ConAgra Foods, Inc. may be a corporation that makes food products, but it’s still a corporation. Corporate foodstuffs put free-range organic commune farms out of business! It’s high time we made ConAgra Foods part of Sherrod Brown’s tax-hikin’ solution to America’s $1.62 trillion 2011 budget deficit.
Now Soaking: ConAgra Foods, Inc.
- Reuters lists ConAgra CEO Gary Rodkin’s compensation as $9,760,300. Rodkin has been CEO at ConAgra for six years and was a Pepsi executive for six years before that, so he’s got enough money. His $9,760,300 will be much better spent by Sherrod Brown and Barack Obama!
- ConAgra’s 2010 income statement lists $362,100,000 in corporate income taxes. ConAgra’s net income was more than twice that amount, so clearly they paid too little income tax! Let’s take another $362,100,000, lest spending cuts damage Sherrod Brown and Barack Obama’s rip-roaring economic recovery.
- All said and done, doubling ConAgra’s corporate income taxes and taking their CEO’s pay will reduce the 2011 U.S. budget deficit from $1,620,000,000,000 to $1,619,628,139,700.
Fear not: none of the foods ConAgra sells to consumers or restaurants will get more expensive if ConAgra is subjected to a massive tax hike. 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 ConAgra’s 24,400 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 ConAgra’s 409,000,000 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.