Deficit Facts 101 — Tax Big Corporations

Our Government spent over $10B per day ($3.82T total) in 2011 for 365 days. About 207 days ($2.17 T) were paid for by tax income, and 158 days ($1.65T) were paid for by deficit borrowing or printing money. Don’t be conned by political rhetoric, media sound bites, and negative ads — know the facts!! http://ow.ly/8SPog

Let’s tax big corporations to cover the deficit. Would you like to see any of the following implemented?

  1. Let’s take all profits totaling $34B from ExxonMobil & Wal-Mart, our two largest corporations. This would pay for 3.4 deficit days —a drop in the bucket!
  2. Let’s take all profits from ALL Fortune 500 companies totaling $357B. This would pay for 35.7 deficit days — still 122 deficit days short!
  3. Let’s take away profits from all corporations, starting with the largest, until the whole $1.41T deficit is covered.

What might result from these actions:

  1. Who pays the taxes these companies are now paying?
  2. What will happen in 2012 and beyond? How will you be impacted?
  3. What will be the impact on investors such as your 401K, etc.?
  4. Who would invest in these companies?

A death spiral will result: No profits, no investors, No investors, no company. No company, no jobs. No jobs, no spending, No spending, more jobs lost, No jobs & no company, no taxes. No taxes, no benefits.

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About

Dr. Cleland’s Ph.D. is from Purdue University where he specialized in complex systems theory. His technical training and experiences includes analyses of many types of systems, involvement with numerous federal, state, and local agencies, and management of a broad set of set of professionals, services, and trades people. He has managed scientists, engineers, policemen, firefighters, environment, health, safety and emergency planning experts, building trades and maintenance crafts personnel, and others.

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