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Originally posted by detachedindividual
reply to post by hawkiye
The intention of a corporation is to gain profit at all cost, while the small business owner just wants a nice retirement and to put his kids through college. Lets say that Starbucks makes $60 in an hour in that new store they just opened. They give their employee $10, and the manager $20, $30 is immediately funnelled out of the state, out of the country, into a tax haven account. They dodge most of their taxes because they can afford to pay a good lawyer and the government chooses to settle and get a fraction of their actual tax bill rather than spend millions in court trying to get all of it.
So the employee who is paid minimum wage then goes down the street and buys his food from Wal Mart (because he's on minimum wage and cant afford to spend any more than absolutely necessary). He spends his $10 there and Wal Mart again pays minimum wage to their employee and manager and rushes the rest out of the state, out of the country and into a tax haven.
Imagine this across the nation, every hour of the day, every day of the week, every week of the year... Billions of $'s all flowing out of your country and into the bank accounts of corporations where they pay less tax than ten small businesses would. All of that money is sucked out of the local economy on a daily basis.
The ONLY way governments can stop this from happening is to restrict the global markets, encourage small, local business to grow, prevent the ongoing extraction of wealth from communities. But they won't do that, because the corporations have them by the balls. Every time it seems like governments might have actually grasped the issue the corporations squeeze their balls a little and threaten them.
We need to break up the massive corporations and stop them from removing wealth from the communities in which they operate. Unless this ongoing extraction is stopped, nothing will change, it will just get worse and worse.
This is not just about banking, it's about the entire process of capitalism and corporatism and the effect it has on communities around the world.
This video was uploaded to YT in 2011. So his belief that it would all end in Summer/Fall was clearly way off.
This is more of the same "I have a belief and I'll make a YT video" and then others thinking "some guy giving his opinion is EVIDENCE and PROOF, because it's a video!!!!"