richardhutnik on 04 August 2010
| numonex said: Multi-billion dollar companies have no business risk because they will always be bailed out by governments. "Businesses too big to fail". The tax payers dollars collected by governments from the low and middle classes mainly pay for every economic recession and down turn. Individual tax rates will be increased during austerity measures after the government has implemented stimulus packages and corporate bailouts. Increasing company tax rates would be risky because of capital threats from big corporations and more job losses. |
Labor is treated as hostages by such corporations. Whenever something is attempted to be done, out come the arguments how jobs will be lost.
