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Poor babies. I guess they'll have to sell one of their yachts.
Nice!
I think the necessary adjustments won't exactly starve any of them, but I bet they hate being blamed for sucking up all the money when that is not what's happened. Incomes of the 1% are below 1998 levels.
Research what happened to the economy, the last time they stopped buying yachts.. Complete collapse of the industry pushing almost every boat building job overseas..
Why do you hate people who build or work on yachts Strel?
Well, to his credit, he'd like them again if they were unionized.
Early 2007 was before the credit crisis and economic dump, 2009 was in the middle of it.
I don't think you could find a better time frame to cherry pick data from.
Hey, the article came from the NY Times--don't blame me. Point is, some people think the 1% stole all of our money and that's why so many are struggling. The fact is, the whole productive engine is sputtering, so we ought to be focused on reducing the friction in the economy and ncreasing economic freedom to restore prosperity and growth.
That ain't what is on the President's agenda, however.
Hey, the article came from the NY Times--don't blame me. Point is, some people think the 1% stole all of our money and that's why so many are struggling. The fact is, the whole productive engine is sputtering, so we ought to be focused on reducing the friction in the economy and ncreasing economic freedom to restore prosperity and growth.
That ain't what is on the President's agenda, however.
"Freedom" is what killed us. Companies are entirely too free to employ over there, but operate here and call themselves a "US corporation". They make it impossible for true US corporations to compete with them. You know, the ones that actually employ us?
Fix that little problem, and watch our economic woes disintegrate.
"Freedom" is what killed us. Companies are entirely too free to employ over there, but operate here and call themselves a "US corporation". They make it impossible for true US corporations to compete with them. You know, the ones that actually employ us?
Fix that little problem, and watch our economic woes disintegrate.
Do you suppose that the special penalty we put on corporations that employ Americans to work in America has anything to do with it? You know, the highest corporate income tax rate in the developed world? The same penalty applies when corporations do business overseas and seek to return the profits to the US for investment here.
Our system systematically punishes domestic production, and bringing foreign profits home. Everybody who has looked at this knows we need reform--but some politicians are too busy flying around, whining about our most productive citizens.
Do you suppose that the special penalty we put on corporations that employ Americans to work in America has anything to do with it? You know, the highest corporate income tax rate in the developed world? The same penalty applies when corporations do business overseas and seek to return the profits to the US for investment here.
Our system systematically punishes domestic production, and bringing foreign profits home. Everybody who has looked at this knows we need reform--but some politicians are too busy flying around, whining about our most productive citizens.
Oh give me a friggen break. Yes, we have one of the highest starting points. Many of these creeps pay NO taxes in the end. You're living in a dream world. Talk to GE, one of our LARGEST corporations, about how much they pay in taxes.
Oh give me a friggen break. Yes, we have one of the highest starting points. Many of these creeps pay NO taxes in the end. You're living in a dream world. Talk to GE, one of our LARGEST corporations, about how much they pay in taxes.
Yeah, that is the whole problem. We have a high tax rate and nobody pays it. One of the ways they avoid is it by doing business overseas, hiring people overseas, and leaving the profits overseas. The big accounting firms have lines of US client companies waiting to move their domicile overseas. Who is living in a dream world, if they believe this is an intelligent way to run a country?
Politicians hate the idea of tax reform, getting the garbage out of the tax code, eliminating the special breaks and preferences, leveling the playing field, assessing a lower rate BUT collecting real money with it.
The current totally bastardized tax code got that way by people in both parties auctioning off special breaks for campaign donations. Every bipartisan study including the president's Simpson Bowles Commission promoted the clean up, with flatter rates, to collect more money. Too bad the leadership won't embrace this approach, which would be great for everyone but them.
Can't we all get together on this, instead of just whining at each other?
Hey, the article came from the NY Times--don't blame me. Point is, some people think the 1% stole all of our money and that's why so many are struggling. The fact is, the whole productive engine is sputtering, so we ought to be focused on reducing the friction in the economy and ncreasing economic freedom to restore prosperity and growth.
That ain't what is on the President's agenda, however.
The number comes from the NY Times...the refusal to acknowledge underlying factors causing that (comparing a full bubble to after it burst) and blaming it on some nefarious plot by Obama is not. That's why something like that is called cherry picking, finding the numbers you like to support your agenda instead of the other way around.
The number comes from the NY Times...the refusal to acknowledge underlying factors causing that (comparing a full bubble to after it burst) and blaming it on some nefarious plot by Obama is not. That's why something like that is called cherry picking, finding the numbers you like to support your agenda instead of the other way around.
marco had a point, that indeed many think the rich "stole" the money, but the truth is, they lost money just like the rest of us. It might not be hurting them as much, but that doesnt mean they stole the wealth either.
The reason for this of course is that wealth and money isnt a fixed asset.. If you want wealth in society, you speed up its circulation, if you want poverty, you slow it down, and this affects everyone.
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