National Center Fellow Questions GE CEO on Full Board Support for Carbon Taxes

Project 21 fellow Deneen Borelli asks General Electric CEO Jeff Immelt whether the full GE board is supportive of carbon taxes during the General Electric annual meeting in Salt Lake City on 4/27/11.

Project 21 is a program of the National Center for Public Policy Research. For more information on the National Center's shareholder activism regarding General Electric, go to http://www.nationalcenter.org/PR-GE_S...

This video has been posted for educational purposes only.

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  News & Politics

[whoo689]

The only people shareholder capitalism really helps are investors who make money off stocks, bonds, etc. and the corporate execs. And maybe a few politicians who gain from helping out their corporate cronies on Wall St.

[whoo689]

Your brand of capitalism HAS FAILED! So-called "free market" capitalism is nonsense. Regulated and fair capitalism is best for society. The Reagan Revolution IS OVER! It was a total failure, and trickle-down is nonsense. Supply-side economics has no basis in fact. It's funny. And ironically sad

You guys talk about how "vibrant" the capitalist system in America is... yet whenever someone proposes even the SLIGHTEST new regulation or tax, you GO BALLISTIC, as if they can't handle it.

[whoo689]

Why do you always give big conservative execs the benefit of the doubt, yet you bitch to LIBERAL execs about policies they support? It boggles the mind. You ALWAYS pass the buck when executives do conservative things or avoid paying taxes, avoid helping their employees out with things like healtht insurance, cutting wages, etc. It sickens me.

[whoo689]

Conservatives bitching about taxes on corporations makes it seem like there's NOTHING THEY CAN DO to either avoid or deal with the taxes... except that they make MORE THAN ENOUGH to pay the damn taxes!!! If you make several billion in profits, I fail to see how a small tax on carbon is really that big a fucking deal in the end. What, it'll reduce your profits from several billion to a few billion? To 500 million? Big whoop. That's STILL a lot of money.

[whoo689]

I love how conservatives bitch about taxes on certain corporations AS IF NOTHING CAN BE DONE to deal with them, EVEN THO, these big corporations, like ExxonMobil, make SEVERAL BILLION in profits! You know what profit is right? It's revenues MINUS costs! It's not revenues alone. So AFTER all their costs, they still have several billions left over. I'm pretty sure they could EASILY afford a measly carbon tax. And the tax would give them incentive to invest in more green technologies. so what

[whoo689]

What Deneen is IGNORANT of (or just hasn't looked into it well) is that a carbon tax has been supported by literally DOZENS, if not hundreds, of well-known and well-respected economists from all sides of the aisle, including Gregory Mankiw (pretty conservative, was on Bush's CEA and endorsed Romney in '08). So I really don't think some idiot from a think-tank that VERY FEW people probably even know about with such a stupid name (Project 21? Really??) knows more about its effects than economists