Saturday, July 23, 2011

Corporate Greed

As a community college dropout, I figured that maybe I should share my economic expertise to the masses(35 followers and counting!). I read an article about the state of the U.S. economy, i.e. chiefly that large American companies are making very large profits while not adding jobs here in the U.S. 
I propose that we:
  • Give tax incentives to U.S. companies that have a majority of employees in the U.S. More jobs always equals more spending. Anyone who says otherwise is either lying or a complete dumbass.
  • Give tax penalties to U.S. corporations who do not have a majority of their employees in the U.S. In the past 11 years these companies have added 2.4 million jobs over seas while eliminating 2.9 million here.
  • We need to make it cheaper or equal to adding employees in America than globally.
Here are a few numbers that I read in this article by that I find very disturbing
  • Caterpiller's earnings increased 44% to $1.02 billion in the second quarter alone, but was not enough to satisfy wallstreet. (Wall Street and the greedy pigs who profit from it should be blown the fuck up, but that's another story).
  • G.E.'s earnings increased  21% to $3.76 billion over the same time period, yet people are not getting hired stateside.
  • McDonald's earnings were also very good despite raising prices on their menu. (Up 15% to $1.4 billion).
This is a small example why the rich get richer while the poor and middle class get poorer, and if these and other measures do not encourage large American companies to invest in the people of the country that made them rich in the first place, then I say we put those responsible in a room alone with a certain Norwegian man (see post below). 
Here is the link to the article I read - 

1 comment:

  1. I agree, that when a corporation does not support their own country, just for a bigger profit, they should at the very least get some tax penalties.

    The uneployment rate in my country is pretty high also. :/