photo credit: cdsessums Daniel Kocieniewski reports in the NY Times on how the US oil industry is using tax havens to avoid repaying the community for the privilege of mining the earth for all it’s worth. Kocieniewski reports that the oil and natural gas industry has spent US $340 million on lobbyists since 2008 for a $4 billion annual saving … Read More
Hudson on China’s Export Irrelevance
photo credit: JosephLeonardo Renegade Economists podcast Professor Michael Hudson discusses the G20 plans (austerity for prosperity), natural monopolies as wealth extracting machines and China’s possible isolationist future in light of its increasingly useless trade surplus. Listen here Music by Lucky Dragon
Artists sick of living on borrowed time & borrowed land
The Anti-Gentrification Festival, held in conjunction with Craft Cartel, kicked off on Sunday at The Birmy. Highlights included a talk from Earthsharing’s Karl Fitzgerald about land tax reform, a highly professional lagerphone making workshop directed by Alica Bee (she was colour coordinating the bottle-caps, this lady takes her lagerphone making VERY seriously) and a surprise performance by legendary poet Pi-O. … Read More
What Can’t Be Hidden from Revenue
Phillipe Legrain First published in The Times as Tax land: it can’t be hidden from the Revenue Filling the gaping hole in the Government’s finances is, in George Osborne’s words, the “great national challenge of our generation”. Unwise spending cuts and tax rises could sap economic growth; unfair ones provoke political unrest; inaction a market panic. Faced with a national … Read More