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Does not matter who gets in- Big Corporations operate under their own rules- tolerating government and not hiring anyone.
Big five Oil companies. projected profits this year 100 Billion. In 2010 big 5 had 11,400 less employees than in 2005. Actually will produce 5% less oil in 2012 Have 75 billion in cash that is not being invested in workers or production. Have not built a major refinery in the US in 40 years, decide to take down most major refineries for maintenance every spring just before driving season to jack up prices. 2.5 billion in tax breaks for intangible drilling costs. 25% of Profits used to buy back stock and compensation to executives. Pay small percentage of income taxes.
Congress does not have the courage to enact a flat tax and eliminate transfer price rules that allow multinational corporations to keep profits overseas. You do not want to know about what Apple does to almost eliminate their taxes.
It sucks that the regular guys get hosed and the Corporations and oil in particular are getting the corporate entitlements.
Who and what is going to change this?
don't get me wrong - I am all for capitalism. I am not a nut. But stuff like this is a rip off.
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