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How Corporate Conservatives Have Lied To Us For 30 Years
Americans love to debate taxes, conservatives believe the government confiscates their money while liberals believe taxes are “dues” you pay to society. These dues are much like the ones you pay to a country club even though you never use the pool, sauna or tennis courts, you still pay the same amount.
A conservative doesn’t complain about paying $5-10K for his country club dues, even though he never uses those facilities, but he complains about taxes being used in our schools that he doesn’t use, our libraries or council on aging.
The lie that we hear every single election year is that the corporations are paying too much in taxes, that’s why the middle class is hurting and that is why our factories are closing. The liberals raised taxes to much on the businesses and they went off to greener pastures. Again that is the LIE they have sold us. Look at this picture and read this World Bank article.
This illustration shows that the effective tax rate, (the amount actually paid to the government) in the U.S.A is substantially LOWER than Italy, Japan, Brazil, CHINA, INDIA, Canada and Germany.
Notice my emphasis on China and India. Most of our jobs are leaving to Countries and the have a HIGHER effective tax rate.
So why do conservatives continually beat the drum on taxes? The answer is simple, if they actually told you the REAL reason they would NEVER get elected.
These companies that shipped American jobs overseas are looking for CHEAP labor. It’s not the taxes at all. The conservatives know this, but if they blamed the American people rather than taxes, there would be riots on the streets and you would never see another conservative elected to office.
More and more American companies are hiring overseas rather than here in the U.S.A., according to an AP report.
More than half of the 15,000 people that Caterpillar Inc. has hired this year(2010) were outside the U.S. UPS is also hiring at a faster clip overseas. For both companies, sales in international markets are growing at least twice as fast as domestically.
All but 4 percent of the top 500 U.S. corporations reported profits this year, and the stock market is close to its highest point since the 2008 financial meltdown.
The report focuses on emerging middle class markets in China, India and Brazil. As we have stated above, the effective tax rate in those Countries are higher than here in the U.S.A, yet the economy is moving and the American companies are hiring in those “high tax” countries. Obviously, the HIGH taxes had little to no effect on their hiring practices. The conservatives here, stateside have told us differently.
Essentially, THEY LIED! They knew all along what they were doing.
The conservatives have sold us down the river. They have covered up for their corporate friends, as they shipped our neighbors’ jobs overseas and placed blame on our government and the “taxes.”
The fact is, the American labor force makes too much money, our standard of living is too high. The companies that move overseas are looking to increase their profits at the expense of the American people.
I believe it’s time for a real “tea party” and dump the Corporate Tea overboard along with the conservatives who covered the backs as the corporations sold us out.