Forum Post: Taxation w/o Representation
Posted 12 years ago on Nov. 15, 2011, 2:41 p.m. EST by Geno52
(12)
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We have come full circle. The Nation is once again governed by those in the pockets of Corporate America. And, if you haven't noticed, the brunt of the tax burden is on the backs of working Americans whether they be self employed or otherwise. Many of the giant corps pay little to no taxes but are getting the lion's share of representation in D.C. Think GE, Exxon Mobil, the Banking Industry, the Insurance Industry, Media giants like Newscorp. the list is endless. Don't forget Citizen's United!! Yet, when the people demand, overwhelmingly, the fix the debt crisis, create jobs, work together to move the Country forward all they hear in D.C. are crickets chirping. There used to be a saying: "when the people lead, the leaders will follow". That's how America is supposed to work but it's no longer true. The leaders are following the money. So we, once again, are carrying the tax burden while the gov't is dictated to by the huge corps who pay little to no taxes but get the lion's share of representation. There used to be another saying which still is true; "taxation without representation is tyranny"!! Are you listening, Tea Party?
You cant really say taxation without representation, when the bottom 47 pay no income tax. Yes they pay other taxes, but those are small in comparison to income tax, and of course stales tax goes to the states not the federal government.
Also if corporations are restricted and taxed further how can we expect them to stay in the US? We already keep so many jobs out of the country with our insane labor union practices. If i were to start a business I'd obviously incorporate where taxes were the lowest, which would not be here, and were the labor is affordable.
Business isn't evil, its only a tool. And I'd love a bit of policy reform on campaign donations from companies as well, but the more we restrict, the dirtier it will be come. The transactions wont stop, they will simply be more back alley, and more hidden from the public view.
If the bottom 47% pay no income tax it is because they have little to no income and that is a national disgrace. But to the question of Corporations and regulation; there has always been regulations restricting businesses from becoming monopolies. The economy never suffered as a result to my recollection. In fact these regs acted to promote healthy competition which kept the economy humming. It is only within the last 30 yrs or so that the regulations have been stripped away and we are now suffering the result. The idea that corporations can become "too big to fail" is dangerous to our economy. That much should be obvious by now.
As for taxes, all anyone wants is for Companies to pay their share of the tax burden in exchange for the privelege of operating domestically and having access to our national marketplace. If a company wishes to operate outside our borders and avoid taxes and paying Americans to produce their products or services they should have to pay a duty or tariff to access our markets. Protectionism!!! I know. But I see no reason not to protect not only our workers but, also our entrepreneurs who support our jobs and tax base.
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