Warning: This is a Horror Story.
Horror Story 2013: Sequestration. Cut food stamps for military families, veterans and all the poor. Cut pensions. Cut and fire teachers. Cut education budgets and close schools and libraries. Cut-cut-cut-cut-etc.
Corporations want more profits from the taxes that were meant for all of the above and more. They actually demand that instead of paying their fair share of taxes, they should be given the tax money collected from everyone except themselves.
Now, the interesting thing about this is that the process is truly bipartisan and non-ideological. The Republican Tea Party that controls Florida and the Liberal Democratic Party that controls Illinois wear different costumes yet serve the same corporate donors who contribute to their reelection campaigns. Under their costumes, they are identical corporate owned politicos who take money from us and give our tax money to their corporate sponsors. (This used to be called corruption until it was legalized by these same politico-legislators.)
Once in office, politicians squabble aloud and truly compete as to who can give away the largest amount of tax money to corporate “negotiators.”
“The Illinois-based Office Max is considering a merger with the Florida-based Office Depot, and if successful the new company will have to decide which state to call home,” states IllinoisWatchdog.org.
“Basically what the state is doing is paying the company not only to keep the jobs, but to decrease employment,” said Kasia Tarczynska. “This is not a good deal for taxpayers, because we subsidize these companies for something they would do no matter what.”
Read the full article HERE.
Now, how effective is this process for states in competition? Or, how destructive is it to men, women and children living in a state that gives away most tax money?
“Louisiana currently provides corporations with at least $1.79 billion per year in subsidies, incentives, and tax breaks, much of which benefits the resource (oil) industry. Meanwhile, the state ranks near the bottom in poverty, life expectancy, and infant mortality.”
-“Dirty South” by Ken Silverstein in Harper’s, Nov. 2013
You were warned that this is a horror story.
How will it end unless we squash the monster?
Sequestration. Cut food stamps for military families, veterans and all the poor. (Read HERE) Cut pensions. (Read HERE.) Cut and fire teachers. Cut education budgets and close schools and libraries. Cut-cut-cut-cut-etc.