Corporations are income redistribution conduits of the 1 percent. They are known as “organized money,” and are intended to suck the rest of us dry. They’re very efficient at this task. That’s why corporate profits are at an all time high. In each industry, they simply jack up their prices, usually nearly simultaneously, certainly within days of each other. There are plenty of examples of this, such as the latest artificial crisis created by Big Oil that resulted in higher prices at the pump. Most industries work like that; coffee, tea, cereal, toilet paper, electronics, etc….
Obviously, the difference between the old prices the 99 percent pays and the new higher prices goes into the pockets of the 1 percent via higher corporate earnings, increased dividends and rising share prices. None of this could occur without this income redistribution scam. If businesses really competed, we’d have declining prices, which would result in reduced earnings, dividends and share prices. It would also stop the income redistribution scam, which is helped by government. Wall Street would also collapse.
The feds won’t enforce the Sherman Anti-Trust Act and force competition on corporations, except, of course, for the little guys. And secondly, the government makes sure the methodology that it uses to gauge inflation does not include most price increases, such as energy and food. The feds have tweaked the methodology 20 times since 1981. This means they’ve perfected a way to fool the vast majority of citizens, but not all of us.
Also, corporations have shipped plenty of jobs overseas under the disguise of free trade treaties. The difference between the old wages here and the new lower wages there sneak into the already fat wallets of the rich via higher dividends and share prices. In other words, free trade treaties are an income redistribution scam.
The rise in corporate profits during economic tough times, like those we currently live in, is caused by these conspiracies and not by wonderfully adept management. In fact, corporations are so badly mismanaged that incompetent CEO’s are forced to engage in these illegal conspiracies, aided and abetted by a government completely corrupted by Organized Money. But these CEOs receive awesome compensation for their incompetence.
Corporate profits at an all time high!
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