How the Predators Get You

Felix Salmon says he feels a little dirty when contemplating Profiteers who are already maneuvering to avoid whatever Emissions regulations which may be adopted. He detests the involvement of Banks in this debacle, based solely on a search for minor Short-term Profits. TXU can even be excused to some greater degree, due to the fact of the high Replacement Cost of replacing Coal-based energy. The Environmental damage engendered, though, stands at astronomical levels. One impediment which might forestall such dangerous initiatives could be the installation of an amendment to the ‘Grandfathering’ principle to only those facilities on the later half of their life expectancy upon Date of Implementation of the Environmental Acts. Grandfather is actually defined as Grandfather–actually old facilities.

Jeff Cornwall reveals the greater danger ahead for the American Taxpayer. His basic complaint consists of the failure to push for effective Tax Policy change, when it could have been achieved. It is here that he deviates from Reality. What is the basic thing wrong with the American Tax system? The Answer is that the Deep-Pockets (I use this term as it is anathema to Conservatives) do not pay their Taxes, but pay a much smaller amount in political campaign contributions to get out of paying their taxes. I am not talking Small Business here, but the Mega-Corporations; why, oh why, do Small Businessmen think that Corporate Executives are on their side? There is a direct correlation between a Corporate Executive President and failure to achieve a sound tax system. One should check the financial value of Tax Breaks to Small Business, and the financial value of Tax Breaks to major Corporations, and do so in terms of total tax payments saved. Small Business congratulated themselves on stealing Pennies, while the Corporate structure were raiding your Banks. Has your Average Take-Home Profits increased exponentially due to the Tax Cuts? What has happened to your State and Local taxes, as the federal government shed most of its responsibilities in these areas? Do you owe more Today than ever before, and if so, why? Most Small Businessmen are still working on their first Million, while their revered Corporate Executives are vying to be the first Trillionaire.

Steve Verdon provides some macroeconomic information which can assist Small Business people to understand what is going on. Check also his piece through a link, where he explains John Quiggin’s supposition, and his own reflection on it. The fact exists that the Income Gap grows when there is no effective progression of taxation, and that Small Business would applaud this aspect if they were on the Upside, rather on the Downside where they reside. Small Business lack the aggregate assets necessary to attain such Standing. They should be on the side of the progressive Taxers, their reluctance coming solely from forever being lumped with the Wealthy in progression levels set too low for Small Business to endure. lgl