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I applaud their success and love that they provide things like jobs. I just like to point out the hypocrisy of so many liberals who ignore that the richest people in the US tend to be Democrat supporters who get that free pass from those screaming inequality.
Since I’m ok with them legally and morally accumulating mass fortunes, why would I be envious (in a negative way)?
How often do you hear someone like PCALMike call out an ultra rich Democrat like Bezos when he is on one of his inequality/rich owner rants?
That's because Bezos and Buffett are not problems. If and when these guys start breaking the law, starting scam universities, short-changing contractors, and committing fraud; we will be on their cases. Unlike the right-wing, who will turn a blind eye as long as said rich people is one of them.
Guess what those companies pay in State and local taxes, as an incentive to headquarter there?
I am not aware of any tax state or local tax incentive received by Apple, Facebook, Google, or Netflix.
For Apple, it wouldn't make sense for the localities to offer tax incentive to two guys working out of a garage. And they simply stayed where they were founded and there is even less of an incentive for them to move out of the most talent concentrated region in the world.
Likewise, nobody had heard of Google, Facebook (save for a few college kids), or Netflix when they first started. So it wouldn't make sense for officials to offer any of them tax incentive. These companies started from scratch and they picked CA to be their headquarter because they needed talent to grow and Silicon Valley is where the talent is.
There are literally thousands of tech startups in the region right now, many of them you've not heard of, there is no possible way the state and local would offer tax incentives to all of them. That play is for established company to relocate to a rural region that said company wouldn't consider otherwise; it's an unnecessary play for an existing job hub like the Silicon Valley.
One of the few tax incentive I can think of is San Francisco's payroll tax relief to Twitter, but that's to encourage Twitter to headquarter in a run-down part of the city. Twitter wasn't going anywhere, they were just thinking of a headquarter in a different part of the Bay Area.
Slaves and the exploited, put out quite a bit of product, for maximum profits of a fraction of those banking.
Remember that 1% deal? How do you think that the rich get richer, while the poor get poorer in a socialist/fascist society?
That crap doesn't happen where enslavement and bondage in all forms is banned. Including governments bondage of citizens through taxation.
Yes, millions of people live in CA to be exploited. Makes sense.
Slaves tried to run away. Those workers in CA are fee to leave and they chose to stay.
There is a huge economic and social factor here I don't expect you to comprehend. Trying to classify people as slaves when they aren't, is just a way for you argue an issue that doesn't exist.
The top 1% to the 99% ratio for California is 34.9 while Louisiana is 23.9.
Not even close.
This is a complete misreading of the data. Analysts have already published their findings - those in poverty is not static in a state like CA. They move up the economic ladder and their vacant spots are filled by newcomers. Hence in CA, which has one of the nation's highest upward mobility index, the poor doesn't stay poor (in general).
As opposed to the red states, the study found that their lower upward mobility index means the poor are stuck where they are.
If anything, CA is a perfect example of where the inequality index is not a problem but a solution. If red states would follow our lead, this country would be a better place.
Inequality is only a problem if the upward mobility is bad. It's the case in many red states, it's definitely not the case in CA.
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I thought there was abroad agreement to stop beating the dead horse, Mrs Clinton?
Quote:
Originally Posted by beb0p
That's because Bezos and Buffett are not problems. If and when these guys start breaking the law, starting scam universities, short-changing contractors, and committing fraud; we will be on their cases. Unlike the right-wing, who will turn a blind eye as long as said rich people is one of them.
This is a complete misreading of the data. Analysts have already published their findings - those in poverty is not static in a state like CA. They move up the economic ladder and their vacant spots are filled by newcomers. Hence in CA, which has one of the nation's highest upward mobility index, the poor doesn't stay poor (in general).
As opposed to the red states, the study found that their lower upward mobility index means the poor are stuck where they are.
If anything, CA is a perfect example of where the inequality index is not a problem but a solution. If red states would follow our lead, this country would be a better place.
Inequality is only a problem if the upward mobility is bad. It's the case in many red states, it's definitely not the case in CA.
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it is also very much worth noting how CA spreads its wealth to the rest of the nation.
Here in WA we get folk from CA who have built wealth just "cash out" to our state and enjoy the high quality schools with the lower cost of housing... and the good wages (not as high as CA tech wages)
it is a sweet deal for them and brings money to our state. az fl all benefit greatly...
but on a larger scale much of the west and east coasts retire to lower cost states and their wealth follows,
It is all those freebees given out.. free food, free , free free , plus they earn a paycheck under the table ...
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