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Nice, I got a good laugh out of this. I didn't think to do the math.
typical corporate greed. your labor costs just went up by a multiplier of 4.All other costs remain the same.........the cost of a burger should increase 4 times.mmmmmmmmmmm I don't recall paying $50 for my last burger at McDonalds........
that folks is how the rich GOT RICHER........I call it gouging
The rich and wealthy corporations have done very well in the past decade, even as they have decimated the middle class by outsourcing their jobs. Now they want all of the budget balancing to be done in the form of cuts to Medicare, foodstamps, welfare, etc - all the programs that are keeping the middle afloat, and the poor alive.
Why don't they just vote to kill everyone except themselves and be done with it?
Obama would just be allowing the previous tax cuts for the rich expire - do they want to give one penny away? No, because they are rich, selfish and greedy.
'With the clock ticking toward an Aug. 2 deadline, senior Republicans said negotiations led by Vice President Joe Biden had ceased making headway as congressional Democrats pressed for as much as $400 billion in new taxes on corporations and the nation's wealthiest households.'
How about we round them all up in the square, shoot them and let them lay where they fall. Then we march on and have a revolution in the way of the Russian Revolution!! Yeah that's the ticket!!! Rich people are the devil Down with the rich, down with the rich....this refrain gets so old about successful people, like they are supposed to apologize for their success. Castro would be proud of you though
The rich and wealthy corporations have done very well in the past decade, even as they have decimated the middle class by outsourcing their jobs.
You decimated yourself.
You snubbed your nose at the poor in developing countries, stealing their resources, profits and wealth, and you benefited from that.
Now that you're no longer benefiting you seem upset. Obviously, you're not a Christian, because a Christian would never have coveted his neighbor's resources, wealth and profits, and would never have allowed his government to do it, and would have rejected the benefits of it.
You ought to try expanding your mind and consider the possibility that out-sourcing jobs is actually saving jobs in the US.
I understand you are economically-challenged and strategy-challenged as well, but go ahead and put an end to out-sourcing if you have the guts to stand up and do that.
I don't mind.
Really, I don't.
My plants in the Philippines, Romania and Georgia (the State -- the other State not the US State) will out-produce the snot out of your US plant. And my production costs and labor costs will be lower than you could ever dream.
You'll have to sell your widgets globally for $49 each just to keep the doors of you factory open. I'll sell my for widgets of equal quality for $29 each and stomp your guts all over the place when I gain 90% of the global market share.
Even more embarrassing is that Americans will be falling all over themselves and knocking each other down to buy my $29 widgets while ignoring your $49 widgets.
Then when your stock drops, I'll just buy up 51% of the stock in your company, and I'll own it, and then I'll shut down all of your plants permanently forever and fire all of your employees and you can all have a group hug over your pension plan that is now dead in the water.
And then where will you be working?
Nowhere.
So as a CEO, the best thing for you is to out-source jobs in order to save jobs in the US. The profits from your overseas company can be used to subsidize your US employees and keep them employed, and keep the pension plan funded and going.
That's today's lesson in Global Market Strategy and Global Positioning Strategy.
You're not looking at the dynamics of your suggestion. You've just increased payroll on every entry level job by 4 times. Businesses can only recoup those costs by laying off or raising prices...and of course they could just close their doors. None of those will help the economy and certainly not the housing market.
You have no idea what you are talking about. Money that changes hands in exchange for nothing, is empty, valueless money. It degrades the entire money supply. Money represents value, and giving it to someone without a corresponding exchange of value is a disasterous proposition.
The rich and wealthy corporations have done very well in the past decade, even as they have decimated the middle class by outsourcing their jobs. Now they want all of the budget balancing to be done in the form of cuts to Medicare, foodstamps, welfare, etc - all the programs that are keeping the middle afloat, and the poor alive.
Why don't they just vote to kill everyone except themselves and be done with it?
Obama would just be allowing the previous tax cuts for the rich expire - do they want to give one penny away? No, because they are rich, selfish and greedy.
'With the clock ticking toward an Aug. 2 deadline, senior Republicans said negotiations led by Vice President Joe Biden had ceased making headway as congressional Democrats pressed for as much as $400 billion in new taxes on corporations and the nation's wealthiest households.'
That's what has been done for a certain segment of our society. You figure out which one.
Judging from this posting
Quote:
Originally Posted by LaTrang
You have no idea what you are talking about. Money that changes hands in exchange for nothing, is empty, valueless money. It degrades the entire money supply. Money represents value, and giving it to someone without a corresponding exchange of value is a disasterous proposition.
Sure, I belong to the College educated, BS and MS, job and a business, work 14 hours a day, 6 1/2 days a week, segment. Any questions? Dismissed.
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Down with the rich, down with the rich....this refrain gets so old about successful people, like they are supposed to apologize for their success. Castro would be proud of you though
