CORPORATE WELFARE and CORPORATE GREED
Puerto Rico is right at the center of this storm. Our island is top choice for corporate money laundering. The people of Puerto Rico have been led to believe these corporate tax breaks are the only solution to our stagnant economy, our high unemployment and serious social problems which have escalated in high crime statistics, comparable to a war zone. I believe these tax breaks have contributed directly or indirectly to these problems.
The following is a selection of articles, published in the last days, related to the recent events and protests against corporate greed. That is the headline in all the mayor news media of the world. It would be asinine to ignore that this is happening. I do admit it is a bit scary, since one does not know where this will lead to.
Learn and read what is going on in the world and voice your opinion one way or the other. After all, this is where you live.
Miriam Ramirez
Miriam Ramirez
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Des Moines Register
Job destroyers don't deserve a tax holiday
by: SARAH ANDERSON AND CHUCK COLLINS - STAFF MEMBERS AT THE INSTITUTE FOR POLICY STUDIES, A WASHINGTON, D.C., RESEARCH ORGANIZATION.
The progressive Institute for Policy Studies, released a report showing that 58 companies that received 70 percent of the tax windfalls did not boost employment. In fact, they actually destroyed a total of nearly 600,000 jobs.
The progressive Institute for Policy Studies, released a report showing that 58 companies that received 70 percent of the tax windfalls did not boost employment. In fact, they actually destroyed a total of nearly 600,000 jobs.
But we’re up against powerful forces.
A coalition called Working to Invest Now in America, which goes by the slick name WIN America, has deployed more than 160 lobbyists and spent at least $50 million to win a tax holiday on more than $1 trillion in offshore funds that might get repatriated if Uncle Sam grants this tax break. Lawmakers in both the House and the Senate have introduced bills that would do just that.
Many in the media have been suggesting that the Occupy movement and the TEA Party movement could find common ground. Both movements express anger over the relationship between lobbyists and the government. The word “corporatism” is being used a lot.
more:
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Common Ground between Occupy Wall Street and the TEA Party?
October 11, 2011
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TAX HAVENS
They're Everywhere
Tax havens dot the world’s atlas. And they have a long history
"Most of these modern havens are known for their fabulous beaches and picturesque countryside and double up as a vacation or honeymoon paradise. On the seamier side, though, their favourable laws have deprived both developed and developing countries of billions in tax dollars."
more: http://business.outlookindia.com/article.aspx?278584
The overriding message is that the protesters have failed to take personal responsibility, blaming their economic troubles on others. "Suck it up you whiners. I am the 53 percent subsidizing you so you can hang out on Wall Street and complain," writes Erickson, in the Tumblr's inaugural post. "I don't blame Wall Street because it doesn't matter what Wall Street or anyone else do
The Washington Post blog Wonkblog reported:
| OUTLOOK BUSINESS |
more: http://business.outlookindia.com/article.aspx?278584
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Fox Attacks "99 Percent" To Support "53 Percent"
MEDIA MATTERS FOR AMERICA
October 11, 2011 2:33 pm ECNN's Erickson Launches "Counterpunch" To "We Are The 99 Percent"
"We Are The 53 Percent" Counter Protest.The Washington Post blog Wonkblog reported:
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