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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIf you want to be inspired to join a new French revolution, take a look at this:
Tom Perkins' big idea: The rich should get more votes
By Charles Riley @CRrileyCNN February 14, 2014: 8:22 AM ET
"The Tom Perkins system is: You don't get to vote unless you pay a dollar of taxes," Perkins said.
"But what I really think is, it should be like a corporation. You pay a million dollars in taxes, you get a million votes. How's that?"
The audience at the Commonwealth Club reacted with laughter. But Perkins offered no immediate indication that he was joking. Asked offstage if the proposal was serious, Perkins said: "I intended to be outrageous, and it was."
Perkins seemed to be aware that he was courting controversy, saying that his voting proposal would "make you more angry than my letter to the Wall Street Journal."
http://money.cnn.com/2014/02/14/investing/tom-perkins-vote/index.html?hpt=hp_t2
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If you want to be inspired to join a new French revolution, take a look at this: (Original Post)
kpete
Feb 2014
OP
el_bryanto
(11,804 posts)1. Do we have to have that bit in the middle where we go crazy and start executing everything in sight?
If not than sign me up.
Oh - and no Napoleon at the end, right?
Bryant
onehandle
(51,122 posts)2. I'm in.
1789. Redux.
This time, with less delicacy.
Response to kpete (Original post)
Name removed Message auto-removed
Blue_Tires
(55,445 posts)4. The funny part is that system he proposes is practically in place already
thank you, citizens united and everyone who defended it
reformist2
(9,841 posts)5. The reign of the rich is nearing an end, I think.
jsr
(7,712 posts)6. Corporations pay taxes?
http://voices.suntimes.com/early-and-often/sweet/ten-giant-us-companies-avoidin/
1) Exxon Mobil made $19 billion in profits in 2009. Exxon not only paid no federal income taxes, it actually received a $156 million rebate from the IRS, according to its SEC filings.
2) Bank of America received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of nearly $1 trillion.
3) Over the past five years, while General Electric made $26 billion in profits in the United States, it received a $4.1 billion refund from the IRS.
4) Chevron received a $19 million refund from the IRS last year after it made $10 billion in profits in 2009.
5) Boeing, which received a $30 billion contract from the Pentagon to build 179 airborne tankers, got a $124 million refund from the IRS last year.
6) Valero Energy, the 25th largest company in America with $68 billion in sales last year received a $157 million tax refund check from the IRS and, over the past three years, it received a $134 million tax break from the oil and gas manufacturing tax deduction.
7) Goldman Sachs in 2008 only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion and received an almost $800 billion from the Federal Reserve and U.S. Treasury Department.
8) Citigroup last year made more than $4 billion in profits but paid no federal income taxes. It received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury.
9) ConocoPhillips, the fifth largest oil company in the United States, made $16 billion in profits from 2007 through 2009, but received $451 million in tax breaks through the oil and gas manufacturing deduction.
10) Over the past five years, Carnival Cruise Lines made more than $11 billion in profits, but its federal income tax rate during those years was just 1.1 percent.
1) Exxon Mobil made $19 billion in profits in 2009. Exxon not only paid no federal income taxes, it actually received a $156 million rebate from the IRS, according to its SEC filings.
2) Bank of America received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of nearly $1 trillion.
3) Over the past five years, while General Electric made $26 billion in profits in the United States, it received a $4.1 billion refund from the IRS.
4) Chevron received a $19 million refund from the IRS last year after it made $10 billion in profits in 2009.
5) Boeing, which received a $30 billion contract from the Pentagon to build 179 airborne tankers, got a $124 million refund from the IRS last year.
6) Valero Energy, the 25th largest company in America with $68 billion in sales last year received a $157 million tax refund check from the IRS and, over the past three years, it received a $134 million tax break from the oil and gas manufacturing tax deduction.
7) Goldman Sachs in 2008 only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion and received an almost $800 billion from the Federal Reserve and U.S. Treasury Department.
8) Citigroup last year made more than $4 billion in profits but paid no federal income taxes. It received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury.
9) ConocoPhillips, the fifth largest oil company in the United States, made $16 billion in profits from 2007 through 2009, but received $451 million in tax breaks through the oil and gas manufacturing deduction.
10) Over the past five years, Carnival Cruise Lines made more than $11 billion in profits, but its federal income tax rate during those years was just 1.1 percent.