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Gee do you think that maybe rich people would be more generous if the government didn't take 1/2 their money so the "poor" can get their free (diabetes inducing) soda?
The rich are never going to donate enough money to replace social safety net programs? I posted an article from a very conservative source, if you aren't willing to accept their conclusion then feel free to find another.
The net profit for the top earning companies in 2016 were as follows:
Apple 45 billion
Berkshire Hathaway 24 billion
JP Morgan Chase 24 billion
Wells Fargo 22 billion
Alphabet $19 billion
Samsung $19 billion
Toyota $17 billion
Johnson & Johnson $16 billion
Walmart $14 billion
That is after tax, so if they were inclined to donate more to charity it seems like they were in a very good position to do so.
Essentially, they keep voting themselves more free stuff paid for by others.
That's nonsense. If the poor are all democrats and vote in large enough numbers to change the outcome of elections Donald Trump would not be sitting in the White House
The rich are never going to donate enough money to replace social safety net programs? I posted an article from a very conservative source, if you aren't willing to accept their conclusion then feel free to find another.
The net profit for the top earning companies in 2016 were as follows:
Apple 45 billion
Berkshire Hathaway 24 billion
JP Morgan Chase 24 billion
Wells Fargo 22 billion
Alphabet $19 billion
Samsung $19 billion
Toyota $17 billion
Johnson & Johnson $16 billion
Walmart $14 billion
That is after tax, so if they were inclined to donate more to charity it seems like they were in a very good position to do so.
I'm talking about private citizens. "Rich people".
The rich are never going to donate enough money to replace social safety net programs? I posted an article from a very conservative source, if you aren't willing to accept their conclusion then feel free to find another.
The net profit for the top earning companies in 2016 were as follows:
Apple 45 billion
Berkshire Hathaway 24 billion
JP Morgan Chase 24 billion
Wells Fargo 22 billion
Alphabet $19 billion
Samsung $19 billion
Toyota $17 billion
Johnson & Johnson $16 billion
Walmart $14 billion
That is after tax, so if they were inclined to donate more to charity it seems like they were in a very good position to do so.
The corporations don't get the profits. Their shareholders do. Guess who that is?
Millions of working and retiree Americans have $27 trillion worth of investments in their pensions (public and private) and/or retirement accounts.
For example, CalPERS, the California Public Employee Retirement System, is the largest (highest total value in investment holdings) institutional investor in the U.S.
Quote:
"Can you name the biggest American investor? No, it's not Warren Buffett; as a matter of fact, it is not a person. It is CalPERS, the California Public Employees' Retirement System"...
Exxon
General Electric
Microsoft
Citigroup
Bank of America
Johnson & Johnson
Wal-Mart
Pfizer
Proctor & Gamble
JP Morgan Chase
I'm talking about private citizens. "Rich people".
Trump just gave the ultra rich a big wet kiss in his tax bill, so maybe you would like to contact each of those people and tell them your plan...that they pay for all social safety net programs? Sounds like a noble cause
The corporations don't get the profits. Their shareholders do. Guess who that is? Millions of working and retiree Americans have $27 trillion worth of investments in their pensions (public and private) and/or retirement accounts.
For example, CalPERS, the California Public Employee Retirement System, is the largest (highest total value in investment holdings) institutional investor in the U.S.
Come on, people. STOP being financially illiterate. /SMH
We were talking about the ability for the rich and I included rich corporations in that to sustain our social safety net programs with charitable contributions. I have no idea what that has to do with CalPERS, maybe you lost track of what the topic was?
As long as you keep those who subside on the scraps from the rich people's table fighting over who gets more scraps, they'll not stop to wonder why they're being fed scraps in the first place. But Jay F, you are not supposed to broadcast that strategy. Bad drills.
That's what is great about our country. If you wanna be rich you're more then free to pursue that dream. If you're satisfied with working for wages that's your choice too. The problem is people like you who expect the french fry cook to be as wealthy as the entrepreneur.
We were talking about the ability for the rich and I included rich corporations in that to sustain our social safety net programs with charitable contributions. I have no idea what that has to do with CalPERS, maybe you lost track of what the topic was?
The corporations themselves aren't "rich." Their shareholders own the financial stakes in the corporations. Literally tens of millions of American workers and retirees, if not more, depend on those corporations being profitable to fund their retirement draws. If you can't understand that, my advice about not being financially illiterate anymore fits.
I would honestly like to know why some people can't/don't understand that.
Trump just gave the ultra rich a big wet kiss in his tax bill, so maybe you would like to contact each of those people and tell them your plan...that they pay for all social safety net programs? Sounds like a noble cause
They still pay way too much tax. Why should some pay millions and others pay nothing?
The corporations themselves aren't "rich." Their shareholders own the financial stakes in the corporations. Literally tens of millions of American workers and retirees, if not more, depend on those corporations being profitable to fund their retirement draws. If you can't understand that, my advice about not being financially illiterate anymore fits.
I would honestly like to know why some people can't/don't understand that.
Why don't you stay on topic? We were talking about private concerns supporting our social safety net programs through charitable contributions.
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