Corporate taxes are now and always have been a political game.
By Jack E. Lohman
A game used by some politicians to show how tough they are by going after corporations, but who are willing to soften up for cash bribes (campaign contributions, don’cha know?). And used by other politicians to (image this) fight for tax breaks for these same corporations, in return for (again) campaign contributions.
In both cases the taxes that are paid, plus the costs of avoidance for the taxes that are not paid, are 100% passed on to you the consumer. Or where they can finagle it, they are written off their taxes as a business expense which — you guessed it — are borne by the taxpayers.
Life is just not fair.
We are better off having zero taxes for corporations (to keep jobs here rather than in China and India), and raise taxes on the wealthy.
But guess what? Campaign bribes also flow here to keep the Fat Cats fat. And their competition in arrears. And their CEO salaries at the max.
How much good did the Bush tax cuts of 2001 and 2003 do? Where is all of the job growth that was promised then? Should we expect that an extension of those tax breaks will — 10 years later — create the economic growth we were supposed to see then? Or is this just more political gamesmanship?
The tax breaks were kept by the lucky recipient, not spent on jobs. And that’s all we can ever expect, because only increasing demand of product or services will create jobs. And stealing money from the middle and lower classes — the people expected to create demand — just won’t cut it. Never will.
Scott Walker’s tax giveaway in January will do more as political payback than for stimulating our state’s economy. And the tax cuts should go to ALL corporations, not just to those who give campaign bribes. (Which, incidentally, they also pass on to consumers.)
Our big problem …
… no, our ONLY problem… is campaign bribes. Corrupt politicians. And the sooner we can get them (including Scott Walker) off the payroll of the corporate interests that fund their elections, the sooner they will instead write laws that benefit the totality of our state and nation and return our economy to sanity.
It does not matter what your issues, follow the money and you’ll find a politician on the other end with his hand out. In fact, the Fat Cats love it when the people are diverted toward feel-good issues and away from the political corruption that feeds their tribe.
ObamaCare and RomneyCare in Massachusetts both suck, and both happened for the same reason: cash contributions from the insurance and health care industries. Neither were passed with the best interests of citizens in mind. Both mandate that citizens purchase a commercial product (insurance) from an industry that contributed heavily to their campaign. Paul Ryan’s plan to save Medicare, by privatizing it and adding 20% for-profit overhead, is a cruel joke.
And since there are only two forms of money — public and private — that means that private bribes got us here and only public funding of campaigns will get us back. Our politicians are not stupid, but they are greedy and too willing to give away the store (our store) for a price.
Fix the economy by making poor people poorer, and rich people richer? I don’t think so, Paul, but thanks for your advice.