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jtuck004

(15,882 posts)
Fri Oct 25, 2013, 04:25 PM Oct 2013

If you care about income inequality - here's a chance to fix part of it.


There is a post, here: http://www.democraticunderground.com/10023907215

by n2doc

Titled: A Chance to End a Billion-Dollar Tax Break for Private Equity


As you may know, people such as Mi$$ RobMe, don't earn money but make it by destroying jobs like yours. They borrow massive sums of money from banks who are funded with your labor, buy out your company and move your job overseas where it can be done more cheaply, then replace your job with low-wage hourly workers. If the bank fails, your money is then used to pay handsome bonuses and salaries for what they are doing to you, to us.

These "private-equity" firms then pocket the difference. For this "work", which is done without getting the callouses you get from yours, they are given a tax break that you do not get, paying half of what you do, for the honor of destroying your life.

They make lots of money doing this. For example, while you were taking a shower, perhaps before going to the unemployment office, Mi$$ Robme made about $800. Without lifting a finger.

The link in the post describes a recent court case which says companies such as this do not deserve such a break, and it is a chance to stop it, restoring at least a bit of fairness.

If this interests you, read the link, and maybe we can get enough people to ask why they should pay more in taxes than people who destroy their livelihoods. Who knows, it might even save the job you have now, if you have one.

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