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Who Makes The Most Money? And How They Do It

Tyler Durden's picture





 

Of the 25 companies with the largest corporate profits in the world; banking, energy and technology firms are absolutely raking it in. Despite stagnating incomes, these companies made $567,856,000,000 in 2012 alone... here's the subsidies, tax breaks, and offshoring that helped them do it...

 

Green Giants

Source: AccountingSchoolGuide.com

 


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Wed, 12/11/2013 - 21:32 | Link to Comment LetThemEatRand
LetThemEatRand's picture

I wonder why these companies always show up as the biggest donors to both parties in the same elections?  Must be a coincidence.  They just really like politicians and want to support the electoral process.  After all, bribery is still illegal.

Wed, 12/11/2013 - 21:45 | Link to Comment alien-IQ
alien-IQ's picture

We don't have election. We have auctions.

Wed, 12/11/2013 - 21:49 | Link to Comment zaphod
zaphod's picture

4 out of 5 firms from China on that list are Banks. Can anyone explain that?

Wed, 12/11/2013 - 22:08 | Link to Comment new game
new game's picture

profits from trillion in loans, yes trillions...

quite the sea for liquidity sloshing about.

hope it goes well for them...

Thu, 12/12/2013 - 04:43 | Link to Comment Occident Mortal
Occident Mortal's picture

Hang on a second...

 

Is this inforgraphic about corporate excess? Because the take home message for me is how expensive the ACA must be.

 

The 25 largest corporations on the whole planet, can only muster up enough money to pay for less than half (LESS THAN HALF) of America's healthcare?

 

 

OK let's think about this for a second, Non-Medicare Government spending represents 28% of GDP (Government spending is 35% of the economy of which 20% is medicare/medicaid).

 

That means 72% of the economy is the private sector + healthcare.

 

The US spends 17.9% of GDP on healthcare http://data.worldbank.org/indicator/SH.XPD.TOTL.ZS?order=wbapi_data_value_2011+wbapi_data_value+wbapi_data_value-last&sort=desc

US healthcare is about as efficient as Liberia, Seirra Leone or Tuvalu. It's half as efficient as the Australian system (or any European system).

 

17.9% / 72% = 24.8%

So that means that US Healthcare represents 24.8% of the private economy.

 

 

Or in other words under the current system... 25c of every private sector $ of GDP, goes to pay for sick people! 

 

$3.2trillion on healthcare from a $13trillion private sector = Not Winning.

Thu, 12/12/2013 - 07:42 | Link to Comment negative rates
negative rates's picture

Now if we can just get that offshore money back home free, I know, lets make a law that says repatriate the foriegn made profits for an economic recovery.

Thu, 12/12/2013 - 11:46 | Link to Comment Steve in Greensboro
Steve in Greensboro's picture

I propose that neither you nor the U.S. government concern yourselves with how much or how little I pay for health care for myself and my family.

I further propose that you mind your own business.

In addition, I propose that you fuck off.

Wed, 12/11/2013 - 22:10 | Link to Comment wintermute
wintermute's picture

But, but, Fannie Mae loses money. Its profits are only accounting trickery...

Thu, 12/12/2013 - 00:13 | Link to Comment dick cheneys ghost
dick cheneys ghost's picture

the chinese are working and supplying cheap products to the entire world........banks love populations that are working. It is much easier to steal your labor (Thru INTEREST) when you have a job, then when you dont......notice how there are no banks from N Korea on the list

Thu, 12/12/2013 - 08:22 | Link to Comment SilverDOG
SilverDOG's picture

North Korea does not have a "central" bank.

Nor does Iran.

Both are the last without central bank IMF infections.

Before 9-11 there were other countries without said infectious disease.

 

To find the list of those: look under the heading of "U.S. INVADES"

 

for democracy of course Bitchez.

Thu, 12/12/2013 - 12:28 | Link to Comment marathonman
marathonman's picture

Bingo.

Thu, 12/12/2013 - 09:43 | Link to Comment GoldIsMoney
GoldIsMoney's picture

Interest is not theft but no interest is theft.

Thu, 12/12/2013 - 03:24 | Link to Comment Zionist Jew
Zionist Jew's picture

You morons really not get it yet?

I guess we telegraphed our punch with PNAC and none of you idiots paid attention so it doesn't surprise me.

 

Keep the peasents happy with ipads and dildos, and it's open season on looting of the treasury.    Royal Dutch Shell calls, look for a false flag... ahem, I mean an attack from Iran, which will escalate into another WW.  Send your little goyim to war dummies, time for another great harvest. Cha Ching!

Thu, 12/12/2013 - 07:53 | Link to Comment slotmouth
slotmouth's picture

I was thinking the same thing.  It is never a good thing when banks make up the bulk of a country's growth and profits.

Wed, 12/11/2013 - 22:04 | Link to Comment erkme73
erkme73's picture

Remember, correlation does not equal causation... God, if I hear that one more time...

Thu, 12/12/2013 - 02:34 | Link to Comment VD
VD's picture

"It takes the average McDonald’s worker seven months to earn what its CEO makes in just a single hour."

Thu, 12/12/2013 - 04:33 | Link to Comment Radical Marijuana
Radical Marijuana's picture

I appreciate your sarcasm, LetThemEatRand, since you know we live in a Bizarro Mirror World, where everything is BACKWARDS, to the way that the mainstream morons were taught to perceive the world.

"Economics" is primarily organized lies, operating organized robberies. In that context, the government is the biggest gang, and the best organized gangs control the government. Therefore, OF COURSE, the most money is made by those who control the greatest concentration of legalized lies, backed by legalized violence, namely the government, but, paradoxically, government mandated entities now collectively own most of most public corporations.

For sure, the funding of the political process provides the fulcrum point for the maximum leverage over the economy. Since governments are the biggest form of organized crime, controlled by the best organized gangs of criminals, therefore, we ended up with the monetary system that we have, which enables the supreme way to make money, namely, private banks being able to make money out of nothing, as debts, which fundamentally fraudulent system the government forces everyone else, including the government itself, to operate within.

All of the other corporations listed in this article grew up around the banksters' system of the legalized counterfeiting of the public money supply. (Including the more than 100,000 government mandated organizations that now collectively own most of the public companies.) The deeper problem is that the vast majority of people have been brainwashed to believe in the biggest bullies' bullshit social stories, to such a degree that they can not understand, because they do not want to. Although, theoretically, the people collectively already have the power and most of the ownership of almost everything that matters, by and large they do not understand that, and do not want to understand, but rather, default to a tiny minority directing things.

The funding of the political processes includes bribery, intimidation, as well as paying for the assassination of those politicians that could not be bribed or intimidated. Almost all of the successful politicians are those who survived by adapting to work within that system. Similarly, most people could not continue to be employed within the school systems or the mass media, unless they also agreed to spout the dominant bullshit social stories.

The deeper problems are quite obvious, IF one is willing to open one's eyes to look at real history. However, OBVIOUSLY, the vast majority of people are not willing to look, due to the prolonged social conditioning processes of backing up lies with violence, driving them to adapt to live within the established systems of huge social lies.

I REPEAT THE BASIC HISTORICALLY DRIVEN PARADOX: the history of warfare made deceit become the most successful strategy. Upon that basis, the whole of civilization was based. Therefore, the real economic systems are primarily lies, backed by violence. However, those real systems operate through the biggest bullies dominating them, by being able to promote bullshit social stories about everything that is happening.

To ameliorate things would realistically take enough people being willing to face more radical truth about themselves, which is extremely improbable. Certain basic facts would have to be understood by enough people to make realistic change possible. The primary ones would be things like being able to perceive that money is measurement backed by murder, and that the debt controls depended upon the death controls. Furthermore, those perceptions of social reality would then have to not collapse back to the same old impossible ideals that would assert that should be stopped, because that is not possible, but rather, those impossible ideals always backfire, and actually make the opposite happen in the real world.

The funding of the political processes is the core, at the center of our system, especially when one perceives that the money system pays for the murder system, which in turn results in the murder system backing up the money system. Moreover, it is impossible that the real world could operate any other way.

OF COURSE, under our current system, it tends to be that 99% of the people have paid for almost no politics, while about 1% of the people have paid for almost all politics. Furthermore, especially in America, a tiny fraction of 1% of the population overwhelmingly dominated the funding of the political processes, while the vast majority of people preferred to do nothing, and so, ended up systematically screwed more and more, faster and faster, by those who did pay for the political processes.

Indeed, there is a very strong correlation between which people paid for the political processes, and the results obtained, which has all combined to become a runaway social insanity, of legalized lies, backed by legalized violence, spinning out of control at an exponentially accelerating rate. That is especially the case because almost everyone in the small groups that understand and protest that trend still tend to offer "solutions" based upon the same old-fashioned false fundamental dichotomies, and related impossible ideals, which are axiomatically impossible to ever actual work in the real world.

Human realities are always organized lies, operating organized robberies. The political processes are that! Since the vast majority of people have been conditioned to be Zombie Sheeple, or incompetent citizens that act like political idiots, while the Vicious Wolves that dominate them also go around in sheep's clothing, bleating the same moralities that they have taught the Sheeple to bleat (although what they say is backwards to what they actually do), meanwhile, the controlled opposition groups tend to be Black Sheeple, who exhort everyone to become better Sheeple, as somehow being the way to resolve their chronic political problems better, and therefore, the real social facts are runaway social polarization, as the power to rob, and the power to kill to back that up, has effectively been privatized, through the democratic republics and constitutional monarchies, etc., ending up being so dominated by the history of the funding of the political processes that they have become runaway fascist plutocracy juggernauts, that are turning most of the "We the People" into the road kill of the systems that the People are supposed to collectively control, and give power to through their consent.

Ordinary people have been taught to believe that "economics" is based on production, when it is actually controlled by destruction. The vast majority of people operate within a common sense understanding of money that is utterly opposite to the way that the money system controlled by the international banksters really works. However, again, the Black Sheeple propose bogus, bullshit "solutions" to that which deliberately ignore the basic reality that money is measurement backed by murder.

It continues to be an astonishing situation, that, through the history of warfare, civilization has developed to become based upon the maximum possible deceits and frauds. That includes not only the professional liars and immaculate hypocrites that dominate the established systems, but also their controlled opposition as well. The whole system is made out of matching bookends of bullshit social stories, from both the rulers and those ruled. Furthermore, those amongst the ruled who protest their rulers tend to also promote the same bullshit "solutions," after they present their good analysis of the real problems.

What has actually happened is that human ecologies have evolved to be controlled by murder systems based on the maximum possible deceits, and upon that basis were built monetary systems based on the maximum possible frauds. That is so thoroughly established that the overwhelming vast majority of people deliberately refuse to look at the central social and biological facts, while those who pretend to propose "solutions" to the problems tend to also promote ideals that are impossible to reconcile with those basic facts. All of that makes historical sense. However, all of those historical forces have driven society as a whole to become quite psychotically insane. (I wish that that was not the case, but then, I too cling to irrational hopes for some series of political miracles, which is why I bother to write things like this.)

Although I regard it as plainly obvious that the central core feature of the funding of politics was the nexus between the money and the murder, which is why money is actually measurement backed by murder, and the debt controls depend upon the death controls, those basic FACTS, as far as I am currently aware, are absolutely nowhere present anywhere significant in the public space (except on Web sites which have no moderation, to prevent such FACTS from being asserted.)

After having spent several decades working on the issues of the funding of politics, my conclusions are that more than 99% of the people do not want to understand the reality of the combined money/murder systems, while 1% of the people want to make sure that the other 99% do not understand that. Therefore, we are being deeply driven to behave in ways which are quite insane, while there appears no practical political ways for more radical truth about politics to be able to ameliorate that runaway social insanity situation.

The bottom line is that there is no real way to change the monetary system, and the economics that it dominates, without changing the murder system, and the ecology that that dominates. However, the degree to which the vast majority of people have been conditioned to not want to think about that means that there are no feasible ways to fix the problems that currently our political processes are based death controls done by the maximum possible deceits, in order to back up debt controls based on the maximum possible frauds.

Instead, the vast majority of people want to stay within the mainstream muppets' view of the world, where economic is primarily about production, while destruction is some kind of aberration, not seen to be what actually controls the production. The deeper notions that everything is all the same energy, flowing through similar energy systems, and that includes the appearance of death controls, is outside of the ways that almost all people think, who were taught to perceive their world in terms of false fundamental dichotomies, and their related impossible ideals.

Therefore, the awesome, astronomically large, and growing, grand canyon gaps, or chasms, between advances in many basic sciences and technologies are in stark contrast to human sciences which are still almost totally dominated by the biggest bullies' bullshit world views. Therefore, from physics to biology, and from thermodynamics to information theory, we now understand things better as being energy systems. However, when it comes to anything to do with human beings, such as human ecology or political economy, that ceases to be the case. Therefore, the real world has actually become global electronic fiat money frauds, backed up by the threats of the use of atomic bombs, all of which are trillions of times more capable and powerful than anything previously in human history, BUT, the social pyramid systems manifesting through those combined money/murder systems are deliberately not understood as energy systems in any public accepted and generally admitted ways.

Instead, the Neolithic style of civilization is developing its social pyramid systems in the ways illustrated by this chart about "Who makes the most money?" However, while that chart may be factually correct enough, at the present time, it does not present a deeper analysis of how that evolved to be done as it is being done at present. The main connections were the history of the funding of the political processes, and the most important of those were the ways that the money paid for the murder, which backed up the money. The central core of making money is the SOURCE of the money made out of nothing as debts, which is the triumph of organized crime, because making money IS organized lies, operating organized robberies. This chart is like a slice through that complexity, which complexity is made of nested toroidal vortices, in the form of ouroboros, or ourobori, of incorporated robberies.

The systems that exist now are entangled corporations, inter-twining through and through the systems of private banks making money out of nothing, which then is channeled through other corporations. The grandest paradox continues to be that the sovereign powers of We the People have been almost totally privatized, so that the collective power of the People is mainly used to defraud them, and rob them blind. However, while that is obviously the real world, mostly, the response by those who appear to protest that amounts to advocating impossibilities, such as that that robbery should stop, or that we should have honest government, or honest money.

However, when one asks the deeper questions about how then to have no real robberies, or an honest murder system, to back up an honest money system, then one returns to the deeper dilemmas regarding human civilizations as integrated energy systems. Therefore, around and around we go ... Progress in understanding energy systems have enabled sciences and technologies to become trillions of times more capable and powerful, while nothing like that is allowed to happen within human sciences.

It remains to be seen how the resulting extreme and growing social polarization, and related destruction of the natural world, driven by increasingly insane systems of legalized lies, backed by legalized violence, is going to play through ... However, so far it is painfully obvious that the funding of the political processes is the fulcrum point, while changing that continues to be practically impossible, although, without that, then nothing else could be better done.

Thu, 12/12/2013 - 04:37 | Link to Comment disabledvet
disabledvet's picture

See below.

Wed, 12/11/2013 - 21:31 | Link to Comment ZippyBananaPants
ZippyBananaPants's picture

In five years Amazon.com will be bigger than all these companies.

Thu, 12/12/2013 - 04:42 | Link to Comment disabledvet
disabledvet's picture

If measured on account of revenue they're already up there actually. The interesting one is Tesla which barely has any sales either.

Thu, 12/12/2013 - 08:31 | Link to Comment SilverDOG
SilverDOG's picture

Exxon will continue to supply Amazon's most needed asset, OIL.

In doing so, will limit future profits "perceived".

Petroleum will reduce Wal-Marks position as well, to that of K-Mart/Sears within 5 years.

Not to forget the traditional inflationary exit strategy... WAR.

Oil prices increase during wars which exceed expectations.

The military industrial complex companies will gain majority with the OIL co.

 

The most expensive(losses) company in the world; U.S. Govt.

 

Thu, 12/12/2013 - 00:06 | Link to Comment zerozulu
zerozulu's picture

 Diamonds and Silvers and Pearls and Golds and....

Wed, 12/11/2013 - 21:38 | Link to Comment FredFlintstone
FredFlintstone's picture

OK, a company makes 1 billion in profit. Where does it go? It gets distributed to people (executives, managers, staff, shareholders) and then it gets taxed, correct? Why do people make such a big stink about this?

Wed, 12/11/2013 - 21:57 | Link to Comment greatbeard
greatbeard's picture

>> 1 billion in profit. Where does it go? It gets distributed to people (executives, managers, staff,

No, profit comes after salaries and bonuses paid to executive, managers and staff. 

>> Why do people make such a big stink about this?

Because corporations suck up huge amounts of government services, yet refuse to support the country.  You don't really think the US military is there to protect J6P do you?  You don't really think all those embassies around the globe are to promote the welfare of J6P, do you?  When the president throws a big expensive party at tax payer expense, who get invited, J6P or fat cat corporate executive?

And you have a hard time understanding why it rubs the common man the wrong way?

Wed, 12/11/2013 - 22:14 | Link to Comment FredFlintstone
FredFlintstone's picture

Nope, profits are distributed and are then taxed. I am no tax expert, but I think retained earnings are also taxed (since 1986), which is why companies dstribute the profits now instead of keeping them for a rainy day. 

"Refuse to support the country"? Everyone who works for a corporation helps to support the country through their earnings which are taxed. There is no pool of untaxed earnings sitting there being stacked by some oligarch year after year. Trust me, it gets distributed and then taxed. 

It may not get distributed to who YOU would like it to get distributed to and it may not get taxed at the level that YOU think it should. I have a hard time understanding why the common man buys this load of shit.

 

Wed, 12/11/2013 - 22:31 | Link to Comment overexposed
overexposed's picture

Fred, I'm beginning to think you and I are the last few capitalists around these parts. ;)

Wed, 12/11/2013 - 22:36 | Link to Comment FredFlintstone
FredFlintstone's picture

A little scary, but understandable considering the state of affairs. 

Wed, 12/11/2013 - 22:49 | Link to Comment dick cheneys ghost
dick cheneys ghost's picture

how many companies on that list list had access to TARP or the fed discount window during the meltdown............

These companies are to big for anyones good.....

you can suck this multi-national corporate cock all you want.....I choose to support small local companies that are growing organically and without subsidies from the state.....

Wed, 12/11/2013 - 23:21 | Link to Comment arkel
arkel's picture

"how many companies on that list list had access to TARP or the fed discount window during the meltdown............"

Which is why we need to limit the power of the government. Remember, they provided the TARP. Limit the power of the government and the likelihood of TARP diminishes.

Thu, 12/12/2013 - 00:28 | Link to Comment stacking12321
stacking12321's picture

power of the government cannot be limited; there is no magical formula, no magical text that can be written, to restrain the dangerous beast that is government.

the founding fathers tried, that's what the consitution was, and you can see how that ended (is ending).

government can rightly be considered a cancerous tumor, you must eliminate it entirely, or it will grow, and it will consume all it comes into contact with.

most germane to the issue, however, is that government has no moral basis.

i have never consented to be governed by any man, or by any group of men, and no one has the right to govern me; it is only through the force of arms, the power that comes from the barrel of a gun, as mao put it, that the ruling organized gang has decided they have the right to bully others to their will.

 

 

Thu, 12/12/2013 - 00:58 | Link to Comment El Vaquero
El Vaquero's picture

Problem is that there are always going to be egomaniacs and sociopaths who want power over others, government or no government.  It is they who are the cancer.  They will gravitate towards the government if there is one, and they will try to form their own if there isn't.  Power must be limited in general.  The only way I see to do that is to ensure that everybody is heavily armed and to totally outlaw central banks and other means of controlling and manipulating money supplies. 

 

I think Jefferson understood this.  We will always be in a state of change, there will always be those who would wish to decided what is best for you, and at some point, it becomes your responsibility to say NO. 

Thu, 12/12/2013 - 01:40 | Link to Comment stacking12321
stacking12321's picture

the problem isn't too much power, per se. power, when it is legitimate, is not something to criticize, whether a small or large amount of power.

one must examine the basis of the power - is the power derived through threat of force? or is it derived from voluntary cooperation between free people? if it's the latter, then no amount of power can be said to be too much. if it's the former, then any amount of power is too much. one must look at the moral basis of things.

if some people choose to get together and form a central bank, i have no issue with that. the problem becomes when the scheme is forced on others who don't want to participate in it.

Thu, 12/12/2013 - 02:18 | Link to Comment El Vaquero
El Vaquero's picture

Power is ultimatly expressed either through force, or the threat of the use of force.  Central banks and banking as it stands in general rely on this.  If you don't believe me, run up $50k in debt and default.  You'll wind up in the court system, where you'll either have to win, or you'll have wages garnished or a writ of execution where armed men (sheriff's deputies) show up and take your shit for auction, or you'll have to go the nuclear option with Chapter 7.  You may not think so, but Chapter 7 is a sign that, even with all of the fraud, graft and ponzi action out there, we still live in a civilized society.  Voluntary action?  Wait until some sociopathic fuck shows up and wants to piss on you for doing something voluntary and take his cut.  Are you wiling to meet force with force?  If not, you have little power.  Chairman Mao was a sick fuck, but he did understand that. 

Thu, 12/12/2013 - 02:41 | Link to Comment stacking12321
stacking12321's picture

no, not true, what you say that power is based on force or threat of force. there are many kinds of power. economic power is one kind of power. if i have a some money and someone else offers me a bag of potatoes in exchange for the money, is it because i am threatening him with force? clearly not.

don't know what the rest of your rant is getting at, you seem a little angry at nothing in particular, just ranting.

sure, you can defend yourself against aggression, i have no issue with that.

 

Thu, 12/12/2013 - 02:51 | Link to Comment El Vaquero
El Vaquero's picture

Again, default on a debt, and you will be met with the court system.  Involved with the court system and enforcing its orders is law enforcement.  Fuck around long there, and you will be met with force.  Fuck over the guy selling you potatoes, and you run the risk of winding up in the court system.  If he fucks you over, then it is likewise for him.  Then you have to worry about force being applied, or he has to worry about force being applied.  Unless you don't want a way to arbitrate disputes that don't have ways of making people complying.  There are people who will quite voluntarily fuck you over, you know.

Thu, 12/12/2013 - 07:04 | Link to Comment Secede Or Die
Secede Or Die's picture

"i have never consented to be governed by any man, or by any group of men, and no one has the right to govern me; it is only through the force of arms, the power that comes from the barrel of a gun, as mao put it, that the ruling organized gang has decided they have the right to bully others to their will."

Wow...another ZH'er that understands liberty......sure wish everyone here could see this simple truth.

Secede or DIE

Thu, 12/12/2013 - 00:35 | Link to Comment Alpha Monkey
Alpha Monkey's picture

OE and FF, your names suit you well.

Thu, 12/12/2013 - 07:15 | Link to Comment geoffb
geoffb's picture

"There is no pool of untaxed earnings sitting there being stacked by some oligarch year after year."

Yes actually there is. Companies are sitting on record untaxed/taxed cash hoardes while Cap-Ex and salaries shrink. Over 1 trillion alone for the S&P companies. It might find its way into a Treasury, derivative or another casino to avoid taxes, see Apples' hedge fund, but it aint getting used for productive activities. It may as well be a big pile of cash floating on a ship at sea.   You guys are thinking our economy is still out of an Adam Smith book. The beast from Jekyll Island, world goverments' debt dynamics and their ponzi scheme are swirling down the toliet and are they looking to take everything with them.  Does that sound like capitalism to you? Look I don't really care if they ever get taxed on that money, what worries me more is the malinvestment and lack of investment caused by ZIRP. If we don't start investing in productive activities soon, there won't be an economy left and we will start eating bankers to live.

Its precisely that it isn't getting into someone's hand that isn't from the government or a banker that's the problem.

Wed, 12/11/2013 - 21:57 | Link to Comment suteibu
suteibu's picture

It's all about buying favor (and votes) and being the decider.  The government has little leverage over the average person without the IRS and the personal income tax.  It's the same for corporations except those able to buy favor.  In return corporations not only get huge tax breaks but self-written regulations designed to keep out the competition.  If all taxes were eliminated, the first to raise hell about it would be these major corporations.  Get rid of taxes and everything (make your own wish list) changes for the better.

Wed, 12/11/2013 - 22:07 | Link to Comment dick cheneys ghost
dick cheneys ghost's picture
'When Corporations Rule the World'

 

''When Corporations Rule the World is an anti-globalization book by David Korten. Korten examines the evolution of corporations in the United States and argues that "corporate libertarians" have 'twisted' the ideas of Adam Smith's view of the role of private companies.

Korten critiques current methods of economic development led by the Bretton Woods institutions and asserts his desire to rebalance the power of multinational corporations with concern for environmental sustainability and what he terms “people-centered development”. He advocates a 50% tax on advertising to counter-attack what he calls "An active propaganda machinery controlled by the world's largest corporations constantly reassures us that consumerism is the path to happiness, governmental restraint of market excess is the cause of our distress, and economic globalization is both a historical inevitability and a boon to the human species." [1]''

http://en.wikipedia.org/wiki/When_Corporations_Rule_the_World


Thu, 12/12/2013 - 09:57 | Link to Comment shovelhead
shovelhead's picture

So,

It comes down to a tax to subsidize stupid people?

Stupid defined as consuming more than they can possibly produce thereby being caught in a debt spiral of destruction.

Who actually would pay that 50% tax on Corps. anyway? Would prices stay the same and Corps. would magically cut profits in half?

Jesus wept.

More monkeys with hammers.

Thu, 12/12/2013 - 03:02 | Link to Comment RafterManFMJ
RafterManFMJ's picture

With advance apologies to Depeche Mode

 

Corporations are people and why shouldn’t they be?

Campaign contributions are just a business fee

Many different colors

And different creeds

Your jobs now in China

To further our greed

We’ve given you a skank

And invented the Twerk

Provided you with foodstamps

In place of meaningful work.

It’s strange that you hate us

Though we’ve done nothing wrong

We’re just God’s evolution

Where the weak feed the strong.

Now you’re punching and you're kicking

On your way to your grave

You’ve made your choice to die

Rather than remain a debt slave

Can you understand what makes a normal man

Enslave another man?

Can you understand?

Thu, 12/12/2013 - 08:47 | Link to Comment SilverDOG
SilverDOG's picture

FredFlintstone

 

 

The founding Fathers wrote the laws which stated there is NO INCOME TAX.

However, shhhh, in the dead of the holidaze, a law was illegally presented, and we got income taxed.

Corporations are supposed to pay the (gains) taxes of our country; as a federation.

This allows those who purchase, to pay the cost of corporation taxes.

NOT tax what you EARN and what you buy... so corporate Amerika pays ZERO... you tard.

 

There is not to be a Federal ruling govt thought our Founding Fathers. Unless the majority rules(democrappy)

and has its head up its ass.

Thu, 12/12/2013 - 12:41 | Link to Comment FredFlintstone
FredFlintstone's picture

There were virtually no corporations at the time of our country's founding. Weren't most of the taxes in the form of trade tariffs? I pay much more in Federal income taxes that I do in state, local and sales tax combined. I get most of my government benefit at the local level. The Federal balance sheet is way too big.

Thu, 12/12/2013 - 09:22 | Link to Comment Sean7k
Sean7k's picture

I guess you're going to conveniently forget about profits held offshore? As well as the use of offshore facilities to reprice goods to hide profits? While some earnings are taxed, most operations like roads, military, police, fire, etc become socialized costs, which in fact, benefit corporations. Finally, many of those costs go to lobbying, to create barriers to entry or gov't contracts (see ACA). The list is endless. 

Now, do your homework: look at the directors on the boards of the corporations and see how they are linked. Next, read about foundations- corpoarte tax dodges that allow families to retain control without paying taxes. 

If you still remain in the dark, recognize that a small number of families control central banking, always siphoning off value through dollar inflation and interest on unpaid debt that they create and manage.

 

Wed, 12/11/2013 - 21:43 | Link to Comment alien-IQ
alien-IQ's picture

can we get back to how it's all the fault of the welfare moms and how raising the minimum wage will destroy america?

Wed, 12/11/2013 - 21:47 | Link to Comment overexposed
overexposed's picture

Meh - As someone who believes the government absolutely destroys everything it touches, I'm 1000% glad that these companies are doing their fair unshare to starve the beast. Giving $500 billion more dollars to politicians will solve exactly ZERO problems with this world.

Wed, 12/11/2013 - 21:53 | Link to Comment alien-IQ
alien-IQ's picture

Actually, you are 100% wrong. that money does not starve the beast, it feeds it. It feeds it by way of it being used to buy politicians who then draft laws that make sure that the tax burden always falls on the poorest, not the richest, and especially not the richest corporations.

That 500 million you claim is not going to politicians is actually money that is not going to fund roads and schools and a thousand other public services that are needed in any civil society. All they've done is replace the 500 mil in taxes with 50 mil in direct political contributions.

But somehow, I suspect I wrote this comment for naught. You seem certain of what you know. C'est la vie. (yeah..that's French, and yeah...they're socialists. Deal with it.)

Wed, 12/11/2013 - 22:00 | Link to Comment overexposed
overexposed's picture

You must've missed the part where almost 2/3rds of the taxes we contribute "for roads and schools" ends up going to public pension and welfare programs.  As long as that's the case, the whole thing can burn as far as I'm concerned.

In case you're the visual type - Federal taxes collected: http://research.stlouisfed.org/fred2/series/W006RC1A027NBEA?cid=107

Public infrastructure construction: http://research.stlouisfed.org/fred2/series/TLPBLCON?cid=32436

Hasn't even cracked 1% of federal outlays in 30 years, so stop it with the whining.

Wed, 12/11/2013 - 22:06 | Link to Comment greatbeard
greatbeard's picture

>> You must've missed the part where almost 2/3rds of the taxes we contribute "for roads and schools" ends up going to public pension and welfare programs.

I'll admit it, I missed that part, and your two links certainly had nothing to do with it.  Where do you come up with this bit about 2/3s going to pensions and welfare?

Wed, 12/11/2013 - 22:21 | Link to Comment overexposed
overexposed's picture

Pie chart speaks truth: http://www.usfederalbudget.us/welfare_budget_2012_4.html

Edit: Okay, so 2/3rds is "slightly" generous -- Looking at FY16, we see DC is planning on spending 2.7T on "pensions and welfare," out of 4.4T total - 61% is just shy of 66%, so I was a little off.  But as you can see, we're headed farther in that direction - Particularly when the truth of Obamacare's abject failure hits home.

Thu, 12/12/2013 - 02:55 | Link to Comment Bazza McKenzie
Bazza McKenzie's picture

Actually 10% and going up is interest, which is not a direct expenditure in itself but the cost of past direct expenditures funded by borrowing, so interest should be reallocated to the direct forms of expenditure.  When you do that your 2/3 is pretty spot on.

Thu, 12/12/2013 - 09:43 | Link to Comment Sean7k
Sean7k's picture

Just to be clear, it is always better to look at actuals, rather than budget numbers. Further, welfare is just 10% of the total, with pensions and healthcare at about 23% each, as well as the military at 23% also. The scary story is in actual government operations- they are insignificant. Which should drive home the point of debt spending by central banks to create debt that would not normally exist in a minimal governing system.

Lastly, we are not including FED balance sheet and off balance sheet activities, which are larger than any of these categories, yet we remain on the hook for.

Wed, 12/11/2013 - 22:37 | Link to Comment monkeydart
monkeydart's picture

It would be interesting to see how many miles of roads have been built/replaced as opposed to just an arbitrary dollar amount. My guess is the dollars keep rising and miles keep falling. 

Wed, 12/11/2013 - 22:47 | Link to Comment overexposed
overexposed's picture

That's not really that surprising - the cost of labor has gone up like 3000 percent over the past 40 years.  Between the wage regulations and the mandatory unionizations involved in many of these DOT projects, there's no way you're getting your mile for the same price you got it for in 1965.

Thu, 12/12/2013 - 01:08 | Link to Comment alien-IQ
alien-IQ's picture

"the cost of labor has gone up like 3000 percent over the past 40 years"

Are you on fucking crack or are you just that fucking insane? The cost of "LABOR" up 3000%?

I hope you remember to wipe after pulling stats like that out of your ass because they are totally full of shit.

Wed, 12/11/2013 - 21:55 | Link to Comment A. Magnus
A. Magnus's picture

Starve the beast? They ARE the Beast! What, you think payoffs with envelopes stuffed with cash don't happen? You think politicians came by their lavish lifestyles through hard work? Give me a fucking break. All these fuckshits are doing is making sure that their payoffs are done OFF THE BOOKS. Fairy tales about corporations run by inbred blue-bloods somehow being knights in shining armor to save the day for capitalism belong with all the other skittle-shitting unicorn fables...

Wed, 12/11/2013 - 22:04 | Link to Comment overexposed
overexposed's picture

Whatevs.

Wed, 12/11/2013 - 22:19 | Link to Comment suteibu
suteibu's picture

The Japanese business lobby was one of the most vocal advocates for increasing the consumption tax which might seem counterintuitive to some.  In return, they will receive corporate tax cuts, stimulus projects, and Japan's entry in to the TPP whereby Vietnam will become the center for the manufacture of products sold in Japan - the Made in Japan label will be changed to Made BY Japan - and shipped to Japan tariff-free and cheaper than manufactured in Japan.  Only those who own the politicians and regulation-writing bureaucrats can make such a sweet deal for themselves.

In a more direct response to your comment, businesses should advocate for lower income and property taxes for all of their customers.  That they do not should be telling for anyone who thinks about it.

Wed, 12/11/2013 - 22:26 | Link to Comment overexposed
overexposed's picture

Makes sense - though to be fair, the relationship between business and government is far more blurred in Japan than anywhere else, is it not?

Wed, 12/11/2013 - 22:38 | Link to Comment suteibu
suteibu's picture

I think it is the same everywhere.  The ownership of politicians and bureaucrats in the US seems on par with Japan (how many Goldman people are in positions of power in the US government, the EU?  Obama's economic adviser is GE's CEO.  Another unofficial adviser is Buffett.  I hardly see the difference.)  Welcome to corporate/bureaucratic/political globalization. 

Wed, 12/11/2013 - 22:38 | Link to Comment overexposed
overexposed's picture

Can't argue that.  Zaibatsu all the way!

Wed, 12/11/2013 - 23:31 | Link to Comment suteibu
suteibu's picture

Indeed.  That's the system made illegal by MacArthur post-war (family ownership).  It is a term no longer used in polite company.  It is now the keiretsu, same interlocking ownership/cross board scheme without the Imperialist connotation.

The one positive thing I will say about it is that it keeps out heavy Wall Street ownership.  Poison pills against foreign takeovers everywhere.  Unfortunately, that all goes away with the TPP.

Thu, 12/12/2013 - 08:59 | Link to Comment SilverDOG
SilverDOG's picture

suteibu

 

The KISS way (keep it simple stupid) was written bt the founding fathers.

Tax capital gains and corporate profits NOT income.

SIMPLE ..... for stupid, as cost to corporations will be passed to and paid by consumers.

Not funding the oligarchy spawn to live in a tax free corporate meth house, and forage

taxes from income taxed, debt ladened(sheeple), depression embarking, not rich class.

 

 

 

Wed, 12/11/2013 - 21:54 | Link to Comment Goldilocks
Goldilocks's picture

WALL•E’s “Day At Work”
http://www.youtube.com/watch?v=QHH3iSeDBLo (1:19)

Wed, 12/11/2013 - 23:01 | Link to Comment Hayabusa
Hayabusa's picture

Clearly Washington is bought and paid for by Corporate Amerika.  The sociopaths in Washington had no difficulty saying/doing whatever it took to get elected (with corporate Amerika's financial assistance).  From that point, their vote/assistance was for sale to the highest bidder(s) - this was the easy part as sociopaths have no conscience.  It's to the point now where it's getting easier and easier for our "elected officials" to be bribed because money is generated by the financialization process that is most of our bankng/economic system... why work for money when one can simply charge more for fossil fuels, charge interest on loans on money the Federal Reserve gives to banks - which is generated with the keystroke of a computer- then multiplied via fractional reserve banking by a factor of 10x (charging interest on all of it)... making a killing and killing the rest of us peasants in the process. I have to say I'm envious... they've rigged the game, made it legal, gotten obscenely wealthy and convinced the majority of the sheeple it's for the greater good... stupid, stupid, scared sheeple anyway.

Thu, 12/12/2013 - 00:22 | Link to Comment Colonel Klink
Colonel Klink's picture

Well there's a bunch more companies to add to my Boycott list.  Damn, seems like shopping with mom and pop shops is the better way to go.

Thu, 12/12/2013 - 01:30 | Link to Comment CunnyFunt
CunnyFunt's picture

Auric Goldfinger: Man has climbed Mount Everest, gone to the bottom of the ocean. He's fired rockets at the Moon, split the atom, achieved miracles in every field of human endeavor... except crime!

Thu, 12/12/2013 - 01:53 | Link to Comment vincent
vincent's picture

I remember hearing once that taxes were for the little people...

Turns out the Old Bat was right.

https://www.youtube.com/watch?v=qDiOO0BbkP0

Thu, 12/12/2013 - 02:00 | Link to Comment ChaosEquilibrium
ChaosEquilibrium's picture

DAX and DOW futures have an exact 100% candlestick correlation over the past hour!?!?!?!?

 

WTF.........I have NEVER viewed 2 independent indexes move with 100% correlation.....UNLESS....!!!!!

Thu, 12/12/2013 - 02:10 | Link to Comment ItsDanger
ItsDanger's picture

The US tax code is absurd in the way it treats offshore income at the corporate level.  How this isnt a major issue EVERYDAY is beyond me.

Thu, 12/12/2013 - 09:37 | Link to Comment GoldIsMoney
GoldIsMoney's picture

Why should one pay voluntarily taxes if you can escape them legally? If I knew I would do exactly the same thing. And don't come along with "social justice". Who who wants pay taxes should do so, but those who do not want should not. 

Imagine what harm states have done to their citizens over and over again and I should be "lucky" to pay them for that crimes? Forget it.

Thu, 12/12/2013 - 04:22 | Link to Comment reader2010
reader2010's picture

"Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power."

- Benito Mussolini

Thu, 12/12/2013 - 04:40 | Link to Comment Ghordius
Ghordius's picture

this is one of the most misunderstood quotes evah. "corporate power", in that context, means both corporations = companies and corporations = trade unions

this is not a fancy linguistic interpretation, then corporativism in europe was understood then in the context of it's medieval guild roots

the Italian fascists of that age were for balance between both sides, between socialism and capitalism. of course under their fist and guidance

Thu, 12/12/2013 - 10:56 | Link to Comment falak pema
falak pema's picture

Ghordius,

Be that as it may, the French Gaullist construct, post 1958, of State plus oligarchy industrial combines (later the CAC 40 companies), all corresponded to the enactment of this Mussolini rule which was an extension of old time french Colbertism.

The social compact of 1968 (Grenelle agreement), in the aftermath of Gaullist personal mantra collapse but not Gaullist state apparatus collapse, put the Trade Unions in the loop by making them cosignatories to the management of the welfare state agenda (Pensions, Social security and Medical aid), thus putting all three segments of society into a unified state cum corporate strategy, but where the trade off between labour and capital has gradually deteriorated over forty years under the forces of globalisation; (oil imports at 1973 + prices plus Reaganomics labour arbitrage outsourcing and financial asset economy surge); and resultant deficit spending and debt borrowing have accumulated like a rising river overflowing its banks. France's statist led economy then spiralled into the Euro compact without tightening its distended economic belt. 

France now has a straight jacketed economy run by technocrats which benefits the Oligarchy corporations as THEY make their profits abroad in a globalised world; all the while the State has ensured them, by championing their near monopoly hold on national market, a huge launching pad, often tax incentivised, to develop their world presence. Consequence? The national economy is atone as all small company challenge has been throttled by State cum large corporate mutual back scratching; totally unjustified.  The state top bureaucrats often end up as top corporate barons via state string pulling on their behalf. Its PURE crony elitist capitalism and now its gone viral as these guys run the banks and are the first to OUTSOURCE jobs to third world where the lolly is. Our governments have thus locked themselves into a regressive minded ALESIA fortress of their own making. 

Julius Caesar, aka global hegemon,  can laugh his head off at this gallic Gaullist legacy, as history repeats 2000 years later! 

Its back to the drawing board France for a future doused in economic stagnancy or attrition. 

Thats why the current emphasis of French military expansion in Africa is considered vital in some elitist circles. There is a huge potential swathe of Africa under CFA and Euro monetary tie up, about 300 million population that could be in coming years a market to be nurtured jointly by the EU for economic development stretching from Dakar to Darfour and from Algiers to Kinshasa. What Bismark dreamt of acquiring and what Belgium, France and UK raped to their own benefit during the late 1800s upto WW2 reset.

Can they make it a true commonwealth where economic growth is shared? 

Can they spread the Mandela legacy to the Sahel region; all the while strengthening it in the southern regions of anglo culture? 

Hmmm...It requires an awesome change of mindset and an ambitious plan for the old euro continent to fulfill this untold story more in line with its own post WW2 union construct.

Jean Monnet/Schuman legacy applied to African union as partner to Euorpean union? 

Some dream for the peak RM age! (and Desertec type renewables).

Thu, 12/12/2013 - 04:23 | Link to Comment JailBanksters
JailBanksters's picture

And the same companies at the top of food chain are also the same ones that pay the least amount of Tax.

And companies like exon and shell manage to turn paying tax into a profit.

Thu, 12/12/2013 - 04:56 | Link to Comment The_merovingian
The_merovingian's picture

Nobody shocked that there are 4  huge Chinese banks in the top 10 ????


They got rid of their opium addiction, now they seem to be hooked on hopium and cheap loans.

This will not end well!

Thu, 12/12/2013 - 07:18 | Link to Comment Peterus
Peterus's picture

That was my tought on this image.

Extreme profits in a banking sector that is financing expansion way over any sensible capacity in industry and in construction. What could go wrong with this?

Thu, 12/12/2013 - 05:50 | Link to Comment put_peter
put_peter's picture

Oh and dont forget about Gold... it is just magical. So magical that gold stocks (especially miners) 'know' at NYSE close what the next day AM London fix will be. Of course if you start to play this arbitrage game suddenly the rules are changed.

Thu, 12/12/2013 - 07:16 | Link to Comment falak pema
falak pema's picture

With profits like these can you doubt why the Oligarchy pushes for assets to surge in 2014?

Banner year  = more profits, bonuses, dividends in 2014. All short term reasoning. 

The structural consequences of monetary race to bottom means the consumer model of 99% economy will dry up as the outsourced rage and addiction will not abate and then these corporates will be faced with a huge shortfall in home markets as their debts will one day hit an asymptote, making ALL asset segments increasingly fragile.

All their profits will not save humpty dumpty if the first world market collapses 'cos the labour component of GDP (consumption) has dried up! Krugman understands that and wants the CBs to keep printing to feed the critical first world consumption, hoping that debt will debase itself monetary wise.

Some awesome casino play unknown to man in his collective time line!

Without real growth the bubble has always burst in past, whatever the Shaman of the day said! And for real growth we need, first and foremost, cheap sustainable energy...to fuel cheap money meme! 

Those third world markets' sheeple consumption, by definition of this asset pumping model's miserly labour arb meme, generating these mega profits,  cannot replace first world debt fed guzzling with their meager earnings; no way; to feed ALL these T-REXs. There will be dinosaur blood and that will trigger a reset or war as these dinosaurs are all interlinked by their banksta hatcherys very sensitive to viral financial plague.

You can see the tensions rising from this race in monetary debasement, in increasing profit grabbing ratcheting up the asset paper valuation and RM scraping of bottom of the barrel, aka Putin singing please help me at Sotchi and also in Arctic circle... and West singing : China watch out in South China sea...

When T-REX Oligarchs fall out...as they will when the party brutally stops. 'Cos 1 to 2 trillion of annual Corporate profit means 1 to 2 trillion MORE annual debt on public ledger and its cumulative interest spiral at the expense of 2  billion global middle class small time consumers and investors. No debt fed lunches or Ipads one day for such a economically zombied population.

George Orwell and Huxley have nailed THAT truth for us. 

Thu, 12/12/2013 - 07:21 | Link to Comment Racer
Racer's picture

And this doesn't mention how the gobmint subsidises workers who aren't paid enough by giving them food stamps in the US, tax credits in the UK etc., etc.!

 

Thu, 12/12/2013 - 07:25 | Link to Comment Sandmann
Sandmann's picture

Samsung only makes half the profits of Apple ? They must be INVESTING rather than Harvesting

Thu, 12/12/2013 - 09:37 | Link to Comment More_sellers_th...
More_sellers_than_buyers's picture

WTF HAPPENED TO THE TRILLION STIMULOUS WE PRINTED? Where did that money go? Why does no one ask? Am I nuts?

Thu, 12/12/2013 - 10:40 | Link to Comment El_Puerco
El_Puerco's picture

Here you have " the video" how it got to this point..

Suerte gente...

 

Pay attention on time index 23:00 

 

http://bit.ly/1bxbt0l }...

 

Saludos

Do NOT follow this link or you will be banned from the site!