Quote:
Originally Posted by crockett
Of course there are govt leeches.. just like there are corporate leeches that also milk the govt tit.
I'll give you an example..
General Electric. In 2010, GE earned a whopping $14.2 billion in profits - yet did not pay a dime in U.S. corporate taxes. Not only did they not pay any taxes they received $3.2 billion in govt incentives.
Now lets talk big Oil.. When you combine state & federal subsidies this industry rakes in roughly $133.8 billion to $280.8 billion a year of tax payer dollars in subsidies. Now this is of course the entire industry as a whole, but just the three top oil companies made $80 billion profits last year. (that's about 200 million a day)
A interesting article from the NY Times about how these companies get out of paying taxes and essentially leech/abuse the system.. (humm sound familiar?)
http://www.nytimes.com/2010/07/04/bu...tax.html?_r=3&
I guess it's ok for rich white CEOs & and their cronies to milk the govt tit, but not poor white trash rednecks & black hooligans. As long as you wear a suit and tie while you steal tax payer money it's all good. |
I never said it was okay for rich white CEO's to milk off the govt tit. I think that needs to be stopped as well. Hell, Mitt Romney got a government bailout a few years ago and now he is railing against them.
There needs to be a reform of corporate welfare as well. Look at Ford. When the car companies went before congress looking for money Ford was right there begging for a handout. When congress finally told them what they would have to do in order to get the money Ford decided they had enough money to fun their own turn around so they declined the offer. That means they had enough money for this all along, but still came looking for a free handout.
It all annoys me.