"How much more money do we want to steal from the American people to fund more government? I'm for no more." Speaker of the House John Boehner, tells America that the "People's House" will impose taxes on Real People which they'll give to Corporate "Persons".Capitalism is more correctly understood as Neo-Feudalism. Great Houses and Barons have morphed into Corporations and CEOs. And for Neo-Feudalism to flourish there needs to be a vast majority of workers for whom there is no future other than toil and labor and who'll give birth to the next generation of labor.
The Economic Reform we need is Tax Reform. 1 in 4 Corporations pays no Income Taxes. Companies involved in the Military-Industrial-Complex fraudulently overcharge the military Hundreds of Billions of dollars, Oil Companies receive government subsidies and transfer the clean-up costs on their disasterous oil spills onto the American taxpayers.
Procter & Gamble, the Cincinnati-based company behind Pampers diapers and Tide detergent, reported a federal tax burden in 1969 that was 40 percent of its total profits, a typical rate in those days. More than four decades later, P&G is a very different company, with operations that span the globe. It also reports paying a very different portion of its profits in federal taxes: 15 percent.
Apple is the current in the spotlight for their Tax Dodging schemes. Apple in 1980 created a shell company in Ireland, "Waldwill Limited". Now, Apple doesn't make anything in Ireland these days, it's Cork Office is in charge of European distrubtion and product support. But, it is a handy dandy country to funnel the $30,000,000,000 USC in profits in order to pay $0 US Income Taxes.
Proctor and Gamble and Apple aren't the only ones. Most of the 30 companies listed on the country’s most famous stock index, the Dow Jones industrial average, have seen a dramatically smaller percentage of their profits go to U.S. coffers over time, even as their share prices have driven the Dow to an all-time high.
That is what is going on here. Corporations and Rich Thieves have made the US Tax Laws a Byzantine Mess of contradictions and loopholes which they know how to navigate in order to steal Trillions and hide their filthy lucre in off-shore accounts, just waiting to be repatriated tax free when the properly bought politican makes it possible.
But, if the problem where merely one of Effective Tax Rates, simply highlighting the Massive Income Inequality that exists in America would show how the Goal of the Piss Down Your Back and Tell You It's Raining Reaganomics and Bush Tax Cuts were designed and implemented for no other reason than to create a society in which the Richest One Percent live better than the Pharoahs of Ancient Egypt.
Procter & Gamble, the Cincinnati-based company behind Pampers diapers and Tide detergent, reported a federal tax burden in 1969 that was 40 percent of its total profits, a typical rate in those days. More than four decades later, P&G is a very different company, with operations that span the globe. It also reports paying a very different portion of its profits in federal taxes: 15 percent.
Apple is the current in the spotlight for their Tax Dodging schemes. Apple in 1980 created a shell company in Ireland, "Waldwill Limited". Now, Apple doesn't make anything in Ireland these days, it's Cork Office is in charge of European distrubtion and product support. But, it is a handy dandy country to funnel the $30,000,000,000 USC in profits in order to pay $0 US Income Taxes.
Proctor and Gamble and Apple aren't the only ones. Most of the 30 companies listed on the country’s most famous stock index, the Dow Jones industrial average, have seen a dramatically smaller percentage of their profits go to U.S. coffers over time, even as their share prices have driven the Dow to an all-time high.
That is what is going on here. Corporations and Rich Thieves have made the US Tax Laws a Byzantine Mess of contradictions and loopholes which they know how to navigate in order to steal Trillions and hide their filthy lucre in off-shore accounts, just waiting to be repatriated tax free when the properly bought politican makes it possible.
But, while these Rich Thieves engage in artful dodging of tax laws and self-congratulatory back slaps for their "Capitalist Ingenuity" there is a strain of Sadism in methods. Because Taxes are what the Poor pay because if the Poor where blessed and virtuous they'd pay No Taxes.
An article by the noted Austerity Sadist Michael Kinsley illuminates how Austerity isn't about Deficit Reduction but an ardent and fervent desire to punish the Wicked Poor as a happy by-product of enforcing a noble Neo-Feudalist State.
Austerity is designed to Cut Government Spending not the Deficit. Because that Government spending goes to The Wicked (i.e. the Poor) it is not right that the Rich Man who is synonymous with Righteousness suffer.
And there can be no Greater Good than Lower Taxes as a reward to the Noble and Virtuous.
An article by the noted Austerity Sadist Michael Kinsley illuminates how Austerity isn't about Deficit Reduction but an ardent and fervent desire to punish the Wicked Poor as a happy by-product of enforcing a noble Neo-Feudalist State.
Austerity is designed to Cut Government Spending not the Deficit. Because that Government spending goes to The Wicked (i.e. the Poor) it is not right that the Rich Man who is synonymous with Righteousness suffer.
And there can be no Greater Good than Lower Taxes as a reward to the Noble and Virtuous.
But, if the problem where merely one of Effective Tax Rates, simply highlighting the Massive Income Inequality that exists in America would show how the Goal of the Piss Down Your Back and Tell You It's Raining Reaganomics and Bush Tax Cuts were designed and implemented for no other reason than to create a society in which the Richest One Percent live better than the Pharoahs of Ancient Egypt.
The Plutocracy gets a Sadistic thrill when Americans vote away their birthrights. The Koch Brothers Propaganda Machine Americans For Prosperity released an email when the Sequester went into effect lauding Speaker Boehner and the House Republicans,
[T]oday Americans for Prosperity thanks Speaker John Boehner and House Republicans for standing up to President Obama and making sure the $85 billion in much-needed sequester spending cuts took effect.
As an example, I was out at a leadership event in Portland, Oregon this week where Beth, one of our dedicated Americans For Prosperity activists, told me how she had sent personal messages to each of her 243 Facebook friends asking them to contact their member of Congress to tell him to"keep the cuts" so we can "get our economy moving again."
The Koch Brothers, Banksters, Tax Dodging CEO's and Sadistic Economists aren't interested in the US EConomy but in transferring as much money upwards as possible and creating a GovernmentApparatus which will enforce and perpetuate their Noble Neo-Feudalist Utopia.