Your stats are funky. 90 percent of all the corporations in the US are small businesses in the form of S Corps and LLCs. Their revenue is reported in personal tax returns, not corporate. Your 65 percent number does not take that into account. The rest of the 65 percent are made up of companies that took losses. That's why they didn't pay taxes.
The gross income of corporations and individuals in the US is almost $15 Trillion. C Corps represents less then 10 percent of that. Yet they pay 14 percent of all the tax revenue -- not income tax revenue but all revenue -- that comes into the US government.
The IPHONE is a crappy 'phone'. Ask anyone who's designed real cell phones. The only thing it's got going for it is the restricted nature of Itunes (keeps out the riff raff), and the GUI/OS. What does that prove that China can manufacture it ? You mean to say, they didn't screw it up. Because a trained monkey could probably assemble it.
It's a rather tight loop our ruling class has designed isn't it? The top few percent of the population own the bulk of the shares. Don't tell me I can also purchase shares - I do - but "their" shares are the only votes that count because of their superior numbers. "They" also populate the highest elective offices; who else has the required millions to run for major office? "They" also run the very corporations that are beholden to these very same shareholders. "They" direct spending on lobbyists. Where does the average guy fit in the equation? We vote.....for either the wealthy Democrat or the wealthy Republican. And then we are dumb enough to argue about the differences between them, all while our country gets sold out from under us. God help us all.
I think only one person mentioned the real danger to the US economy here. Corporate intervention in elections thru the "Citizens United" judgement. The judgement made by the same bunch stacked with Republican appointees. Now multinational corporations can join in the electoral fun we Americans get to enjoy every 2/4 years.
I'm waiting to see what candidates Iran and North Korea sponsors. What fun! Wee!
China's development is paved in blood. How many workers commit suicide there because they are not paid ? How many families displaced by the government to make way for expensive high rises that no one bu the very rich can afford.
Face it you live in a Gulag. You just don't know it.
BS, the companies failed to fund the retirement programs as they were contracted to do and had a big bill at the end when workers started to retire. They didn't have to sign the contract, but they did and they knew they weren't going to honor it. Bean counters.
Henry Ford paid his workers above the going rate because he wanted them as customers too.
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