8 Headlines the Mainstream Media Doesn’t Have the Balls to Print

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Paul Buchheit 
RINF Alternative News

The following are all relevant, fact-based issues, the “hard news” stories that the media has a responsibility to report. But the business-oriented press generally avoids them.

1. U.S. Wealth Up $34 Trillion Since Recession. 93% of You Got Almost None of It.

That’s an average of $100,000 for every American. But the people who already own most of the stocks took almost all of it. For them, the average gain was well over a million dollars — tax-free as long as they don’t cash it in. Details availablehere.

2. Eight Rich Americans Made More Than 3.6 Million Minimum Wage Workers

A recent report stated that no full-time minimum wage worker in the U.S. can afford a one-bedroom or two-bedroom rental at fair market rent. There are 3.6 million such workers, and their total (combined) 2013 earnings is less than the 2013 stock market gains of just eight Americans, all of whom take more than their share from society: the four Waltons, the two Kochs, Bill Gates, and Warren Buffett.

3. News Sources Speak for the 5%

It would be refreshing to read an honest editorial: “We dearly value the 5 to 7 percent of our readers who make a lot of money and believe that their growing riches are helping everyone else.”

Instead, the business media seems unable to differentiate between the top 5 percent and the rest of society. The Wall Street Journal exclaimed, “Middle-class Americans have more buying power than ever before,” and then went on to sputter: “What Recession?…The economy has bounced back from recession, unemployment has declined..”

The Chicago Tribune may be even further out of touch with its less privileged readers, asking them: “What’s so terrible about the infusion of so much money into the presidential campaign?”

4. TV News Dumbed Down for American Viewers

A 2009 survey by the European Journal of Communication compared the U.S. to Denmark, Finland, and the UK in the awareness and reporting of domestic vs. international news, and of ‘hard’ news (politics, public administration, the economy, science, technology) vs. ‘soft’ news (celebrities, human interest, sport and entertainment). The results:

  • Americans [are] especially uninformed about international public affairs.
  • American respondents also underperformed in relation to domestic-related hard news stories.
  • American television reports much less international news than Finnish, Danish and British television;
  • American television network newscasts also report much less hard news than Finnish and Danish television.

Surprisingly, the report states that “our sample of American newspapers was more oriented towards hard news than their counterparts in the European countries.” Too bad Americans are reading less newspapers.

5. News Execs among White Male Boomers Who Owe Trillions to Society

The hype about the “self-made man” is fantasy. In the early 1970s, we privileged white males were spirited out of college to waiting jobs in management and finance, technology was inventing new ways for us to make money, tax rates were about to tumble, and visions of bonuses and capital gains danced in our heads.

While we were in school the Defense Department had been preparing the Internet for Microsoft and Apple, the National Science Foundation was funding the Digital Library Initiativeresearch that would be adopted as the Google model, and the National Institute of Health was doing the early laboratory testing for companies like Merck and Pfizer. Government research labs and public universities trained thousands of chemists, physicists, chip designers, programmers, engineers, production line workers, market analysts, testers, troubleshooters, etc., etc.

All we created on our own was a disdainful attitude, like that of Steve Jobs: “We have always been shameless about stealing great ideas.”

6. Funding Plummets for Schools and Pensions as Corporations Stop Paying Taxes

Three separate studies have shown that corporations pay less than half of their required state taxes, which are the main source of K-12 educational funding and a significant part of pension funding. Most recently, the report “The Disappearing Corporate Tax Base” found that the percentage of corporate profits paid as state income taxes has dropped from 7 percent in 1980 to about 3 percent today.

7. Companies Based in the U.S. Paying Most of their Taxes Overseas

Citigroup had 42% of its 2011-13 revenue in North America (almost all U.S.) and made $32 billion in profits, but received a U.S. current income tax benefit all three years.

Pfizer had 40% of its 2011-13 revenues and nearly half of its physical assets in the U.S., but declared almost $10 billion in U.S. losses to go along with nearly $50 billion in foreign profits.

In 2013 Exxon had about 43% of management, 36% of sales, 40% of long-lived assets, and 70-90% of its productive oil and gas wells in the U.S., yet only paid about 2 percent of its total income in U.S. income taxes, and most of that was something called a “theoretical” tax.

8. Restaurant Servers Go Without Raise for 30 Years

An evaluation by Michelle Chen showed that the minimum wage for tipped workers has been approximately $2 an hour since the 1980s. She also notes that about 40 percent of these workers are people of color, and about two-thirds are women.

Here’s one more possible and welcome headline: Progressives Unite Behind Wealth and Wall Street Taxes.

Paul Buchheit is a college teacher, an active member of US Uncut Chicago, founder and developer of social justice and educational websites (UsAgainstGreed.org, PayUpNow.org, RappingHistory.org), and the editor and main author of “American Wars: Illusions and Realities” (Clarity Press). He can be reached at [email protected]

  • GoodAmerican

    10. The GAO’s account of the Black Box Voting Machines states that they are insecure, easily manipulated, can be manipulated remotely and would require only a handful of operatives to manipulate a US election.

  • Dave

    RINF doesn’t have the balls to post these headlines:
    There are more tax consuming parasites living off of tax producers than ever before.
    There are fewer people who believe they should have to work for a living.
    There are more illegals in the US than ever before, thanks to the envious leftwing who allow them here by the millions for democrat votes & dependence.
    There are more stories than ever by writers in the news who vilify those of us who support them & the politicians whom they elect.
    Israel owns our congress.
    Jews in our congress are generally dedicated to Israel more than the US.

  • Neil McPhee

    I am always dismayed by the ignorance of Americans, even the educated rich ones. They think they run the world but they know no history and no geography. They worship their leaders and stare at the TV. 50m Americans have no healthcare because America squanders its riches on war. 40m are on food stamps. The country is owned, controlled and run by Jews from Israel. Money is their sole ambition in life and their culture is debased and jejune. Their food stinks. God Help America.

  • LaChanan

    Newspapers enforce political correctness, and have brought about the downfall of America.

  • LaChanan

    Newspapers enforce political correctness, and have brought about the downfall of America. Their vaunted “independence” is the bidding of bankster-controlled advertisers.

  • idiot dave

    Are you an idiot Dave? No MSM site would allow you to post that shit but yet you’re allowed to on RINF. Wake up you moron.

  • PJ London

    ” There is no such thing, at this date of the world’s history, as an independent press. You know it and I know it. There is not one of you who dares to write your honest opinions, and if you did, you know beforehand that it would never appear in print. I am paid weekly for keeping my honest opinions out of the paper I am connected with. Others of you are paid similar salaries for similar things, and any of you who would be so foolish as to write honest opinions would be out on the streets looking for another job.
    If I allowed my honest opinions to appear in one issue of my paper, before twenty-four hours my occupation would be gone. The business of the journalist is to destroy the truth; to lie outright; to pervert; to vilify; to fawn at the feet of mammon, and to sell the country for his daily bread. You know it and I know it and what folly is this toasting man independent press. We are the tools and vassals of the rich men behind the scenes. We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilities and our lives are all the property of other men. We are intellectual prostitutes.
    John Swinton, the former Chief of Staff at the New York Times, made this candid confession

  • Matt Greco

    I agree with all of these numbers, but#5 was unnecessary. It’s sad to see even truther websites try to bring race into. It shows that even truth seekers have a LONG way to go. If you have ever been in the corporate world or finance you would know that it is internationalists that now control things, not rich old bad white folk. You need to do better research, as the world has changed. There are brown, yellow and black men that now take part in ruling the world. Very sad to see a great article ruined by trying to, once again, pit races against races. It’s not true that white men rule the world, at the top, they do not care what color you are, it’s how much you control. I will be looking elsewhere for intelligent articles from now on. I’m tired of the white hatred, we ALL are to blame. Wake up.

  • James Scott

    The white men you write about are jews. Whites are the hardest working smartest and most moral group of people on this planet. Jews follow us everywhere and blame their crimes on us.

    White people have done more for people not like us than any other group on the planet times 10. Other groups do nothing for anyone not from their in group.

    You are a fool.

    • Henry

      What a dumb thing to say Don. People earning a LOT of money is not good for everyone. How was it good for the 3.6 million minimum wage workers whose combined earnings is less than 8 of some of the richest Americans? (those being the four Waltons, the two Kochs, Bill Gates, and Warren Buffett.) Those minimum wage workers can’t even afford a half-decent home! What good is it for these minimum wage workers to work like slaves and subsist from paycheck to paycheck, while those who benefit most from their hard work (such as those 8 rich Americans) live in the lap of luxury with more money than they would ever need? If those rich fat cats were prepared to rein in their own greed for a change, the minimum wage workers would then get maybe 50%, 75%, maybe even 85% more than what they do now, so that they can have a semi-decent lifestyle as reward for the work they do. The more money these fat cats scrape off for themselves, the less is left for the workers who do the actual work that generates the wealth in the first place. The workers are the real producers, not the fat cats standing at the top benefiting from everyone’s work. Are you a paid shill to say the dumb things you say, or are you just really that stupid?