DODGE CITY, Kan. - Do you remember the nursery rhyme of your childhood: "This is the house that Jack built?" It went on to explain how everything was all connected and caused the next step to happen, closing with the final phrase, "This is the dog that bit the cat that chased the mouse that ate the cheese that lay in the house that Jack built."
Well, I guess that almost explains how our house in Kansas got built (the Kansas House of Representatives, that is).
If you read No Requiem for the Useless earlier this week, you know my view of how the Federal Reserve segment of our national structure operates to manipulate the financial management of this country. As the nursery rhyme suggests, there is a next step; the corporations take the dollars so generously given by taxpayers by making sure they don't lose the companies don't lose those through taxes. So, "This is the corporation that pays no income tax to the federal government." Fill in almost any name here -- like GE who didn't pay any income tax last year on its $14 billion profit and yet filed for a $3.2 rebate.
Here I must mention that on March 1st this year, the Republicans in the U.S. House of Representatives voted to cut $600 million from the IRS budget for the remainder of 2011, and more in 2012. They, of course, want to cut IRS expenses. Never mind that for every dollar spent by the IRS for audits, liens, and seizing property from tax cheats, we get ten dollars. That's a pretty good rate of return, I think. But it also means corporations have to spend more to hide corporate cheating.