Once Again, You're Missing the Point!

Hello My Dear Friends! Can I just tell you that it isn't easy being the smartest Cat in the world. Seriously. Sometimes it's just plain exhausting. I realize that, since the disintegration of the media, it is very difficult for the average human to get the full story on any topic. But, seriously people, sometimes I think you're not even trying. Let's examine the merger story de jour. Burger King is purchasing Tim Hortons in what is generally called a "tax inversion strategy". What that means is that American owned Burger King buys Canadian owned Tim Hortons and becomes one big Canadian company. This effectively lowers the company's tax rate to about 26%, down from the oppressive US business tax rate of nearly 40%.  This is a practice widely criticized by the President, even going as far at one point, as calling it "un-American". Fine. The fascinating part of this story, the part no one seems to be talking about, is that Berkshire Hathaway is putting up $3 billion (or nearly one quarter) of the purchase price! Berkshire Hathaway is, of course Warren Buffet, the man who stood side by side with the President, denouncing this very practice. The same Warren Buffet who, while campaigning for the President, indignantly declared that he was paying a lower tax rate than his secretary, and that wealthy Americans had to step up and pay their share! Freaking hypocrite! Here's my point, the point I believe the media is missing. It's not that Burger King is buying Tim Hortons and moving to Canada. It's that, in spite of all of the rhetoric, campaigning and promises about tax reform, the wealthy in this Country can still do whatever they want to avoid paying their taxes while you and I struggle to pick up the slack. That's the point people. That's the point! Did you know that, in 2012, J.C.Penney posted revenues of $12.99 billion dollars and I paid more in taxes than they did? It's true. Not only did J.C.Penney NOT pay any taxes in 2012, they got a $551 million dollar tax credit. A REFUND! They're not alone. AMR corporation (American Airlines) had $24.86 billion in revenue in 2012. They paid NO taxes and got a $569 million tax credit. How about Verizon? $115.85 billion in revenue; $660 million tax credit. My personal favorite, Caesars Entertainment Corp. You may be familiar with their casinos. revenues of $8.59 billion and granted a tax credit of $871 million. People wonder how we're ever going to pay down this Country's $17.7 Trillion dollar debt. Gee, I wonder where we could find the money?
Po