Posts tagged with ‘tax’

 

This is a brilliant ad by the Obama campaign. For those of you who ain’t familiar with what’s going on, American politics is really interesting. McCain-Palin (Republicans) brought in phrases into American newspapers such as “hockey moms”, “Joe Six Pack” and “Joe the plumber”. These phrases are used to stereotype the typical American.

The thing that got me interested in politics is not the results the politicians are going to deliver. After all, staying thousands of miles away from the USA makes little difference on who’s elected anyway. What made me look at politics is the speeches, or more precisely, the ingenious use of the English language to reach people emotionally.

Introducing characters is just one way of doing so. As stupid as these phrases sound, people actually remember them. You can laugh at time but as long as you talk about it (even in a negative way), you are spreading the point of the politicians indirectly.

I think of these characters as stock characters (in the theater arts way) as they’re recycled time and again for every election. And politicians would just rebrand them in some little ways to make them sound new again.

McCain-Palin campaign has numerous such characters. I’m sick of them but I still laugh at them (alone, since no one bothers about US in Singapore). Anyway, here’s one endorsed by the Obama campaign:

Obama campaign introduces Al the shoesalesman

Find out your tax cut under Barack’s plan at http://taxcut.barackobama.com whether you’re single or married with children.

Previously John McCain repeated mentioned Joe the Plumber during his speeches, claiming he is a concern citizen who prefers the McCain tax plans.

Just to digress

For those people who knows the location of my other blog, it’s a tough decision if I want to put this post in this blog or that which is rather US. In the end I figured I should put it here since I want this blog to have more of my opinion. The other blog is visited by McCain supporters and they blast me even when I post a video that’s pro-Obama. That’s freedom of expression for me I guess.

And speaking of “plumber”, Uzyn corrected me on my pronunciation. I had always been pronouncing it as “plumb-ber”. Read it wrong for many years. “Plum-er,” he corrected me.

 

I didn’t know IKEA is perceived as a charity. Interesting.

Is IKEA the World’s Largest Charity?

IKEA’s technically a charity. But before you write down the umlaut-riddled name of your most recent dresser purchase as a charitable donation on your next tax return, it’s worth exploring this ownership structure, which was brought to light by a 2006 article in The Economist.

Ingvar Kamprad founded IKEA in Almhult, Sweden in 1943 when he was just 17 years old. Kamprad originally sold low-priced consumer goods from his home and by mail, but added a furniture line in 1948. As the company began opening its trademark sprawling stores, Kamprad grew fabulously wealthy, although he retained frugal tastes like driving an aging Volvo and always flying economy class. By some debated estimates, Kamprad is the world’s richest man, and even Forbes’ more conservative accounting pegs him as the seventh-richest person in the world with a net worth in the neighborhood of $31 billion.

Why can’t anyone agree on how much Kamprad’s worth? Well, for one he doesn’t technically own IKEA anymore. In 1982, his ownership stake in the company was given to the newly formed Stichting Ingka Foundation, a Dutch charity. The foundation in turn administers the stores through Ingka Holdings, a wholly owned subsidiary that operates as a for-profit company.

It would seem that the entire charitable foundation is a clever, if dubious, way for IKEA to avoid paying taxes. In 2004, the company pulled in a 1.4 billion euro profit, but since it’s owned by a tax-exempt charity, it didn’t pay a dime. (Source: mental floss blog)

I still like IKEA though. Probably not the corporate side anymore but they make nice furniture.

 

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