Trump's U$A: ways to fix a dishonest system

David Cay Johnston, US journalist
A Sydney Ideas and Sydney Democracy Network event
The United States, like Australia and other countries with modern economies, gets played by multinational corporations who earn profits in their country, but siphon profits out as tax-deductible expenses - expenses companies pay to themselves. It is as if individuals could get a tax break by moving money from their right pocket to their left.
These tax breaks are not based on real expenses, or economic reality, but on shams and faux calculations. They rest on nothing more substantial than moving symbols around on pieces of paper. And these tax breaks certainly are not honest, legal though they may be.
Even in Trump’s America, there are powerful new solutions to unreal and unfair tax systems. David Cay Johnston will walk through ways to ensure that taxation of corporations is accurate, honest and fair for citizens.

[@janetpercell3989]

Listen to this man..

[@TedApelt]

He was total spot on dead accurate on the Republican tax plan, both in how it would be sold, and in what it would really be.

[@justgivemethetruth]

Around 31:25 ... the sound is so muddy here I did not catch whatever it was that David Cay Johnston referred to that pegged Donald Trump's net worth at $1.4 billion and not $10 or $11 billions? Did anyone make that out?

[@lauranichols945]

It was his financial disclosure form filed with the Office of Government Ethics. He said his assets were worth at least $1.4 billion. www.washingtonpost.com/politics/trump-retains-assets-worth-at-least-14-billion-new-disclosure-shows/2017/06/16/c0bc4caa-52b9-11e7-be25-3a519335381c_story.html?.b740dd86be8a

[@justgivemethetruth]

Thanks. The exaggerator in chief.

[@brianjacob8728]

Trump will do for the USA what he did for the USFL.