The unpatriotic rich don't want to give back anything to America, they want to burden the middle class even more (Corporate Profit, treason)

[InformedConsent]

Originally Posted by GAisGreat

WOW...and if you truely belive the wonderful rich are just getting richer because they are such great investors...I have some ocean front property in Arizona I would like to sell to you...

Let's recap a little. The top 1%'s share of the wealth has DECLINED from its high in 1995 (under Clinton's admin, the rich were at their peak in terms of wealth share ownership). The rich are not getting richer.

Table 1, here:
Who Rules America: Wealth, Income, and Power

[pghquest]

Originally Posted by Neuling

Soak? Why would a rich person care if he has 500 million, a billion or 5 billion to spend? I am talking about wealth they have withdrawn from society, not assets like the money invested in start-ups or other companies employing people. Any money stored away on private bank accounts etc. is not helping to employ a single person.

Buffets wealth isnt sitting around in a private bank account.. Its sitting around in stock, to represent the amount of money INVESTED. This shows how very little people understand about "the rich".. Do you really think they sit on cash? They have to SPEND the money, in order to gain wealth..

Originally Posted by Neuling

I had also made more specific suggestion, quoting myself: "How about taxing capital depending on what is done with it, and in the case of investments on the duration, i.e. punish speculation and promote long-term investments."

Sorry you need speculators to provide short term liquidity and there isnt any way to avoid it.. What are you going to do, mandate that when you buy something, you dont have the right to sell it whenever you want?

Originally Posted by Neuling

Nor do I hate rich people. Sure, I look down upon them as they seem utterly unwise to me. But I don't hate them, they are not worth my hate or any other strong emotions.

What is so unwise to you? That they earn money by providing jobs? That seems like its a win/win for all, but we have liberals moaning and groaning all day long about them.

Originally Posted by cremebrulee

I saw the CEO of PP&L's home yesterday, and without exaggeration, it's at least 300 feet long and as wide. It's all real flagstone, with a circular driveway, built on the top of a mountain, and has got to be at least 4 or 5 stories high. It's got rounded towers built into the walls called drum towers, and all summer long, starting in early spring, all day long, he's had tri-axil dump trucks going back and forth, building up the side of the mountain for his inground swimming pool, and oh, it's got an elevator in it.

I've never seen such a home here in the United States, except the Castle in the Clouds in NH and the NewPort Mansions...it modistly resembles the Castle in the Clouds, however it's higher.

So what? There are a LOT of bigger and greater homes in america, many of them were created during a very high tax structure in america as well.. Ever hear of the Biltmore Estates? Sure sounds like a lot of envy, why do you care what he has?

Originally Posted by cremebrulee

These people should be ashamed of themselves...the CEO of our company makes 9 million dollars a year, and they spend millions of dollars, hiring consultants to come in and tell them how to do they're jobs.

So what you are complaining about now, is they spend millions of dollars, HIRING other people, advising them on how to best run the company to guarantee you have a job.. Really, thats your compliant now? WAAA WAA.. DONT INVEST IN OUR COMPANY.. WAAAA

Originally Posted by cremebrulee

The executives running this country, along with government, rape us, to live so extravengently, and then the President, has the nerve to threaten to stop social security. Do you have any idea what would happen to this country if that happened? I mean think about the repercussions of the decissions these people are making. They are all incompetent leaders, hiring aides to do they're work for them, and we're paying them and for the ruin of our country.

I'm absolutely no fan of the President, but lets be fair
1) If people had SAVED, rather than spent every dime they earned their whole life, they wouldnt be sitting back whining about their monthly welfare check.
2) Obama is not responsible for peoples failures IN THE PAST.
3) Whats ruining this country is we have every dam liberal in the world, sitting around moaning and groaning because someone else has more than they do, as if you somehow think we all should be paid the same.. Tell me ONE country that has survived with that mentality.. JUST ONE.

Originally Posted by cremebrulee

I know Obama inherrited a huge debt, but he has not corrected it...he's made it worse, all they do is continue to rape middle class and poor people financially...and WE PAY THEY"RE SALERIES????

Thats because government CANT fix it.. The private sector needs to grow ON ITS OWN.. If government creates a "fix", then its an artificial fix, and artificial anything, bursts.. looking at the dot com erra, housing bubles etc.. THEY ALL BURST eventually. Get government OUT OF THE WAY, and this country will recover faster than than anytime in history.

Originally Posted by cremebrulee

I've never seen the incompetence in the workforce as I have seen in the past 15 years. They spend huge amounts of money, and do not care about they're employees at all. And to boot, they reward bad behavior, workers who are constantly never showing up for work 2 and 3 days a week????

You've spent 15 years working for someone, who's paid you a salary, moaning and groaning about how they run their company. Tell me, why didnt you start your own, so you can care about your employees?

Originally Posted by cremebrulee

No one, but on one is worth 9 million a year and I realize, there are others out there making so much more...it's becoming an incidious nightmare, and these people don't care, they don't care that every year there are people dying, because they can't afford air conditioning or decent heat???? And the CEO, has the nerve to build a freakin castle? How dare he? How dare PP&L charge us as much as they do to pay this guy every year, and lets not forget Corporate bonuses.

There are LOTS of people in this country worth not only $9M a year, but $90M a year.. Luckily YOU dont get to decide what OTHERS are worth.. Those paying the salaries are. Dont like their salaries, DONT BUY PP&L products.. PERIOD. Those buying the products seem to deem their products are worth their prices..

Originally Posted by cremebrulee

It's dispicable...

Whats dispicable is you thinking YOU can decide what I"M worth.. YOU DONT.. waa waa waa, all day long, it wont EVER equate to you deciding another individuals salary until YOU get to be boss..

Originally Posted by cremebrulee

They are farming our jobs out to other countries, and the quality of those products are shoddy...

Then stop buying shoddy products..

Originally Posted by cremebrulee

Thanks for listening to my rant...

I found it quite humorous, thanks for the laugh this morning

Originally Posted by GAisGreat

WOW...and if you truely belive the wonderful rich are just getting richer because they are such great investors...I have some ocean front property in Arizona I would like to sell to you...

Yeah, they are getting richer because they are such poor ones.. haha.. you guys are on a non stop humor trip this morning..

One thing I learned about the wealthy, PRESERVATION OF ASSETS, is #1 priority.. Its not about returns, its about KEEPING what they have..

[arrgy]

Originally Posted by InformedConsent

Let's recap a little. The top 1%'s share of the wealth has DECLINED from its high in 1995 (under Clinton's admin, the rich were at their peak in terms of wealth share ownership). The rich are not getting richer.

Table 1, here:
Who Rules America: Wealth, Income, and Power

The article is meaningless since all the data stops 4 years ago.

[arrgy]

Originally Posted by pghquest

What is so unwise to you? That they earn money by providing jobs? That seems like its a win/win for all, but we have liberals moaning and groaning all day long about them.

They are not providing jobs, which is the problem. They are taking their profits, squeezing as much productivity as they can out of each worker knowing full well they can't quit and there is no unions left so they can not go out on strike. And what is the result:

GE paid no taxes last year.
GE made a $15 billion profit last year
GE cut its workforce 5.5% last year.

The same goes for many many companies.

How many people today who are lucky to have jobs, are working longer and more hours? Everyone I talk to says they work 50-60 hour work weeks. How many part time jobs have been created so companies can raise profits and not provide benifits? Why are we ranked near the bottom on the length of vacation time that workers take in the world?

You sound like the plantation owner in the south giving some sharecropper a job and saying see its a win/win for everyone.

What makes this recession worse, which you fail to address since you sterotype everyone as being on welfare and not saving a dime, is a lot of people this recession hit were middle class people, or people who have been employed all their lives. A lot of people lost their retirement savings in 401K plans, so in fact they did what you stated which was what again "Its sitting around in stock, to represent the amount of money INVESTED. This shows how very little people understand about "the rich".. Do you really think they sit on cash? They have to SPEND the money, in order to gain wealth.." What hurt the states this time around wasn't the huge rush to put people on welfare but the number of people on unemployment insurance. Those folks who had jobs and paid into the system. Now its effecting government workers. And now we are in a situation where if you invest your money in the safest investment on the planet, the US government, you may not get paid.

The solution is for companies to stop taking all their profits and bumping up their balance sheets to raise their stock prices. There is demand for products out there, companies need to start hiring people and start putting money back into circulation, otherwise the cycle will continue. And to blab about don't buy their products, what else can a person do when all these companies are allowed to merge and get so big that you don't know which company really owns the product you buy anymore.

Im no socialist, I believe in capitalism when the parts work. The parts are currently not working, companies are not hiring people when they should be. And dont blame the threat of corporate taxes and insurance. Companies would still show a profit if they hired more people, so more money can get into circulation and thus demand for their products would rise. Companies didn't get so big by being stupid, and not hiring workers when you make a profit, is stupid. The $15 billion profit GE generated last year very easily could turn into $30 billion even after any tax increase if they hired more workers, put more money into circulation. Just the PR alone would be amazing. "Look my company hired 10,000 workers when I could of sat on the money I made" you dont think people would see that and flock to buy stuff from them. That's called advertising. And as a matter of fact, by just keeping profits you go against the market system and are in fact anti-capitalist. Companies are doing exactly what you are argue against the government doing. You claim that government should get out of the way and not collect taxes, yet when companies keep huge profits and don't reinvest it, they are doing the EXACT SAME THING.

For some strange shadowy reason what companies are doing goes against history, and the opinion of every economist in the world, companies are just waiting...waiting for what perhaps (November) If you don't think there is a connection, then your a fool. Its going to be like Reagan and the hostages, amazing how those hostages were freed the moment Reagan swore his oath. This economy will be rebound, it will be on the Wednesday after the first Tuesday in November.

[InformedConsent]

Originally Posted by arrgy

The article is meaningless since all the data stops 4 years ago.

I see the "updated January 2011" escaped your attention.

There are frequently time lags in data analysis because the reports the info is drawn from are compiled after the fact. For example, we just found out in late April of 2011 that the best estimate (due to not yet fully complete data) the US Congress's Joint Committee on Taxation could give the US Senate's Finance Committee was that 51% paid NO Federal Income Tax in 2009.
http://finance.senate.gov/newsroom/r...1-ffc00b5c00ef

[pghquest]

Originally Posted by arrgy

The article is meaningless since all the data stops 4 years ago.

Actually the article points out some important facts.

You cant make rich people poor, you can only make everyone else richer. And you do that by REDUCING the number of people who rely upon government for day to day living expenses, and you allow market demands to increase labor costs thus reducing profits.

Artificial actions result in a reaction which is NEVER good for the lower sections of society.

[InformedConsent]

Originally Posted by arrgy

They are not providing jobs, which is the problem. They are taking their profits, squeezing as much productivity as they can out of each worker knowing full well they can't quit and there is no unions left so they can not go out on strike.

Who do you think gets the profits?

[pghquest]

Originally Posted by arrgy

They are not providing jobs, which is the problem.

So the 200,000 employees working under Buffet arent real? Who's running the Dairy Queens and shipping Coke bottles then? Who's writing Microsoft code for Gates? They arent employing people? One of the most laughable things I've read people say on cd EVER..

Originally Posted by arrgy

They are taking their profits, squeezing as much productivity as they can out of each worker knowing full well they can't quit and there is no unions left so they can not go out on strike. And what is the result:

GE paid no taxes last year.
GE made a $15 billion profit last year
GE cut its workforce 5.5% last year.

The same goes for many many companies.

FAIL.. The ONLY reason why GE paid zero taxes last year is Obamas stimulus package gave them a $3.2B in credits to research green energy. Again, LIBERALS WANTED THESE CREDITS to reduce pollution and emissions into the environment, reduce demands on natural resources, now they moan about them. YOU CANT HAVE IT BOTH WAYS..

Originally Posted by arrgy

How many people today who are lucky to have jobs, are working longer and more hours?

When liberals increased minimum wage, this decreased a demand for labor, and no business owner in their right mind will hire employees they DONT NEED.. Get used to it, I've worked 12 hour days for a decade..

Originally Posted by arrgy

Everyone I talk to says they work 50-60 hour work weeks. How many part time jobs have been created so companies can raise profits and not provide benifits? Why are we ranked near the bottom on the length of vacation time that workers take in the world?

WRONG.. People are working more part time jobs because GOVERNMENT mandates that expenses come with full time employees. Healthcare cost a PRIME example.. Work x hours a week, companies have to pay for y.. Solution, dont allow employees to work x hours a week. Liberals again CELEBRATE this stupidity legislation every single day, until the consequences kick in and they moan about the results.

ACTIONS HAVE CONSEQUENCES, we do NOT live in a bubble where governmental legislation isnt going to have an impact, and those impacts trickle down to the peeons at corporations. You want better work conditions, better pay, better benefits, a fairer wage, GET GOVERNMENT OUT OF WHAT THEY SHOULDNT BE DOING, which is mandating expenses..

Originally Posted by arrgy

You sound like the plantation owner in the south giving some sharecropper a job and saying see its a win/win for everyone.

So you dont think its a win to have a job? QUIT.. see if I care. Another bum on welfare moaning about how its so tough to survive on the generosity of others. Until they start to tax wealth, and not income, it wont affect me one bit if they increased tax rates to 90%!

[arrgy]

Originally Posted by InformedConsent

Who do you think gets the profits?

Well according to the guy above who posted the data.

The top 20% of the country that can afford to buy stock.

[arrgy]

Originally Posted by pghquest

So the 200,000 employees working under Buffet arent real? Who's running the Dairy Queens and shipping Coke bottles then? Who's writing Microsoft code for Gates? They arent employing people? One of the most laughable things I've read people say on cd EVER..

FAIL.. The ONLY reason why GE paid zero taxes last year is Obamas stimulus package gave them a $3.2B in credits to research green energy. Again, LIBERALS WANTED THESE CREDITS to reduce pollution and emissions into the environment, reduce demands on natural resources, now they moan about them. YOU CANT HAVE IT BOTH WAYS..

When liberals increased minimum wage, this decreased a demand for labor, and no business owner in their right mind will hire employees they DONT NEED.. Get used to it, I've worked 12 hour days for a decade..

WRONG.. People are working more part time jobs because GOVERNMENT mandates that expenses come with full time employees. Healthcare cost a PRIME example.. Work x hours a week, companies have to pay for y.. Solution, dont allow employees to work x hours a week. Liberals again CELEBRATE this stupidity legislation every single day, until the consequences kick in and they moan about the results.

ACTIONS HAVE CONSEQUENCES, we do NOT live in a bubble where governmental legislation isnt going to have an impact, and those impacts trickle down to the peeons at corporations. You want better work conditions, better pay, better benefits, a fairer wage, GET GOVERNMENT OUT OF WHAT THEY SHOULDNT BE DOING, which is mandating expenses..

So you dont think its a win to have a job? QUIT.. see if I care. Another bum on welfare moaning about how its so tough to survive on the generosity of others. Until they start to tax wealth, and not income, it wont affect me one bit if they increased tax rates to 90%!

Genius I am not arguing that they shouldnt pay taxes, I agree that taxes on corporations should be lowered IF companies do the right thing with their profits. I never said, raise taxes.

Again missing the point. Their demands would increase and they would need more workers if they started to hire more people.
So you support the idea of hiring people for part time work so companies don't have to pay for health care. You would rather have a sick part time employee that you get less productivity out of, rather than a healthy full time employee Knowing full well that the employee will probably not afford his own healthcare. I hope you have your next life picked out already buddy...