When people talk about how well we did with young people, clearly one of the reasons for that was our success with social media… If corporate media won’t change, and they won’t, start new media. The Internet offers revolutionary prospects. The future is in your hands. Let’s get to work. -Bernie

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When people talk about how well we did with young people, clearly one of the reasons for that was our success with social media... If corporate media won’t change, and they won’t, start new media. The Internet offers revolutionary prospects. The future is in your hands. Let’s get to work. -Bernie submitted by /u/Chartis
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SandersForPresident: search results – bernie

Why cutting taxes for corporations is bad economics.

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Cutting taxes for corporations is bad economics.

Corporations benefits immensly from many government services, they should help pay for them. From a moral perspective, cutting corporate taxes is moral indefensible. Cutting Corporate taxes means dramatically lower taxes for rich people since their income often comes from corporate stocks and dividends. Further the redistributive effects are huge, lower corporate taxes means cuts to the safety net and tax increases on the middle class. Thus lower corporate taxes even if one takes into account higher job creation (which is untrue) overall is a net negative to the middle class and working class and funnels money to the rich.

Corporations often use their income for stock buybacks, and mergers and aquistions. Also we want to make sure corproations make their money from productivity not rents, that is why we should tax the rents. Finnally when we had higher taxes, corporations used invest more, not less since we put incentives through deductions to invest.

Land should be taxed at 100% of its value, since it is unearned income and taxing it causes no distortions to the economy. So can other rents like monopoly, natural resources and excessive ip laws. Thus the optimal tax theory of 0% tax on corporations is false because it treats all capital as derived from productivity enhancing capital investment since the neoclassical fails to account for income generated from rents. Essentially pro corporate nonsense.

quote from Mason Gaffney: Corporations are major landowners. Retail chains, forest holders, mineral firms, office owners, mall owners, hotel chains, land developers, fast-food chains and gasoline chains with parking aprons on prime corners, spectrum licensees, and agribusiness giants are a few among many one might list. When the land values rise, the shares rise.

Quote from Mason Gaffney: Probably the largest source of stock gains is corporate saving. Corporations routinely squirrel away or“plow back” half or more of their profits to increase their assets. They may acquire new assets; or simply buy back some of their own stock. Either way, it is to convert their shareholders’ ordinary income (dividends) into capital gains, to lower the shareholders’ taxable personal income. Capital gains are taxed, if taxed at all, at a lower rate; not taxed until sale; and forgiven forever on the death of the personal owner.NIPA reports two savings rates: “personal” and “national.” The “personal” rate is the one near zero, cited in the opening paragraph above. The “national” rate includes corporate saving and government saving. This “national” rate is much higher: corporations do most of our saving.

Finnally this quote from Mason Gaffney about corporate savings: . Does saving alone create capital? We know we must save the seed corn, that is basic and proverbial. However, capital formation depends on investing as much as, maybe more than, on saving. Corporations that sock away profits, or spend them to acquire and retire competitors and downsize their workers are not adding to national income, production, or wealth. Foreigners who buy U.S. mortgages, real estate, bonds, and extant securities are not, either. What we need is a high rate of return (ROR) on real net investing. That means productive, active, income-creating investing, actually paying workers to produce new capital (or other goods and services), as opposed to just buying land, or swallowing competitors.

Source: http://www.masongaffney.org/essays/Americas_Low_Savings_Rate_8-9_2005.pdf.

Overall cutting taxes for corporations is bad economics. Taxes should be increased back to 40%.

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SandersForPresident: search results – self:yes

Chevron dumping in the Amazon forest

Dear friends,

Oil giant Chevron dumped billions of gallons of deadly chemicals in the Ecuadorian Amazon, leaving behind rivers full of toxic waste, decimating wildlife and spreading cancer and death in indigenous communities.

They've never cleaned it up! But Chevron's impunity could finally end if we persuade just one man to do the right thing.

Chevron's top stockholder is a US retirement fund whose chair has challenged corporate abuse before, and his customers are part of this community! If we flood him with support in the next 48 hours he could tip a historic vote — at Chevron's shareholder meeting in days. Add your name now:

Join the Call for Justice for the Amazon's Chernobyl

The battle between Chevron and Ecuador’s indigenous people has been waged for decades, becoming a landmark case globally. Over 20 judges in Ecuador and Canada, including the Supreme Courts of both countries, have sided with the Ecuadorians in their pursuit to hold Chevron to account for dumping toxic waste in the water that people drink.

A win against Chevron could open a new era where major corporations are finally held accountable for their crimes.

That's where investor powerhouse Vanguard and its powerful chairman comes in. Vanguard owns a large share of Chevron, and has just recently voted against management on climate-related resolutions at ExxonMobil, criticising executive pay at Viacom and pushing big banks on gender diversity. With Chevron's shareholder meeting in days, over 30 major investors are already calling on the company to settle the case.

Vanguard Chairman Jim McNabb is a father of four who's spoken out against injustice before. Getting him on board could tip the balance toward a majority vote against Chevron’s recalcitrant management! Add your name now and we'll deliver our appeal directly to the chairman, right before the meeting:

Join the Call for Justice for the Amazon's Chernobyl

Avaazers have campaigned against Chevron before, delivering letters to US senators, and filing legal briefings in court cases with partners. This is an incredible opportunity to get Chevron to finally clean up its toxic mess … and open up a new era of investor-driven social change!

With hope and determination,

Joseph, Pascal, Anneke, Diego, Mojgone, Emma, Ricken and the entire Avaaz team.

Shareholders Push New Chevron CEO For Answers on Ecuador http://csrstrategygroup.com/shareholders-push-new-chevron-ceo-for-answers-on-ecuador/

In the Vanguard: Fund giants urge CEOs to be 'Force for Good' https://www.ft.com/content/a28203d8-067d-11e8-9650-9c0ad2d7c5b5

Investor Letter on Risks from Ecuador Litigation: http://www.newground.net/Chevron-Investor-Letter-2018.pdf

Exxon Mobil loses support of a powerful voice in climate change policy https://www.cnbc.com/2017/08/31/investing-power-vanguard-votes-against-exxon-mobil-on-climate-change.html

Chevron’s “Amazon Chernobyl” in Ecuador: The Real Irrefutable Truths About the Company’s Toxic Dumping and Fraud (Huffington Post) https://www.huffingtonpost.com/steven-donziger/chevrons-amazon-chernobyl_b_7435926.html

Avaaz is a 46-million-person global campaign network that works to ensure that the views and values of the world's people shape global decision-making. ("Avaaz" means "voice" or "song" in many languages.) Avaaz members live in every nation of the world; our team is spread across 18 countries on 6 continents and operates in 17 languages. Learn about some of Avaaz's biggest campaigns here, or follow us on Facebook or Twitter.

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SandersForPresident: search results – self:yes

Bernie Sanders was the most popular Democratic candidate at several points during the presidential primary.

It's a shame it was harder to get our message out due to mainstream media's bias coverage. We have to keep exercising our voices, strengthening our engagement, and developing progressive media.

Bernie Sanders +1 March 24th 2016

Bernie Sanders +1 April 7th 2016

Bernie Sanders +2 April 6th 2016

Bernie Sanders +3 February 18th 2016

General: Bernie +20 v Trump

When people talk about how well we did with young people, clearly one of the reasons for that was our success with social media.

Media is about what is not covered. The more important the issue is to large numbers of working people, the less interesting it is to corporate media. Issues being pushed by the top 1% get a lot of attention. My candidacy, alone, accounted for the majority of attention that network Sunday news shows paid to poverty, one of the great crises facing the nation. National television coverage ignores the reality of important parts of American life. Corporations have an agenda that serves their bottom line. In fact, that’s the reason for their existence. The largest media corporations are themselves owned by even larger conglomerates that have their own particular set of economic interests.

The extraordinary power of the multinational corporations provides billions of dollars a year in advertising revenue to the corporate owners of the media. These powerful corporations have an agenda. Six corporations control 90% of what we see, hear, and read. This is outrageous, and a real threat to our democracy. Those six corporations are Comcast, News Corp, Disney, Viacom, Time Warner, and CBS.

I received 46% of the pledged delegates, won twenty-two states, and lost some states by a few votes. In other words, we had a significant amount of support from ordinary people. On the other hand, I did not win 46% of the endorsements from the print establishment and the leading newspapers in the country. In fact, I won only one. I was very proud to have received the endorsement of The Seattle Times.

The political revolution, our revolution, must continue. Stay involved and get your friends involved. Run for the school board, city council, state legislature. Run for governor. Run for Congress. Run for the Senate. Run for president. Hold your elected officials accountable. Know what they’re doing and how they’re voting—and tell your neighbors. But transforming America is more than just elections. It’s about changing our culture.

Demand that the media focuses on the real issues facing our nation and the world, not just political gossip. And if corporate media won’t change, and they won’t, start new media. The Internet offers revolutionary prospects.

The future is in your hands. Let’s get to work.

-Bernie Sanders, Our Revolution – A Future to Believe In [Edited]

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SandersForPresident: search results – bernie