- js reader version
- view hidden posts
- tags and related articles
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.
Change Links September 2018 posted
More Scandals Rock Southern California Nuke Plant San Onofre
Site Outage Friday
Change Links August 2018
Setback for Developer of SC Farm Land
More problems at Shutdown San Onofre Nuke
Change Links 2018 July posted
More Pix: "Families Belong Together," Pasadena
"Families Belong Together" March, Pasadena
Short Report on the Families Belong Together Protest in Los Angeles
Summer 2018 National Immigrant Solidarity Network News Alert!
Watch the Debate: Excluded Candidates for Governor of California
Change Links June 2018 posted
The Montrose Peace Vigil at 12 Years
Unity Archive Project
Dianne Feinstein's Promotion of War, Secret Animal Abuse, Military Profiteering, Censorshi
CA Senate Bill 1303 would require an independent coroner rather than being part of police
Three years after OC snitch scandal, no charges filed against sheriffs deputies
California police agencies violate Brown Act (open meetings)
Insane Company Wants To Send Nuke Plant Waste To New Mexico
Change Links May 2018
Worker-Owned Car Wash on Vermont Closed
GUIDE TO REBEL CITY LOS ANGELES AVAILABLE
lausd whistle blower
Help KCET and UCLA identify 60s-70s Chicano images
UCLA Luskin: Casting Youth Justice in a Different Light
Change Links April 2018
More Local News...
Paraphysique de psychosomatique
Chuck Grassley: Women Abusing, Animal Murdering, Illegal War Supporting Criminal
Finance Capitalism and the Digital Economy
Muselières syndicales, muselières patronales
Jeff Bezos, Amazon, The Washington Post, Whole Foods, Etc
Why Choose Nut Milk Over Cows' Milk
Antrhopocène, le grand effondrement
Creative Destruction Hack Diamonds Windows/iOS/Android - Creative Destruction Generator
The Dictatorship of Corporations
18 Lethal Consequences Of Hunting
Paraphysique de l'outplacement déontologue
Creative Destruction Hack Mod Generator
Shopping du bashing
After Lehman Brothers, Experts Say Global Financial Crisis Can Happen Again
“Animaniacs in Concert!” Starring Voice Legend Rob Paulsen
Probabilités de fin d'humanité
Florida Area of Migrant Farmworkers Denied Right to Construct Health Clinic near NaplesCIW
Propagande de virus, virus de propagande
Steer clear of work morality!
Sweatshop Lodge Ceremony Continues in US Fed Prisons Led by Inmates
Paraphysique de l'origami
The Shortwave Report 09/07/18 Listen Globally!
August 2018 Honduras Coup update
Du réussissement putréfié
Brett Kavanaugh Filled The 5th Circuit With Execution Judges
Augusta Georgia Woman Gets 5 Year Prison Sentence for Writing About Russians Crime Acts
More Breaking News...