horsemouthPlease Clarify My CSPPremium
join:2002-03-13
canada | reply to lolwhat
Re: GE $0 tax on $14 billion profit Pie are round. Even I know that! |
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 KrisnatharokCaveat EmptorPremium
join:2009-02-11
Earth Orbit
kudos:3 | reply to pandora
»Hoax Release: G.E. to Return $3.2Bill Tax Refund |
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pandoraPremium
join:2001-06-01
Outland
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| said by Krisnatharok:http://www.dslreports.com/forum/r25736756-
If GE can buy our government and get a trillion dollars from our government, they'd be crazy to return it. The problem isn't GE being greedy, the problem is we tolerate crony capitalism, and we tolerate lobbying that leads to corruption like this.
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"People demand freedom of speech as a compensation for the freedom of thought which they seldom use." |
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scross
join:2002-09-13
Cordova, TN | reply to horsemouth
said by horsemouth:Pie are round. Even I know that!
No, silly, pie are squared! Didn't you pay attention in Geometry class? Also, two pie are better than one pie! |
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 C_Kill The SocialistsPremium
join:2001-03-19
kudos:3 | reply to public
said by public:said by cmaenginsb:Actually both are needed to create jobs. "Poor" and middle class create demand, but without the rich to fund the expansion, no jobs will be created either. Incorrect. The middle class creates demand, the poor are an expense. The top incomes fund expansion only when top tax rate is high, which forces them to leave money in the business, allowing expansion. clearly you dont have a fucking clue, what else is new
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"and no matter how drunk you get .. don't lick the wall socket to test polarity..." |
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C_Kill The SocialistsPremium
join:2001-03-19
kudos:3 | reply to lolwhat
said by lolwhat:Y = C + I + G + (X - M)
keynesian bullshit, in reality g is a negative multiplier
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"and no matter how drunk you get .. don't lick the wall socket to test polarity..." |
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| reply to pandora
said by pandora:said by cmaenginsb:I have a big problem with the term "use". Your example shows that the company has done its research and identified a target market. You don't hear much about the tax lawyers who target the wealthy as being "users" but they make obscene amounts of money as well.
Entry level jobs are supposed to be just that "entry level". If a person is truly motivated, they will attempt to better themselves and move out of that entry level job into something that pays more. Over time if they are capable, they will continue higher.
Part of the problem I have found is that so many people, especially those younger then me, have the attitude that all they need to do is show up and put in minimal effort. They do nothing to create a goal and work towards obtaining it.
Those people are easily exploited by the types who wrote the GE story and want to increase taxes on the $250kers. Policies that will simply increase the gap between the super rich not help to create a stronger middle class.
We instead need to come up with a solution to motivate the poor and give them reasons to work towards their advancement.
My point was that depending on business, poverty in a community or region can be considered not only a positive, but absolutely critical to the a business plan. To say poor people don't create jobs, is to not understand how our economy works. U.S. poor are very wealthy (generally) by world or historic standards. My city will no longer construct housing for the poor without air conditioning. We live in the Northeast. For a young guy, who has dropped out of college, being a level 999 druid mage guild king / god somewhere is probably a lot better than being a short order cook at McDonalds. If he can work as little as possible and get back to his fantasy existence asap, he's probably happy. With computers, MMO's, and what not, almost anyone can have a more interesting online life than their often bleak reality. This wont change. Motivating people at the bottom tier of our society will be difficult as it is increasingly comfortable for many to remain there. No, that's why I said that the system is actually co-depenent. You need the poor for cheap labor sources as well as purchasers if you go after the low end market but without someone to start the company and others to invest in the startup, you have neither products nor jobs. |
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| reply to public
said by public:Expansion leads to long term equity, not necessarily profit.
Instead of taking out generous high tax salary, leave money in the business.
Maybe you would not, but that is an exception.
In Eisenhower era top tax rate was near 90% and it resulted in widespread prosperity.
I know you're smarter then to simply look at the tax rate as to why we were so prosperous.
One big reason was that during that time Europe was still rebuilding, as was Asia. So there was little competition both in terms of the labor supply and manufacturing giving us an edge. Flash forward to today where cut rate labor from China has taken all of the low skilled manufacturing jobs as well as manufacturing base for those products and you see a big reason for the shift.
And I would be the exception because I would take what I need to live comfortably and save the rest to build the business. But that's because I like building and creating things and watching them grow. |
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| reply to pandora
said by pandora:said by Krisnatharok:http://www.dslreports.com/forum/r25736756-
If GE can buy our government and get a trillion dollars from our government, they'd be crazy to return it. The problem isn't GE being greedy, the problem is we tolerate crony capitalism, and we tolerate lobbying that leads to corruption like this. But it goes back to how can we change it and stay within the constitution? |
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pandoraPremium
join:2001-06-01
Outland
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| reply to cmaenginsb
said by cmaenginsb:No, that's why I said that the system is actually co-depenent. You need the poor for cheap labor sources as well as purchasers if you go after the low end market but without someone to start the company and others to invest in the startup, you have neither products nor jobs.
Wealthy individuals can aggregate and create new products or services. They often do so by exploiting the poor. Those in the middle class have a valuable skill or accreditation that they can trade for a superior lifestyle.
I think of the economic classes in the U.S. as inter dependent.
At the same time, my belief is our financial system has been so corrupted that the federal reserve will destroy the dollar to increase home values so that banks won't have to carry the loss on mortgages they currently are confronted with.
In a year or two, we'll "discover" serious inflation, if unpopular action isn't taken, and inflation gets out of hand, it will not be as nice an America in 2020 as it was in 2000. Though that won't stop us from pointing fingers at each other. 
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"People demand freedom of speech as a compensation for the freedom of thought which they seldom use." |
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 GomezExile in waitingPremium,Ex-Mod 06-11
join:2001-02-21
Atlanta, GA | said by pandora:At the same time, my belief is our financial system has been so corrupted that the federal reserve will destroy the dollar to increase home values so that banks won't have to carry the loss on mortgages they currently are confronted with. So the evil bankers are going to destroy the currency that pays them the evil bonuses, so they can have put more real-estate that they have no chance of moving on the books..
The logical flaws are beyond me..
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pandoraPremium
join:2001-06-01
Outland
kudos:1 Reviews:
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| reply to cmaenginsb
said by cmaenginsb:But it goes back to how can we change it and stay within the constitution?
I no longer believe our government or culture function within the Constitution. We have replaced rule of law for rule by elites. The commerce clause as interpreted by our courts seems to repeal virtually all limitations on federal authority.
There is no longer a functional Constitution, our Supreme Court has become a Constitutional convention, and invents rights, and adds to the Constitution based on their personal bias.
As an example Obamacare (which is a government take over of 1/6 of our economy) will be decided not based on any Constitutional merit, but on the number of conservative vs liberal judges on the Supreme Court the day a decision is announced. The result will have nothing to do with our Constitution.
Can the commerce clause force us to buy a product the government wants us to? If the government can do this for one product, they can do it for many others in the future. We are losing economic freedom (and freedom generally) due to the growth of our government and it's never ending new powers (discovered by the courts as necessary).
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"People demand freedom of speech as a compensation for the freedom of thought which they seldom use." |
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pandoraPremium
join:2001-06-01
Outland
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| reply to Gomez
said by Gomez:So the evil bankers are going to destroy the currency that pays them the evil bonuses, so they can have put more real-estate that they have no chance of moving on the books..
The logical flaws are beyond me..
It's worse than that, the banks hold mortgages that essentially put them underwater. Not only are homeowners underwater, but so are the banks.
The FED will keep rates low hoping the value of homes will increase and make the banks whole (on paper) as well as the homeowners. Low rates also makes our Treasury happy, as we don't need to pay the real cost (private sector assessed) interest on our federal debt. Everyone is happy, inflation comes later.
Recognition of the mortgage losses would potentially put many large banks out of business. We now have a too big to fail mentality, many government regulators come and go to and from the large banks. Most have relations via a small circle of ivy league universities. It is rule by elites for elites imo.
Dealing with inflation later, will be another problem, if the inflation can't be managed, somehow government will find a way to secure our too big to fail banks.
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"People demand freedom of speech as a compensation for the freedom of thought which they seldom use." |
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nonymousPremium
join:2003-09-08
Glendale, AZ Reviews:
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| reply to pandora
Hay bother it is all politics and forum dies/ Stupid corrupt forum. Economics and drive influences all p[politics left and right and upside down. But it is the basis of it. Kill the forum lazy jackasses kill the debate and any answers no free it just\speach just profit from our yak. Restrain us for more profit justin do it now. |
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 lolwhatYou're getting warmerPremium
join:2001-06-11
PonziWorld | Drunk posting FTW! |
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