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Old 12-18-2012, 01:41 PM
 
Location: Sierra Vista, AZ
16,502 posts, read 21,859,939 times
Reputation: 8701

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Quote:
Originally Posted by LordSquidworth View Post
They cannot print more money to support SS, only to pay back what they took out of it.
Social Security is solvent and if it were to need money we could eliminate the cap on the wage tax
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Old 12-18-2012, 02:30 PM
 
4,628 posts, read 3,688,288 times
Reputation: 14070
Quote:
Originally Posted by treasurekidd View Post
Don't stop looking there. What do you think is happening in Washington with our Social Security and Medicare? If politicians can raid our national pension fund, then surely it's ok for a few CEOs to do it too, right? THAT'S the one we should all be scared of. Washington makes Wall Street and Corporate America look like petty thieves.
Washington isn't a separate entity from Wall Street, and it certainly isn't a stranger in America's corporate boardrooms. This is the "game", our government is the big bad wolf while the corporate elite enjoy their newfound status as those who are "to big to fail". Who bailed out these robbers, us, or the government, in our name? Social security and every other government program is essentially the result of a corporate cabal that refuses to pay the help a decent level of benefits, instead, asking the taxpayer to provide these things. Of course we'll see the "investor class" jump up to defend this cozy use of government money, after all, the entire foundation for the principle of tax supported employee bennies is the fear of violating that most sacred of all cows, corporate profit.

To not understand this construct of government largesse being the brainchild of the mercantile class is paramount to not understanding our national history. Right from the beginning the upper class that came here to "manage" the Colonies did not want the "burden" of paying for human slavery, instead they opted for the "indentured servant" class from the lowest strata of English society to do the hard work, the pay was next to nothing and the poor "servant" was later left to rot from his years of abuse. Those African slaves were considered to be of some monetary value because they were Bought for a princely sum of money unlike the indentured person who could be had for very little, for a predetermined period of time.

Lest we forget, these same fellows that abused their countrymen so readily and cruelly, later asked them to be the bulk of the Continental Army that was mustered to fight the Brits. The "freedom" that our errant history has lead us to believe was the freedom from the English Crown's domination was in fact the freedom of the educated colonial upper class from British control of the riches of colonial production. It's always been about the money, not freedom. The first of America's politicians were businessmen, with a begrudging view toward labor. Slavery was supported by the new American government as was a lot of other horrendous deeds that supported the business case of America's new rulers, not a lot has changed since then........
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Old 12-19-2012, 01:22 AM
 
4,282 posts, read 3,138,256 times
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And now the elites have convinced the working class that it is in their best interest to abolish organized labor. One step forward, two steps back. The new indentured servant is the college grad working for 20 years to pay off his education debt.
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Old 12-20-2012, 03:23 AM
 
155 posts, read 499,083 times
Reputation: 85
It is hard to pay a man more than he is worth, and yet we have one delivering cakes and another one delivering bread.

We have imported sugar doubling, between a union with no money invested and a government with no money invested, and profit a dirty word it is time to close the doors, and move the money to China,

Union have driven vehicle cost through the roof while electronics have advanced and declined in price.

It is not how much you make but how much you take home, ever see a union built home, now they are scabs, and shop at Walmart, yet demanding union wages for burger flipper jobs,

Unions have now moved to Government jobs lets see how long it take to really kill things off with higher taxes to pay for greater expenses...

Union have never created a job, and yet have killed many.

Last edited by satman40; 12-20-2012 at 03:24 AM.. Reason: extra though
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Old 12-20-2012, 04:03 AM
 
4,282 posts, read 3,138,256 times
Reputation: 2700
Quote:
Originally Posted by satman40 View Post
It is hard to pay a man more than he is worth, and yet we have one delivering cakes and another one delivering bread.

We have imported sugar doubling, between a union with no money invested and a government with no money invested, and profit a dirty word it is time to close the doors, and move the money to China,

Union have driven vehicle cost through the roof while electronics have advanced and declined in price.

It is not how much you make but how much you take home, ever see a union built home, now they are scabs, and shop at Walmart, yet demanding union wages for burger flipper jobs,

Unions have now moved to Government jobs lets see how long it take to really kill things off with higher taxes to pay for greater expenses...

Union have never created a job, and yet have killed many.
How many jobs have venture capitalists and greedy CEOs killed? Jack Welch, former CEO of GE, wasn't called "Neutron Jack" for his knowledge of nuclear engineering. Both sides share the blame for excess and greed.
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Old 12-20-2012, 11:11 AM
 
7,394 posts, read 4,325,460 times
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Quote:
Originally Posted by shaker281 View Post
How many jobs have venture capitalists and greedy CEOs killed? Jack Welch, former CEO of GE, wasn't called "Neutron Jack" for his knowledge of nuclear engineering. Both sides share the blame for excess and greed.
Venture capital isn't bad. Private Equity aka vulture capital is.
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Old 12-21-2012, 12:14 AM
 
4,282 posts, read 3,138,256 times
Reputation: 2700
Quote:
Originally Posted by LordSquidworth View Post
Venture capital isn't bad. Private Equity aka vulture capital is.
No, I do not think it is bad, quite the opposite. It is an essential part of our economic system. All parties have their own share of greed, self-interest and excess.
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Old 12-21-2012, 01:36 PM
 
16,392 posts, read 10,061,768 times
Reputation: 15055
Quote:
Originally Posted by EmeraldCityWanderer View Post

Hostess CEOS Take Pensions from Employees - YouTube

These are funds employees paid from their paycheck in order to contribute to their pensions, and the management that ran Hostess into bankruptcy confiscated it in order to run company operations. This violates their contract and the law. However, so far there are currently no plans to charge them with any crime. If there is not enough money in the company assets to put this money back the employees get nothing. The executives were paid bonuses after destroying the company and committing illegal actions.

It astonishes me that people wonder why corporate greed is hated in America. Tens of thousands of people are being robbed to line their pockets out of pure greed.
Yet when Govt Motors raided the pensions of their non-union workers, it was all to "save car manufacturing".

Why are you pissed about corporate greed, and not union greed? Oh yea, hypocrisy....
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Old 12-29-2012, 03:20 PM
 
5,656 posts, read 17,877,941 times
Reputation: 4043
emerald city wanderer - good links, thanks!
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Old 12-29-2012, 05:54 PM
 
48,508 posts, read 87,952,793 times
Reputation: 18168
One ony has to look at mnay states who have not apid into their pensio funds but spent it in other areas to see the same. Illoniis from what I have read hasn't paid in two years and even passed bonds for otehr spending.Pensio funds basically are ru under governamnt rules ands mnay are not fully funded as allowed.In bankrupsy the pension fund is just anther bondholder not even first i line under the benkrupasy alws.
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