That deadbeat 1%

While corporate profits are skyrocketing, corporate taxes are plummeting to all time lows (less than 10% of federal tax revenues).  The effective tax rate on corporations now stands at a little over twelve percent--considerably less, percentagewise, than most of us pay.

While corporations were reaping $824 billion in profits last year, the working men and women of America saw their wages fall to an all-time low, 43.5 percent of GDP (historically it's been over 50%).

Explain to me please, why a) we continue to subsidize corporations, and b) we need to cut the social safety net?  In a better world, the only matter we'd be discussing in the fiscal curb negotiations is how much more American corporations are going to pay.

We ought to just be called the United Corporations of America.

Peace,
emaycee