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| Friday, February 18, 2005 | (No comments posted.)
There is one glaring omission in all the Social Security debate I've heard. It's called corporate welfare, costing us a staggering $100 billion per year.
Consider the following:
* Corporate profits are at an all-time high, and at a 50-year high as a percent of the U.S. economy (stronger than either the 1990s or 1980s booms).
* Corporations benefit every bit as much as we do from defense and homeland security spending, for example, and should not pay less than their fair share.
* Wages are barely keeping up with inflation, while worker productivity is well above average.
* Small businesses create the majority of jobs here.
* The conservatives who have been in charge of writing our tax laws for the last 10 years claim to be for smaller government, self-reliance, getting government out of the free markets, and fairness to the American people.
So, if Congress took away that welfare and put the money into the Social Security trust fund, in only 10 years there would be an extra $1 trillion into the fund. Why is this not even being considered?
Phil Krause, Highland
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