Message #8876

[uselesslegs]

A Goods based economy requires people who can purchase the goods.  If they can't, then the economy suffers.  It's very simple.  

The actual problem that would arise by giving small business and the middle class some of these breaks would be those at the Corp end of the spectrum having a very difficult time explaining why their tax breaks, credits, and incentives aren't creating jobs...and the same advantages actually would/do create jobs at the other end.  It fucks up the rhetoric.  Reality isn't impossible to ignore, people do it quite often, but in our current climate...you'd be hard pressed to dance around the results.

It's becomes quite apparent when one bothers to look under the surface and brush all the fluff aside.  Corps., banks, and wall street spends time engaging in investments that become (and are) cyclical in nature. It benefits few, extracts wealth, but little of the extraction flows back into the general economy.  There is an unlimited extraction taking place in a finite environment.

A perfect example is Exxon posting a 10.5 billion dollar quarterly profit...and using literally HALF of that profit to buy their own shares of stock.  Exxon and share holders saw their returns rise...but it did little to stimulate the economy.  There is no law against this...but the result is false.  The free market didn't dictate the rise of Exxon's shares, Exxon did.  Not through innovation, creativity, or public enthusiasm. No significant jobs were created and no significant stimulation to the general economy occurred.  

There are no interconnected cog wheels here.  These are enterprises engaging in a free for all that aren't reliant on the economy where they're based, to make a profit or be viable...WHILE...they use our resources to do so.  Nor are they compelled in any way, to participate in the economy.  Something is inherently wrong with that.