Posts Tagged ‘corporate America’
Recently I blogged that I supported the bailout of General Motors and in fact lobbied to see to it that a bailout was provided. The result was US Government ownership of a large stake of General Motors, a company which has made a dramatic turnaround but has also acquired the moniker, “Government Motors.”
With the US Government approaching a fiscal cliff, something we haven’t heard much about since almost all of the news lately has been about the habits of shoppers on Black Friday, but with the government approaching a fiscal cliff and desperately in need of money, why doesn’t the US Government divest itself of General Motors for starters?
Do what most Americans do when they need cash quickly, sell something. The US Government should auction General Motors off to the highest bidder. I am certain there is someone, some organization that would be interested in maintaining a controlling interest. Don’t wait for General Motors to obtain the highest price on the stock market and then flood the market with shares, that won’t do anyone any good and it might not happen for years. Simply sell General Motors all off, perhaps as a controlling interest. That would more likely create the most interest.
As I’ve said before, I lobbied for a bailout of General Motors. Though my intent was not for the country to buy General Motors itself, that apparently was the only option at the time. Now that it is time to address the approaching fiscal cliff, maybe it is time for the government to divest itself of GM to pay down some of that debt.
Otherwise the nickname “Government Motors” will stick for good. And then GM stock won’t be worth a penny.
Copyright © William Thien 2012
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In an observation on eliminating tax deductions I brought up the subject of “tax surrogacy” in The United States. My position is that childless taxpayers are merely “tax surrogates” for a parasitic tax code that allows taxpayers with children to obtain a child tax credit or deduction for each child they are raising and the funds for such deductions are available because childless taxpayers are not eligible. In other words, childless taxpayers are paying to raise the children of those with children because the childless taxpayer does not receive the deduction. I elaborate further on that perspective in America’s Unfair Tax Code and The Brown Headed Cowbird.
But the more I consider the concept of “tax surrogacy” the more I see it applies to a wider breadth of the country’s population. Not only are childless taxpayers tax surrogates for those with children, the middle class taxpayer is a tax surrogate for both the poor and the very wealthy. That relationship is enabled through clever manipulation of the public’s perception of the poor and of wealthy taxpayers, to which within the scope of the definition of “wealthy taxpayers” I will include corporations, because ultimately what I am writing about here is welfare by favorable taxation, and corporations benefit quite obviously the most from the tax code.
In fact certain corporations support that party which offers multiple layers of welfare to the poor because those corporations then benefit from that relationship. Either the poor are at home watching television and buying products advertised by those corporations on television or congress is lobbied to provide favorable taxation to those corporations simply because a corporation is defined as “a person” in the eyes of the law and in legislative terms and so it is argued, lobbied, that since certain citizens are eligible for various types of what is essentially welfare, so then should corporations be eligible as well, corporations which again are viewed as people by the law, something Romney attempted to elaborate on earlier in the year and everyone who hasn’t a clue about such law squawked about it! Oh yes, this is how tax law is created that governs corporations. Corporations are seen as “people” by the law. Hence, tax code is created to govern corporate profits as if they were indeed personal income. Clever, isn’t it.
This is one reason why I do not favor all sorts of social programs designed to help the poor. Nothing wrong with helping the poor. But due to the parasitic tax code in this country there are other beneficiaries, corporations for example, of the tax code who may not need those benefits. Now I believe favorable taxes must be in place for corporations, lower taxes even, but the problem with the current tax code is that the money for the tax welfare has to come from somewhere. And in the way the current tax code is structured, it comes from the middle classes. All welfare, whether it be food stamps, a social program, a medical program for the poor, or corporate welfare, is paid for in The United States by the middle classes. The poor do not contribute and the wealthy escape participation through the tax code. The middle classes are effectively “tax surrogates” paying at both ends, to the poor and the wealthy. And if you are a single taxpayer with no children, you pay even more. That is of course totally unfair tax policy. I myself am single with no children. When all is said and done I take home about two-thirds of my pay yet am ineligible for any social or medical programs because I have no children. If I had children, I would be eligible for free medical care in the state I reside (children make you eligible for social programs and welfare and basically change the government structure for you to a communist government structure and this is why many poor have children, because they know it will then make them eligible for welfare which they would not receive otherwise).
I receive a tax refund but it is a paltry sum when I compare it to a co-worker’s who has children he declares on his taxes. I am a “tax surrogate” in the purist, strictest sense of the term.
America’s tax code is unfair. Tax surrogacy is nothing more than a crime really, perpetrated on the taxpayer, in particular the middle class taxpayer. It may not be a crime as defined by the law, but it is a sort of “social” or implied crime. The middle classes are not flush with cash and able to give it to everyone. Many are instead at the edge of their income bracket, now more than ever.
I don’t know if at this point in the country’s history we can change the law. But I felt before we could change the law I had to give the condition from which the middle class taxpayer suffers a name. I call it “tax surrogacy.” Someone may have already thought of it. That’s great.
Let this then simply be my explanation of what is happening in this country with regard to taxes and why I believe something needs to be done about it.
Copyright © William Thien 2012
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Mass Shootings and The Surveillance State
Posted by: William Thien on: July 27, 2016
One of the reasons the media try so desperately to label mass shooters as “psychologically unstable” following a mass shooting is that in doing so the system itself to which the media represent, the government and the corporations which advertise using the media, avoid being labeled as well, avoid being labeled as perhaps repressive, oppressive, inefficient, bloated, parasitic, socialist, communist, what have you.
No one would dispute that there has been a recent increase in mass shootings. At least on the face of things it would seem that the number of shootings has increased. Does this mean that there is a direct correlation with an increase in government oppression or repression or any other such indication? Because the weapons used to commit those mass shootings have been around for some time and available to the public all the while. The weapons have been around much longer than the recent increase in mass shootings to be sure.
With the implementation of such legislation as The Patriot Act and the steady increases in the numbers of law enforcement (nothing wrong with law enforcement, just making a point), the historical expansion of the surveillance state, the cameras everywhere you go, the monitoring of internet activity both by the government and corporations who shove tailored sales pitches at you while on the internet and then chase you up and down the road with advertisements, I think that it is quite possible there is a generalized public reaction to these changes, to the expansion of the surveillance and media state, to the “by definition” increase in government AND corporate oppression as defined by the increased, smothering government presence in many communities and in the increases in taxes to cover the costs of such expanded government behavior. Are we seeing the beginnings of a mass public attempt to shake it all off? To a certain extent, I think we are.
In other words, smothered by this new surveillance state it is hard to catch a breath of the fresh air of freedom in this so-called land of the free!
Copyright © William Thien 2016
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