Quote:
Originally Posted by Papa Cuma
I spent 19 years at IBM. I know how corporations work. I also know that corporations need to be regulated for the benefit of our communities. Unchecked, a corporation will extract as much work from an employee as it can and pay that individual as little as it can get away with. It will poison our groundwater and waterways, filthy up the air we breathe and give nothing back to the communities other than those that live on the hills. I know intimately about such corporations and how they would function if left to there own devices.
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Papa, please tell us how you intimately know how most corporations operate, when you primarily worked for one very good Corporation, IBM.
You seem to have a disdain for corporate responsibility and accountability. Even though, I believe IBM contributed greatly to our economic technology growth in our country and abroad. They also treated their employees and communities quite well.
Corporate Tax as well as the entire Taxation system in the U.S. is very much in need of Reform to help turn this economy around. It takes profits to reinvest in growth and in turn creates new products, technology, opportunities and results in jobs and a stable and vibrant economy.
We have passed the tipping point in this country, where we have driven away manufacturing, oil exploration, technology development, and now corporate inversions due to over-zealous regulations and taxation. We are our own worst enemy, stifling and smothering all the great attributes the U.S. thrived on for so many years.
When the Capital system works well and our corporations and small businesses make good profits, then the American people have a better opportunity to do well. Granted there will always be people that either through lack of education, skills or other situations don't do as well. But the important point is that, if Companies do well, there is more opportunities for the American people to do well. In a poor economy like what we have now, there is far less opportunity for our citizens. That breeds frustration and unrest in our country and crime shows it's ugly head.