January 7, 2011 10:22:00 AM
A recent edition of the Dispatch had an article by Alan Sayre about competition among the Southern states to attract businesses. While such an effort can have well-known benefits, there is something ironic about the leaders of our corporations speaking publicly (and loudly) against taxes and "government give-aways," while they line up for "economic sugar plums" paid for by the very taxes which they claim to oppose.
The one thing worse than a poor person "exploiting" the social safety net is an already wealthy corporate type angling for free tax dollars to make himself even richer.
In his article, Mr. Sayre also writes about competition among states to attract business. That is only part of the picture, and very much the smaller part. What the workers in the South, North, East or West are competing against are Mexico, China, India and others. A small tax break here and a modest "sugar plum" there means little when compared to almost no environmental restrictions, no bother about health benefits, and wages which are one-tenth of what we could live on.
What does Mr. Sayre have to say about that kind of competition? And, more importantly, what do our representatives in Washington have to say about it? Republicans, Democrats, or even Tea Party members please come forth. Are you ignorant or are you just not representing the interest of the average American?
hope commented at 1/8/2011 2:47:00 PM:
In 2010, a study by the GAO says most U.S. and foreign corporations doing business in the United States avoid paying ANY federal income taxes, despite trillions of dollars worth of sales. To listen to CNBC and FOX, it needs to be lowered from 35%. "MORE PROPAGANDA."
The wealthy benefit most from tax subsidies. The U.S. government spent nearly $400 billion, mostly through tax breaks, in 2009 to promote home ownership and other wealth-building strategies and more than half of that benefited the wealthiest 5 percent of taxpayers.
Republicans----Don't raise the tax on the rich.
Non-financial companies in the Standard & Poor's 500 had a record $837 billion in cash, according to S&P, in 2010
CofC, and Republicans----The health care bill will be too costly for them. "MORE PROPAGANDA."
House votes to end big oil tax breaks, but the senate votes to let them keep their $35 billion over the next 10 years. In 2008 and 2007, the 5 biggest oil companies made a profit of $100 billion and $123 billion. But they need the tax breaks to expand domestic drilling. 'MORE PROPAGANDA."
Our working men and women, who now are at the hands of John Boehner and the Republicans, the CofC, billionaires and millionaires, who promote their own greedy agenda through Fox, CNBC, and a host of talk radio shows and organizations, will be crying along with Boehner before the elections of 2012. "GUARANTEED."
riverrat commented at 1/9/2011 7:55:00 PM:
Don't know very much about economics do you hopeless...please allow me to rephrase the questions: don't know anything about economics do you hopeless?
melody commented at 1/9/2011 9:27:00 PM:
I was hoping hope would wise up in the new year but looks like hope is still overdosing on loco weed.
hope commented at 1/10/2011 12:32:00 PM:
During the recession, the rich got richer and the poor got poorer. After the recession, the poor are still poor and the rich are richer. The wealth gap between the poor and the rich is the highest on record.
I can understand where you two are coming from because of FOX and other news networks that refuse to report facts but a lot of propaganda.
I do not watch FOX but I do like to see what new propaganda they are putting out.
Just last week, they said no hospitals are being built because of the health care law. And that would eliminate competition and make medical costs go up.
What they didn't tell us, the hospitals not being built are by Doctors because the healthcare bill will not pay on medicare and medicade patients if they are not in operation in 2010(Owned by DR.'s)
Now the Doctors have hired lobbyists to overturn that provision and probably the healthcare bill too. It's not what's good for the people, but what's good for special interests. Now we can see more clearly why the Republicans want to do away with the healthcare bill.
Who can the poor and middle class depend on to help them?