Tax Myth Busted

John Ruskin, self portrait, watercolour touche...

John Ruskin 1819 - 1900

 

The U.S. Department of Commerce reported yesterday the highest increase in corporate profits in 60 years while their cost of employees remained about the same. Corporations either kept the increased profits, or paid them out to the owners. They did not hire workers.

So much for the myth that continued lower taxes are needed for the rich in order to create jobs.   

 

Over 100 years ago, British social critic John Ruskin (namesake of Ruskin, Florida) proclaimed that the greed shown by the owners of Big Business, especially during times of national hardship was at best, unpatriotic.

 While soldiers, sailors, doctors and the clergy regularly sacrifice personal comfort and safety during difficult times, only the so-called business classes are unwilling to give up their personal gain for the public good.

The worst are for-profit hospitals, defense contractors and money-changers.

Think what would happen if wealthy business owners gave up their excess profits for just one year and instead gave people jobs.

Unemployment would cease; sick people could be cured and our money would again go back into circulation to buy goods and services.

<IMHO> Fred Jacobsen

Advertisements

One Response to “Tax Myth Busted”

  1. Marilyn Smith Says:

    Thank you for the reminder of WHY WE ARE HERE AND WHY THE HYPOCRITS ARE THRIVING.

    Looks like the “mission accomplished fellow” is still racking up havoc with the general middle (fast disappearing) class.

    I THINK ALL THOSE FOLKS WHO WERE SO DISTURBED AND SET ABOUT MAKING UNHAPPINESS AND NOISY RHETORIC THE THEME OF THE DAY, NEED TO BE READY TO ASK AT DAY 90 AFTER THE NEW HOUSE IS
    SWORN IN “where are all these great things you promised and all the jobs which were to occur”? LET’S GET TO WORK, RIGHT.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: