Dear Commons Community,
Joe Nocera, a new columnist for the NY Times, in “Who Can Blame G.E.?” provides a rationale for why G.E. is able to avoid paying any taxes. (I mentioned the initial story in an earlier posting.) Nocera lays part of the blame on the tax code that allows loop holes and part of the blame on the US Congress that enacts the code and is influenced by highly organized and well-financed corporate lobbyists. I will go a step further, G.E. is a prime example of corporate greed at its worst. As someone who loves New York, I will also remind everyone that G.E. was one of the worst polluters of the Hudson River for decades.