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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Bearcatbob who wrote (156913)9/12/2011 10:50:33 PM
From: microhoogle!1 Recommendation   of 206159
 
Bearcatbob,

You can also duck all your losses. All you have to do is pay off a whole bunch of Representatives and Senators.

http://blogs.law.harvard.edu/philg/2011/03/25/ge-pays-no-income-tax-implies-that-the-corporate-tax-system-needs-reform/
Given that our politicians are more or less openly for sale, I don’t see how a company with more than $100 billion in annual revenue can be denied the laws that it wants, particularly if those laws are obscure and hard for the general public to understand. Is it reasonable to believe that somehow the laws will be adjusted so that small companies, without the resources to purchase Representatives and Senators, or even attend $5,000 per person dinners, pay less while GE pays more?

Wouldn’t it make more sense to scrap the corporate income tax (which a lot of economists have never liked) and replace it with something less susceptible to lobbying by the largest companies?
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