Amazon, And 56 0ther Corporations Took Your Tax Dollars

Discussion in 'Politics' started by skews13, Apr 20, 2019.

  1. skews13
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    skews13 Gold Member

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    That's right. Sixty profitable corporations paid no federal taxes in 2018, twice the number that typically paid nothing in the years before the 2017 tax breaks took effect. In fact, it's worse than that. Fifty-seven of these corporations demanded rebates from the government which means taxpayers like you and me paid them to exist. These are corporations on the dole. They claim to hate socialism if it means Medicare for All, but they sure as hell love socialism when it's welfare for them.

    Another ill effect is that government debt balloons. The U.S. Treasury Department reported that the deficit rose $113 billion or 17 percent in the first year of the tax cuts, the largest one-year increase since 2009, which was during the worst of the Great Recession. That black hole is projected to occur every year the tax cuts remain in effect.

    Republicans take those deficit figures -- deficits they created by cutting taxes -- and use them to demand offsetting spending cuts that is cuts to Social Security, cuts to Medicare and Medicaid, cuts to food stamps and school lunch programs, cuts to programs that are precious to workers and the poor.

    The deficits grow like this: Amazon, the online marketplace, made nearly $11 billion last year and instead of paying the current, low 21-percent corporate tax rate on that income, it demanded that taxpayers give it $129 million. Which they did. It wasn't a rebate since Amazon paid no taxes. It was a big fat, gift withdrawn involuntarily from workers' pockets, wrapped in a fuzzy, flocked Amazon smiley bag, and deposited directly into corporate coffers. This is perverse wealth transfer, from the poor and middle class to the rich and corporations.

    Amazon -- and 56 Other Corporations -- Took Your Tax Dollars

    Full trickle.
     
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  2. Weatherman2020
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    Weatherman2020 Diamond Member

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    Cool.
     
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  3. Norman
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    Norman Gold Member

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    This lie again?

    Maybe try butthurt cream instead?
     
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  4. SobieskiSavedEurope
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    SobieskiSavedEurope Gold Member

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    LOL, Amazon has cut the throats of a ton of Ma & Pa, businesses, and other corner stores, including corporate ones.

    This has directly cut out a ton of jobs, consolidated into Amazons hands who in return hire far less than all these businesses would.

    Why is this a good thing, exactly?

    Oh, Bezos doesn't have enough money, boo hoo hoo.

    How about Bezos pays for that wall?
     
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  5. Golfing Gator
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    Golfing Gator Platinum Member

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    If you cannot compete, you go out of business...that is the free market.

    People whined about WalMart and Home Deopt/Lowes doing the same thing.
     
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  6. SobieskiSavedEurope
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    SobieskiSavedEurope Gold Member

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    It's no wonder why America's real wages are in decline, despite a spike in productivity.

    It's not bad enough that Illegals, H2B visa people cut down wages at home, and outsourced abroad. (All by Capitalism)

    Now we have Internet corporations like Amazon cutting out cashiers, clerks, stock boys, etc. etc.

    No wonder our nation stumbles.
     
  7. Weatherman2020
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    Weatherman2020 Diamond Member

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    Home Depot closed a lot of mom and pop hardware stores too.

    You know how Hone Depot started?

    Some guys who just got fired from work got together and opened a hardware store.

    Again, Capitalism. They are all billionaires now.

    And per one of the founders, government regulations prevent their success story from being repeated.
     
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  8. Marion Morrison
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    Marion Morrison Diamond Member

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    They should pay taxes like everyone else.
     
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  9. aaronleland
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    aaronleland Gold Member

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    Cool. I hope they spend it all on bitches and coke.
     
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  10. Marion Morrison
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    Marion Morrison Diamond Member

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    or hookers and blow.
     
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