Eliminate unemployment insurance the middle class pays for. The rich don't need it.
Return to the same economic policies of 2008 that led to our present recession.
If you are starting to get the over riding picture of corporations always coming out on top at the expense of 98% of the American citizens I am doing my job.
Since the Bush recession began in earnest in 2008, though it's seeds go much farther back, our multi national corporations profits have increased by 43% even as the middle class lost trillions in its over all combined wealth.
These huge increases in over all profits came, not from America, but 2/3rds from the rest of the world. Places like China, India, and so on. Why? Because of two factors. First, labor is cheaper so they closed American factories and sent our jobs there, using, you guessed it, tax breaks we paid for. They pay little or no benefits, no income taxes or other deductions. Few if any safety regulations. Second, with those economies on the rise there are lots of new consumers to buy those products. With us in a recession of their creation, we are not that important to them as either market or manufacturing bases any longer. Remember this is another clue in my foundation.
Some people lost most or all of their pensions, saved over a life time of working. ( This would have been the fate of privatized Social Security accounts. ) We taxpayers helped fund these profits with tax breaks that permitted these corporations to incorporate off-shore to avoid paying taxes in the United States while also exporting our jobs.
Despite complaints from the right about runaway "welfare", major corporations receive far more welfare from the taxpayers than the middle class and poor receive. Even the new health care bill included welfare for insurance companies in the form of 30 million new customers. Add to that the "welfare" of the Bush tax breaks that the rich have enjoyed for 10 years, and you see who really gets the financial aid...and it is not middle class Americans. If the GOP succeeds in renewing these tax breaks, they will average about $100,000 each for very rich people. After ten years what have those breaks gotten us? Lost jobs and a bigger deficit. Chalk up one more for big business.
Next Page 1 | 2 | 3 | 4 | 5 | 6 | 7
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
7
5
2
