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by Doug Cupertino
Thursday, Oct. 30, 2008 at 1:00 AM
The fascist Fox News of Rupert Murdoch has been whipping up a mania and false fear against socialism, Marxism and “spreading the wealth” But it is protecting only its own tax evasion and the speculative profit, predatory lending and price-gouging of Wall Street and Big Oil.
Led by rabid fascists Bill O’Reilly and Sean Hannity, Fox News is conjuring up a false phobia and paranoia against socialism and Marxism. Frothing in the mouth, Fox right-wing commentators are spreading the false fear that socialism and Marxism will grab income from the working-class and middle-class.
What these fascists hide is that it is the big greed-driven giant capitalist corporations like Fox News, Citicorp and ExxonMobil that have been fleecing Main Street with monopoly prices, predatory lending and media hyping the speculative bubbles.
It is big-time speculative profit and the luring of homeowners into a debt trap perpetrated by Wall Street, Big Oil and Fox News that has been pushing working-class and middle-class Americans into a million foreclosures in 2008 alone and spiking gas prices. It is the drive to hype up speculative capitalist profit that has been pushing corporations to downsize workers by over 70,000 per month.
While the Republican party of Wall Street and Big Oil, McCain and Palin pose as the champion of the middle class by opposing tax hikes, what they really want to protect is Wall Street and the top 500, including Big Oil which got a hell of a lot of tax breaks from George Bush and the Republicans.
Under the cloak of financial deregulation and bank secrecy, Wall Street is hiding and keeping its wealth away from the government coffers with massive tax evasion. Many of their companies and hedge funds have been stashing and money-laundering profits in tax havens in the Caribbean, Switzerland and Luxembourg.
And guess what? Who’s into this tax evasion rip-off? Wikipedia has this bit of information on its article on Rupert Murdoch, the tycoon lording over Fox News Corp and Wall Street Journal, and his businesses like Newscorp:
“In 1999, The Economist reported that Newscorp Investments had made £1.4 billion (.1 billion) in profits over the previous 11 years but had paid no net corporation tax. It further reported, after an examination of what was available of the accounts, that Newscorp would normally have expected to pay a corporate tax of approximately 0 million. The article explained that the corporation's complex structure, international scope and use of offshore havens allowed News Corporation to avoid taxation.”
Investigate and run after the tax-evasion profits of the fascist Fox News and Murdoch! Time to spread the obscene and ill-gotten capitalist wealth of Wall Street, Big Oil and Fox to Main Street! Time for real, socialist change!
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