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Wednesday 19 September 2012

Romney unsurprisingly didn’t back down from his statements that roughly half of America is dependent on welfare. This has been a trope among right-wing pundits for a while - that government spending is making a dependent class. They’re right. It’s making dependents of companies like Lockheed ($35 billion in one year), Boeing ($19 billion in one year), Halliburton ($7 billion in one year as a no-bid payoff), and hundreds of other companies tearing money out of the federal budget funding dinosaur procurement programs that in some cases the military itself has said they no longer want and need. Our military procurement system is institutionalized welfare on a massive scale. It also makes dependents of the wealthiest companies and individuals who use the byzantine tax code as a road map to determine how best to conceal their holdings and avoid as much tax outlay as possible, to the extent where companies such as General Electric pay no tax whatsoever and individuals such as Mitt Romney have a lower effective tax rate than, well, me. Keeping these corporate welfare schemes in place is a large part of why billionaires such as Sheldon Adelson and investment firms such as Goldman Sachs are pumping millions into the election - it’s out of pure self interest (and in Adelson’s case, ensuring that Palestine never exists - a cause which also has him literally single-handedly destroying Israel’s newspaper industry by funding a free daily newspaper putting other, less Netanyahu-friendly papers that actually have to earn revenue, out of business.) Corporate welfare is destroying our economy through gutting its competitiveness, our long-term growth through a defunding of education and infrastructure due to governmental fiscal collapse thanks to a shrinking tax base, and, through income inequality unrivaled since the Gilded Age, our society as a whole. Mitt Romney’s response? The poor need to pay more taxes. Scott Jennings

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    lolol They Scammin a whole country lololol
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