Tag: audits

China vs. the US: shipbuilding, subsidies, and the Jones Act

Ms. Cat

Hypocrisy thrives where double standards prevail.

Earlier, I stupidly tweeted out an article about the Jones Act and shipbuilding and Colin Grabow, from the Cato Institute, liked it (he was quoted in the article). I looked him up and decided to listen to this video on the shipbuilding competition between China and the US, where he and a lawyer for United Steelworkers were on the panel. China is eating their lunch, and it’s the ruling elites’ own fault, yet they scapegoat China for it. The double standards over China’s “unfair economic practices” AKA the subsidizing of their shipbuilding industry irritates me (liars irritate me even more). States give subsidies, grants, and tax breaks to corporations, all the time. Fincantieri Marinette Marine is just one example, but Wisconsin had done the same for Foxconn. Foxconn received tax breaks and $3B in subsidies, which was “the largest ever subsidy provided by a state to a foreign company”, despite not living up to their promises.

Rumble

Colin Grabow wants to end the Jones Act. I’ve made at least three video clips regarding the Jones Act, two with Sal Mercogliano from What’s Going On With Shipping and one from the government-funded CSIS (I’ve posted them, below). Spoiler alert: Sal says that the problem isn’t the Jones Act. Meanwhile, both CSIS and the Cato Institute (part of the Atlas Network) blame the Jones Act. Deregulation is a wet dream of big corporations (which fund both the Cato Institute and CSIS).

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What State Action Doctrine? Biden Administration Renews Push For Deal With TikTok, Where US Government Would Oversee Content Moderation On TikTok

Ms. Cat

What State Action Doctrine? Biden Administration Renews Push For Deal With TikTok, Where US Government Would Oversee Content Moderation On TikTok

For all the (mostly misleading) talk of the US government having too much say in content moderation decisions, this move would literally put US government officials effectively in control of content moderation decisions for TikTok. Apparently the thinking is “welp, it’s better than the Chinese government.” But… that doesn’t mean it’s good. Or constitutional.

…

Honestly, what this reads as is the moral panic over China and TikTok so eating the brains of US officials that rather than saying “hey, we should have privacy laws that block this,” they thought instead “hey, that would be cool if we could just do all the things we accuse China of doing, but where we pull the strings.”

…

So, look, if we’re going to talk about US government influence over content moderation choices, why aren’t we talking much more about this?

Related:

TikTok and U.S. rekindle negotiations, boosting app’s hopes for survival

CFIUS monitoring agencies, including the departments of Justice, Treasury and Defense, would have the right to access TikTok facilities at any time and overrule its policies or contracting decisions. CFIUS would also set the rules for all new company hires, including that they must be U.S. citizens, must consent to additional background checks and could be denied the job at any time.

A Draft Of TikTok’s Plan To Avoid A Ban Gives The U.S. Government Unprecedented Oversight Power

U.S. Government Seeks Extensive Oversight over TikTok

U.S. Government Seeks Extensive Oversight over TikTok

Ms. Cat
Source.

The U.S. government, through the Committee on Foreign Investment in the United States (CFIUS), proposed a draft agreement last summer that would grant it extensive access and control over TikTok‘s operations. This move comes as an attempt to address national security concerns related to the Chinese-owned app. A draft agreement, sourced from Forbes, outlines the following potential powers for the U.S. government:

U.S. Government Seeks Extensive Oversight over TikTok

‘Why are we tempting nuclear annihilation?’ — Transcript of Max Blumenthal’s address UN Security Council

Ms. Cat

The Grayzone’s Max Blumenthal addressed the UN Security Council on the role of US military aid to Ukraine in escalating the conflict with Russia and the real motives behind Washington’s support for Kiev’s proxy war.

‘Why are we tempting nuclear annihilation?’ Watch Max Blumenthal address UN Security Council

Previously:

All aboard the gravy train: an independent audit of US funding for Ukraine

All aboard the gravy train: an independent audit of US funding for Ukraine

Ms. Cat

In the absence of official scrutiny of Washington’s spending spree on Ukraine, The Grayzone conducted an independent audit of US funding for the country. We discovered a series of wasteful, highly unusual expenditures the Biden administration has yet to explain.

All aboard the gravy train: an independent audit of US funding for Ukraine

Video via Jason Hunt (Threats to international peace and security – Security Council, 9364th meeting)

IRS audits Black taxpayers more often than other groups, agency confirms

Ms. Cat

The Internal Revenue Service audits Black taxpayers at significantly higher rates than other Americans, Commissioner Daniel Werfel told lawmakers Monday, confirming earlier findings by researchers at leading universities and the Treasury Department.

IRS audits Black taxpayers more often than other groups, agency confirms

Related:

The IRS Targets Black Taxpayers, Researchers May Have Uncovered Why

Consistent underfunding of the IRS means it’s a lot easier for them to go after someone who is low-income and qualifies for the EITC than it is to go after someone with a million lawyers hiding money in the Cayman Islands.

Targeting the rich for their tax-related shenanigans takes some major coins, and the IRS severely lacks the funds it would need to do that. Unfortunately, that means they’re more likely to knock on the doors of people just trying to get by.

Good thing Republicans are trying to repeal IRS funds?! /sarcasm