Sunday, August 17, 2014
The people at the top the 1 percent are anti-union, anti-worker, and anti-tax are now anti-USA. Let’s start with corporations’ tax rate. Yes, it is 35 percent, but with loopholes some pay 20 percent and some pay zero. However, when adjusted for GDP (gross domestic product), our corporate tax rate is lower than that of most other industrialized countries and their economies. In the 1950s, corporate taxes accounted for 30 percent of federal revenues. By 2010, this rate dropped to just 9 percent. The difference has been compensated by taxing what is left of the middle class. To get where they do not have to pay any taxes, but still enjoy the infrastructure of the U.S. and the customer base plus the Armed Forces’ protection. They now are moving or planning to move their corporate offices to offshore tax havens while maintaining the benefits of U.S. legal protections (think patents) and basic research. This makes the chief executive officers and stockholders/share holders very, very rich and adding to the wage disparity between the spenders and money hoarders, yet the corporate profits are not helping our economy. Paying no taxes means that there is no help to enhance or maintain our infrastructure. These corporations need to be ‘outted’ to the public and boycotted by the real taxers. Some of the corporations that now do this and some who are starting the process are Medtronic Inc., Destination Maternity Corp., Applied Materials Inc., Fruit Growers Chiquita Brands International Inc., generic drug makers Mylan Inc., and possibly Phizer. Walgreens was planning to move, but public outrage caused the corporation to reconsider the move. There is no reason why workers should support these corporations and there is no way a soldier should ever give their life for these traitors. The new name for this tax theft is “tax inversion” and began to grow in practice in 2008 and now is accelerating. This will kill our economy, bankrupt our government and widen the gap between the 1 percent and the 99 percent, and there is no one at this time to stop the 1 percent because our law makers are bought and paid for by the 1 percent, the Koch brothers types. It will be decided in the streets unless change comes soon.