You mostly have no argument from me, excepting the diference of opinion in whether business exists to provide social "goods." I more thn agree with the lack of transparency and manipulation of the system to allow actual and quasi-monopolies, "rigging" of preferences, incentives, even actual grants and giveaways to business (and recently to nonprofits that are in reality businesses). I too, hate the loophlole that allows business to get credit for profits earned and taxes paid in overseas operations, but which allows unlimited deferral and accumulation of those profits in other countries, rather than some kind of minimum return of profits to U.S. parent companies. I understand the theory, that those profits may be needed for expansion, acquisitions, and other corporate expense, but the reality and experiental history indicates a gaming of the system. Much of today's tax code has been developed to provide government (or business) designed incentives to support or protect business. Just take THE CASE OF DICTATED ETHANOL USAGE IN MOTOR FUELS IN WHICH UP TO 40% OF THE U.S. CORN CROP GOES TO ETHANOL PRODUCTION, WHILE ETHANOL IMPORTS ARE RESTRICTED TO "PROTECT" ARCHER-DANIELS-MIDLAND, PRIMARILY (WHO WAS THE INSTIGATOR OF THE ETHANOL IDEA IN THE FIRST PLACE)! You might ask yourself this: Who benefits from the increasing numbers of poor and minority populations-just follow the money. Right! Government and mostly nonprofits benefit from inducing and supporting these populations.
Read the Article at HuffingtonPost
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