Showing posts with label Corporate Profits. Show all posts
Showing posts with label Corporate Profits. Show all posts

Monday, May 13, 2013

Ayn Rand USA: In 20 Years Corporate Profits Are Up 4X and Their Taxes Have Fallen by 50% -- Meanwhile the Workers' Payroll Tax Has Doubled | Alternet

Ayn Rand USA: In 20 Years Corporate Profits Are Up 4X and Their Taxes Have Fallen by 50% -- Meanwhile the Workers' Payroll Tax Has Doubled | Alternet
"Ayn Rand's philosophy suggests that average working people are 'takers.' In reality, those in the best position to make money take all they can get, with no scruples about their working class victims, because  taking, in the minds of the rich, serves as a model for success. The strategy involves tax avoidance, in numerous forms."

Sunday, May 5, 2013

Big Oil's (Taxpayer Subsidized) Big Profits | Common Dreams

Big Oil's (Taxpayer Subsidized) Big Profits | Common Dreams
"The revenue lost from giving favorable tax treatment to companies that continually post record profits could more than pay for the safety net programs. But, we live in a political reality where the priorities of the affluent dominate priorities and policy making. And so, the result is that Washington throws money at oil companies, pays for their misdeeds, and leaves struggling households to fend for themselves."

Thursday, May 2, 2013

Big Oil Profits—and Tax Breaks—Remain High Despite Sequestration Cuts

Big Oil Profits—and Tax Breaks—Remain High Despite Sequestration Cuts: Despite the severe budget cuts facing many middle-class programs, the five biggest oil companies continue to rake in tens of billions of dollars in profits, while still receiving unnecessary and wasteful tax breaks. Middle-class families have gotten some relief at the pump this spring due to declining gasoline prices. AAA reported that U.S. drivers paid [...]/p

Monday, March 11, 2013

Awash In Record Profits, Corporations Shift Even More To Offshore Tax Havens

Awash In Record Profits, Corporations Shift Even More To Offshore Tax Havens: Even as American corporations are raking in record profits, the largest among them are shifting larger amounts of money away from the United States and into offshore tax havens that allow them to pad their bottom lines even more, according to multiple analyses of legal filings made since the beginning of 2013. The Wall Street [...]/p

Tuesday, March 5, 2013

Robert Scheer: Whiny Billionaires in Need of Sequestration - Truthdig

Robert Scheer: Whiny Billionaires in Need of Sequestration - Truthdig
"Where is the Occupy movement now that the depravity of the super rich is on full display? 
The suddenly increased national debt is primarily the result of a deep recession caused by the top bankers and hedge fund hustlers of Wall Street, saved from their folly by massive and costly federal intervention. The result has been a season of obscene profit for them, while the rest of the nation has floundered. But instead of making the rich pay, ordinary citizens will be visited with job furloughs and a savaging of public services that often are lifesaving."

Monday, March 4, 2013

"Golden Age for Corporate Profits" As Workers Get Whacked | Common Dreams

"Golden Age for Corporate Profits" As Workers Get Whacked | Common Dreams
"As across-the-board federal budget cuts go into effect and the "real pain" predicted by economists and policy experts begins to creep into the lives of everyday people—namely US workers—investors on Wall Street are saying: "bring it on"."

Corporate Profits Have Risen Almost 20 Times Faster Than Workers’ Incomes Since 2008

Corporate Profits Have Risen Almost 20 Times Faster Than Workers’ Incomes Since 2008: Corporate profits hit record highs in the second half of 2012, but that prosperity hasn’t led to the creation of jobs, since America’s biggest firms are sitting on stocks of cash instead of investing them back into the economy. At the same time, wages hit record lows, and corporate earnings are rising nearly 20 times [...]/p