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| Government |
| Fake News, Drudge Report Style |
| 2019-12-17 |
| Current left-side mini-headline at Drudge: "REPORT: 99% of biggest firms pay no federal tax at all..." You know how to treat any news item by now, don't you? Ask the following question: how are these bastards lying to me now? In this instance, in a few particular ways: 1) Always trust your sources! The authors of this article are: "Jeff Stein and Christopher Ingraham, The Washington Post Published 4:11 pm EST, Monday, December 16, 2019 ". Further comment is not necessary. 2) How many of you see an explicit reference to this 99% number? I don't. 3) The closest reference in the report is this sentence: "The report also found that 91 corporations in the Fortune 500, many worth billions of dollars, paid no federal taxes last year." 2A) 99% of '91 corporations' leaves me with '90(.09) corporations. Is that number referenced anywhere in the article? No, it is not. Convenient, isn't it? 3) So, how do we get around these inconveniences? "Researchers excluded taxes incurred by corporations under a one-time "repatriation tax" on money they brought back from overseas because of the tax law, according to Matt Gardner, an analyst at ITEP." Again - any reference at all to this 99% number? Maybe it's under this sofa cushion; lemme go check... Anyways, the rest of the article reads exactly like you'd expect from WaPo types - mention 'tax breaks' and 'loopholes' a bunch of times, wring your hands about Federal budget deficits and shed crocodile tears that, somehow, corporations are benefiting unjustly / unfairly because they get to use things like 'deductions' (yes, that was actually in there) and 'tax breaks & loopholes' to lower taxable income. What you're left with is an article whose sole purpose is to make the reader think that the Trump tax cuts were baaaaaad. And that's how you do Fake News', business section. |
| Posted by:Raj |
| #10 Yep, and that "rumor" isn't confirmed |
| Posted by: Frank G 2019-12-17 18:27 |
| #9 Matt can still be blamed even if he sold his site. He is allowing the new owner to use his name. |
| Posted by: Goober Tingle7365 2019-12-17 17:52 |
| #8 #4, SteveS, fleecing the rubes is what they do. |
| Posted by: Abu Uluque 2019-12-17 12:37 |
| #7 Dropped drudge when it became another act in the Shitshow ... ~1 year ago |
| Posted by: Lex 2019-12-17 11:37 |
| #6 Dropped Drudge as increasingly there was far too many clickbait article links and UK tabloid trash links to alien stories. The mix with some genuine news but with a decidedly leftish drift made it obvious someone else was at the helm. |
| Posted by: NoMoreBS 2019-12-17 11:37 |
| #5 I dropped drudge a year ago |
| Posted by: warthogswife 2019-12-17 11:23 |
| #4 All business taxes are passed along to the customer. Anyone who does not get that is a buffoon. Do economists know about this? Because if it is true, then all the pols talking about punishing those Evil Corporations (Hi, Bernie!) are simply fleecing the rubes. |
| Posted by: SteveS 2019-12-17 11:06 |
| #3 All business taxes are passed along to the customer. Anyone who does not get that is a buffoon. |
| Posted by: M. Murcek 2019-12-17 10:34 |
| #2 There are hints that he's sold it and no longer runs it daily. |
| Posted by: Frank G 2019-12-17 10:31 |
| #1 You'd think Drudge would stop cooking/skewing/biasing the headlines after he lost a lot of viewers (and money) who went there to check the news. |
| Posted by: JohnQC 2019-12-17 10:08 |