Bernie can say pretty much anything and his followers will believe it. You’d have to not understand economics to begin with to be drawn in by the allure of socialism.
Because of that, there’s a lot he can get away with. Let’s take a recent claim he made: that Verizon paid no taxes. The only years that this is true are years that Verizon either had suffered losses – or years those losses were carried forward. In other words, years there were no earnings to pay tax on in the first place.
Verizon today is profitable, and believe it or not, is paying taxes on that money. Their CEO wasn’t going to let the record left uncorrected, and penned an open letter to Sanders appropriately titled “Feeling the Bern of Reality.”
His first accusation – that Verizon doesn’t pay its fair share of taxes – is just plain wrong. As our financial statements clearly show, we’ve paid more than $15.6 billion in taxes over the last two years – that’s a 35% tax rate in 2015, for anyone who’s counting.
Sen. Sanders also claims that Verizon doesn’t use its profits to benefit America. Again, a look at the facts says otherwise. In the last two years, Verizon has invested some $35 billion in infrastructure — virtually all of it in the U.S. — and paid out more than $16 billion in dividends to the millions of average Americans who invest in our stock.
“Feeling the Bern” of reality yet, Bernie?
This is only weeks after another CEO of a corporate titan, General Electric, spoke out publicly against the rhetoric of Bernie Sanders.
If Bernie really thinks that the rich control America, he may want to reevaluate angering them.
Share this post with friends and family on Facebook and Twitter and check out The Political Insider’s 2016 Election Center to stay on top of the latest breaking Trump news!