22-hour week or lowering the initial pension age to 38. Countervailing measures to the globalization of poverty include reducing working hours.

Posted in Neoliberalism, Political Theory, Reducing Working Hours | Leave a comment

The end of the Trump era approaches with every day!

The end of the Trump era approaches with every day!

The Trump era is an era when there are no debates, arguments, and hearings on the tax bill, when special interests run riot and private jet owners get tax cuts and when vital public interests like HUD face sadistic cuts ($6.2 billion in 2019 if it passes).
In the Trump era, libel replaces discussion, corporate profits have precedence over public health while compromise, concessions, and the social contract are scorned as weaknesses.
In the Trump era, seniors, the poor, children, and students are attacked. All progressive achievements are mocked and selfishness is extolled as a panacea. All economic problems are called exogenous, not endogenous. The poor and unemployed are blamed for their misery and the neoliberal system that has led to exploding inequality and global warming is called sacrosanct. “After us, the Flood,” seems the motto. “Wash us but don’t make us wet,” is the short-sighted jingle.
When cities become gridlock, football and politicians promote cars nonstop. Radical change is urgently necessary to protect nature, the future, and human life. Enlightenment, partnership, balance, transformation, ecological thinking, critical, independent public education, and overcoming poverty meah resisting darkness. It is only false theology that makes corporations into “suffering servants,” assigns socialism for the rich and the merciless market for the poor.
The poor need s strong state. Tax havens must be closed and tax competition ended for a more just tax policy. Migrants are not taking our jobs and will not ensure our pensions, health care, education or housing! The state should protect the public interest. Corporations depend on the infrastructure and cannot steal away from their tax responsibility. “Sundown in the union, sure was a good idea, before greed got in the way” (Bob Dylan). “Every silver cloud has a touch of grey” (Grateful Dead).

more at www.citizen.org, www.freembtranslations.net, www,onthecommons.org, www.openculture.com, www.grin.com

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

5 Questions on Tax Justice by Elisabeth Massute, Oxfam

https://www.indybay.org/newsitems/2018/03/21/18807581.phpto read Elisabeth Massute’s 2017 article, click on

https://www.indybay.org/newsitems/2018/03/21/18807581.php

Tax justice must be created and tax avoidance stopped to fight inequality and poverty. Apple paid 0.0005% tax on its profits in Ireland – merely 50 euros on a million euros.

Corporations dodge their just contributions as part of society through tax avoidance. Like all of us, corporations profit from public goods financed from tax funds. Corporations use the public infrastructure like streets and telecommunication networks and profit from the knowledge and training of their co-workers.

Corporations profit right down the line and give nothing back. Developing countries lose $100 billion every year through tax avoidance of multinational companies. A worldwide minimum tax rate for companies must be introduced.

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

Trump – Hard as Steel by Tomasz Konicz

Trump – Hard as Steel
by Tomasz Konicz, March 3, 2018

https://www.indybay.org/newsitems/2018/03/19/18807512.php

America’s right-wing populist president Donald Trump seems resolved to permanently reduce the enormous American trade deficit through penal duties – at the expense of the export-fixated German political economy.

There is outrage over the nationalist economic policy of “America First.” The parallels to the 1929 system crisis are obvious. The unstable house of cards on the world financial markets could now finally collapse. Credit-financed demand is created for the goods-producing industry that suffocates in its own productivity.

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

“Crash on the Horizon” by Stephan Schulmeister

“Crash on the Horizon”
by Stephan Schulmeister, Freitag 08/ 2018

https://www.indybay.org/newsitems/2018/03/16/18807447.php

The systemic reasons for the crisis are more important than a sudden fall in prices. Stocks are held on average 22 seconds, not 6 months or ten years.

Real-capitalism is a plus-sum game. Financial capitalism is a zero-sum game. Profit is made at the expense of others. “Love for money” replaces trust.

Different ways are possible after a financial meltdown.

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

Crisis 2.0: A Policy for the 99% by Hans Baumann

Crisis 2.0: A Policy for the 99%

by Hans Baumann, Beat Ringer, Hans Schappi and Johannes Wickli, 2011

https://www.indybay.org/newsitems/2018/03/14/18807372.phpThe capital surpluses are a constant source of speculative waves and manoevers regarding securities and currencies..The crisis of state finances is mainly a crisis of tax refusal. This refusal is part of tyhe continuing neoliberal policy of deregulation. States were systematically weakened over against the financial market actors.

In the last years, the elites shifted the tax burden from businesses and high incomes to consumer taxes and fees that puts a damper on private demand.

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

Taxes and human rights by the Tax Justice Network

Taxes and human rights
by the Tax Justice Network, 2013

http://www.l4bb.org/reports/taxes_human_rights.pdf

Home

1. The state should represent the public interest and yet has become the “errand boy of the banks” (Bill Moyers).
2. The social contract means protecting and strengthening the public sector.
3. The poor have rights and need a strong state, not food boxes, cynicism, and an early death.
4. Economic myths and lies led to exploding inequality and plutocracy. Education, healthcare, and housing should be human rights and not privileges.
5. The truth will set us free but the truth is a process, not a cudgel.
6. False conservative theology holds owners of capital as the only ones with rights deserving protection. Corporations are stylized as suffering servants. Markets are worshiped as self-healing deities automatically returning to equilibrium.
7. Education is the great transformer (John Kenneth Galbraith). Aggressive tax avoidance and tax competition must be overcome for a more just tax system.

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

Lori Wallach and Michael Hudson Debate Trump’s Plan to Impose Steel & Aluminum Tariffs, 37 min

Lori Wallach and Michael Hudson Debate Trump’s Plan to Impose Steel & Aluminum Tariffs
DemocracyNow.org, March 8, 2018, 37 min

https://www.democracynow.org/2018/3/6/lori_wallach_and_michael_hudson_debate

Video: How Democracies Die, 1 hr 12 min, 1/31/18
https://www.c-span.org/video/?440037-1/how-democracies-die

Civil society and people-power counter abusive power!
Don’t let them turn food stamps into Velveeta cheese!Video: How Democracies Die, 1 hr 12 min, 1/31/18

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

Authoritarian Capitalism by Christian Fuchs, 2/8/2018

Authoritarian Capitalism
Interview with Prof. Christian Fuchs
Feb 8, 2018

https://www.indybay.org/newsitems/2018/03/07/18807211.php

Trump calls liberal media his chief enemies. At the same time, the same media reproduce political spectacle through their constant reporting by offering him disproportional attention and a platform. The profit-mongering of the media intensifies the visibility of right-wing ideology.

Phenomena like Trump and the new nationalisms confirm the actuality of the theory of the authoritarian personality articulated by Wilhelm Reich, Erich Fromm, and Theodor Adorno. By their structure, capitalist social media are often so invested that they encourage individualism, narcissism, and the cult of personality and are not social medIa.

Posted in Political Theory | Leave a comment