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So does she mean that nobody who built a factory nor the people they employed never paid taxes? This woman does get it that trucking companies also have to pay taxes to haul their good. The registration we pay every year that allows us to legally drive pays for the roads. I'm sure that factory owner pays property taxes that pays for local police. The is no such thing as a "social contract". That quote is rambling uninformed garbage.
I hope she wants to be PRESIDENT OF THE UNITED STATES in 2016!!!
I think what Elizabeth Warren means by "social contract" and "paying it forward" for corporations is that without the hard work of the American people and the manufacturing base that was once vibrant with the blood & sweat of the American factory worker; the core backbone (the middle class) of this country, the rich don't get rich or richer, factories don't exist or prosper in the black financially and instead of looking out for the very hands that toiled 8 hours a day, 7 days a week, three shifts a day (plus overtime) fed them continiously with their "hands on" labor and made them fat and rich, greedy corporations and banking institutions don't care...... are purposely hoarding trillions of dollars based soley on politics and waiting for a sitting Republican President to do their corporate bidding so they can continue the practice of "Reaganomics", de-regulation, loose/eliminate rules, building more factories overseas in return for cheap labor; to maintain the Bush tax cuts, continue to avoid paying their fair share of taxes here in the U.S. but instead financially enable foreign nations who will also share large costs of that American factory doing business in their country.
Corporations should "pay it forward" for the people who got them and kept them there, release those hoarded trillions and start the rebuilding of the factory manufacturing base here in this country.
Republicans and the rich always talk about making sure that their children, grandchildren and beyond are taken care of financially. Because of the middle class American worker, they have that opportunity many many times over to do so.
Why can't the American worker have that same reality at a lesser rate financially but none the less that same reality?
And don't use the "times have changed" breakthroughs/advancements in technology as an excuse not to rebuild America's manufacturing base since those same corporations have no problem building manufacturing plants in foreign countries all over the world with "corporate trained" foreign factory employees who have an equal high school, GED (or not) education the same as the American worker.
The same goods and services that used to be made or performed here in America, now made or performed in American owned/American managed factories overseas with foreign workers that boxed and shipped into this country as "imports" by the mega tons can be made once again right here in the U.S. instead of having a "made in China/Taiwan/Korea/Japan/Asia" etc fiber tag attached to it.
IMO, that's the "social contract", "paying it forward" she's referring to and for corporations, there is no real excuse, no real excuse at all, political or social except for just being plain greedy.
IMO, that's the "social contract", "paying it forward" she's referring to and for corporations, there is no real excuse, no real excuse at all, political or social except for just being plain greedy Capitalist.
Fixed that last line....
If you take a step back and look at all of the conversions politically, you'll notice how the language is focused on appeasing the corporations, markets and high net worth individuals. Elizabeth Warren is one of the few exceptions. There's a video of her i posted several years ago where she walked through the data that gave the lie to the idea that "poor people buying homes they couldn't afford" are the cause of this economic downturn. Her presentation is also supported and echoed by my favorite economist Rick Wolff.
Well, Cholly, ER, Muhammad, I'm glad that somebody gets it. Every word in the quote is true; there would be no rich people in America if American tax payers had not first paved a way for it to happen. What right wing extremists and their knee-groes soon forget is that the "Social Contract" is a two-way street, (in fact any contract is reciprocal), people like that want the 99% fulfill their obligations in the Social Contract and just forget about Social Contract Obligations of the 1%.