When will we stop blaming the poor and lauding the rich? The top of the socioeconomic ladder takes far more in welfare from the government than those at the bottom.
We give welfare to corporations with seeming glee and abandon, but that’s only when the Public actually knows about it. Most companies and governments go to lengths to hide the deals they make for “economic development” from public information requests.
This seems like fraud to the staff at NobodyisFlyingthePlane.
We can’t escape the corporate grip on our government until we force government to be transparent in the deals they make.
Democracy dies in darkness
Do Taxpayers Know They Are Handing Out Billions to Corporations? https://nyti.ms/2HnuN8H
The Republicans might get this one right.
The United States system for taxing businesses is a mess.
The current corporate income tax manages the weird trick of both taxing companies at a higher statutory rate than other advanced countries while collecting less money, as a percentage of the overall economy, than most of them. It is infinitely complicated and it gives companies incentives to borrow too much money and move operations to countries with lower tax rates.
The Major Potential Impact of a Corporate Tax Overhaul http://nyti.ms/2jeVcVl
Ryan and his cronies are nothing but corrupt puppets of big business.
House Speaker Paul Ryan presented his economic agenda last week, but it does not deal with the country’s problems with jobs, wages, investment, trade, inequality or other pressing economic issues. Rather, its 57 pages boil down to one idea: Roll back hundreds of federal regulations that protect consumers, investors, employees, borrowers, students and the environment.
The list goes on, with rollbacks to let banks, for-profit colleges, federal contractors, cable companies and other businesses that have hurt and exploited Americans in the past resume their discredited ways.
The Ryan plan is not, in other words, an economic agenda. It is a corporate wish list and a catalog of House Republicans’ fantasies.
Mr. Ryan’s Plan to Revert, Regress and Deregulate http://nyti.ms/1ZYOKkU
Philanthropy is not the right funding solution for our vital public institutions. Sure it’s great that wealthy individuals want to do good, but individual whims are not a reliable source of funding.
Entities profiting from the foundations of our society, it’s institutions, it’s infrastructure, its people, and it’s government have to carry the bulk of the costs of supporting and maintaining them.
Right now that needs to be done through taxes not charity.
In recent years, many of the industry’s elite have pledged financial support to schools, hospitals, police stations and homeless shelters, all while many of the industry’s companies have avoided paying taxes that would fund those same vital public institutions.
If we’re lucky, there may be, but Mr. Thiel isn’t going to like it. Wealth gleaned by way of tax dodges and monopolistic business practices is wealth stolen from the public, even when it is returned in the form of supposed gifts. Philanthropy has the power to do a great deal of good, but so do tax dollars allocated in an equitable democratic system. Perhaps it’s time to adopt a Gospel of Government.
What Can’t Tech Money Buy? http://nyti.ms/1WrhUuw
North Carolina tacked a provision onto their recent anti LGBT bill to limit the minimum wage. How can they possibly think that keeping wages at $7.25 / hr will help their state?
The provision is best understood as a bully’s show of force. State legislators fear the growing demand and support for higher wages among low-wage workers and so they have responded with a gratuitous display of the state’s power and intention to keep pay depressed.
Poverty has many causes — and one of them is poverty-level wages.
one of the objections to gradually raising the federal minimum $15 an hour is that doing so would be too difficult a lift in the South. Politically, the objection is flawed. It argues, that policymakers should follow the laggards, not the leaders
The South Fails Again at Fair Pay http://nyti.ms/22LcCdT
An interesting clarification of just how much welfare US taxpayers give to businesses.
Its also shows just how impossible it is for a free market to meet the needs of either corporations or citizens.
NYTimes: Why We’re All Crony Capitalists, Like It or Not