How can things be so much worse now when the economy is essentially in the same place it was five or six years ago? The answer in two words is: Rising inequality.
Corporations are called “public companies” because they are just that: they are companies of individuals given special rights and privileges in exchange for serving the public.
The economy is growing. The money is there. It’s our democratic choice: corporate profits or public schools.
Europe’s big banks and vulture hedge funds should pay the price for austerity, not government workers and the poor.
The US economy has been growing since July 2009. So why aren’t things improving in the US realonomy?
To keep corporate income taxes low, either we have to keep individual income taxes high or we have to cut back on government services. In other words, it’s corporations versus people. That’s not class warfare. That’s simple arithmetic.
CEOs Get Massive Rewards for Dodging Corporate Taxes As the Super Congress eyes trillions in budget cuts that will undermine the quality of life for most Americans, here’s a stunning fact to contemplate: Twenty-five hugely profitable U.S. companies paid their CEOs more last year than they paid Uncle Sam in taxes. In other words, the [...]
If the companies that offshore their profits and design tax scams paid their fair share, we might not have a budget crisis.
The next time you read a story about some politician bemoaning that “there’s no money” and “we have to make cuts,” just point to artful tax dodgers in our midst.