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View Diary: We don't have a Deficit Problem -- We have a Revenue Problem (232 comments)

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  •  The gilded cage we live in. (6+ / 0-)

    As long as they keep throwing us shiny objects, it will distract the masses. HEY! that dog has a puffy tail! runs off

    •  Americans believe in their system of government... (6+ / 0-)

      which is why we believe our votes can make a difference.

      We are learning that they don't.  Money talks and bullshit walks.  (We are the ones doing the walking).

      Additionally, as Ninbyo astutely points out, America is home of the shiny object.  Did you see Lady Gaga's pod?  Is Lindsay Lohan in jail yet?  What's Snooky doing right now?  How about that new IPhone?  etc. etc. etc.

      "Dissent is the Highest form of Patriotism." Tommy J.

      by Dissentinator on Wed Feb 16, 2011 at 07:11:55 AM PST

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    •  Squirrel! (4+ / 0-)

      "The power of accurate observation is commonly called cynicism by those who have not got it." -- George Bernard Shaw

      by Inspector Javert on Wed Feb 16, 2011 at 07:46:06 AM PST

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      •  Goldman Sachs Paid 1% in 2008 (7+ / 0-)

        They paid their CEO three times what they paid in Federal Corporate Income Tax for that year.

        In 2008, Goldman Sachs, with 29 subsidiaries located in offshore tax havens, reported profits of over $2 billion and paid federal taxes of $14 million, an effective tax rate of just one percent, and less than one third what they paid their CEO Lloyd Blankfein ($42.9 million).
        In 2007, Citigroup had 427 tax haven subsidiaries, Morgan Stanley had 273, Bank of America had 115, the collapsed Lehman Brothers had 57, JP Morgan Chase had 50, Goldman Sachs had 29 and AIG had 18.2
        Eighty-three of the 100 largest publicly traded U.S. corporations operated with subsidiaries in the Cayman Islands, Bermuda, Switzerland, Luxembourg and other offshore tax havens in 2007, according to the latest report from the U.S. Government Accountability Office. These included oil companies, defense contractors, health insurers, pharmaceutical companies, and failed or bailed out banks.
        Sixty-three of the largest 100 federal contractors have at least one subsidiary in a tax haven country.4   Why should companies that game the tax system through offshore tax havens benefit from contracts financed by U.S. taxpayers?

        They say "Squirrel".

        I say (in the now famous response from  Brigadier General Anthony C. McAuliffe to the Nazi demand to surrender at Bastogne): "NUTS".  

        If health care is not basic necessity, try living without it.

        by Into The Woods on Wed Feb 16, 2011 at 10:37:42 AM PST

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