What is good for corporations is good for their investors and CEO/board. Reaganomics did not work, and the money did not 'trickle down'.
Examine the increase in class seperation opening in the 1980's. That is where the money went. Not to the lower or middle class.
The same can be said of corporations, except their pockets are infinitely deep for withholding sums in finance. You could just lower the interest rate on loans a % or two instead.
We've seen corporations get huge deals and tax breaks in the past 6 years. It has widened this gap moreso than any time since the 1920's, and perhaps even to the 1890's, before we used AntiTrust laws on those railroad robber barons and mega-industrialists.
We have also been using an agressive privatization version of capitalism that strips public welfare. Welfare like schools and hospitals, quality of living, cost of living, and median wage. All of these sectors have taken a beating.
Tuesday, October 31, 2006
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