Facebook Gets a Multibillion-Dollar Tax Break

businessweek.com

15 pointskumarski3 comments

So, Facebook invites Obama to their HQ to give a "townhall", then many of their execs contribute heavily to his campaign, and then Solyndra, er, Facebook gets a massive tax break. This is one of the many reasons why I, too, have made Obama a secular substitute for Jesus and anti-racism an easy-to-satisfy substitute for a more rigorous personal morality.

In other news, Facebook co-founder Chris Zell has purchased The New Republic magazine and turned it into magazine so pro-Obama that even its former owner, Martin Peretz (himself an Obama supporter) has attacked it.

http://pjmedia.com/ronradosh/2013/02/14/the-new-new-republic...

Facebook is taking advantage of a long-standing loophole in the tax code, not the President Obama Decrees Special Breaks For Buddies Act of 2013. There is a story here about the insidious influence of major corporations, but it's considerably more nuanced than the one you're pitching.

Businesses don't take sides in politics. They contribute to whomever will make their lives easier in the government and currently has the power to do so.

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