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Old 03-09-2017, 08:08 AM
 
Location: the very edge of the continent
88,804 posts, read 44,610,756 times
Reputation: 13626

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Quote:
Originally Posted by Hesychios View Post
Haven't you heard?


Most major companies are dumping pension plans.


Mine has.
Oh, good grief.

Guess who the largest equity investor is in the US?

CalPERS. The California Public Employees' Retirement System. A public employee pension system.

Largest US Investor: CalPERS

FYI, CalPERS' ten largest corporate stock holdings:
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
The Ten Largest Holding of CalPERS, the Biggest U.S. Investor

Many of those California liberals who will benefit from a CalPERS pension stupidly rail against "big oil," "big pharma," and "bankers," and "Wall Strret." Idiots. The lot of them.

The post I quoted above before my response is exactly the kind of sheer stupidity I'm talking about. It's truly sad that SO many Americans have NO clue. NO clue at all. /SMH
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Old 03-09-2017, 08:25 AM
 
26,694 posts, read 14,525,305 times
Reputation: 8094
Quote:
Originally Posted by InformedConsent View Post
Oh, good grief.

Guess who the largest equity investor is in the US?

CalPERS. The California Public Employees' Retirement System. A public employee pension system.

Largest US Investor: CalPERS

FYI, CalPERS' ten largest corporate stock holdings:

The Ten Largest Holding of CalPERS, the Biggest U.S. Investor

Many of those California liberals who will benefit from a CalPERS pension stupidly rail against "big oil," "big pharma," and "bankers," and "Wall Strret." Idiots. The lot of them.

The post I quoted above before my response is exactly the kind of sheer stupidity I'm talking about. It's truly sad that SO many Americans have NO clue. NO clue at all. /SMH
Is this the famous unicorn called "trickle down"?

Last edited by lifeexplorer; 03-09-2017 at 08:38 AM..
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Old 03-09-2017, 08:41 AM
 
Location: the very edge of the continent
88,804 posts, read 44,610,756 times
Reputation: 13626
Quote:
Originally Posted by lifeexplorer View Post
But that's not trickle down, is it?
In fact, it is. Pension check receivers get the trickle down of corporate profits, increased stock values, and lowered corporate tax rates.

But you already knew that.
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Old 03-09-2017, 08:45 AM
 
Location: Madison, WI
5,299 posts, read 2,346,196 times
Reputation: 1227
Quote:
Originally Posted by pknopp View Post
What part of a free market bails.out failed businesses?
Bailouts aren't free market.
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Old 03-09-2017, 09:47 AM
 
3,992 posts, read 2,450,135 times
Reputation: 2350
Quote:
Originally Posted by lifeexplorer View Post
Please define "little." Even the carried interest is taxed at 20% long term capital gain rate, he would be paying $10M. That's NOT little.

Personally, I hope he pays $0 tax. I hope all of us pay $0 tax.

If you want everybody pays the same amount or same rate, let's do that. Let's set a number fair to everybody?
We're talking percentages here, do we honestly need to qualify that? If I make a billion but pay 1mm and you make 50k but pay 5k in taxes, yes I paid a larger amount but I paid a much smaller effective tax rate.

And as for your 0 tax idea, that's just silly pie in the sky...as the saying goes, taxes are the price we pay for civilization. If your so hell bent on paying no taxes try Somolia, you can prob get away from any tax liability whatsoever.
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Old 03-09-2017, 09:49 AM
 
3,992 posts, read 2,450,135 times
Reputation: 2350
Quote:
Originally Posted by InformedConsent View Post
Oh, good grief.

Guess who the largest equity investor is in the US?

CalPERS. The California Public Employees' Retirement System. A public employee pension system.

Largest US Investor: CalPERS

FYI, CalPERS' ten largest corporate stock holdings:

The Ten Largest Holding of CalPERS, the Biggest U.S. Investor

Many of those California liberals who will benefit from a CalPERS pension stupidly rail against "big oil," "big pharma," and "bankers," and "Wall Strret." Idiots. The lot of them.

The post I quoted above before my response is exactly the kind of sheer stupidity I'm talking about. It's truly sad that SO many Americans have NO clue. NO clue at all. /SMH
It's hypocrisy on both sides. Hedge funds, big banks, and or shops that rail against unions and collective bargaining also lineup to accept pension funds left and right...calsters, calpers, ny state, Texas, NYC public unions, cpp etc...
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Old 03-09-2017, 09:56 AM
 
Location: the very edge of the continent
88,804 posts, read 44,610,756 times
Reputation: 13626
Quote:
Originally Posted by Metsfan53 View Post
We're talking percentages here, do we honestly need to qualify that? If I make a billion but pay 1mm and you make 50k but pay 5k in taxes, yes I paid a larger amount but I paid a much smaller effective tax rate.
Here's the analogy... Why should one person pay 5k for "a gallon of milk" while another person is charged 1mm for "a gallon of milk?"
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Old 03-09-2017, 10:01 AM
 
3,458 posts, read 1,449,583 times
Reputation: 1755
Quote:
Originally Posted by GregW View Post
Trickle down = shovel up. Wealth has always been redistributed from the people that do the work to the people that own the workplace. ALWAYS! Our economy is still based on the Roman slave estates only we now call ourselves free.


This has worked well enough that the resort OWNED by our President doubled its annual fee to $200,000 per member and they still are getting more applicants than they have room. The Donald will NEVER allow ANY of his income to trickle anywhere except his own pocket.


You guys elected a thief and we all have to live with that. Unfortunately for most of us including the vast majority that elected him.
So far that thief is providing an avenue of trickle down that I'm quite enjoying.
I do construction jobs. My clients are largely retired.
Their stocks are doing so well my phones ringing off the hook for remodels.

Half the number of illegals are out there bidding unlicensed cheap work, at the same time people are being able to afford higher quality work and hiring licensed contractors again.

I'm making good money now. It's not even a trickle, it's gaining waterfall status.

I am able to hire and pay workers more than I could have last year. They are happy and I'm happy and the people getting a bitchen remodel are over the moon.

Please tell me how horrible this will turn out. I'm all ears.

While I type Trump just signed a bill allowing it to become easier for banks to loan small business owners like myself money who have been struggling to get loans. NICE!!

Please, start raining on my parade. I'm all ears.

Last edited by Tokinouta; 03-09-2017 at 10:37 AM..
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Old 03-09-2017, 10:04 AM
 
Location: the very edge of the continent
88,804 posts, read 44,610,756 times
Reputation: 13626
Quote:
Originally Posted by Metsfan53 View Post
It's hypocrisy on both sides. Hedge funds, big banks, and or shops that rail against unions and collective bargaining also lineup to accept pension funds left and right...calsters, calpers, ny state, Texas, NYC public unions, cpp etc...
How do unions and collective bargaining advocates line up to eschew their pension benefits? I've not seen any of them do so. In fact, it's the exact opposite. They want the exact same profits the hedge funds and big banks are getting.

When unions and collective bargaining advocates put their money where their mouths are and eschew their invested share gains from Wall Street, bank, corporate, etc., profits, maybe they can be taken seriously. Until then, they are SUPREMELY idiotic hypocrites. And you KNOW it.
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Old 03-09-2017, 10:15 AM
 
26,694 posts, read 14,525,305 times
Reputation: 8094
Quote:
Originally Posted by Metsfan53 View Post
We're talking percentages here, do we honestly need to qualify that? If I make a billion but pay 1mm and you make 50k but pay 5k in taxes, yes I paid a larger amount but I paid a much smaller effective tax rate.

And as for your 0 tax idea, that's just silly pie in the sky...as the saying goes, taxes are the price we pay for civilization. If your so hell bent on paying no taxes try Somolia, you can prob get away from any tax liability whatsoever.
Is the dollar the rich guy earns different from the one you and I earn? A dollar is a dollar, no? So he must pay $10 million and you only pay a few thousand? That's somehow fair to you?

I meant $0 income tax. It's ridiculous that we have to pay income tax. Replace it with the Fair Tax.
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