When you were a child peddling five and 10 cent drinks at your makeshift lemonade stand, did you ever consider asking the government for a publicly funded “incentive” to assist your business in its start up costs?
For those of us who have caught the entrepreneurial spirit, would we have ever considered asking our local city government for a series of publicly assisted benefits such as paying no property taxes for 10 years? Did you ever think to ask for and receive a sales tax exemption for the next 5 years? And if any of us “common folk” would have dared asked for these start-up business incentives, we would have been laughed out of the corridors of our local city hall. Why? Because the privilege of receiving corporate welfare is reserved for the big boys, such as the big box stores, in this increasing city government culture of one hand washing the other. Certainly, we all realize that nothing is really free as grateful corporations become eager campaign contributors in local elections. In the furtherance of supporting your local box stores, your local mayor is in effect actually raising the tax base of their respective communities without so much as a public vote, or a public debate taking place. What the city officials don’t tell you is that for part of our work day, the common man is laboring to support a global corporation’s entry into their community.
I have to compliment the global corporations for their business ingenuity. First, they lobby the United States Congress into entering into free trade agreements (e.g., NAFTA, CAFTA) which allows them to unemploy millions of American workers in the name of relocating their manufacturing overseas and then these same corporate interests are allowed to sell these foreign made products back to the many of the same displaced Americans, through the removal of tariffs. Then, these same corporations convince Congress to passively ignore the illegal immigration problem in the name of acquiring even more cheap labor. Adding insult to injury, these same corporate interests are experiencing dramatic economic benefits through this new system of tax-supported corporate welfare. At least when the state and federal government raise taxes, it requires a public debate and vote. All too often, these political decisions which serve to benefit corporate interests at the expense of the taxpayer are executed by unelected bureaucrats such as the Town of
Fortunately, for Arizonans, two legislators, Representative, Ken Cheuvront (D-
The cities lobbyists are scurrying around the buildings of the State House and the State Senate seeking to kill the two bills. Yes, fellow taxpayers, you are also funding the cities efforts to fight the reigning in of their corporate giveaways of our money. In fact, according to the Daily Reckoning,
In this tax season, financial experts remind the public that it is not too late to purchase an IRA in order to lessen our tax load. I have a simpler solution if you really want to cut your personal tax burden: Do yourself and every