Sure, we’ve already put the hypothetical taxation screws to numerous banks, but it’s really important for those Wall Street monsters to pay their fair share to the federal government! As Fannie Mae and Freddie Mac demonstrate daily, private industry is black with corruption that blots the driven-snow purity of government lenders.
Plus, there’s still the matter of a $1.62 trillion U.S. deficit for Fiscal 2011, and soaking the rich is Senator Sherrod Brown (D-OH) and President Obama’s tried-and-sorta-true solution for budgetary blips like this!
Now Soaking: Citigroup, Inc.
- Reuters lists Citigroup CEO Vikram Pandit’s compensation as $1. Nice try, Vik – we’ll be watching you! Pandit has been a Citigroup executive since shortly before bailout fever swept the coast, so he’s got enough money. His $1, meager contribution to the greater good that it may be, will be better spent by Sherrod Brown and Barack Obama!
- Citigroup’s 2010 income statement lists $2,233,000,000 in corporate income taxes… now we’re talking! We’ll take that much extra to help maintain the terrific Obama/Brown rebound!
- Yes, We Can! Doubling Citigroup’s corporate income tax and taking their CEO’s pay will reduce the 2011 U.S. budget deficit by 0.138%.
None of Citigroup’s 260,000 employees will lose their jobs if Sherrod Brown and Barack Obama work their not-at-all-socialist magic. The only funds & individuals holding Citigroup’s 2.92 billion outstanding shares of stock who suffer will be the ones who deserve to.
Don’t worry: this punitive tax policy won’t increase the cost of checking, savings, or credit accounts… and even if it did, it’d help Americans learn that only the federal government can be trusted! Once again, Sherrod succeeds where the free market fails.
We, The People who support Sherrod Brown’s fiscal policies, hold these leftist conceits to be self-evident.