This blog is dedicated to progressive and liberal thought. It also discusses new technology, how technology affects privacy and developments in Russia, China, Eastern Europe and the Middle East. Rightardia fully supports the rights of workers to organize, the feminist movement, and all Americans regardless or ethnicity, sex or gender.It uses humor, satire and parody to expose conservative thought for what it truly is: BS! Rightardia contributes to the DNC, DCCC, DSCC and MoveOn.Org.
Dec. 6 (Bloomberg) -- The Green Bay Packers, the only publicly owned franchise in U.S. sports, are seeking to raise $62.5 million with their fifth stock sale starting today.
Shares cost $250 dollars and are available via mail or online at PackersOwner.com.
The franchise won its fourth Super Bowl in February and is the only undefeated team in the National Football League this season.
Eben Novy-William reports on Bloomberg Television's "Money Moves."
The Packers are the one team that the 1 per cent does not own.
This is an excellent article that explains why food stamps and unemployment insurance are a better stimulus than tax cuts.
It also explains why corporations aren't hiring workers. Instead, they are buying their public stock back to bump up stock prices. This will positively effect the stock options of the owners and executives because buybacks artificially raises the price of the stock. Only 7/10 ths per cent of corporate CFOs plan to hire workers.
This is also why cutting corporate income tax will not be beneficial. Corporations can pass their profits and taxes to share holders. Because of numerous corporate exemptions, few US corporations actually pay US corporate income tax.
In Florida if you do not pay federal corporate tax, you are exempt from Florida corporate tax.
Carnival Corp., Florida's 10th-largest public company with 4,220 South Florida employees, has a $136-million state payroll, posted more than $1-billion in profits last year. It paid $ 0 in Florida corporate income tax.
Verizon Communications Inc., the phone giant that employs 12,500 people in Florida, and Saddlebrook Resorts Inc., the elite retreat in Wesley Chapel that is home to a famous tennis training center, didn't pay any corporate taxes either.
In fact, 98 percent of the estimated 1.5-million businesses in Florida paid nothing. And many of those that did pay found ways to reduce their tax bills.Only 5,000 business in Florida pay state corporate income tax
DETROIT: The head of the government Auto Task Force says the government wants to sell its shares in General Motors and Chrysler Group LLC as soon as possible.
Task Force chairman, Ron Bloom, told a congressional panel meeting Monday in Detroit that the government is eager to sell of the shares.
The US government owns 61 percent of the new General Motors and 8 percent of Chrysler. Together both automakers have received $65 billion in federal aid. Both recently emerged from bankruptcy protection.
