corporate tax dodging
If you think the pharmaceutical industry has stolen all it can from the American people through its price gouging, think again. Even as they're pricing medications as high as the market can bear and beyond, drug corporations are getting big taxpayer subsidies and then dodging taxes on the resulting huge profits.
Another day, another bombshell study exposing corporate tax evasion.
And the timing of the new tax inversion rules couldn't have been better.
After three decades of engineering a winner-take-all economy, and buying the political power to consummate their hold on the wealth created by the system they had rigged in their favor, America's plutocrats have been taking the final and irrevocable step of separating themselves permanently from the common course of American life.
U.S. corporations have come to believe their fates are no longer inextricably tied up with the fate of their country's economy. They're sorely mistaken, and we're all suffering from the consequences of their delusion.