I can hardly believe it myself!
In justifying tax cuts for the rich, Congressional Republican leaders have contended, in accord presumably with those whose interests they promote, that because the rich who head corporations are the ones actually doing the hiring of workers from the pool of the unemployed or underemployed, they, the rich, should be rewarded by government with a lower than customary tax burden!
Now, I thought that under capitalism, the Board of Directors of any corporation rewarded its top echelon. If the tax rate were high, a Board simply could provide ample consideration to its executives to meet such a burden. But are these CEOs crying to their Boards of Directors to increase their benefits? Hell no; they want their government, not private enterprise to come up with a tax relief schemata for them!
Some capitalists these guys are. They'll take money wherever they can grab it--call it yielding to socialistic tendencies or forsaking the major tenets of private enterprise under a capitalist model--so long as they come out winners of money, money, money!
Tuesday, December 7, 2010
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