- June 27, 2012 - 17:14
This is a consequence of FIAT currency, Fractional Reserve Banking and Compound Interest. Unfortunately, most of us still believe the crap we're spoonfed from the news and our politicians about derivatives, and europe and oil and terrorists so no one actually asks the simple question of, "what is money?". I have physical possession of pure gold... do you?
- off the hook
- June 27, 2012 - 08:25
Excellent article. There was a time when corporate tax rates were much higher and government could afford to provide quality services to the public. Over the past fifty years corporate tax rates declined to a fraction of where they once were. Now governments are telling us that we can no longer afford a prosperous civil society and we have to accept the “new reality.” If these companies can afford this kind of "largesse," then can afford to pay for all this advertising they can afford to pay their share of taxes.
- June 27, 2012 - 12:42
It isn't largesse; it's a tax-deductable advertising expense. Largesse implies generosity.