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Plutocracy

"Socrates is a trusted commenter Verona NJ 4 hours ago"
Now that Greed Over People is back in crooked office getting ready to press its 0.1% boot down a little harder on the throats of 320 million Americans, I would like to see Mr. Kristof bulldog the Roman-Russian Republicans new efforts to feather the 0.1% gilded nests astarting on Jan 20 2017.

As soon as the first Republican lunatic - President, Senator, Congressman, Fake News anchor - parrots the Goebellian lie that American corporations pay the highest taxes in the world that need to be lowered, please publicly and repeatedly destroy them with facts.

From 2008 to 2013, General Electric's effective U.S. corporate income tax rate over this six year period was (negative) -9%, despite $34 billion in profits.

Boeing's and Verizon's tax rate was (negative) -2%, despite $26 and $42 billion in income.

In 2012, Bank of America stashed $17 billion in offshore tax havens to avoid paying US income taxes. B of A would have owed $4.3 billion in federal income taxes if its use of offshore tax avoidance strategies were outlawed.

Pfizer paid no federal income taxes from 2010 to 2012 AND received $2.2 billion in tax refunds from the IRS at the same time it made $43 billion in profits worldwide.

Most of these large American corporate tax deadbeats also have CEO's that want the eligibility age for Medicare and Social Security raised to 70 and want big cuts to Social Security as members of the sociopathic Business Roundtable.

America is under vicious 0.1%-corporate tax assault and battery.
- Socrates, Comment on Kristof's Lessons From the Media’s Failures in Its Year With Trump, NYT, Dec. 31, 2016


Before Mr. Volcker fell ill, he finished his memoir.... ...
“There is no force on earth that can stand up effectively, year after year, against the thousands of individuals and hundreds of millions of dollars in the Washington swamp aimed at influencing the legislative and electoral process,” he wrote in the book. ...
“The central issue is we’re developing into a plutocracy,” he told me. “We’ve got an enormous number of enormously rich people that have convinced themselves that they’re rich because they’re smart and constructive. And they don’t like government, and they don’t like to pay taxes.”
- Andrew Ross Sorkin, Paul Volcker, at 91, Sees ‘a Hell of a Mess in Every Direction’, NYT, Oct. 23, 2018



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