Book Cover

Democratic
Capitalism,  The Way to a World of Peace and Plenty


 

Corporate Surplus-3

Corporate taxes contributed over 30% of total tax revenues but were cut over the years to less than 10% with 2/3 of corporations paying no taxes.  This was promoted on the basis of redirecting taxes to increase economic growth and build jobs.

In a country desperate for tax revenues why are corporate taxes cut for the benefit of growth when there is $3 trillion of surplus cash sitting idle in company’s pockets?

Ray CareyRay Carey

Ray Carey learned through managing companies for 33 years how to change the work culture to provide employees with their best opportunities to develop and contribute. This experience began as a 28 year old plant manager and later president of an electric motor company, and concluded with eighteen years as president , chairman, and CEO of ADT, Inc.

See Carey's autobiography of his work career in chapter two of his first book,

Democratic Capitalism, The Way to a World of Peace and Plenty.

For more information about Ray Carey and his advocacy of democratic capitalism, visit the pages of this website.