Such bid-rigging schemes, investigators contend, have indirectly increased the costs of everything from houses to toothpaste as corporations pass along the expense.
The homebuilding industry, which was in the process of consolidating into the hands of a dozen or so publicly traded corporations, passed on the added expense to consumers through higher home prices.
Then either inflation will rise further as corporations pass on higher labor costs or profits will tank because companies cannot raise prices.
The only way to make this easier would be to cut out the middleman and just let the corporations pass the laws themselves.
On Nov. 19, the board of the Javits operating corporation passed a resolution stating that the city's and state's current plans for the Javits center were "unacceptable," because they would result in a long delay.
Every claim to "create jobs" gains power, be it through cutting taxes on big corporations, cutting government oversight of what corporations do, passing laws restricting unions, you name it -- hand the treasury over to big corporation sand they will "create jobs".
President Trump's tax bill includes provisions to reduce tax rates on corporations, "pass-through" entities, and wealthy individuals, and removes the alternative minimum tax and estate tax.
And "companies have been pounding their chests about the importance of dividends, yet the dividend payout ratio is a little under 30 percent," he said, referring to the percentage of earnings that corporations are passing along to shareholders as dividends.
Also, many had been sold to large corporations before passing into the PE realm.
"Tax Reform" in reality means slashing tax rates for the wealthy and the corporations and passing on the tax burden to workers and lower income people through regressive sales taxes and other schemes.
