It would help more if the corporations actually used the profits to expand their business instead of lining the pockets of the executives.
That's largely my point... and why I object to all the 'in-your-face' advertising. The primary purpose of advertising is shareholder profit and increasing already enormous executive salaries. If the side effect of this is more jobs - and I say 'IF' - while unintended [more employee paperwork] - it still serves the corporate big wigs via greater production.
Meanwhile...... 12 companies have moved to Indiana from IL so far this year taking the jobs with them, thanks to the Governor raising taxes last year. Illinois is one of only three states to do so since the recession started.
And that situation is set to worsen as more companies relocate their manufacturing arms to Asia to exploit cheap labour and maximise profit that way. The same thing is happening here in Oz... and when you consider the size of our dwindling manufacturing base, we don't have a lot left to lose. It began with the corporate greed of the 70's and has unabatedly gone downhill ever since.... ordinary jobs are lost overseas while the executive base grows.
It's like the company I used to work for in the 70's making plumbers supplies. When I first started there we had 1200 employees on the factory floor and 12 execs upstairs.... until they sent the foundry operation to S Korea and shut down half the machine shop. 1100 employees lost their jobs that day... and the rest of us were driven even harder to keep production flowing. Anyway, the upshot of it all is that when I was made redundant with the 35 other machinists, there were 27 executives and an office staff of 30... all to run what was essentially a storage/distribution depot.
Oh, and did the price of product go down in line with the cheaper production... even with added shipping/import costs? Not on your life! No, they actually went up, and have kept rising well above the cost of living/inflation rate, etc. Sadly, this is the way the world is going, where the wealthy will have accumulated ALL the wealth... then hand out a few paltry food stamps and say: "Look, see how good we are to you."
Our power company has raised rates four times since 2008 and wants to raise it again. (supposedly this time because of said tax hike) while posting near record profits of 200 million. WTF!!!
My power has increased in price by more than 600% in five years. These days we turn off everything that's not necessary or in [actual] use, yet the quarterly bill still gets bigger and bigger. The power company execs, all on multi-million dollar salaries and growing, CANNOT justify it, no matter what they say. They have become the world's new 'bankers'
We had to resort to getting food stamps last year (hey,you gotta eat) and they cut that this month from $191.00 per month to $16.00. No, that's not a typo, which I had hoped it was. They actually think we can live on four bucks a week. Gonna be some serious budget restructuring but it's not like we can shave it much more without it bleeding to death.
In a country with the resources and wealth of America, a country that houses more billionaires and multi millionaires than any other, there is something fundamentally wrong when the majority of its citizens are living so far below the poverty line. It is patently obscene that ordinary folk are being forced to live off food stamps while fat cats live in such great luxury that it means nothing to them to simply throw away a $18,000 case of caviar that was off. Yes, I actually saw that on some lifestyles of the rich and famous show just recently. In the same show I saw bank owned/foreclosed homes being bulldozed to make way for a holiday resort and shopping malls. That too is obscene when so many in the US are homeless and sleeping in their cars or on the streets.
Frankly, there is NO excuse for the numbers of homeless people in the US. It is truly a sad indictment on a society that professes to care. Yup, care about the oppressed in oil rich countries, but not its own. Sadly, we are going down the same road here in Oz, as more and more people are being discarded by the agendas of the wealthy and this useless 'abnormally high debt creating' government.
Like I said before, the slide to the bottom has begun