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Economic Update with Richard D. Wolff

Capitalism and Tax Injustice

Economic Update with Richard D. Wolff

Democracy at Work

Coops, Economics, Economy, Workercooperative, Capitalism, Politics, News, Government

4.81.9K Ratings

🗓️ 20 February 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

[EU S14 E07] Capitalism and Tax Injustice

This week's episode of Economic Update hosted by Professor Richard Wolff, we discuss Germany's recession, California fast-food workers unionize, How the war in Ukraine boosts US stock market, corporate stock holdings, while hurting most wage/salary incomes, In addition we ask what lessons from the protest/revolt of European farmers? Finally, the ongoing exposing of major injustices of the US federal tax system (tax exemptions for schools, churches, hospitals, and charities and social security's flat tax system) If you haven't already, please subscribe to our channel, follow us on social media and of course be sure to sign up on our website: democracyatwork.info And as always, we thank for your attention, support and solidarity. The d@w Team

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Transcript

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0:00.0

Welcome friends to another edition of Economic Update, a weekly program devoted to the economic

0:16.7

dimensions of our lives and those of our children. I'm your host, Richard Wolf.

0:23.2

As usual, I want to begin by reminding you that our friend and volunteer, Charlie Fabian,

0:30.0

is a waiting word from you by email.

0:33.6

If you have topic, suggestions, documents,

0:37.4

that might be of interest and use to us

0:39.6

in formulating the segments that comprise this show.

0:44.6

Here is Charlie's email and he is grateful as we all are

0:49.6

for what you have been sending in,

0:51.8

which far exceeds what we expected when we started this little

0:56.0

small aspect of our project.

0:58.8

Charlie. info438. gmail.com once again Charlie spelled chr a l ir l i e charlie dot dot info 438 at gmail.com.

1:17.6

Today's program is going to be talking about the economy of Germany and all that it means for Europe and therefore the world.

1:25.0

Organizing success among low-paid workers in California.

1:30.0

What the war in Ukraine has meant to the stock market versus what it has meant to you and me?

1:37.0

And the mass movement of protests of European farmers, we don't give enough attention to agricultural work and work

1:46.4

conditions, neither in this country nor in many others. So this was a chance to make up for that deficit by talking about a remarkable

1:56.4

movement across the continent of Europe, led and mobilised by the farmers in those countries.

2:04.1

And in our second half we will continue what we began last week,

2:08.8

which is a survey of some of the more egregious, unjust, unfair aspects of the tax code of the United States

2:19.3

now that we are heading into the annual tax-paying season.

2:24.4

Okay, let's start.

...

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