listening to the Glenn Beck program this afternoon on FOX news television.
In fact, all this past week I’ve closely monitored Mr. Beck strongly vocalizing complaints about taxing the wealthiest sectors in America, and, reasons for which he states the majority middle class taxpayer in America ought not ask the rich to pay larger shares in taxes in repairing both the American national and international economy.
In my assessment one cannot merely analyze the current global economic crisis in terms of social class alone.
I strongly disagree with Mr. Glenn Beck and here is why.
1) I don’t have the black & white footnotes handy, however, it is an historical axiom the wealthiest 100 or so corporations in the entire world (Fortune 500) are located in the, United States being U.S. companies. And as such, it is also a social fact through the various tax loopholes, those wealthiest companies in the world, all these U.S. companies/multi-national corporations, only pay about 10% of American taxes.
2) These wealthiest multi-national corporations in the world get away with paying only about 10% of all the United States taxes owing to the ridiculously corrupt unfair governmental tax loopholes existing in the American economic system prsently.
I wonder why Glenn Beck does not tell us this whilest sitting there on television switching around his tagged eggs in a basket(?) Perhaps he wants to answer me here in this forum.
3) Consequently, the middle class and lower class American taxpayers pick up the rest of the tax payer tab because of the unfair governmental tax loopholes.
This is why one cannot merely complain about the American/Global economy being repaired by any one single solution. It is so much more than merely a black and white monetary tax matter.
4) I think the myriad of tax loopholes existint presently and passed by US Congress in American government for corporations and the rich necessitate great change first and formost before we can began debating wherefore the rich ought not carry more tax burden Mr. Glenn Beck.
5) These facts can be easily discovered and read in the endnotes of John Perkin’s most recent books on the evils of the IMF, WTO and World Bank. I strongly suggest everyone read Mr. Perkins books because they really reveal the truths effecting not only America’s broken economy but the vitally important interconnections of the aforementioned organizations and whereby they effect all of us globally.
6) Contrary to what Glenn Beck tells the American public either inadvertly or advertently regarding shares of tax burdens and problems therefof in America, the fact remains the average American worker has very little control how much he pays in taxes, it is taken out of his paycheck.
7) Inversely, the wealthiest corporations in the world, most of them right here in America raking in billions of dollars annually, only pay about 10% of the American tax burden and they, are not paying there fair share.
Furthermore, when the wealthiest of these American companies invest overseas, exploiting the cheap labor available in say, Southeast Asia, they not only DO NOT pay their fair share of the American tax burden like they should, they cause global economic crises as was evident in South East Asia. How does this come about you ask (?)
It is many times more simple than most American think.
1) Companies flee the US to exploit cheap labor in say, South East Asia.
2) This works well for them, for a little while.
3) Then the Asian workers begin asking for democratic rights such as labor unions and health insurance. The wealthiest of these American companies refuse to grant the Asian workers such.
4) The workers rebell, protest and riot about demanding their true democratic rights. They want the same health benifits as American workers receive. They don’t get them.
5) The Asian workers picket instead of working for the American companies as occurred in the South East Asian economic crisis.
6) The American companies flee South East Asia leaving the Asian economy and global stock markets in complete chaos rather than grant workers in Asia democratic rights.
7) This then effects everyone including blue chip stocks in American and in the world's wealthiest countries.
8) The Asian economy is then left with nothing, the American middle class taxpayer picks up the tax tab and the American governmental administration bails the wealthiest US companies out indefinately so they can repeat their mistakes!
I thought President Obama was going to bring the right changes as a liberal helping the middle classes in America givign the people what they fully deserve. But his recent antics insofar as allowing earmarks on US Stimulus Bills until ”next time,” just is not socially just!
3/12/2009 6:11 PM EDT
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lpcyu wrote:
http://www.scribd.com/doc/4621083/Confessions-of-an-economic-hit-man-by-John-Perkins
I highly recommend reading John Perkins' book at the above link no charge.
John's book is an absoltely factual account of how the world works.
My father, Irwin Starr, knows many of the "Main" persons mentioned in the book and I met most of them as a young girl. My father worked for Chas T Main in Boston during the time Mr Perkins did and I spent a sizable amount of time myself at Hotel InterContinental in Indonesia in the early 1970s.
