How fair are our tax systems towards women? (They’re only about half the world’s population after all…) Plus the Tax Justice Network‘s April 2015 podcast looks at the announcement by GE, one of the US’s biggest corporations (and tax avoiders) that they’re repatriating billions from offshore and re-focusing on good old manufacturing again; and remember how the UK Prime Minister was ‘leading the world’ in transparency measures not so long ago? We discuss the letter that’s been made public that a former Cayman Islands lobbyist and Conservative peer wrote at the time to reassure the tax haven that it was an empty gesture to distract from the proposed Financial Transaction Tax.
“Tax should be a source of our well being, of our development, of our future…but you have to work on these systems, on owning the systems and changing them and making them work for our present improvement of our lives and the future that we want.’
Mae Buenaventura, Jubilee South in the Philippines
Featuring: Filmaker Michael Winterbottom of The Emperor’s News Clothes, John Christensen of the Tax Justice Network, Feminist economist Professor Susan Himmelweit of the Women’s Budget Group, Mae Buenaventura of Jubilee South in the Philippines, Steven Nelms (Ezra’s dad). The Taxcast is produced for the Tax Justice Network by @Naomi_Fowler
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The United States shall guarantee to every State in this Union a Republican Form of Government. — Article IV, Section 4, US Constitution
A republican form of government is one in which power resides in elected officials representing the citizens, and government leaders exercise power according to the rule of law. In The Federalist Papers, James Madison defined a republic as “a government which derives all its powers directly or indirectly from the great body of the people . . . .”
On April 22, 2015, the Senate Finance Committee approved a bill to fast-track the Trans-Pacific Partnership (TPP), a massive trade agreement that would override our republican form of government and hand judicial and legislative authority to a foreign three-person panel of corporate lawyers. (more…)
Tagged with: fast-track
All those angered by the mere question of the viability of this predatory pillaging in the name of capitalism are incapable of even admitting this cultural crisis exists.
Somewhere along the line, we lost the ability to distinguish between earning a profit and maximizing private gain by any means, i.e. Infinite Greed. If you insist on making this distinction now, you anger a lot of people, as it blows the capitalist cover of Infinite Greed.
The distinction between earning a profit and maximizing private gain by any means angers not just the few benefiting from the useful delusion that Infinite Greed is simply profit on overdrive; it seems to anger everyone who believes the Status Quo of burning mountains of coal to power towel warmers, sitting in traffic burning petrol two hours a day and central banks enriching the already wealthy is not just sustainable but gol-darned good.
If you make the distinction between earning a profit and maximizing private gain by any means, then you realize the status quo is neither sustainable nor good: it is unsustainable and evil.
Claiming to own X quantity of gold is one thing, and reporting how many times the gold has been pledged as collateral is another.
When correspondent Scott A. Batten offered to write an explanation of the rehypothecation of gold and why it matters, I quickly accepted. Like many others, I have breezed over the word rehypothecation with the basic understanding that it means assets pledged by counterparties (such as the infamous copper stored in Chinese warehouses) are reused as collateral/repledged–in effect, the same assets are pledged as collateral multiple times.
We’ve all seen the stats by now. U.S. police killed more citizens in March alone than UK police have killed in 100 years. We’ve seen the plethora of videos documenting unnecessary police brutality. There are so many in fact, I can’t even begin to document them all. We’ve also seen the militarized police in all its ghoulish display in Ferguson.
We’ve seen the wrong way to police in New York City, most recently when an unarmed Eric Garner was choked to death on the street in broad daylight for selling untaxed cigarettes. Now, finally, we see how real policing is supposed to be done, courtesy of four Swedish police officers who were on vacation in NYC.
Read more here.
“I think he’s saying he wants 5 more years?”
If you looked at the U.S. economy under a microscope, what you’d see is a gigantic cancerous blob of cronyism surrounded by tech startups and huge prisons. If you zeroed in on the cancerous tumor, at the nucleus you’d see a network of crony institutions like the Federal Reserve, intelligence agencies, TBTF Wall Street banks and defense contractors. Pretty close to that, you’d probably find the Clinton Foundation. A veritable clearinghouse for cronyism masquerading as a charity.
Read more here.