Showing posts from December, 2017

Corporate Robbery

For some time I have been concerned about the consolidation of industries and in what may result. An obvious one is competition will decrease with prices rising as perhaps quality deteriorates. This decrease in quality can be partially offset by competition coming from overseas. The recent reduction in corporate tax rates brings to light a bigger, riskier problem for the country. BLACKMAIL BY CORPORATIONS. As Industries consolidate we become more dependent on fewer entities for job creation and growth.  With more dependence, comes more power to these entities. Power to control wages, taxes even our politicians. With control over politicians they control our laws. They could become so powerful they could end up controlling their own tax rates. Some say government will, before this happens, step in to assure corporate tax rates remain high enough so the average citizen will retain their high standard of living. I am not convinced. The world has changed. All nations h