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What the Panama Papers Tells Us About Global Capitalism

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Economist Dr. Richard Wolff, Democracy At Work joins Thom. The Panama Papers have revealed tens of thousands of tax havens used by world leaders like British Prime Minister David Cameron - What do they tell us about the true nature of global capitalism? For more information on the stories we've covered visit our websites at thomhartmann.com - freespeech.org - and RT.com. You can also watch tonight's show on Hulu - at Hulu.com/THE BIG PICTURE and over at The Big Picture YouTube page. And - be sure to check us out on Facebook and Twitter!
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Текстовые комментарии (114)
Jim Battersbee (4 месяца назад)
Love to see how much "tax dodging" Putin and his cronies get up to. RT is no different to CNN, NBC, Fox, or all the other lying assholes.
KALIFADIA JOJOBA (5 месяцев назад)
I love Dr. Woolf & Tom Hartmann. I really do. But it's always the same 2 choices. Us or them. Government or No Government. Worker People locked in an endless negative duality with Employer People. Let's walk away from this locked down argument that never ends well for those without the guns. Us worker people need to get healthy, get energy, and get going -- AWAY from this sad little argument that has dominated our lives for so long. There are endless possibilities - but most require a team effort, trust, honesty and forethought. We may be rusty at living like this because we've been pitted against each other for so long. Worker Co-Operatives, Non-Profits, Crowd and Grant Funding, leveraging books and training opportunities, Living By Example, clearing out negative energy that drags us down. WE CAN DO THIS - EVERY FUCKING DAY. NO EXCUSES. LOVE!! & ABRACOZ!!
Wake Up (7 месяцев назад)
My or the main problem with the direction we're heading is the human suffering. It seems like the super wealthy or people in public leadership are focused on profits and control of markets over everything else including human life. The safe guard to protect the population against the wealthy ruling everything is the public. "The People". The wealthy have corrupted all forms of "so called" education and now the general population is so brain washed or brain dead mixed with complacency and apathy we hardly stand a chance. War has evolved from the battle field to the brain. It is very easy to brainwash people if you get them young. You can shape people how ever you please if you get to them early enough. Same goes for a proper education system. If you teach kids the correct way the grow up to be amazing people. All in all this is a war. I wish it wasn't but it is. The wealthy started it (like always) but as history shows "we the people ALWAYS come out on top". Stay awesome!
Libertarian Prince (8 месяцев назад)
DemoCRIPS and ReBLOODlicans: No More Gangs in Government Paperback – May 28, 2013 by Jesse Ventura (Author), Dick Russell (Contributor)
Wake Up (8 месяцев назад)
FACT: 1 tenth (1/10) of the top 1% has more money in the US then 90% of the entire population.  That should be illegal. Talk about inequality. How can we let such a small group of people have so much of our nations wealth. That 1/10 of 1 % literally control all large companies. They control what we pay..not only for products but gas, rent, the list goes on. They will over charge and under pay us until they control 100% of our nations wealth. What do the rest of us do THEN? It will only take 3 YEARS until the own 99% of the US wealth. Fucking scary times man......How did the population become so ignorant and weak? Think about it????
Wake Up (7 месяцев назад)
Well said and I agree. My or the main problem with the direction we're heading is the human suffering. It seems like the super wealthy or people in public leadership are focused on profits and control of markets over everything else including human life. The safe guard to protect the population against the wealthy ruling everything is the public. "The People". The wealthy have corrupted all forms of "so called" education and now the general population is so brain washed or brain dead mixed with complacency and apathy we hardly stand a chance. War has evolved from the battle field to the brain. It is very easy to brainwash people if you get them young. You can shape people how ever you please if you get to them early enough. Same goes for a proper education system. If you teach kids the correct way the grow up to be amazing people. All in all this is a war. I wish it wasn't but it is. The wealthy started it (like always) but as history shows "we the people ALWAYS come out on top". Stay awesome!
Joseph Henry (7 месяцев назад)
Wake up. We are on the verge of the most unequal societies in human history. Think about advances in AI and Bio-technology.with humans becoming more redundant and useless will states still have a motive to invest in their Health and education if there is hardly any need for military, industrial and other types of workers ??? It stands to reason that they did this because they needed healthy basic educated people in the past. When people start losing their political and economic relevance then things could turn in a dangerous direction
Dan V. (1 год назад)
Dr. Wolff is certainly well intentioned, just not strategically logical. If he thinks these matters are important to the society then he has a duty to get legal help to rectify this problem. There is a legal reward for his class action lawsuit which would compensate him handsomely should he be able to successfully explain to a judge why these shell holdings are illegal and belong to the US working class. He might even be able to sell shares in a Closed Corporation to share the expense and the risk of the specific endeavor.
Hubert Harrison (1 год назад)
Who in November forgot about the Panama Papers? It's funny how the largest leak of financial corruption just seeped away from the public memory faster than roaches scattering away from the kitchen light.
Marshall Mackey (3 месяца назад)
Hubert Harrison This seems to happen with every major scandal!!
Dan V. (1 год назад)
You are right!
sacovenzetti (1 год назад)
even third world countries 's leaders were hiding their corrupt surplus cash in panama ,
Jacob Lee (1 год назад)
Its to bad this didn't come out of the Cayman Islands!  That's where most American businesses and businessmen like to hide all their wealth!  The fucked up thing is, it's not illegal!
Trevor Sanso (2 года назад)
I'd love to see anyone try and refute this man.
paul zsoldos (2 года назад)
What? The Rothschilds, the Soros and the other retards are not paying taxes? That is not true. Those creatures are Angels. All the countries are paying the taxes for them. They just needs to place their people in charge in those countries. Like Brazil, Iraq and so on.
Classified (2 года назад)
the panama papers tells me to trust noone. we all are humans struggling to survive at best possible after all.
Bisholi M (2 года назад)
Hunest Kapitalisem has been historically the best way for any nation who want to develop. THE THING WE HAVE TODAY IS NOT HUNEST AND IT IS NOT KAPITALISEM. THIS IS CALLED ULTRA CAPITALISEM
pykkervots (2 года назад)
What the internet tells us about the Panama Papers is that nobody in America has got an off-shore tax haven or is actively secreting their cash in a way that some might call illegal. Strange don't you think? A cynical man, not I, could almost come to the conclusion that this shocking 'expose' was nothing more than a dastardly CIA operation designed to damage humiliate and de-stabilise certain interested parties.
Noreen Happel (2 года назад)
Professor Wolfe, where have you been so long????
Deacon Verter (2 года назад)
This guy is a dreamer. A more equitable distribution of money won't stop rich people from hiding their wealth.
Spartaculus Jones (2 года назад)
Of course, there's "no money." The plutocratic upper class prints it and keeps 99% of it for themselves.
ken thomas (2 года назад)
Both Trump and Clinton have their wealth in a Delaware tax haven, and when questioned refused to answer. Clinton: when I become president I'll close tax loop holes." How does one spell hypocrite, boys and girls?
Deep Thought (2 года назад)
David Cameron ,is not fit for office ,period!The first sniff of revolution, Cameron will be off,quicker than you can say"Offshore accounts".
T Green (2 года назад)
Some guy I over heard said! What happened to Cameron's 5.2 million that his Daddy had tucked away surely he wants to inherit this tidy sum! As thirty thousand pounds is just a small petty cash account in a high street bank to many, even within the lower middle classes! Can any one throw any more light upon this figure that this guy seemed very clear about?
Noreen Happel (2 года назад)
+T Green Mr. Cameron was at school with the Royals!!!!
mungojelly (2 года назад)
is the intended audience of this video young children
scilver (2 года назад)
inb4 neo-hitler going after the 1% instead of jews.
andre daniels (2 года назад)
hes lying ...thats why he took several days ...he's lying...like turnbull and kay
goli880 (2 года назад)
arsen loupens call themselves illuminaties biderbergs freemasons skul and bones priests pope presidents chancellers,prime ministers queens kings but at the end they are a bunch filthy thieves
ronald sykes (2 года назад)
whats new, cameron said he put his dick into a pigs mouth too, just to join the skull and bonners club of jewmerica.. anything for a buck.
Andrew Burley (2 года назад)
isn't the threat of bank bail in's and people having their money stolen by banks, driving rich people to use these shell companies ? rich people would be crazy to leave their money in a bank ?
Paul Charles (2 года назад)
+Andrew Burley Bit like the mafia's modus operandi!
MrFeyerwire (2 года назад)
The reason I never get tired of listening to Richard Wolff speak, is because his disdain is obvious. You can tell that he is just as raging mad about the corruption as most world citizens are nowadays. I also love how he wears his Socialist sympathies on his sleeve (much like myself). I am sure there are wealthy people out there that have convinced themselves that the reason everyone else is poor, is because they are lazy or degenerate. I live in Seattle and I know some brilliant hard working people, who cannot afford a home, let alone a vacation home. There are people out there that are so rich, they don't even half to ask how much things are anymore. These people could give a flying fuck about the everyday human being and our struggle. If you want a good representation of how they feel about us, look at how human resources treats employees at every company. It does not matter if you have been there 5 minutes or 20 years, your worthless. They will break your mind, heart and soul and then fire the shambling mess that lays where you used to stand. In other countries, working your employees 70 hours a week is illegal.
man go (1 год назад)
MrFeyerwire why is income inequality a problem? what I mean is poverty is a problem but why is it a problem that there are extremely rich and extremely poor? isn't the poverty the problem? we have a problem with poverty in America but having rich people isn't a problem. if everyone in america had an extra 150,000 dollars per year would the inequality still be a problem? we wouldn't have any poverty at that point (in theory). so would the average people still deserve the money that the rich people have? if income inequality is not a problem with absence of poverty isn't the poverty the thing that needs changing
JB6789 (2 года назад)
I agree. Having made small fortune before 40, in my observation, the higher up one goes in a corporate structure, the greater the concentration of self-absorbed sociopaths. Intellect, educational pedigree, working smart, leadership qualities, results...these attributes can only get one so far. What really separates top management from the rest are forms of anti-social behavior that can be best rewarded by an amoral business. The more our citizens bought into Reagan's literally half-brain view that government is the problem, the more that citizenry has ceded public policy (and enforcement) to corporate sociopaths/psychopaths. In my observation, the only government regulation the C-suite didn't like...was the one it hadn't already written and approved beforehand. We now find ourselves in a situation where revolving doors have allowed these sociopaths to effectively capture our government...in fact, it no longer is For the People.
Ghias uddin Babar (2 года назад)
This video clip is very informative. Nice sharing. Thanks n best regards.
Fa Vang (2 года назад)
"Off with his head!" -Queen
The Daily Hustle (2 года назад)
no such thing as tax evaders... only central planning oppressors and politicos
John Grasing (2 года назад)
Maybe like with gay marriage, the states that allow this could be called out and boycotted....
vpost1x1 (2 года назад)
What is says, I don't know, What we say (people of Democracy Spring) corruption must be examined, and our House of Representatives must be corruption free and in the peoples hands.
zalamander8 (2 года назад)
America is no longer a free country, we have become a private corporation bought and paid for by the 1%. America is now America Inc.
Andrew Rattle (2 года назад)
yeah but were stuck.
zalamander8 (2 года назад)
+Andrew Rattle Yes, that's why I support a public banking system.
Andrew Rattle (2 года назад)
+zalamander8 its always been. remember jekyll island?
Astorrin (2 года назад)
maybe a good quote from Cameron would be....do what I say, don't do what I do!!!
piano man (2 года назад)
It is just stupid to think that Hillary and Bill Clinton are not corrupt. Years before more than a hundred media outlets around the world released stories Sunday exposing a massive network of global tax evasion detailed in the Panama Papers, U.S. President Barack Obama and then-Secretary of State Hillary Clinton pushed for a Bush administration-negotiated free trade agreement that watchdogs warned would only make the situation worse. Soon after taking office in 2009, Obama and Hillary Clinton, his secretary of state — who is currently the Democratic presidential front-runner — began pushing for the passage of stalled free trade agreements (FTAs) with Panama, Colombia and South Korea that opponents said would make it more difficult to crack down on Panama’s very low income tax rate, banking secrecy laws and history of noncooperation with foreign partners. Even while Obama championed his commitment to raise taxes on the wealthy, he pursued and eventually signed the Panama agreement in 2011. Upon Congress ratifying the pact, Clinton issued a statement lauding the agreement, saying it and other deals with Colombia and South Korea "will make it easier for American companies to sell their products." She added: "The Obama administration is constantly working to deepen our economic engagement throughout the world, and these agreements are an example of that commitment." Critics, however, said the pact would make it easier for rich Americans and corporations to set up offshore corporations and bank accounts and avoid paying many taxes altogether. While the democratic party’s golden girl, Hillary Clinton was doing her best to push through the Panama Free Trade Deal Bernie Sanders vocally opposed it, citing research warning that it would strictly limit the government’s ability to clamp down on questionable or even illegal activity. Even if the Clintons remain unmentioned in future tax bombshells, Sanders can continue to exploit the narrative that Clinton is part of the populous responsible, and has assisted in flagrant abuses of the system through disastrous trade deals. For many Americans Hillary Clinton is the embodiment of a “global elite”, while Bernie Sanders is the opposite. The revelations are relevant to the 2016 presidential election because they once again illustrate the stark contrast in judgement between Bernie Sanders and Hillary Clinton. The transgressions documented in the Panama Papers were directly facilitated by the Panama-United States Trade Promotion Agreement, which Congress ratified in 2012. In 2011, Sanders took to the floor of the senate to strongly denounce the trade deal: “Panama is a world leader when it comes to allowing wealthy Americans and large corporations to evade US taxes by stashing their cash in offshore tax havens. The Panama free trade agreement will make this bad situation much worse. Each and every year, the wealthiest people in this country and the largest corporations evade about $100 billion in taxes through abusive and illegal offshore tax havens in Panama and in other countries.” Hillary Clinton, on the other hand, completely ignored the tax haven issue, and instead, regurgitated the same job-creation platitude she used to peddle NAFTA, which has decimated American manufacturing jobs and led to an economic refugee crisis in Mexico. Beyond just exposing her unwillingness to understand how modern free trade agreements benefit the rich and punish impoverished countries, Clinton may have a more odious connection to the Panama Papers. Of interest and almost lost among the many revelations is the fact that Russia’s biggest bank uses The Podesta Group as its lobbyist in Washington, D.C. This firm is well known inside the Beltway, not least because its CEO is Tony Podesta, one of the best-connected Democrats in the country. He founded the firm in 1998 with his brother John, formerly chief of staff to …you guessed it President Bill Clinton, then counselor to President Barack Obama, Mr. Podesta is the very definition of a Democratic insider. Outsiders engage the Podestas and their well-connected lobbying firm to improve their image and get access to Democratic bigwigs. The Podesta Group registered with the U.S. Government as a lobbyist for Sberbank, Russia’s biggest bank, as required by law, naming three Podesta Group staffers: Tony Podesta plus Stephen Rademaker and David Adams, the last two former assistant secretaries of state. It should be noted that Tony Podesta is a big-money bundler for the Hillary Clinton presidential campaign while his brother John is the chairman’s of that campaign, the chief architect of her plans to take the White House this November. John and Tony Podesta aren’t fooling anyone. They are lobbyists for Vladimir Putin’s personal bank of choice, an arm of his Kremlin and its intelligence services. Since the brothers Podesta are presumably destined for very high-level White House jobs next January if the Democrats triumph in November at the polls, their relationship with Sberbank is something they—and Hillary Clinton—need to explain to the public. That’s the kind of thing that’s all over the Panama Papers, and it’s what Hillary Clinton has been doing forever. It’s how the Clintons suddenly made $100 million in the first few years after leaving the White House, with nothing to offer the business world but their political connections. It’s why the Clinton Foundation got massive donations from Russian businessmen with deals that required State Department approval.
piano man (2 года назад)
How much more proof does one need to show that Hillary Clinton's past actions and bad judgement would make her a terrible president of the United States. Bernie Sanders is so correct on this notion. Why are Americans so naive and dumb? Bernie or bust (Jill Stein)
Gunnar Gundersen (2 года назад)
Thom: you are squinting a lot; do you need new glasses?
Norgler (2 года назад)
The export of goods from the U.S. to Panama were in 2015 slightly less than in 2011. (7,836.3 million in 2015 to 8,251.6 million in 2011) https://www.census.gov/foreign-trade/balance/c2250.html So it is fair to conclude that the “job-creating trade agenda that will open markets, level the playing field for our businesses and workers, and champion America’s working families in an age of tough global competition” is lagging behind and the Panama Free Trade Agreement in this aspect has not created any new jobs up to this moment. So why not discard the Hillary comment as mindless political babble?
quantumleap8824 (2 года назад)
I've been listening to Richard Wolff for a long time and think he's excellent! :)
S172 767 JFK (1 год назад)
He defiantly knows what he is talking about something that is rare.
Punxnotded (2 года назад)
It's a joke .....scum .....it's time to rise up and rid our world of all the rich ....
T M (2 года назад)
It is worth it to understand the schemes in place that keep the worst socioeconomic and humanitarian crisis ongoing, and explain in simple terms to the great majority so as to not repeat those mistakes. So hopefully the press would take it that way, but I doubt it. So it looks to me that rather than waiting to reach the end of that rope a new economic system needs to be started at the same time, one that has a worth it currency that is fixed in value and to which the 99% has access for provisions of goods and services, or a non fanatical work activity that contributes to society, and that fixes the upper and lower limits per person so that a few don't take it all and makes feasible the rotation of currency through society. That in theory does not seem hard to put together by skilled people. Also remember the thought constructs legacy leading to this end point society of increasing corruption: The philosophical idea of problem-reaction solution favoring all kinds of convolutions to keep productivity and wealth in a system unfit for the present world conditions, yet impermeable to needed changes. Some problems do not require a new industry, but some do.
Paul Chatlain (2 года назад)
DEAR 1%, THE PITCHFORKS ARE COMING. STANDBY TO BE DISMANTLED.
jeff singleton (14 дней назад)
Paul Chatlain stop being a pussy
Seraph909 (3 месяца назад)
They are as afraid of us, as the English were afraid of the Irish during the Potato Famine.
S172 767 JFK (1 год назад)
+William Broderick He would pity you.
S172 767 JFK (1 год назад)
+William Broderick You are a ducking moron.
Paul Chatlain (2 года назад)
There it is. I love that positive attitude. Your cleverness is off the charts. :) If Hartman could witness your greatness, he would quake in his shoes.
Chaitanya Joshi (2 года назад)
Wolff should endorse Sanders
ken thomas (3 месяца назад)
Sanders endorsed Hillary
National Security Agency (2 года назад)
RDW is my spirit animal
bornxmas (2 года назад)
Great interview! Dr Wolff is incredibly informational. Although I had to replay 9:08 a few times because I couldn't stop laughing. Beg my pard. :)
Arist Channels (2 года назад)
WOLFF!!!!!!! My nigguh
Christine Jones (2 года назад)
its like addicts arranging things to keep their fix arriving on time.
big Cahuna (2 года назад)
the "Mob"  used to be rum runners, cigarette highjackers, numbers, etc. "They"  say one conglomerate owns 40%  of international corporations. Our corporate government is owned by this conglomerate.  They" also say the worlds treasure has been in hiding for 50 years and is about to be available.
myriadcorp (2 года назад)
Thom should have Richard Wolff explain how the two parties operate.
Ryan Neitzel (2 года назад)
+myriadcorp you mean the two factions of the single party we have in the united states. we dont have a two party system, we have a business party with 2 factions, one of capital intensive corporations, and the other of labor intensive corporations.
Solder Joe (2 года назад)
If the rich and corporations would pay their fair share and lessen the tax burden on individuals by half. That would be enough to equalise incomes and get people out of poverty. The rich and corporations and business use up 90% of infrastructure costs. Yet the individual has to pay the bill for it. There should be no individual tax or wage tax. Only business and corporations. This is the problem. The business class has privatized the profits and socialized the costs and risk. By making business pay the tax up front as a cost of having employees and using and maintaining roads etc. that would change the whole system for the better. Only one taxpayer. This way there is two behemoths fighting for what the rate should be, like a union. Not the powerful government forcing individuals out of hard earned pay and business can't pass off the costs of doing business to people that can't fight back.
Roger Peterson (2 года назад)
When we use money, power and privilege as our primary measure of success, are we making it more important than us? Are we giving it power over us? Money, in and of itself, is an amazing convenience for the exchange of goods and services when it keeps things working. However, when it becomes an end in itself and, enough is never enough, it loses its value because it no longer serves society in a healthy way. It only fuels the distorted, greed-driven fantasies of a few. Like blood in the body, money must circulate freely for society and the world to thrive. When principles and idealism go out the window, we lose our balance, which is not necessarily a bad thing. It's our way of clarifying the difference between what we like and what we don't like, what works for us and what doesn't, what makes us happy and what doesn't. It's simply a reminder that the challenge of being and creation is learning how to use the power of thought and imagination to shape energy (it's all energy), money included, into a pleasing reality. The prize is a sense of satisfaction, the feeling of a job well done. Like learning how to walk and talk, it is a personal, subjective endeavor that requires creative aggression. It is a great balancing act where we, like children, must accept falling down as part of learning how to stand up. Remember, thoughts are things with a "reality" of their own, and each one of us, an artist. With thought in the form of beliefs, attitudes, values and expectations, we paint the landscape of our lives. Isn't it time to wake up, wise up and rise up to the better selves we can be? What can we do today for the selves we'll be tomorrow? What works and makes us happy?
T M (2 года назад)
Agree, awareness makes a difference in the person and the surroundings, and life is a learning process. Thanks for your reply.
Roger Peterson (2 года назад)
+nogames malo It seems to me that if we want to create a new economic system, we must understand where the old one comes from and why it no longer works. In other words, we need to understand the reality behind reality. Then we can create something better and replace it. Asking good questions helps us focus on what matters most. It clears the road for new understanding. One of the challenges I see blocking the road to new understanding is value judgment; I'm right, you're wrong, I'm good, you're bad, I win, you lose, and scapegoating, blaming others for our problems. It's a trap! It's easier to do than taking responsibility for our thoughts and actions and the role they play in the creation of our experience. Becoming more conscious and better creators and co-creators could very well be what we're here to learn. Here are the ideals I think lie just under the surface of our waking consciousness. We know them intuitively and even act on them but they're not always a conscious part of our working knowledge base. I wonder what would happen if they were? It's called: Remember... and, as a system of ideas, it would a create a whole new kind of reality: The value of an idea is in the reality it creates and what we can learn from it. Aware Energy (Consciousness) is the Source and Substance of All That Is. As unique individualized beings of Aware Energy, we are living, loving, growing and changing aspects of Consciousness (awareness and action). We think, act and react; therefore, we Are. As we think, act and react, we create. To change what we create, we change what we think, how we act and how we react. As beings of Aware Energy, we're both one with and separate from All That Is. As beings of Aware Energy, we're both products of creation and creation itself. As beings of Aware Energy, we're forever occupied with making the invisible, visible (the unknown, known), creating order out of chaos and making sense out of nonsense. Ultimately, there is no right or wrong, good or bad; there just Is, supported by the energy of unconditional love. Only by being free to learn the difference between what we like and what we don’t like, what works for us and what doesn’t, what makes us happy and what doesn’t, can we become better and more responsible individual creators and collective co-creators. Pushed from within by the impulse to be and create, and pulled from without by the promise of being and creation, the challenge of life is learning how to use the power of thought and imagination to shape energy into a pleasing reality. The prize is a sense of satisfaction, the feeling of a job well done. Deep down, we know how good we are, how much we do and how well we do it. We also know that we do the best we can with what we know in the moment and that we’re always trying to learn more so we can do better. What is life’s greatest dilemma and blessing? It is the presence of imperfection and possibility unexplored. It is the desire to seek greater understanding, to serve a higher good. Individually and together, we are forever God becoming! **** It's posted on my website and on my Facebook page
T M (2 года назад)
+nogames malo There are plenty of ideas and reasoning people in internet to at least draft the structure and conditions of the new economic system. I wonder if they are approached by the well meaning majority about it if that would do it.
T M (2 года назад)
+Roger Peterson It looks like the same recurrent problems through the time of existence of a financial-economic system, so by now it should be known what and where are the problems. The best thing is to start a new one that considers the main points needed and corrects the faulty ones. No need to wait until every wrong is cleared to re start society because it is then repeating and reinforcing the same approach. The rich are being discredited but that is not solving the problems of the majority, it is only keeping a few sectors somewhat going.
EmmittBrownBTTF1 (2 года назад)
"I have a simple view that if you have done the right thing - worked, saved and paid your taxes - you should be rewarded, not punished." - David Cameron. Sure Dave, because letting Daddy hide your cash and making ₤30,000 is such hard work, and paying your way is so truly punitive. Tosser. #smellEstablishmentDecomp and pass the Vaseline
EmmittBrownBTTF1 (2 года назад)
+Michael Alexander "it makes no sense to opt into a social contract if you are a producer or contributor to society." Sounds like you are saying Autoworkers, and Maccas crews should just quit then, like John Gault. There really should be something done about the takers, they are easy to spot, private plane, Panama tax shelters, prized collection of pet politicians. High end income taxes keep money in businesses, by forcing wealthy stake holders to keep money in the business to grow it, Businesses are now losing wealth not to the government, but to the owners, executives and shareholders. The rugged individualism this is a myth now exploited by manipulative sociopaths who only feign concern the betterment of there many fellow humans less obsessed with the accumulation of small green pieces of paper. Humans are a social species, it in our nature, because communities are more resilient than individuals, if you fall your neighbours will give you a hand up, even a turtle will flip over a fellow helplessly upside down.  People we describe as poor don't want handouts, that's corporations you're thinking of. They make a f*** tonne of cash, and go begging to congress, while bridges are collapsing, PISA scores(education) is in free fall, and still millions of Americans can't afford health they need. America can no longer afford arrogant narcissism of its billionaire class.
The Daily Hustle (2 года назад)
it makes no sense to opt into a social contract if you are a producer or contributor to society. why do people feel they need to be enslaved and pay into a system where they get taxed based on consumption at the local state level, at the federal level, and again on the more invisible level using taxflation. why do the Sheeple fail to launch and fail to recognize that taxes from business owners takes jobs away from their communities? no one is required. no one realizes social security is a social contract that you OPT in to.
MsMilkytheclown1 (2 года назад)
Richard Wolff - a great mind. Thank you for the interview Thom.
josh mcgee (2 года назад)
8:20 - does anybody have a study that proves that an injection of money at the bottom of the economy is more effective than an injection at the top? I can't find anything by doing a quick google
ken thomas (3 месяца назад)
*JOSE* *Wolff has stated many times that the workers should own the means of production instead of a small board of wealthy parasites. If this were done jobs would not be outsourced, etc. The corporations would be run for the benefit of the people---not the wealthy.*
T M (2 года назад)
Yes, that would eliminate poverty by mandate, but I think people with all the money and resources will officially look at it as totally unproductive dependency, not even as slavery since that needed work though it bypassed money.  
josh mcgee (2 года назад)
+nogames malo precisely the reason why I support a Basic Income which will give people money whether or not they are working, it would guarantee that there is a consumer base of people able to purchase products and effectively eliminate the concept of poverty as we know it.
T M (2 года назад)
+josh mcgee Quality is more important than quantity, and well-done robotics would help greatly in some of those tasks/industry, but if you don't have enough people to purchase the products or services made it becomes just an achieved luxury for those in need of it. Unless the goal is a communistic high tech society, in which all people have participation and there's plenty of good quality things. That needs a nonviolent change of the existing paradigm, which I don't see but rather more of the same rhetoric and actions and fighting. That is driving authoritarianism at a critical junction, and what we find is bureaucracy greatly enhanced stopping even the more basic of activities and rights. The idea of beneficial globalization is shown in the internet, but is lagging in real life probably because it is being applied to everything else, so that individual rights are over run.
Mike West (2 года назад)
+josh mcgee You have valid points and I think I have valid points as well. It will be interesting to see how things work out in the future.
Chris Moseley (2 года назад)
Hopefully our future Secretary of labor.
Dsi1ver (2 года назад)
What? Rich peoole hide their money so it doesnt get taxed? What a scandal ! Its almosy like people forgot mitt romney.
Hesket (2 года назад)
These are obviously outliers man, it's obviously not a problem with capitalism at all /s
Chris H (2 года назад)
Come on dude, this is rare and something only bad people do. No way it has anything to do with a system , not a chance!!!!!!!!!!!
Dsi1ver (2 года назад)
+john smith gatekeepers are so cool. Are they done releasing the snowden leaks yet?
john smith (2 года назад)
+linfr Knowing is one thing. Having 11.5 million documents worth of proof is something else. I can't wait until these documents are vetted by men like Glenn Greenwald and Jeremy Scahill.
Susan Raezer (2 года назад)
Shouldn't these people be considered traitors? Aren't they evading their responsibility? Shouldn't they be prosecuted for tax evasion? They should be jailed, with no way to buy their way out. Let them rot in jail, to pay for their greed.
husleman (2 года назад)
+Susan Raezer Actually, action is already happening, for example, in ICELAND their, at the time, prime minister was named as one of the people who were in the panama papers, and the next day, 25 thousand+ iceland citizens protested to have the prime minister step down and he did. That was like 4 days ago. So yes, it is being dealt with, but it depends on the people in those regions to decide what happens. No one from the US was in those papers so nothing is happening here in the US about it.
mrzack888 (2 года назад)
i can't wait for dr wolff's monthly economic update where he tears into the panama tax haven topic.
Deep Thought (2 года назад)
+Mark Raymond That's really good ,well done sir ,sad that it is true though.
smokyondagrass (2 года назад)
+mrzack888 so mucm for sending my money to panama, does anyone know another tax haven i can send my money to
The Daily Hustle (2 года назад)
+Mark Raymond it's not just greedy corporate power... it's the marriage of corporate power with political power. that's fascism. that's what we have. I think we all agree the system needs reform... I contend that it's better to abolish the whole damn federal government head to toe. but don't worry... hyper inflation and loss of the world reserve currency followed by IMF austerity will strengthen unions and people will be begging the government to take care of them and to fix the economy. they will then tax the so called rich or (productive class of society) and give it to the helpless who clamore for government hand outs. it is like you said... greedy corporations... the govt is a greedy corporation run by politicians that may have want to do good.... but the machine of politics and money and power makes politicians incapable of being statesmen (honest servants of the people... obviously they serve special interests.) the so called government and every municipality is a corporate structure... look up your local municipality with Dunn and Brad street. the US as we know it is US LLC of Washington DC... the social contract we know as social security is opted into this special jurisdiction. people opt into the taxation matrix... and they aren't educated on how to opt out. it's neo surfdom. I contend that structure... a fascist corporate structure lead by the Fed needs to shrivel up already and die. people need to take back their freedom.
The Daily Hustle (2 года назад)
+Mark Raymond I believe that central planning is the problem. politicians think they have the solution. I think they should figuratively be tarred and feathered and we people should enforce states rights and nullification. I believe it is better to keep power local and give it "back to the people". Bernie or Trump, the power structure and war machine stays in place. One wants to confiscate more taxes and the other wants to build a wall to keep people out... I believe he's building a wall to cage people and take more freedoms. LESS GOVERNMENT not more is the solution says this Anarco-Capitalist. I produce jobs and employ people, rather teach them to become self-sufficient as should the government. instead, the government makes laws to steal from business owners and creates incentives for people to make more money than minimum wage by staying unemployed at home. that's true for 38 states in the union. Screw that! I'm opting out commies.
focusflute (2 года назад)
WE must VOTE for Bernie Sanders in the PRIMARIES
ken thomas (3 месяца назад)
Bernie voted for Hillary
L. G. (2 года назад)
this is manufactured. all the journalist that released this leak work for corporate media. would of been more believable if a whistle blower leaked it. not the billionaires that's are going to use this for regime change

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