Home > Economic, Economic Videos, Social, Social Videos > Sounds of Resistance

Sounds of Resistance

2 out of 3 corporations pay no federal taxes. Some of the biggest tax evaders include Exxon, Verizon, Bank of America, Boeing, CitiGroup, among others. These corporate executives sit there with their “patriotic” flags on their lapels, while they scheme how to avoid paying their fair share of taxes, cut deals to ship American jobs overseas, and setup tax havens in the Caribbean. Is it any wonder that the rest of the country is mired in this economic misery while they prosper?

We don’t have a budget crisis in Washington. We have a MORAL CRISIS. When Congress can seriously debate forcing veterans into homelessness, cutting early childhood education, Pell grants for our students, heating assistance for the elderly, and cutting food aid to pregnant women and children, while giving tax breaks to billionaires and large corporations, something is very, very wrong.

If these corporations paid their share, we would not need to be cutting these programs. So on Friday April 15, 2011 hundreds of people met at Union Square Park in New York to protest this fact. This event was called the Sounds of Resistance and the target was Bank of America. While this bank received $billions in taxpayer funds, it made $billions in profits, it was busy foreclosing on millions of homeowners, all while working very hard to create over a hundred foreign tax havens to avoid paying taxes on their profits.

This video by EndTheIllusion highlights this event.

Advertisements
  1. TruLink
    April 24, 2011 at 12:18 PM

    What a great speech by Chris Hedges. Nice video.

  2. Tina
    April 25, 2011 at 12:44 PM

    The middle class and small businesses have been wrecked by “too big to fail” Goliaths who engaged in ethically reprehensible – yet shockingly legal practices. And now, regardless of how our government failed to guard against an economic catastrophe, we still have to pay our share of taxes to that same government.

    So we all have to “tighten our belts” now, right? All of us? In this together? To get through this tough economic climate…together?

    Well, apparently, “too big to fail” also means too big to pay federal taxes.

  3. PBohn
  1. December 6, 2016 at 11:20 PM

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: