‘Rich Corporations’ Benefit Middle Class

found online by Raymond

 
From Principled Perspectives:

I can see debating the merits of the GOP tax plan. By why the railing about the rich? This mindset is particularly bizarre in regard to corporations. How do “rich corporations” grow? By catering to the middle and lower classes (statistically speaking). They grow through mass market products.

We have successful business corporations to thank for the fact that we have the rich assortment of choices relating to home mortgages, college tuition, groceries, medical care, and all the other myriad choices corporations give us, including job opportunities. Historically, people couldn’t even dream about having all these opportunities to “balance”. We have successful business corporations operating in a relatively free market to thank for that. The simplistic political demagoguery that pits “us against them” ignores the fact that the corporation is an alignment of individual interests that benefits all. What we call “the economy” is an integrated entity, not a disintegrated zero-sum. People grow wealthy in America primarily by starting, building, running, and investing in great entrepreneurial businesses. Investors, employees, and consumers grow along with the corporations. The “very richest, largest, and most profitable corporations” are truly middle class institutions.

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2 thoughts on “‘Rich Corporations’ Benefit Middle Class”

  1. What a clueless rube.

    the rich assortment of choices relating to home mortgages, college tuition, groceries, medical care, and all the other myriad choices corporations give us…

    They give us nothing. They sell stuff. Only the rich have all those “choices”. They own our government, and make THEIR public policy choices against the middle class interests.

    Investors, employees, and consumers grow along with the corporations..

    Right. Minimum wage employees and gouged consumers are raking in the dough just like the Kochs and Waltons.

    The “very richest, largest, and most profitable corporations” are truly middle class institutions.

    Right. The humble Kochs and Waltons are the salt of the Earth.

    What is it with these dupes?

  2. “But it’s not so clear that we as investors, employees, and consumers are actually the ones paying the corporate income tax. ”

    Suppose that the corporate income tax were completely eliminated. Would all corporations reduce their prices in proportion to their increased profit? Of course not, so it cannot be said that the consumer is paying the tax. Would all corporations hire more people or grant raises in proportion to their increased profit? Of course not, so it cannot be said that employees are paying the tax. The faulty assumption here, so common in libertarian thought as well as in the economic policy that Republicans are peddling with their tax plan, is that businesses will necessarily or generally put additional money back into the business in such a way that everyone else benefits.

    I’d like to see more policies that mandate the effects that they’re supposed to have when possible. If you want reduced taxes, for example, then you must hire more people. Of course, that would require too much thought and effort from a party that is more interested in fitting taxes on a postcard and chanting “Freedom!” than doing anything to genuinely help people.

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