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Default GE pays no income tax

On Mar 29, 9:12*pm, "Robert Green" wrote:
"Kurt Ullman" wrote in message

m...





In article ,
*"Robert Green" wrote:


And I thought libs were all for lifting folks out of
poverty. * That is exactly what is happening in developing countries.
Those folks may only be getting paid $1 an hour, but that is 2X what
they were getting before, they are happy with it, and it's increasing
their standard of living.


The riots taking place in the Middle East are not so much political, but
economic. *The price of food in the third world has skyrocketed. *A bowl

of
rice that cost 5 cents two years ago can cost upwards of 25 cents. *If

you
double a person's wages but his cost of living quintuples, are they

really
coming out ahead? *At least before they could have tried to grow their

own
food, but working at a factory means that's hard to do.

* * A lot of this, though, is related to governments stopping or
lessening the subsidization of foodstuffs more than actual increase in
costs (although one obviously goes with the other).


It's hard to tell where one begins and another ends. *The Japanese crisis
isn't going to bring food prices down, that's for sure.


Yawn.... Good grief, now he's trying to link world food
prices to the reactor accident in Japan.


*Just another
example of government getting into the mix and screwing things up. *The
problem with subsidies, tax breaks and incentives is that they never seem to
expire even when their need can no longer be justified.

As for rising food prices, they almost always generate social unrest. *One
could make the claim that Nazism was founded more on the 1 million mark
prices for loaves of bread than any tangible political cause.

--
Bobby G.- Hide quoted text -

- Show quoted text -


Then maybe we should reverse the real culprit behind higher food
prices.
It has nothing to do with the Japanese reactor and everything to do
with
govt increasing the diversion of food crops into ethanol.
 
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