#A letter to GE--who takes good things from life
5950 Dead, 1093 since 1/20/09
years old—and the local head of the atheists and free thinkers society.
You've all doubtless read about GE's outrageous tax avoidance policy. In
high dudgeon I sent this letter to Jeffrey Immelt, GE's head. It will
probably not reach him, shortcircuited by a caring secretary. But I found
relief in getting it off my chest. Earle Mullen
When I joined General Electric in 1952, the company had a slogan that
said the company would conduct its business in the balanced best
interests of its customers, shareholders, employees, suppliers and the
public. The article in the NY Times titled ”GE's Strategies Let It Avoid
Taxes Altogether” shows that the company does not believe in serving the
third group any longer (and has not for a long time). That the company
can now shirk its responsibilities of good corporate citizenship by
strenuously avoiding its fair share of national taxes is a source of
profound disappointment to many ex-employees such as myself. Would that I
and my fellow pensioners could obtain an effective income tax rate of
7.4%! But then we do not have at our command a tax evasion staff of 975.
To maintain, as so many business executives do, that corporate taxation
rates are unfairly high in the competition with foreign rivals, is
illusory. For we all know that very few large corporations, GE certainly
amongst them, pay the nominal rates: your 7.4% is a far cry from the
maximum 35%. One suspects that no matter how low the maximum rate were to
be reduced, it would never be low enough to satisfy Mr Samuels and his
staff; their ICs doubtless depend, as befits a profit center, on
continual “Tax improvements”.
It was very noble of GE to contribute $30 million to New York City
schools but to have us accept it as solely an altruistic gesture
challenges our credulity. Likewise to have us believe that there was no
quid pro quo with Mr. Rangel on this matter strains rationality. There
may not have been explicit words passed on the subject, but there were
undoubtedly winks and nods that got the messages across.
It is particularly ironic that these strenuous tax avoidance efforts by
GE had their roots in President Reagan's overhaul of the tax system in
the mid-1980s. Who would have thought that the one-time GE spokesman
would have bitten the hand that fed him! Mr Samuels is correct in stating
that winning in markets outside the United States increases exports and
jobs – no quarrel with that - but the other side of that shiny coin is
that you pay your fair taxes on the profits derived therefrom.
In light of all of GE's muscular efforts to minimize its tax obligations,
it is laughable to read MsEisele's statement that “GE is committed to
acting with integrity in relation to our tax obligations...... and that
we have a responsibility to our shareholders to legally minimize our
costs”. The company must have a very elastic definition of integrity to
allow it to skirt its tax responsibilities in manners not available to
the rest of us citizens.
Yours very truly,
Earle B. Mullen
Dänk 666
wrote:
> The author of this letter to GE was written by a PhD in physics who is 86
> years old—and the local head of the atheists and free thinkers society.
>
> You've all doubtless read about GE's outrageous tax avoidance policy. In
I wonder where his outrage was when GE was paying Rachel Maddow's $2
million salary? It's very strange how leftards have suddenly
discovered that GE is a giant global corporation, but never noticed
this when it owned MSNBC, the official propaganda outlet of the U.S.
Democrap Party.
- - - - - - - -
http://bostonfinancialguide.com/barney-frank-ge-stock.html
"General Electric Co. rose the most in three months after U.S.
Representative Barney Frank said manufacturers that already own
finance businesses should be allowed to keep the units under revised
banking rules."
[Note: Barney Frank intervened to exempt GE Capital from new Treasury
regulations that would have required a spinoff that would have cost
investors up to $40 billion. By an amazing coincidence, Barney Frank
was one of the most vocal advocates for Obamacare, a cause championed
by MSNBC, to the point where it often resembled a paid infomercial
more than a "news" network.]
Ray Fischer
>On Mar 31, 7:11 am, "5950 Dead, 1093 since 1/20/09" <d...@gone.com>
>wrote:
>> The author of this letter to GE was written by a PhD in physics who is 86
>> years old—and the local head of the atheists and free thinkers society.
>>
>> You've all doubtless read about GE's outrageous tax avoidance policy. In
>> high dudgeon I sent this letter to Jeffrey Immelt, GE's head...
>
>I wonder where his outrage was when GE was paying Rachel Maddow's $2
>million salary?
The crazy wingnut screeches in outrage that enetertainers get paid a
lot. Not much compared to the CEO of GE, of course.
--
Ray Fischer | Mendacracy (n.) government by lying
rfis...@sonic.net | The new GOP ideal
NoBody
I just love it. It's Reagan's fault, a guy who's not been in office
for over 20 years. Meanwhile they whistle pass as the guy who's in
office *now* did nothing to change this. If it weren't for Dems and
libs, there'd be no hypocrites in the world....
Ray Fischer
The founding fathers aren't responsible for this democracy. They've
been dead for 200 years.
NoBody
Neither is the guy who's been out of office for over 20 years. The
fault of today's state is the current office holder.
Ray Fischer
Dumbass.
"And I'm just *sure* you posted condemning Rachel Maddow's remarks
about killing Buish...." whined Nobody in <7i1ri6lsfqj5qcj02...@4ax.com>
apparently trying to excuse the right-wing political assassination attempt that
killed six people.
NoBody
>NoBody <NoB...@nowhere.com> wrote:
>> rfis...@sonic.net (Ray Fischer) wrote:
>>>NoBody <NoB...@nowhere.com> wrote:
>
>>>>I just love it. It's Reagan's fault, a guy who's not been in office
>>>>for over 20 years.
>>>
>>>The founding fathers aren't responsible for this democracy. They've
>>>been dead for 200 years.
>>
>>Neither is the guy who's been out of office for over 20 years.
>
>Dumbass.
Irony anyone?
>
> "And I'm just *sure* you posted condemning Rachel Maddow's remarks
> about killing Buish...." whined Nobody in <7i1ri6lsfqj5qcj02...@4ax.com>
> apparently trying to excuse the right-wing political assassination attempt that
> killed six people.
You even lie in your taglines...sheesh....
And even more irony from ray-ray since the quotation from me doesn't
excuse anything and he lies in that there is no evidence the attack
was a "right-wing political assassination attempt".
"The US Supreme Court, by definition, is never wrong." (apparently
saying that the Dredd Scott Decision was correct -- watch him squirm
and twist folks...).
Ray Fischer in
http://groups.google.com/group/alt.fan.rush-limbaugh/msg/a64a6e42ee66e572?dmode=source
Ray Fischer
>On 05 Apr 2011 05:47:47 GMT, rfis...@sonic.net (Ray Fischer) wrote:
>
>>NoBody <NoB...@nowhere.com> wrote:
>>> rfis...@sonic.net (Ray Fischer) wrote:
>>>>NoBody <NoB...@nowhere.com> wrote:
>>
>>>>>I just love it. It's Reagan's fault, a guy who's not been in office
>>>>>for over 20 years.
>>>>
>>>>The founding fathers aren't responsible for this democracy. They've
>>>>been dead for 200 years.
>>>
>>>Neither is the guy who's been out of office for over 20 years.
>>
>>Dumbass.
>
>Irony anyone?
You're the dumbass who just agreeed that the founding fathers of this
country are not responsible for this democracy. That makes you
stupid, ignorant, and un-American.
NoBody
>NoBody <NoB...@nowhere.com> wrote:
>>On 05 Apr 2011 05:47:47 GMT, rfis...@sonic.net (Ray Fischer) wrote:
>>
>>>NoBody <NoB...@nowhere.com> wrote:
>>>> rfis...@sonic.net (Ray Fischer) wrote:
>>>>>NoBody <NoB...@nowhere.com> wrote:
>>>
>>>>>>I just love it. It's Reagan's fault, a guy who's not been in office
>>>>>>for over 20 years.
>>>>>
>>>>>The founding fathers aren't responsible for this democracy. They've
>>>>>been dead for 200 years.
>>>>
>>>>Neither is the guy who's been out of office for over 20 years.
>>>
>>>Dumbass.
>>
>>Irony anyone?
>
>You're the dumbass who just agreeed that the founding fathers of this
>country are not responsible for this democracy. That makes you
>stupid, ignorant, and un-American.
Really? Quote exactly where I said what you claim. It's not in the
above.