So apparently, corporations/banks can avoid paying taxes by purchasing failing companies and using them as tax shelters. Does anyone disagree with the sentiment that companies who can only keep afloat via massive injections of capital from the federal government should be allowed to go out of business? I mean, they made their bed, now let them lie in it. Maybe then there will be room in the market for new and better companies to rise up and take their place.
Posted November 12, 2008 at 6:42am
