Just how hard a screwing are you willing to take, or don’t you know what’s happening, Mister Jones? (10 points to the first person to get the reference)

As global capital becomes ever more powerful, giant corporations are holding governments and citizens up for ransom — eliciting subsidies and tax breaks from countries concerned about their nation’s “competitiveness” — while sheltering their profits in the lowest-tax jurisdictions they can find. Major advanced countries — and their citizens — need a comprehensive tax agreement that won’t allow global corporations to get away with this.

Google, Amazon, Starbucks, every other major corporation, and every big Wall Street bank, are sheltering as much of their U.S. profits abroad as they can, while telling Washington that lower corporate taxes are necessary in order to keep the U.S. “competitive.”

Baloney. The fact is, global corporations have no allegiance to any country; their only objective is to make as much money as possible — and play off one country against another to keep their taxes down and subsidies up, thereby shifting more of the tax burden to ordinary people whose wages are already shrinking because companies are playing workers off against each other.

  1. dave r says:

    If corps are so evil quit giving them all your money. Their is a huge amount of wealth transfer.The great bulk of which is voluntary.You transfer your wealth from your pockets to theirs voluntarily.Am i to imagine that you wake up in the morning with a wise guy from bp standing over your bed with gun saying your buying gas at are stations or its curtians for ya.I dont think so. You make these decisions freely a thousand times a day.You dont like big corps then ride a bike or a horse every where.Better yet go live like the amish for a couple of years and i quite certian you will never utter the words evil corporations.