Subject:
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Corporate Responsibility
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Thu, 24 Jul 2003 09:27:53 GMT
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Viewed:
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241 times
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Corporations get extraordinary benefits from being fictitious persons here in
the states. My problem is that I don’t see corporations holding up their end of
the bargain...
Corporate Tax Cheats Wreak Havoc On The Neediest Among Us
http://www.commondreams.org/views03/0723-08.htm
All across corporate America, high-priced accountants are hard at work helping
companies avoid billions in taxes by hiding profits in a host of tax sheltering
schemes. No summer vacation at the beach reading trashy actuarial tables for
these guys. And they’re doing a bang-up job: Corporations are currently turning
over 30 percent less of their profits to the taxman than they did 20 years ago.
Meanwhile, all across the country, state governments, facing the biggest budget
crisis since the Great Depression, are being forced to slash programs and cut
services.
Gee, do you think there might be a connection? You can bet your vanishing
after-school care, prenatal health program, and local law enforcement service
there is.
According to a new study released last week by the Multistate Tax Commission, a
nonpartisan coalition of state taxing authorities, corporate tax shelters robbed
states of $12.4 billion in desperately needed revenues in 2001 -- a figure that
represents more than a third of the money corporations rightfully owed.
This is a subject near and dear to my heart because I don’t think the world has
adequately considered the full ramifications of having national and
multinational corporations. This problem is coming home to roost: think
serfdom.
This is not a small problem -- it is a fundamental problem that goes to the
roots of our capitalist/industrial economy.
BTW, there are fairly obvious fixes for the problem, it’s just that status quo
politics will never find the remedy -- there’s too much money to be made in not
finding the solution! At the same time, we can readily eschew the solutions
offered by socialism and communism as having obvious dead-ends of their own. We
need do nothing outside the rules of our beloved democratic republic to fix the
situation. Of course, WE may no longer be in charge of things...
I would specifically call attention to the fact that the problem presented by
corporations is one of the collective against the individual. An alternative
scenario might be that of the private collective against the public collective.
I know where I stand -- with my countrymen and against the private collective.
-- Hop-Frog
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