• "Under a unitary taxation system, the global profits of multinational corporations would be allocated across the countries where the companies actually conduct business, which advocates argue would effectively make tax havens useless."

    https://www.truthdig.com/articles/the-silicon-six-is-dodging-taxes-to-the-tune-of-billions/
    "Under a unitary taxation system, the global profits of multinational corporations would be allocated across the countries where the companies actually conduct business, which advocates argue would effectively make tax havens useless." https://www.truthdig.com/articles/the-silicon-six-is-dodging-taxes-to-the-tune-of-billions/
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  • The military will likely end up, once again, with what those on the front lines derisively call “tactical golf carts”—vehicles relegated to the sidelines in combat after taxpayers spent millions on a truck billed as a war machine.

    Such wonder weapons are the ultimate bait-and-switch: Taxpayers pay a premium for combat utility that too often evaporates on the battlefield, while troops can pay in blood. The only winners are the Pentagon weapons-buying bureaucracy and its contractors, who perpetually promise more than they can deliver.

    While the laws of economics have never really applied to the Pentagon, those of physics certainly do.

    #MilitarySpending #WeaponsSales #Taxes
    The military will likely end up, once again, with what those on the front lines derisively call “tactical golf carts”—vehicles relegated to the sidelines in combat after taxpayers spent millions on a truck billed as a war machine. Such wonder weapons are the ultimate bait-and-switch: Taxpayers pay a premium for combat utility that too often evaporates on the battlefield, while troops can pay in blood. The only winners are the Pentagon weapons-buying bureaucracy and its contractors, who perpetually promise more than they can deliver. While the laws of economics have never really applied to the Pentagon, those of physics certainly do. #MilitarySpending #WeaponsSales #Taxes
    Pentagon Procurement and the Laws of Physics
    The U.S. military is always seeking to push the envelope when it comes to new weapons. Unfortunately, it sometimes pushes too hard, envisioning fantastical weapons that work only in dreams.
    WWW.POGO.ORG
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  • Life under Plutocracy...

    “ Oligarchs, freed from outside oversight and regulation, wantonly pillage the political and economic institutions that sustain them. They run up huge government deficits by slashing taxes on the rich. This forces an underfunded government to borrow from the banks, further enriching the oligarchs, and impose punishing austerity programs on the public. They privatize traditional government services, including utilities, intelligence gathering, large parts of the military, the police, the prison system and schools to make billions in profits. They create complex financial mechanisms that ensure usurious interest rates on mortgages, personal and student loans. They legalize accounting fraud and suppress wages to keep the public trapped in a crippling debt peonage. They loot trillions in taxpayer money when their speculative bubbles burst.”

    https://www.truthdig.com/articles/death-by-oligarchy/
    Life under Plutocracy... “ Oligarchs, freed from outside oversight and regulation, wantonly pillage the political and economic institutions that sustain them. They run up huge government deficits by slashing taxes on the rich. This forces an underfunded government to borrow from the banks, further enriching the oligarchs, and impose punishing austerity programs on the public. They privatize traditional government services, including utilities, intelligence gathering, large parts of the military, the police, the prison system and schools to make billions in profits. They create complex financial mechanisms that ensure usurious interest rates on mortgages, personal and student loans. They legalize accounting fraud and suppress wages to keep the public trapped in a crippling debt peonage. They loot trillions in taxpayer money when their speculative bubbles burst.” https://www.truthdig.com/articles/death-by-oligarchy/
    Death by Oligarchy
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  • The Congressional Budget Office identified in March unauthorized appropriations (often called “zombie programs”) for 257 laws and 971 expired programs in fiscal 2019, which totaled $307 billion. This accounts for about 23% of the discretionary budget, compared to 10% in the early 1990s.

    “Americans would be shocked if they knew about this,” said witness James Thurber, American University professor and founder of the university’s Center for Congressional and Presidential Studies.

    #PeakCorruption #MilitarySpending #Congress #Taxes #News
    The Congressional Budget Office identified in March unauthorized appropriations (often called “zombie programs”) for 257 laws and 971 expired programs in fiscal 2019, which totaled $307 billion. This accounts for about 23% of the discretionary budget, compared to 10% in the early 1990s. “Americans would be shocked if they knew about this,” said witness James Thurber, American University professor and founder of the university’s Center for Congressional and Presidential Studies. #PeakCorruption #MilitarySpending #Congress #Taxes #News
    Senate Panel Tackles Unauthorized Appropriations, or ‘Zombie Payments’
    Unauthorized payments accounted for 23% of the discretionary budget in 2019, compared to 10% in the early 1990s.
    WWW.GOVEXEC.COM
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