(Mods, if in the wrong place, please place where it belongs)
Here's why corps, and their ceos, are worse than the gov.
The corps write the laws, and give themselves nifty loopholes, then get their lobbyists to convince a politician (bribed by way of campaign
contributions) to get it passed. They rig the game, and you lose. "Bank lobbyists are not leaving it to lawmakers to draft legislation that softens
financial regulations. Instead, the lobbyists are helping to write it themselves."
Ceos that do major layoffs get bigger bonuses. "A new report concludes that chief executives of the 50 firms that have laid off the most workers
since the onset of the economic crisis in 2008 took home 42 percent more pay in 2009 than their peers at other large U.S. companies."
So you get fired, and the ceo takes your
pay, all in the name of saving money. Yet no money is saved, cause the ceo just took it.
You are now the figurative slave to the corp. For example, Walmart put out an ad saying "over 60% of Americans shop" there. Here's what they
don't tell you. In some states Walmart is the largest employer. Walmart employees are also the largest collectors of Medicaid. "In Missouri,
where Wal-Mart is the largest employer behind state government, the state’s social services department determined Walmart employees outnumbered all
others with employees and family members enrolled in MO HealthNet, the state’s Medicaid plan, in the first quarter of 2011."
So here's how it
works. You have to work there, because they have the most jobs. They have cheap goods because they pay so little. You're forced to shop there
because you cant afford to shop elsewhere. So really, they are just loaning you the money they will get back.
If ceo pay and minimum wage had remained parallel since Reagan, minimum wage would be $33 an hour. "Dube [Dr. Arindrajit Dube, a University of
Massachusetts Amherst professor] went on to note that if minimum wage incomes had grown over that period at the same pace as it had for the top 1
percent of income earners, the minimum wage would actually be closer to $33 an hour than the current $7.25."
If a company is willing to pay minimum wage to begin with, how
much less would they pay you if they could?
Let us not forget the banking scandal, libor, and the new one "Granted Bail" (www.abovetopsecret.com...
) just posted up.
None of them go to jail, and we give them huge amounts of money.
Just a few examples, so how do we fix it.
1. We cancel "Citizens United" and reform finance laws. Corps aren't people.
2. Bring back Glass-Stegall and break up the banks and mega-corps like Walmart.
3. Raise taxes on the rich. Before Reagan, taxes were over 50% and there were tons of rich people, and people getting rich, a strong middle class,
and the econ grew steadily (not boom and bust like now). Higher taxes forces those at the top to make a choice, reinvest the money or take it and pay
out the nose. Most reinvest, giving the corp enough money to afford little things like raises, healthcare, and other benefits that they are cutting
left and right in order to pay for the outrageous ceo pay and bonuses.
Just a few ideas. What say you?