Friday, August 30, 2013

WHAT'S THAT SUCKING SOUND?

A VAMPIRE CALLED GOOGLE
Johann Wagener 8-30-13

Only in America would a tax dodger brag about ripping off their country and calling it just good old Capitalism.

Google avoided $2bn tax by funnelling profits through Bermunda - Telegraph

The American internet giant, whose company motto is “Don’t be Evil”, swept $9.8bn of revenues from international subsidiaries into Bermuda last year. The figure, which is equates to around 80pc of its total pre-tax profits, is nearly twice as big as it was three years ago, according to Bloomberg.

If a good old average American taxpayer were to take what's owed in taxes and ship it off to Bermuda they would find themselves being shipped off to jail and branded a tax dodger not praised as a patriotic capitalist. 

So, please, tell me how this works. How come it's different for the Scmidts (Google) of this world than it is for the rest of us poor working slobs? Oh! I think I know! I just remembered who wrote the tax code.

What responsible capitalism is all about

A choice between an "irresponsible capitalism" which sees huge gaps between the richest and the poorest, power concentrated in a few hands, and people are just in it for the fast buck whatever the consequences.
And a "responsible capitalism", and this is an agenda being led by business, where companies pursues profit but we also have a equal society, power is in the hands of the many and where we recognise our responsibilities to each other.