I get annoyed any time some pundit trots out the statistic that the corporate tax rate in the US is higher than most countries. The actual tax rate is not very meaningful when there are plenty of ways to shelter corporate income from taxes. Indeed, the US has one of the lowest effective tax rates […]
When a corporation cheats each of their customers out of a small amount of money, it generally isn’t worth it for an individual to sue them. Consider the California couple who objected to a questionable $30 charge on their cellphone bill. This problem is exactly why class-action lawsuits were invented. By banding together, disgruntled consumers […]
Having a problem forming a Political Action Committee (PAC)? There is another approach you can try — It’s called a SuperPAC. Learn all about it from Stephen Colbert:
© Jeff Danziger General Electric had profits of over $14 billion in 2010 and yet paid no taxes. In fact, they received a tax benefit of $3.2 billion. Now that’s corporate welfare! How does GE do it? By hiring former treasury officials to work in their tax department, and by aggressive lobbying to get tax […]
Glenn Greenwald has a disturbing report concerning WikiLeaks, Bank of America, and the merger of corporate and government power in this country. I’m loathe to use the overused word “fascism” but the textbook definition of that particular f-word is the alignment of the government and economy of a country around corporatist interests. Just in case […]
Fifty years ago, Dwight D Eisenhower warned America about the growing power of “the military-industrial complex”. His words were unfortunately prophetic: Until the latest of our world conflicts, the United States had no armaments industry. American makers of plowshares could, with time and as required, make swords as well. But now we can no longer […]
Author Douglas Rushkoff has an interesting take on the current Facebook phenomenon, which he likens to a bubble in our increasingly short attention span world, where we can’t even remember what happened to MySpace, or AOL, or a host of other flavor of the moment companies. But as usual, I’ll leave the last word to […]
© Tom Toles Aren’t you glad Santa is not run by a corporation? Oh wait!
Frank Rich has a fantastic rant in the NY Times about how our government is completely controlled by big money, “the big money that dominates our political system, regardless of who’s in power.” And the situation is getting worse, not better. Ever wonder why our government is so screwed up? Go read it, now. In […]
The NY Times has a fascinating article about an internet entrepreneur who sell eyeglasses on the web. Vitaly Borker found — almost by accident — that on the web negative publicity works better than good publicity. The more he abuses his customers, threatening them and calling them names, the more they complain to consumer websites, […]
On October 20th, just a few days away, 60 year old brothers Laird and Robin Monahan end their 3000 mile walk across the US to support a constitutional amendment to abolish corporate personhood. This is the defining issue of our time. A time when we, as a nation, revisit the tyranny that sparked the first […]
If there was ever any doubt who the Tea Party is fighting for, it isn’t you. Yes, I know, they pretend that they are fighting for regular American people, but I guess they were confused by the recent Supreme Court ruling, because is seems like the “people” they are fighting for aren’t actual people, they […]
Now that the Citizen’s United decision opened up the floodgates so corporate money can be poured into political campaigns, Democrats have been trying to require that political ads disclose their funding sources, but they have been blocked by Republican filibusters. © Joel Pett
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