A little learning, indeed, may be a dangerous thing, but the want of learning is a calamity to any people.

- Frederick Douglas

If You Canít Receive, Take

Complaining about the Clear Politics of our country is fine, but look around and you see why we still have a good thing:

Vladimir Putin, the leader of Russia, has seen that Yukos, who was unable to pay an ever inflating tax bill, and whose president is in prison ó many believe for being against Putin ó is now in the hands of friends. How did it work? The government kept levying taxes until the tax was so burdensome that the company was forced into bankruptcy, where it was acquired by a shadow group who miraculously was purchased by another Russian oil company, Friends of Vladimir, you might want to say. As luck would have it, the Russian government approved the deal.


posted at 15:05:46 on 12/26/04 by clearpolitics - Category: Economics - [Permalink]

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Comments

More Yukos wrote:

The founder doesn't think it was such a good idea:

http://www.cbc.ca/story/bus...
12/28/04 13:37:44

More Yukos wrote:

And, Putin's own economic adviser called it the "fraud of the year."
12/28/04 13:39:02

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