FedEx is a natural choice to follow CSX as this week’s second contestant on Soak the Rich, the class warfare game inspired by Sherrod Brown’s trademark domestic policy. While CSX occasionally helps quash a leftist dream like “high speed” passenger rail, FedEx makes the United States Postal Service look bad every day! It’s unfair to say which corporation is more evil, so let’s make FedEx part of Sherrod Brown’s tax-hikin’ solution to America’s $1.62 trillion 2011 budget deficit and call it a day.
Now Soaking: FedEx Corporation
- Reuters lists FedEx CEO Frederick Smith’s compensation as $7,419,360. Smith has been a director at FedEx since 1971, so he’s got enough money. His $7,419,360 will be much better spent by Sherrod Brown and Barack Obama!
- FedEx’s 2010 income statement lists $710,000,000 in corporate income taxes. Less than a billion dollars?! Let’s take another $710,000,000, lest spending cuts damage Sherrod Brown and Barack Obama’s rip-roaring economic recovery.
- All said and done, doubling FedEx’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 $1,619,282,580,640.
Fear not: none of the truckloads of items FedEx delivers every day will cost more to deliver if FedEx 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 FedEx’s 93,000 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 FedEx’s 316,000,000 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.