Krystal and Saagar revisit the subject of Chinese government influence over social media app TikTok now that a representative from the company has finally appeared in front of congress
A discussion on the General Agreement on Trade with Sir James Goldsmith and Laura D’Andrea Tyson.
- Charlie Rose’s dismissive attitude towards Mr Goldsmith seems to reflect the establishment view.
- Laura D’Andrea Tyson concedes his point about outsourcing, but says the horse is out of the barn and it won’t get worse. She argues the Uruguay round will help American firms export more, while Goldsmith says instead that firms will setup factories in the lowest-cost developing world and ship to the developed world.
The Real Owners of this Country don’t want a population of citizens capable of critical thinking. They don’t want well informed, well educated people capable of critical thinking. They want OBEDIENT WORKERS, OBEDIENT WORKERS.
Saagar Enjeti discusses the political fallout from the open vacancy on the Supreme Court following the death of RGB.
Aaron Glantz’s award-winning investigative journalism has sparked over a dozen congressional hearings and criminal probes. His latest book, “Homewreckers,” takes a shocking new look at America’s 2008 housing crisis. It’s a tale of greed and corruption, as Glantz pulls back the curtain on a group of Wall Street magnates who he says took advantage of a rigged system. Moreover, as Glantz tells Hari Sreenivasan, these “homewreckers” include key members of President Trump’s inner circle.
James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even the Netherlands is a tax haven for certain types of companies. The huge amount of numbers and graphs tells us that we are confronted with nothing less than a global tax haven industry. For example, Apple makes 100 billion dollars a year of tax free profits because of the games private bankers know how to play.
In medieval times people couldn’t hide their wealth when tax collectors came to inventory it. Nowadays they can. It is said that 64 percent of the global profits are parked offshore, for an important part by multinationals from the first world.
The third world is the victim of this practise. An example from the banana industry: exporting a banana from the Cayman Islands costs 13 pence. When it arrives in the UK to be consumed, the costs have grown to 60 pence. All of this money goes to other parties than the Cayman Islands.
Because of the tax havens, countries from the Third World are not able to receive the tax incomes they are entitled to. Henry even concludes that the debt problem of the third world is not a debt problem, but a tax problem. Both amount to almost the same.
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