All Campaigns subcategories:
Anti-war keywords:
Anti-war
Highlight keywords |
Print this article
Search site for keywords: Tax - Trump - Capitalist - BBC
News in brief
Trump's tax
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.
LATEST POSTS
24 Feb Justice for Moyied Bashir
28 Feb Socialist Students conference
2 Mar Bristol North Socialist Party: The National Question - Scotland, Wales & N Ireland
2 Mar Caerphilly & RCT Socialist Party: How can peace be achieved in Israel/Palestine?
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: 079 3539 1947
West Mids: 024 7655 5620
Yorkshire: 077 0671 0041
ABOUT US
ARCHIVE
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999