[Art of Corporate Monster @2004 by Wendy P. Lee]
You've seen the signs promoting something call the Fair Tax. As I understand it, the so-called Fair Tax would abolish the graduated income tax and increase sales taxes so that all people would pay a "fair" tax.
'Tis a bothersome thing that not a few people who should know better are climbing on the band wagon in support of this nonsense. This is just one more scam by which the rich would pay even less tax than they do now relative to their income and the rest of us would end up paying more. The graduated income tax is much "fairer" than the so-called Fair Tax program advocated by these know-nothings.
Under the Bush administration we have become involved in the Afghan War, the Iraq War, something undecipherable known as the Terror War and so far as the great majority of the people in this country are concerned, the Class War.
Under the Bush administration, the rich have become enormously richer, the middle class has been decimated, and the poor - well, let's just say they have been clobbered mightily!
Nowhere has this class war been portrayed more dramatically than in a Congressional report which revealed that fully two-thirds of the corporations in our beloved land avoided paying any income taxes between 1998 and 2005! They paid NONE!
Not only so, but this report, which came from the Government Accountability Office, further noted that 68 percent of foreign companies doing business in the United States paid no corporate taxes during that same time frame!
What's involved here are "trillions of dollars in sales."
How do these corporate pirates get by with this? The GAO (which didn't identify specific companies by name) claimed they "escape paying such taxes due to operating losses or because of tax credits." In other words it's an accounting scam, made possible by their government friends in high places.
Consider these stats: In 2005, almost 120 million U.S. companies avoided paying any income tax to the U.S., and 38,000 foreign companies racked up NO tax liability. Many of the U.S. corporations are behemoths, which means they held some $250 million in assets and garnered a minimum of $50 million is receipts.
Senators Byron Dorgan, D-ND, and Carl Levin, D-Mich, requested the study. Dorgan said he thought "It's time for the big corporations to pay their fair share."
Hells bells. It's time for the big corporations to pay any share!
When you throw into this mix of corporate welfare the Bush tax cuts, which have been a gift from heaven to the richest of the rich, it becomes quite clear that the Repugnicans have declared war on the poor and the middle class!
It's also clear that this class war has been engaged through the connivance of a Congress beholden to the same corporate interests as the Executive Branch.
How it will end is not clear. Right now the middle class and the poor are losing badly. We have few weapons with which to fight, other than the ballot box, and the Repugnicans have been working hard to negate that particular armament, too.
Of one thing you can be sure: John "Surely MacCaine," the mega-rich Arizona senator, the best friend a lobbyist ever had, the man to which corporate America turns for help, will not join sides with the poor and middle class if elected prezident!