Sunday, 6 November 2011


          You don't need to look too far or dig too deep to find evidence that this system is ripping-off the ordinary citizen and feeding the wealthy parasites. In every developed capitalist country the system works the same, we the ordinary pay our taxes and have no alternative, while the large corporartions sail through a system that is loaded in their favour, evading taxes and getting subsidies to the tune of billions. It is becoming so blatant that it is impossible to keep up the illusion that we live in a "democracy". The following is from Care2.

My company couldn't afford to pay any taxes this year.

The study looks at 280 of America’s largest companies, all of them on the Fortune 500 list. These are high-profit corporations so it would be reasonable to expect them to be fair contributors to the system that allows them to operate. After all, they benefit from roads, schools, hospitals, parks and other amenities and services tax dollars provide.
As it turns out, between 2008 and 2010, 78 of them avoided paying any taxes at all. That is only one way these corporations raided the futures of millions of their fellow Americans. Robert McIntyre, Director at Citizens for Tax Justice and lead author on the report, says, “These 280 corporations received a total of nearly $223 billion in tax subsidies. This is wasted money that could have gone to protect Medicare, create jobs and cut the deficit.”
Continue READING.
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