Paying Up

IF, and its a big "if", G.E. ACTUALLY ENDS UP PAYING twenty one percent of its gross revenues income in income tax under the new system, it will be a considerable improvement over the old system, under which it often paid nothing, due to endless deductions. Have the deductions been eliminated, or merely hidden? Anyone? Will General electric finally pay something, share the wealth, give something back to America, even if its not much, not enough? Stay tuned. Wy we don't simply pass a law making it illegal for American corporations to send money, business, and labor out of the country without permission is nearly, but not entirely, incomprehensible. Freedom, and all that. Freedom to get government out of our economic lives so we can seriously compete, attack and destroy each other, and have a truly Darwinistic economy of big winners and many, many poor losers? Hell, we already have that. Living in a country governed by an elite corporate oligarchy, in which all political leaders are chosen by billionaires, has its benefits, maybe, but definitely it has its downside. Maybe we need a law requiring all business which now pay less than thirty five percent in income tax to subtract their tax bill from thirty five percent, and pay the difference to low wage workers. One suspects that this so called two percent wage increase we at hearing about due to the recent tax law is benefitting people who don't need it, and not benefitting low wage people who truly do need it. The new tax law redistributes money from the poor to the wealthy. what we need is the opposite effect. A close monitoring of future corporate activity should reveal what is actually happening to the money saved in corporate tax payments.