From the VOMITORIUM
BTW….every one have a Good Friday and a pleasant Easter…..
We hear everyday about the debt and the deficit and the plans…cut taxes….raise taxes…..kill Social Security…..Kill Medicare…..but the biggest lie of all is the no taxes on the rich because they will create jobs if they pay less taxes….to me that is a lie…..why?……..they have been paying less taxes for years and how many jobs are they creating….especially NOW?
But put all that aside for now…..put your conserv ideas and your lib inclinations and try to wrap your head around these figures……
The US Commerce Department released a report today throwing into sharp relief just how drastically US multinational corporations are shifting jobs overseas. During the 2000s, US companies cut 2.9 million jobs in the US, while hiring 2.4 million abroad—including an increasing number of highly-skilled workers, the Wall Street Journal reports. That’s a big reversal from the 1990s, when they hired 4.4 million at home and 2.7 million abroad. These big companies employ roughly a fifth of all US workers. “It’s definitely something to worry about,” says one former George W. Bush adviser. Companies generally defend the trend by saying that productivity has increased in their US factories, and that they are chasing sales abroad. “We’ve globalized around markets, not cheap labor,” says GE CEO Jeff Immelt. “Today we go to Brazil, we go to China, we go to India, because that’s where the customers are.”
Does that piss you off just a bit? Corporations that have taken billions in taxpayer money and they repay our generosity like that…..it s a bitch, huh?
Now people….what are you willing to do to change all this misuse of your trust?
I know we all have had a WTF moment and find ourselves scratching our heads…..one of mine came this morning watching a talk show……there is a conversation between a couple of people and one of them was obviously pro-business…..Gov. Rendell brought that Exxon paid NO taxes in the US in 2010….but paid $56 billion (I believe) in taxes to other countries…..there was my WTF!
You are telling me that a company that is protected by the US does not have to pay its way in the country? And then this pro-corporate dude said that they keep taxes low in this country so that business will create jobs and that would mean more people would be paying taxes and the nation’s income will go up…..WAIT! Another WTF moment!
You are telling me that that is the plan? Hire more people and get massive taxes breaks and the revenue will go up? In other words it is still on the backs of working stiffs to keep the country going. right? So it is all about the working class, middle class, whatever you would like to call it to pay all the bills? And business gets the usual free ride?
Let’s keep with that line of thinking……corporations have just gotten a massive tax break thanx to Obama and the Repubs….we all know this…..then where has the rush to create jobs been? It is NOT the tax code that is preventing the creation of jobs……it is greed!
People keep trying the old tired and lame theory of trickle down economics….they only re-package it every decade or so to fool the voter with unbelievable promises of prosperity…..and they BUY IT!
You guys really want an idea?….here is one……everybody, personal and corporations, pays 10%…no breaks, cuts or deductions….working stiffs will have more on their checks…corporations will be paying the lowest corporate tax rate…and the country will once again have a revenue…..ya like it?!
Oh yeah…..and stop making plans that will go economic NOWHERE! The truth is the best this country can ever do is a 2 year plan that coincides with elections….that is REALITY!