Republican Presidential candidate Mitt(or Spiff, as we at the Bucket call him) Romney was heckled, jeered and hooted at in Iowa the other day when he said in a speech that ‘corporations are people’. We applaud this fine gesture but we think, since there are many farms in the Hawkeye state, the people should have also heaved some manure at the ol’ Spiffster.
Speaking of heaving crap, in 2010, the Supreme Court said basically that ‘corporations are people, too’ when they ruled that corporations should not be limited in the amount of money they can contribute to political campaigns. So this means that corporate America can use their immense wealth to greatly influence elections so that lackeys(Teabaggers anyone?) who support their agenda(tax cuts anyone?) will get elected. This kind of government is called a plutarchy, which is a combination of plutocracy and an oligarchy. And a plutarchy pretty much means the average citizen is royally screwed.
Depending on your source, it’s estimated that 50-60% of corporations pay no income taxes. In 2009, companies like GE, Bank of America, Citigroup and Valero paid no income taxes whatsoever while making billions of dollars in profits. Now that’s patriotism! So much for that saying ‘with great power comes great responsibility’. Well, we say if ‘corporations are people, too’ then they can start paying more taxes. Teabaggers keep blathering about returning to the good ol’ days of the ’50s. How about the 90% tax rate that the top tier paid during the Eisenhower(Republican) administration for starters. That would surely jump start a lot of infrastructure projects. But then again our corporate overlords wouldn’t get their million dollar bonuses and we absolutely need our tycoons happy or else they won’t create jobs for us peons. The Corporate States of America: for the corporation by the corporation, with liberty and justice for plutocrats.
