Jeremiah Cornelius's Journal: Taxed by the Bossman 5
Journal
by
Jeremiah Cornelius
I guess this explains why the pothole in the state expressway is still awaiting repairs. Goldman Sachs, General Electric, Sears are among over 2,700 companies withholding income from their employees - but instead of sending the money to the state coffers they're keeping it for themselves. With the legal blessings of your own state.
I learned a new term today (Score:2)
"Corporate Socialism"
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Governments existed long before corporations. However, the rich and powerful establish governments.
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These deals typify corporate socialism, in which business gains are privatized and costs socialized.
The latter half of the sentence is a classic Marxist description of capitalism.
I continue to be bemused by the tendency to come up with elaborate circumlocutions to describe the fundamental features of capitalism as if they were recent aberrations.
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Me too- hasn't capitalism been doing this for over 350 years, since mercantilism began taking over from feudalism? In fact, wasn't privatization of gains and socialization of costs the *entire purpose* of economics in general since the days of the Phoenician trade ships sailing the Mediterranean?
Heck, distributism (as the third way) could be described by a Marxist as the socialization of ownership- and thus the socialization of both costs and gains- among as many PRIVATE INDIVIDUALS as possible, and thus t