Sunday, November 22, 2009

Let's Tax the @#$% out of Hollywood!

One industry has thus far been able to escape punitive taxation, despite routinely employing shadowy accounting practices, spending fantastic amounts of money, and reaping obscene profits. It produces a product that often causes significant damage to the social environment. It raises its price to the consumer relentlessly, with no measurable increase in quality. Top employees can rake in $20 million or more in a single year, while frequently maintaining foreign residences to escape high tax rates. They often extract fat paychecks from their companies, even when their failures cost the company staggering amounts of money. While it generates much of its income in the United States, it’s one of the worst industries for outsourcing jobs overseas

Hollywood actors are generally outspoken in support of “social justice,” so they shouldn’t mind picking up the tab.

It's Brilliant! Read the whole thing Here

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