by KeithE » Sat Jul 16, 2011 12:02 pm
Correctamundo Sandy!
This belief that letting corporations evade their taxes, have tax holidays to "repatriate" their offshore profits w/o taxes will lead to jobs is wrong headed. They said the $800B bailout of the financial giants would lead to loans to businesses (large and small) and thereby jobs; that did not happen. Instead there was a 23% rise in exec pay, 8% rise in executive bonuses, a re-assembly into larger corporations thru buysout with the bailout money.
I say give tax breaks for bonafide job creation (or better yet job salary creation).
This notion that so-called "producers" in our society should be rewarded in no doubt true. But those at the top are merely orgainzers of work, they are seldom the innovators nor do they "produce" anything. It takes all manners of peopel to make a company profitable - innovators, hands-on makers and things or doers of services, managemnet to organize it, salespeople to keep teh product(s) sold, transporters ofraw materials/information from their sources to teh factory/office to the public again. The management (just because they can) have taken the lion's share of the profit for the last few decades and looking for ways to take more (e.g. cheaper labor, non-payment for cleanup of what they leave behind, etc.). This is what FoxNews/Murdoch and the Koch brothers (to name a few) are all about and they have hijacked the RW (be they low, middle or high income) in their favor - Eric Cantor being one of the worst infected with such false beliefs.
My SS lesson that I'm preparing for has loads to say about such "oppressors" in power. Jer chapters 22-25. Read it.
Informed by Data.
Driven by the SPIRIT and JESUS’s Example.
Promoting the Kingdom of GOD on Earth.