Tag Archives: Elon Musk

Report Exposes US Corporations That Pay Their Execs More Than They Pay in Taxes

“Both kinds of corporate misbehavior—underpaying taxes and overpaying executives—ultimately make working families the victim through smaller paychecks and diminished public services.”

By Jake Johnson. Published 3-13-2024 by Common Dreams

Elon Musk at TED2013: The Young, The Wise, The Undiscovered. Wednesday, February 27, 2013, Long Beach, CA. Photo: James Duncan Davidson

Top executives at dozens of major, profitable U.S. businesses received more in total compensation in recent years than their companies paid in federal taxes, underscoring the twin outrages of skyrocketing CEO pay and rampant corporate tax dodging.

report published Wednesday by Americans for Tax Fairness (ATF) and the Institute for Policy Studies (IPS) identifies 35 profitable U.S. corporations that paid their top executives more than they paid the federal government in taxes between 2018 and 2022. The list of companies includes Ford, Netflix, NextEra Energy, and Tesla—whose CEO, Elon Musk, is the richest man in the world.

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60 Days Into 2024 and Millionaires Are Already Done Paying Into Social Security

“Ninety-four percent of Americans contribute to Social Security all year long, but the wealthy stop paying after their first $168,600 in wage income.”

By Jake Johnson. Published 2-29-2024 by Common Dreams

Image: Public domain

Most Americans contribute to Social Security year-round, but U.S. millionaires will stop paying into the critical program on March 2—just over two months into 2024.

That’s because Social Security’s payroll tax doesn’t apply to earned income above a certain level. For 2024, the cut-off is $168,600, and capital gains—such as stock appreciation—are not subject to the payroll levy at all. Elon Musk, the CEO of Tesla and the world’s richest man, pays nothing into Social Security because he doesn’t take a salary.

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In ‘Direct Attack’ on Labor Movement, Amazon Backs Claim NLRB Is Unconstitutional

“So now capital, unable to hold back labor any longer, is arguing that the NLRB’s very existence is unconstitutional,” said one law professor.

By Julia Conley. Published 2-16-2024 by Common Dreams

Workers at Amazon & everywhere have a right to safety and a union Photo: Joe Piette/flickr/CC

Amid a recent surge in unionization and other workers’ rights victories, wealthy U.S. corporations have fired union organizers, surveilled employees as they voted on forming a collective bargaining unit, and closed store locations to penalize labor leaders—but a court filing by Amazon on Thursday suggested a new tactic as the e-commerce giant seeks to dismantle the federal agency tasked with protecting employees.

Fighting accusations from prosecutors at the National Labor Relations Board (NLRB) that Amazon illegally retaliated against warehouse workers who unionized, the company submitted a legal filing arguing that the board itself is unconstitutional.

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GOP Congressman Suggests ‘Pinochet Air’ Death Flights for Migrants

“We wonder why the right-wingers aren’t freaking out about Trump’s dictator talk but we shouldn’t,” said one local Democratic leader in Georgia.

By Brett Wilkins. Published 2-2-2024 by Common Dreams

U.S. Rep. Mike Collins (R-Ga.) is seen here in a December 6, 2023 photo. 
(Photo: Mike Collins/Facebook)

A Republican congressman from Georgia on Thursday suggested a novel way to stem the influx of migrants at the southern border: throw them from helicopters into the sea.

Responding to a photo showing a migrant flipping off the camera following his release without bail from a New York City court, Rep. Mike Collins took to social media to reply to a post by Rep. Anthony D’Esposito (R-N.Y.) advising the young man to “holla at the cartels and have them escort you back.”

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`Study Finds Over 33 Million Instagram, TikTok Posts Promoting Harmful Content to Kids

The Ekō report came as a U.S. Senate panel held a hearing about online child sexual exploitation featuring testimony from five Big Tech CEOs.

By Jessica Corbett. Published 1-31-2024 by Common Dreams

As five Big Tech executives appeared before the U. S. Senate Judiciary Committee on January 31, 2024, Ekō held a protest at the U.S. Capitol and released a report about platforms promoting harmful content to children. (Photo: Ekō)

As five Big Tech executives appeared before the U.S. Senate Judiciary Committee on Wednesday, the group Ekō released a report highlighting how “social media companies are not only failing to safeguard young users from harm, but actively profiting from it.”

“This briefing serves as an urgent call for legislative action,” says the 17-page publication from Ekō—previously called SumOfUs—which is addressed to the Senate panel on the first page and urges constituents to contact their members of Congress.

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Experts ‘Terrified’ of AI-Driven Misinformation ‘Tsunami’ in 2024 Election

“If people don’t ultimately trust information related to an election, democracy just stops working,” said a senior fellow at the Alliance for Securing Democracy.

By Olivia Rosane. Published 1226-2023 by Common Dreams

An ad for a deepfake video maker. Screenshot: OpenAISee

As 2024 approaches and with it the next U.S. presidential election, experts and advocates are warning about the impact that the spread of artificial intelligence technology will have on the amount and sophistication of misinformation directed at voters.

While falsehoods and conspiracy theories have circulated ahead of previous elections, 2024 marks the first time that it will be easy for anyone to access AI technology that could create a believable deepfake video, photo, or audio clip in seconds, The Associated Press reported Tuesday.

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Ethics Group Asks SEC to Probe Musk Claims About ‘Gruesome’ Neuralink Monkey Trials

“It seems obvious to everyone but Elon Musk that Neuralink’s device is unsafe,” said one critic. “Now he is deliberately misleading investors and the public by outright lying about the company’s monkey experiments.”

By Brett Wilkins. Published 9-21-2023 by Common Dreams

Animal 15. Photo: PCRM

After obtaining records showing a dozen monkeys were euthanized in “gruesome” trials, a national physicians group on Wednesday asked the U.S. Securities and Exchange Commission to investigate claims made by Elon Musk, owner of the biotech firm Neuralink, about the company’s experimental brain implants.

Physicians Committee for Responsible Medicine (PCRM) requested an SEC probe into possible securities fraud committed by Musk when he claimed that “no monkey has died as a result of a Neuralink implant” during testing of the company’s implantable brain-computer interfaces (BCI), and that the animals who died were all already terminally ill when chosen for experiments.

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Trump and Big Tech are setting the tone for a violent 2024 election season

Tech giants’ hands-off approach to disinformation does not bode well at a time of growing political violence

By Chrissy Stroop Published 8-30-2023 by openDemocracy

Photo: Fulton County Sheriff’s Office

Donald Trump turned himself in at Fulton County jail in Georgia on Thursday last week, where he was fingerprinted and had a mugshot taken – just like any other accused felon. Obviously, unlike many others in the same situation, he was immediately able to post bond and leave. Nevertheless, the moment was remarkable: it was the first ever mugshot of a former president.

Back in March, before the various investigations had resulted in any indictments, Trump warned there could be consequences if he was indicted, calling on his supporters to “take back our nation”. No 6 January-style mass action has materialised, but as summer winds down in the northern hemisphere, political threats and violence do seem to be ramping up here in the US.

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World’s 500 Richest People Added $852 Billion to Their Wealth in First Half of 2023

“They can afford to pay their fair share in taxes.”

By Jake Johnson. Published 7-7-2023 by Common Dreams

Elon Musk at a Neuralink presentation. Photo: Steve Jurvetson/flickr/CC

The 500 richest people on the planet collectively added $852 billion to their fortunes in the first half of 2023 due in large part to a record-breaking rally in the U.S. stock market.

According to a Bloomberg analysis of its Billionaires Index, the world’s richest people added an average of $14 million per day to their wealth over the past six months, “the best half-year for billionaires since the back half of 2020, when the economy rebounded from a Covid-induced slump.”

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Experts Urge Action to Mitigate ‘Risk of Extinction From AI’

It “should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” says a new statement signed by dozens of artificial intelligence critics and boosters.

By Kenny Stancil. Published 5-30-2023 by Common Dreams

A growing number of experts are calling for a pause on advanced AI development and deployment. Graphic: deepak pal/fickr/CC

On Tuesday, 80 artificial intelligence scientists and more than 200 “other notable figures” signed a statement that says “mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war.”

The one-sentence warning from the diverse group of scientists, engineers, corporate executives, academics, and other concerned individuals doesn’t go into detail about the existential threats posed by AI. Instead, it seeks to “open up discussion” and “create common knowledge of the growing number of experts and public figures who also take some of advanced AI’s most severe risks seriously,” according to the Center for AI Safety, a U.S.-based nonprofit whose website hosts the statement.

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