Quote:
Originally Posted by smc
Corporations exist to maximize profits to SHAREHOLDERS. If they could do that without making a single thing, or employing anybody who does anything that has any social value whatsoever, they would do so (look at Wall Street).
When the corporate bosses cry that they are overtaxed and overregulated, and then they get special breaks and subsidies from U.S. taxpayers, they're quick to up and leave and take jobs with them the minute they find a place where they can maximize profits for their shareholders.
Maybe we should get rid of all the regulation that hurts the poor corporations. Let's not have any standards to prevent toxic foodstuffs from being sold to retail supermarkets by agribusiness conglomerates. Let's not have a minimum wage. Let's not have requirements for safe manufacturing facilities. Let's not have any limits on what corporations can spew into the air or dump into lakes and rivers. After all, the corporations are people, too -- so says the ridiculous Citizens United ruling by the U.S. Supreme Court -- and since they have much more money than other people, why shouldn't they get all the breaks.
And if regular working people don't like it, they can move overseas just like the big corporations, right?
|
We'll never have a free market, or eliminate tax subsidies and loopholes until we overturn Citizen's United.