June 13, 2012
Labor Unions are not dead. They are reloading.
Labor unions suffered a setback in Wisconsin last week, but anyone who thinks they've been knocked dead is living in a dream world. There are laws on the books which ensure that the unions will always bounce back. Scott Walker knocked them down, but they will come back up like a bobo doll, and long after he is out of office, they will continue clutching for more power. All the laws are on their side. The only certainties are death and tax [exemption] Labor unions are categorized as tax-exempt 501(c)5 organizations. In 2010, these organizations collectively held $32,498,906,714 in assets. This number comes from the combined assets of all labor unions and farm bureaus. After all their expenses, lobbying efforts, and voter intimidation efforts, these organized labor gangsters still have more money than the entire GDP of many countries. None of it is taxed, and 92% of them are in violation of Dept. of Labor audits. If this 32 billion were taxed at...(Read Full Article)