http://www.nytimes.com/2011/03/25/business/economy/25tax.html?hp
Here in the good gray New York Times, the American paper of record, is a report that will warm the hearts of all the, now, sub rosa Freemarketeers: in vivid detail we are presented with compelling evidence of the machinations of one particular corporate citizen. GE will pay no taxes for the year 2010, in fact, it will claim a tax credit of $3.2 billion. Compare the average American household in 2006 paid 20.7% in federal taxes. The Supreme Court has granted corporations the status of persons ,in law, it appears that one of these ‘corporate persons’ is through manipulation and bad faith not living up to its civic responsibilities. Can anyone feign surprise at this example of ‘creative accounting’ blended with ‘aggressive lobbying’ and just plain political opportunism by a member of the House of Representatives? That would be naïve in the extreme! The argued social/political responsibility of the ‘Free Market’ is an absolutely unknown, un-experienced actuality. In fact, the cultivation of civic republican virtue and the imperatives of ‘Capitalism Unbound’ are antithetical! Although , ‘The Free Market’ was trumpeted as indispensable to the realization of human freedom, by the likes of the false prophet Milton Friedman, and his acolytes and various intellectual frauds, some employed by the New York Times as ‘Editorial Writers’ and ‘Opinion Writers’. ‘The Free Market’ concept is now in eclipse, but fear not, for the forces that brought you the Great Depression and the World Wide Market Collapse of 2008 will bide their time, until the Historical Memory of the populous has faded sufficiently, to make the concept of the “Free Market’ again palatable to an audience hungry for something ‘new’ on the political scene; not resembling the disfavored ‘New Deal Nostalgia’.
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