Friday, November 18, 2011

Energy Company Hijinx

Interesting Reuters article today. You’re paying taxes, so why aren’t energy companies?, by David Cay Johnston.

Not only are they not paying the taxes, the energy companies are getting the tax money from consumers, pocketing it and then getting a refund from Uncle Sam. Brilliant. The old capitalist's mantra: Privatize the profit and socialize the debt.

No comments:

Press faster or you'll burn in hell

Press faster or you'll burn in hell
© Bob Mankoff