Posts Tagged ‘DRUG-TESTING’
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In Bureaucracy, Business, History, Law, Politics, Social commentary on December 20, 2024 at 12:19 am
Robert Benmosche, the CEO of American International Group (AIG) had some blunt advice to college graduates searching for work.
“You have to accept the hand that’s been dealt you in life,” Benmosche said in a 2013 interview on Bloomberg Television. “Don’t cry about it. Deal with it.”
As is typical of one-percenters, Benmosche blamed willing-to-work college graduates for the refusal of rich employers to offer jobs instead of excuses.
AIG’s way of “accepting the hand that’s been dealt you in life” was to go crying to the Federal Government for a bailout loan—which eventually ballooned to $182 billion.
If college graduates should “deal with” the hardships of finding a responsible, hiring-inclined employer with a stiff upper lip, as Benmosche advised, the same advice should work wonders on greed-fueled CEOs.
Greed-test CEOs for future government loans.
After all, drug-testing welfare recipients has become the new mantra for Republicans.
Some bills have even targeted people who seek unemployment insurance and food stamps, despite scanty evidence that the poor and jobless are disproportionately on drugs.
The concept of background screening is actually sound. But Republicans are aiming it at the wrong end of the economic spectrum.
Since 2008, the government has handed out billions of dollars in bailouts to CEOs of the wealthiest corporations in the country.
The reason: To rescue the economy from the calamity produced by the criminal greed and recklessness of those same corporations.
In 2008, Alan Greenspan, the former chairman of the Federal Reserve, testified before Congress about the origins of the Wall Street “meltdown.”
He admitted that he was “shocked” at the breakdown in U.S. credit markets and said he was “partially” wrong to resist regulation of some securities.
“Those of us who have looked to the self-interest of lending institutions to protect shareholder’s equity—myself especially—are in a state of shocked disbelief,” said Greenspan, who had ruled the Fed from 1987 to 2006.
Alan Greenspan
As a disciple of the right-wing philosopher, Ayan Rand, Greenspan had fiercely held to her belief that “The Market” was a divine institution. As such, “it” alone knew what was best for the nation’s economic prosperity.
“Enlightened self-interest,” he believed, would guarantee that those who dedicated their lives to making money would not allow mere greed to steer them—and the country—into disaster.
As he saw it, any attempt to regulate greed-based appetites could only harm that divine institution.
This had been the prevailing attitude among businessmen prior to the 1929 Wall Street crash that brought on the Great Depression. It proved wrong then.
And it proved wrong for Greenspan—and the country—in 2008. And the nation will be literally paying for such misguided confidence in profit-addicted men for decades to come.

So if Republicans want to protect the “poor, oppressed taxpayer,” they should demand background investigations for those whose addiction truly threatens the economic future of this country.
That is: The men (and occasionally women) who run the nation’s most important financial institutions, such as banks, insurance and mortgage companies.
Thus, in the future, all CEOs—and their families and topmost executives—of financial institutions seeking Federal bailouts should be required to:
- Undergo “full field investigations” by the FBI and IRS.
- Submit full financial disclosure forms concerning not only themselves but all members of their immediate families.
- Be subject to Federal prosecution for perjury if they provide false information or conceal evidence of criminal violations.
- Periodically submit themselves for additional background investigation.
- Be subject to arrest, indictment and prosecution if the background investigation turns up evidence of criminal activity.

In addition:
- If a bailout-seeking financial institution refuses to comply with these criteria, it should be refused the loan.
- If a CEO and/or other top officials are judged ineligible for a loan, the company should be asked to replace those executives with others who might qualify.
- Those alternative executives should be subject to the same background investigation requirements as just outlined.
- If the institution refuses to replace those executives found ineligible, the Government should refuse the loan.
- If the Government is forced to take over a troubled financial institution, its CEO and top executives should be replaced with applicants who have passed the required security screening.
The United States has a long and embarrassing history in worshiping wealth for its own sake. Part of this can be traced to the old Calvinistic doctrine that wealth is a proof of salvation, since it shows evidence of God’s favor.
“The man who builds a factory,” eulogized President Calvin Coolidge, “builds a temple. And the man who works there, worships there.”
Another reason for this worship of mammon is the belief that someone who is wealthy is automatically endowed with wisdom and integrity. If that were true, Mafia bosses would be the moral equivalent of Saint Augustine.
Following these beliefs to their ultimate conclusion will transform the United States into a plutocracy—a government of the wealthy, by the wealthy, for the wealthy.
Every day—from President Donald Trump on down—we see fresh evidence of the destruction wrought by the unchecked greed of wealthy, powerful men.
When they—and their paid shills in Congress—demand, “De-regulate business,” it’s essential to remember what this really means.
It means: “Let criminals be criminals.”
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In Bureaucracy, Business, History, Law, Politics, Social commentary on December 19, 2024 at 12:11 am
The late Robert Benmosche, then CEO of American International Group (AIG), had some blunt advice to college graduates searching for work in a tight job market.

Robert Benmosche
“You have to accept the hand that’s been dealt you in life,” Benmosche said in a 2013 interview on Bloomberg Television. “Don’t cry about it. Deal with it.”
Typical advice from a one-percenter whose company, AIG, suffered a liquidity crisis when its credit ratings were downgraded below “AA” levels in September, 2008.
So how did AIG “deal with” its own crisis? It went crying to its Uncle Sugar, the United States Government, for a bailout.
Which it promptly got.
The United States Federal Reserve Bank, on September 16, 2008, made an $85 billion loan to AIG to meet increased collateral obligations resulting from its credit rating downgrade—and thus saving it from certain bankruptcy.
In return, the Government took an 80% stake in the firm.
(The bailout eventually ballooned to $182 billion in exchange for a 92% stake.)
College graduates, said Benmosche, needed to seize the opportunities that become available to them, even if their options are limited.
“They want me to talk to the students and give them a sense of encouragement, especially with the high unemployment,” said Benmosche.
“My advice will be, ‘Whatever opportunity comes your way, take it. Take it and treat it as if it’s the only one that’s coming your way, because that actually may be the truth.’”
Yes, if you have the opportunity to cry yourself into a multi-billion dollar loan from the Federal Government, by all means, do so.
Of course, willing-to-work college graduates who can’t find willing-to-hire employers won’t be able to count on a generous bailout from the Federal Government.
To which most of them will owe hundreds of thousands of dollars in student loans.
It’s long past time to apply to “untouchable” CEOs like Robert Benmosche the same criteria that Right-wing Republicans demand be applied to welfare recipients.
Republican lawmakers have vigorously pursued welfare drug-testing in Congress and more than 30 states.

Some bills have even targeted people who claim unemployment insurance and food stamps, despite scanty evidence the poor and jobless are disproportionately on drugs.
The concept of background screening is actually sound. But Republicans are aiming it at the wrong end of the economic spectrum.
Since 2008, the government has handed out billions of dollars in bailouts to the wealthiest corporations in the country.
The reason: To rescue the economy from the calamity produced by the criminal greed and recklessness of those same corporations.

For example:
According to the Special Inspector General for the TARP bailout, the total commitment of government is $16.8 trillion dollars with the $4.6 trillion already paid out.
And it’s equally important to remember that welfare recipients did not:
- Hold CEO positions at any of the banks so far bailed out;
- Run such insurance companies as American International Group (AIG);
- Administer the Federal Home Loan Mortgage Corporation, known as Freddie Mac;
- Command the Federal National Mortgage Association, known as Fannie Mae.
The 2010 documentary Inside Job chronicles the events leading to the 2008 global financial crisis. One of its most insightful moments occurs at a party held by then-Treasury Secretary Henry Paulson.
“We can’t control our greed,” the CEO of a large bank admits to his fellow guests. “You should regulate us more.”
Greed is defined as an excessive desire for wealth or goods. At its worst, greed trumps rationality, judgment and concern about the damage it may cause.
Greed begins in the neurochemistry of the brain. A neurotransmitter called dopamine fuels our greed. The higher the dopamine levels in the brain, the greater the pleasure we experience.
Cocaine, for example, directly increases dopamine levels. So does money.
Harvard researcher Hans Breiter has found, via magnetic resonance imaging studies, that the craving for money activates the same regions of the brain as the lust for sex, cocaine or any other pleasure-inducer.

Dopamine is most reliably activated by an experience we haven’t had before. We crave recreating that experience.
But snorting the same amount of cocaine, or earning the same sum of money, does not cause dopamine levels to increase. So the pleasure-seeker must increase the amount of stimuli to keep enjoying the euphoria.
In time, this incessant craving for pleasure becomes an addiction. And feeding that addiction–-with ever more money–becomes the overriding goal.
Thus, the infamous line—”Greed is good”—in the 1987 film, Wall Street, turns out to be both false and deadly for all concerned.
But the situation need not remain this way.
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In Bureaucracy, History, Law, Law Enforcement, Politics, Social commentary on October 11, 2024 at 12:12 am
America can quickly find employment for willing-to-work job-seekers—by installing a nationwide Employers Responsibility Act. Its last seven provisions would read as follows:
(9) Employers refusing to hire would be required to pay an additional “crime tax.”
Sociologists and criminologists agree that “the best cure for crime is a job.” Thus, employers who refuse to hire contribute to a growing crime rate in this Nation. Such non-hiring employers would be required to pay an additional tax, which would be earmarked for agencies of the criminal justice system at State and Federal levels.

(10) The seeking of “economic incentives” by companies in return for moving to or remaining in cities/states would be strictly forbidden.
Such “economic incentives” usually:
- allow employers to ignore existing laws protecting employees from unsafe working conditions;
- allow employers to ignore existing laws protecting the environment;
- allow employers to pay their employees the lowest acceptable wages, in return for the “privilege” of working at these companies; and/or
- allow employers to pay little or no business taxes, at the expense of communities who are required to make up for lost tax revenues.
(11) Employers who continue to make such overtures would be criminally prosecuted for attempted bribery or extortion:
- Bribery, if they offered to move to a city/state in return for “economic incentives,” or
- Extortion, if they threatened to move their companies from a city/state if they did not receive such “economic incentives.”
This would protect employees against artificially-depressed wages and unsafe working conditions; protect the environment in which these employees live; and protect cities/states from being pitted against one another at the expense of their economic prosperity.

(12) The U.S. Departments of Justice and Labor would regularly monitor the extent of employer compliance with the provisions of this act.
Among these measures: Sending undercover agents, posing as highly-qualified job-seekers, to apply at companies—and then vigorously prosecuting those employers who blatantly refused to hire despite their proven economic ability to do so.
This would be comparable to the long-time and legally-validated practice of using undercover agents to determine compliance with fair-housing laws.
(13) The Justice Department and/or the Labor Department would be required to maintain a publicly-accessible database on those companies that have been cited, sued and/or convicted for such offenses as:
- discrimination,
- harassment,
- health and/or safety violations or
- violating immigration laws.
Employers would be legally required to regularly provide such information to these agencies, so that it would remain accurate and up-to-date.
Such information would arm job applicants with vital information about the employers they were approaching. They could thus decide in advance if an employer is deserving of their skills and dedication.
As matters now stand, employers can legally demand to learn even the most private details of an applicant’s life without having to disclose even the most basic information about themselves and their history of treating employees.

(14) CEOs whose companies employ illegal aliens would be held directly accountable for the actions of their subordinates. Upon conviction, the CEO would be sentenced to a mandatory prison term of at least 10 years.
This would prove a more effective remedy for controlling illegal immigration than stationing tens of thousands of soldiers on the U.S./Mexican border. With CEOs forced to account for their subordinates’ actions, they would take drastic steps to ensure their companies complied with Federal immigration laws.
Without employers eager to hire illegal aliens at a fraction of the money paid to American workers, the invasions of illegal job-seekers would quickly come to an end.
(15) A portion of employers’ existing Federal taxes would be set aside to create a national clearinghouse for placing unemployed but qualified job-seekers.
* * * * *
For thousands of years, otherwise highly intelligent men and women believed that kings ruled by divine right. That kings held absolute power, levied extortionate taxes and sent countless millions of men off to war—all because God wanted it that way.
That lunacy was dealt a deadly blow in 1776 when American Revolutionaries threw off the despotic rule of King George III of England.
But today, millions of Americans remain imprisoned by an equally outrageous and dangerous theory: The Theory of the Divine Right of Employers.
Summing up this employer-as-God attitude, Calvin Coolidge still speaks for the overwhelming majority of employers and their paid shills in government: “The man who builds a factory builds a temple, and the man who works there worships there.”
America can no longer afford such a dangerous fallacy as the Theory of the Divine Right of Employers.
Americans did not win their freedom from Great Britain—and its enslaving doctrine of “the divine right of kings”—-by begging for their rights.
And Americans will not win their freedom from their corporate masters–-and the equally enslaving doctrine of “the divine right of employers”—-by begging for the right to work and support themselves and their families.
Corporations can—and do—spend millions of dollars on TV ads, selling lies—lies such as the “skills gap,” and how if the wealthy are forced to pay their fair share of taxes, jobs will inevitably disappear.
But Americans can choose to reject those lies—and demand that employers behave like patriots instead of predators.
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In Bureaucracy, History, Law, Law Enforcement, Politics, Social commentary on October 10, 2024 at 12:10 am
An Employers Responsibility Act (ERA) would simultaneously address the following evils for which employers are directly responsible:
- The loss of jobs within the United States owing to companies’ moving their operations abroad—solely to pay substandard wages to their new employees.
- The mass firings of employees which usually accompany corporate mergers or acquisitions.
- The widespread victimization of part-time employees, who are not legally protected against such threats as racial discrimination, sexual harassment and unsafe working conditions.

- The refusal of many employers to create better than menial, low-wage jobs.
- The widespread employer practice of extorting “economic incentives” from cities or states in return for moving to or remaining in those areas. Such “incentives” usually absolve employers from complying with laws protecting the environment and/or workers’ rights.
- The refusal of many employers to provide medical and pension benefits—nearly always in the case of part-time employees, and, increasingly, for full-time, permanent ones as well.
- Rising crime rates, due to rising unemployment.
Among its provisions:
(1) American companies that close plants in the United States and open others abroad would be forbidden to sell products made in those foreign plants within the United States.
This would protect both American and foreign workers from employers seeking to profit at their expense. American workers would be ensured of continued employment. And foreign laborers would be protected against substandard wages and working conditions.
Companies found violating this provision would be subject to Federal criminal prosecution. Guilty verdicts would result in heavy fines and lengthy imprisonment for their owners and top managers.
(2) Large companies (those employing more than 100 persons) would be required to create entry-level training programs for new, future employees.
These would be modeled on programs now existing for public employees, such as firefighters, police officers and members of the armed services.
Such programs would remove the employer excuse, “I’m sorry, but we can’t hire you because you’ve never had any experience in this line of work.” After all, the Air Force has never rejected an applicant because, “I’m sorry, but you’ve never flown a plane before.”
This Nation has greatly benefited from the humane and professional efforts of the men and women who have graduated from public-sector training programs. There is no reason for the private sector to shun programs that have succeeded so brilliantly for the public sector.
(3) Employers would receive tax credits for creating professional, well-paying, full-time jobs.
This would encourage the creation of better than the menial, dead-end, low-paying and often part-time jobs which exist in the service industry. Employers found using such tax credits for any other purpose would be prosecuted for tax fraud.
(4) A company that acquired another—through a merger or buyout—would be forbidden to fire en masse the career employees of that acquired company.
This would be comparable to the protection existing for career civil service employees. Such a ban would prevent a return to the predatory “corporate raiding” practices of the 1980s, which left so much human and economic wreckage in their wake.

The wholesale firing of employees would trigger the prosecution of the company’s new owners. Employees could still be fired, but only for provable just cause, and only on a case-by-case basis.
(5) Employers would be required to provide full medical and pension benefits for all employees, regardless of their full-time or part-time status.
Increasingly, employers are replacing full-time workers with part-time ones—solely to avoid paying medical and pension benefits.
Requiring employers to act humanely and responsibly toward all their employees would encourage them to provide full-time positions—and hasten the death of this greed-based practice.
(6) Employers of part-time workers would be required to comply with all federal labor laws.
Under current law, part-time employees are not protected against such abuses as discrimination, sexual harassment and unsafe working conditions. Closing this loophole would immediately create two positive results:
- Untold numbers of currently-exploited workers would be protected from the abuses of predatory employers; and
- Even predatorily-inclined employers would be encouraged to offer permanent, fulltime jobs rather than only part-time ones—since a major incentive for offering part-time jobs would now be eliminated.
(7) Employers would be encouraged to hire to their widest possible limits,through a combination of financial incentives and legal sanctions. Among those incentives:
Employers demonstrating a willingness to hire would receive substantial Federal tax credits, based on the number of new, permanent employees hired per year.
Employers claiming eligibility for such credits would be required to make their financial records available to Federal investigators. Employers found making false claims would be prosecuted for perjury and tax fraud, and face heavy fines and imprisonment if convicted.
(8) Among those sanctions: Employers refusing to hire could be required to prove, in court:
- Their economic inability to hire further employees, and/or
- The unfitness of the specific, rejected applicant.
Companies found guilty of unjustifiably refusing to hire would face the same penalties as now applying in cases of discrimination on the basis of age, race, sex and disability.
Two benefits would result from this:
- Employers would thus fund it easier to hire than to refuse to do so; and
- Job-seekers would no longer be prevented from even being considered for employment because of arbitrary and interminable “hiring freeze.”
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In Bureaucracy, History, Law, Law Enforcement, Politics, Social commentary on October 9, 2024 at 12:15 am
Donald Trump wants huge tax cuts for corporations. He wants to cut the corporate income tax rate from from 21 to 15%.
According to the bipartisan Committee for a Responsible Federal Budget, this could reduce revenue by about $200 billion through Fiscal Year (FY) 2035.
He claims that, with this extra income, CEOs will invest in their businesses and create tens of thousands of new jobs.

Donald Trump
But that’s not what past CEOs have done. The have sought to please investors, not workers. And, certainly not those seeking work.
Darius Adamczyk, CEO of Honeywell International Inc., said “tax reform” would “offer greater flexibility for Honeywell.” He added that the corporation would invest more cash in the United States to pay for mergers and acquisitions, share buybacks and paying down debt.
He didn’t say anything about hiring more workers.
According to McKinsey & Company, the 500 largest US nonfinancial companies have accumulated around $1 trillion. Most of this is held offshore, in non-US overseas subsidiaries, to avoid the incremental US income taxes they would pay if they repatriated the money under current US laws
Apple’s CEO Tim Cook said the company wanted to bring back offshore cash if tax rates for doing so were lower: “What we would do with it, let’s wait and see exactly what it is, but as I’ve said before we are always looking at acquisitions.”
In a corporate acquisition, a company buys a controlling interest in another company, by acquiring all or most of its shares.
Most of the offshore cash brought home by U.S. companies in past tax holidays was used to buy back shares or make acquisitions, not to fund investments in production capacity or jobs.
Corporations were not legally required to use those tax cut savings to hire more workers. And Trump’s tax cut proposal had no such requirement, either.
According to John Divine, staff writer for U.S. News & World Report‘s Money section: “As long as there are no strings attached on how or where companies spend these savings, taxpayers get a raw deal.”
Tax cuts for the wealthy have been a favorite—perhaps the favorite—Republican mantra since 1980, when former California Governor Ronald Reagan was elected President.

Ronald Reagan
Reagan, like every major Republican Presidential candidate since, promised that giving tax cuts to the wealthy would prove highly beneficial to ordinary workers.
The official name for this policy was “supply side economics.” In reality, it was known—and functioned—as “trickle down economics.”
“A rising tide lifts all boats,” claimed Reagan. A more realistic slogan for the results of his economics policies would have been: “A rising tide lifts some yachts.”
Among those charting Reagan’s economics legacy as President was former CBS Correspondent David Schoenbrun. In his bestselling autobiography, America Inside Out: At Home and Abroad from Roosevelt to Reagan, he noted:
- On January 28, 1981, keeping a pledge to his financial backers in the oil industry, Reagan abolished Federal controls on the price of oil.
- Within a week, Exxon, Texaco and Shell raised gasoline prices and prices of home heating oil.
- Reagan saw it as his duty to put a floor under prices, not a ceiling above them.
- Reagan believed that when government helped business it wasn’t interfering. Loaning money to bail out a financially incompetent Chrysler was “supporting the free enterprise system.”
- But putting a high-profits tax on price-gouging corporations or filing anti-trust suits against them was “Communistic” and therefore intolerable.
- Tax-breaks for wealthy businesses meant helping America become stronger.
- But welfare for the poor or the victims of a predatory marketplace economy weakened America by sapping its morale.
“In short,” wrote Schoenbrun, “welfare for the rich is good for America. But welfare for the poor is bad for America, even for the poor themselves, for it encourages them to be shiftless and lazy.
“Somehow, loans to the inefficient management of American corporations would not similarly encourage them in their inefficient methods.”
To be unemployed in America is considered by most Americans—including the unemployed—the same as being a bum.
And Republicans are quick to point accusing fingers at those willing-to-work Americans who can’t find willing-to-hire employers.
According to Republicans such as Mitt Romney and Herman Cain: If you can’t find a job, it’s entirely your fault.
And when Republicans are forced—by public pressure or Democratic majorities—to provide benefits to the unemployed, these nearly always come at a price.
Those receiving subsistence monies are, in many states, required to undergo drug-testing, even though there is no evidence of widespread drug-abuse among the unemployed.
But America can put an end to this “I’ve-got-mine-and-the-hell-with-you” job-killing arrogance of greedy corporations.
The answer lies in three words: Employers Responsibility Act (ERA).
If passed by Congress and vigorously enforced by the U.S. Departments of Justice and Labor, an ERA would ensure full-time, permanent and productive employment for millions of capable, job-seeking Americans.
And it would achieve this without raising taxes or creating controversial government “make work” programs.
Such legislation would legally require employers to demonstrate as much initiative for hiring as job-seekers are now expected to show in searching for work.
How it would work will be outlined in the next two columns.
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In Bureaucracy, Business, History, Law, Law Enforcement, Politics, Social commentary on November 14, 2019 at 12:08 am
During the 2016 Presidential campaign, Donald Trump assumed a role that utterly confounded his Democratic opponent, Hillary Clinton.
He adopted the role of a populist, appealing to blue-collar voters. He visited “Rustbelt” states like Michigan and Pennsylvania and vowed to “bring back” jobs that had been lost to China, such as those in coal mining and manufacturing
Clinton, on the other hand, made two deadly mistakes:
First, she offered a “love-your-CEO” economic plan to the unemployed—and suffered for it.
And, second, she didn’t deign to visit those “Rustbelt” states, assuming she had them “locked up.”
Most economists agree that, in a globalized economy, such jobs are not coming back, no matter who becomes President.
Even so, voters backed the man who came to promise them a better future, and shunned the woman who didn’t come to promise them any future at all.

Hillary Clinton (Gage Skidmore photo)
In May, 2016, Democratic pollster CeLinda Lake had warned Clinton to revamp her economic platform. Clinton ignored the advice.
“Democrats simply have to come up with a more robust economic frame and message,” Lake said after the election. “We’re never going to win those white, blue-collar voters if we’re not better on the economy. And 27 policy papers and a list of positions is not a frame. We can laugh about it all we want, but Trump had one.”
Had Clinton offered struggling or unemployed workers a realistic plan for turning their lives around, the 2016 election might well have had a different ending.
But, since winning the White House, Trump has not been able to “bring back jobs” lost to corporations’ “outsourcing” to countries like China and Mexico.
Nor have huge tax cuts for corporations resulted in large-scale hiring. He claimed that, with this extra income, CEOs would invest in their businesses and create tens of thousands of new jobs. And through his Tax Cuts and Jobs Act of 2017, which Republicans rammed through Congress, the corporate income tax rate has been slashed from 35% to 21%.

Donald Trump
But that’s not what some of the biggest S&P 500 companies predicted they would do if they got those tax cuts. The people they wanted to please were investors, not workers. And, least of all, those seeking work but unable to find employers willing to hire.
Darius Adamczyk, CEO of Honeywell International Inc., said “tax reform” would “offer greater flexibility for Honeywell.” He added that the corporation would invest more cash in the United States to pay for mergers and acquisitions, share buybacks and paying down debt.
He didn’t say anything about hiring more workers.
According to Moody’s Investors Service, American corporations have stockpiled nearly $1.8 trillion in cash overseas.
Apple has more than $240 billion of that total.
Apple’s CEO Tim Cook said the company wanted to bring back offshore cash if tax rates for doing so were lower: “What we would do with it, let’s wait and see exactly what it is, but as I’ve said before we are always looking at acquisitions.”
Apple expected a tax windfall if Trump’s tax-cutting plan passed Congress. And analysts openly expected Apple to use those monies to boost its capital return program via buybacks, dividends and perhaps making a big acquisition.
What analysts didn’t expect Apple to do with its tax cut monies was create new American jobs.
Most of the offshore cash brought home by U.S. companies in past tax holidays was used to buy back shares or make acquisitions, not to fund investments in production capacity or jobs.
Corporations were not legally required to use those tax cut savings to hire more workers. And Trump’s tax cut legislation has no such requirement, either.
According to John Divine, staff writer for U.S. News & World Report‘s Money section: “As long as there are no strings attached on how or where companies spend these savings, taxpayers get a raw deal.”
Tax cuts for the wealthy have been a favorite—perhaps the favorite—Republican mantra since 1980, when former California Governor Ronald Reagan ran for and became President.

Ronald Reagan
Reagan, like every major Republican Presidential candidate since, promised that giving tax cuts to the wealthy would prove highly beneficial to ordinary workers.
The official name for this policy was “supply side economics.” In reality, it was known—and functioned—as “trickle down economics.”
“A rising tide lifts all boats,” claimed Reagan. A more realistic slogan for the results of his economics policies would have been: “A rising tide lifts some yachts.”
Among those charting Reagan’s economics legacy as President was former CBS Correspondent David Schoenbrun. In his bestselling autobiography, America Inside Out: At Home and Abroad from Roosevelt to Reagan, he wrote:
“[According to Republicans] welfare for the rich is good for America. But welfare for the poor is bad for America, even for the poor themselves, for it encourages them to be shiftless and lazy.
“Somehow, loans to the inefficient management of American corporations would not similarly encourage them in their inefficient methods.”
To be unemployed in America is considered by most Americans—including the unemployed—the same as being a bum.
And Republicans are quick to point accusing fingers at those willing-to-work Americans who can’t find willing-to-hire employers.
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In Bureaucracy, Business, History, Law, Politics, Social commentary on April 4, 2018 at 1:26 am
Robert Benmosche, the CEO of American International Group (AIG) had some blunt advice to college graduates searching for work.
“You have to accept the hand that’s been dealt you in life,” Benmosche said in a 2013 interview on Bloomberg Television. “Don’t cry about it. Deal with it.”
As is typical of one-percenters, Benmosche blamed willing-to-work college graduates for the refusal of rich employers to offer jobs instead of excuses.
AIG’s way of “accepting the hand that’s been dealt you in life” was to go crying to the Federal Government for a bailout loan—which eventually ballooned to $182 billion.
If college graduates should “deal with” the hardships of finding a responsible, hiring-inclined employer with a stiff upper lip, as Benmosche advised, the same advice should work wonders on greed-fueled CEOs.
Greed-test CEOs for future government loans.
After all, drug-testing welfare recipients has become the new mantra for Republicans.
Some bills have even targeted people who seek unemployment insurance and food stamps, despite scanty evidence that the poor and jobless are disproportionately on drugs.
The concept of background screening is actually sound. But Republicans are aiming it at the wrong end of the economic spectrum.
Since 2008, the government has handed out billions of dollars in bailouts to CEOs of the wealthiest corporations in the country.
The reason: To rescue the economy from the calamity produced by the criminal greed and recklessness of those same corporations.
In 2008, Alan Greenspan, the former chairman of the Federal Reserve, testified before Congress about the origins of the Wall Street “meltdown.”
He admitted that he was “shocked” at the breakdown in U.S. credit markets and said he was “partially” wrong to resist regulation of some securities.
“Those of us who have looked to the self-interest of lending institutions to protect shareholder’s equity—myself especially—are in a state of shocked disbelief,” said Greenspan, who had ruled the Fed from 1987 to 2006.
Alan Greenspan
As a disciple of the right-wing philosopher, Ayan Rand, Greenspan had fiercely held to her belief that “The Market” was a divine institution. As such, “it” alone knew what was best for the nation’s economic prosperity.
“Enlightened self-interest,” he believed, would guarantee that those who dedicated their lives to making money would not allow mere greed to steer them—and the country—into disaster.
As he saw it, any attempt to regulate greed-based appetites could only harm that divine institution.
This had been the prevailing attitude among businessmen prior to the 1929 Wall Street crash that brought on the Great Depression. It proved wrong then.
And it proved wrong for Greenspan—and the country—in 2008. And the nation will be literally paying for such misguided confidence in profit-addicted men for decades to come.

So if Republicans want to protect the “poor, oppressed taxpayer,” they should demand background investigations for those whose addiction truly threatens the economic future of this country.
That is: The men (and occasionally women) who run the nation’s most important financial institutions, such as banks, insurance and mortgage companies.
Thus, in the future, all CEOs—and their families and topmost executives—of financial institutions seeking Federal bailouts should be required to:
- Undergo “full field investigations” by the FBI and IRS.
- Submit full financial disclosure forms concerning not only themselves but all members of their immediate families.
- Be subject to Federal prosecution for perjury if they provide false information or conceal evidence of criminal violations.
- Periodically submit themselves for additional background investigation.
- Be subject to arrest, indictment and prosecution if the background investigation turns up evidence of criminal activity.

In addition:
- If a bailout-seeking financial institution refuses to comply with these criteria, it should be refused the loan.
- If a CEO and/or other top officials are judged ineligible for a loan, the company should be asked to replace those executives with others who might qualify.
- Those alternative executives should be subject to the same background investigation requirements as just outlined.
- If the institution refuses to replace those executives found ineligible, the Government should refuse the loan.
- If the Government is forced to take over a troubled financial institution, its CEO and top executives should be replaced with applicants who have passed the required security screening.
The United States has a long and embarrassing history in worshiping wealth for its own sake. Part of this can be traced to the old Calvinistic doctrine that wealth is a proof of salvation, since it shows evidence of God’s favor.
“The man who builds a factory,” eulogized President Calvin Coolidge, “builds a temple. And the man who works there, worships there.”
Another reason for this worship of mammon is the belief that someone who is wealthy is automatically endowed with wisdom and integrity. If that were true, Mafia bosses would be the moral equivalent of Saint Augustine.
Following these beliefs to their ultimate conclusion will transform the United States into a plutocracy—a government of the wealthy, by the wealthy, for the wealthy.
Every day—from President Donald Trump on down—we see fresh evidence of the destruction wrought by the unchecked greed of wealthy, powerful men.
When they—and their paid shills in Congress—demand, “De-regulate business,” it’s essential to remember what this really means.
It means: “Let criminals be criminals.”
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In Bureaucracy, Business, History, Law, Politics, Social commentary on April 3, 2018 at 12:13 am
The late Robert Benmosche, then CEO of American International Group (AIG), had some blunt advice to college graduates searching for work in a tight job market.

Robert Benmosche
“You have to accept the hand that’s been dealt you in life,” Benmosche said in a 2013 interview on Bloomberg Television. “Don’t cry about it. Deal with it.”
Typical advice from a one-percenter whose company, AIG, suffered a liquidity crisis when its credit ratings were downgraded below “AA” levels in September, 2008.
So how did AIG “deal with” its own crisis? It went crying to its Uncle Sugar, the United States Government, for a bailout.
Which it promptly got.
The United States Federal Reserve Bank, on September 16, 2008, made an $85 billion loan to AIG to meet increased collateral obligations resulting from its credit rating downgrade–and thus saving it from certain bankruptcy.
In return, the Government took an 80% stake in the firm.
(The bailout eventually ballooned to $182 billion in exchange for a 92% stake.)
College graduates, said Benmosche, needed to seize the opportunities that become available to them, even if their options are limited.
“They want me to talk to the students and give them a sense of encouragement, especially with the high unemployment,” said Benmosche.
“My advice will be, ‘Whatever opportunity comes your way, take it. Take it and treat it as if it’s the only one that’s coming your way, because that actually may be the truth.’”
Yes, if you have the opportunity to cry yourself into a multi-billion dollar loan from the Federal Government, by all means, do so.
Of course, willing-to-work college graduates who can’t find willing-to-hire employers won’t be able to count on a generous bailout from the Federal Government.
To which most of them will owe hundreds of thousands of dollars in student loans.
It’s long past time to apply to “untouchable” CEOs like Robert Benmosche the same criteria that Right-wing Republicans demand be applied to welfare recipients.
Republican lawmakers have vigorously pursued welfare drug-testing in Congress and more than 30 states.

Some bills have even targeted people who claim unemployment insurance and food stamps, despite scanty evidence the poor and jobless are disproportionately on drugs.
The concept of background screening is actually sound. But Republicans are aiming it at the wrong end of the economic spectrum.
Since 2008, the government has handed out billions of dollars in bailouts to the wealthiest corporations in the country.
The reason: To rescue the economy from the calamity produced by the criminal greed and recklessness of those same corporations.

For example:
According to the Special Inspector General for the TARP bailout, the total commitment of government is $16.8 trillion dollars with the $4.6 trillion already paid out.
And it’s equally important to remember that welfare recipients did not:
- Hold CEO positions at any of the banks so far bailed out;
- Run such insurance companies as American International Group (AIG);
- Administer the Federal Home Loan Mortgage Corporation, known as Freddie Mac;
- Command the Federal National Mortgage Association, known as Fannie Mae.
The 2010 documentary Inside Job chronicles the events leading to the 2008 global financial crisis. One of its most insightful moments occurs at a party held by then-Treasury Secretary Henry Paulson.
“We can’t control our greed,” the CEO of a large bank admits to his fellow guests. “You should regulate us more.”
Greed is defined as an excessive desire for wealth or goods. At its worst, greed trumps rationality, judgment and concern about the damage it may cause.
Greed begins in the neurochemistry of the brain. A neurotransmitter called dopamine fuels our greed. The higher the dopamine levels in the brain, the greater the pleasure we experience.
Cocaine, for example, directly increases dopamine levels. So does money.
Harvard researcher Hans Breiter has found, via magnetic resonance imaging studies, that the craving for money activates the same regions of the brain as the lust for sex, cocaine or any other pleasure-inducer.

Dopamine is most reliably activated by an experience we haven’t had before. We crave recreating that experience.
But snorting the same amount of cocaine, or earning the same sum of money, does not cause dopamine levels to increase. So the pleasure-seeker must increase the amount of stimuli to keep enjoying the euphoria.
In time, this incessant craving for pleasure becomes an addiction. And feeding that addiction–-with ever more money–becomes the overriding goal.
Thus, the infamous line—”Greed is good”—in the 1987 film, Wall Street, turns out to be both false and deadly for all concerned.
But the situation need not remain this way.
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In Bureaucracy, History, Law, Law Enforcement, Politics, Social commentary on November 1, 2017 at 12:15 am
America can quickly find employment for willing-to-work job-seekers—by installing a nationwide Employers Responsibility Act. Its last seven provisions would read as follows:
(9) Employers refusing to hire would be required to pay an additional “crime tax.”
Sociologists and criminologists agree that “the best cure for crime is a job.” Thus, employers who refuse to hire contribute to a growing crime rate in this Nation. Such non-hiring employers would be required to pay an additional tax, which would be earmarked for agencies of the criminal justice system at State and Federal levels.

(10) The seeking of “economic incentives” by companies in return for moving to or remaining in cities/states would be strictly forbidden.
Such “economic incentives” usually:
- allow employers to ignore existing laws protecting employees from unsafe working conditions;
- allow employers to ignore existing laws protecting the environment;
- allow employers to pay their employees the lowest acceptable wages, in return for the “privilege” of working at these companies; and/or
- allow employers to pay little or no business taxes, at the expense of communities who are required to make up for lost tax revenues.
(11) Employers who continue to make such overtures would be criminally prosecuted for attempted bribery or extortion:
- Bribery, if they offered to move to a city/state in return for “economic incentives,” or
- Extortion, if they threatened to move their companies from a city/state if they did not receive such “economic incentives.”
This would protect employees against artificially-depressed wages and unsafe working conditions; protect the environment in which these employees live; and protect cities/states from being pitted against one another at the expense of their economic prosperity.
(12) The U.S. Departments of Justice and Labor would regularly monitor the extent of employer compliance with the provisions of this act.
Among these measures: Sending undercover agents, posing as highly-qualified job-seekers, to apply at companies—and then vigorously prosecuting those employers who blatantly refused to hire despite their proven economic ability to do so.
This would be comparable to the long-time and legally-validated practice of using undercover agents to determine compliance with fair-housing laws.
(13) The Justice Department and/or the Labor Department would be required to maintain a publicly-accessible database on those companies that have been cited, sued and/or convicted for such offenses as:
- discrimination,
- harassment,
- health and/or safety violations or
- violating immigration laws.
Employers would be legally required to regularly provide such information to these agencies, so that it would remain accurate and up-to-date.
Such information would arm job applicants with vital information about the employers they were approaching. They could thus decide in advance if an employer is deserving of their skills and dedication.
As matters now stand, employers can legally demand to learn even the most private details of an applicant’s life without having to disclose even the most basic information about themselves and their history of treating employees.
(14) CEOs whose companies employ illegal aliens would be held directly accountable for the actions of their subordinates. Upon conviction, the CEO would be sentenced to a mandatory prison term of at least 10 years.
This would prove a more effective remedy for controlling illegal immigration than stationing tens of thousands of soldiers on the U.S./Mexican border. With CEOs forced to account for their subordinates’ actions, they would take drastic steps to ensure their companies complied with Federal immigration laws.
Without employers eager to hire illegal aliens at a fraction of the money paid to American workers, the invasions of illegal job-seekers would quickly come to an end.
(15) A portion of employers’ existing Federal taxes would be set aside to create a national clearinghouse for placing unemployed but qualified job-seekers.
* * * * *
For thousands of years, otherwise highly intelligent men and women believed that kings ruled by divine right. That kings held absolute power, levied extortionate taxes and sent countless millions of men off to war—all because God wanted it that way.
That lunacy was dealt a deadly blow in 1776 when American Revolutionaries threw off the despotic rule of King George III of England.
But today, millions of Americans remain imprisoned by an equally outrageous and dangerous theory: The Theory of the Divine Right of Employers.

Summing up this employer-as-God attitude, Calvin Coolidge still speaks for the overwhelming majority of employers and their paid shills in government: “The man who builds a factory builds a temple, and the man who works there worships there.”
America can no longer afford such a dangerous fallacy as the Theory of the Divine Right of Employers.
Americans did not win their freedom from Great Britain—and its enslaving doctrine of “the divine right of kings”—-by begging for their rights.
And Americans will not win their freedom from their corporate masters–-and the equally enslaving doctrine of “the divine right of employers”—-by begging for the right to work and support themselves and their families.
Corporations can—and do—spend millions of dollars on TV ads, selling lies—lies such as the “skills gap,” and how if the wealthy are forced to pay their fair share of taxes, jobs will inevitably disappear.
But Americans can choose to reject those lies—and demand that employers behave like patriots instead of predators.
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In Bureaucracy, History, Law, Law Enforcement, Politics, Social commentary on October 31, 2017 at 12:10 am
An Employers Responsibility Act (ERA) would simultaneously address the following evils for which employers are directly responsible:
- The loss of jobs within the United States owing to companies’ moving their operations abroad—solely to pay substandard wages to their new employees.
- The mass firings of employees which usually accompany corporate mergers or acquisitions.
- The widespread victimization of part-time employees, who are not legally protected against such threats as racial discrimination, sexual harassment and unsafe working conditions.

- The refusal of many employers to create better than menial, low-wage jobs.
- The widespread employer practice of extorting “economic incentives” from cities or states in return for moving to or remaining in those areas. Such “incentives” usually absolve employers from complying with laws protecting the environment and/or workers’ rights.
- The refusal of many employers to provide medical and pension benefits—nearly always in the case of part-time employees, and, increasingly, for full-time, permanent ones as well.
- Rising crime rates, due to rising unemployment.
Among its provisions:
(1) American companies that close plants in the United States and open others abroad would be forbidden to sell products made in those foreign plants within the United States.
This would protect both American and foreign workers from employers seeking to profit at their expense. American workers would be ensured of continued employment. And foreign laborers would be protected against substandard wages and working conditions.
Companies found violating this provision would be subject to Federal criminal prosecution. Guilty verdicts would result in heavy fines and lengthy imprisonment for their owners and top managers.
(2) Large companies (those employing more than 100 persons) would be required to create entry-level training programs for new, future employees.
These would be modeled on programs now existing for public employees, such as firefighters, police officers and members of the armed services.
Such programs would remove the employer excuse, “I’m sorry, but we can’t hire you because you’ve never had any experience in this line of work.” After all, the Air Force has never rejected an applicant because, “I’m sorry, but you’ve never flown a plane before.”
This Nation has greatly benefited from the humane and professional efforts of the men and women who have graduated from public-sector training programs. There is no reason for the private sector to shun programs that have succeeded so brilliantly for the public sector.
(3) Employers would receive tax credits for creating professional, well-paying, full-time jobs.
This would encourage the creation of better than the menial, dead-end, low-paying and often part-time jobs which exist in the service industry. Employers found using such tax credits for any other purpose would be prosecuted for tax fraud.
(4) A company that acquired another—through a merger or buyout—would be forbidden to fire en masse the career employees of that acquired company.
This would be comparable to the protection existing for career civil service employees. Such a ban would prevent a return to the predatory “corporate raiding” practices of the 1980s, which left so much human and economic wreckage in their wake.

The wholesale firing of employees would trigger the prosecution of the company’s new owners. Employees could still be fired, but only for provable just cause, and only on a case-by-case basis.
(5) Employers would be required to provide full medical and pension benefits for all employees, regardless of their full-time or part-time status.
Increasingly, employers are replacing full-time workers with part-time ones—solely to avoid paying medical and pension benefits.
Requiring employers to act humanely and responsibly toward all their employees would encourage them to provide full-time positions—and hasten the death of this greed-based practice.
(6) Employers of part-time workers would be required to comply with all federal labor laws.
Under current law, part-time employees are not protected against such abuses as discrimination, sexual harassment and unsafe working conditions. Closing this loophole would immediately create two positive results:
- Untold numbers of currently-exploited workers would be protected from the abuses of predatory employers; and
- Even predatorily-inclined employers would be encouraged to offer permanent, fulltime jobs rather than only part-time ones—since a major incentive for offering part-time jobs would now be eliminated.
(7) Employers would be encouraged to hire to their widest possible limits,through a combination of financial incentives and legal sanctions. Among those incentives:
Employers demonstrating a willingness to hire would receive substantial Federal tax credits, based on the number of new, permanent employees hired per year.
Employers claiming eligibility for such credits would be required to make their financial records available to Federal investigators. Employers found making false claims would be prosecuted for perjury and tax fraud, and face heavy fines and imprisonment if convicted.
(8) Among those sanctions: Employers refusing to hire could be required to prove, in court:
- Their economic inability to hire further employees, and/or
- The unfitness of the specific, rejected applicant.
Companies found guilty of unjustifiably refusing to hire would face the same penalties as now applying in cases of discrimination on the basis of age, race, sex and disability.
Two benefits would result from this:
- Employers would thus fund it easier to hire than to refuse to do so; and
- Job-seekers would no longer be prevented from even being considered for employment because of arbitrary and interminable “hiring freeze.”
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LOAN-TEST CEOS LIKE WELFARE APPLICANTS: PART TWO (END)
In Bureaucracy, Business, History, Law, Politics, Social commentary on December 20, 2024 at 12:19 amRobert Benmosche, the CEO of American International Group (AIG) had some blunt advice to college graduates searching for work.
“You have to accept the hand that’s been dealt you in life,” Benmosche said in a 2013 interview on Bloomberg Television. “Don’t cry about it. Deal with it.”
As is typical of one-percenters, Benmosche blamed willing-to-work college graduates for the refusal of rich employers to offer jobs instead of excuses.
AIG’s way of “accepting the hand that’s been dealt you in life” was to go crying to the Federal Government for a bailout loan—which eventually ballooned to $182 billion.
If college graduates should “deal with” the hardships of finding a responsible, hiring-inclined employer with a stiff upper lip, as Benmosche advised, the same advice should work wonders on greed-fueled CEOs.
Greed-test CEOs for future government loans.
After all, drug-testing welfare recipients has become the new mantra for Republicans.
Some bills have even targeted people who seek unemployment insurance and food stamps, despite scanty evidence that the poor and jobless are disproportionately on drugs.
The concept of background screening is actually sound. But Republicans are aiming it at the wrong end of the economic spectrum.
Since 2008, the government has handed out billions of dollars in bailouts to CEOs of the wealthiest corporations in the country.
The reason: To rescue the economy from the calamity produced by the criminal greed and recklessness of those same corporations.
In 2008, Alan Greenspan, the former chairman of the Federal Reserve, testified before Congress about the origins of the Wall Street “meltdown.”
He admitted that he was “shocked” at the breakdown in U.S. credit markets and said he was “partially” wrong to resist regulation of some securities.
“Those of us who have looked to the self-interest of lending institutions to protect shareholder’s equity—myself especially—are in a state of shocked disbelief,” said Greenspan, who had ruled the Fed from 1987 to 2006.
Alan Greenspan
As a disciple of the right-wing philosopher, Ayan Rand, Greenspan had fiercely held to her belief that “The Market” was a divine institution. As such, “it” alone knew what was best for the nation’s economic prosperity.
“Enlightened self-interest,” he believed, would guarantee that those who dedicated their lives to making money would not allow mere greed to steer them—and the country—into disaster.
As he saw it, any attempt to regulate greed-based appetites could only harm that divine institution.
This had been the prevailing attitude among businessmen prior to the 1929 Wall Street crash that brought on the Great Depression. It proved wrong then.
And it proved wrong for Greenspan—and the country—in 2008. And the nation will be literally paying for such misguided confidence in profit-addicted men for decades to come.
So if Republicans want to protect the “poor, oppressed taxpayer,” they should demand background investigations for those whose addiction truly threatens the economic future of this country.
That is: The men (and occasionally women) who run the nation’s most important financial institutions, such as banks, insurance and mortgage companies.
Thus, in the future, all CEOs—and their families and topmost executives—of financial institutions seeking Federal bailouts should be required to:
In addition:
The United States has a long and embarrassing history in worshiping wealth for its own sake. Part of this can be traced to the old Calvinistic doctrine that wealth is a proof of salvation, since it shows evidence of God’s favor.
“The man who builds a factory,” eulogized President Calvin Coolidge, “builds a temple. And the man who works there, worships there.”
Another reason for this worship of mammon is the belief that someone who is wealthy is automatically endowed with wisdom and integrity. If that were true, Mafia bosses would be the moral equivalent of Saint Augustine.
Following these beliefs to their ultimate conclusion will transform the United States into a plutocracy—a government of the wealthy, by the wealthy, for the wealthy.
Every day—from President Donald Trump on down—we see fresh evidence of the destruction wrought by the unchecked greed of wealthy, powerful men.
When they—and their paid shills in Congress—demand, “De-regulate business,” it’s essential to remember what this really means.
It means: “Let criminals be criminals.”
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