Arnold T

On Martin Armstrong's 'It's Just Time'

The article started out good, trying to give some background into an economic paper that the author thought we should read. But then the author digressed and exposed himself as a Right-Wing Extremist, Free Market idealizer who essentially supports all the Neo-Liberal talking points that got us here in the first place.

His assumption is that government is bad and social actions by government are bad and taxes are bad and so on. He has forgotten that business is bad too. Bankers have lost trillions of other peoples money, auto companies have been incompetent and a list of disastrous businesses goes on and on with incompetence, corruption and greed that devastates 10s of millions of real people.

In fact, Martin Armstrong was a very bad person/businessman that cheated investors. It was not a government agency we needed to fear but a businessman who ran a Ponzi scheme (comingling accounts to cover losses) and falsified records to investors.

Exxon's 2007 Tax Bill: $30 Billion

This is a bogus article. Completely fabricated. The top US Corporate tax rate is 35%. So Exxon cannot have a tax rate of 41.4%, impossible. Everone see that. The author states a tax rate that the Federal Government does not have. You cannot argue anymore. The tax rate does not exist. The Author made it up. You cannot argue about fantasy Tax Rates that do not exist. Jesus. You would think we had a bunch of grade school kids here trying to understand percentages for the first time.

Exxon's 2007 Tax Bill: $30 Billion

The math does not add up correctly. This is a bogus article. Completely fabricated. The top US Corporate tax rate is 35%. So Exxon cannot have a tax rate of 41.4%, impossible. The lower 50% of American Income is $14,000 on average according to this jokster. Jesus, we must be an exceptionally poor nation to have such a low income average for half the nation. I dare say his facts are fucked or America is a third world developing country.