Surviving Capitalism (Not) : A Tax Break Nobody Needs

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Wednesday, July 21, 2010

A Tax Break Nobody Needs

by Gerald E. Scorse from Dissident Voice.

While the tax code is extremely unfair, this author focuses much too narrowly on one provision of it. And he doesn't deal with the issue of extending tax cuts to the wealthy passed during Bush's administration.

For the most part corporations are brimming over with cash as are many rich Americans who mostly stash their millions in offshore bank accounts. But then, who writes the tax code? The corporate sponsored representatives in Congress.