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Soak the Rich: Apple

Sad to say, propping up America’s entitlement programs will require sacrifice from CEOs and corporations of all stripes. 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!

Remember the depth of the fiscal hole the US government is in: a projected 2011 deficit of $1.62 trillion. You might say excess spending is to blame… if you’re a fascist right-wing nut! Excess spending is not the problem, because Senator Sherrod Brown and President Barack Obama have said so. No, America’s balance sheet is crooked because of greedy CEOs and corporations. Let’s redistribute some wealth!

Now Soaking: Apple

Not to worry – doubling Apple’s income taxes won’t cause undue harm to the corporation’s 49,400 employees or the holders of its 924.8 million outstanding shares of common stock! Increasing Apple’s taxes by more than 1/4 of the corporation’s net income also won’t increase the price of laptops, MP3 players, or anything else. Burgling 100% of CEO Timothy D. Cook’s pay will not send the nation’s business leaders fleeing for safer shores.

We, The People who support Sherrod Brown’s fiscal policies, hold these leftist conceits to be self-evident.

Cross-posted at that hero.

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Third Base Politics is an Ohio-centric conservative blog that has been featured at Hot Air, National Review, Washington Post, Los Angeles Times, Pittsburgh Tribune-Review, and others.


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