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Old 03-24-2013, 12:22 PM  
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Corporate Welfare. Employees taxes go directly to employers.

Now, this article does seem to be anti-republican, ignore the last paragraph. The facts still remain, if you work for a large corporation, the tax money withheld from your paycheck goes directly to the corporation for CEO bonus or something.

Republicans will say it helps creates jobs, etc. Democrats will say this is horrible. But truth is, it doesn't matter which side you are on. America is designed to feed to elite while shitting on the middle class, regardless of which party is in office. IMO, the USA has 1 party and that's the elite.


http://www.reddit.com/tb/1awv6k


"It’s now up to 21 states. In 21 states, they’ve passed a law that says that taxes withheld from your paycheck, for the state, can be kept by the company. Now, every employer doesn’t get this windfall — you have to have to get a deal from the government to do it — 2,700 big companies, every big company you’ve ever heard of, General Electric, Procter and Gamble, Deutsche Bank, you name it, they’ve got these deals, where they get to keep the taxes. Billions of dollars are diverted this way. You know the best thing for the companies about this?"


Taxes have been a part of government for as long as there have been things to tax, and the general idea behind them is pretty well understood. The government takes a portion of everyone’s income and spends it in such a way as to improve things for everyone in one way or another. That could be defensive spending, such as military technology or troop wages, administrative costs will always factor in, educational funding, etc. And that’s the way it works in America. Or is it? In truth, corporate lobbyists have ensured that our convoluted tax code heavily favors corporations. The fact is that it’s even possible, if you’re employed by a large corporation, that you’re paying your taxes directly toward your employing company.

In his recent book, The Fine Print, Pulitzer Prize-winning journalist David Cay Johnston explains the laws that allow corporations to go to war with the American working class. In an interview with Alternet, he said the following:

It’s now up to 21 states. In 21 states, they’ve passed a law that says that taxes withheld from your paycheck, for the state, can be kept by the company. Now, every employer doesn’t get this windfall — you have to have to get a deal from the government to do it — 2,700 big companies, every big company you’ve ever heard of, General Electric, Procter and Gamble, Deutsche Bank, you name it, they’ve got these deals, where they get to keep the taxes. Billions of dollars are diverted this way. You know the best thing for the companies about this?


The workers don’t know, because once the taxes are withheld, the state government treats you as having paid your taxes. You paid your taxes. They just then give a credit to let the company keep the taxes. I’ve called journalists. I’ve called union people who negotiate union contracts. And they say, “What are you talking about?” I showed them the work I’ve done. They go, “Oh my God!” They have no idea that this is what’s happening, and the fact that it’s spread from the 16 states when I first wrote about this and it’s now grown to 21 – eventually, all of the 44 states with income taxes are going to allow this, if we don’t put a stop to it.

He also addresses the fact that a lack of regulation is actually limiting to competition when it comes to capitalism, as more successful businesses will rapidly form industrial monopolies and oligarchies:

I want more competition. Here’s what really goes on, however. We put up barriers to competition, and in fact, Wall Street has institutionalized this concept. Morningstar, they’re a big financial advice firm. They tell people that they should grade companies and decide whether to buy their stock, based on something called a “moat index.” Moat, like around a castle? A moat index asks, “What barriers has the government erected to keep anybody else from competing against that company?” Indeed, as I show in my book, you could get rich if you invest in those companies that have regulatory moats — where under the name of deregulation, we have insulated them from the rigors of the market.

This is the real welfare in America. Corporate welfare. Where the rich get richer, and they pay other people to convince Republicans how important it is to vote for conservative puppet politicians that will vote for laws that allow “the American people” to keep more of their income tax dollars — which really benefits the rich. In reality, it’s the Republican Party that is engaging in wealth redistribution. The difference in their version? They’re redistributing wealth to the top.
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Old 03-26-2013, 11:52 AM   #31
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Quote:
Originally Posted by KILLER_CLOWN View Post
Corporatism will be the end of America, they make every decision as it is.
yup. George Carlin knows what's up. The man was a genius (probably "batshit" crazy in a lot of people's minds). Spot on.



The real owners are the big wealthy business interests that control things and make all the important decisions. Forget the politicians, they're an irrelevancy. The politicians are put there to give you the idea that you have freedom of choice. You don't. You have no choice. You have owners. They own you. They own everything. They own all the important land. They own and control the corporations. They've long since bought and paid for the Senate, the Congress, the statehouses, the city halls. They've got the judges in their back pockets. And they own all the big media companies, so that they control just about all of the news and information you hear. They've got you by the balls. They spend billions of dollars every year lobbying * lobbying to get what they want. Well, we know what they want; they want more for themselves and less for everybody else.

But I'll tell you what they don't want. They don't want a population of citizens capable of critical thinking. They don't want well-informed, well-educated people capable of critical thinking. They're not interested in that. That doesn't help them. That's against their interests. They don't want people who are smart enough to sit around the kitchen table and figure out how badly they're getting ****ed by a system that threw them overboard 30 ****ing years ago

You know what they want? Obedient workers * people who are just smart enough to run the machines and do the paperwork but just dumb enough to passively accept all these increasingly shittier jobs with the lower pay, the longer hours, reduced benefits, the end of overtime and the vanishing pension that disappears the minute you go to collect it. And, now, they're coming for your Social Security. They want your ****ing retirement money. They want it back, so they can give it to their criminal friends on Wall Street. And you know something? They'll get it. They'll get it all, sooner or later, because they own this ****ing place. It's a big club, and you ain't in it. You and I are not in the big club.

This country is finished.
Posts: 11,752
Bump has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Bump has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Bump has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Bump has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Bump has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Bump has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Bump has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Bump has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Bump has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Bump has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Bump has parlayed a career as a truck driver into debt free trailer and jon boat ownership.
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