Nobles Need Not Pay Taxes

Posted on Monday, February 07 at 14:01 by Roy_Whyte
Why Are Corporations Not Contributing To Society's Success? by Thom Hartmann A new aristocracy is taking over not just the United States of America but also the world. Proof of how far along it has come was in an article by Glenn R. Simpson in the January 28, 2005 edition of The Wall Street Journal. "European countries have been steadily slashing corporate tax rates," wrote Simpson, adding, "...between 2000 and 2003, one nation after another has moved toward lower corporate rates with fewer loopholes." On January 31, 2005, the Journal followed up with another story ("Tax Showdown Promised by EU Chief") pointing out that "...the new president of the European Commission launched a blunt attack on French and German efforts to end tax competition among European Union countries." Ironically, EU leader José Manuel Barroso is also quoted in the Journal as saying: "Corporatist vested interests are the most important problem, be they from the left or the right." This is more than just a tax cut story. It's about a fundamental shift in power and wealth from average people and the governments they had formed to represent them, to the capture of those governments and the economic enslavement of their people by corporate aristocracies. http://www.canadiandemocraticmovement.ca/displayarticle580.html

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  1. Tue Feb 08, 2005 12:01 am
    Not shown here, but on our website is a graph showing as corporate taxes decrease, the increase in personal taxation to take place of those lost funds. As corporations continue to reap record profits, you, I and every other Canadian earning less than $150,000 a year are expected to make up the shortfall. And when we can't, social services are cut instead.

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    If there was ever a time for Canadians to become pushy - now is the time - for time is running out on this nation called Canada.

  2. Tue Feb 08, 2005 1:26 am
    Oh, yes, the buzzword I hear all the time from these corporate types is that they have to remain 'competitive.'

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    Dave Ruston

  3. Tue Feb 08, 2005 1:50 am
    Competitive indeed. Canada already has one of the lowest corporate taxation rates, and far lower than our main competitor in the United States. Something has to give along the line, and if we continue to go on the same route, it will have to be social services of all types. Clearly most Canadians do not want to see this happen, but there you are, it is what is slowly happening. Or, we could just go the route of a debtor nation, and just borrow while running shortfalls.

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    If there was ever a time for Canadians to become pushy - now is the time - for time is running out on this nation called Canada.

  4. Tue Feb 08, 2005 3:49 pm
    Corporations are contributing to society's success by providing millions of jobs, how much more successful could anyone possibly want them to be? All those employed people pay tax in the jurisdictions in which they live, and in Canada - that's a lot of tax, so to imply they don't contribute is disingenuous.

  5. Tue Feb 08, 2005 8:21 pm
    You just don't get it. While corporate profits increase, and the few shareholders that really profit also see massive increases while both parties see their taxes drop does not excuse:
    employee wages staying stagnant for over a decade
    employees paying MORE taxes now than ever before

    Just because they provide jobs, does not mean that they can reap all the profits and put their tax burden onto that of their very workers. Or do you like paying more personal income taxes, property taxes and gas taxes etc to allow your local friendly corporate CEO to earn 500 times what you do? Or allow the corporate profits to flow out of Canada never to be seen again?

    As well, many industries leave behind huge costs for local, provincial and federal governments. They don't pay for it, we do. When they pollute but don't pay taxes, we pay extra in health care costs and clean up costs from our own taxes. They made the mess, they should have to pay for it.

  6. Tue Feb 08, 2005 8:28 pm
    You just don't get it. Tax them and they will leave.

  7. Tue Feb 08, 2005 8:50 pm
    That previous post is hardly true, in fact far fewer foreign companies set up in Canada as the corporate tax rates decreased. Some of the biggest deadbeats in canada are banks and financial giants. These companies are big because WE let them get big, we restricted the market and continually decreased regulations allowing them to grow even bigger. Where will they go? Banks are already laying people off right and left, soon we will have these economic giants with all our savings while employing next to nobody.

    Of course we are part of the problem there, at least those canadians who have mutual funds. Almost every mutual fund in canada holds a high percentage of these stocks, so when the banks lose, so does your RRSP.

    The big problem is NOT that corporations will leave, they will stay anywhere they can make a buck obviously. The real point is that they will pass on those increases to consumers. This is especially relevant in Canada where oligopolies control almost every industry. When you increase taxes you also have to hire more tax investigators (not cheap) and regulate within the industry. That's doable, but takes A LOT of impetus, something I doubt you'll see from any politician in canada.

    Also, keep in mind that small to medium sized businesses provide more jobs than the largest corporations (as a group). Anybody who has a small business knows damn well that the country is not 'business friendly' but 'corporate friendly'.

  8. Tue Feb 08, 2005 10:21 pm
    That`s right, its just corporate greed that tries to dictate that lower taxes will benefit the corporation, thereby benefitting society. And it has also become, 'take 3rd world wages or we`ll leave.' Then leave! But see, for years, Canada was and still is, a lucrative market. So if they want to sell it here, they should build it here! And if they pay good wages, then more people will buy their product! When governments used to have a backbone and a vision, they tried harder to ensure that corporations truly benefitted Canadian society! Fairer taxes, fairer wages, and STILL handsome profits were the order of the day! Now what`s wrong with that?

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    Dave Ruston

  9. Tue Feb 08, 2005 11:08 pm
    What's more about that statement - they will leave - let them leave if they don't want to contribute. For every multinational that leaves, a half dozen smaller enterprises - probably Canadian - are there stepping in to grab some profit.

    Small to medium size businesses pay more taxes, but employ more people. Increasingly, they are also paying better wages.

    Let the parasites go, others will always take their place.

    Isn't that the spirit of their vaunted 'free market'?

  10. Wed Feb 09, 2005 5:40 am
    "You just don't get it. Tax them and they will leave."
    Good, The door is open any time.

  11. Wed Feb 09, 2005 7:32 am
    What position do you have that you can afford to be a corporate apologist? Geez, unbelievable!

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    "Yeah, well, [Mr. President] we used all five fingers because that's the way our mittens are made." Antonia Zerbisias

  12. Wed Feb 09, 2005 2:26 pm
    Just as a quick reply, although corporations are undoubtably the biggest concern, there are many different types of corporations, they aren't all "bad". It's actually pretty easy to incorporate. Where it gets bad is when you have a government such as ours that is unresponsive, and seemingly uncaring as to the well being of its populace. While Monsanto is a monster, they didn't hold a gun to bureaucrats heads and force them to do business with them and sign over the market with not a study (studies were done by monsanto). Nobody forced our judges to side with them against farmers, however, most politicians know how fickle people can be and that being corporate friendly is self preservation.
    Again, check out the thread on direct democracy. If people dont' care enough to get involved, why would the government?

  13. Wed Feb 09, 2005 3:25 pm
    What position? Well down on all fours of course - rump in the air with kneepads on. They enjoy getting shafted, but are not smart enough to put it all together.

  14. Wed Feb 09, 2005 11:41 pm
    Most corporations are evil. They want to eliminate real competition, eliminate democracy and freedom, because, it interferes with profits, and they want to control everything, without public accountability. These corporations hijacked democracy and turned it into fascism. Sweatshops are good, and environmental laws are bad. Everything is a commodity. Obscene profits are god. And if people starve, go without health care, or soon, water, because the price is too high, well, that`s just business. And if certain governments resist corporate fascist globalization, then it`s time to send in the US military.

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    Dave Ruston



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