You are hereHuffington Post: Corporations Are Draining America's Vitality

Huffington Post: Corporations Are Draining America's Vitality

March 31, 2011- Corporate tax dodging is draining the lifeblood from our communities - as we face reckless budget cuts.

Imagine the American economy as a human body, with wealth as its lifeblood. When turned upside-down, the blood all collects in our head and a person will eventually suffer a stroke and die. But if the person is standing upright, the blood is able to circulate freely to all parts of the body, and the person is able to survive and thrive.

Because of budget cuts, the Jersey Shore borough of Interlaken is dismissing its entire police force. The city of Washington D.C. has run out of money for new residents' garbage cans and recycling bins. Our nation's wealth is pooling into the pockets of a select few multi-billion dollar corporations at a breakneck pace. All that's needed to get our economy standing upright again and the wealth circulating throughout the economy is for Fortune 500 headliners like Bank of America, GE, Verizon and FedEx to pay their fair share in taxes.

As long as these corporations are free to bankrupt the American people by stashing away their income in overseas accounts, our economy will continue to worsen until the American middle class and working poor have no more purchasing power. This would suffocate small businesses in communities across the continent, stifle any hope of job creation and transform the United States into a 21st-century banana republic. This would be the equivalent of an economic stroke in America.



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