Time to pull the plug on this tyranny...
The book, America: Who Really Pays the Taxes, shows how unfair our tax structure has become. Taxes on corporations have dropped sharply, while taxes on the middle class have risen precipitously. Before, the government taxed the rich. Now, it borrows money from them and pays interest. A General Accounting Office (GAO) study in 1993 said that 40 percent of the corporations doing business in the U.S. with assets of $250 million or more paid income taxes under $100,000 or paid no income tax at all. Another GOA study revealed that 34 percent of all corporations in the U.S. with assets over $100 million paid no income tax in 1989. During the 1950s, corporations in the U.S. paid 23 percent of all federal income taxes. By 1991 this had dropped to 9.2 percent, while the corporate share of state and local taxes stayed about what it was in 1965. 27 In 1945 corporations paid 50 percent of all federal tax revenue; now they pay about seven percent.
The concentration of corporate power in the hands of fewer people has led not only to great economic inequality in income but also to increased control over the work place. It is now harder for workers to organize unions; the company can close and move overseas. The social safety net has been weakened, and it is much harder to attain a good job, food, and housing. There is also more employer surveillance and regulation of employees. Workers, like the serfs of old, are expected to be devoted to a company. Requiring employers to provide benefits like health insurance also increases the protector-dependent relationship. Workers are pressured to be more servile and to snitch on coworkers. Management at the Mazda plant in Flat Rock, Michigan said the workers belong to the company, they don't work for the firm. Workers were pressured to wear Mazda caps. 28
In recent years companies have sued people who publicly opposed corporate projects. Litigation is an effective means to keep citizens from complaining. 29 Peter Montague, an environmental reporter, alleged that a report on dioxin filed by a Monsanto Chemical Co. scientist was fraudulent in methodology and use of data. That scientist is now suing Montague. Once the suit was initiated, press coverage of this alleged corporate fraud ceased. 30
Corporations are increasingly suing or threatening to sue the media. Philip Morris Co. sued ABC for a story on Day One about nicotine in cigarettes. In July, 1994 the Health Care Reform Project, a group of organizations supporting Clinton's health-care reforms, held a news conference and stated that Pizza Hut paid for health insurance for its Japanese and German workers but not for its U.S. workers. Pizza Hut said this was libelous, so four television stations in Washington, D.C. refused to air the story. In early 1994 a reporter for KMOL-TV in San Antonio refused to retract a story that a local business objected to. He was fired. 31 As a result of these suits, California and New York passed laws blocking such corporate suits, and these corporate suits were ruled illegal by the Colorado Supreme Court. 32
Another way in which millions of Americans are suffering from the power of Wall Street is in the derivatives boom. The bankruptcy of Orange County is hardly unique. Many governments and thousands of individuals lost huge sums of money to Wall Street, because the investment banks were allowed to present these complex investment instruments without explaining what was being sold.
Corporations today finance a counterrevolution of ideas to replace political parties and vigilant citizens as the key source of ideas. Corporate-sponsored think tanks increasingly provide expert opinion for government officials and the national media. Dissenting voices rarely speak in the national media.
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