Overpaid CEOs and Greedy Capitalists.. oh my!

[itfitzme]

More resourses lead to inefficiency. Raw materials, labor and money are all resourses. Non profits like the Red Cross have been inefficient when contributions were high. Solyndra was inefficient in their use of funds. The military, the gov't, individuals and even private companies become inefficient with their use of money when it is readily available.

 

[Boss]

A new report finds that around the world the extremely wealthy have accumulated at least $21 trillion in secretive offshore accounts. That’s a sum equal to the gross domestic products of the United States and Japan added together. The number may sound unbelievable, but the study was conducted by James Henry, former chief economist at the consultancy McKinsey, an expert on tax havens and offshoring. It was commissioned by Tax Justice Network, a British activist group.

Just $21 trillion? I am surprised the number is so low, given our confiscatory tax rates.

There is not a damn thing "secretive" about offshore holdings. This word is used to evoke emotion.... ooo... it's "secretive" so it must be underhanded and unethical! Capitalists move their money offshore because it is to their advantage to do so. If you are concerned about this, you should be doing things to make it more advantageous for the capitalist to keep their money here. I've often suggested we eliminate corporate taxation entirely. Mostly, just to watch liberal heads explode, but also because I think it would generate an economic boon this country has never seen before in her history. A very large chunk of that $21 trillion would come screaming back to America, it would be invested in all kinds of venture capital projects, create massive numbers of good paying jobs for millions of people. Yep... the so-called "wealthy" would make money hand over fist, record profits would be rampant. The results might make some liberals sick to their stomach, but it would also generate more tax revenue than we can even imagine, through the payrolls of all the new jobs created, through all the new sales generated by wages from new jobs, people spending that $21 trillion, putting it into the economy, instead of it sitting in an offshore account somewhere.

But it's just easier for a selfish spoiled brat who has never had responsibility, or ever had to work for anything, to believe in Utopia, to believe the Marxist propaganda, to be jealous and envious of those who happen to have more than you. To arrogantly think you can STEAL the wealth of others and make it your own, without having to earn it. And here is the really ironic thing, IF you EVER get what you are wanting here, you will realize a fate far worse than anything your mind is capable of imagining. You will realize poverty to an extreme you simply do not comprehend at this time, because you've never witnessed anything like it. You will get to watch your friends, family, and neighbors suffer terrible indignities, and eventually, if you live to be old enough, you will get to watch mass executions of people who your Socialist Marxist government can no longer afford to support. This is the repeated recorded history of the ideology you advocate.

 

[MikeK]

[...]

When I see that corporations have made "record profits" do you know how that translates to me? That a group of people have successfully practiced free market capitalism by producing a wanted and needed good or service to a satisfied consumer base, who willingly bought their product or service, and they did this better than their competition. In earning "record profit" they also paid "record taxes." In my opinion, we need MORE of this, not LESS.

(Exerpt 1)
(Reuters, By Emily Kaiser) - In 2007, when the world was on the brink of financial crisis, U.S. income inequality hit its highest mark since 1928, just before the Great Depression.

Coincidence? Maybe not.

Economists are only beginning to study the parallels between the 1920s and the most recent decade to try to understand why both periods ended in financial disaster. Their early findings suggest inequality may not directly cause crises, but it can be a contributing factor.


How American Income Inequality Hit Levels Not Seen Since The Depression

(Close 1)


If you look close enough you will see that corporate profits are linked to stagnant and reduced wages. Your position is to assert that a sow's ear is really a silver purse.

(Excerpt 2)

Middle class squeeze: The deep roots of an economic and social transformation

by Charles Hugh Smith Oct 10th 2009 12:00PM

The current recession has stoked deep-seated fears about a declining middle class. A great collective anxiety about such a decline has been floating around for years now, and for good reason. As abundant data make clear, middle class families are being squeezed by stagnant incomes and rising expenses, and have been since the 1970s.

Middle class squeeze: The deep roots of an economic and social transformation - DailyFinance

(Close)

I should tell you that I don't expect you to be convinced by any efforts I make here. My concern is with others who might be misled by the right-wing propaganda which you present here. However, I am curious about your source: Who do you listen to; Limbaugh? Beck? Levin?

 

[MikeK]

I don't accept your lie about middle class incomes. My father had a fantastic job when I was a child, he made just over $8,000 a year in 1964. Now you want to try and claim incomes have been stagnant, and that is simply false. His same job, today, pays over $100k per year. So, in the span of 40 years, that's how much of a percent increase? You ca do the maths, but it is substantial.

Wait! STOP right there! Your father? Statistics BE DAMNED! This man has a FATHER! No other data required!

That's egocentricity for you.

 

[MikeK]

A new report finds that around the world the extremely wealthy have accumulated at least $21 trillion in secretive offshore accounts. That’s a sum equal to the gross domestic products of the United States and Japan added together. The number may sound unbelievable, but the study was conducted by James Henry, former chief economist at the consultancy McKinsey, an expert on tax havens and offshoring. It was commissioned by Tax Justice Network, a British activist group.

Just $21 trillion? I am surprised the number is so low, given our confiscatory tax rates.

There is not a damn thing "secretive" about offshore holdings. This word is used to evoke emotion.... ooo... it's "secretive" so it must be underhanded and unethical! Capitalists move their money offshore because it is to their advantage to do so. If you are concerned about this, you should be doing things to make it more advantageous for the capitalist to keep their money here. I've often suggested we eliminate corporate taxation entirely. Mostly, just to watch liberal heads explode, but also because I think it would generate an economic boon this country has never seen before in her history. A very large chunk of that $21 trillion would come screaming back to America, it would be invested in all kinds of venture capital projects, create massive numbers of good paying jobs for millions of people. Yep... the so-called "wealthy" would make money hand over fist, record profits would be rampant. The results might make some liberals sick to their stomach, but it would also generate more tax revenue than we can even imagine, through the payrolls of all the new jobs created, through all the new sales generated by wages from new jobs, people spending that $21 trillion, putting it into the economy, instead of it sitting in an offshore account somewhere.

But it's just easier for a selfish spoiled brat who has never had responsibility, or ever had to work for anything, to believe in Utopia, to believe the Marxist propaganda, to be jealous and envious of those who happen to have more than you. To arrogantly think you can STEAL the wealth of others and make it your own, without having to earn it. And here is the really ironic thing, IF you EVER get what you are wanting here, you will realize a fate far worse than anything your mind is capable of imagining. You will realize poverty to an extreme you simply do not comprehend at this time, because you've never witnessed anything like it. You will get to watch your friends, family, and neighbors suffer terrible indignities, and eventually, if you live to be old enough, you will get to watch mass executions of people who your Socialist Marxist government can no longer afford to support. This is the repeated recorded history of the ideology you advocate.

In other words it's okay for those who already are super-rich to accumulate vast amounts of American wealth resources and evade the tax by stashing their money hoards offshore -- knowing how it will negatively affect the economy of the Nation which enabled their gluttonous excess.

You need to get hold of yourself because you're starting to rave now. And that's not a joke.

 

[MikeK]

More resourses lead to inefficiency. Raw materials, labor and money are all resourses. Non profits like the Red Cross have been inefficient when contributions were high. Solyndra was inefficient in their use of funds. The military, the gov't, individuals and even private companies become inefficient with their use of money when it is readily available.

The cause of the kind of inefficiency you're writing about is not the volume of available funds but the effect of undisciplined, irresponsible, thus ineffective, management.

My impression of the timeline might be off but in my opinion the general sense of responsibility and accountability in government commenced a serious decline when Ford pardoned Nixon, thus symbolically effecting something analogous to the Divine Right of Kings. Nixon had perpetrated a few very serious felonies, crimes for which the ordinary citizen would undoubtedly be sentenced to many years in prison. The clear implication of this being because Nixon was elected to the Office of President he was immune to punishment.

Because of the nature of our political system it naturally follows that such presumptive though unwritten immunity would find its way downward in the official hierarchy -- leading in the simplest terms to general contempt for the rules and the kind of misconduct and corruption which seems increasingly routine in government today.

If the rules were diligently enforced, and if those in political office who break the rules were appropriately punished -- regardless of their rank, you may rest assured the efficiency in disbursing and managing public money would dramatically improve.

 

[Boss]

A new report finds that around the world the extremely wealthy have accumulated at least $21 trillion in secretive offshore accounts. That’s a sum equal to the gross domestic products of the United States and Japan added together. The number may sound unbelievable, but the study was conducted by James Henry, former chief economist at the consultancy McKinsey, an expert on tax havens and offshoring. It was commissioned by Tax Justice Network, a British activist group.

Just $21 trillion? I am surprised the number is so low, given our confiscatory tax rates.

There is not a damn thing "secretive" about offshore holdings. This word is used to evoke emotion.... ooo... it's "secretive" so it must be underhanded and unethical! Capitalists move their money offshore because it is to their advantage to do so. If you are concerned about this, you should be doing things to make it more advantageous for the capitalist to keep their money here. I've often suggested we eliminate corporate taxation entirely. Mostly, just to watch liberal heads explode, but also because I think it would generate an economic boon this country has never seen before in her history. A very large chunk of that $21 trillion would come screaming back to America, it would be invested in all kinds of venture capital projects, create massive numbers of good paying jobs for millions of people. Yep... the so-called "wealthy" would make money hand over fist, record profits would be rampant. The results might make some liberals sick to their stomach, but it would also generate more tax revenue than we can even imagine, through the payrolls of all the new jobs created, through all the new sales generated by wages from new jobs, people spending that $21 trillion, putting it into the economy, instead of it sitting in an offshore account somewhere.

But it's just easier for a selfish spoiled brat who has never had responsibility, or ever had to work for anything, to believe in Utopia, to believe the Marxist propaganda, to be jealous and envious of those who happen to have more than you. To arrogantly think you can STEAL the wealth of others and make it your own, without having to earn it. And here is the really ironic thing, IF you EVER get what you are wanting here, you will realize a fate far worse than anything your mind is capable of imagining. You will realize poverty to an extreme you simply do not comprehend at this time, because you've never witnessed anything like it. You will get to watch your friends, family, and neighbors suffer terrible indignities, and eventually, if you live to be old enough, you will get to watch mass executions of people who your Socialist Marxist government can no longer afford to support. This is the repeated recorded history of the ideology you advocate.

In other words it's okay for those who already are super-rich to accumulate vast amounts of American wealth resources and evade the tax by stashing their money hoards offshore -- knowing how it will negatively affect the economy of the Nation which enabled their gluttonous excess.

You need to get hold of yourself because you're starting to rave now. And that's not a joke.

Is it okay for you to keep that CD you bought with your allowance from mom and dad? What if you already have more CDs than me? Is it okay for me to come in your house and help myself to what I think would be a more "fair" distribution?

They are NOT "evading" taxes. Again, you invoke a word for emotion, to imply they are doing something illegal, unethical, inappropriate. They "avoid" taxes they would otherwise pay, if the money were here. No capitalist or wealthy person has as their #1 priority, doing what a liberal thinks is best for the economy, at their expense. Sorry.... just not ever going to be the world we live in.

 

[Boss]

I should tell you that I don't expect you to be convinced by any efforts I make here. My concern is with others who might be misled by the right-wing propaganda which you present here. However, I am curious about your source: Who do you listen to; Limbaugh? Beck? Levin?

The only person spewing propaganda here, is you. It's left-wing Socialist-Marxist propaganda from the early 1900s, for the most part. It has been polished up a bit, and customized to appeal to the spoiled selfish generation of young liberals, who know virtually nothing of world history. If you would like more information on the role you are now assuming, look up the term "useful idiot" and where it originated. You are the modern "useful idiots" and you are being duped into believing in a system that will turn on you as soon at it destroys capitalism.

All the frantic breathless pleas to address wealth disparity, stagnant incomes, etc., will be soon replaced with humanitarian pleas for bread and water. The conditions you believe are now deplorable, will be distant memories of a time we'll never again see. The vast freedoms and opportunities to raise your lot in life through a free market system, will be gone for good. You will simply live at the behest of your ruler and master, and you'll do what they tell you, or face brutal consequences. THIS is where you are pushing it, THIS will be the result. You will never achieve Utopia. You are an abject fool, and you will pay a fool's price.

 

[itfitzme]

More resourses lead to inefficiency. Raw materials, labor and money are all resourses. Non profits like the Red Cross have been inefficient when contributions were high. Solyndra was inefficient in their use of funds. The military, the gov't, individuals and even private companies become inefficient with their use of money when it is readily available.

The cause of the kind of inefficiency you're writing about is not the volume of available funds but the effect of undisciplined, irresponsible, thus ineffective, management.

My impression of the timeline might be off but in my opinion the general sense of responsibility and accountability in government commenced a serious decline when Ford pardoned Nixon, thus symbolically effecting something analogous to the Divine Right of Kings. Nixon had perpetrated a few very serious felonies, crimes for which the ordinary citizen would undoubtedly be sentenced to many years in prison. The clear implication of this being because Nixon was elected to the Office of President he was immune to punishment.

Because of the nature of our political system it naturally follows that such presumptive though unwritten immunity would find its way downward in the official hierarchy -- leading in the simplest terms to general contempt for the rules and the kind of misconduct and corruption which seems increasingly routine in government today.

If the rules were diligently enforced, and if those in political office who break the rules were appropriately punished -- regardless of their rank, you may rest assured the efficiency in disbursing and managing public money would dramatically improve.

I'm not making any distinction as to the cause or process of the inefficiency. Often, it is a trade-off between the cost of the inefficiency and the cost of policing that inefficiency. Often it's a matter of "Why not?" I make enough money to commute in an SUV, why worry? Small startups and volunteer organizations, working with limited funds, tend to spend their money well. They buy the really cheap coffee pot for the breakroom rather than the nicer one. The military has divisions dedicated to ferreting out abuse of funds, at a cost of paying for the people employed in doing the reviews.

Whatever the reason, and not neccesarily "bad" ones, when resourses are plentifull, inefficiency tends to increase.

 

[MikeK]

Is it okay for you to keep that CD you bought with your allowance from mom and dad? What if you already have more CDs than me? Is it okay for me to come in your house and help myself to what I think would be a more "fair" distribution?

They are NOT "evading" taxes. Again, you invoke a word for emotion, to imply they are doing something illegal, unethical, inappropriate. They "avoid" taxes they would otherwise pay, if the money were here. No capitalist or wealthy person has as their #1 priority, doing what a liberal thinks is best for the economy, at their expense. Sorry.... just not ever going to be the world we live in.

You call it avoidance, I call it evasion -- made legal by deregulation. It should not be permitted and the situation is desperately in need of radical reform. That aside, the consequences of income inequality extend far beyond your CD analogy.

I was born at the height of the Great Depression. My family was on the verge of joining the homeless and destitute when they were rescued by FDR's New Deal and the WPA which gave my father an opportunity to work on upstate roads and send money home. So while I have no academic expertise in American history I do have the benefit of learning first hand what I am talking about. I got it right from the horse's mouth.

What is happening today is not very different from what was brought about by greed in the era of the Robber Barons, who were brought to heel by a progressive tax rate which reached the 91% level under Eisenhower. The redistribution of funds led to the rise of the American Middle Class and brought about the most prosperous and productive years in our history, those decades between the late 40s and early 80s.

What is needed today is more of the same. But I recommend taking it a giant step farther and confiscating all personal assets in excess of twenty million dollars, the bottom-line effect of which would be a healthier, stronger, more viable America.

FYI, I also recommend such radical actions as restoration of the draft and the purging of all private funds from federal elections.

 

[georgephillip]

More resourses lead to inefficiency. Raw materials, labor and money are all resourses. Non profits like the Red Cross have been inefficient when contributions were high. Solyndra was inefficient in their use of funds. The military, the gov't, individuals and even private companies become inefficient with their use of money when it is readily available.

The cause of the kind of inefficiency you're writing about is not the volume of available funds but the effect of undisciplined, irresponsible, thus ineffective, management.

My impression of the timeline might be off but in my opinion the general sense of responsibility and accountability in government commenced a serious decline when Ford pardoned Nixon, thus symbolically effecting something analogous to the Divine Right of Kings. Nixon had perpetrated a few very serious felonies, crimes for which the ordinary citizen would undoubtedly be sentenced to many years in prison. The clear implication of this being because Nixon was elected to the Office of President he was immune to punishment.

Because of the nature of our political system it naturally follows that such presumptive though unwritten immunity would find its way downward in the official hierarchy -- leading in the simplest terms to general contempt for the rules and the kind of misconduct and corruption which seems increasingly routine in government today.

If the rules were diligently enforced, and if those in political office who break the rules were appropriately punished -- regardless of their rank, you may rest assured the efficiency in disbursing and managing public money would dramatically improve.

That Divine Right of Kings and Bosses just took a giant kick to the nuts in Guatemala:

"Former Guatemalan dictator Efrain Rios Montt was found guilty on Friday of genocide and crimes against humanity during the bloodiest phase of the country's 36-year civil war and was sentenced to 80 years in prison..."

This is the first time in the history of crony capitalism a former head of state has been convicted of the crime of genocide in his own country.

Ready for the punch line?

"Rios Montt’s senior commander on scene (of one massacre) was a man who called himself
Major Tito Arias, but who was actually Otto Perez Molina, the current
president of Guatemala."

You can't make this stuff up.
Capitalism is the biggest human rights violation of all time.

 

[EdwardBaiamonte]

Capitalism is the biggest human rights violation of all time.

actually China just switched to capitalism and eliminated half the world's poverty!

That would be a human rights violation only to insane libtards while millions slowly starving to death under liberalilsm would not be??

Liberals are 100% brainwashed fools doing Marx's bidding even when it is 100% obsolete. There is not one tiny bit of reason or common sense in it, its pure ignorance!!

 

[itfitzme]

Capitalism is the biggest human rights violation of all time.

actually China just switched to capitalism and eliminated half the world's poverty!

That would be a human rights violation only to insane libtards while millions slowly starving to death under liberalilsm would not be??

Liberals are 100% brainwashed fools doing Marx's bidding even when it is 100% obsolete. There is not one tiny bit of reason or common sense in it, its pure ignorance!!

Really, half of the worlds poverty?

 

[EdwardBaiamonte]

Capitalism is the biggest human rights violation of all time.

actually China just switched to capitalism and eliminated half the world's poverty!

That would be a human rights violation only to insane libtards while millions slowly starving to death under liberalilsm would not be??

Liberals are 100% brainwashed fools doing Marx's bidding even when it is 100% obsolete. There is not one tiny bit of reason or common sense in it, its pure ignorance!!

Really, half of the worlds poverty?

yep, Freed Zakaria, a liberal no less, based half his show on it a week ago Sunday. If you look it up please get me a quote or two from the study on which his conclusions were based. Thanks

Whoops just looked it up myself turns out the drop in world poverty was only 40%, from 2 billion to 1.2 billion. So that makes capitalism merely super miraculous, and liberals a sworn and deadly enemy of the people the likes of which the world has never seen before!

 

[itfitzme]

Poverty Facts and Stats ? Global Issues

 

[itfitzme]

World Poverty Statistics | Statistic Brain

 

[itfitzme]

Poverty - Wikipedia, the free encyclopedia

Absolute or relative poverty?

 

[itfitzme]

" Between 1990 and 2010, about 663 million people moved above the absolute poverty level." [worldwide]

Does that number jive with China moving half of the world population out of poverty? (absolute poverty, I assume)

 

[Toddsterpatriot]

Here's the President of Halliburton Corporations address:

David J. Lesar
Emirates Towers, 13th Floor
Sheikh Zayed Road
Dubai, UAE
Tel: +971 4 303 6836

Starting to see the problem yet?

So we are to discriminate against people because of where they live now?

Does it dawn on you that most of what Halliburton does, as a US defense contractor, is in the middle east? Dubai just so happens to be one of the few places over there, who have a somewhat 'western' culture, and toilet paper. UAE is also a US ally... so why is it godawful wrong for the president of Halliburton to live there? Logistically speaking, it makes sense.

And why do you start foaming at the mouth when someone mentions Halliburton? Did you realize Clinton gave more no-bid contracts to Halliburton than Dubya? I bet you didn't, because you had never heard of Halliburton (or no-bids) until Bush was president.

So are we to discriminate against "people" who profit from the maiming, murder, rape and incarceration and displacement of millions of innocent Muslims? Logically speaking, capitalists who profit from war crimes deserve a Nuremberg accounting. Starting with the "decider."

So are we to discriminate against "people" who profit from the maiming, murder, rape and incarceration and displacement of millions of innocent Muslims?

Yes, I'm all for discriminating against the terror regime in Iran and before that the terror regime in Iraq.

 

[Toddsterpatriot]

Here's the President of Halliburton Corporations address:

David J. Lesar
Emirates Towers, 13th Floor
Sheikh Zayed Road
Dubai, UAE
Tel: +971 4 303 6836

Starting to see the problem yet?

So we are to discriminate against people because of where they live now?

It's not a matter of discriminating but rather of paying attention. This reason being one outstanding example of why:

(Excerpt)

A new report finds that around the world the extremely wealthy have accumulated at least $21 trillion in secretive offshore accounts. That’s a sum equal to the gross domestic products of the United States and Japan added together. The number may sound unbelievable, but the study was conducted by James Henry, former chief economist at the consultancy McKinsey, an expert on tax havens and offshoring. It was commissioned by Tax Justice Network, a British activist group.

Super Rich Hide $21 Trillion Offshore, Study Says - Forbes

(Close)

Does it dawn on you that most of what Halliburton does, as a US defense contractor, is in the middle east? Dubai just so happens to be one of the few places over there, who have a somewhat 'western' culture, and toilet paper. UAE is also a US ally... so why is it godawful wrong for the president of Halliburton to live there? Logistically speaking, it makes sense.

And why do you start foaming at the mouth when someone mentions Halliburton? Did you realize Clinton gave more no-bid contracts to Halliburton than Dubya? I bet you didn't, because you had never heard of Halliburton (or no-bids) until Bush was president.

If Barack Obama was not in the pocket of the Military Industrial Complex (as well as the finance industry) . . .

. . . and if he truly were the man who Candidate Obama pretended to be, rather than appointing a Wall Street lawyer and wooden indian as Attorney General he would have appointed an ethical and motivated prosecutor to that offiice, one who would have diligently investigated and prosecuted the Bush crime Family, there is no doubt in my mind that George W. Bush and Dick Cheney would be sitting in prison today, along with their entire conspiratory cartel -- and the conduct of Halliburton would have served as a major platform of evidence.

Of course you will openly disagree with that. But you are far too intelligent to not be aware that it's 100% true. And in response to your reference to Clinton, are you under the impression that I regard that man as anything other than a cunning, self-serving, devious, duplicitous degenerate? Don't allow your partisan fixations to cloud your judgment.

Super Rich Hide $21 Trillion Offshore, Study Says - Forbes

Oh no, rich people protecting themselves from grasping government.

Kill the greedy kulaks, eh comrade?