Occupy Wall Street - Success

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Originally Posted by Klath [You must be logged in to view images. Log in or Register.]

Again, the wealthy are able to game the system in their favor. Case in point:

Why are you equating GE to the wealthy? Because the people who run it are wealthy? Because the company as a whole is large? There is a problem with scale in general that comes up when talking about things like this, health care providers, etc. People see a massive company that employes thousands and thousands of people making profit in the "million" or "billions" and think it's unfair. They don't look at the actual profit margin that company is operating on. If a sole proprietership made those same profit margins, they would be out of business. When a corporation is doing the same thing on a larger scale at a lower margin, they're suddenly evil if their overall profit has the "illion" in it somewhere.

(No I don't think GE should be able to avoid taxes on foreign earned income, but now you're talking about tax treaty problems, which are even more complicated. This is why the discussion is difficult to have with most people.)