Liberal free for all coming to an end

[Suckslut]

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.

[randolph]

Originally Posted by Suckslut

We'll never have a free market, or eliminate tax subsidies and loopholes until we overturn Citizen's United.

You got that right, Citizen's United is a terrible ruling.

In other countries especially in Europe, corporate tax rates are very high compared to the US. They are also subject to substantial regulation, yet they are thriving. Whining by wealthy corporate executives is like a spoiled child having a tantrum when it's parent won't give it more candy.
Also, one of our graduate students father worked for Emerson. He said the exec's take huge bribes to set up a plant in a foreign company.

[Enoch Root]

Originally Posted by randolph

Whining by wealthy corporate executives is like a spoiled child having a tantrum when it's parent won't give it more candy.

That is the very analogy I use myself often. It always amazes me how greed, selfishness, and control are not encouraged and in fact punished by parents when they encounter it in their children yet in the economic sphere they are some kind of twisted, debased high virtues.

[GRH]

Originally Posted by randolph

In other countries especially in Europe, corporate tax rates are very high compared to the US.

Technically, only Japan has a higher corporate tax rate than the US. However, we all know that many companies don't pay the statutory 35% rate thanks to the myrian number of deductions and loopholes.