Now that we’re down to Procter & Gamble, the 6th-largest corporation in the S&P 500 index, Sherrod’s traveling class-warfare act starts to get difficult.
Tag: Leftism
Soak the Rich: IBM
If there’s one thing Sherrod Brown is good at (note: Sherrod Brown is awesome at all sorts of things), it’s taxing the wealthy… so higher market capitalization means increased taxes plus a good tongue-lashing to boot!
Soak the Rich: Week 2 Progress
As an avid fan of Senator Sherrod Brown’s practiced class warfare routine, I was disappointed to learn that one week of soaking the biggest corporations in the S&P 500 index wasn’t enough to fill the U.S. government’s $1.62 trillion budget deficit. Mercifully, there are no shortage of bad, successful corporations left to penalize!
Soak the Rich: Chevron
A capitalist would ask whether raising Chevron’s taxes will, in turn, increase the price of oil & natural gas – and by extension, everything connected to energy & transportation. Stupid capitalist!
Soak the Rich: General Electric
For every unmarketable green-energy product GE peddles to federal bureaucrats, there’s another bad, profitable wing of the company. On behalf of Senator Sherrod Brown, let’s help Washington’s favorite conglomerate spread those profits around!
Soak the Rich: Week 1 Progress
This week we soaked Apple and Exxon Mobil, currently the two largest corporations in the S&P 500 by market capitalization. By doubling each company’s corporate income tax burden and taking 100% of CEO compensation, we’ve taken great strides toward funding the programs Sherrod Brown and Barack Obama know we need!
Soak the Rich: Apple
Even good hipster corporations like Apple will need to pay a “fair share” determined by capitalism-hating leftists. If Apple’s executives think the highest corporate tax rate in the developed world is enough, they’re in for a rude awakening!
Soak the Rich: Exxon Mobil
If you’re looking to squeeze more dollars out of private industry fat-cats – and what Progressive isn’t! – Exxon Mobil is a perfect candidate.
Soak the Rich: Patriotic Millionaires
This won’t do. Not only would it produce too little revenue, 7.8 million households equals too many voters for Senator Brown and President Obama to alienate. That’s why a serious soaking of the rich requires serious fat-cats – like the CEOs taking home tens of millions a year and the S&P 500 corporations who employ them.
Public Union Tail Wags Dog
Politicians excel at creating mechanisms whereby a privileged few are shielded from fiscal reality by an even more privileged fewer. Public unions are a textbook case of this, and no amount of posturing from the unions or their allies in the Ohio Democratic Party should obscure that fact.