(no title)
AKSucks | 4 years ago
Those megacorps do everything they can to pay as little taxes as possible and get as much money out of the country as they can in the form of off-shore corporations that hold the trademarks for said corp, the US subsidiary of which pays it massive 'licensing' fees.
They're also the worst at keeping money within a local economy. They use other large corporations as much as possible for 'efficiency', but it has the side effect of meaning that said business doesn't spend money for services anywhere in the local economy. Joe Drain Buster doesn't get business from Five Guys having a grease clog; some nation-wide plumbing services company does. Maybe they contract out Joe Drain Buster, but not before taking their cut.
It gets worse. The larger the employer the easier it is for that employer to grift the local, county, state, and federal government for freebies, tax breaks, eminent domain gimmes, friendly legislation and regulations, etc.
Witness: Amazon and Walmart. Companies that generated a handful of people with unimaginable wealth who fight tooth and nail to treat their employees like shit.
Jeff Bezos has a net worth of $200BN as of a month ago. The average network for a resident of Mississippi is slightly over $17,000. That means it would take roughly 11.5M Mississippi residents to equal his net worth.
Mississippi has 3M residents.
No comments yet.