We had a server outage, and we're rebuilding the site. Some of the site features won't work. Thank you for your patience.
imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List




IMC Network:

Original Cities

www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities

www.indymedia.org africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

SPREAD THE WEALTH OF WALL STREET, BIG OIL AND TAX-EVADER FOX!

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!

Report this post as:

LATEST COMMENTS ABOUT THIS ARTICLE
Listed below are the 10 latest comments of 1 posted about this article.
These comments are anonymously submitted by the website visitors.
TITLE AUTHOR DATE
THE BUSH 9-11 ROBBER BARONS ON THE POST 9-11 BUSH REDISTRIBUTION OF WEALTH IN AMERIKA THE BUSH 9-11 ROBBER BARONS Thursday, Oct. 30, 2008 at 9:40 AM
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy