Thursday, May 12, 2011

US, PA, not broke - just haven't collected the taxes

Large corporations are making record profits, paying out huge bonuses, and not paying any taxes. Many are getting gifts of taxpayer funds. Many were completely bailed out by the taxpayer and should not even be in business. Conservatives say that it's OK to have the Corporations on welfare because they provide jobs, and if they had to pay taxes they would pass-through that expense in prices. That is not true. Prices are set by the market, not by the amount of expenses. If a company cannot pay for the civil society sea in which it swims, then its business plan is unsustainable and it should drown.

If you would like to do something about this:

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