Tag: government failure

Кто враги народа Ирландии?: Who are Ireland’s Enemies? (via homophilosophicus) [1]

On By southwerkIn business ethics

Homophilosophicus has given me permission to blog all of his posts during the crisis. He lives in Ireland and is taking part in the demonstrations against the government austerity measures and loan guarantees to the European Union. I’ve gone back to the beginning of the crisis which by his blog would be the 30th. So, I’ll reblog all of them in order. For convenience sake, I’m going to number them. This is more for me than you. I want to get these up in the exact order.

James Pilant

Кто враги народа Ирландии?: Who are Ireland's Enemies? Certain schools of Iranian Islamic political discourse have labelled the United States of America as the ‘Great Satan;’ speaking more of the taut political relationship between the Islamic World and the United States than any spiritual reality. Europeans have their own mistrust of matters transatlantic; betraying Europe’s deep-seated jealously of the prosperity of the America’s republican project, which is often manifested in either yankenfreude, … Read More

via homophilosophicus

BP Gets Ten Billion Dollars From You!

On By southwerkIn business ethics

That’s right! British Petroleum has found a new way to make money. They have taken a perfectly legal tax deduction for their losses caused by the oil spill enabling them to evade $10,000,000,000 of taxes.

That’s ten billion dollars the federal government has to get somewhere else. Goodness Gracious, who might the burden of taxes fall on without BP paying its share? I wonder.

Loren Steffy writing for the Houston Chronicle is all over this. Steffy points out that considering these kinds of tax benefits, claiming that corporations pay too much taxes is disingenuous, since very often they pay none at all.

The feds could have figured this into their 20 billion dollar escrow fund but didn’t, so essentially BP is only on the hook for ten billion of it. The rest we pay for.

James Pilant