Robert Reich On Mitt Romney's Neoliberal Economic Plan Meant To Perpetuate The Status Quo. Its Primary Element? More Risk-Shifting Crony Corporatism.
Mitt Romney proves he doesn't know any more about economics than the neoliberal Clinton, Bush or Obama administrations. Cutting corporate taxes is such a mindless and idiotic bloviating bunch of bullshit. As Reich points out, corporations have record cash and they aren't spending it. What will giving them more cash through lower tax rates accomplish?
Romney and others outright lie about our corporate tax statistics to push a neoliberal cronysim agenda. While the tax rate for American corporations is one of the highest in the developed world, the actual taxes paid are one of the lowest. Factor in the offshore profits of American firms that accounting shenanigans shield and the taxes collected on the largest corporations in the United States are far and away the lowest in the world. A data firm I used to subscribe to collects some of these statistics but my subscription expired so you'll have to do your own G2 but I can assure you, Romney and other neoliberals are outright lying.
On this blog we are anti-corporatist. We are not pro-business. Which is effectively that we are against the dysfunctional corporate welfare that kills jobs, kills competition, kills innovation and kills wages. Regardless of what comes out of his mouth, Mitt Romney is a corporatist as defined by his economic ideology.
We are pro-markets. That's it. Working markets create jobs, rising wages, wealth and innovation. Washington's pro-business or corporatism kills jobs. It shifts the burdens of corporate welfare onto the backs of citizens. That is what we have today. More of it is just a pit stop on the highway to hell.
How did Romney ever make all of that money to fund his endless obsession with gaining the power of the Presidency? Oh yeah. He was in private equity. Private equity in its current form should be banned without exception. It is simply a tax on society that uses our money to raid and pilfer from the productive people and productive assets in society. It's cronyism defined. I, for one, don't want that type of dynamic as the President of our country.
title link also here.
Romney and others outright lie about our corporate tax statistics to push a neoliberal cronysim agenda. While the tax rate for American corporations is one of the highest in the developed world, the actual taxes paid are one of the lowest. Factor in the offshore profits of American firms that accounting shenanigans shield and the taxes collected on the largest corporations in the United States are far and away the lowest in the world. A data firm I used to subscribe to collects some of these statistics but my subscription expired so you'll have to do your own G2 but I can assure you, Romney and other neoliberals are outright lying.
On this blog we are anti-corporatist. We are not pro-business. Which is effectively that we are against the dysfunctional corporate welfare that kills jobs, kills competition, kills innovation and kills wages. Regardless of what comes out of his mouth, Mitt Romney is a corporatist as defined by his economic ideology.
We are pro-markets. That's it. Working markets create jobs, rising wages, wealth and innovation. Washington's pro-business or corporatism kills jobs. It shifts the burdens of corporate welfare onto the backs of citizens. That is what we have today. More of it is just a pit stop on the highway to hell.
How did Romney ever make all of that money to fund his endless obsession with gaining the power of the Presidency? Oh yeah. He was in private equity. Private equity in its current form should be banned without exception. It is simply a tax on society that uses our money to raid and pilfer from the productive people and productive assets in society. It's cronyism defined. I, for one, don't want that type of dynamic as the President of our country.
title link also here.
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