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Wednesday, November 06, 2013
The Rich Are Abandoning America
After using our commons to build their fortunes, the super-rich are abandoning America. Since 2008, wealth in our country has grown from $47 trillion to $72 trillion, but our society has gained nothing as a result of that increase. There's been virtually no infrastructure, no increase in tax revenue, and no contribution to our society, because the wealthy aren't supporting this nation, and corporate taxes have been cut by half. In addition, for the first time in our nation's history, the rich think they don't need American middle-class workers. Globalization has allowed them to build factories in China, India, or some third-world country. The super-wealthy use the benefits of our commons to make money, and then find tax loopholes to deprive our nation from at least $300 billion dollars a year in tax revenue. Despite using our airports, roads, police, and justice system, the wealthy continue to believe that they made their fortunes without any help from American society. And, after they've hoarded all their cash, many are simply moving to tax-haven nations to avoid contributing at all to the nation that made them rich. Yet, they have the audacity to call us the takers...
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6 comments:
The same folks that are unhappy the investors are using off shore sourcing are the same ones that won't buy American goods because they're too expensive yet protest what they call sweatshop wages. One can't pay high wages for poor performance and charge a lower price than costs.
BULLsmit... It is because companies are getting to big and killing off all the small home town businesses. Big Mega Stores and companies are destroying America and the World. Low prices are great but they come at terribly large expense to society.
There is so much more but only so much time and space here.
Can we move Obama and his stupid A$$ family back to Kenya?
I don't like O, but this was going on long before he was in office and 3:03 gets it.
When a large percentage of retail employees are on welfare/medicaid because they are not paid a livable wage, then the cost of your cheap item has more than doubled because it is the taxes in your pay check , sales taxes, gas taxes , rain taxes that are paying to subsidize their standard of living.
And corporate america just keeps getting richer, off you.
Their not real Americans if they do this.
I have a pitchfork and I can easily fashion a torch. When do we start the purge?
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