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Corporate Taxes, Fascism and Trickle-Down Deceit
Mike Stathis, Chief Investment Strategist, AVA Investment Analytics
When Americans aren’t preoccupied with celebrity gossip, professional sports or social networking, they’re inundated with distorted facts and misguided ideals from the establishment media, pundits and politicians.
As a result, the majority of the U.S. population continues to support policies that have contributed to America’s declining living standards and vanishing economic opportunity.
In a previous article I pointed out that although corporate profits have been at record levels, the unemployment rate remains stubbornly high, with no signs of abatement. This relationship defies “free market” logic until one factors in the full economic impact of U.S. trade policy.
Rather than create jobs on U.S. soil, corporate America continues outsource and reinvest profits into China, India, Brazil and other developing nations.
The big secret is that the economic arrangements underlying U.S. trade policy are by no means based on free market economics.
When public discussions are held regarding issues most crucial to the nation, the full picture is never presented. Rather than an open debate, opponents go head-to-head with narrowly-focused arguments that rarely deviate from the well-anchored policies of Washington. This is done in order to keep voters shielded from real alternatives, so they will have no choice but to support the status quo.
Using its control over the media-entertainment complex, America’s fascist establishment can cause the masses to think and behave as it desires.
It can convince them that they need a vaccination to protect against a pandemic which never manifests;
that Saddam Hussein has “Weapons of Mass Destruction” which never surface;
that Palestinians are the villains and Israelis are the victims; that Iran is an “evil nation,” posing a threat to the United States and the rest of the “free world.”
It can even convince them that spying on their every move is in their best interest.
As Americans anxiously wait for an economic recovery to surface, numerous myths have been disseminated in order to justify policies favoring the wealthy.
For instance, the right-wing arm of the establishment has fooled many into thinking that lowering corporate taxes will resolve the unemployment picture.
A similar argument has been made by the same masters of propaganda in order to keep taxes low for the wealthy. Neither of these strategies will help the economy recover.
What Americans have not been told is that the effective corporate tax rate in the U.S. (the net rate paid after all deductions, credits and other allowances) is one of the lowest in the world. If this seems hard to believe, consider that corporate tax revenues as a share of economic growth are at record-lows despite record-high profits.
For the majority of Americans, there has been no “trickling down” of the fruits of productivity. Most of financial gains over the past three decades have gone to the top 5% of wage earners.
Large corporations and their ultra-wealthy shareholders have been the biggest beneficiaries over this period. The less money paid in the form of corporate taxes boosts profits, which goes to shareholders; not you or me, but the ultra-wealthy who own millions of shares. It’s amazing how people still buy into the “trickle down” deceit from the Reagan era.
You know you’ve reached the pinnacle of your career as a con artist when you are able to convince those who have received the short end of the stick that the wealthiest Americans and largest corporations should keep paying the lowest tax rate through financial trickery.
Americans are exposed to various shills and snake oil salesmen who preach the same myths on a daily basis. They are introduced as financial or economic “experts” in the print and broadcast media.
In addition to their poor track record and questionable credibility, financial interests serve as motivation for their delusional views. Unfortunately, these views are in opposition with those of the American people.
On the other hand, the left-wing arm of the establishment has fooled many Americans to think that “big government” offers a much better alternative. These idealists believe that everyone should be taxed to the max so that the government can provide for the people.
What they fail to recognize is that government spending primarily goes to fund corporate profits in the form of uncontested contracts, industry subsidies, tax breaks and many other arrangements.
Finally, both arms of the establishment continue to insist that unfair rules of trade serve the best interests of the American people. On the contrary, it is an absolute fact that U.S. trade policy has been the single largest factor accounting for income inequality in the United States.
The strategy utilized by Washington to maintain control over the people is simple. Create the illusion of democracy, freedom and free market economics, all while running a fascist economic and political regime.
All that’s required to achieve this control is to convince voters that one political party has all of the answers, while the other has caused the problems.
Accordingly, Americans will continue to vote for candidates from one of the two fascist parties in Washington. Thus, Americans get the same results regardless which party is in power. This is specifically why America’s rich continue to get richer at the expense of its working and middle class.
When it comes to trade policy, monetary policy and foreign policy, both parties always agree. They are going to ship U.S. jobs overseas, allow the Federal Reserve and Wall Street crime syndicate to commit massive fraud, and fight wars for Israel. Regardless who they vote for, Americans always lose. Thus, heading to the voting booth serves no purpose other than to endorse America’s fascist regime.
On rare occasion when fraud has been exposed, none of the establishment crime bosses goes to jail. At best, one or two scapegoats are pulled from the bottom of the criminal food chain to serve as the “fall guy.” But even the fall guys come out of the deal shining. In most cases, after a couple of years in club fed, they are rewarded by their colleagues for taking the heat.
[Take for instance, the $104 million pay day received by this low-level Wall Street crook. News of this award was published AFTER this article had been written. Whistleblower awards should NOT be provided to those who commit crimes when these awards are directly related to the crimes they committed! Notice that this scoundrel is Jewish. Would he have received this ridiculous sum of money if he were not Jewish?]
The only viable solution that will realign the U.S. economy with promising long-term growth is one that strikes a healthy balance between economic equity and optimal resource allocation. In order to achieve this, at the very least the U.S. must stop spending trillions of dollars on wars, redesign its healthcare system for the people rather than profiteers, restructure trade policy, and demand accountability from both the public and private sector.
Looking at the big picture, one cannot help but to blame the American people for their nation’s decline. Americans whine like babies after being defrauded of trillions of dollars by Wall Street and corporate America, but they don’t do anything about it. Soon after the crooks have made off with the loot, Americans go back to self-indulging activities, while giving into mass media control.
Year after year, the American people sit back while the criminals in Washington commit treason, facilitate corporate and banking fraud, keep U.S. borders open to the third world, destroy the U.S. Constitution, spy on and murder innocent Americans. And now they are permitting Washington to slash entitlement benefits in order to pay for wars in the Middle East.
Nothing has changed. The same criminal gang has been pulling the same stunts for decades. Yet, with each wave of criminal activity, Americans have allowed the crime bosses to escape prosecution.
Until Americans stand up and take action, they will continue to be exploited by Washington, Wall Street and corporate America. This is guaranteed. The time has come for Americans to take back their country from the criminals. Otherwise, they can blame no one for their misery other than themselves.
Originally published on Press TV
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Short URL: http://www.veteranstoday.com/?p=226957
Posted by Mike Stathis on Oct 22 2012, With 0 Reads, Filed under Americas, Editor, World. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.
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the time has come for americans to wake up and dethrone all the stupid rumor mongers in the system.had it been delayed for a while it cost a lot in terms of financial destruction,misery and destruction.mike stathis is one of the hopes whose efforts should not be disgruntled in the wake of national crises in the usa.
I agree that the playing field is not level. I agree that the media is lying to us at the orders of their masters. What I don’t agree with is that Americans are voting these SOBs in. I’ve been involved with the voting stuff for about 30 years. Here’s the truth. Those electronic machines are rigged. I know it. Blackboxvoting.org knows it. Many of the computer scientists who have audited them know it. We aren’t voting these guys in, the machines are. Believe it or not, this was the subject of some very good investigative reporting in the NY Times as well as USToday. The best thing that could happen to this country is an EMP over the voting machines so that we have to go to paper. Well that or observers from other countries. What bothers me is the willingness of far too many to turn against other Americans without actually talking to them. I have found that most people get what is going on. Yes, there is the 20 percent that always support the status quo and who don’t understand anything that has to do with economic theory, but most people know that shipping jobs overseas benefits a fraction of the population and not the whole. BUT HERE’S THE THING PEOPLE, WE DID THIS BEFORE…UNTIL THE COUNTRY WAS BROKE AND THEN WE FIXED IT BY PUSHING THESE CREEPS OUT OF OFFICE. We are still the many and they are still the few. Don’t forget that.
And stop belittling other Americans, that’s what these goons want you to do.
I seem to remember Nelson Mandela complaining about “Trickle down de-ceit …” after drinking several pints of rough cider.
“The time has come for Americans to take back their country from the criminals.” implies that we owned it in the first place, and that the criminals stole it from us.
The Constitution of the United States was written by white, property-owning males, who granted only to themselves the right to vote. This country was established by the wealthy only for their own benefit.
“The time has come for Americans to take back their country from the criminals. Otherwise, they can blame no one for their misery other than themselves.”
Agreed. Now, it would be helpful to tell them HOW to take back America. Here’s a lawyer-proof suggestion (as in honest lawyer), (http://redressone.wordpress.com/).
Of course, don’t hesitate to perform due diligence.
While this article shows the degree of slime we face in our daily rounds, nothing in the article is new. But, the shocking fact is that the majority of Americans know little or nothing about these issues. Counter hasbara tends to neutralize truths and folks face an element of confusion and they just tune out. They don’t want to spend any ATP in their little gray matter cells and they just omit the deeper forms of analysis. What me, worry?
In like fashion, we find that even our alternate media is nearly totally effete and limpwristed when it comes to dissemination of this information. Why is this so? Are lies sprinkled liberally in our truths, are their agents of malfeasance out in the world constantly choking our declarations? One of the huge problems is answered by the truism, “the bigger and more prestigious the alternate website, the more likely it is controlled by shills”. Lenin says, “fight opposing views by seeking group leadership”. Don’t just be a passive listener, climb to the top of the heap and control those people who think they are in control….this problem is very prevalent and YOUR favorite website may well be controlled by those who proudly announce that they are blessed with extra high intelligence listening posts that allow them to separate wheat from chaff. Some of these shills may well be card carrying members of the military industrial complex. Some may claim to know high ranking people in other nations that are controlled by our forces of imperialism. See, the dead giveaway is a braggadocius mindset that finds it nearly impossible to stop bragging about one’s contacts. In fact, this constant blabbing is usually the handmaiden of some of our finest spies. The days of the clandestine operative are more limited these days, betrayers want to be seen as happy people who are giving us secrets, tons of secrets and we should NOT question them whatsoever. In fact, at times we are chastised like little juvenile delinquents who have done bad-bad by asking interrogatives of these controlled assets. When you hear or read loquacious comments like “I could have told you far more, but……”, watch out. Because this person, while appearing sociable and helpful, is really one’s typical con man. Just imagine if YOU blabbed secrets as a whistleblower and were in turn arrested without motive or causation. The secretive blabber, like the myriads of bankers who robbed us blind but never went to jail, can blab because he is part of the fabric of deception. His connections give him “secrets” and he’s set on a street corner to peddle them to unsuspecting and gullible people. Are you one of the gullible?
Thank you, bahmi, for the above.
The “b” in “subtle” is silent, like the “p” in “swimming.”