Monday, February 07, 2005

Nobles Need Not Pay Taxes

Published on Tuesday, February 1, 2005 by
Nobles Need Not Pay Taxes
by Thom Hartmann
A new aristocracy is taking over not just the United States of America but also the world. Proof of how far along it has come was in an article by Glenn R. Simpson in the January 28, 2005 edition of The Wall Street Journal.
"European countries have been steadily slashing corporate tax rates," wrote Simpson, adding, "...between 2000 and 2003, one nation after another has moved toward lower corporate rates with fewer loopholes."
On January 31, 2005, the Journal followed up with another story ("Tax Showdown Promised by EU Chief") pointing out that "...the new president of the European Commission launched a blunt attack on French and German efforts to end tax competition among European Union countries."
Ironically, EU leader José Manuel Barroso is also quoted in the Journal as saying: "Corporatist vested interests are the most important problem, be they from the left or the right."
This is more than just a tax cut story. It's about a fundamental shift in power and wealth from average people and the governments they had formed to represent them, to the capture of those governments and economic enslavement of their people by corporate aristocracies....