Tag Archives: corporations

The situation is becoming untenable

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Ah, yes.  The truth- and the dangers- are now becoming obvious.

The GOP was desperate to provide a benefit to their benefactors.   So, they lowered the corporate tax rates to a ridiculously low 21%.  Even though most corporations never paid the much bandied about 35% rate.  (Only professional corporations and small businesses got stuck with that level of taxes.  Big corporations always hid- and still do- their profits from the tax man.)

Continue reading The situation is becoming untenable

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A citizen?

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Most of us think it was Milton Friedman who was the first to assert corporations have special rights. (Friedman was the one who asserted that corporations have no social compact with their employees or the cities in which they reside.)

Continue reading A citizen?

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Who owns ya?

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It’s that time of year again.  Where I have the perennial argument with some clients and friends about who really owns American corporations.  After all, they show me their stock certificates.  That is their “proof” that they own a portion of the corporation.

Continue reading Who owns ya?

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A turning point?

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Way back in 1970, Dr. Milton Friedman postulated an heretical (at least for then) idea in the New York Times Magazine. (The Social Responsibility of Business is to Increase its Profits, 13 September 1970. There is no link, because it predates the internet.) The fact that it took hold over corporate thinking was, to me, amazing.

Continue reading A turning point?

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Coming Soon to a Tax Agency Near You…

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You’ve read about my concept to make corporate taxes more fiar and inclusive for years.  No, I am not running for President.  But, that doesn’t mean I don’t have better ideas, ones that our government (and other world governments) should adopt to stop the erosion of capital (and tax revenue!) from the shores of the countries from which these funds were developed.

Continue reading Coming Soon to a Tax Agency Near You…

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It’s time. No! It’s WAY past time!!!

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Here, we go. It’s the heart of election season (only because we have made the primary season so long- and have it run right into the national election).   Only, this time, there’s enough talk (but still no action) that maybe we- that’s you and me, folks- can goad our do-nothing Congress into doing something to back up everyone’s polemics.

Continue reading It’s time. No! It’s WAY past time!!!

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