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A battle over the budget is closing our schools, our libraries, firing our teachers and taking away collective bargaining rights. While the banks and largest corporations are also not paying any taxes, including Bank of America, Exxon Mobil, and GE. Protesters today gathered in NYC's Union Square for the Sound of Resistance protest. The Nation Institute's Chris Hedges weighs in.
While the banks and largest corporations are also not paying any taxes, including Bank of America, Exxon Mobil, and GE.
What is it you think will be accomplished by raising taxes on corporations and business's other than the cost of products going up?
The "raise taxes on corporations" mantra gets a lot mileage for many politicians but you fail to realize that ultimately you're just asking to be taxed yourself. You will be the one buying products from these companies at increased costs. The politicians love it because this tax you are paying is nicely hidden away in the cost of products where you the consumer never see it as a tax.
A battle over the budget is closing our schools, our libraries, firing our teachers and taking away collective bargaining rights. While the banks and largest corporations are also not paying any taxes, including Bank of America, Exxon Mobil, and GE. Protesters today gathered in NYC's Union Square for the Sound of Resistance protest. The Nation Institute's Chris Hedges weighs in.
Jeff Immelt is your President's financial advisor.
That GE doesn't pay taxes tells me that Obama doesn't do what he says. Obama even pays less taxes than Buffet's secretary does. Maybe you should have picked a different President.
A battle over the budget is closing our schools, our libraries, firing our teachers and taking away collective bargaining rights. While the banks and largest corporations are also not paying any taxes, including Bank of America, Exxon Mobil, and GE. Protesters today gathered in NYC's Union Square for the Sound of Resistance protest. The Nation Institute's Chris Hedges weighs in.
I'm not getting the connection between local property-tax payers reducing the disparity between their pay and pensions with their neighbors who happen to work for the city or the school system, and corporatism.
It's the stimulus time bomb. For example the Conservative leadership in my state cut education funding to levels slightly above the pre-stimulus package. The Democrats, teacher unions and anyone that saw their budgets expand under the stimulus package are now crying over the cuts even though they are getting more state funding than they did before.
When you see this mentioned in the inevitable onslaught of political ads coming against Republican incumbents take note if the cuts they are complaining about are from stimulus funds.
A battle over the budget is closing our schools, our libraries, firing our teachers and taking away collective bargaining rights. While the banks and largest corporations are also not paying any taxes, including Bank of America, Exxon Mobil, and GE. Protesters today gathered in NYC's Union Square for the Sound of Resistance protest. The Nation Institute's Chris Hedges weighs in.
What is it you think will be accomplished by raising taxes on corporations and business's other than the cost of products going up?
The "raise taxes on corporations" mantra gets a lot mileage for many politicians but you fail to realize that ultimately you're just asking to be taxed yourself. You will be the one buying products from these companies at increased costs. The politicians love it because this tax you are paying is nicely hidden away in the cost of products where you the consumer never see it as a tax.
"Raising" taxes on corporations? In many cases it's a matter of getting corporations to pay any tax, i.e. closing loopholes. If corporations want to maintain the fictitious status of "persons", they need to pay taxes like "persons". Bank of America actually got some kind of tax refund in the millions from the Fed Gov't! Why shouldn't corporations pay their fair share?
Its the fact that people relied on others to fund their wants for deacdes and accpeted that others would continue to pay or be willig to go in debt natinally to finace things the wanted. Tese things are losoing funding because local who want them do nt want to support them financially themselves.
"Raising" taxes on corporations? In many cases it's a matter of getting corporations to pay any tax, i.e. closing loopholes.
I'd agree the loopholes need to be closed but only because it causes an unlevel playing field. Ideally you close them by eliminating the taxes. There is nothing to create a loophole for.
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Why shouldn't corporations pay their fair share?
Again those costs are passed onto you, a corporation is just the tax collector. If you're in business there is the light bill, phone bill, tax bill etc. Those are all expenses that are passed onto the consumer, you don't see it as a tax because it's hidden in the cost of the product.
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IMO good description of what's happening all around us.
