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RE: Halliburton and the Bush II Krewe « Lamentations on Chemistry

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RE: Halliburton and the Bush II Krewe « Lamentations on Chemistry
by ubernoir at 4:44 am EDT, Oct 31, 2007

unmanaged wrote:

Anymore, criticizing the Bush administration is like having an unproductive cough- the stuff is so deep in there that you can’t hack up the obstructing mass. And so it is with the current president and appointees, who are insinuated into the deep recesses of power like a resistant strain of waxy mycobacterium.

Serial government haters all, the Bush II krewe has privatized large chunks of gov’t service work and handed it on a no-bid platter to loyal backers like Halliburton who are largely registered in tax haven countries.

Unwilling to make the ultimate commitment to the USA (or wanting cover its tracks), Halliburton moved its headquarters to the United Arab Emirates. Presumably to take advantage of the tax-free business environment and the lack of a troublesome extradition treaty with the USA. The status of Halliburton as a foreign contractor needs to be examined in public.

Yes, this is old news, but Americans should not forget this outrage. According to HalliburtonWatch, Cheney himself increased the number of foreign tax haven subsidiaries from 9 to 44 during his time there as CEO.

There is nothing illegal about taking advantage of tax law. But at some point a company has to decide what country they support and what side of history they want to be on. That which is possible is not necessarily manditory. When money is the only scorecard, ethics fly out the window. Stockholders bear as much responsibility for this craven behaviour as do the officers. [*crunching* noise as I step off the soapbox]

Halliburton became a successful company in part through it’s use of resources provided by the US taxpayer. Halliburton used US government funded highways to get its goods and services moved around the US. Their security was provided by the Army, Navy, Air Force, and the Marines. Halliburton staff and stockholders are protected from epidemic by the Centers for Disease Control. Sewage from Halliburton office buildings goes into local municipal waste treatment plants. Physicians trained in publically subsidized medical institutions lance their boils and treat their childrens ear infections. The list of benefits from public infrastructure is substantial.

Now these greedy corporate ex-patriots want to shelter their earnings from tax liability. They don’t want to contribute to the upkeep of the very system that facilitated their ascent to wealth.

This entire thing is so dirty and so extensive, it will take a generation to understand it and legislate corrective action. The whole fetid, reeking mess is offensive.

organized crime?

i love the metaphor the post starts with - an unproductive cough - that's great

RE: Halliburton and the Bush II Krewe « Lamentations on Chemistry


 
 
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