Feb
24
Corporate Profits Take an Offshore Vacation
Written by Editor/CommonDreams | Filed Under Uncategorized |
http://www.commondreams.org/headlines07/0224-05.htm
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Bust monopolies. Sustainability, not unlimited growth. Don’t buy oil or M/I/I complex stock and divest yourself of it if you have it. Regulate corporations or they will kill capitalism and turn it into fascism. It may be too late because they own both parties.
Don’t join organized religions of any sort. Don’t contribute to the Jewish lobby and don’t give foreign aid to Israel unless it resolves the Palestinian problem peacefully.
Say, aren’t these corporate entities the very ones that US trade negotiators are going to bat for? To protect their intellectual property rights? To protect their profits?
“. . . companies have little to lose by continuing their tax scams.”
The horizon continues to darken. Is it the approaching corporate feudalism?
Perhaps the individual states can take some action. Since the corporations personnel and products make use of our roads, waterr, sewer and electricity, we can tax the hell out of the utilities and require a toll for each mile travelled on the roads. That way, they will at least help our the states in which they do business.
I am glad the IRs is finally trying to get something back from these scofflaws. It’s about time.
The most telling statement in this article is:
“People understand that nations’ economies are hurt when jobs move overseas. But what happens when intellectual capital, on which the increasingly knowledge-based economy depends, is also moved out?”
Since the U.S. Government has become actively involved in encouraging companies to move their operations offshore through tax breaks and other incentives and they are knowingly hurting the U.S. economy by doing so doesn’t that make their actions not only unconstitutional but treasonous as well?
Lobo Gris
Yet the little waitress or the strapped middle class homeowner is forced to pay a fortune because ignorance is no excuse for breaking the law.
There will never be a flat tax-it would be too fair. The playing field was never level and never will be.
According to c.i.a. analyst Chalmers Johnson the actual defense budget for the U.S. is 750 billion dollars per year, when you count all of the stuff that should be counted. If corporations are now paying only 8% of Americas revenue at the federal level, down from 30% in the 60’s, that means my peace loving, tax paying butt is financing all this violence. And I put spiders outside. Something is WAY WRONG with this picture.
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