GE boasted $7 billion in profit in 2023. So it must have paid a lot in federal taxes, right? If you guessed $1, you’d still be high. In fact, GE got a *refund* of $423 million. This is what I mean when I say the system is rigged for the rich. - ThreadSky

rbreich.bsky.social • 390 days ago

GE boasted $7 billion in profit in 2023. So it must have paid a lot in federal taxes, right?

If you guessed $1, you’d still be high. In fact, GE got a *refund* of $423 million.

This is what I mean when I say the system is rigged for the rich.

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ear-rational.bsky.social•390 days ago

But since they employ people, they get a “get out of paying fair taxes” free card, right? Or at least that’s usually the response. I guess we can take comfort that at least they’re making the accountants very rich.

voodooreagan.bsky.social•390 days ago

For years GE retirees have seen cut after cut to their pensions. Meanwhile they move more of their operations overseas. The home office is nearly a ghost town.

ninersx6.bsky.social•388 days ago

GE is owned by
Capital Research Global Investors 83 million shares,
Capital International Investors 54.5 million, FMR LLC at 66 million.
Blackrock 69 million.
Vanguard 88 million.

Thats where the money flows.

realdrnefario.bsky.social•389 days ago

Do you know why/how?

nightpups.bsky.social•390 days ago

wait, where is my $423 million refund?

miasmo.bsky.social•390 days ago

It's like they're trying to play a game of chicken with the guillotines.

usmc.bsky.social•389 days ago

Shame on you lobbyists
What was your wealth before you were the secretary of labor? And then after?

I bet it didn’t stay the same!!
Or go up a little bit.

olivececile.bsky.social•389 days ago

So, they paid $423 million and got it all returned? Or they actually made that like in credits or something?

bjburt1.bsky.social•390 days ago

I agree until I see differently

mementomorty.bsky.social•390 days ago

And yet GE continues to lay off a large amount of workers yearly and pay their engineers lower than the national average. Make that make sense.

drmag00.bsky.social•390 days ago

The rich can always get richer with no negative consequences for anyone. Nope. None. At least not that they can see or give a shit about?

catmominohio.bsky.social•390 days ago

Is GE owned by China?

immick.bsky.social•390 days ago

You mean the rich get richer and the guilty go unpunished ... it's going to be virtually impossible to change the America we are and have been. However, hope for equality and justice remains the hope of many.

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