Apple is one of America's most profitable companies. And it pays a substantial income tax bill to the U.S. government -- by its own account, $6 billion in 2012 and an estimated $7 billion this year.
But many tax experts and lawmakers say Apple's tax bill should be bigger. A lot bigger. read more
I am not enthusiastic about the US tax payer bailing out out these people. Their financial problems appear to be self inflicted, i.e. no insurance, lax regulation and inspection, and supported by the state i.e. no regulations requiring adequate insurance, adequate storage of chemicals, etc.
Although it is unlikely, suppose the town is rebuilt and another disaster befalls them? Is the US tax payer supposed to bail them out again? Unless the situation changes with respect to insurance requirements and regulations, the answer is yes.
Where is that independent Texas spirit? That spirit that provokes some (many?) of them to proclaim that they should secede from the United States?
Texas is a red state. Where is that good conservative notion of accountability? Why isn't the corporation that caused this disaster being held accountable? Why haven't the managers that approved the storage of such volatile chemicals in such a hazardous way been held accountable?