The Great Deception
Who benefits from the childish playground feuds between the Republicans and the Democrats? While the two major political parties are busily spitting on each other and promoting their agenda like a Kardashian C-List entertainer, Big Business is quietly getting away with murder. Have our political leaders become so blind, they can’t see what Big Business is doing?
No, they know exactly what’s going on, it’s by design. It’s a deceptive puppet show. Our elected officials are willing marionettes controlled by corporate puppeteers, just like a junky is a willing slave to their dealer.
But why would Big Business produce such a show and finance politicians? One word – deception.
“All warfare is based on deception”, Sun Tzu, The Art of War. Just like a magician uses a distracting hand motion to set up a trick, corporations steer their funded politicians into polarizing issues to create a media frenzy. While we’re all watching the show, the real action is taking place behind Washington’s closed doors. And don’t forget, your favorite media network or newspaper is probably a subsidiary of some big multinational corporation.
Let’s take a closer look at this deception by focusing on America’s largest company, General Electric. The top corporate tax rate is 35%, yet G.E. paid zero taxes in 2010 on $5.1B profits for its US operation and claimed a $3.2B tax credit. How is this possible? G.E. assembled a large tax department headed by a former Treasury official, and staffed by personnel from the IRS and Congressional tax-writing committees.
It’s been reported that General Electrics’ lawyers and lobbyists were deeply involved in rewriting portions of the corporate tax code that were signed into law by George W. Bush in 2004. When certain tax loopholes were set to expire in 2008, G.E. successfully persuaded Rep Rangel to keep them and shortly thereafter, G.E. announced a $30M donation to NY schools with $11M going to Mr. Rangel’s district. Of course G.E. says their tax benefits are good for American jobs, but they’ve reduced their US workforce by 20% since 2002.
By receiving great incentive to invest their money offshore, we are now facing, as a nation, one of the most jobless futures of the last eighty years. We won’t hear it in the media – Big Business now pulls most political strings, and controls most “news” outlets – but soon we may be taxed so multinational corporations can receive subsidies to create jobs here in the US.
In other words, we’ll be paying to get our own jobs back.
Roger Ingalls is well travelled and has seen the good and bad of many foreign governments. He hopes his blogging will encourage readers to think more deeply about the American political system and its impact on US citizens and the international community.