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Because they don't adequately reimburse the society that makes their earnings possible.
Covid Recession Year One: Who Gained? Who Lost? - CounterPunch.org
"Reports just released in recent days reveal 89% of the Fortune 500 companies increased their revenue this latest quarter (April-June 2021) by no less than 24.7% over the same quarter in 2020 when the Covid induced recession began.
So? I think the only thing your demonstrating is your naked envy."That 24.7% revenue explosion compares, by the way, to an average quarterly revenue gain of 4.5% over the past 5 (non-recession) years; and 3.4% average over the preceding 10 years after the last official recession ended in 2009."
The US government is the biggest debtor in the universe
If the money isn't paid in taxes, it is borrowed from the richest Americans who then WHINE about saddling future generations with debt THEIR descendants earn interest on.If the money isn’t paid in taxes to the govt they are still spending it in the economy. duh
How does your bogus chart contradict what I said?
How does your bogus chart contradict what I said?
If the money isn't paid in taxes, it is borrowed from the richest Americans who then WHINE about saddling future generations with debt THEIR descendants earn interest on.
Not as much as you andSolution to the fact that you're a deadbeat?
the Govt doesn’t borrow money from americans…rich or anyone elseIf the money isn't paid in taxes, it is borrowed from the richest Americans who then WHINE about saddling future generations with debt THEIR descendants earn interest on.
Like most Americans I am in the peasant class. I can agree with you and have in most agendas. But like many who get empowered, the same drill ensues and the same mistakes happen. And that is where I disconnect with you. So what do we do? Support a thousand women having babies out of wedlock, pushing it as a right and benefit or let a rich guy keep some more of his money and not pay for it. And with that purchasing items a richer person will do. That employees people to design and acquire parts and build those items. So reducing the amount of sluts and increasing the amount of employees is a double bonus for a rising nation. But alas, we are a declining one.If the money isn't paid in taxes, it is borrowed from the richest Americans who then WHINE about saddling future generations with debt THEIR descendants earn interest on.
Mostly institutional investors. You know, like Grandma's pension.The borrowing is from those that buy bonds. Support your claim that it is the "richest" that buys them.
Biden already has a $3 trillion deficit, and he's only been in office for 6 months.Not as much as you and
Mostly institutional investors. You know, like Grandma's pension.
Capitalism rewards greed like no prior economic system. Unfortunately, the surplus tends to concentrate in fewer and fewer hands with each passing generation. In answer to your question about where it's leading, the obvious answer in myu mind is debt serfdom and financial oligarchy.It has also of course unleashed tremendous productive forces and encouraged scientific and technological advances. The issue for humanity is … where is it leading us now?
Capitalism rewards greed like no prior economic system. Unfortunately, the surplus tends to concentrate in fewer and fewer hands with each passing generation.
How much is enough and what standards do you go by to decide?
Capitalism rewards greed like no prior economic system. Unfortunately, the surplus tends to concentrate in fewer and fewer hands with each passing generation. In answer to your question about where it's leading, the obvious answer in myu mind is debt serfdom and financial oligarchy.
Latvia or Iceland seem reasonable prospects for America's future if we allow financial managers and short-term speculators to impose flat taxes of 59% on labor while continuing to un-tax property.
The political conflict between democracy and oligarch today has a creditor/debtor contest for control at its center. With 95% of Americans in debt to the richest 5% who control government through a combination of campaign contributions and ownership of mainstream media, one of the big political fights of the 21st century appears to revolve around the fact that debts which can't be repaid won't be repaid, and whether creditors or debtors absorb the losses?
Except that we know the billionaires often pay nothing and usually less than 5%. You know this right? I’ve informed you on this topic. Did you forget?I agree, 25% is enough.
