Nicholas Kristof of the New York Times in his weekly op ed discussed the use of humor in protests in Serbia and Egypt, as well as in changing attitudes on teen smoking. Funny that he did not mention UK Uncut, which has staged large scale rallies over the fact that many major corporations pay little in the way of tax when they are showing record profits yet ordinary citizens are expected to pay more in taxes and suffer large reductions in social services. Its US sister is starting to get a foothold, as a video of a protest at Bank of America in San Francisco attests.
And before you defend the current bias in our tax regime toward individual versus corporate taxes, consider this discussion from Richard Wolf in the Guardian (emphasis his):
During the Great Depression, federal income tax receipts from individuals and corporations were roughly equal. During the second world war, income tax receipts from corporations were 50% greater than from individuals. The national crises of depression and war produced successful popular demands for corporations to contribute significant portions of federal tax revenues.
US corporations resented that arrangement, and after the war, they changed it. Corporate profits financed politicians’ campaigns and lobbies to make sure that income tax receipts from individuals rose faster than those from corporations and that tax cuts were larger for corporations than for individuals. By the 1980s, individual income taxes regularly yielded four times more than taxes on corporations’ profits…
Corporations repeated at the state and local levels what they accomplished federally. According to the US Census Bureau, corporations paid taxes on their profits to states and localities totalling $24.7bn in 1988, while individuals then paid income taxes of $90bn. However, by 2009, while corporate tax payments had roughly doubled (to $49.1bn), individual income taxes had more than tripled (to $290bn).
Courtesy US Uncut: