pbmus

pbmus's Journal

March 22, 2020

Democrats give the Con and his senate 2 choices...

https://twitter.com/blakesmustache/status/1241779364758523909

March 19, 2020

Insanity Hannity is finally told exactly what he is...

https://twitter.com/grantstern/status/1240268017751162882

March 17, 2020

Regeneron's CEO Says We Could Have a Covid-19 Treatment 'Quickly':

https://twitter.com/marketwatch/status/1240043722840199174

March 17, 2020

Corporate greed gave us Trump. Careful what you wish for!

https://threadreaderapp.com/thread/1239910378483613697.html

Thread: Corporate greed gave us Trump. Careful what you wish for!

Large corporations support Trump and the GOP because they want low taxes and a small government with ineffective rules and regulations, allowing them to act corruptly and without regard for consequences.

Let’s start with taxes. Large corporations don’t want to pay their fair share of taxes and they know the GOP will give them what they want. They also know this means the US Government will be unprepared for things like pandemics, but they don’t care about long term consequences.

They got what they wanted on the tax front. Trump gave them huge tax cuts and they blew all that money buying back their own shares, driving up their share prices without having to become more productive or to innovate, and they got rich from it.

How about regulations? They don’t want to have to treat workers well or have regard for things like pollution and greenhouse gasses. They only care about profits. So they want a federal government that’s unprepared for things like pandemics as long as their stock keeps going up.

But guess what? A pandemic is here now, and we have the exact kind of government big corporations want. A government that has underfunded long term priorities and is unprepared for calamity. And all those stock price gains are gone. POOF!!!

Turns out the federal government is kind of important. You need a strong, competent federal government, funded by corporate taxes, to be prepared for a pandemic. Big corporations knew that, but they didn’t care. They were blinded by greed, and now they are paying the price.

So what will corporate America do now? They’ll stick out their hand and ask Uncle Sam to bail them out, of course. They are fat and lazy and don’t know how to cope with externalities. They rely on the same federal government that they’ve rendered inept.

How about next time we make corporations pay their fare share so that we are prepared for this kind of thing and we can have long-term, sustained growth, aided by a government that is appropriately concerned about externalities, rather than solely focused on short term profits?

March 16, 2020