Both Sweden and Norway suffered horrendous poverty when the 1 percent was in charge. Under the leadership of the working class, however, both countries nearly eliminated poverty, expanded free university education, abolished slums, provided excellent health care available to all as a right, and created a system of full employment.
Congress already fell for this scam with a tax holiday passed in 2004. But companies didn’t create the jobs or investment they promised — layoffs actually increased. Instead, they boosted CEO pay, stock buybacks and shareholder dividends, and stockpiled even more money offshore to avoid taxes.