Helen of Marlowe's Blog

US Uncut – Coming Soon to a City near You

Posted in Economy, Government Politics by helenofmarlowe on March 2, 2011

US Uncut!

As everyone in the house that night will attest, I got pretty excited when I read about UK Uncut in the January 21 issue of The Nation.   I fervently hoped this movement would cross the ocean.
To summarize (and oversimplify) the article (read Johann Hari’s article in The Nation!),  UK Uncut began when a group of British citizens in a pub wondered why the new Conservative government in Britain is imposing the most extreme cuts to public spending since the 1920s.  Among their many observations was this:  All the cuts in housing subsidies, driving people out of their homes, are part of a package of cuts to the poor, adding up to 7 billion pounds. Yet one of Britain’s leading cellphone firms, Vodafone, owed an outstanding bill of 6 billion.
So if this one company had been made to pay its taxes, these people would not have been forced out of their homes.
These people announced a national day of protest, and soon, so many British citizens were staging protests that several Vodaphone stores were shut down.   My favorite line in this story:

“Prime Minister David Cameron wants axed government
services to be replaced by a Big Society, in which volunteers
do the jobs instead.  So UK Uncut announced it was the Big
Society Tax Collection Agency.”

The movement has indeed jumped over the ocean.  See http://usuncut.org/

In the US, $100 billion annually is lost because of corporations putting their money into offshore tax havens.   Instead of cutting funds to schools and libraries and CPB, why not just collect the  $100 billion owed to the US by corporations.

One thing you may not know, if you get your news from mainstream media (or from Fox Broadcasting, heaven forbid) — or even from NPR, which has now become dependent upon corporate sponsors — is that in Wisconsin, Governor Scott Walker — who has been in office only five weeks! — inherited a state budget surplus.  In five weeks  Governor Walker  turned the surplus into a deficit.

The governor called a special session of the state legislature and signed business tax breaks  that lower  tax revenues.  These tax breaks were not offset, and this helped turn a surplus into a deficit.  As Brian Beutler  writes in Talking Points Memo, “public workers are being asked to pick up the tab for this agenda.”  These acts by Governor Walker  turned Wisconsin’s surplus into a deficit.

Now this quote comes not from a liberal source, but from the respected financial publication  Bloomberg Businessweek:

Walker and other Republican leaders in the state have made a big deal of the “gold-plated pensions” of state workers, yet median state and  local pensions in Wisconsin are less than $23,000. Fewer than 2 percent receive pensions of $100,000, the threshold bantered around in the ress as commonplace. These pensions are most likely the managers and top administrators, as well as senior police and firefighters, who, coincidentally, are excluded from Walker’s draconian legislation.

According to the non-partisan Government Accountability Office, 83 of the top 100 publicly traded corporations that operate in the US exploit corporate tax havens. Since 2009, America’s most profitable companies,  including Exxon, GE, and Bank of America such all paid a grand total of $0 in federal income taxes to Uncle Sam.

I hope this movement swells beyond containment.   I will not start a chapter in Winston-Salem, but if one does form I will join it.


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