Corporate profits hit record as wages get squeezed

Discussion in 'Economy' started by TruthOut10, Dec 4, 2012.

  1. TruthOut10
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    TruthOut10 Active Member

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    NEW YORK (CNNMoney) -- Just four years after the worst shock to the economy since the Great Depression, U.S. corporate profits are stronger than ever.
    In the third quarter, corporate earnings were $1.75 trillion, up 18.6% from a year ago, according to last week'si gross domestic product report. That took after-tax profits to their greatest percentage of GDP in history.

    Corporate profits hit record as wages get squeezed - Dec. 3, 2012
     
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  2. rdean
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    rdean rddean

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    The "job creators" are just getting their money together in preparation for "creating" a whole lot of new jobs. They are the "job creators".
     
  3. Mr. H.
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    Mr. H. Diamond Member

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    Employees are employess, and they come in all classifications and pay scales.

    If they want a share of the profits, they can go out and buy some fucking stock.
     
  4. SFC Ollie
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    SFC Ollie Still Marching

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    Why then is the GDP so low?
     
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  5. Mr. H.
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    Mr. H. Diamond Member

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    Either one of you morans ever own a business with employess and payroll?
     
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  6. Rshermr
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    Rshermr VIP Member

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    You see cons consistently preaching the dogma that the wealthy should be approved of as they get more and more of the income growth. So, the 1% gets 93% of the income growth, while the remaining 99% gets to share 7%. How does that work for you.
    So this is how, as economic historians can attest, economies of the greatest economic powers have fallen. And revolutions have been fueled. Revolutions of protest, and revolutions of violence.
    So, the cons will all say that this is the way capitalism works. But you need to ask yourself, at some time, what do you want your economy to provide? While the cons holler about income redistribution, we have witnessed over the past 35 years, the greatest income redistribution ever. From the poor, and from the middle class, to the upper 1%.
     
  7. Mr. H.
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    Mr. H. Diamond Member

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    Crybabby.
     
  8. Freemason9
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    Freemason9 Gold Member

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    Uh, perhaps you don't have a good understanding of the work-reward relationship.

    Employees are the SOURCES OF ALL WEALTH AND PRODUCTIVITY, and they should be appropriately compensated.

    If you want a share of the profits, you should actually perform some work that is linked to creating that profit.

    Your determinination and ambition to amass more dollars than anyone else does not excuse your behavior or your pathology.
     
  9. martybegan
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    martybegan Gold Member

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    Then why should government get a cut via taxes, if they dont produce jack squat?
     
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  10. Freemason9
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    Freemason9 Gold Member

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    In theory, government is not separate from the governed; that is, the government exists as an extension of the will of the people, and it exists for a common benefit per the desire and demand of the citizens. It is NOT the separate entity that you imagine it to be.
     

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