Rich vs Poor: 14 Funny Statistics And 14 Not So Funny Statistics About This "Economic Recovery" (companies, Walmart)
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Exactly, despite their Atlas Shrugged rhetoric the big boys in the ivory towers LOVE the US tax code. They set up a thousand regulations and taxes, but make sure they set up 1,001 loopholes that only they have the legal and financial prowess to navigate through. That way they crush competition under a mountain of red tape and fees, but they wiggle through the tax code like Barry Sanders on a football field. Then, then, they can cry about the "unfairness" of our "crushing tax and regulation system," and grab the mantra of patriotism and free markets.
Republicans eat it up, and Democrats either have such a high stack of corporate dollars that they can't see what's going on, or their too busy counting their corporate dollars to care. Thus the American public buys the lie hook, line, and sinker. Any regulation, even modest proposals is "SOCALIST MARXIST COMMUNISTIC SOVIET RUSSIAN CUBAN CHINESE UN-AMERICAN FILTH!"
Thus, the rich keep getting fabulously wealthy, the poor get poorer, and the middle class take what George Carlin refereed to as the "red white and blue (male reproductive organ)" up the rear end.
Well said. These people are monsters plain and simple.
They would not be fit to feed to pigs.
I don't. Unless the rich use policy that makes them even richer or prevents them from having to cut back like everybody else has to. I don't unless they implement policy that makes them richer but hurts everybody else .
It has been pointed out before that companies owe alligence to the share holders so if a share holder and top managment made a million more by policy that declined the middle class what does that say about the country's future? "I got my golden egg, it isn't my problem that I got it by making your wages decrease". Someone who is already a multi millionaire won't be hurt by increased charges on food, fuel and health care while a middle class person who once made $20 a hour but now must accept $10 that will put a huge burden on living. And that once middle class person who has to accept half so the top can be even richer, it will come back to bite later.
If a medical operation costs 30k for a average person, if they were to charge a multi millionaire 3 million for the same operation or triple the price of food for a milllionaire then maybe the rich would feel the effect of a bad economy like everybody else and then maybe they ccould relate. But it doesn't work that way.
The best thing that could happen is if a nuclear bomb went off on Wall Street.
They care not one iota about the country and I care not one iota if they fry or explode from a nuke.
You completely missed the point. The bulk of Americans (lower and middle class) MUST spend money and consume products in order for the economy to function. Two classes didn't work in the Soviet Union and it's not going to work for the US either.
Quote:
Originally Posted by Driller1
Any money from a private source is good.
It is goverment spending that kills the economy.
Please address the post. I said nothing in regards to government spending.
"The most egregious example is General Electric ( GE - news - people ). Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam.In fact, it recorded a tax benefit of $1.1 billion."
I agree but, have always given it 15 years to cycle.
I agree as well but I don't want to see taking money away from anyone. I want to see growing the middle class again. We had the biggest richest middle class in the world. Not no more. We need to work on rebuilding it.
Work hard get paid a good wage. Having said that we have had asset inflation for the past 30 years. The time has come to pay the piper. The assets are coming down in real value. This contraction is painful and slow. If we keep the assets from inflating as we inflate the economy then we can rebalanced the economy and have strong economic growth a whole bunch sooner.
I agree as well but I don't want to see taking money away from anyone. I want to see growing the middle class again. We had the biggest richest middle class in the world. Not no more. We need to work on rebuilding it.
Work hard get paid a good wage. Having said that we have had asset inflation for the past 30 years. The time has come to pay the piper. The assets are coming down in real value. This contraction is painful and slow. If we keep the assets from inflating as we inflate the economy then we can rebalanced the economy and have strong economic growth a whole bunch sooner.
That can't happen with the POTUS wanting us to be equal with third and forth world nations.
As long as Obama is in office, my money stays out of the system as much as possible.
That can't happen with the POTUS wanting us to be equal with third and fourth world nations.
POTUS Shmotus. The real power structure in the US is this: The plutocracy on one side the rest on the other divided in half between Dems and Repubs. The plutocracy wants the money. If they get all the money then we are the equal of the third and fourth world countries. I have said we need to up the minimum wage by 4X. This will do a lot of nice things to the economy and some not so nice things as well but it will restore our middle class as it will tend to force a devaluation of our currency.
Quote:
Originally Posted by Driller1
As long as Obama is in office, my money stays out of the system as much as possible.
I hate to say it but that is a good move I’d suggest gold and silver as a place to put it tho as this are still headed up but the time to put your money in was a bit ago but it still has a 5X or so on the price of gold.
Quote:
Originally Posted by Driller1
Many others are doing the same thing.
We aren’t going to be in a position for strong economic growth for some time. The debt load needs to come down for us to have growth.
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs
This was written a while ago,feel free to look it up,if you don't know who wrote it,especially the tea-baggers,all the arguements i have read is simply unreal,democrats fault,republicans fault,what a croc,its all of them,these words should have been heeded,but instead a road was chosen we should have never ventured down,and with all these things coming to fruition,we bicker amongst ourselves,the banks have decimated the quality and way of life that was guaranteed to be ours,certain inaliable rights,endowed by our creator,stripped away without a whimper,no not even a peep....
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