Ayn Rand USA: In 20 Years Corporate Profits Are Up 4X and Their Taxes Have Fallen by 50% --

[xchrom]

http://www.alternet.org/economy/ayn-rand-usa-20-years-corporate-profits-are-4x-and-their-taxes-have-fallen-50-meanwhile

Ayn Rand USA: In 20 Years Corporate Profits Are Up 4X and Their Taxes Have Fallen by 50% -- Meanwhile the Workers' Payroll Tax Has Doubled

***SNIP

Corporations Stopped Paying

In the past twenty years, corporate profits have quadrupled while the corporate tax percent has dropped by half. The payroll tax, paid by workers, has doubled.

In effect, corporations have decided to let middle-class workers pay for national investments that have largely benefited businesses over the years. The greater part of basic research, especially for technology and health care, has been conducted with government money. Even today 60% of university research is government-supported. Corporations use highways and shipping lanes and airports to ship their products, the FAA and TSA and Coast Guard and Department of Transportation to safeguard them, a nationwide energy grid to power their factories, and communications towers and satellites to conduct online business.

Yet as corporate profits surge and taxes plummet, our infrastructure is deteriorating. The American Society of Civil Engineers estimates that $3.63 trillion is needed over the next seven years to make the necessary repairs.

[liberal N proud]

1. And what do they all complain about?

Not enough profit and taxes are too high.

[Cosmocat]

6. And given the bullhorn of the "liberal media"

what gets drummed into the country's head is that the reason unemployment is so pervasive is because ...

Taxes are too high and too many regulations.

[AndyA]

2. Corporate welfare

Don't help the people, but bend over backwards to help the corporations, who don't need help in the first place.

It's insanity.

[Octafish]

3. It's still teh answer.

Slow economy?

Unemployed?

Economic malaise getting you down?

Try cutting taxes?

Works every time.

For the .01%.

[Cosmocat]

8. N E V E R

ends ...

It is like the Borg in star trek, it just keeps coming.

Enabled by what they have derided as a "liberal media" the republicans have absolutely convinced the general public that the problem with our economy is that taxes are too high and there are too many regulations for corporations.

The worse trickledown/neo-liberal economic policies make things, the more they point to that as evidence to do more of it.

[zeemike]

4. When Leona Helmsley said.

"Only the little people pay taxes" she was just saying what the 1% knew, but would never say outside their own circle.

[HughBeaumont]

5. And worker's wages?

[toby jo]

7. This alone should start a revolution.

[Ikonoklast]

9. Get this through your heads: Corporations no longer need this country.

They are all looking to Asia as their future, they do not need this country or its citizens for anything, except to extract the last bit of wealth out of before they leave the husk.

The incipient Middle Class in China is larger than the entire population of this country, 300 million people.


India is not far behind.

New countries to plunder, and far easier to corrupt the governments there.

Who would you rather have as customers?

A hundred million people of a middle class that is rapidly shrinking as a customer base here, or a billion people overseas with money to spend?

[woo me with science]

10. [phone]

[raouldukelives]

11. America is the middle manager in the CorpoWorld.

When new orders are given from the top, they are followed to a T by our politicians and media.
When strong arm tactics are needed, we are more than hapy to oblige.
The free market demands it, investors depend on it, thy will be done. Amen.