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Elizabeth Warren: End Corporate Tax "Holidays" - YouTube
Channel: The Young Turks
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I START WITH GOOD NEWS, HERE
COMES ELIZABETH WARREN.
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JUST WHEN THE ESTABLISHMENT
WANTED TO SETTLE AND GET
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COMFY AND START MAKING DEALS.
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ESPECIALLY RIGHT AFTER THE
ELECTION, THE REPUBLICANS
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AND DEMOCRATS SAID OH THANK GOD,
NO ONE IS PAYING ATTENTION
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TO POLITICS ANYMORE.
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THERE IS NO ACCOUNTABILITY FOR
AT LEAST ANOTHER TWO YEARS.
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LET'S MAKE A DEAL.
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LET'S SERVE THE PEOPLE WHO WE
ACTUALLY SERVE, OUR DONORS.
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IF IT DOESN'T HAPPEN IN A LAME
DUCK SESSION, IT HAPPENS
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RIGHT AFTERWARDS.
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OFTENTIMES WHAT THEY PURSUE IS
AN ESTABLISHMENT AGENDA, A
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DONOR AGENDA, THE ONE
THEY WERE PAID FOR.
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SO, FIRST HUFFINGTON POST,
ANOTHER GREAT ARTICLE SETS
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IT UP, THEN I WILL BRING
ELIZABETH WARREN INTO IT.
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THESE GUYS HAVE BEEN RUNNING ALL
THESE SCAMS FOR A LONG TIME.
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SO THEY GO OVER TO IRELAND, AND
THE NETHERLANDS TO DO THESE
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TAX LOOPHOLES, AND NOW THEY HAVE
THEIR MONEY ABROAD BECAUSE
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THEY USE THOSE TAX LOOPHOLES.
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SO BACK IN 2004 THEY DID WHAT IS
CALLED A TAX HOLIDAY, WERE
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THEY PAID IN THE BALLPARK OF 5%.
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DON'T YOU WANT A TAX HOLIDAY
LIKE THAT?
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ME TOO.
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I WOULD ALSO LIKE TO ABUSE TAX
LOOPHOLES, KEEP MY MONEY
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ABROAD UNTIL I CAN NEGOTIATE
WITH YOU, AND THEN GETTING
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MUCH LOWER TAX RETURN.
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THAT IS BUSINESS AS USUAL.
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THAT IS WHAT THEY
WANT TO DO AGAIN.
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IT DOESN'T MATTER WHAT KIND
OF PRESIDENT THERE IS.
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RIGHT NOW THE CLINTON TEAM SEEMS
LIKE THEY ARE READY TO GO
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IN THAT DIRECTION.
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BACK IN 2004 WHEN WE DID IT, DID
WE CREATE ANY NEW JOBS?
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NO.
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THEY DIDN'T CREATE ANY NEW JOBS,
THEY JUST PUT THE MONEY IN
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THEIR POCKETS.
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THEY ARE ALLOWED TO PUT MONEY IN
THEIR POCKETS IF THEY ARE
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MAKING PROFITS.
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GOD BLESS, THAT IS CAPITALISM.
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WHAT WE ARE SAYING IS WE HAVE
ALL LEGALLY AGREED THAT
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THERE IS A CERTAIN TAX RATE.
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YOU ARE NOT ALLOWED TO GO
AROUND THAT TAX RATE.
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IF YOU DO, THAT IS TAKING FROM
ALL OF THE REST OF US
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BECAUSE IT PUTS A TAX BURDEN ON
THE REST OF US UNFAIRLY.
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THAT IS THE PROBLEM.
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YOU MAKE PROFITS, GREAT.
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PAY TAXES ON IT AND
YOU MOVE FORWARD.
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BUT THEY DON'T WANT TO DO
THAT, THEY WANT TO CHEAT.
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THAT IS WHEN THEY NORMALLY
WOULD HAVE THE REPUBLICAN
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DEMOCRATIC PARTY STEP UP
AND SAY, YES SIR.
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DO YOU
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KNOW WHAT THAT MEANS?
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THE CORPORATE DEMOCRATS AND
REPUBLICANS HAVE DECIDED WE
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ARE GOING TO MAKE A DEAL, AND
OUR DONORS ARE GOING TO GET
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SUPER RICH.
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AND ALSO OUR THOUGHT OUT MEDIA
WILL GIVE US A PAT ON THE BACK.
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I AM GOING TO SHOW YOU THE
DEGREE TO WHICH WE HAVE
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BEEN ROBBED OVER THE YEARS.
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IT IS NOT EMPTY TALK, IT IS
ABSOLUTE FACT THAT I CAN
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SHOW YOU IN NUMBERS.
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HUFFINGTON POST EXPLAINS.
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SO, HERE COMES WAR.
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ABSOLUTELY RIGHT, AND THAT
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IS
WHAT REALLY GETS UNDER
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THEIR SKIN.
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WHEN YOU ARE RIGHT [VIDEO
BUFFERING] MONEY FOR THEIR
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CAMPAIGNS FOR THE HOUSE OF
REPRESENTATIVES, GOING
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BEHIND THE SCENES TO THE
BANKERS WHO ARE THERE DONORS,
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SAYING DON'T WORRY, SHE WON'T
CAUSE ANY PROBLEMS WE PROMISE.
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SO WHEN SHE THROWS A MONKEY
WRENCH INTO THAT SYSTEM, IT
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DRIVES THEM NUTS.
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YOU SHOULD LOVE IT BECAUSE THAT
IS WHAT YOUR
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REPRESENTATIVES ARE SUPPOSED TO
DO, REPRESENT YOU AND NOT
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THE BANKERS AND ALL THESE
MULTINATIONAL CORPORATIONS.
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BY THE WAY THERE IS NO SUCH
THING AS CORPORATE AMERICA,
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THEY ARE OWNED BY SHAREHOLDERS
FROM ACROSS THE WORLD.
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THEY ARE ALL MULTINATIONAL
CORPORATIONS, AND THEY ARE
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MACHINES.
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THEY ARE NOT
EVIL, THAT IS SILLY.
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BUT THEY ARE ALSO NOT
MORAL OR PATRIOTIC.
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SO WHEN POLITICIANS SAY THINGS
LIKE THEY WILL DO PATRIOTIC
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THINGS IN BRING JOBS HOME TO
AMERICA, THEY ARE LYING
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THROUGH THEIR TEETH.
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THEY ARE GETTING PAID BY THOSE
MACHINES TO SPEW THOSE LIES.
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THAT IS WHAT CAMPAIGN DONATIONS
ARE FOR, AND ALL THE
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LOBBYING IS FOR, TO BUY ALL
THOSE POLITICIANS TO TALK
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ABOUT CORPORATE AMERICA AND
HOW PATRIOTIC IT IS.
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THAT IS ABSOLUTE NONSENSE.
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UNDERSTAND THE DEAL THAT THEY
WOULD WORK ON, PRETEND IT
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IS A WONDERFUL BIPARTISAN
COMPLEMENT.
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THAT IS THE WHOLE POINT.
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YOU THINK THOSE LOOPHOLES
ARE NOT COMING BACK?
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THEY ALWAYS COME BACK.
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THIS IS A TRICK TO LOWER
CORPORATE TAXES, AND
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REINSERT THE LOOPHOLES LATER.
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THEY THINK NO ONE IS
PAYING ATTENTION.
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NUMBER ONE, IT SHOULD BE REVENUE
NEUTRAL IN THE FIRST PLACE.
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WE SHOULD GET BACK TO SANITY
AND HAVE EVERYONE PAY THEIR
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FAIR SHARE OF TAXES, INCLUDING
THE CORPORATIONS.
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SECOND OF ALL, YOU THINK WE
DON'T KNOW THAT YOU'RE
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GOING TO PUT THE
LOOPHOLES BACK IN?
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YOU HAVE DONE A YEAR AFTER YEAR.
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ALL YOU DO IS LOWER TAXES ON THE
RICH AND CORPORATIONS, AND
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SHIFT THE TAX BURDEN ONTO US.
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LET'S LOOK AT THESE CHARTS.
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I HAVE SHOWED YOU THIS MANY
TIMES BECAUSE I THINK IT
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TELLS A HUGE STORY, AND I LOVE
THAT FINALLY OTHERS ARE
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JOINING THIS MOVEMENT.
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ELIZABETH WARREN HAS BEEN
GREAT, BUT THIS IS WHAT SHE IS
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REFERRING TO, WHAT I HAVE SHOWN
YOU FOR YEARS ON THIS PROGRAM.
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BACK IN 1952 WORK CORPORATIONS
PAYING 32.1% ABOUT TAXES.
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NOW, 2015,
THEY ARE DOWN TO 10.8% TAXES.
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THEY SHIFTED THE
BURDEN ON TO YOU.
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THE OTHER PART OF THIS
IS REALLY IMPORTANT.
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BACK IN 1952, WHAT THE
REPUBLICANS CALLED THE GOLDEN
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AGE OF AMERICA, SOCIAL INSURANCE
AND RETIREMENT WAS 9.7%.
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THAT IS THE PAYROLL TAX THAT
IS THE MOST REGRESSIVE.
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THE POOR, AND THE MIDDLE CLASS
PAY A HIGHER PERCENTAGE OF
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THEIR TAXES THAN THE RICH DO.
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THE RICH But AT A CERTAIN POINT,
AND TO PAY ANYMORE AFTER
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THAT NUMBER.
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THAT WAS 9.7%, NOW IN 2015 IT'S
33.5% OF THE TAXES BEING PAID.
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DO YOU SEE WHAT THEY DID THERE?
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WHETHER YOU ARE A DEMOCRAT OR
REPUBLICAN, AND YOU FEEL
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LIKE THE SYSTEM IS CHEATING YOU,
YOU ARE ABSOLUTELY RIGHT.
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THEY SHIFTED THE TAX BURDENS
FROM THE CORPORATIONS, WHO
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COULD PAY IT.
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IT'S A SIMPLE MATTER OF MATH.
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THEY SAID LET'S JUST BRIBE THE
POLITICIANS, AND WE WILL
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GET THE SUPREME COURT TO MAKE
THAT BRIBERY LEGAL.
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BY THE WAY THIS IS WRITTEN ON A
1971 MEMO BY RICHARD POWELL.
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HE SAID THE NUMBER ONE THING
WE SHOULD DO IS PACK THE
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SUPREME COURT SO THAT THEY CAN
MAKE ALL OF THIS LEGAL FOR US.
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DO YOU KNOW WHAT
RICHARD NIXON DID?
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HE SAID NICE MEMO, YOU ARE NOW
ON THE SUPREME COURT.
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LEWIS POWELL, THE DECIDING VOTE
IN THE SOUP IN COURT CASES
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THAT BASICALLY WAY BEFORE
CITIZENS UNITED SAID YES,
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CORPORATIONS, GO AHEAD GIVE CASH
TO THE DEMOCRATIC PARTY.
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IT HAD A GIANT, TRILLIONS OF
DOLLARS WORTH OF AFFECTED.
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THEY TOOK ALL THAT TAX BURDEN
AND PUT IT RIGHT ON YOUR BACK.
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NOW WHEN YOU SAY HEY, STOP IT 帽
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RIGHT NOW IT IS NOT EVEN ROLLING
帽 ALL WE ARE SAYING IS PAY
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THE SMALL AMOUNT OF TAXES YOU
ARE PAYING NOW, THEY SAY NO.
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I WANT IT REDUCED EVEN FURTHER.
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NOW FINALLY WE HAVE AT LEAST
ONE SENATOR WHO WAS ON OUR
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SIDE, ELIZABETH
WARREN IS SAYING NO.
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IN THIS CASE LITERALLY,
THE BUCK STOPS HERE.
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I KNOW THESE TRICKS, I AM GOING
TO CALL THEM OUT, AND THAT
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IS WHY BANKERS AND
LOBBYISTS HATE ME.
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MAYBE ALL OF WASHINGTON
HATES ME.
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BUT WE DON'T, THAT IS WHY SHE
IS ENORMOUSLY POPULAR.
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DO YOU WHO SCORES REALLY
WELL AMONG REPUBLICANS?
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THE MAINSTREAM TELLS YOU
ELIZABETH WARREN IS A 帽
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LIBERAL WING.
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EXCEPT POLLING
SHOWS YOU THE EXACT OPPOSITE.
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BERNIE SANDERS WAS CRUSHING
DONALD TRUMP EVEN BEFORE HE
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RAN INTO IT TO ANY OF THE
PROBLEMS HE HAD WITH THE TAPES.
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HE WOULD'VE BEAT DONALD TRUMP,
ACCORDING TO POLLING.
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HE WOULD'VE DONE MUCH BETTER.
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THIS IS NOT ABOUT
REVISIONIST HISTORY.
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I AM JUST TELLING YOU THAT THE
AMERICAN PEOPLE ARE NOT AS
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STUPID AS YOU THINK THEY ARE.
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THEY KNOW THE SYSTEM GOT
RIGGED AGAINST THEM.
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NOT IN TERMS OF VOTER FRAUD IN
THE GENERAL ELECTION IN THE
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WAY THAT TRUMP TALKS ABOUT IT.
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BUT THIS IS HOW YOU ACTUALLY
RIGGED THE SYSTEM.
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THAT IS WHY BERNIE SANDERS WAS
UNPOPULAR BECAUSE HE DID SO
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WELL WITH INDEPENDENCE.
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THE ONLY PERSON WHO DID BETTER
WHEN THEY DID FOCUS GROUPS
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AND ASKED A WHOLE RANGE OF
DEMOCRATS, THE PERSON WHO SCORED
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THE BEST AMONG REPUBLICANS
WAS ELIZABETH WARREN.
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DO YOU KNOW WHY?
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BECAUSE FINALLY THAT SEEMS TO BE
SOMEONE THAT ISN'T SELLING
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US OUT.
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WELL THE SUPER RIGHT-WING BE IN
FAVOR OF ELIZABETH WARREN?
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OF COURSE NOT.
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BUT SHE WINS
OVER SO MANY INDEPENDENTS.
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AND SHE WINS OVER SOME SEMBLANCE
OF FRUSTRATED REPUBLICANS.
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AND FINALLY BACK TO WARREN G
WITH A CLOSING STATEMENT.
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THAT IS THE REALITY, WE ARE
DONE WITH CUTTING TAXES FOR
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CORPORATIONS.
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SHE WILL HAVE TO FIGHT THE
ENTIRE WASHINGTON ESTABLISHMENT.
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BUT AT LEAST WE HAVE A
FIGHT ON OUR HANDS.
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BEFORE THEY WOULD'VE DONE IN THE
MIDDLE OF THE NIGHT IN THE
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CORPORATE MEDIA WOULD'VE JUST
APPLAUDED, AND WE WOULD OF
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BEEN DONE WITH IT.
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NOW, GAME ON.
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YOU WANT TO GO TO WARREN?
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LET'S GO FOR IT.
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AT LEAST NOW WE HAVE SOMEBODY IN
OUR CORNER, AND MY GUESS IS
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THERE WILL BE A COUPLE OF
SENATORS, INCLUDING BERNIE
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SANDERS WHO WILL BACK THIS
CAMPAIGN, AND WE HAVE A
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REAL CONTEST ON OUR HANDS.
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BY THE WAY, NOW BECAUSE OF THE
INTERNET THE CORPORATE
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MEDIA DOES NOT GET TO
CONTROL ALL OF THE MEDIA.
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LET'S HAVE AT IT, WE HAVE THE
NUMBERS AND FACTS ON OUR
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SIDE, ALL YOU HAVE IS
PROPAGANDA.
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