https://www.npr.org/2018/10/16/657790901/federal-deficit-jumps-17-percent-as-tax-cuts-eat-into-government-revenue
The Needs of The Many Outweigh The Needs of The Few or The Stockholders.
The main quest of the corporate world is: "How can we increase profits for stockholders?"
Decisions in boardrooms often sacrifice the health of the majority of people, animals and plants in order to create additional wealth for the owners of corporations. For Example: Offshore oil drilling will increase profits for oil companies but cause oil spills that harm the environment. The owners of oil companies often live in Conneticut or downtown Manhattan NYC and it makes no difference at all to them if the beaches in Los Angeles have black goo on them. The laws about automobile air pollution protect the lungs of people that breathe air but corporate greed freaks often live in air-conditioned offices and homes that have filtered air that removes the pollution... They believe that the solution to global warming is to turn up the air conditioner so that their offices always remain at 72 degrees... If it's 110 degrees in Harlem or Queens it's simply not important to people that make decisions on Wall Street.
However, Hurricane Sandy disrupted the lives of rich and poor. When the streets flooded, Limo-Man couldn't ride in his Limo. We see that already there are civil engineering plans for building dikes around lower and mid-town Manhattan to prevent rising sea levels from flooding. Good luck with THAT, masters of the universe... New Orleans has dikes too... but sometimes they fail... like during Hurricane Katrina. Maybe a better plan would be to stop burning gasoline in cars and build more solar and wind power plants to charge electric cars...
How much wealth is enough? Can there be a balance between corporate profit and quality of life for the people? What is the point of getting another Billion Dollars once you already have One Billion? Where is the MOTIVATION?
What IF we could teach corporate greed freaks to behave differently? It's A Question of Balance...
The federal deficit ballooned to $779 billion in the just-ended fiscal year — a remarkable tide of red ink for a country not mired in recession or war.
The government is expected to borrow more than a trillion dollars in the coming year, in part to make up for tax receipts that have been slashed by GOP tax cuts.
Corporate tax collections fell by 31 percent in the fiscal year ending Sept. 30, despite robust corporate profits. That's hardly surprising after lawmakers cut the corporate tax rate from 35 percent to 21.
Income taxes withheld from individuals grew by 1 percent. Overall tax receipts were flat. As a share of the economy, tax receipts shrank to 16.5 percent of GDP, from 17.2 percent the previous year.
"The president is very much aware of the realities presented by our national debt," said White House budget director Mick Mulvaney.
Echelon Keyword Data: income tax, debt, national, bankrupt, USA, Gong Show, Quack Quack, Bubbles, Boom, Bust, Stock Market, Meltdown, Global, Economic, Collapse
The main quest of the corporate world is: "How can we increase profits for stockholders?"
Decisions in boardrooms often sacrifice the health of the majority of people, animals and plants in order to create additional wealth for the owners of corporations. For Example: Offshore oil drilling will increase profits for oil companies but cause oil spills that harm the environment. The owners of oil companies often live in Conneticut or downtown Manhattan NYC and it makes no difference at all to them if the beaches in Los Angeles have black goo on them. The laws about automobile air pollution protect the lungs of people that breathe air but corporate greed freaks often live in air-conditioned offices and homes that have filtered air that removes the pollution... They believe that the solution to global warming is to turn up the air conditioner so that their offices always remain at 72 degrees... If it's 110 degrees in Harlem or Queens it's simply not important to people that make decisions on Wall Street.
However, Hurricane Sandy disrupted the lives of rich and poor. When the streets flooded, Limo-Man couldn't ride in his Limo. We see that already there are civil engineering plans for building dikes around lower and mid-town Manhattan to prevent rising sea levels from flooding. Good luck with THAT, masters of the universe... New Orleans has dikes too... but sometimes they fail... like during Hurricane Katrina. Maybe a better plan would be to stop burning gasoline in cars and build more solar and wind power plants to charge electric cars...
How much wealth is enough? Can there be a balance between corporate profit and quality of life for the people? What is the point of getting another Billion Dollars once you already have One Billion? Where is the MOTIVATION?
What IF we could teach corporate greed freaks to behave differently? It's A Question of Balance...
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