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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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.
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Dave Ruston
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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.
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.
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'.
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Dave Ruston
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'?
Good, The door is open any time.
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"Yeah, well, [Mr. President] we used all five fingers because that's the way our mittens are made." Antonia Zerbisias
Again, check out the thread on direct democracy. If people dont' care enough to get involved, why would the government?
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Dave Ruston