“Contrary to conventional wisdom, tax breaks and corporate welfare structures turn the ultra-rich into lazy moochers, and not motivated corporate citizens. “By monitoring the daily lives of CEOs heading Americas largest tax dodgers, the Society for Motivated Americans (SMA) was able to conclude that extreme corporate welfare benefits make the super-rich lazy and complacent. Most of them spend an inordinate amount of time hobnobbing in lavish resorts and playing Candy Crush on corporate jets, said Jeff Zebo of SMA. “Zebo provided Bank of America CEO Brian Moynihan as a prime example. BOA is the nations leading tax dodger, having paid zero taxes in 2010 – a $1.9 billion tax break – after receiving more than a trillion dollars in bailout money. Has this made Moynihan motivated? asked Zebo. No – the man can barely pay attention on the job. And he sleeps all the time – employees sometimes stumble into his office and find him face down on the desk mumbling about things like milk shakes and Aruba. NEW STUDY: Corporate Welfare Makes the Rich Lazy by David Harris Gershon Daily Kos member Tue Feb 11, 2014 dailykos/story/2014/02/11/1276705/-NEW-STUDY-Corporate-Welfare-Makes-the-Rich-Lazy#
Posted on: Mon, 03 Nov 2014 06:28:26 +0000