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(6,850 posts)
5. They followed the rules
Sun Apr 29, 2012, 09:52 AM
Apr 2012

Maybe gaming the system a little along the way? In addition to the 800 tax people GE has on staff****, presumably as tax law loop-hole-ologists*, modern American Corporations simply use their mega bucks to hire lobbyists and politicians to make the formerly illegal perfectly legal.

Yet another of the many benefits for corporations merging with the state. This is called fascism and it seems to be working out quite well for them.

-90% Jimmy

* a term coined by the great Keith Olbermann

*** FACT CHECK PLEASE. I read that factoid somewhere and it stuck with me. It came to light when it was revealed GE paid ZERO federal? taxes last year? So Obama appoints GE CEO Jeff Immelt to some jobs commission immediately thereafter? Nice. What do you expect from a Country where the Republican Presidential Candidate keeps his multi-million dollar fortune in the Cayman Islands. Couldn't that be framed as just a wee bit UNPATRIOTIC?

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