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Fascism lives on in Picayune!...,
2004-04-04 01:59:54
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they call this sovereignty?...,
2004-04-05 14:09:03
ones to talk:
The latest issue of the Economist suggests that "the anti-globalisation movement has lent ideas to capitalism—at the mushier end of corporate social responsibility, for instance, where fear and conscience meet to try to placate the mob", by way of underhanded insults it's somewhat amusing, as there can be no "mushier end" of something that doesn't exist. For instance:
Using data collected by the Internal Revenue Service, the auditors found that 71 percent of foreign corporations paid no federal income tax. During the same time, 61 percent of American corporations paid no income tax. Among the largest corporations, American businesses were more likely to avoid taxation than foreign businesses. The study was done by the General Accounting Office, the investigative arm of Congress.
Investigators also looked at companies that paid less than 5 percent of their total income in tax. In 2000, the most recent year for which data was available, an estimated 94 percent of American corporations and 89 percent of foreign corporations paid less than 5 percent of their total incomes in taxes.
On the other hand I do relish watching the Economist disparage anti-globs for being unorganized after watching the capitalist trade conferences of the past year discombobulate, one after another. See, the fragile alliance between third world elites and what is deliciously called the "industrialized world" has broken down. No FTAA to speak of, Cancun round down in flames, an apathetic and protectionist Whitehouse, etc.. As a mouthpiece for global anti-capitalism the royal we here at FTR have got our royal knickers off and are ready for the weekend.
But hey, check out those corporate profits, makes you wonder if they're even paying people anymore. Who's that engaging in class warfare again?
:: posted by buermann @ 2004-04-05 12:39:22 CST |
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