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Here's Why You Can Stop Trying To Get Richer

Hits: 6074 | Rating: (2.7) | Category: News & Politics | Added by: CaptKangaroo
Page: 1 24 5 6 7 Next >   Jump to: Bottom    Last Post
5Cats
Male, 50-59, Canada
 25714 Posts
Thursday, March 14, 2013 7:48:26 AM
They can't just give themselves "a fat raise"at the expense of the company and piss off shareholders for no reason.

@klaxor: O'really? Then just how did they get those multi-million dollar paycheques with multi-million dollar bonuses every year? Eh?
#2 If the company makes less money (ie: does NOT pass the cost to the consumer) then the shareholders make less, and spend less on goods and services, and guess what? The POOR take the hit anyways!
@5cats, please read the entire conversation,

I've read EVERY WORD @klaxor, and why shouldn't I "pick what I disagree with" to discuss? You scared of being asked a simple question? Oh, I guess you are scared. Poor bunny!

"Mergers and acquisitions" = Yup!
Also: Stock options, bonuses, golden retirement plan... lots of ways.

Magentab0b
Female, 30-39, Western US
 1462 Posts
Thursday, March 14, 2013 6:51:22 AM
I am dumb cause I think the problem isn't how much taxes will bring in but in the deregulation of the stock market. Who cares if we fix the economy now when we will probably mess it up again in 2045. This is a short term solution for the cry of "fix the economy" when we should be saying "no more bubbles."

scapegoat7
Male, 18-29, Western US
 201 Posts
Thursday, March 14, 2013 3:37:42 AM
Honestly, fuq the government. Both parties work for the rich. The banks, wall street, and huge corporations screwed up the economy and stole TRILLIONS from tax payers. The government wont even go after these greedy mofo's because their "too big to jail". fuq that. When they break the laws and ruin the economy they get bailed out and we get raped up the ass.

Can someone explain where all that money they lost went to?

onoffonoffon
Male, 30-39, Western US
 2136 Posts
Thursday, March 14, 2013 12:16:49 AM
I'm all for the greedy corporations not getting so rich off of cheap labor. It's just that the worst idea ever is to let the government have more money. Why couldn't they just not allow corporate lobbyists. Oh wait I forgot... the lobbyists are needed to help the leaders decide what to do ie. make life easy for giant multinationals.

klaxor
Male, 18-29, Western US
 647 Posts
Thursday, March 14, 2013 12:02:04 AM
@richanddead - you're also just giving me a bunch of what ifs and "extreme cases", and the situations that you're giving me are just not as simply as you want to make them seem., especially when you move out of a closed economy and into a global one. Other countries' economies don't operate in the same western economic manner that you think that they do.

"We'll just agree to disagree" - and get led into a f*ing economic depression along the way

richanddead
Male, 18-29, Eastern US
 1953 Posts
Thursday, March 14, 2013 12:01:01 AM
@klaxor: As of April 17, 2012, most of the cruises that visited the island are leaving because of their own economic reasons.

Here

It effects the tourism industry there. Now seriously, I'm turning the PC off, see you tomorrow if you have more questions.

richanddead
Male, 18-29, Eastern US
 1953 Posts
Wednesday, March 13, 2013 11:49:11 PM
I gotta go to bed people..good night, sleep tight, don't let the keynesians bite, lol.

klaxor
Male, 18-29, Western US
 647 Posts
Wednesday, March 13, 2013 11:47:12 PM
"No thats it's independent GDP, what are you going on if not the regional GDP? Anyway it said, if you read it, the majority comes from manufacturing jobs"

- How does that make it economically helpful for the US. Especially with 13.5% unemployment, and with median income salaries of less than half of Mississippi's. If puerto rico is doing so wellthen why is it's population declining as people leave the island to come to the US,
and why is it's credit rating LOWER THN GREECE. Clearly, it is the diamond of the Caribbean.

richanddead
Male, 18-29, Eastern US
 1953 Posts
Wednesday, March 13, 2013 11:46:47 PM
@scapegoat7:
"Clinton raised top marginal tax- Surplus

Bush cuts taxes on rich- Deficit "

True, but your oversimplifying it, here.

richanddead
Male, 18-29, Eastern US
 1953 Posts
Wednesday, March 13, 2013 11:41:09 PM
" And so, how would that be bad for an economy?"

It would be great for the Chinese economy but bad for the American economy, because it would be leaving our taxable markets and we would not be able to make as much revenue if it left.

"We're not talking about foreign companies, and not every company can just define itself as a natural monopoly"
I was just trying to make an example that the laws are not as clearly defined and solid as your making them out to be. If they were China wouldn't be an issue. Your asking a lot of "what if" questions and I'm just trying to answer you without going though five pages.

"we just need to grow a pair and stop relying on failed economic theories."

Ok dude, you do that if you want to, have fun. I'm going to follow the economic Nobel prize winners, and make some money. We'll just agree to disagree, eh?


Andrew155
Male, 18-29, Eastern US
 2564 Posts
Wednesday, March 13, 2013 11:39:43 PM
scapegoat, those tax rates were before globalization. A good portion of the crises that currently plagues the West is because of globalization. The fact that it's so easy to drive jobs overseas with slightly higher taxes was a factor that didn't exist in the 50's. And the one dimensional causation business is sloppy.

klaxor
Male, 18-29, Western US
 647 Posts
Wednesday, March 13, 2013 11:32:06 PM
"And if it's to avoid shareholder loss of funds and its a competitive and wealthy, low risk company. That is exactly what happens. Yep your getting it. "

- And so, how would that be bad for an economy?

"Again only if it is a US company, and actually still no, there are things called natural monopolies that our government allows"

- We're not talking about foreign companies, and not every company can just define itself as a natural monopoly.

"The laws are not so well defined as one might think."
- Now you're just giving up to corporations. If Teddy could do it, we can too, we just need to grow a pair and stop relying on failed economic theories.

richanddead
Male, 18-29, Eastern US
 1953 Posts
Wednesday, March 13, 2013 11:30:47 PM
"That's just b/c it's a part of the US with low taxes. So, yeah, it is a drain on the US since it's just a tax haven for american companies."

No thats it's independent GDP, what are you going on if not the regional GDP? Anyway it said, if you read it, the majority comes from manufacturing jobs.

richanddead
Male, 18-29, Eastern US
 1953 Posts
Wednesday, March 13, 2013 11:25:25 PM
That was IAB's mistake but here, its long but if you really care.

richanddead
Male, 18-29, Eastern US
 1953 Posts
Wednesday, March 13, 2013 11:23:20 PM
"- There are still countries with far lower tax rates regardless. It's kind of hard to compete with a 0% tax rate in Angola, so why aren't the rich(or their money) flocking over there? "

Dude, I love your questions. Here read this, my hands hurt.

"It hasn't been working recently, in case you haven't noticed. Reaganomics only works if the economy itself is thriving. Even then, it opens itself up to economic instability (numerous bubbles and panics). In the end, a majority of ppl are risk-averse and more in favor of economic stability than unpredictable economic growth."

Very true, it follows a predictable up and down trend (has a name I can't remember at the moment).
But is still far more stable than the Keynesian model, which is why supply-sided markets are bigger and more competitive.

klaxor
Male, 18-29, Western US
 647 Posts
Wednesday, March 13, 2013 11:19:59 PM
"Well actually... "

- That's just b/c it's a part of the US with low taxes. So, yeah, it is a drain on the US since it's just a tax haven for american companies.

The Economist magazine calculated that from 1990 to 2009, the U.S. government spent $182 billion more in Puerto Rico than it received from the territory in taxes.

scapegoat7
Male, 18-29, Western US
 201 Posts
Wednesday, March 13, 2013 11:17:43 PM
Higher taxes don't kill jobs.

1950'-60's

Clinton raised top marginal tax- Surplus

Bush cuts taxes on rich- Deficit

OldOllie
Male, 60-69, Midwest US
 14378 Posts
Wednesday, March 13, 2013 11:14:59 PM
...America has become panem et circenses.

Only now it's food stamps and reality TV.

richanddead
Male, 18-29, Eastern US
 1953 Posts
Wednesday, March 13, 2013 11:12:14 PM
"Only if it's in the interest of the shareholders of both companies."

And if it's to avoid shareholder loss of funds and its a competitive and wealthy, low risk company. That is exactly what happens. Yep your getting it.

"prevent unfair business practices, such as if it would give a company too much of a monopoly."
Again only if it is a US company, and actually still no, there are things called natural monopolies that our government allows. Things like oil, airlines, gas and electric companies. The laws are not so well defined as one might think. Plus once a monopoly is created, it can be worse economically to try to remove it, but that's a whole other thing.

klaxor
Male, 18-29, Western US
 647 Posts
Wednesday, March 13, 2013 11:10:47 PM
"Well for the most part our taxation is not as high as you would suggest, thus we are still very competitive because we still have the capital of the rich"

- There are still countries with far lower tax rates regardless. It's kind of hard to compete with a 0% tax rate in Angola, so why aren't the rich(or their money) flocking over there?

"We have also been following what is known as supply-sided economics, sometimes called Reaganomics for quite sometime. Hence your outrage at certain issuies, it isn't perfect I agree but its the best possible known solution economically, and markets respond to that"

It hasn't been working recently, in case you haven't noticed. Reaganomics only works if the economy itself is thriving. Even then, it opens itself up to economic instability (numerous bubbles and panics). In the end, a majority of ppl are risk-averse and more in favor of economic stability than unpredictable economic growth. Reaganomics has onl

OldOllie
Male, 60-69, Midwest US
 14378 Posts
Wednesday, March 13, 2013 11:09:10 PM
Dear Republicans

you and I know this is primarily caused by your party.


Wait, what the hell did the Republicans do to cause this sawed-off little f***tard to make an idiotic video spouting a bunch of communist redistributionist bull$#!+?

richanddead
Male, 18-29, Eastern US
 1953 Posts
Wednesday, March 13, 2013 11:01:47 PM
" There's no way that puerto rico isn't an economic drain on the US"

Well actually...

lol, so negitive..cheer up, dude.

klaxor
Male, 18-29, Western US
 647 Posts
Wednesday, March 13, 2013 10:56:50 PM
"you will be reminded of that Roman saying and realize that America has become panem et circenses."

- Is that from the Hunger Games? Everyone knows that it's just a rip off of Battle Royale

richanddead
Male, 18-29, Eastern US
 1953 Posts
Wednesday, March 13, 2013 10:56:07 PM
If it were that easy, ppl wouldn't wait for a rise in American taxes, they would have done it already. Why haven't they?

Well for the most part our taxation is not as high as you would suggest, thus we are still very competitive because we still have the capital of the rich. We have also been following what is known as supply-sided economics, sometimes called Reaganomics for quite sometime. Hence your outrage at certain issuies, it isn't perfect I agree but its the best possible known solution economically, and markets respond to that. Since the 90's our economy is becoming more Keynesian again, despite being largely disproven, that's why loopholes are becoming so important to competitiveness.
European countries have taken many of the steps you have suggested and in response they were forced to create the EU simply to continue competing with us. Yet as we now slowly seeing it was a temporary fix.

klaxor
Male, 18-29, Western US
 647 Posts
Wednesday, March 13, 2013 10:53:17 PM
"Mergers and acquisitions"

- Only if it's in the interest of the shareholders of both companies. There are also laws that regulate such actions to prevent unfair business practices, such as if it would give a company too much of a monopoly.

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