Thursday, July 31, 2014

They won't come back 'til it's over, over here

There is this: http://www.dailykos.com/story/2014/07/30/1317847/-Republicans-fight-to-keep-tax-breaks-for-companies-moving-jobs-overseas?detail=facebook

The republicans aren't even trying anymore. On Jon Stewart last night I saw Orrin Hatch flatly saying that corporations have a responsibility to their shareholders to make a profit. He might as well say that he, and certain other members of Congress, have a responsibility to the shareholders of the GOP- corporations- who have bought stock in Congress.

I've long since already heard dumbasses in the threads regurgitate the "responsibility to shareholders" line as if it were gospel or even Constitutional. It's been used to defend not raising the minimum and, of course, eliminating it as well. How can you meet the fiscal responsibility of shareholder profits if greedy employees demand wages?! I just wonder how soon before the thread trash starts in on how Obama is punishing success with our corporate taxes being the highest in the world. Oh- already? Sheesh, that was quick.

I think the corporate rate is 39%. I also think that no corporation actually pays that. We already know that many corporations pay ZERO in taxes and that some, like Exxon, actually pay nothing and get billions in cash from the Federal government. I think that any company actually paying 39% is (a) stupid and/or (2) too cheap to get halfway decent accountants. Maybe Walgreens was filing the 1040EZ?

During the Eisenhower years (the last great republican) the tax rate for the Richie Rich crowd was 90%. They had accountants in the fifties so, no, Uncle Sam did not get $9 out of every $10 that Scrooge McDuck or General Motors made. But, they got more than they are getting now and I bet that no one had lobbyists working to ensure they paid nothing, like we have today. And we the people reaped the rewards of that corporate responsibility to America. There was no internet at the time and no idiotic assholes with avatars to say the gubmint was "punishing success".

John Steinbeck noted that American's would never truly embrace socialism because each of us considers themselves to be a temporarily embarrassed millionaire. Or, like Lewis Black sums that up, we all believe we are going to win the lottery. To that end, we don't want harsh taxes to be there when we get there. We really think like that.

My God- how can these assholes feel sorry for rich people? Numerically, the 1% IS a minority but, who in their right mind could complain? You may not want to be black or gay but, you damn sure would change places with a rich guy. Even a gay, black rich guy.

Since the Reagan years, companies have been shipping jobs over seas for tax advantages but, primarily for cheap labor. With the current "inversion" trend with corporations like Walgreens, they don't have to physically move out of the country. There's nothing to be gained by building a Walgreens on every corner in Bangladesh. Do they even have corners in Bangladesh? Walgreens has simply bought themselves into a foreign country and out of a responsibility to ours. They make their money here, camped out on our intersections but pay no dollars for the upkeep of the roads leading to their stores. That's your job. Your dollars.

I think their endgame is to bring the corporations home. And bring the jobs home. All they have to do is make America more business friendly. No Unions. No minimum wage. No corporate taxes. I've said it before and here I say it again: There is NO reason we can't be the third world labor.  Your corporate masters do not care. They do not know you or love you. You either exist to buy their products or to make them. That's it.

It's all over but the shouting for the American Dream. And the shouting- which is for the rich- will end as the middle class cuts it's own goddamn throat, silenced for forever.

3 comments:

topix@wikileaks said...

"The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness."

John K. Galbraith


You introduce an idea that I hadn't connected the dots to, but it makes perfect sense.

"I think their endgame is to bring the corporations home. And bring the jobs home. All they have to do is make America more business friendly. No Unions. No minimum wage. No corporate taxes. I've said it before and here I say it again: There is NO reason we can't be the third world labor. Your corporate masters do not care. They do not know you or love you. You either exist to buy their products or to make them. That's it."

scary

Topix@wikileaks said...

This one came out of the mouth on one of the 1%. Mark Cuban - owner of the Dallas Mavericks, Landmark Theaters, Magnolia Pictures and admirer of Ayan Rand (ick).

" If you own stock in a company and you move offshore for tax reasons, I'm selling your stock."

and...

"When companies move off shore to save on taxes, you and I make up the tax shortfall elsewhere. Sell those stocks and they won't move."

ex-ferrer said...

My jury is out on Cuban but I read that and I tend to think he was sincere. Some, like him. surely realize that they made their money here as Americans. Something like 6 of 10 wealthy now inherited their money from family having done NOTHING to earn it. And I have to believe the other 40 percent includes a lot of people who made their fortune pushing paper in some manner, not employing people or making anything.

I loved the Galbraith quote!