April 25th, 2012
By Frank Glenn -- Republicans have made themselves almost ridiculous in the past several years championing
the cause of the poor "job creators". They lament the onerous regulations businesses have to endure (over-regulation, they call it, which really means any "rules" we make for how businesses must conduct themselves) -- and they enumerate endlessly the terrible things that happen to businesses if you raise their taxes a penny (now many of these corporations are companies that pay no federal income taxes on billions of dollars of profit to begin with). The way it hurts the economy so -- and prohibits "job creation". They lament, in hushed tones -- the "uncertainty" that is scaring businesses so much that they just don't know what to do! All poppy-cock and all lies, of course. Remember WMD's in Iraq. Same thing.
The reason corporations are not creating jobs here -- and wouldn't even if the tax rate was Zero
-- is that they are investing their capital in emerging economies around the world where the profits are guaranteed and enormous profits are fairly certain, as well. No array of incentives would change that either -- because it is not about uncertainty -- or taxes -- or regulation -- it is simply about where they can go and make the most money with the least risk and expense. What's the old Thunderbird School of International Business shibboleth? "You go where you can get the raw materials and resources for the factories is least expensive -- take it to where labor is cheapest (China, Mexico, Vietnam, India, Brazil) and the factories in those slave-labor countries manufacture the finished goods for you -- then they ship the finished goods to the largest, wealthiest, consumer countries to maximize their profits. It's just business. It's just that the well-being of the American working people are not part of the business equation when deciding where and how to invest their corporate profits and the Congressionally mandated loop-holes, deductions, and write-0ffs.
All that is happening now is that corporations are just biding their time during this transition period
until the emerging sub-middle-classes emerge in these "third-world" countries -- and then the corporations will have no need whatsoever for an American middle-class -- they will just sell these cheap product where they make them -- and they won't have the added expense of shipping them across the ocean -- or trucking them up from Mexico. They are willing to go slowly, so that their wages only increase a tiny bit at a time -- until those cheap laborers can buy the cheapest of Chinese and developing country-manufactured products. So despite what politicians tell you, that is the underlying transformation in world economies politicians are trying to straddle. How do they placate the ultra rich enough to keep them donating to their campaign coffers and keep the wealthy inviting them on trips and to their American Legislative Exchange Councils, golf tournaments, and all expense paid "information-gathering" junkets -- and keep them funding "Super-Pacs" and such that support them -- as long as possible -- while trying to make the "needy" and "entitlement" dependent American middle-class and working poor people pay for these "transition to economic royalism" costs -- in the name of "individual accountability", "responsible" deficit reduction, and the supposedly ubiquitous desire for "smaller government" rampant across America.
If the yes men for the "economic royalists" run out in press conferences and cry that if we tax
millionaire and billionaire "job creators" one plug nickel more it will just hurt them so much and cause them so many jitters and - and oh so much "uncertainty" that they'll just be too nervous to create any more jobs at all. These Republican alter boys actually have it correct, though, when they say their corporate priests and masters are job creators - they're just not creating any of those jobs here in the United States any more. They are creating jobs in what were -- and in many cases still are -- third world countries where they are paying $0.30 to $3.00 per hour for slave labor, with no benefits and no environmental safety guidelines or any safety regulations protecting workers to speak of.
So I have an idea: if they are job creators, let's reward them for those jobs that they create.
Let's take away all the tax-loop holes, investments tax credits, and special tax breaks on un-earned income. Let's give a $10,000 tax credit for each job they create in the United States and charge them a $10,000 tax surcharge for each job they out-source - and /or each person they lay off. These "job creators" -- the ones Boehner, Kantor, McConnel, Ryan ( and lately, George W. Bush himself -- worry over and "pity-pot" about, should love that.
In fact, let's really reward these job creators! Let's make the law the "job creator incentive law" retro-active to 1980.
All you mighty job creators are really going to get rich, now, right? Oh come on. It's just what you always wanted -- to be recognized and rewarded for the being the job creators that you are. And if you're real "job creators", you're going to make out like the bandits you are -- or at least that you always wanted to be! You get paid by the United States government and the American people for doing what you wanted to do all along, anyway. Make money!
April 20th, 2012
By Frank Byronn Glenn -- In an unbelievable sequel to the "War on Women", the Republicans,
emboldened by the "Citizens United" Supreme Court ruling, have doubled down on their predatory behavior and believe that eliminating or drastically reducing programs for working people in America and giving it to the rich in the form of tax breaks will be a winning formula for them in the November elections. It may be, but I can't for the life of me imagine who is going to vote for these alter boys for the rich in the fall elections.
This class warfare by the rich against the working people of the United States
has been going on since the days of FDR and the New Deal, and gained steam with the 1980 election of Ronald Reagan, a New Deal democrat who switched to an anti-New Deal Republican as soon as he got a little money together himself -- and found out that it paid pretty well to be an ex-movie star alter boy for the rich and greedy.
Every one of the 1% ,by any measure, have enough money to last several lifetimes
-- even if they spend stupidly and profligately for a several lifetimes. But the nature of their compulsive acquisition disease syndrome and unbridled, criminal fraud and greed against their fellow citizens by the wealthy and privileged -- aided and enabled by their predominantly GOP boy servants and girls servants in Congress.
Eric Cantor struck a new low-blow for moral bankruptcy in Congress
when he charged out in front of the American news media and self-righteously castigated these hard-working Americans because "nearly half of them pay no income taxes at all." He did not address the fact that many of them don't pay income taxes because they are either impoverished, or hovering near the poverty line even though many of them work more than one job. He also did not mention that while many of them in the lowest income brackets in America do not pay any or much federal income tax, they all pay Social Security, Medicare, worker's compensation, sales taxes, and many other fees, licenses and local and state taxes, including, in many cases, property taxes (at least the ones lucky enough to still own a home after the banker-instigated financial crash of 2008). He also did not mention that they average minimum wage earner pays approximately 7% of his or her income in Social Security taxes, while a corporate executive making $150 million dollars per year pays .00005% of his or her income in Social Securitytaxes. That is a tax so regressive and unfair that if the inequity was widely publicized working people of America would, and rightly so, would be in the streets with guillotines chanting "off with their heads!"
Perhaps James Carville said it best on the Bill Mahr show several months ago. "
If this keeps up, the 1% is going to have all the money in this country -- and the 99% is going to have all the guns -- and they're to take their guns and go and get the 1%".
Rich people don't believe that because they believe they have the money --
so they have the power on their side. They believe they have the important people in government. They believe they have the police on their sides. They believe they have the military on their side because they have the government on their side.
The thing they overlook, perhaps, is that almost all of those people that they
think are their protectors -- have someone who is being negatively impacted by the cruel and unusual inequality of income and wealth distribution in the United States. And when "push comes to shove", those "protectors" they feel so secure and smug about having on their sides, may pause in the heat of the battle and say, "Wait a minute! Those people over there -- with the molotov cocktails and pitchforks -- and their "Second Amendment guns" -- those are my people. Those are my co-workers, family, friends, and they are poor just like I am. I'm going to fight for my people not the guys who have lied, cheated, stolen, corrupted, connived, and coerced everything and everyone in their lives -- so they can make a few more bucks that they don't even need -- even if a few million Americans have to go without schools, healthcare, food, houses -- and in some cases -- even clean air and sanitary water. Yeah, you're right, James. Then things will get a little too hot for comfort for those wealthy, selfish individual and corporate chieftains that haven't already packed up their heirlooms and art collections and fled to some gated community in Dubai or United Arab Emirates. Give us time, you economic royalists, you. Give us time!
That sad thing about compulsive acquisition disease. You can't recover from it. It's impossible for you to comprehend the concept of fairness -- and equality of distribution of income, wealth, and opportunity. Sometimes, in order to get you to share a little of your excess with the rest of us who have next to nothing -- we will most likely have to pry it from your -- cold -- dead -- hands!