Archive for July, 2014

“Sen. Elizabeth Warren (D-Mass.) called for an end to a tax loophole that lets corporations that renounce U.S. citizenship to dodge taxes. “’These companies are renouncing their American citizenship, turning their backs on this country, simply to boost their profits,’” she said.

Corporations are citizens? The Corporate US Supreme Court has ruled that Exxon, Monsanto and Walmart Corporations and all the other US corporations are persons with all of the individual rights granted to “persons” under the US Constitution, but I did not know they were citizens, and I did not know Goldman Sachs Incorporated could renounce that screwed up concept of US citizenship in order to avoid taxes, but that’s how corrupt the US government has become since and because of the Reagan tax cuts. Corrupt to the core on behalf of the 1 percent.

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Labor Unions Do What?

The corporate news media never lets you know what a business corporation really is; it’s organized money, and that money is organized in order to control economic and political markets and to not compete against each other. That’s why President Franklin Roosevelt to organized money in the video below.

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There was an op-ed in the Oregonian newspaper written by a GMO sympathizer, and it was loaded with disinformation. For example, the author wrote,

“The “‘mounting evidence'” of harm is the result of a small number of highly contested papers…”

What the author doesn’t say is that the mounting evidence of harm is contested solely by the GMO corporations and their paid affiliates; and for the same reasons as when the tobacco corporations and their paid affiliates contested the mounting evidence that tobacco smoking caused cancer, even as the cancer deaths and the corporate profits soared over the decades.

Then, as now, the purpose of spending millions of dollars to contest the “mounting evidence” is to confuse and mislead the public about the health hazards of their products.

Most likely, the Oregonian newspaper will not print this rebuttal. The editors, of course, are in the habit of suppressing the mounting evidence of health hazards of GMOs.

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When China received most favored nation trade status, millions of American jobs were shipped there. Those jobs used to support the tax base for police, fire, education, road repair, and things like that. Now the income from those jobs have been redistributed from the 99 to the 1 percent via those trade treaties, and President Obama plans to do the same with the Trans Pacific Partnership (TPP), the largest income redistribution treaty of all time in favor of the 1 percent, and often called “Nafta on Steroids by the Guardian newspaper.

To compensate for the loss of jobs to the US economy, President Obama plans to make things “Made in China” by US corporations that used to make things here “Made in the USA” by a crafty shift in the rules of what is and is not “Made in America.” If Obama gets his way, the US will increase its share of manufacturing by including those things made in China by US corporations that use their own Chinese facilities, as well as Chinese contractors and subcontractors.

That’s a step above what President George W. Bush proposed. He wanted to officially define hamburger flipping in the USA as manufacturing jobs, so as to increase the rapidly decreasing number of US manufacturing jobs, and fool a lot of people.

Obama plans to do the same thing, and its just as dumb and corrupt as Bush’s idea.

This proposal and Obama’s desire to make the TPP law this November, also shows that the president has never been serious about increasing manufacturing jobs (or growing any jobs at all) in the US through changes in the tax codes or any other incentives to US corporations. And neither was Bush.

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On July 18, thousands of people marched in Detroit to stop water shutoffs by a private company that manages the city’s water system.

The city of Detroit went bankrupt many months ago, thanks to the federal (and state government of Michigan) enacting legislation championed by Wall Street Senator Ron Wyden and many other class warriors of the 1 percent ensconced in congress.

The result has been a massive shipment of jobs overseas via free trade treaties. When jobs are shipped overseas, and Wyden is not the dumb dumb he pretends to be on this issue, the difference between the old higher US wages and the new lower overseas wages is redistributed to the 1 percent via higher corporate profits, rising dividends and surging share prices. It also redistributes the tax dollars those shipped jobs once supported in the USA straight into the pockets of the rich, leaving schools, fire, police, road maintenance and other government services crippled, which is why Detroit went bankrupt. Thank you Wall Street Senator Wyden!

These legislative policies have left the people of Detroit poor, and let’s face it, Detroit was once one of the great manufacturing cities of the world until Wyden and others in congress shipped the jobs overseas. However, Wyden’s actions have generated massive income and wealth inequality via his income redistribution actions.

That’s the ultimate reason why many people in Detroit can’t pay their water bills, why the city went bankrupt, and why the Dow Jones and other financial markets are surging. It’s a rigged economic and political game. The problem with the people in Detroit is that all, or almost all, the democracy in the state and federal governments have already been purchased in the political markets.

For more on this story, click the link below.


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