Corporations generating billions in revenue pay less tax (if any) than you or I--
Since 2009, America’s most profitable companies such as ExxonMobil, General Electric, Bank of America and Citigroup all paid a grand total of $0 in federal income taxes to Uncle Sam. Tax havens alone account for up to $1 trillion in tax revenue lost every decade, money that could be invested in K-12 education, colleges, public health, job creation and hundreds of other worthy public programs. (UsUncut.org)at the same time that social services programs that provide shelter, sustenance, and nurturance for teens in the foster care sytem, like the Bridge, which, as reported on CNN is closing its doors after 43 years for want of a few million in operating funds. Like, seriously, less than FIVE million dollars. Seriously? That's probably not even a week's salary for way too many people (think Wall St., and Fortune 500 honchos)- or maybe, Oprah, instead of giving out cars, could flutter a couple of million on them.
Obama seeks to trim $1.1 trillion from the budget in the next ten years by cutting or eliminating over 200 federal programs, many dedicated to social services and education.
Here's an idea: if you're gonna let such obvious income inequality persist, at least TAX
But of course, something like that would require a President who actually walked the talk rather than snuggle in bed with the fat cats he railed against.
So there I go, on and on about it.
For some, thank God, hope springs eternal. From flash mobs to Facebook and Twitter, people are collecting and revolutionizing. Maybe, just maybe, democracy has a chance even here in the US. UsUncut is taking it to the streets on February 26; where will YOU be?