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28/7/11

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“Could you imagine what the Tea Party would be saying right now if there was a law on the books that allowed immigrants to indefinitely avoid taxes on income sent back to family members in the old country, in Mexico and Venezuela and India? Imagine the uproar if Barack Obama, in the middle of this historic revenue crunch and “We’re so broke the world is going to end tomorrow!” debt-ceiling hystgeria, decided to declare a second “one-time tax holiday” for, say, unwed single mothers, or recipients of public assistance? Middle America would be running through the streets, firing shotguns out its truck window, waving chainsaws in mall lobbies, etc.

As it is, leading members of the Senate are seriously considering giving the most profitable companies in the world a total tax holiday as a reward for their last seven years of systematic tax avoidance. Hundreds of billions of potential tax dollars would disappear from the Treasury. And there isn’t a peep from anyone, anywhere, on this issue.

We’re seriously talking about defaulting on our debt, and cutting Medicare and Social Security, so that Google can keep paying its current 2.4 percent effective tax rate and GE, a company that received a $140 billion bailout en route to worldwide 2010 profits of $14 billion, can not only keep paying no taxes at all, but receive a $3.2 billion tax credit from the federal government. And nobody appears to give a shit. What the hell is wrong with people? Have we all lost our minds?”

Matt Taibbi, “Corporate Tax Holiday in Debt Ceiling Deal: Where’s the Uproar?”

Yeah, I just can’t anymore…

(via cognitivedissonance)

I know it’s not Your Local Professional Sports Team Winning/Losing The Championship but this deserves a street-riot, guise.

(via youlikemealready)

Someday people will stop letting corporations feast on their bones. Maybe.

(via karnythia)

Notes:

  1. seannet reblogged this from reasonedoverreaction
  2. reasonedoverreaction reblogged this from solitaryforager
  3. anindiscriminatecollection reblogged this from hairtrending
  4. bemsie reblogged this from themythsaredead
  5. blitzcomet reblogged this from femmenoire
  6. epistolaefeminae reblogged this from femmenoire and added:
    Wordy McWorderson…People, we’re defaulting on debt that already exists, not going into further debt…I can’t even...
  7. femmenoire reblogged this from neptunesnet
  8. neptunesnet reblogged this from thepersonalispolitic and added:
    “What the hell is wrong with people? Have we all lost our minds?” just about sums it up.
  9. themythsaredead reblogged this from thepersonalispolitic
  10. thepersonalispolitic reblogged this from kelly-thistle
  11. realitista reblogged this from solitaryforager
  12. thegermansmakegoodstuff reblogged this from waycoolhacky and added:
    The people who control these corporations also control: Our government The media Go back to bed, America.
  13. waycoolhacky reblogged this from truth-has-a-liberal-bias
  14. broadcastdepth reblogged this from qweerdo
  15. zosky reblogged this from robot-heart-politics
  16. lmarley reblogged this from karnythia
  17. marshlights reblogged this from desliz
  18. desliz reblogged this from darlingtonia-californica
  19. lotofgear reblogged this from loveyoutrick
  20. loveyoutrick reblogged this from cognitivedissonance
  21. darlingtonia-californica reblogged this from qweerdo
  22. powlsy reblogged this from karnythia
  23. qweerdo reblogged this from karnythia
  24. masteradept reblogged this from karnythia
  25. emandink reblogged this from karnythia
  26. karnythia reblogged this from youlikemealready
  27. youlikemealready reblogged this from dopegirlfresh and added:
    I know it’s not Your Local Professional Sports Team Winning/Losing The Championship but this deserves a street-riot,...
  28. gnomeplayground reblogged this from shellmybelle
  29. aquadragon reblogged this from of-praxis
  30. tokyounic0rn reblogged this from mellamancalle
  31. algae-diva reblogged this from queerandpresentdanger
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