To my Corporate Overlords.. hello!
]I really have reservations about writing this because, as “unread” as this blog may be, I always get the feeling that when I write something bad about them…. They have an entire basement full of monkeys who scan the web looking for back talk to the “Master” corporations.
But here’s a question for everyone talking about streamlining the tax code… Most of our Overlords have a pretty sweetheart deal with the current tax code. There are loopholes galore that allow them to pay next to no tax at all or in some cases, get refunds. So the question is, why would or Overlords allow the tax code to be rewritten? They get everything they want out of the status quo and any real reform would mean that they might be forced to pay their fair share.
All the new talk is about how if we want to make any serious inroads on the Federal deficit, the tax code will have to be blown up and started all over again. While I agree in principle, I disagree in reality. Does anyone really think that these Overlords will allow this to happen? They will do what they have done for decades… Apply pressure to their GOP minion and cut a sweetheart deal for themselves. And in the same vein, apply that same pressure to a handful of their Democratic minions to do the same.
I’d like to think that there is legislation that can solve these problems. And while there might be, it certainly won’t be rewriting the tax code. First, it will have to be a complete overhaul of the campaign finance rules. Only after people or corporations with filthy amounts of money are stopped from having a bigger and louder voice than the rest of the simpletons will any of this change. Until big money is put on a level playing field with the rest of us, nothing will change. Because you can bet your ass that any tax code reform will be rewritten, primarily, by Tim “Goldman Sachs” Geithner and his merry band of lackies.
This “Compromise”on the tax cuts is complete and utter garbage. And all the talk that the tax code needs to be fixed is an even bigger load of garbage.
Does anyone realistically expect that the same banks who, by their own admission, are making more money off of penalties and fees than they are on interest from loans will gladly accept a change in the tax code? The same banks who when given trillions of dollars to help stimulate the economy, stuff that money in a bank account and use it to play the derivatives market that caused this mess instead of what the Fed gave it to them for in the first place? They profit off of the current tax code. It’s better for them when it is complicated because complicated equals loopholes and loopholes equal NO TAXES.
Until the government takes a stand and tells the corporations that they aren’t running things, nothing will change.