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Tag: Global economy

Corporations hoarding cash and destroying jobs

Some of the multinational corporations say they will bring home what could be more than a trillion dollars if Congress will give them an 85 percent tax discount. The companies frame this as creating jobs. But as I showed in an earlier column, unless there are strict rules, the money can be used to buy back company stock while destroying jobs.

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Real job creators are middle class consumers

Without a healthy middle class the rich simply cannot get richer. The real job creators are the consumers and it is in everyone’s best interests to tax the rich to provide infrastructure and job support that will enable the middle class to be healthy and keep buying goods from the rich. The real tax breaks should go to the consumer if the rich want to keep getting richer.

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Occupy Wall Street at last a lefist populist movement

It is the first anti-authoritarian populist movement in this country. The previous populist movements had leaders, usually charismatic leaders. This is very different. We’ve never seen anything quite like this, and I think we’re in uncharted territory. This is a 21st century social movement, where the activists are taking advantage of new social media, from Twitter and Facebook, but also they have a …

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