Monday, December 16, 2013

http://www.alternet.org/media/7-rip-offs-corporations-and-wealthy-dont-want-you-know-about

Oligarchy, Plutocracy, whatever you want to call it...it  ain't right, and it's gotta change. Here's some clips from the article at alternet.org

http://www.alternet.org/media/7-rip-offs-corporations-and-wealthy-dont-want-you-know-about

1. Corporations Profit from Food Stamps
According to a JP Morgan  spokesman, the food stamp program "is a very important business to JP Morgan.
2. Crash the Economy, Get Your Money Back. Die with a Student Loan, Stay in Debt.
...banker-friendly "bankruptcy reform" has ensured that college graduates  keep their student loans till they die
3. Almost 70% of Corporations Are Not Required to Pay ANY Federal Taxes
The Wall Street Journal states, "The percentage of U.S. corporations organized as nontaxable businesses has grown from about 24% in 1986 to about 69% as of 2008, according to the latest-available Internal Revenue Service data.
4. Lotteries Pay for Corporate Tax Avoidance
Some astonishing facts reveal the extent of the problem. Low-income households spend anywhere from  five to nine percent of their earnings on lotteries. A Pennsylvania  survey found that nearly half of low-income residents planned to gamble at a newly-opened casino. America's gambling losses in 2007 were  nine times greater than just 25 years before.
5. The National Football League Pays No Federal Taxes
One of the most profitable organizations in America, with billions in tickets, TV rights, and merchandise sales, and with an NFL Commissioner who  earned more money than the CEOs of Wal-Mart, Coca-Cola, and AT&T, is considered a non-profit. It has a  tax-exempt status. 
A Harvard University urban planning study  determined that 70 percent of the capital cost of NFL stadiums has been provided by taxpayers, rather than by NFL owners.
6. Live on Park Avenue, Get a Farm Subsidy
A disturbing but fascinating  report called "Farm Subsidies and the Big Dogs" lists Washington, DC, Chicago, and New York City, in that order, as the worst offenders.
7. Profit Margin Magic: Turning a dollar into $100,000
Calculations by  DataGenetics reveal that the ink in a $16.99 cartridge comes to almost $3,400 per gallon.
...and... Companies buy public water at almost no cost, treat it in  unknown ways, and then sell it back to us at an exorbitant markup.




No comments:

Post a Comment