Since we’ve made evil bank JP Morgan Chase and the S&P 500′s top 10 companies pay their fair share, there are 489 greedy, successful corporations left for Sherrod Brown to soak. Who should be the next brick in our path to a balanced federal budget? It’s an obvious decision, when you think about it…
Now Soaking: Wal-Mart
- Reuters lists Wal-Mart CEO Michael Duke’s compensation as $18,712,700. Duke has been with Wal-Mart since 1995, so he’s got enough money. His $18,712,700 will be much better spent by Sherrod Brown and Barack Obama!
- Wal-Mart’s 2010 income statement lists $7,579,000,000 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 Wal-Mart’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 $1,612,402,287,300.
Fear not: this punitive tax policy won’t affect the cost of thousands of different products purchased daily by the low-income Americans about whom Sherrod Brown cares so deeply. 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 Wal-Mart’s 2,100,000 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 Wal-Mart’s 3.47 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.