The Greatest Redistribution of Income in History

[georgephillip]

No, because I'm not simultaneously arrogant and stupid enough to think that I can define anyone's self-interests for them. I leave that to you leftists. You're certainly qualified.

You more than compensate with ignorance.

Blue collar union members who voted for a corporate prop like Reagan or Clinton endorsed the outsourcing of their own job.

Sounds like a class interest for anyone employed in the private sector.

Like I said: Stupid and arrogant leftists think they can define everyone's self-interest for them. And I'm SURE it's just coincidence that it's always "voting to keep leftists in power".

Economic class interest differs from self interest.

If I was a blue-collar UAW member voting for Reagan or Clinton, was I not voting against my class interest?

Was I not voting to outsource my job to lower wage markets?

 

[daveman]

You more than compensate with ignorance.

Blue collar union members who voted for a corporate prop like Reagan or Clinton endorsed the outsourcing of their own job.

Sounds like a class interest for anyone employed in the private sector.

Like I said: Stupid and arrogant leftists think they can define everyone's self-interest for them. And I'm SURE it's just coincidence that it's always "voting to keep leftists in power".

Economic class interest differs from self interest.

If I was a blue-collar UAW member voting for Reagan or Clinton, was I not voting against my class interest?

Was I not voting to outsource my job to lower wage markets?

People are individuals. Why do leftists not understand that?

Identity politics is dehumanizing.

 

[Oddball]

Seems the stupid socialist goobers don't count higher corporate taxes and onerous regulations for driving business offshore.

 

[daveman]

Seems the stupid socialist goobers don't count higher corporate taxes and onerous regulations for driving business offshore.

No, they really don't do they?

Of course, if they did, they'd have to acknowledge their responsibility. Can't have that, can we?

 

[georgephillip]

Wow, from reading this thread I see very little, other than trash talking by people who would rather avoid the point that for all the talk on the right of taxes causing a redistribution of wealth, it's actually a load of crap. The real redistribution of wealth occurs from right wing pro-business type of policies that excuse the wealthy from their filling their share, business practices that focus on inflating the time rings at the expense of the lower rings, and a national economic condition that makes increasingly burdens the lowest classes so as to make it difficult for them to emerge from those levels. Such an approach is not a recipe for a healthy economy.

Growing inequality fueled by government's tax bias in favor or debt over equity financing seems to me like the biggest problem we face.

The Economist Michael Hudson:

"The argument is made that 'The rich create jobs.'

"After all, somebody has to build the yachts.

"What is missing is the more general principle: Wealth and income inequality destroy job creation.

"This is because the wealthy soon reach a limit on how much they can consume.

"They spend their money buying financial securities – mainly bonds, which end up indebting the economy.

"And the debt overhead is what is pushing today’s economy into deepening depression.

"Since the 1980s, corporate raiders have borrowed high-interest 'junk bond' credit to take over companies and make money by stripping assets, cutting back long-term investment, research and development, and paying out depreciation credit to their financiers.

"Financially parasitized companies use corporate income to buy back their stock to support its price – and hence, the value of stock options that financial managers give themselves – and borrow yet more money for stock buybacks or simply to pay out as dividends.

"When the process has run its course, they threaten their work force with bankruptcy that will wipe out its pension benefits if employees do not agree to 'downsize' their claims and replace defined-benefit plans with defined-contribution plans (in which all that employees know is how much they pay in each month, not what they will get in the end).

"By the time this point has been reached, the financial managers have paid themselves outsized salaries and bonuses, and cashed in their stock options – all subsidized by the government’s favorable tax treatment of debt leveraging."

 

[Mr. Shaman]

You are free to do as you choose... live by your decisions, efforts, achievements, etc... I certainly do not fault others in getting what they can in this free society... at least it is not involuntary confiscation of contributors to distribute thru government bureaucracy to con contributors, which is against the concept of a free society

So go for the gusto, idiot, shoot for the moon... go for that promotion from fry cook to cashier at McDonalds

.....Or, FIXING MARKETS, right??



*

[ame]http://www.youtube.com/watch?v=f2iHksmF7m4&feature=related[/ame]

*

WHEN IS PHIL GRAMM GONNA PAY FOR HIS CRIME??!!!

HERE

*

What.....is he......

TOO BIG TO JAIL??!!!!​

 

[editec]

Seems the stupid socialist goobers don't count higher corporate taxes and onerous regulations for driving business offshore.

In the1950s we had much higher corporate and personal taxes than we had in the 70s or 80s or 90s or the aughts.

We also had much higher levels of unionism in the 1950s than we've had ever since, too

Businesses didn't head off the third world nations back in the 1950s

Why not?

Can you tell me what changed in US policy to make them (practically forced them, actually) to move their production offshore?

 

[Oddball]

Seems the stupid socialist goobers don't count higher corporate taxes and onerous regulations for driving business offshore.

We had much higher corporate and personal taxes than we had in the 70s or 80s or 90s.

We also had much higher levels of unionism than we've had ever since, too

Businesses didn't head off the third world nations back in the 1950s

Why not?

We also had gobs and gobs of jobs "offshored" to places like Japan, Hong Kong, Indonesia and Taiwan.

Are those places better off or worse off for the trade?

 

[Mr. Shaman]

I love it how some admire the ones who cornhole them on a daily basis.

No doubt.....

What Will Tea Party Members Do When Their Politicians Betray Them?

 

[Mr. Shaman]

Next time, try "I want what you have worked so hard for, handed to me for nothing"

It's a lot more to the point.

Thanks.

How hard must one work to earn $150,000,000 in one year (that's one-hundred-and-fifty-million dollars)? Are you truly naive enough to believe that the concept of "work," in the accepted sense of the word, has a place in this equation?

It amazes me how so many who are willing to defend this kind of exploitive, ruinously capitalistic excess either haven't a pot to piss in or any hope of ever earning more than $50k a year -- for which they will need to bust their asses at jobs they hate.

What motivates these right wing dupes? Vain, onanistic hope? They are like an army of marching gnomes who happily carry the lubricant for the giant who eventually will hold them down and screw them in their asses.

 

[georgephillip]

Nobody needs the amount of money these people have.

Says who?

Need - Wiki:

"Something required.

I've always tried to have few needs beyond food, clothing and shelter.

 

[draper]

Like I said: Stupid and arrogant leftists think they can define everyone's self-interest for them. And I'm SURE it's just coincidence that it's always "voting to keep leftists in power".

Nobody is telling anyone to do anything. My view of a poor or middle class republican voter is much like the unpopular kid trying to join a frat. They're going to paddle him and he's going to say "please Sir, Can I have another". But they won't let him join.

 

[Mr. Shaman]

We're proud of making things well.

Hmmmmmmmmmm.....they've FIRED all o' the professional-managers at manufacturing-facilities??????

​

 

[cutter]

Why are those bankers getting so rich? It's because the vast majority of the less that bright American public can't wait to run out and get the latest flat screen, i-pad, cell phone or other gadget we can't live without and putting it on that credit card. Someone gets to collect all that interest. Oh, life's so unfair.

 

[MikeK]

Seems the stupid socialist goobers don't count higher corporate taxes and onerous regulations for driving business offshore.

That is saying if a corporate entity doesn't like the tax rate it's okay to move its activities to another country in spite of the damage it will cause to the economy of the Nation and the People that hosted and facilitated its growth. Corporations that engage in such betrayal are not motivated by survival but by greed.

I believe one of the U.S. economy's most serious problems today is such treacherous abandonment is tolerated without penalty or a hint of retaliation.

 

[daveman]

Nobody needs the amount of money these people have.

Says who?

Need - Wiki:

"Something required.

I've always tried to have few needs beyond food, clothing and shelter.

You don't get to decide what other people need, no matter how much you stamp your feet and whine about what's "fair".

 

[daveman]

Like I said: Stupid and arrogant leftists think they can define everyone's self-interest for them. And I'm SURE it's just coincidence that it's always "voting to keep leftists in power".

Nobody is telling anyone to do anything. My view of a poor or middle class republican voter is much like the unpopular kid trying to join a frat. They're going to paddle him and he's going to say "please Sir, Can I have another". But they won't let him join.

You don't actually know any conservatives in real life, do you?

 

[Gadawg73]

Seems the stupid socialist goobers don't count higher corporate taxes and onerous regulations for driving business offshore.

That is saying if a corporate entity doesn't like the tax rate it's okay to move its activities to another country in spite of the damage it will cause to the economy of the Nation and the People that hosted and facilitated its growth. Corporations that engage in such betrayal are not motivated by survival but by greed.

I believe one of the U.S. economy's most serious problems today is such treacherous abandonment is tolerated without penalty or a hint of retaliation.

Corporations answer to their stock share holders.
Stock holders are majority ordinary US citizens, teachers, widows, union members, grocery workers, etc.
Corporations never pay taxes. PEOPLE pay taxes. All corporations do is COLLECT $ from their customers and pass it on to the government as taxes.
Corporations leave this country because consumers DEMAND a lower price for goods and services.
The WAL MART society. Check the shoes you are wearing. YOU support companies going over seas. Quit demanding it and it goes away. Lower the capital gains tax and corporate tax and ALL of the over seas $$ comes back lickity split.

 

[daveman]

Seems the stupid socialist goobers don't count higher corporate taxes and onerous regulations for driving business offshore.

That is saying if a corporate entity doesn't like the tax rate it's okay to move its activities to another country in spite of the damage it will cause to the economy of the Nation and the People that hosted and facilitated its growth. Corporations that engage in such betrayal are not motivated by survival but by greed.

I believe one of the U.S. economy's most serious problems today is such treacherous abandonment is tolerated without penalty or a hint of retaliation.

So you want to prevent damage to the economy by forcing companies to stay in country? What if they can't compete and decide to go out of business? Are you going to force them to stay open?

Take your time. I can tell you haven't given this any thought.

 

[Gadawg73]

Like I said: Stupid and arrogant leftists think they can define everyone's self-interest for them. And I'm SURE it's just coincidence that it's always "voting to keep leftists in power".

Nobody is telling anyone to do anything. My view of a poor or middle class republican voter is much like the unpopular kid trying to join a frat. They're going to paddle him and he's going to say "please Sir, Can I have another". But they won't let him join.

You don't actually know any conservatives in real life, do you?

We used to steal, TAKE the frat boy's beer, laugh at their dates and call their first born ugly.
Wasn't very popular but we were never thirsty.