Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page:

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 government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

  • 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.
  • When the health crisis subsides, 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:


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 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:


triangleColombia: Mass trade union-led protests force tax retreat

triangleHow to deal with the tax-dodging mega-rich? Nationalise!

triangleFreeports spell deregulation, low pay and a new race to the bottom

triangleWould a wealth tax end poverty and inequality?

triangleSuper-deduction will help big business pay less tax


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

triangleBiden, Labour, and the need for a new mass workers' party

triangleTrump Twitter ban: only independent workers' voice can defeat right

triangleUSA in crisis - the need for a socialist alternative


triangleCapitalist sleaze and cronyism

triangleYouth under attack

triangleRacism exists! Unite to fight all inequality


triangleNews in Brief

triangleCripTales: A painful reflection of a system that pits us against each other

News and socialist analysis

News and socialist analysis



New law ignores economic barriers to escaping domestic abuse



Cladding: Tories refuse to protect leaseholders again



Fight the rotten establishment



Capitalist sleaze and cronyism


Local government

Can the 'Preston model' beat the cuts?



Hands off our NHS


Mental health

Covid, capitalism and mental health



Socialists and elections - a response to the SWP



What councils can do to protect the environment


Welfare state

Poverty increasing. Welfare state in crisis. Do we need a new Beveridge Report?


Post Office

39 'postmasters' cleared - now clear the rest



Vote TUSC to oppose sleazy capitalism



Private sector is stealing the NHS



No trust in billionaire football owners - kick them out and reclaim the game



Generation eviction

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



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: 079 3539 1947

West Mids: 024 7655 5620

Yorkshire: 078 0983 9793



Alphabetical listing

May 2021

April 2021

March 2021

February 2021

January 2021