While states and municipalities are forced to cut back on education, health, and welfare, the big corporations play off one region against another or threaten to leave the country in order to garner huge benefits and exemption from taxes.
While it was once taken for granted that large U.S. corporations would do most of their investing at home, companies such as Boeing and Intel now act as if they are doing the country a favor with their domestic projects and expect to be rewarded handsomely in the form of special state tax breaks on top of those business-friendly provisions available to all firms.As corporations, their stockholders, and bankers, and all of the One Percent are swimming in cash and luxury, the 99 Per Cent are sinking deeper into poverty. See this report entitled, "US mayors decry rise in poverty, homelessness" from AFP (Agence France-Presse).