Today’s must read article is a NYT piece about the amazing non-profit tax-paying entity known as GE.

Yet another reason why you don’t bailout companies whose inability to manage risk allowed themselves to become destroyed: They not only do not deserve to continue with the same management/shareholders/creditors who all created the insolvency in the first place, but they are ungrateful bastards as well.


click for larger graphic:


G.E.’s Strategies Let It Avoid Taxes Altogether
NYT, March 24, 2011

Category: Bailouts, Earnings, Taxes and Policy

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

40 Responses to “GE: All Profit, No Taxes”