I feel like I’ve got to start this post with an apology. If we’re going to try out Sherrod Brown’s solution to America’s $1.62 trillion 2011 budget deficit, we’ve got to soak the right rich people! I’ve tried these past seven weeks to target the worst corporations first, but I overlooked one of the evilest businesses of all…
Now Soaking: Halliburton
- Reuters lists Halliburton CEO David Lesar’s compensation as $14,893,900. Lesar has been a Halliburton board member since 2000, so he’s got enough money. His $14,893,900 will be much better spent by Sherrod Brown and Barack Obama!
- Halliburton’s 2010 income statement lists $853,000,000 in corporate income taxes. That’s not even a billion dollars! As if it wasn’t bad enough that Halliburton sends Dick Cheney Terror Squads around the world! Let’s take another $853,000,000, lest spending cuts damage the rollicking recovery Sherrod Brown and Barack Obama have started.
- All said and done, doubling Halliburton’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 $1,619,132,106,100.
Fear not: this punitive tax policy won’t affect the price of oil exploration or, by extension, energy. Although a “free market” is nothing more than evil fat-cats cheating helpless saps out of money, Sheriff Sherrod’s patrolling these parts! Supply, demand, risk, cost, and reward are shadows from the dark old days.
None of Halliburton’s 60,000 employees will lose their jobs if Sherrod Brown and Barack Obama work their not-at-all-socialist magic. The funds & individuals holding Halliburton’s 915,000,000 outstanding shares of stock might suffer – but they deserve to, for investing in an evil corporation!
We, The People who support Sherrod Brown’s fiscal policies, hold these leftist conceits to be self-evident.