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Episode 428: Arnie Arnesen Attitude March 21 2024
Manage episode 408182349 series 3371230
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Part 1:
We talk with Will Rice, Communications Consultant with Americans for Tax Fairness.
We discuss how corporations avoid paying their fair share of the tax burden. The Trump tax cuts even cut their taxes (and those of their rich shareholders) even further. The top 5 executives of large corporations are paid more than the corporation pays pay in taxes, for example. We discuss some of the voidance schemes, including stock buybacks, and gaming the stock market by executives.
Part 2:
We speak with Lynn Parramore about Big Pharma's ongoing drug cost scams and rapacity. Pharmaceutical companies often claim that drug costs are high because of the cost of research. This is not true. Most of the profits are distributed as shareholder dividends, executive compensation, and for marketing. The drug companies are price gouging. A serious discussion of the consequences: high prices in US, and lower, controlled prices in the rest of the world.
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