Friday, July 8, 2011

Big Business, Little Tax

Many big business paid little or even NO taxes since 2008. They include Boeing, Dupont, Exxon Mobil, FedEx, General Electric, IBM, Verizon Communications, Yahoo, American Electric Power, Honeywell International, and United Technologie...s. Some of them even received tax refunds!!!! Where is the profit going? Where is this supposed "Trickle-Down" econmics? In fact, Yahoo just 'trickled' its call center on 'down' to the Dakotas. Cisco, EA and Bristol-Myers Squibb have 'trickled' themselves over to Ireland. Even my beloved bank saddled-up and moved most of its operations out of San Francisco. To make matters worse, there has been a steady, rushing 'trickle' of international workers ushered in to take the few jobs available that actually pay a living wage. (God-forbid you adjust for inflation) Is it because many of these workers aren't receiveing medical benefits and the business can save millions?

Looking back, I see why George H.W. Bush allowed Clinton to slide in and push NAFTA. We're still feeling that backlash. Now, the U.S. dollar is being driven into the ground. Coincidence? I doubt it. Manifest Destiny is over, so the Rockefellers, Stanfords, and Vanderbilts of our day have no more West to win. Where else can they go? Apparently, its re-investing back in Europe in an effort to stimulate its deteriorating population. While America is being left to fend for itself. We still sell the dream, but in reality we fight over one, crumby slice of pie. Fortuantely I'm part Irish :)

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