Posted on 10/11/2011 4:41:08 AM PDT by scottfactor
***The punk protesters lying in the streets do not know that they are demanding their very own undoing,,***
They are being USED. Sad thing is they are someone’s kids and when the first one is shot dead or horribly injured by the police then we should examine whether ‘he/she got what they deserved - or someone is provoking riots’.
Kent State redux!!!!!http://en.wikipedia.org/wiki/Kent_State_shootings
I don’t know which is worse- the stupidity of these airhead protesters or the fawning praise of the democraps.
This is a manufactured group of useful idiots in a failed attempt to show they are just like the TEA party - but on the other side.
WE NEED TO CHECK THE BACKGROUND OF THESE PEOPLE.
who is paying them? Who is supplying food? Where were they recruited? Is it cold in those sleeping bags at night?
Whole article is a pantload.
The Banks privatize profits and socialize their losses.
Trade agreements which allow the use of child and slave labor in other countries have sucked out the opportunities for our young to find jobs in this country.
Trickle down economics have proven to be full of empty promises.
Large corporations like Mobile and GE and many others pay no taxes on billions of profits.
Capitalism has not come out of this depression unscathed.
What do you call it when TBTF banks take taxpayer monies?
Socialism bailing out capitalism?
The GOP had better take heed of the mood in this country.
It wasn’t just young kids marching in Occupy Tampa.
Wait until it dawns on them they are slaves and nothing more. Through out history who do the maggots look to control. The youth because they know little.
You believe so much that simply isn’t true. Let me take one of your assumptions apart and leave the rest to others.
I just looked up the GE 2010 statement. They earned about 11 billion. They paid their shareholders about 6 billion. Those 6 billion shareholders are mostly US citizens. Those US citizens paid at least 900,000 million on their profit share.
Further, GE paid over 17 billion in interest expense to others. That amounts to 17 billion in interest income to investors. The income tax due on that income is at at least 15%.
The stock trading volume averages 79 million each and every day. That means that 79 million in potentially taxable capital gains each day.
Even ignoring the amounts they pay vendors, employees, landlords etc, GE contributes both to our economy and to our government revenues.
In a similar way, your other statements are false.
Your logic.
Really?! Could you name a single statement in the column that is incorrect--or as you so eloquently and maturely (manurely) put it--a "pantload"?
The article is not wrong. You should get on back to your sleeping bag and tent. I'm sure "they" will be serving the catered lunch soon.
GE takes other peoples money, invests it and gives a return to the investors. That is its purpose in life. GE gets money to invest from two sources, stockholders and lenders.
The shareholders want a certain return on their investment. The lenders want a certain amount of interest income on their investment. Raising income taxes on GE will not change the amount investors want for a return or change the amount lenders want in interest income.
In order to satisfy the various markets, GE must obtain a return sufficient to produce the results it needs for its investors and its lenders. If it fails at this the company fails.
If you raise any of the costs of doing business, including energy, regulations and income taxes you reduce the profits of the company. When this happens, the investors don’t really care, they just begin to pay less for the stock and the lenders raise interest rates because the company is riskier.
GE can react three ways to an increase in costs (including income tax), 1) do nothing and it eventually goes out of business for lack of capital 2) Reduce costs by eliminating jobs vendors etc or paying less for same jobs or vendors and/or eliminating the least profitable divisions or 3) raise prices. Most companies will do a combination of 2 and 3.
When GE reacts as it must then all the stuff you demand of it goes the wrong way. It has no choice but to eliminate US jobs in favor of foreign labor, transfer whole divisions to other parts of the world, and finally increase the cost of the good and services you purchase from it.
If you want US companies to do more of what you desire, you should want us to go back to the original income tax passed in 1913 when US companies were only taxed once. We are taxing the income on these companies twice and wondering why they are fleeing our borders.
Listen, you want more jobs here, you want more revenues here, you want companies to play fair with the income tax then change the landscape to one that actually rewards the investors of companies like GE for doing those things rather than punishing its investors by punishing the company.
Punishment as a system only works short term. I see it with my children and my employees. It is rewards that motivate people to take the risks which yield long term benefits.
Did you even read the link that I posted?
From the article...
In a regulatory filing just a week before the Japanese disaster put a spotlight on the company’s nuclear reactor business, G.E. reported that its tax burden was 7.4 percent of its American profits, about a third of the average reported by other American multinationals. Even those figures are overstated, because they include taxes that will be paid only if the company brings its overseas profits back to the United States. With those profits still offshore, G.E. is effectively getting money back.
Such strategies, as well as changes in tax laws that encouraged some businesses and professionals to file as individuals, have pushed down the corporate share of the nation’s tax receipts — from 30 percent of all federal revenue in the mid-1950s to 6.6 percent in 2009.
Envy and covetousness are dead-end mindsets.
Continue to simplify the complex if that is all you are capable of.
There are a lot of problems starting with the fact that the nominal corporate tax rate is too high, then the politicians doles out tax breaks to the highest bidder. But you don’t see too many protesters arguing for a corporate flat tax or anything like that. The one poster I do agree with is “end the Fed”. The Fed is designed to funnel money to big banks and lenders like GE in the name of helping the economy when they are in fact hurting the economy by drying up sources of longer term capital.
And a writing course and a dash of objectivity may help you write without coming off like a dogmatic ideological blowhard..if the column above was written by you.
You have insults. How nice.
Why make something needlessly complex? The protesting going on is at its root quite simple. It’s envy and a wrongheaded entitlement mentality—misguided punks wanting something for nothing.
You can continue to make the simple complex, if that is all you’re capable of, but I’ll continue to see things as they really are.
"Trickle down economics?" BZZZZT! I realized you were full of something right there. I've heard the rest of your down-thread arguments before. From flaming liberals.
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