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ErgoTheMirror
reply to post by neo96
You misunderstand... I agree with you. That's the simplest response to give to someone stating "Give them a living wage!"
Challenge them to explain why raising minimum wage to $50 isn't viable then.
wonder if corruption is too big to fail
freedomSlave these kind of people are greedy beyond belief
RoScoLaz
freedomSlave these kind of people are greedy beyond belief
i'm not even sure they're people.
Visitor2012
What the does any of this have to do with multi-trillion dollar corporate welfare?
Up until the 1890s, a corporation couldn’t last more than 40 years in any state – which prevented them from being used as a tool to accumulate massive and multigenerational wealth. A corporation had to behave in the public interest, and when they weren’t, thousands of them every year were given the corporate death penalty, their assets dissolved and their stockholders losing everything (but nothing more than) they had invested.
Companies are now free to demand not just huge welfare payments, tax breaks, and subsidies, but can actually play one state off against another in a competition for which state this most willing to transfer the most dollars from the taxpaying individual people to the corporations and their billionaire CEOs. Similarly, corporations routinely use “Right To Work For Less” laws empowered by the Taft-Hartley Act to pit workers in high-wage states against workers in low-wage states, producing a national race to the bottom.
Boeing, for example, is participating in both of these practices right now, having just taken billions from Washington State and now playing their workers against desperate workers in old Confederate states. Senator Bernie Sanders has recommended that when States participate in letting corporations play states off against each other, both states should lose federal highway funds.
That, or any other remedy, is pretty unlikely as America continues to race from being one of the world’s wealthiest nations pre-Reagan, to a post-Reagan dystopia; the first modern, fully developed, industrialized nation to actually de-industrialize and move in the direction from First World status toward Third World status as a result of 32 years of Reaganomics.
Finally, a particularly pernicious form of this new business model has emerged, in part out of the radical restructuring of welfare systems in the 1990s led by Newt Gingrich and Bill Clinton.
Because welfare reform in the 1990s tide the ability to receive welfare to having to work, low-wage employers discovered that as long as they kept their employees’ pay below the poverty level, you and I, through our tax dollars, would pick up the rest of their employees cost-of-living through food stamps, Medicare, etc. The result is higher taxes for us, and billions in additional money for the CEOs and stockholders of America’s largest companies.