I think we all know by now that the economic theory known as the "Trickle-Down Effect" is complete and utter bullshit, causes economic inequality, and could also be described as "corporate welfare".
So, wouldn't it benefit our society as a whole to take away that taxpayer-funded corporate welfare from the criminals and put it to good use towards testing the value of the "Trickle-Up Effect"?
Eighty-three companies have stockpiled $1.43 trillion in untaxed profits in foreign countries, according to data compiled by Bloomberg. The leader is General Electric Co., which said in a Feb. 26 filing it has $108 billion sitting overseas.
ReplyDeleteSource: NJ.com - Offshore profits' let Merck, Johnson & Johnson avoid $2b in taxes last year
Much about who we are is determined by the lottery of our birth. We inherit genes we didn't ask for, and are faced with a world we played no part in creating. In short, we are shaped by forces over which we have no control.
ReplyDeleteRaoul Martinez examines the radical implications this has for our personal and political freedom. He challenges the way we think about responsibility, blame, punishment, and, ultimately identity, compelling us to question the forces—religious, cultural, economic and political—that have shaped us.
Adding to poor patients' incomes works to decrease the health effects of poverty, Canadian doctors are finding. The Canadian Medical Association is asking people across the country how poverty affects their health as part of its national dialogue tour. The group said that social and economic factors determine 50 per cent of health outcomes.
ReplyDeleteSource: Treating poverty works like medicine, doctors say