Monsanto Company is a maker of herbicides and genetically engineered agriculture products. These products might make it easier for farmers to feed mankind, but they also are scary and bad. Acid rain! Frankenseeds! With terms that frightening, it’s obvious we should take the foodstuffs Gaia provides and leave it at that. Conveniently, there’s a $1.62 trillion shortfall in the 2011 federal budget. Who thinks Monsanto deserves the corporate tax hikes Senator Sherrod Brown (D-OH) demands to pay for big government?
Now Soaking: Monsanto Company
- Reuters lists Monsanto CEO Hugh Grant’s compensation as $13,172,300. Grant has been a Monsanto executive since 1998, so he’s got enough money. His $13,172,300 will be much better spent by Sherrod Brown and Barack Obama!
- Monsanto Company’s 2010 income statement lists $370,000,000 in corporate income taxes. Monsanto’s net income was nearly three times that amount! Let’s take another $370,000,000, to preserve Sherrod and Barry’s rip-roaring economic recovery.
- All said and done, doubling Monsanto’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 $1,619,616,827,700.
Fear not: a punishing tax hike on a leading maker of ag-related products won’t increase the cost of food! None of Monsanto’s 21,400 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 Monsanto’s 535,000,000 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.