If there’s one thing more evil than a conservative, it’s a conservative media executive. That’s why true Progressives knew, long before Rupert Murdoch and his minions in England caused their current scandal, that News Corporation – parent of Fox News and The Wall Street Journal – was perhaps the vilest corporation on earth.
Well, other than Halliburton. And, duh, the oil companies. At any rate, America’s 2011 budget has $1.62 trillion hole, so News Corp. is more than evil enough to deserve Sherrod Brown’s solution of severe tax hikes for successful employers.
Now Soaking: News Corporation
- Reuters lists News Corporation CEO Rupert Murdoch’s compensation as $22,725,300. Murdoch has been CEO at News Corp. since 1979 and doesn’t adore President Obama the way competing executives do, so he’s already got too much money. His $22,725,300 will be much better spent by Sherrod Brown and Barack Obama!
- News Corp’s 2010 income statement lists $679,000,000 in corporate income taxes. News Corp. did not pay enough, since their net income was nearly four times that amount and their propaganda machine did not fawn over Democrats like tweens at a Bieber concert! Let’s take another $679,000,000, to preserve Sherrod and Barry’s rip-roaring economic recovery.
- All said and done, doubling News Corporation’s corporate income taxes and taking Rupert Murdoch’s pay will reduce the 2011 U.S. budget deficit from $1,620,000,000,000 to $1,619,298,274,700.
Fear not: cranking up taxes on News Corp. won’t make cable TV, movies, or newspapers more expensive! 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 News Corp’s 51,000 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 News Corp’s 799,000,000 outstanding shares of stock who suffer will be the ones who deserve to (disclosure: I’m one of ’em, shamefully).
We, The People who support Sherrod Brown’s fiscal policies, hold these leftist conceits to be self-evident.