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Started By
Message
re: Libs: why do corporate profits anger you?
Posted on 5/3/17 at 11:56 am to redfishfan
Posted on 5/3/17 at 11:56 am to redfishfan
quote:
I made it on that while in college so I was paying 3k a semester tuition as well. Rented a room for 400 a month. Ate sandwiches and hit noddles. Hit up local dinner specials about twice a month. Drove a POS single cab truck and didn't go on vacations. Zero help from parents. I actually miss that part of my life. Simple times.
I can vouch for ya.
I didn't have any tuition since I was on a full academic scholarship.
When I moved off campus my soph year my buddy and I split the 100 a month rent so I only paid 50. It was really Spartan. Slightly larger than a nice dog house.
Ate a lot of sammiches and pasta.
Went to Pancho's 'All you can eat' for $1.49 on weekends. I highly recommend the Red Chili Stew.
Drove an old Dodge that I bought for 600.
No vacations. Zero help from my parents.
1
Posted on 5/3/17 at 11:57 am to Zach
quote:
I can vouch for ya.
I didn't have any tuition since I was on a full academic scholarship.
When I moved off campus my soph year my buddy and I split the 100 a month rent so I only paid 50. It was really Spartan. Slightly larger than a nice dog house.
Ate a lot of sammiches and pasta.
Went to Pancho's 'All you can eat' for $1.49 on weekends. I highly recommend the Red Chili Stew.
Drove an old Dodge that I bought for 600.
No vacations. Zero help from my parents.
age 75
Posted on 5/3/17 at 11:58 am to HeyHeyHogsAllTheWay
quote:
Obesity does not equal being out of poverty.
It does in Africa.
Posted on 5/3/17 at 11:58 am to AbuTheMonkey
quote:
Do they not pay taxes?
Most don't. Some of the ones that do pay a less percentage than a guy working at your local convenience store.
Posted on 5/3/17 at 11:59 am to boogiewoogie1978
quote:No, they don't.
So they don't have a responsibility to the country that provides the resources and infrastructure that makes them successful?
They have a responsibility to their stockholders, and to obey the laws of that country.
Posted on 5/3/17 at 12:00 pm to boogiewoogie1978
quote:
Most don't. Some of the ones that do pay a less percentage than a guy working at your local convenience store.
And who's fault is that?
Posted on 5/3/17 at 12:02 pm to boogiewoogie1978
quote:
Most don't. Some of the ones that do pay a less percentage than a guy working at your local convenience store.
You must be reading Bernies philosophy on economics.
Posted on 5/3/17 at 12:05 pm to DelU249
quote:
I don't hate that they make a profit, but I think there is such a thing as too big. the influence they have is unfair and they limit our choices as consumers.
Today, I saw a congressman tell the CEO of United that they had better do something about over-booking, or else Congress was going to come after them. Congressman Blowhard was trying to look like a hero, but any regulations they pile on will help United. It will help them because the smaller airlines will be the ones driven out of business due t over-regulation and only the large ones will survive.
The funny thing is, that situation handled itself. The doctor sued, got a bunch of money, and all of the airlines have changed their policies, as a result.
The same thing has been happening in the banking industry. Regulations are aimed at "punishing" the big banks, but in reality, the big banks are just fine and pass along the expenses to their customers. Smaller banks can't do the same because they aren't large enough to absorb all of the regulatory costs, and either go out of business or are bought up by one of the big boys.
Most people prefer to support the "little guy", when they can, and are willing to pay a little more to do so. There are certain industries, where there isn't a little guy, or their products are prohibitively expensive and it isn't feasible to buy from the little guy. We need to make it easier for small businessmen to succeed in this country by lifting the regulatory burdens and fostering an attitude where it is a good idea to buy local.
Posted on 5/3/17 at 12:05 pm to AbuTheMonkey
quote:
And that commitment to "the country that provides the resources and infrastructure that makes them successful" is superseded by the commitment to their shareholders.
This is the thought process that has this country going to shite.
“I hope that we shall crush in its birth the aristocracy of our monied corporations, which dare already to challenge our government to a trial of strength, and bid defiance to the laws of our country.”
------Thomas Jefferson
Posted on 5/3/17 at 12:05 pm to AbuTheMonkey
quote:not related to the tax situation you're talking about because our tax rates are astronomical, but there are situations when the fiduciary obligation just annoys the piss out of me because they just run from everything even though it is not in the interest of their shareholders
Because they have a fiduciary duty to their shareholders to minimize their tax receipts as much as possible
case in point, sony and the movie "the interview". so many times a call is based on perception and how you read the room and time and time again CEOs of these large corporations prove they don't have a fricking clue.
also I do agree with the libs that they come to look at employees as names on a spreadsheet rather than people.
personally I think the corporate environment for typical employees and management is fricking creepy.
really creepy. This post was edited on 5/3/17 at 1:37 pm
Posted on 5/3/17 at 12:08 pm to rocket31
quote:
yea why should a multi-billion dollar corporation keep their employees on a livable wage when us taxpayers will foot the bill for their welfare
strong logic, lol
So we have a problem, people can't make a living wage. What is the cause of that problem? I say the problem is that the people are worth enough. Your solution is to force a company to pay them more. So redistribution of wealth. I vote that they (corporations) give them more money so that I don't have to.
I agree we have a problem. But it's not Walmart's fault we have a problem.
Posted on 5/3/17 at 12:09 pm to notsince98
quote:
I'm all for profits but not ones that come from crony capitalism and over-regulation by the government
I love corporate profits, especially corporations that are innovative and produce goods and services that benefit society, now ask me about the banking/financial leeches that are sucking us into the black hole of runaway debt and servitude. We have the best crony monetary system in world, ask the folks who work in that sector, they'll vouch for me. LOL!
Posted on 5/3/17 at 12:09 pm to redfishfan
quote:
And who's fault is that?
Ultimately its the governments. They need to get rid of the loopholes corporate lobbyists have built in and drop the hammer.
Posted on 5/3/17 at 12:12 pm to Eli Goldfinger
I don't consider myself to be a "Lib", but I do have some issues with the way the system is structured. Record profits, stagnant wages and corporate welfare still alive and kicking creates a sense of imbalance that is depriving us on so many levels. It's not profits that are the problem, it's how they got them and what they do with them that keeps holding us back. I think all can agree there should be some adjustments made in these regards.
Posted on 5/3/17 at 12:12 pm to boogiewoogie1978
Who are most of the corporations? They are owned by shareholders, people like me and most in this country if you own stock, have a 401k, or an IRA. It is about choices. You can save and invest or spend your money like there is no tomorrow. Corps and individuals have a responsibility to follow the law, not do social work. Tax avoidance is legal and intelligent. The contributions to the economy are their good deeds.
Posted on 5/3/17 at 12:16 pm to boogiewoogie1978
quote:
quote:
Do they not pay taxes?
Most don't. Some of the ones that do pay a less percentage than a guy working at your local convenience store.
Um, they are as frick do, buddy. Unless they're taking write offs from prior years when they lost money.
Where in the frick did you get the idea that most corporations don't pay taxes?
And most pay at least as much as the guy at the convenience store when considering rates, write offs, and everything else when they do turn a profit.
Posted on 5/3/17 at 12:16 pm to Eli Goldfinger
Because they don't understand economics. They think it's a zero-sum game and if a corporation is making a lot of money then they are doing it at the expense of others.
Posted on 5/3/17 at 12:18 pm to boogiewoogie1978
quote:
This is the thought process that has this country going to shite.
“I hope that we shall crush in its birth the aristocracy of our monied corporations, which dare already to challenge our government to a trial of strength, and bid defiance to the laws of our country.”
------Thomas Jefferson
Your understanding of economics and markets is shite.
Seriously - you're advocating for a Chavez-style mindset. Do you not realize that?
Posted on 5/3/17 at 12:20 pm to boogiewoogie1978
While drastically lowering taxes for individuals right?
Posted on 5/3/17 at 12:20 pm to InTheDetails
quote:
think all can agree there should be some adjustments made in these regards.
End regulation that protects industry, increase competition
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