- May 3, 2011
- Reaction score
All of a sudden, all things jumped up exactly 12%.When I was in the Military, we didn't get raises for a number of years. Of course, the civilian population and economy plugged along. We received a 12% raise to make up for that fact. All of a sudden, all things jumped up exactly 12%. When asked, every supplier, etc. claimed they were forced to do it anyway and our 12% raise had nothing to do with it. I was jumped 2 tax brackets and paid more taxes. In the end, I actually made less money. Plus, the Civilian Economy was severely harmed. This was strictly a pure greed move and harmed the entire community. It just barely was outside the Sherman Anti Trust act but just far enough to make it legal. It should have never been allowed to happen. The Rich just got richer at the harm of the middle class and poor.As in, first offense company gets a hefty fine,I agree. The Threat of the regulation should be enough. But it's not. The biggees will push it right over the edge because the fines are less than the glutton amounts they will make ignoring it. If we are going to do something like this, it's going to need real teeth. As in, first offense company gets a hefty fine, second offense company gets a HUGE fine, 3rd offense company gets broken up.If government regulations weren't so onerous that only the biggest corporations can afford to comply, that would be a huge help.
First offense for what? Be specific.
This is Capitalism at it's worst. And it's legal. It's been going on for so long since the Regulations preventing it has all been removed. Yes, Dorathy, we once had regulations that prevented this left over from the FDR days. But they were removed in the 1980s. This is why the 1970 Cost of Living and Wages left you with more disposable income in comparison than it does today. Had this been done in the 1960s, the company would have had the Federals seeing just how far up the goal posts they could kick their dishonest butts.
Unchecked Capitalism means theft. And saying that the Rich deserve everything they can get, I agree. If they get their money honestly, they deserve the money. But if they cheat the public (i.e. the workers that made that money for them) then they deserve either to lose that money or spend large chunks of time in prison. NO CEO does 600 times more work than the average worker at any company especially when that company is doing layoffs and the Upper Management is getting their Bonuses. Running a company into the ground, receiving a Government Bailout and then using part of that to pay your Executives Bonuses should be criminal. But it was done over and over.
It's time to hold the Rich accountable for their actions. No more free rides. No more Zero taxes. No more Tax free deals just for the rich. No more Tax Free Bank accounts just for the rich. And no more manipulating the markets so they can artificially make more money. Make the second time a company does this pay enough that it will almost bankrupt the company. The 3rd time, start locking people up, not just the sacrificial lambs the CEOs present for slaughter.
I don't believe you.
Plus, the Civilian Economy was severely harmed. This was strictly a pure greed move and harmed the entire community.
They held prices steady, for years and years, and waited, until the precise moment the military got a raise?
And then, for no other reason, raised prices EXACTLY 12%. That's funny.
It's been going on for so long since the Regulations preventing it has all been removed.
Cool story! Can you post these regulations that used to prevent prices from rising 12% after the military got a raise?
receiving a Government Bailout and then using part of that to pay your Executives Bonuses should be criminal.
The US Treasury made tens of billions in profit on the TARP loans to banks.