Bill Moyers Essay: The United States of Inequality

Check out this excellent piece by Bill Moyers who tells it like it is, as always, exposing “Washington doublespeak” and the “petty, narcissistic, pridefully ignorant politics” that has “come to dominate and paralyze our government, while millions of people keep falling through the gaping hole that has turned us into the United States of Inequality.”

Among other infuriating facts highlighted in this thirteen-minute piece, the extent of government corruption takes the cake:

Our nation’s Capitol: rich in alabaster symbols of representative government, yet shamelessly cynical in writing laws and bending rules to favor the one percent. That includes the tax code. So on Monday, when you send in your tax returns, think about this: corporate profits are at record highs, but have those companies invested that money in new jobs? No. Did they at least give their workers a bump in pay? Hardly. Surely they shelled out a little more in taxes to help refurbish the social structure— the highways, bridges, schools, libraries, and parks where they do business? Guess again. Corporations are sitting on 1.7 trillion dollars of cash. [In a] report just published by PIRG, the Public Interest Research Group, on how average citizens and small businesses have to make up the ninety billion dollars giant companies save by shifting profits to off-shore tax havens. Among the 83 publicly traded corporations named: Pfizer, which for the past five years reported no taxable income in the U.S., even as it made forty percent of its sales here; Microsoft, which avoided 4.5 billion dollars in taxes over three years by shifting its income to Puerto Rico; Citigroup, which maintains twenty subsidiaries in tax havens and has over 42.5 billion dollars sitting off-shore. Taxes collected here at home? Zero.

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