Though I wouldn’t have thought it possible, soaking the rich is even more fun now that we’re finished with the S&P 500′s top 10 companies! Last week alone we made evil bank JP Morgan Chase and evil non-union retailer Wal-Mart pay their fair share, and there are plenty of other corporations Sherrod Brown would love to teach a lesson in the 488 that remain. Next up, the company responsible for rampant obesity and half of May’s new jobs!
- Reuters lists McDonald’s CEO Jim Skinner’s compensation as $9,732,620. Skinner has been with McDonald’s since 1971, so he’s got enough money. His $9,732,620 will be much better spent by Sherrod Brown and Barack Obama!
- McDonald’s 2010 income statement lists $2,054,000,000 in corporate income taxes. Let’s double that amount, lest spending cuts damage the rollicking recovery Sherrod Brown and Barack Obama have started!
- All said and done, doubling McDonald’s corporate income tax and taking their CEO’s pay will reduce the 2011 U.S. budget deficit from $1,620,000,000,000 to $1,617,936,267,380.
Fear not: this punitive tax policy won’t increase the cost of fast food – and even if it did, that would encourage stupid Americans to patronize healthier restaurants! A “free market” is really nothing but an evil cabal of fat-cats cheating helpless saps out of money, but Sheriff Sherrod’s patrolling these parts! Supply, demand, risk, cost, and reward are merely shadows from the dark old days.
None of McDonald’s 400,000 employees will lose their jobs if Sherrod Brown and Barack Obama work their not-at-all-socialist magic. Last and least, the only funds & individuals holding any of McDonald’s 1.04 billion outstanding shares of stock who suffer will be the ones who deserve to.
We, The People who support Sherrod Brown’s fiscal policies, hold these leftist conceits to be self-evident.