Corporate Profits: Corporate Blackmail

Discussion in 'Politics' started by georgephillip, May 11, 2011.

  1. georgephillip
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    georgephillip Gold Member Supporting Member

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    Sky-high corporate profits occurring at the same time most US families continue to struggle with high unemployment and stagnant wages are said the be beyond the reach of government.

    Any attempt by natural citizens at taxing windfall profits or stopping the billion$ in government subsidies and tax loopholes would result in corporations relocating their production or reducing the activities in the US. Or both.

    Elected Republicans AND Democrats fall over each other caving in to corporate blackmail.
    Is there an alternative?

    Here's "a brief and partial list" of how elected officials could respond to such threats:

    "• Inform such threatening businesses that the US government will shift its purchases to other enterprises.
    • Inform them that top officials will tour the US to urge citizens to follow the government's example and shift their purchases as well.

    • Inform them that the government will proceed to finance and organise state-operated companies to compete directly with threatening businesses.

    • Immediately and strictly enforce all applicable rules governing health and safety conditions for workers, environmental protection laws, equal employment and advancement opportunity, etc.
    • Present and promote passage of new laws governing enterprise relocation (giving local, regional and national authorities power of veto over corporate relocation decisions).
    • Purchase energy and pharmaceutical outputs in bulk for mass resale to the US public, passing on all the savings from bulk purchases.

    • Seize assets of enterprises that seek to evade or frustrate increased taxes or reduced subsidies."

    The Great Corporate Tax Swindle | Common Dreams

    FLUSH the DC toilet in 2012.
     
  2. Gunny
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    Gunny Gold Member

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    And it will continue as long as Einstein's like YOU don't blame who is at fault. The policy's of our current "fearless rockstar leader" -- Herr Obama -- have created this.

    Corporations have existed since this Nation began. Obama's Euro-leftist tax any-and-everything to death policies have not. The corporations wouldn't leave without a bunch of government-forced, socialist regulations ripping them off.

    It disgusts me to see people can be so blind and stupid.
     
  3. georgephillip
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    georgephillip Gold Member Supporting Member

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    Corporations were here before this nation began.

    It was East India Company tea that was tossed into Boston's harbor, and once the generation of Americans who fought the Revolutionary War died off, corporations began a slow, steady corruption that wasn't interrupted until the Great Depression.

    Obama's the biggest threat to working Americans that I've seen in my lifetime.

    I would argue that's due to his fealty to those "savvy businessmen" from Wall Street and GE that he relies on for his corporate-friendly policies.

    "Unequal Protection": The People's Masters | Truthout
     
  4. VaYank5150
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    VaYank5150 Gold Member

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    Then it would be prudent for you to NOT look in the mirror. Are you really partisan or dumb enough to believe that corporations weren't leaving prior to Obama's administration?
     
  5. georgephillip
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    georgephillip Gold Member Supporting Member

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    "The American Majority project includes a list of policy experts who have written that deficits are not the major threat to U.S. prosperity, and that getting revenue back into the budget is far less damaging than cutting spending and crippling needed programs for low income and elderly Americans."

    The American Majority Rejects Austerity, Wants Jobs | Common Dreams

    "Our review of a broad range of reputable polls on economic issues finds a big difference between the policy solutions that dominate the discussion among policymakers and media pundits and what the majority of average citizens would like to be brought to the forefront."

    The American Majority Project Polling | OurFuture.org
     
  6. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    What a crock.
     
  7. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    The American Majority Project pins the bogometer.
     
  8. georgephillip
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    georgephillip Gold Member Supporting Member

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    Once Japan, Germany and the rest of the industrialized world rebuilt from the devastation of WWII, US corporations began selling the idea of raising living standards in the "third world" to those in Detroit, for example.

    Apparently the idea was really to drag down Detroit's standard of living until it approached that found in parts of India and China.

    We seem to be getting fairly close to the corporate end game as far as income inequality is concerned in this country. Solutions like this one offered by Richard Wolff: "Inform them (corporations) that the government will proceed to finance and organise state-operated companies to compete directly with threatening businesses," will never come to public attention in our current corporate controlled government and media circles.

    The Great Corporate Tax Swindle | Common Dreams
     
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  9. georgephillip
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    georgephillip Gold Member Supporting Member

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    Are you afraid of a little competition?

    "Inform them that the government will proceed to finance and organise state-operated companies to compete directly with threatening businesses."

    The Great Corporate Tax Swindle | Common Dreams
     
  10. Moving to USA
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    Lets pretend for a moment that I am the owner or CEO of some mega corporation. I'm making millions, no, billions. I also employ a very large number of workers at a fair wage while producing a needed product.

    Now lets put all of your actions into play. What would I do?

    I would transfer as much money offshore as I could get away with, I would shut down the corporation, pay off the share holders at an inflated rate and I would move to the country that my money was sent to.

    No loss by my leaving. However, thousands become unemployed over night, some needed product is no longer available and whatever tax the country took in the past from my business would no longer exist.

    I'm sure someone will suggest that another company would just move into position to take up the slack, and I'm sure that is a correct assumption. How long with this economy will it take for that new company to reach the level that I was at before closing down.

    There is no better way to get a politicians attention than by crimping their wallet.

    You don't fix a free economy by taxing business out of business.
     

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