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hfojvt

(37,573 posts)

61. I am surpised

Tue Apr 1, 2014, 11:13 AM

Apr 2014

and it is NOT capitalism. It is not the way it has always been.

Even Ronald Reagan, according to a column by Mark Shields. One I can no longer find on the internet. Shields told a story about President Reagan being informed that a whole bunch of profitable corporations were NOT paying taxes. And Reagan, to his credit, reacted like an ordinary American would - he was FURIOUS.

And thus he promoted the tax reform of 1986, to close those loopholes.

Although that same reform reduced the top personal rate down to just 28% and also increased the bottom rate.

But somehow, some time, the Republican Party got even WORSE than Reagan, because today's Republicans, rather than being outraged about corporations that don't pay taxes, instead they will fight to the death to make sure those corporations keep their tax exemptions.

Supposedly that has not always been true.

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Is anyone really surprised by this? Really, anyone? [View all] Lady Freedom Returns Mar 2014 OP

That's capitalism, you know. Curmudgeoness Mar 2014 #1

Capitalism AKA Corporate Welfare! n/t RKP5637 Mar 2014 #26

I am surpised hfojvt Apr 2014 #61

I still say that it is capitalism. Curmudgeoness Apr 2014 #62

actually that is NOT true either, as Schumpeter points out hfojvt Apr 2014 #64

Maybe I am stuck with visions of Sinclair's The Jungle. Curmudgeoness Apr 2014 #65

Bribery doesn't cost The Wizard Mar 2014 #2

Nope, not one bit nadinbrzezinski Mar 2014 #3

And Duke Energy is a person under the law, entitled to freedom of speech and of religion Glorfindel Mar 2014 #4

If Duke is a person . . . Jack Rabbit Mar 2014 #8

Sounds good to me! Glorfindel Mar 2014 #12

Therefore, an arrest warrant should go out to Duke Energy, directors and the executive echelon. It's RKP5637 Mar 2014 #27

It's going to be interesting to watch the male Supremes twist themselves in knots on the HL case. CrispyQ Mar 2014 #37

Not as bad as Welfare Moms! Whisp Mar 2014 #5

I'm shocked, I tell you. Treant Mar 2014 #6

Freedumb works. GeorgeGist Mar 2014 #7

I wish dumb were free, but it just keeps getting more expensive. QuestForSense Mar 2014 #22

where's the outcry from the right? Terra Alta Mar 2014 #9

not surprised. BlancheSplanchnik Mar 2014 #10

And, on top of that... GoCubsGo Mar 2014 #11

I think I feel, no I need to go! AAO Mar 2014 #13

Who Spilled The Coal Ash? Dirty Socialist Mar 2014 #14

And will we do anything about it? stuntcat Mar 2014 #15

And a lot of people in North Carolina support and defend their right to do so you betcha *wink*! NBachers Mar 2014 #16

I had to spend Thanksgiving with a N Carolinian who was upset about part of the outer banks being .. stuntcat Mar 2014 #21

wow...nt Jesus Malverde Mar 2014 #17

Savvy! blkmusclmachine Mar 2014 #18

Yeah but what about that surfer dude using food stamps to buy seafood? ZX86 Mar 2014 #19

Exactly. ctsnowman Mar 2014 #36

Instead of taxing corporations to help balance the budget... Auntie Bush Mar 2014 #20

EXACTLY Thinkingabout Mar 2014 #56

Why don't our fearless leaders in the Senate have hearings on this type of shit? Elwood P Dowd Mar 2014 #23

What do you have against job creators? Doctor_J Mar 2014 #24

It's what they teach in business school. laundry_queen Mar 2014 #25

Corporations are the real criminals in society. Initech Mar 2014 #28

Duke Energy, doing their part to destroy our earth as much as any mountain grammy Mar 2014 #29

Aren't they a subsidiary of PG&E? Sickening either way. eom dotymed Mar 2014 #39

No, they are not a subsidiary of PG&E. Duke energy is 50% nuclear. NYC_SKP Mar 2014 #42

Really Skip? dotymed Mar 2014 #47

I dunno, the PG&E I know is in Northern and Central California. NYC_SKP Mar 2014 #48

I got interested and googled it. dotymed Mar 2014 #50

Share your links, please. I'd be interested to see what you found, I found nothing like that. NYC_SKP Mar 2014 #54

Here you go SKP. dotymed Apr 2014 #59

Nope. None of those indicate PG&E presence in Ohio. NYC_SKP Apr 2014 #60

The address indicates (shows) the PG&E location dotymed Apr 2014 #63

The thing is though there are lights on in our houses treestar Mar 2014 #53

Customers without an affordable option.. I don't get your point. mountain grammy Mar 2014 #57

They are destroying the earth but so do we treestar Mar 2014 #58

It looks like that is factually untrue bhikkhu Mar 2014 #30

Thanks for posting this. smiley Mar 2014 #35

It also would be different questions regarding their violation of EPA regulations/laws treestar Mar 2014 #55

Duke energy should be seized by the government because of their environmental damage. Enthusiast Mar 2014 #31

Nope, not in the least. cntrygrl Mar 2014 #32

K and R (nt) bigwillq Mar 2014 #33

That's fascism for ya. DeSwiss Mar 2014 #34

. David2775 Mar 2014 #38

Blame congress. Don't blame a business for staying competitive. (not that you are) NYC_SKP Mar 2014 #40

They're job creators! IronLionZion Mar 2014 #41

oh Al capone would be like super rich PatrynXX Mar 2014 #43

Taxes are for the little people. nt NorthCarolina Mar 2014 #44

Isn't that the truth! mdbl Mar 2014 #45

K&R Bobbie Jo Mar 2014 #46

It's good old fashioned Republicon Socialism Berlum Mar 2014 #49

what! gambling in Casablanca? I am shocked I tell you shocked lostincalifornia Mar 2014 #51

What were the subsidies for? treestar Mar 2014 #52

Nationalize Big Energy Octafish Apr 2014 #66