Prof. Richard Wolff explains why the $3 billion subsidy for one of the world’s largest corporations is a terrible waste of public money
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** (Disclaimer: This video content is intended for educational and informational purposes only) **
Correct me if I'm wrong, but isn't it only that valuable because investors( gamblers) make it that valuable. Walmart does way more money. But has we learned from the last recession, money can disappear. Never will understand that, I guess. They certainly don't pass it down. Wish I knew how MySpace can be taken out by Facebook. Example. Or Kmart by Wal-Mart. Money seems to shift and disappear. Only thing is certain, the slaves want benefit. Makes me ponder what is money really
Bezos is rich but he's ugly as well. How would you like to look like an alien? The only thing missing are two horns on his head. By contrast, Richard Wolff is the greatest, and looks nice too.
Khazarian Mafia.
Wonder if striking Amazon workers could bring Bezos down… his relationship with the CIA is ominous. I have boycotted Amazon for 5 years. One or two days of nation-wide boycott would surely send Bezos a strong message. Hats off to all the Amazon workers in other parts of the world who are striking! Bezos is the most blatant and odious example of socialism for corporations, but not for the People. #JeffBezosWelfareRecipient.
Talk about welfare kings!
Jeff Bezos reminds me of Ming the Merciless from Flash Gordan.
Bribery pays !
While I would agree that Amazon deserves NO tax breaks or subsidies, the NYC police refusal to prosecute subway fare jumpers spits in the face of decent people who pay the fare. OF COURSE the public transit system is in a "death spiral". Fare jumpers should be jailed and then banned from subway access for at least a year. It doesn't matter that subway fare enforcement would have a "disparate impact" on some demographic groups. Do selected demographic groups now get a pass to commit crimes with impunity?
This is where Dr Stephanie Kelton comes in. This is why ALL of US need to understand how Federal finances works. This is why WE all need to educate ourselves with the description of MMT. MMT is merely a description of how federal finances works. It doesn't need to be implemented it all ready works the way MMT describes it.
Article one section 8 of OUR Constitution states that only Congress can Mandate spending and taxation.
We have been seeing a capitalists coup going on for the last 50 years and it is nearly complete.
Richard Wolff is absolutely correct when he describes that the way the State has now list 3 billion in their tax revenues, because individual States DO NOT create the currency. …they rely on taxes to spend on their State and communities.
Dr Stephanie Kelton was Bernie Sanders financial advisor during the primary. The real news DID interview her but they need to bring her back.
People of this country need to understand the lie we ALL have been told before it really is to late.
Please be respectful to my comment.
If anyone has a question feel free to ask. Peace.
The entire western world is now fully controlled by corporate interests. In Canada most of our tax dollars is spent subsidizing corporations while all Canadians are just forever grossly over taxed. Eventually people will start protesting & this type of corruption leads to communism.
"Cuomo is corrupt. The New York democratic party is corrupt. Water is wet. The sun is hot."; Captain Obvious
Bill de Blasio is not a Socialist ! He's a so called ''Progressive'' (the re-branded new corporate Democrat aka ''Democratic Socialist'' epitomized in himself, Warren and Harris, and the bullshit conference they held in Burlington to the exclusion of real Socialists who are Anti-Imperialist).That's why! That's why there hasn't been any push towards social spending. Bernie needs to reconsider his current trajectory!
New York and New Jersey are the most corrupt states in the country. They're literally used for massive money laundering schemes. They know the people aren't really paying enough attention
A terrific presentation by Richard Wolff. Many thanks to the Real News and Ben Norton for bringing us such a clear and cogent explanation of this gigantic swindle.
And being Black Friday millions of people will be running to Amazon to buy things like they're the only place to buy things.
What is so great about Amazon in the USA? They have opened up in Australia but it is hopeless. Go to Ebay and you get a better choice. Is it because it has not got fully operational here or what?
Overall Australian Courier Services are as good as the USA and our Postal Services are superior and relatively cheaper.
Race ya to the bottom
OK so are we still pretending VT is some how this bastion of ethnic inclusivity and diversity? After they fecklessly allowed heir first female minority Representative to be threatened by neo-nazi's and racists – the police force or the legislature did nothing to protect her and her disabled husband from home invasions and racial intimidation, leaving her little recourse but to give up her seat in the House?
Hey Bezos! Thanks for showing us the greatness of "Free Market" !! Baa-Baa sheeps using your corrupt services thank you so much!!
Amazon shold pay big to have any facility any where. Governments no longer even pretend to represent the people. The reasons given for this insanity are old, tired, trickle down crap!!! We will all go the same way: climate change. Going so fast, can't be stopped, doesn't care what you think, Climate Change. The economy will collapse from the cost of natural disasters. Fires, floods, hurricanes, tornadoes, extreme cold, extreme heat: very costly. When the government says we are broke and we can't afford healthcare or Social Security, and the government is ending flood insurance and advising everyone to get more insurance for homes and properties, clearly they are planning to abandon the people entirely in times of disaster. The EARTH will be fine. WE are going away.
So…if you haven't figured it out yet, tax cuts aren't about giving breaks to the rich, it's about de-funding the government. This is the most devastating thing corporations are doing in order to kill Democracy in America. Fascism is taking hold.
Boycott these greedy pos! And hang whoever is giving are tax dollars away to em!
"Atlas Shrugged"
$ 100 billion net worth?! Richer than Puerto Rico… and other 200+ countries down the list (judging by nominal GDP).