Fat Cat Auto Industry Ceos Ride Priave Jets While They Beg for Taxpayer Dollars
So, the auto industry is desperate for money. GM, General Motors, Ford, they are all crying for money with their hands out. But all the Auto Industry CEOs make over 10 million dollars a year, in addition to special perks. The stories in the press have been scathing. And the American taxpayer is getting angrier and angrier-- and rightfully so!
Ford fired over 50,000 workers in order to save cash-- but they won't give up their luxury travel. Here's the numbers:
8 private jets, 1 trip a week = 160k. That is 8.32 million a year. There are three companies with these jets, that is 25 million a year. That does not even include the fee's for the airport when the jets are not in use.
The jets are worth 36 million each. If sold, that would be 864 million dollars.
Those jets, and a year of service are worth 22,225 employee's making 40k a year.
That does not even include the CEO's paycheck. Where is the common sense?
This is an absolute fleecing of America and the American taxpayer. Toyota, Honda, and all the other foreign auto manufactuerers are doing better than the American automakers. The US auto industry just can't get their own house in order. May it's time they learned a lesson.
So American jobs are all on the chopping block, but private jets for executives are non-negotiable (according to the auto makers). In my opinion-- they deserve to lose their shirts. They are already morally bankrupt-- they deserve to go financially bankrupt.
Related Tags: ceo, taxes, ford, gm, auto industry, ripoff, bailout
Christy Pinheiro is an Enrolled Agent and holds a Bachelor's degree from San Jose State University. She was a staff accountant for a private CPA firm and also for the State of California before going into private practice. She is a Member of the National Association of Tax Professionals and the Association of Certified Fraud Examiners. Her finance and tax articles have been published in numerous periodicals. She is the author of Pineapple Guides' IRS Enrolled Agent Exam Review book series. Christy has an active tax practice in Sacramento CA, where She lives with her husband and two children. See her website at http://www.ChristyPinheiro.com and subscribe to her tax blog, http://thetaxblog.blogspot.com/ or her UFC Fan Blog at http://malebodybuilding.blogspot.com/ at Blogspot.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Third Term - The Obasanjo Syndrome ... Ambition and the Place of God
I recently read a post in a blog (multibrand.blogspot.com) concerning President SBY of Indonesia amb - Black Veterans Still Not Receiving Their Due
With a Black President, many discussions have been re-kindled regarding the treatment of Blacks in v - Are Green Party Candidates Converting Voters?
Have you noticed that the Green Party Convention is hosting a few training sessions which include th - The National Debt: Young Americans Are Inheriting a Sinking Ship
The greatest fundamental weakness of the United States of America is its national debt. Debt weighs - America Must Return to Its Free Market Roots
The United States is the most prosperous country in the world. Its economy has been a constant engin - Policies Of President Obama And Democratic Congress Severely Undermine Job Opportunities For Young Americans
For Young Americans, this is the worst job market in decades. Despite politicians claiming we are on - The Virtues Of A Limited Federal Government And Why America Must Return To The Limited Federal Republic Laid Out In The Constitution
I consider the foundation of the Constitution . . . that 'all powers not delegated to the United Sta - Young Americans Have Largest Stake In Maintaining A Strong Military And Effective Homeland Security Policies
Americans are truly blessed to live in a country protected by the most powerful and effective milita - Why Hitler Wanted To Ban Guns
Whenever the name Adolf Hitler is mentioned one automatically makes a connection to the Holocaust, N - What Happened To The Mohave County Downwinders?
I always get a bit frustrated when I hear that the reason Mohave County was excluded from the Radiat
Most viewed articles in this category:
- Designer Shoes Come First In Global Poll Of Most Wanted Accessories
For both men and women, shoes have long been an essential fashion item. In fact, many women in popul - New US Ambassador for Indonesia Named
The US government has appointed Cameron R. Hume as the next ambassador to Indonesia, reliable source - 1984 By George Orwell
1984 by George Orwell In the book "1984" Orwell criticizes totalitarianism of all types and brings - Chaos Theory: Bush's delusions & Iraq's destiny (Part 2)
The classic counter-insurgency strategy of the US consists of the "ink-blotch" approach. This involv - Will Israel Attack Iran (Part 2)
In November of last year, I wrote an article speculating about whether or not the Israelis would tak - Rodrigues Island 'autonomy'
Rodrigues Island: 'Autonomy' The first few pages were qui - Obama Is Coming, Clear The Way!
"Obama biro, yawne yo!" (Obama is coming, clear the way)—Tens of thousands of cheering Luo "Tr - African Tribes
African Tribes In this article the economies and lifestyles of such African tribes as the Lele and - This Is Not Your Dad's Republican Party Anymore
Stock markets are strange because they reflect the sum total of all our hopes, fears and prejudices - How to Drastically Reduce our Foreign Oil Dependency While Saving you Money at the Pump
If you watch or listen to the news, discussions come up all the time about the price of a barrel of
