Is it time to disband the Republican Party?

What’s happened to the Republican Party?

Back on March 20, 1854, a group of abolitionists met in a small schoolhouse in Ripon, Wisconsin, to fight back against the expansion of slavery. A couple months later in July of 1854, the Ripon group joined with thousands of other anti-slavery activists in Jackson, Michigan, and together they formed what would be called the Republican Party.

The Republican Party was formed on strong anti-slavery sentiments, and, at least for its early history, did some good for our country and for the American people. In fact, the early Republican Party was pretty progressive. After all, it was the Republican Party that invented the income tax during the Civil War.

And by the end of the Civil War, the Republican Party had created a national banking system, established new taxation laws, and provided funding for schools and homes across America. Decades later, the party was still showing its progressive roots.

When he was president at the dawn of the 20th century, Republican Theodore Roosevelt railed against the wealthy elite, despising the, “small class of enormously wealthy and economically powerful men, whose chief object is to hold and increase their power.”

And it was the Republican Roosevelt who argued that America must have, “an economic system under which each man shall be guaranteed the opportunity to show the best that there is in him.”

Nearly 50 years after Teddy Roosevelt left The White House, Republican Dwight Eisenhower entered it. Eisenhower, like many of his Republican predecessors, had some progressivism in him.

Eisenhower supported increased government funding for schools and education, and even thought it was important for the government to fund roads, hospitals and other parts of America’s infrastructure.

Imagine that!

Unfortunately, the days of Eisenhower’s, Roosevelt’s, and Lincoln’s in the Republican Party are long gone, and so too are that party’s progressive beginnings. What started out as a good idea in Ripon, Wisconsin and Jackson, Michigan has turned into a nightmare for America and for We The People.

Today’s Republican Party, the modern-day Republican Party, hasn’t done a single positive thing for We The People in nearly a hundred years. Instead, that party consistently does things that hurt our economy, hurt our society, and hurt our country.

Today’s Republican Party has sold out to the wealthy elite, and only cares about helping the rich get richer. They take millions of dollars in donations from lobbyists and mega-donors, all the while corrupting our democracy and electoral process.

Republicans today are in bed with the likes of Big Oil, ensuring that Big Oil can get even bigger, while our planet slowly gets destroyed. Republicans today support policies that have destroyed a once flourishing working-class. Like Scott Walker in Wisconsin, they want to rid America of the labor unions that helped to build this country and make it great.

Today’s Republicans go out of their way to sabotage a sitting President, and deliberately try to sabotage foreign policy and diplomatic efforts.

Today’s Republicans don’t care if millions of Americans can’t get access to lifesaving and affordable healthcare, and they don’t care if millions of Americans are struggling to put food on the table each and every night.

Today’s Republicans don’t care if our bridges are crumbling, our roads buckling, or our electrical grids failing. They don’t care if more Americans are in debt than ever before or if college education in our country is becoming a luxury that only the wealthy-elite can afford.

While the Republican Party may have started out with some progressivism in its blood, today all that party cares about is money, big business, and serving the needs of the wealthy elite.

Today’s Republican Party is completely corrupt. It’s that simple. And in America, when something is filled with corruption, we get rid of it. We shut it down.

So, maybe it’s time to shut down the Republican Party, and replace it with something that might actually do some good for the American people. Time to bring back the Whig Party?


PhilipHenderson's picture
PhilipHenderson 7 years 46 weeks ago

The Republican Party is killing itself from the inside. That is what corruption does to an institution, it rots from the inside. The Party does not attract the best educated most socially responsible people anymore. The Party does not attempt to show that it cares about the American public. This so-called Tea Party wing behaves as though they are domestic terrorists. They fight establishment members of their own Party just as hard as they fight Democrats.

In California, the Republican Party has diminished to insignificance. Fewer than 30 percent of registered voters consider themselves Republicans. I live in Irvine, in the heart of Orange County. In the city of Irvine, approximately 32 percent are Democrats, 34 percent Republicans and another 30 percent decline to state. Many of the Decline to State use to be Repubicans but they can no longer stomach the policies and politics of the leaders of the Party so they opted out. The end of the Republican Party as a potent force in American politics is near.

SHFabian's picture
SHFabian 7 years 46 weeks ago

Is it time to disband the Democratic Party? Since the Clinton admin., Democrats have enacted more of the right wing agenda than Republicans could have ever dreamed possible. Regarding history: The policies and programs that were implemented from FDR to Reagan took the US to its height of success. Note that what came to becalled AFDC was actually first included in FDR's Social Security Act -- the New Deal. LBJ expanded on this agenda to reflect the social and economic realities of post-WWll America. Our former welfare programs played a vital role in creating the massive middle class we used to have. From Reagan onward, we reversed course. Clinton ended AFDC, and took the first steps to begin similarly "reforming" Social Security, targeting the disabled. Bottom line: It's impossible to save, much less rebuild, the middle class without shoring up the poor, putting the rungs back on the ladder out of poverty. We won't do that. So, we have to accept the inevitable.

TarryFaster 7 years 46 weeks ago

Since it is obvious that the "Republican Party" has changed, perhaps we should start by changing how we refer to them. I like this quite appropriate and more descriptive British definition:

corporatism |ˈkɔːpərətɪzəm| noun [ mass noun ] the control of a state or organization by large interest groups. Fascism was the high point of corporatism.

PowerToThePeople 7 years 46 weeks ago

First of all I'll ask Thom, How do you go about "disbanding" the Republican Party?

"The Republican Party is killing itself from the inside." - Philip Henderson

They control both houses of Congress and could very well win the presidency. If this is "killing itself", then what would a thriving Republican Party look like?

Folks, complaining online isn't going to save America. It's going to take ACTION, and I don't mean just voting. The problem is, no one seems to know what actions to take.

Kend's picture
Kend 7 years 46 weeks ago

Eisenhower, Roosevelt, or Lincoln would never agree to how the government wastes money today. Back then you sure didn't have five kids from five different fathers and expect the government to support your unreasonable behaviour. Schools had teachers who taught students, not school board buildings full of people doing god knows what. The Republiccans you talk about then wanted to collect taxes to build roads, bridges, and provide fire and EMS services. America is going into debt a trillion dollars a year and no schools, roads or bridges are built. The Republicans today are trying to bring America back to the old days when government spent what they brought in in taxes. Those great men you talk about would never borrow from their grandchildren to make their life better today.

George Reiter's picture
George Reiter 7 years 46 weeks ago

The Republican Party of today can be described as basically three factions: the rich, the cruel, and the ignorant, and they are not mutually exclusive.

PowerToThePeople 7 years 46 weeks ago

Lindsey Graham doesn't think were spending ENOUGH money on the military! In fact he said yestreday:

"[H]ere is the first thing I would do if I were President of the United States: I wouldn't let Congress leave town until we fix this. I would literally use the military to keep them in if I had to. We're not leaving town until we restore these defense cuts. We're not leaving town until we restore the intel cuts."

So he's wants to spend money so badly, he'd literally force Congress at gunpoint to acheive that.

Sunshine Susie's picture
Sunshine Susie 7 years 46 weeks ago

I agree with the comments posted here - that both parties are corrupt. The problem with the Republicans is they get elected by the brainwashed population. I've asked those who vote Republican why they do it and it's almost always the same answer. It has to do with their filthy hatred of people of color. This includes First Nation people. The Repubs will keep being voted into office, destroying the environment, wages, etc. by those bigots akin to old Archie Bunker. At the same time the Repubs are wiping out their jobs, income, and country. It's pathetic.

There's also those spoon-fed by lamestream news. When we lost our free press, we lost a major part of our ability to educate them that just can't seem to pull their heads outta their rearends. Without viable, honest, hard-hitting news, people will believe what they are told to believe.

And the Dems. I agree with the previous comments. Clinton crushed GlassSteagall and pushed NAFTA thru. Momma Clinton isn't going to be any better. I, for one, truly do not want to see another Clinton or Bush in any political office.

My guess is that once the next crash comes (as Thom says, in 2016), then you'll find the citizenry of this pathetic, lost nation will pour into the streets. The banksters will have no more bail outs, the politicans will have no more power, and the police will have a reason to use their military toys. People have truly had enough...they just don't know it yet.

ChicagoMatt 7 years 46 weeks ago
The Republican Party of today can be described as basically three factions: the rich, the cruel, and the ignorant, and they are not mutually exclusive.

I'd add a fourth category, although I don't know how to sum it up in a single word: The "tired of giving and not seeing results."

I've sometimes heard of this phenomenon as "compassion fatigue". You can only care about so many problems for so long, and try your best to help, and without seeing results, you just quit caring.

Also the "tired of feeling guilty" crowd.

Also the "leave us the hell alone" wing of the party, prevalent in the rural areas of the country. Aka the "I don't care how you do things in Washington/New York/Chicago/any other big city."

The Republicans have a pretty big tent of their own. :)

ChicagoMatt 7 years 46 weeks ago
The problem is, no one seems to know what actions to take.

Step One - Find a good weed dealer. Or, just make it legal.

Step Two - Smoke enough weed to make you happy and forget about the problems of the world. (Or, what you think are the problems of the world.)

Step Three - Offer your Republican friends some weed. Who knows - maybe they'll relax a little too?

Honestly, I only smoked weed twice, in my early 20s, and I didn't really enjoy it. Maybe I should revisit it? To see if a decade later I find it more appealing?

Step Four - Try not to stress over things beyond your control. Rainforests are being cut down right now, as you read this. Can you possibly stop it? No. Why stress over it? What's something you CAN control? Buying more local produce, to help the environment. Cool. Do that. That's what I do.

Of course, in Chicago, "local produce" is limited to corn, soybeans, and for some reason basil. There's a basil farm (all greenhouses) not ten miles from here. I just found that out last week.

2950-10K's picture
2950-10K 7 years 46 weeks ago

Big money has placed big idiots in power, which in turn does big harm to everyone except those with big money. The Teapublican Party stands by the big money "Golden Rule," those with the most gold make the rule.

It seems the shift by Republicans to the extreme fascist right has occurred simultaneously with massive tax breaks for the rich and the resulting redistribution/concentration of wealth.

Tax the super rich at pre- Reagan rates , and the Tea Party will implode, leaving the Republican Party with a big Boehner hangover.

Kend's picture
Kend 7 years 46 weeks ago

So that's what I have. Compassion fatigue. Thanks Matt. Is there a cure besides weed. Don't touch the stuff.

America has the highest corporate tax in the world and the top 10% pay over 70% of the taxes. What would make you happy 10k. Is there a magic number?

PowerToThePeople 7 years 46 weeks ago

America does NOT have the highest corporate tax rate in the world - America has the highest NOMINAL corporate tax rate, which no corporations pay. America is about average when you compare EFFECTIVE corporate tax rates.

People who make the claim you did are either unaware of what I just said or are purposely spewing BS.

PowerToThePeople 7 years 46 weeks ago

"Tax the super rich at pre- Reagan rates , and the Tea Party will implode, leaving the Republican Party with a big Boehner hangover."

How would we ever get Congress to do that?

ChicagoMatt 7 years 46 weeks ago

Google "Compassion Fatigue", and you'll get hundreds of websites about it. It's mostly seen in ER nurses, doctors, ambulance drivers, and caregivers for the terminally ill or disabled. I saw it firsthand when I worked in special ed: parents who were oblivious to the distresses of their autistic children.

I worked with one kid - he was about 13 years old at the time - with severe autism. He would bang his head against things until someone stopped him, or he ran out of energy, which could take up to 30 minutes.. His parents had given up on trying to stop him. They just let him do it, even though he was hurting himself. But after 13 years of giving him their all, and not seeing any positive results, they just gave up. They confided in me that they were already on a waiting list to get him in to a group home, and they couldn't wait for that day, so they could get on with their lives. It sounds heartless - giving up on your own child - but I think it's at least understandable. It's a classic case of compassion fatigue.

It happens in places with large homeless populations as well. The homeless people know that if they panhandle in one spot for too long, their donations will eventually go down. The people who come by that spot every day will stop giving. So the homeless move their panhandling spots from time to time.

And with charities too. Like annual money drives for cures for diseases. Eventually, people who give year after year start to ask themselves if their donations are doing any good, because they should have fixed this problem by now.

Anyway, I see a similar phenomenon on a larger scale with the Republican party. How many years can you give money to a cause that doesn't ever seem to improve?

I honestly think that most Republicans would be more liberal with taxes if they felt like those taxes were doing any good. And it doesn't help when certain government policies go against your personal belief system.

One of the problems is that Republicans expect many issues to eventually be solved, and they are never really going to be solved. Problems like poverty, environmentalism, terrorism, etc...

The thought changes from, "We should spread goodwill to the parts of the world that hate us, because we want everyone to like us," to "Fuck it - they're always going to hate us, might as well do what we want anyway."

PowerToThePeople 7 years 46 weeks ago

"America has the highest corporate tax in the world and the top 10% pay over 70% of the taxes. "

That's just simply not true. In fact it's WAY off.

Actually corporations pay less than 10% of US corporate taxes, while individual taxpayers pay about 47%.

In 1960 individuals paid the same percentage of US corporate taxes they do today, but corportions paid about 23%.

See the chart about a third of the way down at

Kend's picture
Kend 7 years 46 weeks ago

P to the people. So why are they leaving America faster than your union workers to China. To countries like Canada with low corporate taxes.

mathboy's picture
mathboy 7 years 46 weeks ago

"... together they formed what would be called the Republican Party." That kind of statement always bothers me. Forming a political party is not really an action. It's not like saying "and then they cooked dinner." We all know what's involved in cooking well enough, and once a dinner is cooked you have something to point to. But what did those people actually do that formed the Republican Party? What did they really have when they left that schoolhouse?

mathboy's picture
mathboy 7 years 46 weeks ago

I'm sorry, I just have to edit a paragraph: "Unfortunately, the days of Eisenhowers [no apostrophe, as this is a plural], Roosevelts [no apostrophe], and Lincolns [no apostrophe] in the Republican Party are long gone, and [yay, there's no comma after a conjunction for once] so too are that party's progressive beginnings. What started out as a good idea in Ripon, Wisconsin, [parentheticals like a city's state need to be surrounded by commas] and Jackson, Michigan, [comma again] has turned into a nightmare for America and for We The People [technically that should be "us the people", but I get Thom's angle there]."

Phew. The grammar EMT in me got a little pent up and had to be released.

mathboy's picture
mathboy 7 years 46 weeks ago

ChicagoMatt, the Republicans I know are the ones that smoke weed. (And one of them grows basil in his kitchen.) What do I do now?

Mark J. Saulys's picture
Mark J. Saulys 7 years 46 weeks ago

Kend, c'mon. It's Republicans trying to bankrupt the government, and WILLFULLY, no less. It's Democrats trying to bring reason and sanity to the budget. Clinton even had a surplus.
I still wonder, are you really not paying attention or are you just pretending not to.

Mark J. Saulys's picture
Mark J. Saulys 7 years 46 weeks ago

ChicagoMatt, you give Republicans and many others who don't care much too much credit. To have "compassion fatigue" you have to have had compassion in the first place. Republicans are only trying to steal from the poor and common people and this "compassion fatigue" business is largely a PR canard created to justify that theft.
What conservatives often call "throwing money at the problem" is usually much more than that and does, in fact, work. Johnson's War on Poverty, for example, contrary to Republican, big business PR, brought great results. Bigots didn't like it - or the results - but it worked.

Mark J. Saulys's picture
Mark J. Saulys 7 years 46 weeks ago

Republicans are always trying to harm the country for their own political purposes. It's fine to be an opposition but you have to be a "loyal opposition" and Republicans are anything but. Trying to destroy the economy hoping they can blame it on the President and the Democrats -and if any doubts were held still all were dispelled when they sent the letter to Iran - is of the methodology of those who are not any more loyal to the United States but to transnational corporations and billionaires.

kingofkups's picture
kingofkups 7 years 46 weeks ago

Hey Thom, if you revisit this thread before your next radio show I really think there is a bigger agenda at play. Many times you have resounded the statements that the Caucus Room Conspiracy is alive and well. Outside of the Republicans applying poison pills as Senator Boxer pointed out so eloquently today; The DHS funding was turnkey in regards to refunding the Presidents executive order, the Keystone as a rider in the next transportation bill, and abortion riders to increase protections of human trafficking victims.... Republicans have become the party of hostage takers. When you take into account the #47traitors, and BB's visit how can these topics not further be seen as examples of the Conspiracy still being alive and well.

Thom as you've explained in the past the highlights of the Alien and Sedition act, and now with the conversations surrounding the Logan act and other ethical measures to promote codes of conduct... How are these people still getting away with it?

In the last few days, not only have I had a chance to watch the series as published on but to turn around and see ALEC model legislation such as the Internet Freedom Act as put out by Marsha Blackburn pushing for the prohibition of the FCC to do its job or municipalities being denied of their rights to build out digital infrastructure... What in the world are these people thinking? If Marsha Blackburn thinks that title 2 regulations on network infrastructure will lead to a Bell style monopoly I think these people are in the dark. Not that the Sherman Antitrust act is being enforced as it is but wouldn't bringing these service providers under some kind of regulation a step closer to blowing the top off the system and break up the likes of Comcast or Verizon? When you consider the quadruple play; Internet, phone, cable and home security suites.... How can that not be some kind of standing?

This whole mess is astonishing and surreal to say the least.

2950-10K's picture
2950-10K 7 years 46 weeks ago

reply to #14......get your ass out and vote...that's how!

2950-10K's picture
2950-10K 7 years 46 weeks ago

reply to Kend....Effective Corp tax rates are zero for many of the largest .......and millionaires like Romney pay 10% and less. Wealth is hiddden off shore. The point is ...wealth should not be allowed to grow to a point where individuals have more power than our govenrment. ....after a few million the tax rate needs to be skyrocket.

RLTOWNSLEY's picture
RLTOWNSLEY 7 years 46 weeks ago

There's always good and bad segments in any organization and in the case of today's Republican Party there still exist a group of moderate Republicans that subscribe to a Progressive philosophy. This is the group who holds a lot in common with the Progressive Democrats and both groups in their respective parties have been in the minority for over two decades. We need a multiparty system to prevent government from being consumed by a single philosophy, though the flood of private money that is allowed to determine our elections has had a profoundly negative effect on both political parties who now sell their loyalty to the highest private bidder. This environment has been fostered by a majority Right Supreme Court who has given the wealthy the ability to fully control our elections through their unlimited funding thus driving candidates from both parties to support those policies that primarily benefit the nation's private Oligarchs', large corporations, and multinational investment banks. A segment of the founding fathers railed against the creation of an all powerful Supreme Court during the Constitutional Convention, unlike the other branches of government that were held in check by a set of rules that established a level playing field between the Congressional and Administrative branches, the Supreme Court would be allowed to operate in a vacuum as they had irrevocable power to alter existing legislation and laws passed by the Congress and approved by the President. To get past this hurdle the pro Supreme Court group offered a compromise that would allow a Supreme Court decision to be countermanded by a Constitutional Amendment, a burdensome and difficult task under the best of conditions that requires two thirds majority consent of Congress !

PowerToThePeople 7 years 46 weeks ago

"P to the people. So why are they leaving America faster than your union workers to China. To countries like Canada with low corporate taxes."

In China, corporations pay their workers about one tenth of what American workers are paid. There's no way we can compete with that.

But this, too, is changing. Right here in America, corporations are taking advantage of prison worker programs where prisoners make between $1.20 and $4.50 PER DAY. Literally millions of American prisoners are now working essentially as slaves for corporate America. And most of them are Black.

Happy now?

RLTOWNSLEY's picture
RLTOWNSLEY 7 years 46 weeks ago

@kingofkups's, I agree with everything you say with one exception concerning a Bell System Monopoly. Previous to 1984 the various Bell System Divisions around the country were the property of AT&T who had total control over long distance and local phone service. When the government established a national local and long distance rate system for telephone service in 1948, their prime motivator was inexpensive home phone service for all Americans. This forced AT&T to redo it's economic structure siphoning profits from the very profitable Long Lines Long Distance group to finance the operation of the various Bell entities that were forced to provided local service at a loss. AT&T finally wiggled out of this position in the late 1970s when they promoted a breakup of the existing system that resulted in monthly local phone service rates to skyrocket from $10 to $15 a month to $40 to $45 a month with mandatory Long Distance service from a selected long distance provider tacked on as an extra expense, additional increases were to follow. This resulted in AT&T, and other private spin offs created by deregulation, being allowed to market an array of expensive digital services and force average consumers of basic telephone services to pay for the upgrade to the digital infrastructure required to sell these services ! For industry insiders like myself who had worked in the business for forty years, we were amazed by AT&T's ability to seemingly vanish from the picture and then eventually reemerge larger than ever like the mythical Phoenix. There were several books written about this subject that warned of the negative implications but average citizens were no match for AT&T's vast political and financial power !

Aliceinwonderland's picture
Aliceinwonderland 7 years 46 weeks ago

Reply to #19: Mathboy, please spare us the English lessons here. This is not an English class, this is a forum. Some peoples’ grasp of punctuation & grammer will inevitably be better or worse than others; that’s inevitable. Nothing you post here will change that one iota. Are you motivated by a sincere desire to educate us, or are you just showing off?

mathboy's picture
mathboy 7 years 46 weeks ago

Alice, I'm motivated by wanting things to be easier to read and worth sharing on Facebook. I hate to pass too many bad examples on to be absorbed by others, and everything we write or say stands as an example to whoever reads it or hears it. A radio show host or a columnist is an example to far more people than any one commenter on a website. Why should my desire to improve things begin and end with government?

2950-10K's picture
2950-10K 7 years 46 weeks ago

Reply to #14 "Power to the People" I only had seconds to do my replys this AM, was late for work. Anyway, I want to be clear with you. I'm wasn't implying that you don't vote, but the fact remains that 70% of the voting population does not vote for whatever reason. The one that gauls me the most is the one pushed by the Fascists ......"don't bother to vote because they're all the same." Of course they don't want us to vote, the Fascists hate good government because good government regulates greed with taxation and other interventions.

They're plenty of good candidates running for office, and if citizens like yourself show up to change will occur.

Aliceinwonderland's picture
Aliceinwonderland 7 years 46 weeks ago

Reply to #32: Mathboy, as to the suggestion your desire to improve things should "begin and end with government", I've said nothing of the sort.

You can lecture us all on proper grammer & punctuation nonstop and it won't change a thing, no matter how honorable your intentions. This is for a number of reasons. To list a few: (1) Many people don't know how to use punctuation properly, and lack the motivation and/or the wherewithall to learn; (2) Not everyone is inclined to notice these things like you or I (and believe me, I notice such errors as much as you do!). And (3) some folks just don't give a flippin' damn.

Far as Thom Hartmann is concerned, that's a published author you were admonishing! I'd bet serious bucks that Thom's writing skills are as good as anyone's here on this website. I think his errors, such as the improper use of apostrophes you’ve cited, are not from ignorance so much as the sort of sloppiness one could reasonably expect of someone who is rushed. In light of how busy a life & career this man has, I think it could be reasonably assumed that he does a lot of things in a hurry. Like the old adage, "haste makes waste"… Not that Thom’s efforts are wasted! But the end result might be a little less perfect than something written methodically, without time constraints.

Of course I can’t make you desist from writing such comments, Mathboy. You’ll continue doing whatever your heart desires. I just happen to think your efforts are futile. If you prove me wrong, good on ya. But in the meantime… well, you get my drift.

Anyway I've said my peace. So... happy Friday! - AIW

Aliceinwonderland's picture
Aliceinwonderland 7 years 46 weeks ago

Here's a nice dose of reality for Kend. I've held onto this information for the past few years, just to spring on you ignoramuses who claim American corporations have paid the highest taxes in the world. Ready for this?

1. Bank of America in 2010 set up over 200 "subsidiaries" in the Cayman Islands. Remember, the Cayman Islands don't tax corporations. And Bank of America pays no corporate taxes in America because it isn't really the Bank of America, it's the bank of the Cayman Islands, although it does most of its business in America and makes most of its profit in America. During the financial crisis that Bank of America helped create, Bank of America got over $1.3 trillion in total financial assistance -- "corporate welfare"-- FROM BIG GOVERNMENT.

2. JP Morgan Chase in 2010 operated 83 "subsidiaries" in offshore tax havens to avoid paying $4.9 billion in taxes in America. And during the financial crisis, which JP Morgan Chase also helped create, it received over $400 billion in financial assistance FROM BIG GOVERNMENT.

3. Goldman Sachs, in 2010, operated 39 "subsidiaries" in offshore tax havens to avoid about $3.3 billion in American taxes. During the financial crisis that Goldman Sachs helped create, it got more than $800 billion in financial assistance FROM BIG GOVERNMENT.

4. Citigroup has paid no federal income taxes for years, after receiving $2.5 trillion FROM BIG GOVERNMENT.

5. General Electric has made $81 billion in profits, without paying ANY income tax on it, while receiving a tax "rebate" of $3 billion FROM BIG GOVERNMENT. GE has at least 14 offshore "subsidiaries" in Bermuda. And just for the record, you want to know what those "subsidiaries" look like? Well, in one building, approximately 2,000 square feet, there are over 200 huge corporate "offices". (Well, ok, actually the "offices" are just mail slots, but hey, doesn't it give you any ideas?) What the heck; if ya wanna avoid paying taxes, just put your money offshore and it instantly disappears off the IRS's radar. But of course, that only works if you're a super-rich corporation that can afford to purchase congressional candidates more to your liking. And for good measure, GE has also stockpiled over $100 billion in cash offshore. It would be so mean and unfair to expect GE to pay their share of taxes, because during the financial crisis they only got a $16 billion bailout. Boo-hoo. Obviously, they needed a bailout ever so much more than the people they defrauded of so much of that money.

6. Verizon has made over close to fifty billion in profits in the last few years. But Verizon paid NO income tax on that money, and IT GOT A $535 MILLION TAX REBATE. Sound fair to you? But hey, they're the "job creators", so they should be allowed to do anything they damn well please. Right? But if those employees want a fair living wage, let them pull themselves up by the bootstraps and start gaming the system like Verizon does! Of course Verizon "had" to cut 13,000 jobs in 2010- the third-highest corporate layoff of the year, because they only made $48 billion. But it was all for a noble cause. The top executives of Verizon got to keep more of that money when they laid off thousands of employees. Meanwhile the remaining employees got to work like dogs while being treated like shit. After all, any Verizon employee who doesn't like it can always get a job somewhere else; there's jobs all over the place! Right?

7. Honeywell International: from 2008 to 2010, Honeywell paid no income tax, instead getting a tax refund of $34 million. Why should big government quit regulating Honeywell? As of 2010, they hoarded $8.1 billion in offshore tax havens. Slim pickins.

8. In 2009, Merck paid no income tax, but got a tax refund of $55 million. Here's another example of big government standing in the way of the job creators trying to do business... Right Kend? How dare the government regulate Merck by giving them a $55 million tax refund when Merck didn't even pay any income tax? As of 2010 Merck had $44.3 billion in offshore tax havens.

9. Corning, from 2008 to 2010, paid no income tax but got a $4 million tax refund. It made about $2 billion in profits in America during those two years. Corning has $10.8 billion in offshore tax havens. Oh dear, it's SO hard for corporations to do business in America, with big government regulating them so heavily. Why don't we send Corning a few dollars to help tide them over until big government stops regulating them so strictly?

10. Boeing made over $21 billion in profits over a five-year period, while paying no income tax, receiving a $23 million tax refund. (Boeing, I feel your pain.)

(Psssst! Could anyone explain to me the logic of giving a refund for something that never got paid in the first place? And wouldn't you "ordinary" folks out there in Blog Land just LOVE receiving checks from the IRS, after paying ZERO in taxes!! Doesn't get any sweeter than that.)

11. Microsoft had stashed over $60 billion in offshore tax havens, freeing them from the obligation to pay $19.4 billion in income taxes. Woo-hoo!

12. Qualcomm kept $16.4 billion stashed in offshore tax havens, allowing it to dodge $5.8 billion in income taxes. See how the Free Market works, my friends! The Free Market is here to serve the corporations, obviously, because none of those handy tricks work for us "little people". After all, if you hid your money offshore, the IRS would be all over you like brown on shit. Unless, of course, you made huge "campaign donations" to Congress... just like Qualcomm does.

13. Caterpillar would have owed $4.55 billion in income taxes, had it not stashed $13 billion in offshore tax havens.

14. Cisco Systems has $41.3 billion in offshore tax havens, freeing it of the obligation to pay $14.45 billion in taxes. Ain't it special how corporations can cheat, in ways you and I could never get away with in our wildest dreams?!!!

15. Dow Chemical, who manufactures toxic potions that have poisoned countless people to death and sickened many more, had (as of that time period) stashed $10 billion in American profits offshore.

I hate to break it to ya, Kend, but these are the real welfare queens. These are the deadbeats, the parasites feeding off of us, our labor, our economy and our country, with the blessings of the Republicans and (to a lesser but significant degree) the Democrats as well.

Meanwhile, to all my fellow yankies out there, I've this to say: Have fun paying YOUR taxes, suckers!

chuckle8's picture
chuckle8 7 years 46 weeks ago

AIW -- Thanks for the list.

chuckle8's picture
chuckle8 7 years 46 weeks ago

Chi Matt -- As Mark S pointed out when "we the people" spend essentially nothing on compassion how can we expect to see any results. Furthermore, what kind of return would you expect from so little expenditures.

To reveal the size of our "wonderful" compassion there are a few numbers of which you should be aware. From 2008 to 2010, the personal wealth of the US grew by $34 trillion.

We spend about $0.08 trillion per year on our compassion. How can anyone expect much from so little invested.

ChicagoMatt 7 years 45 weeks ago

80 Billion is a little?

But first I need to know how they figure those numbers. Is that just Federal welfare spending? Are they including state spending too? What about non-governmental charities?

chuckle8's picture
chuckle8 7 years 45 weeks ago

chi matt -- I think Thom said the 0.08 trillion was all governmental spending. All non-govermental spending was 0.005 trillion. Yes, $80 billion is just a little when compared to our wealth. Do you know that Jamie Dimon was personally lobbying congress to allow him to take risky bets on our FDIC funds. His lobbying was successful. The result is that wall st firms should make an additional $2000 billion on just the action.

ChicagoMatt 7 years 45 weeks ago

That $80 Billion figure can't be right, unless you're using a very narrow definition of "compassion". Spending on school lunch programs alone spend about $9 Billion per year. Social Security payout the exceed what the person paid in, Medicaid, money for refugees, FEMA, etc...

I suspect Thom is being very selective with what is include and what isn't.

chuckle8's picture
chuckle8 7 years 45 weeks ago

Chi Matt -- It would be interesting to know the details of the $0.08 trillion. Thom usually has links to all his sources. I will try to search down the links if I can muster enough energy.

Where do you come up with the statement that Soc Sec exceeds what is paid in? Since the company matches what an employee pays in, I would assume that some of the payout comes from the company's matching funds. Is that what you mean? Thom, Bernie, Al Gore and everyone on the right (I am guessing) says that the soc sec trust fund is running out of money. They left says that is the plan because ronnie boy doubled what was paid in to account for the baby boomers. Now that the baby boomers are retiring it should be going down. The only problem with that is that I heard the trust fund is increasing even though Obama slowed the input to stimulate the economy. Do you have any idea how we can find out the truth?

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