Elected officials have deemed the monster banks on Wall Street "too big to fail and/or jail" and now it seems that wealthy trans-national corporations are officially "too big to tax." Boeing is not a struggling start-up company. It has annual revenues over $80 billion and yet it expects and receives huge tax breaks just to remain where they've been doing business successfully for 100 years.
Politicians are falling all over themselves hoping that Boeing will be gracious enough to accept a $9 billion tax break to maybe stay in Washington. Why is there is no mention of ending this type of blatant extortion? Obviously, the solution needs to come from the federal level. It's been suggested that a 100 percent excise tax on all corporate incentives would do the job overnight.
Sadly, most politicians at all levels are on the corporate payroll via campaign contributions so that any solution to what I believe to be this extortion racket must await serious reform in the way campaigns are funded.
Publicly funded elections are one way to keep politicians from being full-time employees of the rich special interests that currently bankroll their election campaigns. I dream of the day when our elected officials actually worry about the public the same way they currently agonize about pleasing wealthy private interests.