Showing posts with label Bill Moyers. Show all posts
Showing posts with label Bill Moyers. Show all posts

Monday, June 2, 2014

U.S. Corporate Tax Avoidance


From The Transcript:
Avoiding taxes has become a hallmark of America’s business icons; Apple, Google, GE, and many more of the Fortune 500. The nation’s largest corporations are sitting on more than $2 trillion in cash while revenue from corporate income taxes have plummeted from just below 40 percent in 1943 to just below 10 percent in 2012. Government and big business have colluded to create what’s tantamount to an “unlimited IRA” for corporations. 
That’s not my term, although I wish I had thought of it, because it explains so much about what’s gone wrong in a country where some 20 million workers who would like a full-time job still can’t get one. Yet the upper one percent of the population takes home a staggering 22.5 percent of America’s income while their effective federal income tax rate has dropped.

Saturday, October 10, 2009

Democratize The Fed

Representative Mary Kaptur (Ohio) suggested to Ben Bernanke that he give as much power in the Federal Reserve decision-making process to the Cleveland Fed as is already given to the New York Fed. He would not do it.

A subtle, inquisitively nudging question illuminating the power disparity between finance and the real economy, between New York and Cleveland, and between the Haves and the Have-nots.

All this and more was discussed on the last Bill Moyer's Journal. Simon Johnson, of MIT and Baseline Scenario, also offers his perspective.

Tuesday, July 14, 2009

Bill Moyers: Journalistic Gold

Bill Moyers elucidates the nefarious backroom dealings of Washington, the insiders, the media, how "policy" gets done, and how it's destroying our democracy.

[Video, and excerpt below, courtesy of Crooks and Liars]

"Bill Moyers on what's wrong with our government, citing the Washington Post's recent embarrassment, asking for lobbyists and CEO's to fork out a load of cash for a cozy dinner at their publisher, Katharine Weymouth's house, until they decided to cancel it after one of the lobbyists leaked the story to The Politico."