Saturday, January 23, 2010
I get a decent amount of commentary from folks on Corporations.
There seems to be a common thread of Corporate fascism, and how corporate campaign contributions (small time) and money spent on lobbyists (BIG TIME) are the problem.
OK. I'll go with "they" (campaign contributions and lobbyist funding) are part of the problem. Corporate power comes from their ability to collect TAXES. The S&P 500 employs MILLIONS of people and collects income taxes from these folks before they are paid. They pay BILLIONS in corporate taxes, fees, collect sales taxes in the Bizzilions, etc...
And therein lies their leverage and power.
(Now guess who benefits the MOST from the tax collections? Tax Receivers. You see, in our democracy ANYBODY can vote, but not everyone is a Taxpayer. In fact, more than half of the voting age population, and 100% of the student voting age population, is a net Tax Receiver - they receive more in government assistance than they pay in taxes. No wonder student protests always seem to lean a certain way...)
Corporations are the efficient tax collection machines that have enabled (as in enabling an alcoholic) the U.S. social programs to get to sufficient size to bring down the entire system. Argue all you want, but America will be undone by Medicare and Social Security before the end of the decade, about the time my younger son will be entering high school... to put that in a time perspective. Our social programs will accomplish what Nazi tanks and Soviet missiles could not do, and these programs could NEVER, EVER have been funded without payroll tax withholding by the large corporations. Particularly by the big, polluting, environmentally destructive industrial corporations that the supporters of these programs pretend to HATE.
Talk about FOS (for a better explanation of FOS, please see George Carlin video I posted earlier).
Posted by The Short Story Man at 2:03 PM