It's worse then you think if you are measuring this way.. http://articles.latimes.com/2007/apr/28/business/fi-mozilo28
On Thu, Aug 21, 2008 at 11:04 AM, Tom Piwowar <[EMAIL PROTECTED]> wrote: > >All corporate income comes from the customer base (read "the rest of > >us"), we pay all taxes, directly or indirectly. Corporations have two > >choices over the long term - pass on all costs to their customers, and > >taxation is a cost, or loose money until the capital investment is > >gone and then cease business. > > You miss the cause of the problem. In recent years a very small segment > of the population has been skimming off $Billions of corporate profits. > In effect the profits that would have been taxed to provide for the > common good have been diverted into private hands. > > - The disgraced CEO of Countrywide financial paid himself $48M in 2006. > - Ditto Bear Stearns $40M. > - CVS drugstores $26M > - Exxon Mobile $27M > - AT&T $25M > - Verizon $26M > - Qwest $18M > > etc. etc. > > But I guess that is okay if you are one of those be considers $5M/yr to > be a middle-class income. > > > ************************************************************************* > ** List info, subscription management, list rules, archives, privacy ** > ** policy, calmness, a member map, and more at http://www.cguys.org/ ** > ************************************************************************* > ************************************************************************* ** List info, subscription management, list rules, archives, privacy ** ** policy, calmness, a member map, and more at http://www.cguys.org/ ** *************************************************************************
