Bush Thinks Outsourcing Is OK
Further to my recent blog Outsourcing, Monopolisation, Stagnation where I outlined hidden causes and implications of outsourcing the last trade surplus producing industry of the western world, technology development, the Seattle Times reports Bush thinks outsourcing is ok.
Further to my recent blog Outsourcing, Monopolisation, Stagnation where I outlined hidden causes and implications of outsourcing the last trade surplus producing industry of the western world, technology development, the Seattle Times reports Bush thinks outsourcing is ok.
Of course this is just to push through the tax cuts to the wealthy and to create deficit spending. This is a marvellous maneuver to rid the poor and middle class of their “excess” wealth which may have been spent on such unnecessary items such as health care.
The recipe:
1. Create massive debt by cutting taxes to those moving most wealth into tax shelters, rather than actually spending that wealth. Starting a war is a great way to kick start government debt.
2. In order to address the debt, issue government bonds, i.e have the government borrow money from the rich.
3. Have taxpayers repay the rich creditors with interest. This reduces money for social services as it is instead used for debt servicing and by taxing the lower and middle incomes, the taxes raised is less.
4. Reduction of social services creates an under-employed, under-educated class which are forced to compete for jobs, driving down wages. Force competition against low-wage workers in third world countries with dramatically lower standards of living (India, China, South America) using globalisation bodies such as the WTO and NAFTA.
5. Supply-side or “trickle-down” beneficent corporations “rescue” this low wage earning class by giving them McJobs (defn: little or no job training or advancement prospects, little need for staff retention) meanwhile the corporations profits go through the roof as wages are unlinked from corporate income.
6. Use corporate profits to buy influence in media corporations and government lobbying.
7. Pervert the electoral process through outsourced propaganda machines (Fox News), voter de-registration, denial of suffrage of felons, rigged voting machines and a politicised legal system to gain power.
8. Begin again at step 1.
Ok, so what’s the alternative, I hear you ask?
1. Raise the tax free threshold. This puts money back into the hands of the poor, which is then spent on basic requirements (food, housing) injecting money back into the economy rather than into speculative, tenuous corporate investments (the dot-bomb) or tax shelters. This is nothing new, it has been done before, it’s F.D.R’s New Deal. It worked.
2. Make corporations pay more than individuals in tax. Corporations derive social (political stability) and legal (liability limitation) benefits from incorporation. They should pay for these benefits at least at the same rate as individuals, without us beginning to address issues of excessive consumption of resources by corporations compared to individuals.
3. Corporations are being used to hide wealth of rich individuals. Raising the corporate taxes to that of the equivalently taxed individual ensures the rich pay their fair share of taxes.
4. This is before we begin to examine tax systems of the rest of the first world which have progressive tax policies specifically designed to have higher percentages for higher incomes in order to limit the disparity in wealth between rich and poor. Is it coincidence that narrower gaps between rich and poor in countries such as Sweden, Denmark, Norway, Australia and New Zealand, is paired with high political stability and high tax rates?