I always appreciate reader comments, especially when they throw a new light, or a different view on something I've published. I was amazed when I looked up the news reference she cited! Here is her comment, copied exactly.
So, thanks to Joyce at http://joycelansky.blogspot.com
The ultra-wealthy have used their money and influence to elect politicians who have taken away regulations on businesses and provided multiple loop holes so that companies are not paying their fair share of taxes. The result of this practice has been an extremely lopsided wealth distribution where the rich get richer while the middle class is shrinking. If the rich don't start paying their fair share of taxes, I'm afraid we will snow ball into another Great Depression. Ironically, the first one resulted from Presidents Harding and Coolidge allowing businesses free reign to do what they wanted, just like now.
General Electric made $14.2 billion in profits in 2010, but paid NO taxes because the bulk of those profits, some $9 billion, were offshore. In fact, GE got a $3.2 billion tax benefit.(1) Multiple economists have said that the way out of this mess is to stimulate jobs while taxing the rich. However, the Republican Congress refuses to do anything to fix the problem because they have been bought out by the wealthy and cater to their whims. Furthermore, Republicans don't want to do anything to fix the economy because that could mean re-election for Obama, and politics have become more important than the benefit of the people. This sounds like TREASON to me!
Yes! Be careful who you vote for in 2012.
(1) http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=13224558#.Tr9HUvI8eBo
So, thanks to Joyce at http://joycelansky.blogspot.com
The ultra-wealthy have used their money and influence to elect politicians who have taken away regulations on businesses and provided multiple loop holes so that companies are not paying their fair share of taxes. The result of this practice has been an extremely lopsided wealth distribution where the rich get richer while the middle class is shrinking. If the rich don't start paying their fair share of taxes, I'm afraid we will snow ball into another Great Depression. Ironically, the first one resulted from Presidents Harding and Coolidge allowing businesses free reign to do what they wanted, just like now.
General Electric made $14.2 billion in profits in 2010, but paid NO taxes because the bulk of those profits, some $9 billion, were offshore. In fact, GE got a $3.2 billion tax benefit.(1) Multiple economists have said that the way out of this mess is to stimulate jobs while taxing the rich. However, the Republican Congress refuses to do anything to fix the problem because they have been bought out by the wealthy and cater to their whims. Furthermore, Republicans don't want to do anything to fix the economy because that could mean re-election for Obama, and politics have become more important than the benefit of the people. This sounds like TREASON to me!
Yes! Be careful who you vote for in 2012.
(1) http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=13224558#.Tr9HUvI8eBo
