We don’t give a fuck about you. That message is sponsored and paid for by U.S. corporations — no matter the utterly phony bullshit use of American flags or homey cultural images that you might see in advertising. They just do not care.
That analysis is pretty clear thanks to the radical left wing rag, The Wall Street Journal:
U.S. companies are making record profits. And more of the money is staying offshore, and lightly taxed.
A Wall Street Journal analysis of 60 big U.S. companies found that, together, they parked a total of $166 billion offshore last year. That shielded more than 40% of their annual profits from U.S. taxes, though it left the money off-limits for paying dividends, buying back shares or making investments in the U.S. The 60 companies were chosen for the analysis because each of them had held at least $5 billion offshore in 2011.
And:
Within the group of 60 companies, the Journal found 10 that parked more earnings offshore last year than they generated for their bottom lines. They include Abbott Laboratories, whose store of untaxed overseas earnings rose by $8.1 billion, to $40 billion. The increase exceeded the pharmaceutical maker’s net income of $6 billion, which was weighed down by a $1.4 billion charge related to early repayment of debt. Including that charge, Abbott reported a pretax loss on its U.S. operations.
See, here’s the game. These leeches pay people crap wages everywhere, sell people products, pocket the profits, park the profits overseas, and, then, they whine and scream about the alleged high tax rates in the U.S. — even though corporate tax rates here are actually quite low compared to other industrialized countries — and demand a tax holiday, and promise to use the money they “repatriate” to create new jobs, at the crap wages they pay (and the whole repatriation argument is a scam.)
All the while CEO par and benefits rises.
This is robbery. But, they really don’t care. It’s a big fuck-you to every American. A big fuck-you enabled by the corrupt political system that allows the buying of politicians via campaign contributions, which, in turn, buys the tax laws that enable the…big fuck-you.
