"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.
I shared this on facebook because more people need to read and understand what's really happening these days.
ReplyDeleteA little noted addin to the Senate's Agricultural Bill (welfare for dairy, sugar and grain farmers bill) ((why no support for cabbage farmers??)). Food stamps will no longer be available for convicted felons. So the guy serves time and gets out to find a job which is almost impossible, and now he can't get food stamps, or unemployment. They base this on the idea no one like to see their tax dollars go to support the jail bird, OK, true, but, who the hell are you dealing with here, the jail bird knows how to survive. If this passes, you just increased the hungry by a couple million, who know how to steal and rob. This is a very poorly designed idea to save money, it will end up getting people killed, and spend more in the courts and jails than saved in food stamps.
ReplyDelete"Take from the poor to reward the rich".
ReplyDeleteThe Conservatives's Jesus
The Repubs keep talking about closing loopholes but never do. It's only rhetoric to make them LOOK like they are appalled that some US corporations pay no taxes. The proof that this is exactly what they want is that they don't do anything to address the problem.
ReplyDeleteI heard that Ireland might do something about this problem (so that Apple has to pay a bit more in taxes if they want to keep their "headquarters" there), but will America do anything? I'd be surprised. Americans are probably getting used to this by now (that large corporations can get away with paying zero taxes).
Corporate Taxes could be called by other names. Two that come to mind are Consumer Taxes and Trickle Down Taxes.
ReplyDeleteIncreases in a corporation's financial costs result in a rise in the consumer cost of their product. Raise the cost of their raw materials, their labor cost, their taxes, or impose a large fine on a corporation and the stockholders escape unscathed; the consumer foots the bill. Do you really believe the stockholders are going to eat the increased cost!?
Taxes are a necessary evil but not at the level they are at today. The federal government was never intended to be everything for everyone; nor the state or local governments. Pare back excess government and excess taxes and watch how society self corrects the stupidity of the last couple of generations.
Because Chickenhammer Thieves are going to Steal eventhough we have Laws we therefore shouldn't have Laws. That is your "argument".
ReplyDeleteCorporations have currently purchased our Government and are having them crave us up for their profit margain.
Capitalism is nothing more than a new name for Feudalism.
"Pure" Capitalism leads to US Firms being purchased because the Rights and Profits of the Corporation and it's stockholders suppersedes anything else.
But, then you are happy Smithfield Farms was sold to China because they can kill Americans with food the way they already have done to our pets.
You are happy because that's "Capitalism".
Because Chickenhammer Thieves are going to Steal eventhough we have Laws we therefore shouldn't have Laws. That is your "argument"
ReplyDeleteSaying something like that would be as stupid as saying abortion has to remain legal or women will be injured getting illegal back-alley abortions.
Any time you impose a tax on manufacturing or service you will see the cost passed along to the end user. It is a natural economic phenomenon that cannot be changed on the macro level.
Tax reform done right would do immense good for this country and the people. An approach that makes businesses want to leave the US will harm our economy.
Another Preposterous Proposition CH.
ReplyDeleteBusinesses are leaving the US because Republican and Democratic Lawmakers have given them every incentive to employ slave labor abroad while reaping unlawful tax advantages at home.
Under FDR and Eisenhower America became a modern nation, because Businesses had incentives to employ Americans nowadays Corporate Slave Lords see no difference between a Wage Slave American and a Wage Slave Third World Dweller.