MEDIA - LOOKING GLASS NEWS | |
More...You May Be Brainwashed By the Corporate Media If.. |
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by Bob Powell Independent Media TV Entered into the database on Tuesday, June 21st, 2005 @ 09:22:56 MST |
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... are unaware outsourcing American jobs undermines U.S. purchasing power and
therefore undermines U.S. economic and military security. ... are unaware that trade is the exchange of products and that offshoring is
not 'trade,' but a 'transfer of the factors of production' (labor & capital)
that is not mutually beneficial for 'trading' countries. ... are unaware that nations don't trade, corporations do ... and that it's
not the job of corporations to look out for the interests of the nation and
its citizens; that's government's job ... and it's not doing it. ... are unaware that workers in undemocratic low-wage countries don't benefit
from 'free trade' without labor and environmental standards because individuals
don't value and 'purchase' clean environment and workplace safety, governments
do ... and, if a government isn't a democracy, it doesn't represent the interests
of its citizens. ... are unaware that the U.S. actually engages in 'reverse protectionism' by
subsidizing the offshoring of jobs by allowing companies to indefinitely defer
paying taxes on income from foreign subsidiaries, by allowing lower taxes from
corporations that move their headquarters to a tax haven countries, by allowing
R&D and other investment tax credits for companies that move manufacturing
offshore meaning the U.S. doesn't fully benefit, by allowing corporations to
engage in flawed transfer pricing schemes to avoid U.S. taxes. ... believe that media coverage of Ward Churchill's writings on 9/11 is more
important that coverage of the Downing Street Memo and George Bush's misrepresentations
about attacking Iraq that has led to the death and serious injury of hundreds
of thousands. ... are unaware that George Bush's purpose for his Social Security reform is
to actually promote a death spiral of the current program by encouraging higher
income individuals to move to private accounts and remove their relatively higher
contributions from the system ... thus causing a crisis, not addressing a crisis
because there is no crisis. ... are unaware that for Bush's assertion that individuals will do better with
private accounts in the stock market requires that he must postulate a rate
of economic growth that means there will never be a SS deficit. ... believe that dividends and capital gains are double-taxed even though the
law defines a corporation as an "individual" that is legally separate
from individual stockholders to shield them from liability and doesn't understand
that because the taxes apply to distinctly different 'individuals,' there's
no double-taxation. ... are unaware that there is triple-taxation when people pay income taxes,
Social Security taxes, and sales taxes on the same income because SS and sales
taxes are NOT TAX DEDUCTIBLE. ... are unaware that Republican proposals to not tax dividends and capital
gains means that people who invest their time to make money will pay taxes,
but not those who invest their money to make money, and that a wage tax will
remain to pay for the infrastructure, courts, police & fire protection,
and national defense that make it possible for investors to have that income;
and are unaware that this is 'class warfare'" ... are unaware that an 'official unemployment' of 5.8% means that 'effective
unemployment' (including those who have given up looking and those working part-time,
but wanting more work) is really 10%. ... are unaware that including other categories in under- and un- employment
(other part-timers, temporaries and contract workers who lack full benefits
and job security and the under-employed) raises the rate of those seeking more
and better work to over 20%. ... are unaware that when one in 10 workers is unemployed it means that the
added value of any one worker is zero, which drives wages at the bottom to zero
and undercuts the bargaining power of all workers. ... are unaware that it is official policy of the United States through actions
of the Federal Reserve to assure there are always more people than jobs to undermine
demand for workers and maintain downward pressure on wages. ... are unaware that employees' share of the value added in the U.S. economy
has fallen to its lowest point since records were first kept in 1947 -- and
the rate of decline is accelerating. |