jedcstuff

2008-10-15

Re tax breaks for the big corporations

I also wonder about the "tax breaks for the big corporations" justified by saying they will use the tax break money to create new jobs for the working folks. My guess is that the investors, especially in harder financial times, will want cash on the barrel from those tax breaks, instead of investing the tax break money back into R&D and new jobs to produce future earnings for each company.

It would be interesting to see a report of exactly how each of the wealthy corporations, such as "big oil," have used their tax break money in the past (as well as their huge windfall profits gained at the same time), exactly how much went into the investor's pockets, vs how much went into R&D and new jobs for the working class. My guess is most if not all that tax break money in the past for the big corporations, just went into the pockets of the wealthy investors, management thus effectively saying what a good job they did for the investors, so raise their salaries; but thus losing nearly all of the American people's expected benefit of the big corporate tax breaks in the past.

Although human egos unfortunately figure into it too, I think that we all want fairly easy and generally comfortable lives and having adequately nurtured family, while doing things that are interesting to do; surely that applies to not only the working class, but also to the investors, corporate bosses, and politicians, all of us.

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