Corporate Giants Aren’t Wealth Creators…They’re Parasites

May 12, 2013

Corporate theft, and blamed on the poor.

Scriptonite Daily

PS1

The private sector is evading its taxes, failing to pay workers a living wage, and becoming a burden on the tax payer for subsidies and bailouts.  At what point to we stop calling them wealth creators and start calling them parasites?

Bailouts

PS2

Neoliberal democracies around the globe have been using taxpayer money to underwrite and directly pay off phantom debts made by the banking sector.

According to the National Audit Office, The UK National Debt rose by £1.5trn as a result of the Bank Bailout. This is twice the nation’s total annual budget.  For this amount, the UK could have funded the health service (£106.7bn a year) for fourteen years , the entire education system for forty years(£42bn a year) or over three hundred years of Job Seekers Allowance (£4.9bn a year).

According to the Special Investigator General for the Troubled Asset Relief Program’s (SIGTARP)…

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