Sunday, December 16, 2012

Trade Deficit Dots Connect to Billionaires

Trade Deficit Dots Connect to Billionaires
  • Giant companies get tax rules that give them breaks for moving production offshore to low-wage countries where workers have no rights. The giant companies use the breaks to funnel even more money to the billionaires at the top.
  • China in essence pays corporations to move production to China, offering up low-wage workers living in dorms, free facilities, subsidies, etc. because they want to control key strategic industries of the future. The giant corporations use the breaks to funnel even more money to the billionaires at the top.