originally posted by: xuenchen
Wonder if this will lower the tax revenues?
Always a negative effect when jealousy is involved.
Tax Revenues are paid for by Customers, Consumers and the working stiff as evidenced by the increasing inequality in the USA. Prices on goods and
services continue to rise and wages continue to deflate. That is coming out of someones pocket and it is not coming from the compensation packages and
stock dividends that continue to rise.
The Compensation, Bonuses and Dividends per Share continue to go up for the top elite.
The top elite want complete Economic "Freedom" and deregulation to exploit everything in this country and in other countries and have absolutely no
skin in the game from it. Meanwhile, they want to clamp down on the Freedoms on everyone below them from killing protests movements, patriot act,
increasing regulations on citizens and imprisoning everyone that violates them.
I am talking about all protests by the way. Not the latest ones...though, I can guarantee you that lobbyists have destroyed more business in this
country than the handful of violent protesters have from the recent uprisings.
Where do Corporate, Banking Lobbyists and Executives have skin in the game from the policies they pass off on to their puppets?
They reap the benefits from it and they pass the costs on to everyone else.
If a fine is imposed on a company, the workers and customers pay for it
If a tax increase is imposed, the workers and customers pay for it.
If a company goes bankrupt, the executives get an escape parachute and everyone else is on their own.
It seems we have no polices in place that place personal consequences on the ones passing policies onto their puppet politicians.
We need to create personal incentives and disincentives on those that are allowed to create economic policies that put the whole nation at risk.
We can agree that Money Backed Lobbying is Legalized Bribery and boot out money backed lobbying. They can lobby politicians without money or get a
picket sign and hit the road.
Adam Smith was against Capitalists writing political polices for this very reason. I don't know why this is not common sense and is allowed to go on.
Greed is the only word I have for it