Working Life

The corporate thieves running U.S.-based corporations are just counting the days until Carl Levin heads off to retirement at the end of this term. It was Levin, you may recall, who looked at Goldman Sachs and saw “a financial snake pit rife with greed, conflicts of interest, and wrongdoing”. And he isn’t letting go: he’s now moving to try to close a loophole that will put billions of dollars in taxable corporate profits into offshore accounts, a scam that robs the people of revenue.

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Big money. Two trillion dollars. If you could touch it, it would reach…oh, I dunno, I’m not going to tell you how high that stack would go and, actually, the point is, you can’t touch it: it’s stashed overseas. In corporate bank accounts. But, here’s the beauty: if you want to know what it feels when the Fortune 500 fleece the country to the tune of $550 billion in dodged taxes on that $2 trillion hiding in foreign bank accounts, just pull out your billfold…empty…well, that’s cuz the tab for that fleecing is on YOU.

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We don’t give a fuck about you. That message is sponsored and paid for by U.S. corporations — no matter the utterly phony and bullshit use of American flags or homey cultural images that you might see in advertising. They just do not care.

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If Jeffrey Immelt, the White House’s just-appointed head of the President’s Council on Jobs and Competitiveness, has anything to say about corporate taxes, you can bet the message will be simple: corporations should pay lower taxes. How do we know that? Because in his job, as CEO of General Electric, he excelled at fleecing the […]

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