The Problem lies in the fact that people and corporations who control most of the country's resources pay little or nothing for sustenance of the country. With improvement in productivity due advancement in technology minimum wage should have increased and people working over 30/wk ought to receive "time and half" on their wages. Att blew 3 billion on break up fee. Imagine if att has spent that money on workers and costumer incentives ? There goes your tax cut.
This is a Bi-Polar ConTree. Big CorpRatCon's (they're people) only 2 motives for existence are increasing profits and gobbling up competitors to corner a market and thus consumers wealth, Community Humanists and Christians believe in the health and welfare of themselves and fellow community members.
Capitalism did not produce the mega-banks and the bailouts - government corruption did, including the government corruption that pushed Fannie Mae to make overly risky loans, which pushed the banking industry to attempt to mitigate the risk with the use of derivatives. Dr. Wolff, while a compelling speaker, is quite simply wrong. Sadly, he's in a position to spew his far-left agenda to the unwitting, fertile young minds of students.
Wolff would increase government into a socialist nightmare.
Capitalism certainly did produce the mega-banks, and then provided the government corruption that led to the bailouts.
The government didn't push any one to make overly risky loans - AIG and the mortgage banks saw a sweet pyramid scheme opportunity, brought the credit default swap to life, and had enough money to throw at the gov't to get them to not pay attention.
After all, capitalism also produced the government.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain it's phenomenal growth in profits
..but the government-subsidized corporation may run into trouble in an economic downturn"
@DDDDanDDDD And who rated the investment on those mortgages triple A ? This has been a con job from the beginning, In case you have not figured out Government is bought and pay for by the money crated by deregulation and unashamed capitalism.You need to look on your own and turn off fox news....
@DDDDanDDDD And who corrupted government... answer : capitalism.
You are a extremist, you need to be reprogram, You are ignoring the facts and defending a fundamentalist agenda, you belief in capitalism is dogmatic, you are kidding yourself. Stop watching FOX news they neither balance nor fair.
@DDDDanDDDD Some day people are going to wake up from the stupidity the right have con the people that elected their tools, and is not going to be pretty, liberalism will comeback and fix this mess...
THANKS for this program---Wolff should run for office, a magnificent speaker. Corporations pay 25% of what a person pays in taxes. That was Reagan's unseen triumph. When I started work in 1965, you paid no tax till you had $1,050 income. Now, look at IRS tax table---if you make FIVE BUCKS a year, you owe tax on it---That's where people pay for the wealthy's vast tax cuts from corrupted politicians. It's time for nonviolent takeover of Washington DC, my citizen friends. Throw every door open.
The Problem lies in the fact that people and corporations who control most of the country's resources pay little or nothing for sustenance of the country. With improvement in productivity due advancement in technology minimum wage should have increased and people working over 30/wk ought to receive "time and half" on their wages. Att blew 3 billion on break up fee. Imagine if att has spent that money on workers and costumer incentives ? There goes your tax cut.
ofrae1971 3 days ago
This is a Bi-Polar ConTree. Big CorpRatCon's (they're people) only 2 motives for existence are increasing profits and gobbling up competitors to corner a market and thus consumers wealth, Community Humanists and Christians believe in the health and welfare of themselves and fellow community members.
greenenvscithr 6 days ago
@e2k42 Correct, the state is an invention of the bour_____, to suppress the class that produces their capital.
noprofitmaximierung 3 months ago
@noprofitmaximierung Usually capitals are not produced, they are stolen, cheated out of the masses or inherited.
maloso305 2 weeks ago
Capitalism did not produce the mega-banks and the bailouts - government corruption did, including the government corruption that pushed Fannie Mae to make overly risky loans, which pushed the banking industry to attempt to mitigate the risk with the use of derivatives. Dr. Wolff, while a compelling speaker, is quite simply wrong. Sadly, he's in a position to spew his far-left agenda to the unwitting, fertile young minds of students.
Wolff would increase government into a socialist nightmare.
DDDDanDDDD 5 months ago
@DDDDanDDDD
Capitalism certainly did produce the mega-banks, and then provided the government corruption that led to the bailouts.
The government didn't push any one to make overly risky loans - AIG and the mortgage banks saw a sweet pyramid scheme opportunity, brought the credit default swap to life, and had enough money to throw at the gov't to get them to not pay attention.
After all, capitalism also produced the government.
e2k42 4 months ago
@e2k42 "New York Times
September 30, 1999
Fannie Mae Eases Credit to Aid Mortgage Lending
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain it's phenomenal growth in profits
..but the government-subsidized corporation may run into trouble in an economic downturn"
This from 1999. Government meddling...
DDDDanDDDD 4 months ago
@DDDDanDDDD And who rated the investment on those mortgages triple A ? This has been a con job from the beginning, In case you have not figured out Government is bought and pay for by the money crated by deregulation and unashamed capitalism.You need to look on your own and turn off fox news....
maloso305 2 weeks ago
@DDDDanDDDD Why are you a cocksucker?
malkooth 2 months ago
@DDDDanDDDD What juice are you on. Glad it's Wolff and not you the people are hearing. Block.
probrojeffro 2 weeks ago
@DDDDanDDDD And who corrupted government... answer : capitalism.
You are a extremist, you need to be reprogram, You are ignoring the facts and defending a fundamentalist agenda, you belief in capitalism is dogmatic, you are kidding yourself. Stop watching FOX news they neither balance nor fair.
maloso305 2 weeks ago
Comment removed
TaoPiet 5 months ago
@TaoPiet Liberalism in America is finished. There, fixed that for ya.
DDDDanDDDD 5 months ago
@DDDDanDDDD Some day people are going to wake up from the stupidity the right have con the people that elected their tools, and is not going to be pretty, liberalism will comeback and fix this mess...
maloso305 2 weeks ago
THANKS for this program---Wolff should run for office, a magnificent speaker. Corporations pay 25% of what a person pays in taxes. That was Reagan's unseen triumph. When I started work in 1965, you paid no tax till you had $1,050 income. Now, look at IRS tax table---if you make FIVE BUCKS a year, you owe tax on it---That's where people pay for the wealthy's vast tax cuts from corrupted politicians. It's time for nonviolent takeover of Washington DC, my citizen friends. Throw every door open.
37Dionysos 8 months ago 6
BRAVO!!!!!!! Thank you!!!!! I'm spreading your word across my Twitter & Facebook.
VictoriaofSommerset 11 months ago
if you liked this, there's lots more at rdwolff.com. articles, video, audio etc
donkiddick08 1 year ago