So I‘m actually surprised that five of them took you up on it. But there is no reason for us, taxpayers, to be subsidizing those corporations, and then those corporations taking those subsidies, or those tax breaks, and using them for creating jobs all over the world. So they should be going all over the world.

In other words, corporations should be, according to the way we organize capitalism, maximizing shareholder returns, maximizing profits. But what drives me crazy is the idea that we should be subsidizing that. I get why businesses want to start factories in China and why they‘re using India for labor, et cetera. I actually don‘t think that‘s crazy or bad. UYGUR: You know, the thing is, I don‘t want people to get me wrong. And it turns out these days, the most rapidly growing markets are in China, India, Brazil, several other rapidly growing markets, and so American corporations are over there not only selling but also creating jobs. That‘s what under American capitalism corporations are supposed to do. Bank of America made $4.4 billion in profits, and not only did they pay nothing in taxes, the U.S. So, in the end, we have a situation where ExxonMobil made $70 - I‘m sorry, $37.3 billion in profits in 2009 and paid zero dollars in U.S. One common trick is to say that they made all their money in Bermuda, where they have to pay almost no taxes, but that all of their costs were here. In case you‘ve been living in a cave in the last 30 years, that would be the Republican Party.Ĭompanies are playing a shell game, aided and abetted by the GOP, where they take money in and out country, depending on our tax laws, to make it appear as if they really didn‘t make any money here. And we don‘t have a whole political party devoted to making us richer. I‘m sure we‘d all like to avoid our taxes, but we don‘t have the lobbying power of multinational corporations behind us. When big business does it, it‘s not tax evasion, it‘s tax avoidance.

Justice Is Coming by Cenk Uygur