Skip to main content

Corporate Traitors

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.
Labels:

Comments

Post a Comment

Popular posts from this blog

Fight or Perish

In 2012 more than a quarter of all political contributions came from just 30,000 people who represented the 1 percent of the 1 percent, 90 percent who spent the most won. Today, we are an experiment in either a democracy, which started in 1787 or an oligarchy, which is winning. The nonunion people, like Trump and Musk, have most all the tools in their pockets to destroy our unions. They have money, they have the courts, they have law enforcement, they have the media, and 50 percent of workers that don’t know this don’t know the history of the working class people. This is the perfect storm to lose all the gains workers have made whether they’re union or not, even our Social Security and Medicare, and the Affordable Care Act. So, now we will have to go way back to the late 1920s and ‘30s and dig up the old labor party books. One book, written in 1964, has the information, The Rebel Voices, an IWW Anthology by Joyce L. Kornbluh, educator, activist, and advocate. The history of our labor...
Post a Comment
Read more

Project 2025 will be the Death of Unions

Each blog I write from here on out could be my last. I don’t know if or when they will shut me down, but I will keep the blog going for as long as I can. I’m not engaging in hyperbole, not with what is coming at us in January. We need to protect and defend the National Labor Relations Board. When Trump was last in office, he systematically eliminated workers’ rights to join unions and negotiate collective bargaining with employers—this not only hurt employees, but their communities and the economy overall. Trump weakened worker protections and actively worked at eliminating rules that protected workers. We need to keep the NLRB for all workers, for organizing workers and nonunion workers and build a workers’ union that is much stronger than the MAGA or the old Tea Party. Our unions will fight and win. The benefits unions fight for eventually work their way down to nonunion workers. If MAGAs weren’t so hellbent on owning the Libs, they, too, would enjoy a four-day work-week with full p...
Post a Comment
Read more

Support Those Unionizing

Workers are still unionizing their workplaces so here is a shoutout to the nurses at the University Medical Center, a private hospital in New Orleans and the only level-one trauma center. The nurses held a one-day strike, but had been bargaining with the hospital for eight months regarding workplace concerns, such as safety and more money. There are about 600 nurses, considered the backbone of all hospitals, working at UMC. All of our unions should be giving them our support in any way that helps them succeed. If the election doesn’t go blue, this type of worker protests could very well end if the election goes red. This year with our president’s and vice president’s support of unions, there have been some big wins for labor. If we lose, the National Labor Relations Board will be eliminated and all states will become right to work states, which is the kiss of death to unions. Today, twenty-seven states have right to work laws, which prohibits union contracts. Right to work is a new t...
Post a Comment
Read more