Send a Tweet
Most Popular Choices
Share on Facebook 17 Share on Twitter Printer Friendly Page More Sharing
OpEdNews Op Eds   


By       (Page 1 of 2 pages)   1 comment
Follow Me on Twitter     Message Kevin Anthony Stoda
Become a Fan
  (9 fans)



By   Kevin A. Stoda


According to many media experts and Democracy Now [DN] ,"In their coverage of Wisconsin Gov. Scott Walker's attempt to undermine public workers' unions, many journalists have [often] parroted Walker's claim that unionized state workers get their pensions "subsidized" by the state." DN spoke last week "with investigative reporter and Pulitzer Prize-winner David Cay Johnston, who counters the assertion that pensions are costing taxpayers by pointing out that the workers themselves contribute 100 percent in deferred compensation. Johnson's latest article is called, "Really Bad Reporting in Wisconsin: Who 'Contributes' to Public Workers' Pensions?'"

click here


Here are some of the main points from that interview with D.C.   Johnson which ALL AMERICAN TAX-PAYERS need to understand:

(1)         [T]he Governor really wants to cut their wages. And instead of saying, "I want to cut the wages of these people," he has used this false argument [that the so-called benefits should not be considered earnings for labor contributed]."   This BIG LIE had led to "an enormous amount of vitriol against teachers and police officers and how they're all parasites. And it's astonishing to me how successful he's been in demagoguing this."


(2)    click here

  DAVID CAY JOHNSTON: Well, corporate income taxes in this country [the USA] are one-third lower than they were in 2000--that's in my column this morning at though corporate profits are up 60 percent and corporations have almost $2 trillion in cash. They're approaching $7,000 of cash for every man, woman and child in the United States. They're not investing this money. They're not creating jobs. They are hoarding this money that they have pulled out of the economy. It's one of the reasons we're in so much trouble.

Now, as to the argument that our tax rate is too high, it is because of all these special favors. The reason the tax code has grown and grown and grown and grown and grown isn't because of people like you and me and the audience; it's because of all these favors being bought from politicians. At, we have something called the Shelf Project, and eminent authorities in tax have shown how we could raise a trillion dollars a year--that would double the revenue we get, it's equal to the revenue we get from the individual income tax--by shutting down loopholes and favors for businesses, particularly the oil and gas and pharmaceutical industries. The fact is, the very largest corporations, the ones who are the vast majority of wealth in America, they pay an effective tax rate of about 15 percent of their profits.

And one fundamental truth people need to know, Amy, you can't have an individual income tax if you don't have a corporate income tax, because otherwise, wealthy individuals who own businesses will simply live off their business, and the businesses will become storehouses of untaxed wealth. That's one of the big problems in our tax system. You know, the hedge fund manager John Paulson made $9 billion in the last two years. Unless he chose to take money out of his plan, he pays no taxes on that money. You can make a billion dollars or $5 billion a year in a single year and pay no taxes for years or decades into the future, while working people have their taxes taken out every week.


DAVID CAY JOHNSTON: Well, there's another column of mine at'm sorry to sound like an advertising machine--that shows that in--since from 1961 to 2006, the very highest income taxpayers have had their tax burden reduced 60 percent, while everybody else has had a reduction of 20 percent. And it's the incomes at the top that have exploded. The corporate tax rate used to be 50 percent, now it's 35 percent.

Next Page  1  |  2

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Must Read 1   Well Said 1   Valuable 1  
Rate It | View Ratings

Kevin Anthony Stoda Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram page url on login Profile not filled in

KEVIN STODA-has been blessed to have either traveled in or worked in nearly 100 countries on five continents over the past two and a half decades.--He sees himself as a peace educator and have been-- a promoter of good economic and social development--making-him an enemy of my homelands humongous DEFENSE SPENDING and its focus on using weapons to try and solve global (more...)

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

BED-INs and Other Protests Needed Now

Why have German-, Italian- and Latin American Internment during WWII been kept out of the USA History books?

GULF CIVIL SOCIETY FORUM calls for Gulf Monarchies to abandon absolutism and to adopt European-style Parliaments


A WORLD OF PRETENDERS: Partial Review of the Filipino Novel, THE PRETENDERS by F. Sionil Jose

PHILIPP ROESLER, of Vietnamese Descent. to Head the Health Ministry in Germany, as his own Party Plans to Push for more

To View Comments or Join the Conversation:

Tell A Friend