US Bancorp shouldn’t be the only band of bankster bandits soaked to fill the $1.62 trillion shortfall in the 2011 federal budget. Who do you think Sen. Sherrod Brown (D-OH) is, some kind of unfair Republican?! While we’re penalizing banks, Bank of America is also going to have to pay for Washington’s totally necessary spending spree.
Now Soaking: Bank of America Corp.
- Reuters lists Bank of America CEO Brian Moynihan’s compensation as $1,940,070. Moynihan has been a Bank of America exec since 2002, so he’s got enough money. His $1,940,070 will be much better spent by Sherrod Brown and Barack Obama!
- Bank of America’s 2010 income statement lists $915,000,000 in corporate income taxes. Their net income was -$2.2 billion, but Democrats don’t pick favorites! We’ll take another $915,000,000, to preserve Sherrod and Barry’s rip-roaring economic recovery.
- All said and done, doubling Bank of America’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 $1,619,083,059,930.
Fear not: a punishing tax hike on a national bank won’t increase the cost of mortgage, savings, checking, or credit accounts! None of Bank of America’s 288,000 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 Bank of America’s 10.13 billion outstanding shares of stock who suffer will be the ones who deserve to.
Soaking the Rich is different from choosing winners and losers via massive federal bailouts, because nothing bad happens when you Soak the Rich!
We, The People who support Sherrod Brown’s fiscal policies, hold these leftist conceits to be self-evident.