Tag Archive for JP Morgan

Big Enough to Get Felonies Forgiven

Did you, like so many Americans, lose your home, job, or retirement because of the games played by JPMorgan Chase, Citigroup, and Barclays, and others?  Those financial institutions added a good number of people to the ranks of the homeless and jobless and endangered older people who now, thanks to them, have little or no retirement money to live on.

It looks like they’re going to get waivers of their penalties and regain their “trusted” status, despite their pleading guilty to felonies (rigging exchange rates).

It’s not a done deal yet, though.  If this angers you, if you feel they shouldn’t be forgiven so easily, read more details on the Credo Action website and sign their petition.

 

 

Fewer Taxes for Corporations?

Poor FedEx, Amazon, Ikea, Pepsi, JP Morgan, Proctor and Gamble.  They feel they pay too much in taxes.  So they keep searching for ways around paying.  Now, thanks to Luxembourg, they and other corporations have a new path to minimizing their taxes.

That bothers me on so many levels.  The more people (yes, the courts have declared that a corporation is a person) who don’t pay their fair share of taxes, the more the rest of us have to pay if we want adequate basic services.  It means that people in poverty have less chance at life-sustaining jobs, therefore slimmer chances of lifting themselves up into a better life.  It means higher profits for corporations but not lower prices for us.

Get details about this new corporate tax break at the Sum of Us website.