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Re: “Letters

Responding to John Stansfield's letter about the Supreme Court's allowing corporations (and trade unions, also) to participate in the funding of election candiates and PAC by recognizing them as "entities" in the political process, Mr. Stansfield will no doubt be shocked to learn that corporations in the U.S. employ thousands, and tens of thousands of workers, and in a general sense the best interest of those workers is represented by the best interest of those corporations, large and small. A tax (currently the U.S. corporate tax is the 2nd highest in the world) on corporations without concurrent representation in the policical system is in effect "taxation without representation". Is that fair?

Secondly, 60% or better of Americans own stocks and bonds in those corporations, and as stock values rise, the dependence of retirees on the government for retirement funding diminishes. In a wider sense, the interest of Americans as investors is denied by barring corporations and their well-being from the political process.

Not a dime of tax is due or paid to support the grand social schemes of the "income redistributors" (i.e. governments) until some entrepreneur or corporation designs a product or service that adds value in the marketplace, makes a dollar, hires an employee who then makes money to generate individual income tax, sales tax, corporate tax, and the like. Bashing corporations does nothing to improve the general welfare.

No one disputes that sometimes corporations, like individuals, make mistakes; and the legal system in the U.S., supported by thousands of plaintiff lawyers, has extracted more that it's share of damages and penalties to compensate the damaged parties, as was the case with the Exxon Valdez and now with BP. Some are compensated fairly, some not, and plenty of "victims" game the legal system against corporations, and walk away with handsome rewards. What other "bashing" is required?

The Supreme Court recognized that it is patently unfair to give "individuals", like multi-billionaire George Soros (a foreign national who famously makes money betting against the currencies of the countries he targets) the right to spend tens of millions of their own money electing anti-business, pro-union, economy-crippling politicians while preventing their targets from responding. Our current crippled economy and unemployment rate speaks to that. If corporations have no voice, then let's not tax them.

Fortunately for people like Mr. Stansfield, corporate-bashers have the Administration firmly in their corner, as a 54-page report released last week by the Business Roundtable attests. Signed by the top 200 corporate leaders in America, it is full of everthing the Administration has done in the past 18 months to oppress the business community and discourage investment and trade. The upcoming repeal of the Bush tax cuts, new Healthcare taxes, possibly a new energy tax passed in the December lame-duck Congress will make the U.S. one of the least-competitive business environments in the world. Looking at the empty buildings in Colorado Springs and other cities, it is clear that corporations and American capital are fleeing the U.S. to countries where they are welcomed.

To paraphrase Richard Nixon: "You won't have corporations to kick around much longer".

There are plenty of countries with no corporations, other than the "state controlled". Mr. Stansfield, hopefully you can move there. A short list: North Korea, Cuba, Iran.

Best of luck with that.

Michael Lowery
Colorado Springs, CO

Posted by Michael1 on 07/09/2010 at 10:45 AM

Re: “We're already poor, folks

Ralph -

You, the City Council, John Hazelhurst, et. al. have one recurring, idiotic theme: The voters are ignorant, ignorant, ignorant.

A study of democratic history shows that the voters/citizens always manage to steer the government back from its excesses when it get off track. It has gotten off track now, and you are more of the problem as opposed to a solution.

The citizens, Mr. Routon, are not ignorant, not even your supermarket example; they are scared, and rightfully so. They know intuitively that for the most part their good jobs and good earnings are gone, possibly forever. They see that City Council/EDC has been able attract only a handful of companies since the telcom boom of the early 90's fled to Asia. They see massive debt looming ahead that can only lead to much higher taxes, not only at the Federal level, but the huge PERA deficit that covers future City retirements.

They might support a tax increase, Mr. Routon, but fear the Council will hand more millions not the infrastructure you discuss, but to the USOC or other boodoggle. Or to PERA to float the massive City workers pension plan. The voters look around the country and see whole sectors of our economy shut down by regulation (energy, manufacturing, mining, textiles) and the country as a whole becoming a third-rate economic power (with the exception of entertainment and information technology, and how long IT?)

The voters see the pro-tax and anti-business stance of the Obama administration, the pro-tax City Council, and the pro-tax State Legislature, and know darn well that nobody would launch a business or create one job in the current economic environment. Investment capital is fleeing the U.S. for the BRICs and other countries that welcome capital and job creation, where the greens and the lawyers won't sue them over every minor incident and Preble mouse.

The voters/citizens know intuitively that we have to keep cutting until we get to a zero baseline budget, they know we cannot afford a city government where the average salary is $89,500 with Ferrari benefit packages; it is unfortunate that services as you describe have to be cut, but the real problem began when the City exceeded it's charter and got in the "lifestyle" business. Surely community groups will form to take over these centers, a private sector solution always arises once the government flops.

We are in for many, many years of deep potholes and broken up roads while we await the kind of alignments on both the national level and local level that will make Colorado Springs and the U.S. competitive enough in world markets to start creating jobs, and therefore raising tax revenues to support larger government. And government will have to show it is responsible enough to use the money wisely.

It is not the citizens that are ignorant, Mr. Routon, it is our leadership on all levels of government that are ignorant, not to mention those who are in bed with them, including the media.

Colorado Springs

Posted by Michael1 on 02/10/2010 at 10:14 AM

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