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.
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.