(This is a work in progress)
Our government gave bailout money to some corporations this past year, in my opinion that money would have done more good if went to the people who are in danger of losing everything they are trying to own. It would give the people a chance to pay off some of their debts, give those who would like a house a chance to have it foreclosed on. This would help everyone for the simple fact that the corporations would have ended up getting their money they needed to continue to do business.
Our government gives tax credits to the big oil companies that report billions of dollars of profits every quarter. In order for them to continue getting those credits they should use a percentage of their profits in finding a more environmentally friendly solution for a fuel source as an alternative to petroleum. Doing this would create more jobs for the American people and revenue for our leaders to tax us on.
They also give tax credits to the big companies who are sending a lot of our manufacturing jobs overseas for cheap labor and companies that buy their products overseas (Wal-Mart) and sell to the American public. These companies should be required to have 75% of the products they sell to the American public MADE IN THE U.S.A. in order to keep getting tax credits. Just think about it if no one is working or can afford to buy from them where are they going to get their profits from then?
There should be some limit to how big corporations can get, so that they don't shutdown existing small businesses. More should be done to promote local businesses who manufacture or grow the products they sell in the communities they live in. The small mom and pop businesses should get more tax credits than corporations.
I don't have a problem with companies making a profit and I understand the concept of profits. But there is also the difference between respectable profits and profiteering.
After all and I may be wrong, but I firmly beleive that both the corporations and our government in their greed are responsible for the financial crisis this country is burdened with.
No comments:
Post a Comment