Donald Trump and Corporate Tax.
Donald Trump , known for his pro-business preferences, has promised to lower the corporate tax rate to 20%, as reported by financial media ( Bloomberg on June 13, 2024). According to him, this action should stimulate economic growth. This statement was made at a private meeting in Washington, attended by about 100 CEOs of 200 corporations, including Jamie Dimon of JPMorgan and Tim Cook of Apple . The United States today represents a classic example of the omnipotence of monopolies.
America – a classic country of trusts. No other country in the world has such large corporations and nowhere is there such a number of large associations.
France is known as the country of “200 families”.
The United States has even more reason to be called the country of 200 corporations, as the capital of the 200 largest, often interconnected, monopolies amounts to more than 20 trillion dollars. It is known that the United States of America is a country of high concentration and centralization of capital, in whose economy a handful of large monopolies play a dominant role.
Reducing Corporate Tax: Strengthening Class Inequality and Increasing the Power of Capitalists
Thus, the distribution of promises by politicians, including the most ardent supporter of the interests of billionaires, D. Trump, in terms of reducing corporate tax, is another step in strengthening class inequality and increasing the power of capitalists over the working class.
Lenin’s theory, to which more and more representatives of the working class are turning, states that in a capitalist society the state serves the interests of the bourgeoisie, not the proletariat.
Reducing taxes for the largest corporations and their owners reduces state revenues, which in turn limits the ability to finance social programs and services needed to support the working class .
Economic Consequences for Workers:
1. ** Reduction of social spending **: The reduction in tax revenues leads to a decrease in budget allocations for healthcare, education, and social security, which especially negatively affects workers and the poor.
2. ** Growth of inequality **: Reducing the tax burden on large corporations increases their profits, leading to increased pidends and rewards for senior management (shareholders, managers, etc.), while workers’ wages remain at the same level or even decrease.
3. ** Decrease in purchasing power **: Reducing government spending leads to lower employment levels, reduced social benefits, and increased competition among workers, which in turn lowers wages and the overall purchasing power of the population. This process contributes to a deepening economic downturn.
Political Aspect:
Such actions once again confirm the Bolshevik thesis that the state is an instrument in the hands of the ruling class to protect its interests. Reducing taxes for the largest corporations serves the interests of the bourgeoisie, which receives additional resources for further accumulation of capital and strengthening its dominance.
Conclusion:
Every uneducated and unbelieving middleman , languishing on cheap soup, is a vivid proof that such developments confirm the need for the revolutionary struggle of the conscious proletariat to overthrow the capitalist system and establish the dictatorship of the proletariat. Only by destroying (and no other way) the bourgeois state and creating a workers’ state can true equality and justice be achieved. In this case, the assurance to representatives of large capital by D. Trump [to reduce the corporate tax] even more demonstrates that the bourgeoisie uses the state apparatus to strengthen its power, which means that the struggle for socialist revolution becomes even more relevant.
Thus, the actions of Donald Trump to reduce the corporate tax are another confirmation of the proletarian theory about the nature of the capitalist state and the necessity of revolutionary struggle for the rights of the working class.
Socialism – this is not the fiction of dreamers, it is not a “non-working model”, it is not a “tyrannical system” of the state, but the ultimate goal and necessary result of the development of productive forces in modern society. All written history so far has been a history of class struggle, a change of dominance and victories of some social classes over others. And this will continue until the foundations of class struggle and class domination – private property and chaotic social production – disappear. The interests of the working class require the destruction of these foundations, and therefore a conscious class struggle of organized workers must be directed against them. And all class struggle is political struggle.
