Thursday, October 21, 2010

If you tax it they will leave.

Google, an American company created by Americans and used by Americans, pays 2.4% corporate income tax.

Google Inc. cut its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda.


The U.S. corporate income-tax rate is 35 percent. In the U.K., Google's second-biggest market by revenue, it's 28 percent.

Google, the owner of the world's most popular search engine, uses a strategy that has gained favor among such companies as Facebook Inc. and Microsoft Corp. The method takes advantage of Irish tax law to legally shuttle profits into and out of subsidiaries there, largely escaping the country's 12.5 percent income tax. (See an interactive graphic on Google's tax strategy here.)

Why would they screw over their own country this way? Because they -can-.  If you jack the tax the rich will run away and go live someplace cheaper.  They can, and they will.


The Phantom

Chevy Volt: It may not be a Ford, but it is a fraud.

How can you tell if a Democrat is lying? 

Government Motors' all-electric car isn't all-electric and doesn't get near the touted hundreds of miles per gallon. Like "shovel-ready" jobs, maybe there's no such thing as "plug-ready" cars either.

The Chevy Volt, hailed by the Obama administration as the electric savior of the auto industry and the planet, makes its debut in showrooms next month, but it's already being rolled out for test drives by journalists. It appears we're all being taken for a ride.

We heard GM's then-CEO Fritz Henderson claim the Volt would get 230 miles per gallon in city conditions. Popular Mechanics found the Volt to get about 37.5 mpg in city driving, and Motor Trend reports: "Without any plugging in, (a weeklong trip to Grandma's house) should return fuel economy in the high 30s to low 40s."

If his mouth is moving, he's lying.  The super duper all-Green all-electric all the time Volt is a plain Jane hybrid that gets worse mileage than a Volkswagen Golf TDI.  Shockah!

The Phantom

Shut-update! Muslim now trumps Black-and-liberal.

From our bulging "Shut UP! they explained" file today, a Lefty friendly fire incident! Liberal commentator Juan Williams jettisoned from NPR for saying this on O'Reily Factor:

"Look, Bill, I'm not a bigot. You know the kind of books I've written about the civil rights movement in this country. But when I get on the plane, I got to tell you, if I see people who are in Muslim garb and I think, you know, they are identifying themselves first and foremost as Muslims, I get worried. I get nervous."

Hey, I thought it was impossible for a Black man to be a racist!  Jesse Jackson said so, therefore it must be true.  Hell, Jesse Jackson even said other Black men made him nervous and still wasn't a racist.  These NPR guys are tough!

The Mean Spirited Phantom

P.S. I already don't -ever- listen to NPR or watch PBS, I suggest all of y'all do the same.

Sunday, October 17, 2010

Shut-Update! Tolerant Left gets billboard taken down by means of death threats.

In yet another bit of violent shut-uppery, a billboard featuring a Paul Snover cartoon of Barry Obama has been removed a week after it went up.

Those who know the owner say their friend decided to take the heated President Obama cartoon down after a flood of harassing calls.

"He got a lot of calls out of his place of business that he said he was fine with. When things got out of hand and people started calling his wife, that's when he decided to go ahead and take it down," says Blake Brueggeman...

Oh, those tolerant Lefties.  Peace love dove, baby!

Going to be an interesting next couple of weeks, as we see if the violent thugocracy currently in power can handle defeat.

The Phantom

Friday, October 08, 2010

Sun rises in East, sets in West!

In other news, Greenies [gasp!] lied to get what they want!  Shockah!

California grossly miscalculated pollution levels in a scientific analysis used to toughen the state's clean-air standards, and scientists have spent the past several months revising data and planning a significant weakening of the landmark regulation, The Chronicle has found.

The pollution estimate in question was too high - by 340 percent [yeah, that sounds like a miscalculation right?], according to the California Air Resources Board, the state agency charged with researching and adopting air quality standards. The estimate was a key part in the creation of a regulation adopted by the Air Resources Board in 2007, a rule that forces businesses to cut diesel emissions by replacing or making costly upgrades to heavy-duty, diesel-fueled off-road vehicles used in construction and other industries.

Here's the part I like, where they try to "explain" the "reason" for the "miscalculation".  The author writes like some kind of court sycophant from Louis XIV's France, its awesome!

The staff of the powerful and widely respected Air Resources Board said the overestimate is largely due to the board calculating emissions before the economy slumped, which halted the use of many of the 150,000 diesel-exhaust-spewing vehicles in California. Independent researchers, however, found huge overestimates in the air board's work on diesel emissions and attributed the flawed work to a faulty method of calculation - not the economic downturn.

The overestimate, which comes after another bad calculation by the air board on diesel-related deaths that made headlines in 2009, prompted the board to suspend the regulation this year while officials decided whether to weaken the rule.

Translating  from Sycophantese, the CARB poobahs got caught with their frickin' hand in the cookie jar up to the shoulder.  CYA  operations in full swing. "Run for the hedges boys, they're on to us!"

Run little greenies, run!

The Greenie Chasin' Phantom