Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/1103/31417

From The Socialist newspaper, 30 September 2020

News in brief

Trump's tax

photo Gage Skidmore (Creative Commons)

photo Gage Skidmore (Creative Commons)   (Click to enlarge)

A self-declared dollar billionaire US president pays $750 in federal income tax a year, whereas the average US worker pays $8,196 a year in income taxes. Who says capitalism is unfair?

This disparity was revealed by the New York Times (NYT), which got hold of Donald Trump's tax returns. But as a rich US socialite once remarked: 'It's only the little people who pay taxes. Indeed, the world's super-rich employ tax lawyers to minimise their tax bills, as do the giant corporations who continually shift their wealth - accumulated from the labour of the working class - from tax haven to tax haven.

That said, while the NYT report shows that the author of 'Trump: The Art of the Deal' has paid no income tax in ten of the last 15 years, it also reveals that he has been a complete capitalist failure with his investments.

A series of crashed business ventures has left him owing hundreds of millions of dollars which, while lowering his tax bill, has left Trump teetering on the brink of bankruptcy.

Media jobs for the boys

Talk about putting the fox in charge of the hen house. Boris Johnson has demonstrated his political objectivity by considering appointing capitalist ideologues Paul Dacre - former Daily Mail editor and editor-in-chief of Associated Newspapers - to head media regulator Ofcom; and Charles Moore - former Daily Telegraph editor and biographer of Margaret Thatcher - to become chairman of the BBC.

Apparently, Johnson touted the Ofcom job to fellow Tory Dacre over drinks in Downing Street last February. The Sunday Times reported that Moore's BBC post is a 'done deal.

Expect an increased output of anti-trade union and anti-socialist propaganda programmes on the BBC, set in 1950s colonial Britain. Any complaints, feel free to raise them with Mr Dacre.

Patriotic Ratcliffe

Sir James Ratcliffe - the anti-union billionaire of petrochemicals giant Ineos, who also happens to be the UK's richest person - continues to demonstrate what his version of a capitalist Brexit looks like.

In an unbridled display of patriotism, he tore-up a deal with the Welsh government to build a 4X4 vehicle manufacturing plant in Bridgend and instead moved it to France. Ratcliffe then followed up his 'I'm backing Britain' commitment by decamping to Monaco, where he will become a 'non-dom', potentially saving him £4 billion a year.

Any suggestion that 'patriotism is the last refuge of the scoundrel' is simply socialist envy of a man whose estimated wealth has increased by £1.25 billion in this pandemic year.

Donate to the Socialist Party

Finance appeal

The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

  • The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
  • We must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.
We therefore urgently appeal to all our viewers to donate to our Fighting Fund.

Please donate here.

All payments are made through a secure server.

My donation £

 

Your message: 

 


In The Socialist 30 September 2020:


News

Tory scheme won't halt mass unemployment: mobilise the unions!

Job Support Scheme - too little, too late

Under the microscope

News in brief


International news

Trump's failure over western US wildfires

US: Police escape justice over Breonna Taylor killing

South Africa: Working class unity to stop violence against women


What we think

Covid restrictions expose Tory splits


Students

Students trapped on Covid campuses speak out

Apprehension about Covid - anger at fees, costs and exploitation


Black History Month

Still crawling at 60: Capitalism has failed Nigeria


Workplace news

Trade unions must fight to put their stamp on events

Usdaw elections: Defend members' right to participate

PCS: No to DWP management's plans - Yes to action

NHS workers need 15% rise and full funding

Fight BT redundancies

Peterborough CWU have massively voted for strike action


Campaigns and party news

Why I joined the Socialist Party: Labour moved right and left me behind

£71,522 raised: We've smashed our target again

Selling the Socialist

Newham: Closed and evicted

Campaign for new King George Hospital wing gets boost

Solidarity not charity


Readers' opinion

The Socialist Inbox


 

Home   |   The Socialist 30 September 2020   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Tax:

triangleTerry Fields MP, Prisoner DV 3695 - The jailing of 'poll tax' rebel and Militant

triangleBirmingham Clean Air Zone a tax on the poor

triangleG7 tax deal won't challenge corporate power

triangleReaders' opinion

triangleIs Biden offering a new 'New Deal'?

Trump:

triangleKeep fascists out of Portland: Build a mass movement to fight the right

triangleAre Biden's immigration policies a break with Trump's?

triangleWill Biden's new foreign policy change the direction of US imperialism?

triangleEast London Socialist Party: Trump, Biden and the storming of the Capitol

Capitalist:

triangleClimate change, capitalism, and the struggle for socialism

triangleWe need a new political party for workers and youth

triangleAfghanistan in crisis:

BBC:

triangleVigil: A nuclear sub murder mystery

triangleTV Review: GB News

News and socialist analysis

News and socialist analysis

15/9/21

The Socialist

We need a new political party for workers and youth

15/9/21

Universal Credit

Hands off the uplift

15/9/21

Workers

What's behind the worker shortages, and what can be done about it?

15/9/21

Health

Deaths of despair: Health crisis - capitalism in the dock

15/9/21

Climate change

Climate change, capitalism, and the struggle for socialism

15/9/21

NHS

Take the wealth off the super-rich to fund: NHS and social care, pay and benefit rises

15/9/21

NHS

Social care plans: A sticking plaster instead of surgery

15/9/21

Pensions

Unite young and old to defend the pensions triple lock

8/9/21

Education

Union action needed to make schools Covid safe

8/9/21

Trade union

A pivotal moment for the trade union movement

8/9/21

NHS

NHS and social care - make the rich pay, not the workers

8/9/21

Health

Workers shouldn't pay for health and social care plans

8/9/21

Cuts

End service cuts and care charges

8/9/21

Care Homes

Families demand rights for care home residents

8/9/21

NEU

Fighting NEU leadership needed to tackle school funding crisis

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: [email protected]

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 079 8202 1969

East Mids: 077 3797 8057

London: 075 4018 9052

North East: 078 4114 4890

North West 079 5437 6096

South West: 077 5979 6478

Southern: 078 3368 1910

Wales: 077 7221 5281

West Mids: 024 7655 5620

Yorkshire: 078 0983 9793

ABOUT US

ARCHIVE

Alphabetical listing


September 2021

August 2021

July 2021

June 2021

May 2021

April 2021

March 2021

February 2021

January 2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999