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Why is socialized risk and corporate welfare so acceptable?

Why is socialized risk and corporate welfare so acceptable?

Definition-of-InsanityDespite decades of statistics demonstrating that as corporate tax rates go down unemployment and poverty rates go up and the income inequality gap widens, the myth that tax breaks are somehow good for the working class persists. The local paper demonstrates this dogmatic, ideological, dare I say faith-based belief that repeating the same failed strategies will somehow produce different results. From the Cheers & Jeers section of The World.

Last year, when a special legislative session froze Nike’s tax formula, many voices suggested offering similar deals to smaller businesses. After all, Oregon does not live by tread alone. But legislative Democrats stomped the idea this week. Jeers.

Why was it such a good idea to enable Nike chairman and co-founder Phil Knight to increase his personal net-worth, already hovering around $14.1 billion, by not paying taxes which enable he and his wife to look like great philanthropists by making tax deductible charitable donations? The parent company, Lee Enterprises, probably doesn’t want to pay its fair share of taxes for the use and maintenance of public infrastructure anymore than Nike does.


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About magix

When my oldest son, a Marine, left for war and crossed the border from Kuwait into Iraq in March 2003 I started writing my conscience. After two tours that young combat veteran’s mother is now an ardent peace activist and advocate for social, environmental and economic justice. MGx has matured since those early vents and ramblings and now covers relevant and important local and regional matters in addition to national and global affairs.


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