Some non-profit institutions in the U.S. have rigged the tax system to avoid taxing the real profits they make. Prof Wolff explains how we got this term "non-profit" and the financial misdeeds of that industry.
"The hospital, the university that calls itself non-profit discovered that that sounds and looks a lot better than what they've got going, which is tax holiday forever." - Richard Wolff
This is a clip from S12 E09 of Economic Update: "Green Party vs. 2-Party Monopoly"
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Check out the NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff!
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“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”
Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly
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