What a guy! "Jeff" Bezos, the world's richest person, has been paid the same $81,840 salary from Amazon for two decades. Perhaps, because he needed extra cash last year to pay grocery bills, divorce lawyers and utilities, Bezos sold $1.8 billion of his Amazon stock, and kept about $1.44 billion after 20% federal capital gains … Continue reading Many of America’s biggest companies paid no federal income tax last year, or had credits under new corporate-friendly tax law
Who needs a government? What's so great about the right to vote for your local, state or national leaders? Why not allow a corporation decide how much to spend on your schools, police, roads and hospitals? If these questions sound outlandish, you haven't heard of the newest trend - private cities - where a chief … Continue reading Corporate private cities – no rights, no votes and no protests!
Two big lies have been fed to the American worker by media, think tanks and politicians: Raising the minimum wage to $15 only helps entry-level and very young workers. An increased minimum wage to $15 leads to fewer jobs and closed businesses. The first claim is usually presented as: Only 542,000 American workers are at … Continue reading Pains of poverty from slave pay are just ignored by politicians; Elite class uses phony arguments to fight $15 minimum wage
Big business in India has adopted the tactic of eliminating competition through onerous regulations. Many of us can remember the American corner grocery, local pharmacy, small bakery, tiny-herd dairy farm, one-person law or accountant firm. Tens of thousands of small companies have closed in recent decades, replaced by chains and their monopoly practices of poorer … Continue reading Big business in India benefits from taxes and regulations that are forcing small competitors out of business – sound familiar?
When you don't count Walmart, the largest employers in the world, are in China, not the United States. And the biggest firms in China are industrial and manufacturing companies, not a low-wage retailer China National Petroleum (1,636,532), China State Grid (913,546), Foxconn (803,126) and Sninopec (667,799) together employ 4,021,003 workers. Foxconn is well known in … Continue reading China’s companies win the race for producing employment giants, dwarfing American firms like GM, Apple or Exxon
During his Saturday campaign rally in Washington, Michigan, the "Hire America" President Donald Trump said that the U.S.A. unemployment numbers were so good that it was now possible to allow many more guest workers into the country to work the fields and take millions of other jobs. The audience gasped and then was silent. It … Continue reading Make American workers poor again with H-2Bs; Trump bows to business buddies and hotel honchos
What does President Donald Trump's tariffs on $50 billion worth of imports from China actually mean, and how will this affect you? The ministers of mainstream media have received their talking points from the same lobbyists who control Congress, and they are using scare tactics on the public. "A 25% tariff on a product will … Continue reading How does a 100% tariff only increase the real price of a pair of prescription $600 eyeglass by only $15?
Sometimes you have to cringe when a Capitalism fan praises the wonder of the "free market." For example, "free market competition lowers prices..." Sounds great, but visit a store and compare the price of batteries from various companies - each one is within a penny of the other. Listen to the CEO of a major … Continue reading How the “free market” in toilet tissue tricked you