Sunday, January 05, 2014

To the max.

Editor,

The argument in the Op-Ed linked to below is baloney.

Corporations demand tax concessions -- here the ultimate: no taxes -- to create "jobs." What a pile of malarkey!

"Jobs" only last until the next downturn in the business cycle -- if offshoring for dirt-cheap labor doesn't eliminate them first.

And then there is the question of wages. The number is skyrocketing daily, but last time I looked American CEO's were paying themselves 427 times the median wage of their employees -- and doing everything they can, via ALEC and right-wing state legislatures, to bust the last of the labor unions.

They have already eliminated defined-benefit pensions and turned every hourly worker in the USA into a Warren Buffet wannabe -- losing the few grand they do manage to stash in an IRA when Wall Street crooks decide to take their chips off the table and crash the market.

"Jobs" is the oldest con in the book, and it always works because bad as capitalism is for working people, people who work for a living are dependent on a system that squeezes everything out of them it can, gives them as little as possible in return, and destroys the world around them.

No. "Free markets" do not provide public libraries, public schools, public works. It may cater to relatively affluent people who can afford their "product," but a free market does not a society make.

I say tax the corporations to the max.

They are the engines of our GDP, and the GDP is a resource to be shared.

Re: "Abolish the Corporate Income Tax" (1/6/2014)

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