Report: New Data Disproves US Corporations’ False Narrative on Taxes

Naked Capitalism has the article Report: New Data Disproves US Corporations’ False Narrative on Taxes.

While the statutory tax rate on corporate income is 35 percent, estimates of the rate corporations actually pay put the effective rate at about half the statutory rate. Driving this divergence between what corporations are supposed to pay and what they actually pay is a combination of offshore profit shifting and tax avoidance. Multinational corporations pay taxes on between just 3.0 and 6.6 percent of the profits they book in tax havens.

The false narrative is also a mainstay of the Republicans and the Libertarians. The Libertarians have even developed and nice, internally consistent philosophy that has only one problem. The facts don’t support their beliefs.

Corporate revenue is way up and their taxes are way down.

The title of the original article from American’s For Fair Taxes is actually Corporate Tax Chartbook: How Corporations Rig the Rules to Dodge the Taxes They Owe.


500 million Yahoo accounts breached   Recently updated !

USA Today has the article 500 million Yahoo accounts breached.

Most consumers might not think there’s much in their Yahoo account that would be of use to hackers, which typically might only include their email and Yahoo password. However, those two bits of information offer multiple uses for ingenious hackers bent on extracting the maximum value from information, say experts.

Of course this article was not written by a person with any computer security knowledge so it can be forgiven if it says dumb things. Let us just hope this is a dumb thing invented by the author of the article and not something Yahoo actually does.

Only the most naive, untrained, and untalented software engineer would ever store people’s passwords anywhere on their computer systems or anywhere else in the world. I won’t go into the details, but once Yahoo receives your encrypted password from a form you fill out in your browser and they do what they have to with it, both the encrypted and unencrypted versions of the password should be wiped from existence. Once wiped, Yahoo should have no knowledge of what your password is. That is why they should not be able to send your password to you if you forget it. If any site ever sends your permanent password to you, then you know that they are security idiots.

So the only passwords that a hacker could steal are the ones that users were foolish enough to put in an email or some other document they stored on Yahoo. So let this be a lesson to you. Don’t ever write down your passwords on a piece of paper, or in a computer file, or in an email, or any other analog or digital medium. Also, don’t ever use the same password twice (or more).


An unknown state may be running drills for taking down the entire internet   Recently updated !

Extreme Tech has the article An unknown state may be running drills for taking down the entire internet.

Read the article to see why the following excerpt is so significant.

The Russian government seems to be looking into the feasibility of making do with a Russian-bloc-only intranet with only semi-porous connections to the larger online world. If it did manage to implement such a system, cutting off the global internet would be far less harmful to their own interests. In China the process is even further along, as the country continues to pioneer frankly incredible technologies and procedures to further lock down the internet. What has once been dismissed as a fool’s errand is now a reality: the highly regulated, deeply censored Chinese internet is here, and it is well on its way to being able to make do without the corrupting cyber-influence of outside thoughts.

Would you like either a Trump or a Clinton to take us to the final world war over something like this? Or would you rather have a president that would look for a solution that did not entail the destruction of the world? The candidate that comes to my mind is Jill Stein. There comes a point when we can’t depend on bluster and threats any more. Don’t discount the possibility that the unknown state in the title of the article could be the USA.


Jill Stein: Let’s Get Out The Vote In The South

The Stein campaign does not make it easy, but here is an email that I received that I would like to share. It explains some of the reasons why it is important that Jill Stein get votes even if she cannot win.

Also remember the lesson of Ralph Nader in the 2000 election. If enough of us had voted for Nader to actually cause Al Gore to lose the election in 2000, then the Democratic Party of 2016 would never have dared foist Hillary Clinton on us in 2016.

If Jill Stein can get a vote that is bigger than the normal margin between the candidates of the two major parties, in the next election the Democratic Party will have to think twice before nominating another very disliked candidate.

If Jill Stein cannot get a significant number of votes, then the message to the Democrats is that they can safely choose whomever the corporate donors want, and we will blindly follow.

Request to get out the vote in the south


Erica Chenoweth – Why Civil Resistance Works: Nonviolence in the Past and Future

Here is an amazing YouTube video Erica Chenoweth – Why Civil Resistance Works: Nonviolence in the Past and Future.

A Rockefeller & Dickey Center Lecture by Erica Chenoweth, Asst. Professor of Government & Founder, Program on Terrorism & Insurgency Research, Wesleyan University

Professor Erica Chenoweth will discuss her book, co-authored with Maria Stephan, Why Civil Resistance Works: The Strategic Logic of Nonviolent Conflict, which argues that between 1900 and 2006, campaigns of nonviolent resistance were more than twice as effective as violent insurgencies. Nonviolent resistance presents fewer obstacles to moral and physical involvement, information and education, and participator commitment, leading to enhanced resilience, a greater probability of tactical innovation, increased opportunity for civic disruption, and shifts in loyalty among opponents’ erstwhile supporters. Moreover, nonviolent resistance movements tend to usher in more durable and internally peaceful democracies.


There is just an amazing amount of information to learn from this video. All Jill Steinn supporters need to watch this video. You will get more out of this than anything Bernie Sanders could tell you.


Bill Black Exposes The Real Wells Fargo Story

New Economic Perspectives has the article NEP’s Bill Black appears on The Monitor.

NEP’s Bill Black talks with Mark Bebawi – host of The Monitor on KPFT in Houston. The topic of conversation is the Wells Fargo scandal and the settlement. You can listen to the podcast here.

You should hear Bill Black’s characterization of Elizabeth Warren’s vaunted Consumer Financial Protection Bureau (CFPB). I am coming to the conclusion that Elizabeth Warren plays the part of the useful fool in this charade. I don’t know how much of the information in this audio interview was discussed in the Senate Banking Committee hearings that came a day after this interview. All I saw was a video clip of Elizabeth Warren going through her usual tirade that always leads to no further action.

USA Today has some clips of Warren’s performance in the article Elizabeth Warren laid the smackdown on Wells Fargo CEO.


Owen Jones meets Ha-Joon Chang | The economic argument against neoliberalism   Recently updated !

The Guardian has the interview clip Owen Jones talks to Ha-Joon Chang: ‘austerity is based on lies’ – video interview.

The full interview is on YouTube Owen Jones meets Ha-Joon Chang | The economic argument against neoliberalism. That full addition is embedded below.

Ha-Joon Chang is a professor of economics at Cambridge University and a best-selling international author. I asked him to provide an argument against much of today’s prevailing economic thought. Isn’t austerity necessary? Do we have capitalism for the rich and socialism for the poor? Is taxation theft? Does welfare encourage laziness and fecklessness? What’s wrong with inequality? And can we defeat neoliberlism?


The more ways you hear this explained the more likely you are to get it. The accent may get in the way for some of you to understand as well as you might otherwise. Ha-Joon Chang also has a web site. He has also written very understandable books.


‘Quantum teleportation’ breakthrough by DARPA-funded physicists   Recently updated !

Ironically it is RT that has published this article ‘Quantum teleportation’ breakthrough by DARPA-funded physicists

I have read books on quantum entanglement, but I have always had the nagging doubt that there was something about this that was escaping me.

Explanation of the use of quantum entanglement for teleportation

This is the best explanation I have seen. The explanation that accompanies the cartoon is necessary to complete the understanding. It is not until the Alice tells Bob what the state of his photon will be that any real information is passed at a distance. So the secret that Alice tells the Bob is the state of the Bob’s photon. The fact that Bob can verify that what Alice said is true, is the accomplishment in this experiment. Of course, since there were only two choices, the Alice had a 50% chance of being right even if she had not known the correct answer. It would take a significant string of right answers before the level of trust could be established with enough confidence.

By the way, I think some of the details in the cartoon explanation are a little off, but the gist of it is correct.