But is Jayne being too tough on the poor GE billionaires? Paying taxes is so proletarian.
Why shouldn’t GE be able to keep every penny of their $14.2 billion profits they made in 2010 — $5.1 billion from its operations in the
After reading Jayne’s post, I was so friggin angry that I had to comment. Then Jayne commented back and suggested that I publish my response in a blog post, which is the reason we are all here today — all three of us.
This is what I wrote (slightly edited for flow):
I was just watching a report on Caterpillar Corporation. The Caterpillar CEO is threatening to move the company out of Illinois because the state raised the state income tax by 2 1/2%, which could cost the state 23,000 jobs.
Despite the fact that…
“Caterpillar’s Profits for 2010 $2.7 BILLION, An increase of 202% from 2009.”
And the CEO is complaining about paying more taxes. WTF? No problem. The middle class can pick up the slack. We’ll cut back on luxury items like vegetables and eat Ketchup instead. After all, Ketchup is another food group.
The teachers will also help reduce the corporate tax burden when they lose their jobs due to cut backs. Then the schools can pack the kids into classrooms like cattle. Because that’s all we are. Dumb cattle that follow our politicians and corporate overlords to slaughter.
What is wrong with this country? Corporations barely pay anything in taxes, aren’t taxed when they take their business overseas, and are allowed to hide their money in off shore bank accounts. No wonder the country is broke.
Warning: To my Republican friends, the following is an angry commentary on the Republican tax cuts. There’s still time to look away.
If the Republicans have their way, funding will be cut for programs such as meals on wheels, Planned Parenthood (they provide other medical services beside abortions), nutrition, Head Start, job training grants, and EPA regulations will be eliminated.
Me thinks the Republicans want to plunge the country into an even deeper recession to completely destroy the middle class in addition to Obama’s presidency.
Sadly, George Carlin was right. Corporations run the country. We’ll be going to the video tape shortly.
Life has changed forever. Employment has changed forever. The new reality is that folks have to survive on several part-time jobs with less pay and without benefits, which isn’t anything like friends with benefits.
How do you stop an enemy that not only produces the fabric of our society but sells the fabric, too? You don’t – 1984. Now I’m really depressed.
Now, to borrow Jayne’s words: Here’s a little bit about “The American Dream” from the genius of the late George Carlin. Recorded in 2005, it’s even more timely today…
What say you about all the bulk in corporate bank accounts?