Tuesday, December 3, 2019

SILICON HIGH TECH BILLIONAIRES, INCLUDING MODERN SLAVER JEFF BEZOS, SAY HELL NO TO SOCIALISM AND PAYING TAXES - THEY DODGE $100 BILLION IN TAXES AND NONE HAVE GONE TO JAIL - "But the distribution of income and wealth in the U.S. has been worsening for decades, making America the most unequal country in the developed world. The trend, which has persisted through recessions and recoveries, and under administrations of both parties, has put inequality at the center of U.S. politics."


Watchdog Accuses Silicon Valley Giants of Dodging $100 Billion in Taxes

Jeff Bezos
AFP Photo/Alex Wong

Six of the Silicon Valley Masters of the Universe have been accused of dodging $100 billion in taxes by a British tax watchdog.
CNBC reports that six major Silicon Valley tech firms have been accused of having a combined “tax gap” of $100 billion over the past ten years according to an analysis by a British tax organization. Fair Tax Mark, a British organization that certifies businesses for proper tax conduct, examined the global tax payments of Facebook, Apple, Amazon, Netflix, Google, and Microsoft from 2010 to 2019.
The research analyzed the company’s 10-K filings submitted to the U.S. government by the tech giants. Fair Tax Mark looked at tax provisions, which is the amount that companies set aside in their financial reports to pay taxes, and compared these with the amount of money that the companies actually paid to the government, called cash taxes. Researchers found that over the past ten years, the gap between the tax provision set out by the tech firms and the taxes they actually paid was approximately $100.2 billion.
The report also claimed that the profits were “shifted to tax havens, especially Bermuda, Ireland, Luxembourg and the Netherlands.” The researchers noted that most of the tax shortfall “almost certainly arose outside the United States,” with tax charges from countries outside the United States coming to 8.4 percent of the companies’ profits overseas.
Paul Monaghan, CEO of Fair Tax Mark, discussed the report with CNBC stating: “The amount of tax being paid by these businesses is $100 billion less than reported in their accounts.” The report noted that Amazon was the worst offender of the six tech firms. The report alleged that Amazon paid $3.4 billion in income taxes since 2010, noting that the cash tax paid by Amazon amounted to 12.7 percent of its profit for the decade despite the corporate tax rate being set at 35 percent for seven of the past ten years. President Donald Trump cut the corporate tax rate to 21 percent in 2017.
The report stated: “The company is growing its market domination across the globe on the back of revenues that are largely untaxed and can unfairly undercut local businesses that take a more responsible approach.” A spokesperson for Amazon told CNBC in a statement:
Amazon represents about 1% of global retail, with larger competitors everywhere we operate, and had a 24% effective tax rate on profits from 2010-2018. Amazon is primarily a retailer where profit margins are low, so comparisons to technology companies with operating profit margins of closer to 50% is not rational. Governments write the tax laws and Amazon is doing the very thing they encourage companies to do — paying all taxes due while also investing many billions in creating jobs and infrastructure. Coupled with low margins, this investment will naturally result in a lower cash tax rate.
Facebook had the second-biggest tax gap with the cash tax it paid representing 10.2 percent of the profit it made over the decade. A spokesperson for Facebook told CNBC:
In 2018 we paid $3.8 billion in corporation tax globally and our effective tax rate over the last five years is more than 20%. Under current rules we pay the vast majority of the tax we owe in the U.S. as that is where the bulk of our functions, assets and risks are located. Ultimately these are decisions for governments and we support the OECD process which is looking at new international tax rules for the digital economy.
Google ranked third with its taxes amounting to 15.8 percent of its profits with its foreign tax charge amounting to 7.1 percent. A Google spokesperson told CNBC that the report form Fair Tax Mark “ignores the reality of today’s complicated international tax system and distorts the facts documented in our regulatory filings.”
The company added: “Like other multinational companies, we pay the vast majority — more than 80% — of our corporate income tax in our home country. As we have said before, we strongly support the OECD’s work to end the current uncertainty and develop new tax principles.”
Netflix ranked fourth in the list handing over 15.8 percent of its profit while Apple ranked fifth with a tax rate of 17.1 percent. Apple told CNBC in a statement:
As the largest taxpayer in the world, we know the important role tax payments play in society. We pay all that we owe according to tax laws and local customs wherever we operate, and since 2008 Apple’s corporate taxes alone have totaled over $100 billion.
Microsoft paid the highest tax rate of 16.8 percent with a spokesperson telling CNBC: “Microsoft is fully compliant with all local laws and regulations in every country in which we operate. We serve customers in countries all over the world and our tax structure reflects that global footprint.”
Read more about the report at CNBC here.
Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan or email him at lnolan@breitbart.com

Despite a booming economy, many U.S. households are still just holding on


"One of the premier institutions of big business, JP Morgan Chase, issued an internal report on the eve of the 10th anniversary of the 2008 crash, which warned that another “great liquidity crisis” was possible, and that a government bailout on the scale of that effected by Bush and Obama will produce social unrest, “in light of the potential impact of central bank actions in driving inequality between asset owners and labor."  

Seventy percent of US Millennials say they are likely to vote socialist

The fourth annual report on “US Attitudes Toward Socialism, Communism, and Collectivism,” commissioned by the anticommunist Victims of Communism Memorial Foundation and conducted by YouGov, found a sharp growth in interest in socialism among youth in the US over the past year.
The study has been conducted annually since 2016 and bases itself on interviews with over 2,000 people.
Young person in Michigan supporting Socialist Equality Party candidate Niles Niemuth in 2018
This years’ results reveal a significant radicalization taking place among youth, particularly in the Millennial Generation (those aged 23-38) and Gen Z (aged 16-22). Compared to last year’s report, favorable views of capitalism dropped 6 percentage points and 8 percentage points for Gen Z and Millennials, respectively.
Other notable findings include:
* 70 percent of Millennials say they would be “somewhat likely” or “extremely likely” to vote for a socialist candidate. The percentage of Millennials who say they would be extremely likely to vote for a socialist candidate has doubled (from 10 percent in 2018 to 20 percent in 2019).
* Overall, 83 percent say they know at least a little about socialism, and 39 percent of Americans say they “know a lot”—a nearly 40 percent increase from 2018.

* Nearly half of Millennials think the government should provide a job to everyone who wants to work but cannot find it.

* Forty percent of Americans (45 percent of Gen Z and Millennials) think all higher education should be free.

* Around one in five Millennials thinks society would be better off if all private property were abolished.

* Seventy percent of Americans say the divide between the rich and the poor is a serious issue.

* Of the more than half (63 percent) of Americans who think the highest earners are “not paying their fair share,” 54 percent think increased taxes are part of the answer, and 47 percent say a complete change of the economic system is needed.

* Thirty-seven percent of Millennials think the US is one of the most unequal societies in the world.

* Over a quarter of Americans across all generations said Donald Trump is the biggest threat to world peace.

The source of this radicalization is not hard to find. The chief characteristic of life for Millennials and Gen Z has been skyrocketing social inequality. Many are forced to work two, three or even four jobs to make ends meet. One in five millennials is living below the poverty line.
The growing interest in and support for socialism coincides with a significant growth of class struggle and social protest internationally. In Lebanon, massive protests have brought an estimated one quarter of the country’s six million people onto the streets. In Chile, millions of people continue to flood the streets protesting social inequality and state violence in the largest demonstrations in the country’s history.
In the US, the strike by 32,000 Chicago teachers and support staff is in its second week, following the largest autoworker strike in 30 years by GM workers.
This eruption of the class struggle on a global 

scale terrifies the ruling class. They are acutely 

aware of social tensions and the growing interest 

in socialism.
The response of the Trump administration has been an open turn towards fascistic and authoritarian forms of rule. His hysterical denunciations of socialism, now a feature of nearly every rally, express the growing fear of the rich that demands for social reform will set off a mass movement for social equality.
On the other hand, the Democrats, speaking for another faction of the ruling elite, are determined to avoid anything that would mobilize popular anger against Trump. They are systematically keeping out of their impeachment inquiry any reference to Trump’s brutal crackdown on immigrants and refugees, unending war and the social catastrophe confronting workers and youth. Instead, they have focused their impeachment campaign on issues of foreign policy.
It is within this framework that the Democratic Party’s elevation of figures such as Bernie Sanders and Alexandria Ocasio-Cortez must be understood. In order to provide a left cover for their right-wing policies, these self-proclaimed “socialists” have been brought forward to direct growing social anger back behind the Democratic Party.
In this latest campaign rally in Detroit on Sunday, Sanders once again directed his remarks against social inequality, listing many of the social ills confronting workers and youth. Most significant, however, was what was not said.
Sanders made no reference to the more than month-long strike by General Motors workers, which was just shut down by the United Auto Workers on the basis of a contract that facilitates the massive expansion of temporary workers, which has become the “new normal” for young people. Sanders also made no reference to the ongoing Chicago teachers strike.
The omissions were not accidental. The Democratic Party, through figures like Sanders and Ocasio-Cortez, propose a “socialism” (though they almost never use the word) that does not involve the class struggle. Ending the domination of the “billionaire class” is supposedly to be achieved without any mass social movement or any challenge to the economic domination of the capitalist class.
And it is supposedly to be done within the framework of the Democratic Party, which is no less responsible than the Republicans for the social conditions confronting workers and young people.
The critical question is to build a socialist leadership in the working class and youth, to explain what genuine socialism is and how it must be fought for. The fight for socialism means the fight to establish democratic control of the giant banks and corporations by the working class. It means an end to social inequality through a radical redistribution of wealth and the expropriation of the ill-gotten gains of the corporate and financial aristocracy. It means an end to war and abolition of the military-intelligence apparatus.
The foundation for a socialist movement is the working class, in the United States and internationally. The reorganization of economic life on a world scale, on the basis of social need, not private profit, requires the independent mobilization of the working class to take power and establish a workers’ government.

Richest 400 Americans paid lower taxes than everyone else in 2018

According to an analysis by noted economists Emmanuel Saez and Gabriel Zucman, previewed this week by New York Times columnist David Leonhardt, the wealthiest American households paid a lower tax rate last year than every other income group for the first time in the country’s history.
Saez and Zucman, both professors at the University of California Berkeley, detail the phenomenon of declining taxes for the richest Americans in their soon-to-be released book, The Triumph of Injustice .
The pair compiled a historical database composed of the tax payments of households in various income percentiles spanning all the way back to 1913, when the federal income tax was first implemented. Their research uncovered that in the 2018 fiscal year the wealthiest 400 Americans paid a lower tax rate—accounting for federal, state, and local taxes—than anyone else.
The overall tax rate paid by the richest .01 percent was only 23 percent last year, while the bottom half of the population paid 24.2 percent. This contrasts starkly with the overall tax rates on the wealthy of 70 percent in 1950 and 47 percent in 1980.
The taxes on the wealthy have been in precipitous decline since the latter half of the 20th century as successive presidential administrations enacted tax cuts for the rich, suggesting that they would result in economic prosperity for all. Taxes that mostly affect the wealthy, such as the estate tax and corporate tax, have been drastically cut and lawyers have been hard at work on the beliefs of their wealthy patrons planning out the best schemes for tax avoidance, seeking to drive tax rates as close to zero as possible. The impetus for the historical tipping point was the Trump Administration’s 2017 tax reform, which was a windfall for the super-rich.
Supported by both the Republican and Democratic Parties, the two parties of Wall Street, Trump’s tax cuts were specifically designed to transfer massive amounts of wealth from the working class to the ruling elite.
The corporate tax rate was permanently slashed from 35 percent to 21 percent, potentially increasing corporate revenues by more than $6 trillion in the next decade. The bill also reduced the individual federal income tax rate for the wealthy and included a number of other provisions to further ease their tax burden.
The story is different for many middle- and working-class Americans. According to multiple analyses of the 2017 tax reform, 83 percent of the tax benefits will go to the top 1 percent by 2027, while 53 percent of the population, or those making less than $75,000 annually, will pay higher taxes. At the same time, the reform will sharply increase budget deficits and the national debt, granting the pretense for the further destruction of domestic social programs.
Furthermore, a majority of Americans are paying higher payroll taxes, which cover Medicare and Social Security. The tax increased from 2 percent just after World War II, to 6 percent in 1960, to 15.3 percent in 1990, where it stands today. It has risen to become the largest tax that 62 percent of American households pay.
The result of the multitude of changes to the US tax system over the last three-quarters of a century is one that has become less progressive over time. The 2017 tax reform effectively set up the foundation for a regressive tax policy where the wealthy pay lower tax rates than the poor.
The implementation of a regressive tax structure has played a major role in engineering the redistribution of wealth from the bottom to the top that has brought social inequality in America to its highest level since the 1920s.
According to Leonhardt’s preliminary Times review of The Triumph of Injustice, Saez and Zucman offer a solution to the current unjust tax system in which the overall tax rate on the top 1 percent of income earners would rise to 60 percent. The pair claim that the tax increase would bring in approximately $750 billion in taxes. Their tax code also includes a wealth tax and a minimum global corporate tax of 25 percent, requiring corporations to pay taxes on profits made in the United States, even if their headquarters are overseas.
In an interview with Leonhardt, Zucman states that history shows that the US has raised tax rates on the wealthy before so therefore it should be possible to do so now.
However, the last half century of counterrevolution waged against the working class makes the parasitic nature of the ruling elite absolutely clear, and underscores the well-known fact that the US is ruled by an oligarchy that controls the political system. Neither the Democrats nor the Republicans, who both represent this oligarchy and bear responsibility for the tax system, will make any effort to implement Saez and Zucman’s modest proposal.

California became a Democratic stronghold not because Californians became socialists, but because millions of socialists moved there.  Immigration turned California blue, 
and immigration is ultimately to blame for California's high poverty level.

Economists: America’s Elite Pay Lower Tax Rate Than All Other Americans

Getty Images

The wealthiest Americans are paying a lower tax rate than all other Americans, groundbreaking analysis from a pair of economists reveals.

For the first time on record, the wealthiest 400 Americans in 2018 paid a lower tax rate than all of the income groups in the United States, research highlighted by the New York Times from University of California, Berkeley, economists Emmanuel Saez and Gabriel Zucman finds.

The analysis concludes that the country’s top economic elite are paying lower federal, state, and local tax rates than the nation’s working and middle class. Overall, these top 400 wealthy Americans paid just a 23 percent tax rate, which the Times‘ op-ed columnist David Leonhardt notes is a combined tax payment of “less than one-quarter of their total income.”
This 23 percent tax rate for the rich means their rate has been slashed by 47 percentage points since 1950 when their tax rate was 70 percent.

(Screenshot via the New York Times)
The analysis finds that the 23 percent tax rate for the wealthiest Americans is less than every other income group in the U.S. — including those earning working and middle-class incomes, as a Times graphic shows.
Leonhardt writes:
For middle-class and poor families, the picture is different. Federal income taxes have also declined modestly for these families, but they haven’t benefited much if at all from the decline in the corporate tax or estate tax. And they now pay more in payroll taxes (which finance Medicare and Social Security) than in the past. Over all, their taxes have remained fairly flat. [Emphasis added]
The report comes as Americans increasingly see a growing divide between the rich and working class, as the Pew Research Center has found.
Sen. Josh Hawley (R-MO), the leading economic nationalist in the Senate, has warned against the Left-Right coalition’s consensus on open trade, open markets, and open borders, a plan that he has called an economy that works solely for the elite.
“The same consensus says that we need to pursue and embrace economic globalization and economic integration at all costs — open markets, open borders, open trade, open everything no matter whether it’s actually good for American national security or for American workers or for American families or for American principles … this is the elite consensus that has governed our politics for too long and what it has produced is a politics of elite ambition,” Hawley said in an August speech in the Senate.
That increasing worry of rapid income inequality is only further justified by economic research showing a rise in servant-class jobs, strong economic recovery for elite zip codes but not for working-class regions, and skyrocketing wage growth for the billionaire class at 15 times the rate of other Americans.
John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.

Census Says U.S. Income Inequality Grew ‘Significantly’ in 2018

(Bloomberg) -- Income inequality in America widened “significantly” last year, according to a U.S. Census Bureau report published Thursday.
A measure of inequality known as the Gini index rose to 0.485 from 0.482 in 2017, according to the bureau’s survey of household finances. The measure compares incomes at the top and bottom of the distribution, and a score of 0 is perfect equality.
The 2018 reading is the first to incorporate
the impact of President Donald Trump’s end-
2017 tax bill, which was reckoned by many
economists to be skewed in favor of the
But the distribution of income and wealth in the U.S. has been worsening for decades, making America the most unequal country in the developed world. The trend, which has persisted through recessions and recoveries, and under administrations of both parties, has put inequality at the center of U.S. politics.
Leading candidates for the 2020 Democratic presidential nomination, including senators Elizabeth Warren and Bernie Sanders, are promising to rectify the tilt toward the rich with measures such as taxes on wealth or financial transactions.

Just five states -- California, Connecticut, Florida, Louisiana and New York, plus the District of Columbia and Puerto Rico -- had Gini indexes higher than the national level, while the reading was lower in 36 states.



Disgusting: Dems Prove, Once Again, They Support Infanticide With Their Latest Filibuster

ABORTION KI LLS…. the innocent!
America’s baby murdering factories…. Your tax dollars at work

“I Cut the Vocal Cord So The Baby Can't Scream.”

Dr. Leah Torres, an OB/GYN in Salt Lake City, Utah, said that when she performs certain abortions she cuts the vocal cord of the baby so "there's really no opportunity" for the child to scream. She also described herself as a "uterus ripper outer" because she performs hysterectomies.

Pete Buttigieg Quotes Jesus Christ in Campaign Ad

 By CNSNews.com Staff | December 3, 2019 | 10:31am EST

Pete Buttigieg and his husband, Chasten, at the Human Rights Campaign's gala, May 11, 2019. (Getty Images/Ethan Miller)
Pete Buttigieg and his husband, Chasten, at the Human Rights Campaign's gala, May 11, 2019. (Getty Images/Ethan Miller)
In a campaign ad posted on YouTube, Mayor Pete Buttigieg quotes Jesus Christ to back up his political positions.
“In our White House,” Buttigieg says in the ad, “you won’t have to shake your head and ask youself: “Whatever happened to, ‘I was hungry and you fed me. I was a stranger and you welcomed me.’”
The South Bend, Ind., mayor was quoting here from one of Jesus’s parables in Matthew 25.
Buttigieg goes on to say in the ad: “When I say we have to unify the American people, it doesn’t mean pretending that we are all the same. It means unifying around issues from wages and family leave to gun violence and immigration.”
In Matthew 25, Jesus tells a set of parables, which ends with a verdict: “Then shall he say also unto them on the left hand, Depart from me, ye cursed, into the eternal fire which is prepared for the devil and his angels.”
25 Then shall the kingdom of heaven be likened unto ten virgins, who took their lamps, and went forth to meet the bridegroom. 2 And five of them were foolish, and five were wise. 3 For the foolish, when they took their lamps, took no oil with them: 4 but the wise took oil in their vessels with their lamps. 5 Now while the bridegroom tarried, they all slumbered and slept. 6 But at midnight there is a cry, Behold, the bridegroom! Come ye forth to meet him. 7 Then all those virgins arose, and trimmed their lamps. 8 And the foolish said unto the wise, Give us of your oil; for our lamps are going out. 9 But the wise answered, saying, Peradventure there will not be enough for us and you: go ye rather to them that sell, and buy for yourselves. 10 And while they went away to buy, the bridegroom came; and they that were ready went in with him to the marriage feast: and the door was shut. 11 Afterward came also the other virgins, saying, Lord, Lord, open to us. 12 But he answered and said, Verily I say unto you, I know you not. 13 Watch therefore, for ye know not the day nor the hour.
14 For it is as when a man, going into another country, called his own servants, and delivered unto them his goods. 15 And unto one he gave five talents, to another two, to another one; to each according to his several ability; and he went on his journey. 16 Straightway he that received the five talents went and traded with them, and made other five talents. 17 In like manner he also that received the two gained other two. 18 But he that received the one went away and digged in the earth, and hid his lord’s money. 19 Now after a long time the lord of those servants cometh, and maketh a reckoning with them. 20 And he that received the five talents came and brought other five talents, saying, Lord, thou deliveredst unto me five talents: lo, I have gained other five talents. 21 His lord said unto him, Well done, good and faithful servant: thou hast been faithful over a few things, I will set thee over many things; enter thou into the joy of thy lord. 22 And he also that received the two talents came and said, Lord, thou deliveredst unto me two talents: lo, I have gained other two talents. 23 His lord said unto him, Well done, good and faithful servant: thou hast been faithful over a few things, I will set thee over many things; enter thou into the joy of thy lord. 24 And he also that had received the one talent came and said, Lord, I knew thee that thou art a hard man, reaping where thou didst not sow, and gathering where thou didst not scatter; 25 and I was afraid, and went away and hid thy talent in the earth: lo, thou hast thine own. 26 But his lord answered and said unto him, Thou wicked and slothful servant, thou knewest that I reap where I sowed not, and gather where I did not scatter; 27 thou oughtest therefore to have put my money to the bankers, and at my coming I should have received back mine own with interest. 28 Take ye away therefore the talent from him, and give it unto him that hath the ten talents. 29 For unto every one that hath shall be given, and he shall have abundance: but from him that hath not, even that which he hath shall be taken away. 30 And cast ye out the unprofitable servant into the outer darkness: there shall be the weeping and the gnashing of teeth.
31 But when the Son of man shall come in his glory, and all the angels with him, then shall he sit on the throne of his glory: 32 and before him shall be gathered all the nations: and he shall separate them one from another, as the shepherd separateth the sheep from the goats; 33 and he shall set the sheep on his right hand, but the goats on the left. 34 Then shall the King say unto them on his right hand, Come, ye blessed of my Father, inherit the kingdom prepared for you from the foundation of the world: 35 for I was hungry, and ye gave me to eat; I was thirsty, and ye gave me drink; I was a stranger, and ye took me in; 36 naked, and ye clothed me; I was sick, and ye visited me; I was in prison, and ye came unto me. 37 Then shall the righteous answer him, saying, Lord, when saw we thee hungry, and fed thee? or athirst, and gave thee drink? 38 And when saw we thee a stranger, and took thee in? or naked, and clothed thee? 39 And when saw we thee sick, or in prison, and came unto thee? 40 And the King shall answer and say unto them, Verily I say unto you, Inasmuch as ye did it unto one of these my brethren, even these least, ye did it unto me. 41 Then shall he say also unto them on the left hand, [l]Depart from me, ye cursed, into the eternal fire which is prepared for the devil and his angels: 42 for I was hungry, and ye did not give me to eat; I was thirsty, and ye gave me no drink; 43 I was a stranger, and ye took me not in; naked, and ye clothed me not; sick, and in prison, and ye visited me not. 44 Then shall they also answer, saying, Lord, when saw we thee hungry, or athirst, or a stranger, or naked, or sick, or in prison, and did not minister unto thee? 45 Then shall he answer them, saying, Verily I say unto you, Inasmuch as ye did it not unto one of these least, ye did it not unto me. 46 And these shall go away into eternal punishment: but the righteous into eternal life.

‘Miracle Baby’: Mom Changed Mind About Aborting Child Who is Now Ohio State Football Star

 By Craig Bannister | December 2, 2019 | 11:00am EST

OSU Running Back J.K. Dobbins (Screenshot)
During the live, nationally-televised broadcast of Ohio State University’s (OSU) win over rival Michigan Saturday, FOX Sports announcer Gus Johnson explained how one of the game’s stars lived to play football only because his mother had a change of heart about aborting him.
OSU running back J.K. Dobbins, who rushed for 211 yards and scored four touchdowns in his team’s 56-27 rout of Michigan, was almost aborted by his teenage mother, announcer Gus Johnson told viewers:
“J.K. Dobbins’ mom Maya became pregnant when she was 18 years old. She went to the doctor because she was thinking about aborting the baby, but changed her mind.
“That baby turned out to be that young man, J.K. Dobbins, who she calls her ‘miracle baby.’”

Wow! A @CFBONFOX football announcer just shared that the mother of star @OhioState player, @Jkdobbins22, walked out of an abortion facility & rejected abortion after becoming pregnant at 18.

"The baby turned out to be that young man... who she calls her 'miracle baby.'"


5,947 people are talking about this

“All Glory to God,” Dobbins tweeted following the game, sharing a SportsCenter post announcing that he had become OSU’s number two all-time rushing leader.