The fear of running out of money in retirement is America's greatest financial concern. It's a fear greater than death. But the American workers who have paid all their lives for retirement security are being cheated by wealthy individuals and corporations who refuse to meet their tax obligations, and who have found other ways to keep expanding their wealth at the expense of the middle class.
Washington is another state being victimized, at the hands of Boeing, which according to Citizens for Tax Justice paid nothing in federal taxes over ten years and nothing to Washington in state taxes, despite $32 billion in pretax U.S. profits. Now, while engineering a bidding war among multiple states, the company has wangled the nation's single biggest state tax break ($8.7 billion over 16 years) while informing its employees that their pension and benefits will be slashed.
Posted with permission from Paul Buchheit, a college teacher with formal training in language development and cognitive science. He is the founder and developer of social justice and educational websites (UsAgainstGreed.org, RappingHistory.org, PayUpNow.org), and the editor and main author of "American Wars: Illusions and Realities" (Clarity Press). He can be reached at paul@UsAgainstGreed.org.