Note that extremely profitable Boeing just extorted concessions from the machinists' union (aka "screwing the middle class"), and from state of WA for many $Bs in tax breaks through 2040.
"the legislature in Washington state agreed to give Boeing $8.7 billion in tax breaks through 2040"
The Corporate-American War on Human-American Employees continues and will worsen.
Corporations continue to -slap govts into submission for $Bs in tax breaks and subsidies, continue to avoid paying their fair share of taxes to finance the society they depend on.
and here's what Boeing was extorting from states bidding for the 777x factory:
"Among Boeing’s demands, according to confidential do ents leaked to the press:
• “Site at no cost, or very low cost, to project.”
• “Facilities at no cost, or significantly reduced cost.”
• “Infrastructure improvements provided by the location.”
• Public subsidies for “procuring equipment/tooling” and in “recruiting, evaluating and training” employees
• “Entire applicable tax structure including corporate income tax, franchise tax, property tax, sales/use tax, business license/gross receipts tax and excise taxes to be significantly reduced.”
In other words, hard-pressed taxpayers are being asked to provide a free site, build a free factory, finance all infrastructure for the plant, train workers for the plant, buy equipment for the plant and pretty much surrender all tax revenue that the plant might generate. This, to benefit a company that projects a profit of $6.7 billion in 2013 and whose stock price has soared 77 percent in the past year."
http://www.nationalmemo.com/new-stud...ut-of-poverty/