the rich you mean opra who worth five billion and sends her money to other countrys instead of saving kids here, one thousand children drown in usa every year,, ten thousand die in car accidents in usa every year, one hundred thousand die in usa every year that could be saved by money support in usa, the money that being sent to other countrys.
@MaudsPas could be true ,then just when in history has there never been fighting and wars even neighbors cant get along, before making dumb comments try to figure out what people are like and the way life is, your no differnet from normal.
@luvcheney1 the 700 billion we spent this year includes more then just the "war" which is really just a civilian slaughter operation to appease big oil.
@MaudsPas Please explain exactly, how "Big Oil" profits from keeping stability in the region? You are aware that increased supplies mean lower prices, dont you? And the oil from Iraq, and every other fucking place is sold at world prices? "Big Oil" can pay world prices from ANYONE.
@tomanyasses Its her money, and none of your damn business what the hell she does with it. I dont like her, dont watch her, but she is the one who made it, not you. If you want to help people here, STFU, and do it yourself.
@youngbuck189 Look around the room you are in right now, at the floor coverings, walls, furniture, computer, etc, and you will see all made by businesses, out of metals, plastics, wood, produced by businesses. You are so pure, hate those who made every fucking thing you have.
@MaudsPas I stated that everything you own is from corporations, created by better men than YOU. I didnt state I was superior to anyone. I answer to my own successes and failures.
@tomanyasses How many corporations involved in the manufacture of the computer you are using? The carpet/floor covering of your room, paint on the walls, elelctricity in the wires? Ungrateful dolt.
@tomanyasses Because apparently you like corporations, I suggest you make a "lean to shelter" with branches, cover your fat ass with leaves, and eat berries. Except, all land belongs to someone, so you will be trespassing.
@tomanyasses You said, "you dont know who makes things at all, do you ,most are criminals ". Thats not bashing? BTW, "but left to there own", is not "there", but "they`re", as in "they are". Illiterate.
@alexandertmackay Trade, getting what you want is facilitated by money. The other way is violence, taking what you want. You, and trash like Chomsky, created NOTHING, are just looters.
According to PeterK's logic, people will see a market with low demand and large supply, and think "Hey, let's enter that market and start competing, even though we will make no profit at all due to prices dropping so much from the huge supply. Makes total sense!"
@Ilikemustard Supply has dropped significantly. Major corporations have shut down plants, fired millions of workers. This reduces supply. Private sector reacted to crash, restructured their businesses to meet current demands of the markets. Govt, and labor is what has not adjusted. Govt still hires, increases spending with less revenue. Labor is deliberately kept out of the market with unemployment insurance. This reduces supply of labor artificially, keeping labor wages from falling.
@luvcheney1 No you're wrong once again. Your always wrong. Companies are sitting on trillions in liquid assets. Get out of your moms basement. Learn about the real world.
The problem is a demand problem. We need to spend to create infrastructure jobs, not give tax cuts to billionaires.
@luvcheney1 Do you know anything about unemployment insurance? It's barely enough to live on, it's enough to keep yourself fed, but it eventually runs out so the incentive is to get a job so you have more than the less than subsistance level money the unemployment gives you.
People don't buy freaking yachts with unemployment insurance, hell a lot can't even pay rent and eat with it.
How will the tax cuts help? You don't hire more people because your taxes went down, you hire them
@luvcheney1 because there's a demand for your product.
Reducing taxes on the rich just let's them take their money and invest it in china or some other country....if it was HEAVILY taxed it would force them to reinvest in their own company.
If stock market shenannigans were taxed the rich wouldn't be spending their millions on derivatives bets, they'd be forced to either invest in their plants or employees.
We have the wealth disparity of a bananna republic, working class wages are ...
@dffykvn Just had to answer this BS of yours. High taxes in the US just make corporations seek greener pastures. Higher personal rates just make individuals make changes, adjusting behavior. Legally, and illegally. This is why the percent of tax revenue collected by the govt in the 1950`s at 91% was no more than collected under Bush, at 35%.
@dffykvn You said, "How do you justify not wanting to close tax loopholes and offshore tax havens?" What legal right does the US Govt have to go tax money earned outside the US, if it is kept outside? China makes products, that are sold here, their factories pay THEIR govt the taxes. Same for an American subsidiary, that leaves the money outside. We cant tax Mercedes in Germany either.
@luvcheney1 Are you kidding? thousands of corporations share one bahamas po box.
None of the corps that declare that their home have anything there other than a po box that they share with all of the other tax dodgers.
If your selling in the us, making enough to be a fortune 500 in the us but have a single po box in the bahamas....how the fuck can you say that your headquartered in the bahamas in a po box that thousands of others share for the purpose of evading taxes?
@dffykvn If WalMart is selling Chinese made products, the Chinese certainly do NOT pay US Corp taxes, as they made them in China. The Bahamas is not a manufacturing center, it is a location where corporate profits are accumulated, and therefore subject to the laws there. As long as the money was earned outside the US, there isnt a damn thing to be done about it. Libs can tax, regulate, cry, but Corps just leave. Thats what YOU want, by your actions, so why bitch?
@dffykvn When cash is earned abroad, taxes are paid THERE. This isnt a damn loophole! Its reality. The US Govt can NOT tax profit earned, and kept OUT. THOSE nations can. IF profits are brought back in, Our govt taxes the difference between tax paid abroad, and the 35% US rate. 20% paid abroad, and brought BACK here, is taxed 15% more. IF US GOVT says, pay the 20% to foreign nation, and another 35% here, what would happen? (thats 55%). Nobody would bring money back. Checkmate IRS, pound sand.
@dffykvn In simpler terms, taxes and costs are high in the US. So, the companies leave, go out of the jurisdiction of the IRS. Say goodbye! They left the Lib policies.
I live in NY, NY has pretty high taxes....my residency is in NY....
If I was a corporation I could get away with living in NY, claiming I live in some other country where the tax rates low but I only own a po box there....but I get away with paying 0 dollars in NY taxes.
That would get me sent to prison because I am a human american not a corporate american
A corporation could have a home in NY, and a po box in a place he's never been and its cool
@luvcheney1 You're a conservative and willingly ignorant of how destructively stupid your policies are.
Why don't you try living the way a corporation does.
Live in your state but claim residency somewhere else...somewhere where there's no taxes, then when the IRS comes say your residency is in country x even though you've never left america.
Since you're a second class citizen aka a human american and not corporate american they'd throw the book at you.
@dffykvn High tax States like, New York, New Jersey are losing populations. Texas, with low taxes, had a 21% population gain. highest in the US. Is that hard to understand? Lower unemployment as well. A US corp can have office and Admin here in the US, and manufacture elsewhere. Profit from the manufacturing operation is owed OUTSIDE. You seem to think corps are slaves, must work, profit in the US. They do NOT. They go where they are welcome. Your opinion is irrelevant. They LEFT. Deal with it.
@dffykvn If a Corp earns the profit here, it pays here. Sending it away AFTER it is earned does nothing. The corp is set up in a low tax nation, and the profit accumulated there, outside the US. You cant earn, get the cash here. Or are you too fucking dumb to catch on? You PAY where it is MADE. If A Corp makes widgets in Barfistan, and the US parent Corp, or another corp like WalMart buys those products to sell here, the profit is earned in Barfistan, and they get the tax revenue. Cry Pinko!
@dffykvn You said, "Overseas....Tax....Shelters.....LOOK IT UP." The world is a competitive place, and corporations, individuals are not slaves. More desirable conditions elsewhere attract capital. That is as simple as it can be put.
Thousands of corporations sharing a single po box with the corp that claims residency owning nothing on the island OTHER THAN A FREAKING PO BOX! is a SCAM.
That'd be like me rationalizing paying the tax rate of texas because I left a single pez candy there when I went to the alamo for a class trip.
It shouldn't pass the bullshit detector.
Maybe you should get your bs detector replaced, it's obviously malfunctioning.
@luvcheney1 Oh, I know you are a bit stupid so I need to make this clear: When I call you "mate" it is sarcasm. I can assure you none of my mates are greedy, stupid, uncaring, cowardly (those who attack those weaker are always cowards), liers, fakes, soulless, whores-for-the-rich-and-powerfull, like you are!
Now please call me pinko, socialist, whatever-you-think-is-an-insult because insults comming from the likes of you are cumpliments!
@greenday1978 I really dont see a comment around here from you, but I would automatically hate any piece of shit from Australia, not minding his own business. Now, what was the subject? whores for the rich? See, mate, in the US, the pinkos think screwing the corps is a good thing. Who needs jobs, production, tax revenue anyway? Not any stinking lib, eh mate?
@luvcheney1 Now I am Australian? Too stupid to find my nationality? What happens in the US, ideologically and politiclly influences what happens in the rest of the world and because of that it becomes our business. What idiots like you think and who you vote for determines the political agenda in my country. When the US stops sponsering coups against democraticly elected governments that go against US ideollogy then it will stop being my business.
What you idiot do not know is that for everything you need balance. Markets, as my economy professor said in one of the first lessons, are perfect, in theory...but only in theory. Market distortions always happen due to irrational behavior of the agents, assymetry of information and the element of power which varies from agent to agent.
You also think economy´s purpose is the generation of wealth. It isnt! it´s purpose is the generation of economical well being, a wider concept than that.
@greenday1978 The purpose of free markets is to allow free choices between parties. Govt intervention in markets simply ignores the choices the people make. Any Govt intervention results in less freedom.
Libs, are not the extremists here. They do not hate corporations and they do not want to supress them. You are the only extremist because you foolishly have the market as your God.
Libs want a balance. They want to make sure corporations will not thread on people to make more money. Greed is a capital sin for a reason!
@luvcheney1@MaudsPas I am 59, no medicare till 65, stupid. I work for myself, pay a high deductible policy for my wife and I. As long as I pay my bills, they cant DUMP me. This has been the Law, for many years. 2 years ago, I began having back trouble, with ever increasing costs. This ended with $140,000 bill to Anthem BC. I just was automatically renewed. You either are uninformed, or lie. They would never sign me up, with all my issues. But, they cant get rid of me.
@dffykvn All investments are bets. Derivatives have existed for 3700 years, since ancient Mesopotamia. Just because you havent a clue, doesnt mean Hammurabi didnt know 3700 years ago..
@luvcheney1 -_-, the derivatives being traded are formulas being written up by literal rocket scientists, they haven't been doing it since hammurabi, that's bullcrap.
Betting on the price of a commodity has always been around yes...just not this incarnation of it.
@dffykvn This" incarnation" of it, was simply "bags of mortgages", and "insurance" on bags of mortgages. Fannie and Freddie, created by the Federal Govt, supervised by the Federal Govt, created many Mortgage backed securities. In fact, at the time of collapse, they guaranteed 60% of the $12 Trillion mortgage market. Did it ever occur to you, how did this get out of hand, so large? Who exactly created all this mortgage credit, that bid the prices of homes so high, eh slick?
@luvcheney1 Fannie and Freddie had very little to do with the current financial crisis. The main problem was the revolving door relationship the GOP had with Wall Street. It led to 40 year of a deregulation culture that even infiltrated the democratic party, though to a lesser extent.
These are important times we don't need misinformed people gumming up the works. Please leave the comment section to those who actually understand the issues.
@MaudsPas Fannie and Freddie had 60% of the mortgage market at the time of the collapse. They had "little" to do with it? Do you think having Congress create entities to make loans is a free market principle? As for "wall street", look up the votes for the Tarp Bill ( wall street bailout). Then see which party voted most heavily to bail out the fat cat rich bankers, Wall Street. Dems. Bailouts are not free market ideas either. Screw up, you die. Thats free market.
@luvcheney1 Actually they had more like 10% maybe less. But that's not the point, F&F where refusing to take the bad mortgages at a time when the private sector banks, aig,lehman,etc had been buying them for years.
The banks getting TOO BIG TO FAIL is why they were able to hold the american people hostage until they got a bail out(bush bailout). If we hadn't deregulated the banks and allowed them to get too big to fail this wouldn't have happened.
@MaudsPas "The fraction of outstanding home mortgage debt that was either held or guaranteed by the GSEs (known as their "total book of business") rose from 6% in 1971 to 51% in 2003." This is to just 2003, showing 51%, I didnt want to spend more time, on a dope like you. Conservatives dont care about loaning to deadbeats, unless Fannie buys the lousy loan!!!! Stupid.
@luvcheney1 Do you actually have a substantive point or just personal attacks? Again you missed the point, the bad mortgages were products of the private wall street bankers gambling habits. 40 years of GOP deregulation culture destroyed all safety nets in place after the last Great Depression.
You got the Glenn Beck talking points nailed, but reality repudiates the big government myth. Its gov regulation or corporate control. Try not being such a corporate shill, turn off fox and read a book.
@MaudsPas My substantive point was the fact Fannie and Freddie had 60% of the mortgage market at the time of collapse. Wall St may be stupid, but the govt created F&F, and THEY lowered standards, THEY bought mortgages from the banks.
@luvcheney1 "As long as I pay my bills they cant dump me." OK, you get sick, your business fails and you can not pay your bills. What then?
"this has been the law for many years" yes indeed. The sign that you need regulations or else they would dump you even if you payed bills but showed signs of becoming too expensive.
@greenday1978 "I began having back trouble, with ever increasing costs....I just was automaticly renewed....They would never sign me up, with all my issues. But they cant get rid of me" indeed...you have regulations and laws preventing them from dumping you. The thing is they will, as soon as you are too week to pay your bills...after a lifetime paying.
@greenday1978 I also know full well, Mate, that the suicide rate for severe spine injuries in the UK is more than DOUBLE the rate in the US, Mate. When my Doctor recommended surgery, it was completed 3 weeks later. Mate. I RV camp in the SW US in winter, meet fucking Canadians who get operated on in So Cal, because they PAY so they can get a knee, or hip NOW, as opposed to suffering for years, MATE. US invents 55% of worlds branded drugs, while EU has 60% more population, MATE.
@greenday1978 The grocery store will also "dump" me, the gas station, the Ford dealer, when I have no money. The State will throw me out of my home I paid cash for, if I cant pay the taxes on it. We have CONTRACT LAW, and I have a CONTRACT. When I signed up, they wanted my health history. They offered me a policy, at 150% standard rate, because I had issues. Now, I am older, have more issues. I pay them. There is NOTHING they can do. Policy is 8 years old, Obama had nothing to do with it.
@luvcheney1 Contract law is formated by laws that insure that the contract can not be unbalanced or prejudiced towards one of the parts. As you should know! And that is well before Obama, but it is legislation from the government.
The grocery and the rest will dump you if you have no money, that is why you need a welfare system as a safety net to make sure when that dark day arrives at least you have food.
The Canadians you met had the option of paying for faster treatment. They were not faced with the option of no treatment at all, like it happens to you in the US. The US invents 55% of the drugs with a considerable amount of scientists and lab technicians educated in non US universities. the EU has 60% more population but it also has a more varied backround of cultures and historical experiences: In some countries in Europe, conservative right wing dictatorships actively discouraged education.
@greenday1978 Right wing dictatorships sponserd by your lot! To look at the EU, with all its languages and different types of educational systems as a monolith is another sign of stupidity.
Glad to know you have at least learnt from me what sarcasm is...by your now recurrent use of the word mate! LOOOL
@dffykvn When a farmer puts corn in the ground, HE is betting on its future value. It takes time to grow and harvest. Mesopotamia had derivatives on agricultural commodities, because THAT was their economy. We have mortgage based derivatives. So what??? You too, have derivatives, I bet. Nearly everyone does. Pretty crazy, perverted bets too, I must say. Betting with a 3rd party that will pay you off if you run your car into a tree, or that will pay you if your house burns to the ground. Wierdo
@luvcheney1 stagnant while the rich have seen their income skyrocket.
When the american worker started producing more and more they didn't see the benefit of the increase in supply. Their bosses just took the profits out and either waged it on wall st or bought a golden toilet.
The workers produce more and work longer for less benefits, the owner makes a hell of a lot more but thanks to low tax rates, he gets to gamble with it instead of raising wages.
@luvcheney1 Speculation games in the market don't create anything of value or even put money in a worthy company, hell some use these bets to tank companies and making money off them failing.
Nothing material is constructed, it benefits only 1 person and there's collateral damage.
If those games were shut down, businesses were forced to invest in their plants and workers instead of extracting it then they'd find that they have more customers that can afford to spend more.
@dffykvn US has corp tax rate of 39% (fed& state), OECD avg is 24%. THIS means going OUT od US gets 15% more profit. Why stay? Altruism? Please! Speculation MOVES CAPITAL. Speculators, investors direct Capital to more profitable areas. Right now, oil is climbing in price. THIS makes exploration, production more profitable, and CAPITAL will be more eager to produce more oil. Higher supplies will help moderate the increase. Except Obama, & stupid Libs, stop production as much as possible.
@luvcheney1 In the US, more exploration and production can increase supply, a good thing. Libs WANT to stop production! Exxon- Mobil, the US largest oil producer, pays 40% taxes, to OTHER NATIONS! Thats because it EARNS its money OUTSIDE the US! Ask yourself how smart it is to have a $300 bill corp, pay $120 bill in tax OUTSIDE the US! WHY? Because it is too hard to produce here. It is near illegal. As Obama stops production in the Gulf, Speculation is just the stupid word for investing. Risk.
@MaudsPas Money earned in another country, and not brought back to the US, is untaxable by the US. Libs put high taxes, regulations, environmental costs, because you HATE corporations. You have it your way, they leave the country, take jobs out, tax revenue out, leaving you gasping about loopholes!! Loopholes?? There isnt any stupid loophole, idiot, they LEFT! Dumb ass Libs say, they pay no taxes! Loopholes! Sure, they left the country because of trash like YOU!
@dffykvn That is the way it is all over the world. If low tax nation has a plant here in the US, do you think they can make a pile of money, and the US govt wont tax it? Except that ANY CORP, US or FOREIGN, transfers PROFIT out of the US, doesnt pay any taxes here. Its easy.
@dffykvn Suppose I make widgets in the US, so I sell a few widget parts made in low tax nation by Widget INC, to US widget subsidiary, at high price. US subsidiary paying the high price for parts makes no profit. Widget INc, in low tax nation makes most all profit, pays at low rate. That transfers all profit OUT of US, and is legal. If you tried to stop it, US corp would just reorganize abroad for good, management, corp jobs would go away too. OR, you could make our taxes lower. Thats it.
@luvcheney1 The panic in your posts is so visible that it explains how you act and think. I bet you are stockpilling guns and tinned food. Pathetic redneck!
Social democracy not only saved Europe from communism at the end of WWII it also gave western Europe and North America the best decades of its history in terms of growth and well being, if you cant see that you are basicly too dumb to talk to rationally and I better just start insulting you as a stress relief method.
@greenday1978 Gold is the barometer of what the free market thinks about your social democracies. Official price was $35 back in 1970, closed over $1400 today. US official price is still $42.22. Thats the price they wont sell you Gold. I am pathetic. Pathetically happy, quadrupled my savings in last 10 yrs, doubled over last 31/2. INCLUDING a disaster. I do have a small, speculative gold, and silver mining portfolio that was up 75% in 2009. Damn, only 30% this year. I love the depression!
@luvcheney1 If you do business in the US you should pay taxes based on the income from US operations.
You're an idiot if you think otherwise....because those idiots tend to make laws making the income made off of us customers untaxable.
But you are fighting for that poor poor underrepresented minority....the multinational corporation billionaires. They're a proud, noble and downtrodden people having to take shelter in tax havens in tropical hells like the carribeans...poor them.
@dffykvn I am only explaining the facts, the situation. Multinational corporations do not MAKE significant profits off US customers. They arrange business so profits accrue outside. Conservatives want the profits made inside. They ask for it through policy. Lower our corp rates to match avg of 31 OECD nations. This will INCREASE tax revenue to our govt, which is good, and remove a reason corps leave. IF they pay 24% abroad, and 35% plus 9% Ca state too, thats 43%! They will lose 19%! They go...
@dffykvn How can you expect them to stay here, losing 19% of the profit? BUT, Obama is the Pres, people are stupid, so nothing will change, I know it. But, CEO`s are not stupid, they will just send the jobs out. Obama wants to tax them, on profit made outside, but that is silly. They will just move headquarters out of the US as well, and be 100% done with us. Its just business............. not personal
@luvcheney1 I don't give a fuck where they're BASED.
They do business in america and should pay taxes on the money earned off of AMERICANS.
And yes it is personal, they extract the wealth and accept the subsidies but won't pay taxes on it...but still bitch about the tax rate when they can just hide it in another country and get off scott free.
@dffykvn What you THINK, what you FEEL is totally irrelevant. Taxes are too high here, corps take profit OUT, beyond the reach of greedy looters like you, and the US Govt. They cant be touched, any more than you can tax the German public, or the French. They are GONE. Say bye! Opinions just like yours ran them off. You hate production, profit, innovation, genius, supplying markets. Now, get over it. See how those with no skills get by. Obama, Biden, THEY can create corporations??? ha, ha.
@dffykvn Are you aware that the subsidy rate for oil, natural gas is about 24 cents per GigaWatt hr, and for solar and wind about $24? In a free market, would you pay $24 for something when you get it for 24 cents? Only a Lib thinks that is a good idea.
@dffykvn WalMart sells in the US, pays taxes in the US. The Chinese corps get paid in China, stupid, pay 20% taxes in China, not 35% here, plus state on top.
@luvcheney1 No business in the US is making 0 dollars from americans..did they make more than 0 dollars? YES, they made billions of dollars OFF OF BUSINESS IN THE US!
@luvcheney1 of course you love the depression that is why neo cons like you created it...to make money out of ordinary people.
When you lot rule the US will become like Colombia, Brazil or South Africa in the 90s...the criminality will be so high you will have to hire body guards to take your kids to school.
Inequality and inequity in treatment generate violence.
@greenday1978 Protecting myself and my family, by using my brain, doesnt make money at your expense. In fact, I have shared the means by which you can protect your own family, if you read my previous posts. I also am sharing with a big reason jobs are going out of the US. You burn with hate, but corporations have a duty to the owners, not the US govt, or YOU. You hate them, why the anger when they take their factories away?? Do you stay, where you are hated? Canada is 16% corp tax, we are 35%.
@luvcheney1 You are the one who hates...your fellow man. Corporations are moved by profit...I have no problem with that, I expect that and even believe that to be good...but only if the secondary effects of greed are contained and the weaker protected. with no regulations (which were too laxed but now can still be used to proove that bp was negligent) and no taxation to start a clean up job where would the gulf of texas fishermen be?
@greenday1978 We have a justice system, civil courts, where issues like BP`s spill are taken care of. Now the Obama Admin has BP putting $20 bill in a fund, but it is only putting $5 bill in a year. Perhaps you didnt know, but during the spill, the free market drove BP share prices down by an amount of about $100 bill. Since the spill is over, the oil gone, the market allowed shares to rise, but still are way down, far more damage done by FREE MARKETS to BP than Obama did. Regulations dont work.
@luvcheney1 Yes, companies move for profit. Restore the US as the leading place to make profit, and the problem is over. Just today, Canada announced lowering its corp tax rate from 18% to 16.5%! US corp rate is 35%, and in CA, another 9% is added, making it 43%. Thats 26.5% less taxes! Canada is not 3rd world, and the OECD nations are not, with an avg of 24%. Lawsuits in US are double to quadruple what they are abroad. Regulatory costs, environmental, permitting, all add up.
@luvcheney1 You seem like you want tariffs, and less trade. The biggest advance for civilization in ancient history was when cities in Mesopotamia were born. From shepherders, farmers all living apart, without much trade, to a city, with specialization of labor. Specific trades. World trade is the same, but a different scale. Rome was free trading, many roads, wealthy, until catastrophic currency collapse, big army/ govt. After Rome, Feudalism, market by tiny kingdoms, little Trade, DARK AGES.
@luvcheney1 The Dark Ages were market by grinding poverty. The revival?? The Rennasaince was Trade, Venice, a deep water port. Trade was restricted during the Great Depression, prolonging it. Your Lib hero, Clinton sees free trade. If I make $20/hr, it would be silly for me to take time off work for days to paint my home, if I can hire someone to complete the job at half the price. Your trade position means you would lose $800 pay, rather than pay $400 for the job. THAT makes financial sense??
@luvcheney1 BP shares fell because the market was 1 affraid of what the US government would do to BP 2 the cost of the clean up operation, which BP felt obliged to do precisely because they were affraid of what the US government would do.
@greenday1978 The US Govt can NOT do anything legally to BP stupid. The $20 bill was "voluntary" according to the Admin. You do REALIZE there is a civil justice system, courts, to deal with this? That the govt has no legal authority to just DEMAND cash, without BP in court? Even so, BP pledged 20 bill, at 5 bill a year. Value of corp fell over $100, was still down $70 bill last time I looked a couple months ago.
@luvcheney1 Of course it can not...you have already over de-regulated. It can still deny contract, oil exploration concessions, it can come up with a bill to force them to pay for the clean up.
Oh by the way loved your comment about how the insurance companies can not get rid of you and your admitance that they tryed after your back problem. Guess what: that happened because there are REGULATIONS that prevent them from dumping customers not out of the kindness of their heart.
@greenday1978 My back operation was before ObamaCare, and my Insurance corp did NOT try to get rid of me. I have a CONTRACT, stupid. I am 59, and have more, and increasingly complex, expensive problems. They would WANT to be rid of me, but my CONTACT has always protected me. Sure, Obama is denying oil exploration. We all enjoy lower supply, higher prices, eh dummy?
@luvcheney1 If conservatives hadn't sat down with big oil to write sloppy "regulation" for oil exploration we wouldn't have lost millions of jobs in the gulf of mexico, causing billions of dollar in long term economic damage.
You needs to think about thinks on a larger scale. Turn off Fox news it not real news. Its far right disinformation propaganda.
@MaudsPas The oil spill s finished. BP will need to pay, and will. Its over. Obama is the one who is shutting down the gulf, and China, will be drill in the gulf, with Cuba.
@luvcheney1 you said yourself they tried toi get rid of you. If they havent it is because there are laws (even before Obama) that tryed to prevent it. And you know it. For someone so suspicious of the State you have a strange faith in justice (which is a function of the State in case you havent noticed).
Your oil is too cheap! Considering it is a scarce resource and your dependence on foreign supply it should be rationed.
@greenday1978 Go copy, and paste where I said they tried to get rid of me. Lying piece of shit. Reality is that you buy insurance BEFORE you get sick. If they can just terminate you next year, insurance has no value. This has been written in contracts for years, because the ins co`s find it necessary, to do business. I have had issues for years, I keep paying, they renew. Simple. Stories of people being dropped are all the same, liars who hid problems, Committed FRAUD on apps.
@luvcheney1 Mate you said it. They tried to get rid of you as soon as you got sick...that is what they do. Dont say I am lieing because you showed yourself up. If the US has that much oil what are you doing sacrifising your own teenagers lives in the middle east? Poor people´s lives in america are cheap right? In Europe we know with our long history that we "we create a State not to have to bend down for tyrants". Your utopia would be a tyrany even for you small fry.
@greenday1978 I sense you havent had a very good Christmas as you are insulting everybody. Did father christmas just put a lump of coal in your stocking because you are a wanker?
@greenday1978 As for oil being scarce, the "Green River Formation" of oil shale in Wyoming, Utah, Colorado has three times as much recoverable oil than Saudi Arabia, and enough to be the ONLY source of the US, at 20 million barrels ( current consumption) a day for 105 years. Oil in the US is priced at the market, with some taxes. Oil in Europe has far more taxes, is much more expensive than "FREE" market. But then, Europeans have little taste for Liberty, eh?
@luvcheney1 Idiot...it is easier to prevent serious damage thru legislation than to repair it in the courts. If you let companies do what they feel they need to do you will end up with people dead. In India you have people dying when they are 20 or 30 yo because they work in the recycling business since children working with battery acid and chemicals of all sorts...but you, who likes calling other thieves, have no problem when your sick system kills people. Murderer!
@luvcheney1 Drilling regulations are PREVENTATIVE.
Lax and unenforced regulations allowed the spill to happen.
The regulator was in bed with the corporation because of your bullshit deregulation mantra.
Thanks to idiots like you who believe no regulation is the best regulation, the drilling facility was allowed to use substandard safety precautions and weren't even using a ****ing charged battery.
If regs were SERIOUSLY enforced the spill WOULDN'T HAVE HAPPENED!
@greenday1978 What "moral code" do you feel the RIGHT to loot the work, production, of another? We dont want to take the work, labor, assets, of others by force. Taxes are just that, force. Pay, or be jailed by men with guns. We desire only free, voluntary transactions, that both parties feel are in their best interests. If not, decline the trade. YOU do NOT extend freedom to others. You are a common looter, a thief, wanting govt to steal for you. Great. The productive LEAVE, hide assets.
@luvcheney1 Free trade makes sense when the playing field is even. I have no problem competing with a country that allows free unions as they will fight to get the living standards of people closer to ours. What you can not do is compete with dictatorships runned on forced labour.
When marxists spoke about capitalism selling the rope that would hang it...well it is happening now.
@greenday1978 You do not refer to specifics. China, reformed in 1977, has liberated a portion of their economy. This is lifting the standard of living, as impoverished agricultural workers migrate to the free enterprise zones, working in factories. Pay, benefits bad, but they are improving, there were strikes in Honda factory last year, unions were non- existant under Mao. This is typical, as factories spread, excess labor is drying up. Less labor supply boosts pay, benefits. Freedom.
@luvcheney1 As for India killing workers, this is caused by living under an unproductive economic system. Wealth creation is the only way industry can extend higher pay, better conditions, benefits. Money. Proft will finance more factories and dry up the oversupply of labor, and that raises wages, allows leverage by workers to make more demands. Workers earn more because when their market value changes, with increase demand. ( lower supply). Business, corporations supply this.
@greenday1978 As for India killing workers, this is caused by living under an unproductive economic system. Wealth creation is the only way industry can extend higher pay, better conditions, benefits. Money. Proft will finance more factories and dry up the oversupply of labor, and that raises wages, allows leverage by workers to make more demands. Workers earn more because when their market value changes, with increase demand. ( lower supply). Business, corporations supply this.
@luvcheney1 Listen there are two sides to the equation. Supply and Demand.
You far right wacko supply side economics is what leads to despotism and fascism all over the world. We need to return to historical tax rates on the rich. That is how we created the great American Middle Class and that is what The American people want back.
In 1976 99% of us had 80% of the wealth, today the bottom 99% of have 53% of wealth. At the same time the tax rates on the rich have gone down...
@MaudsPas Total tax revenue received by govt in 1950`s was 17.3% of GDP. During Bush Admin 2001- 2008, avg was 17.4%. Top tax personal tax rate was 91% in 1950`s, 35% Bush term. Corp tax rate was 51% 1950`s, 35% Bush term. It must be obvious, that much more income, both corp and personal, must be being offered up to be taxed for this to occur. You may not like the fact it did, but that is irrelevant. You could raise tax rates, but I assure you, less income will be offered up to BE TAXED
@luvcheney1 Raising taxes increases tax revenues, and if there is no additional spending the debt decreases.. It's called accounting 101.
Increasing tax rates on the rich instead of the middle class also has the added benefit of increasing middle class wealth and reducing income inequality. We don't need to give any more breaks to wall street bankers and billionaires. Its the middle class that was strong in the 60-70's because of progressive policies in place not conservative voodoo economics.
Respond to this video... And companies do not move because they are hated...they move looking for profit. Tax, wagers absence of barriers. If the USA and Europe, instead of bending down to china insited on compensatory customs taxation according to the existence of the freedoms and systems that allow workers in 3rd world countries to improve their life standards the corporations would soon come back to have access to the US markets.
The means to protect myself are to co operate with the society where I live, making sure there is social justice and the weak are not left behind, because that is the thing that generates violence. Look at Europe after the war. What stabilized it was a welfare system that alienated the poor from violent forms of governance.
@dffykvn "I don't give a fuck where they're BASED. They do business in america and should pay taxes on the money earned off of AMERICANS." Your words. If an American manufacturing corp is overseas, and WalMart buys those products to resell in the US, or from a distributor, that overseas corp gets paid overseas, and WalMart sells the product. Overseas profit is not taxable. I know you do not like that. What you like doesnt matter, the corp is gone.
@dffykvn You see, Liberals, pinkos, socialists, Progressives all think corporations are evil, and want high taxes, regulations, environmental costs, give unions power, trial lawyers lawsuits, etc, etc. Fine. The corps dont make a big fuss, they just LEAVE. You can hate, get mad, pass rules, and they take your jobs, tax revenues away, to a place where they feel WELCOME. No problem! Thats OUTSOURCING! Lib policies.
@luvcheney1 In the world you want to live in, if tomorrow you find a lump where it shouldnt be, you will loose your company, the health insurance companies will desert you as soon as they find you weak and if you pass away ruined your daughter will be left to beg or walk the streets. In the world I want, if that happens, you get treatement and do not have to worry if it will be too expensive. Even if the worst happens your daughter will be provided for.
@greenday1978 Billionaires are the only minority republicans give two shits about protecting.
Billionaires still suffer segregation, being forced to live in gated communities of hundreds of acres locked in multi story palaces with few neighbors, have more pools and bedrooms than they know what to do with.....oh how they suffer.
@dffykvn Is outsourcing real? If its not , dont worry about my view. If it IS true, WHY do they leave, take taxes, jobs abroad? If you feel, as I do, that outsourcing is bad for US, the solution is quite simple. Make the US more attractive in comparison to foreign nations, as a place to do business. You are just lamenting the outsourcing. Corps wont stay here like slaves, serving politicians who produce nothing, voters who dont respect those who produce their products, give them jobs.
@greenday1978 Insurance companies cant DUMP you when you get sick! People lie on their apps, committing fraud, if they get sick, and corp finds they fraudulently applied, they are dumped. I have a personal policy, had $140,000 back surgery. I never lied when I applied, 7 years ago. They are STUCK with me. Of course, I needed to be responsible, apply before I was ruined, pay my bills in CASE something happened. Medical has costs, your vision doesnt change that. You want others to pay YOUR bills.
@luvcheney1 Nope...I put in more money in the system than what I take out...being young and healthy...but I do not want people to do without when all can pay to have an universal system that they can use when they are at their weakest. Its called being a decent human being.
Your trust in insurance companies is stupidity. I know, I worked for one briefly.
@MaudsPas I am 59, no medicare till 65, stupid. I work for myself, pay a high deductible policy for my wife and I. As long as I pay my bills, they cant DUMP me. This has been the Law, for many years. 2 years ago, I began having back trouble, with ever increasing costs. This ended with $140,000 bill to Anthem BC. I just was automatically renewed. You either are uninformed, or lie. They would never sign me up, with all my issues. But, they cant get rid of me.
@luvcheney1 Listen you disabled fuck. Stop using medicare and lying about not being able to get government assistance before you are 65.
I have no problem with medicare or you getting it but to turn around and vote for Republicans is being hypocritical. Most people who get medicare are actually in the red states that's the ironic part.
However you come up with these great videos keep them coming!
thethirdq 6 months ago
the rich you mean opra who worth five billion and sends her money to other countrys instead of saving kids here, one thousand children drown in usa every year,, ten thousand die in car accidents in usa every year, one hundred thousand die in usa every year that could be saved by money support in usa, the money that being sent to other countrys.
tomanyasses 1 year ago
@tomanyasses Maybe we shouldn't waste 700 billion/year starting wars in third world countries.
Just like a conservative to try and tell other people what they should do with the money they earned..
MaudsPas 1 year ago
@MaudsPas could be true ,then just when in history has there never been fighting and wars even neighbors cant get along, before making dumb comments try to figure out what people are like and the way life is, your no differnet from normal.
tomanyasses 1 year ago
@MaudsPas The wars cost about $130 bill/ yr.
luvcheney1 1 year ago
@luvcheney1 the 700 billion we spent this year includes more then just the "war" which is really just a civilian slaughter operation to appease big oil.
MaudsPas 1 year ago
@MaudsPas Please explain exactly, how "Big Oil" profits from keeping stability in the region? You are aware that increased supplies mean lower prices, dont you? And the oil from Iraq, and every other fucking place is sold at world prices? "Big Oil" can pay world prices from ANYONE.
luvcheney1 1 year ago
@luvcheney1 and if some other countrys united and destroyed usa it would cost one billion trillion
tomanyasses 1 year ago
@tomanyasses Kids drown, because we can afford swimming pools. They die in car crashes, because we can afford to drive a lot.
luvcheney1 1 year ago
@luvcheney1 wow a smart ass and dumb ass your real credit to humanity, dear god why let scum like this live and the good and innocent die
tomanyasses 1 year ago
@tomanyasses Its her money, and none of your damn business what the hell she does with it. I dont like her, dont watch her, but she is the one who made it, not you. If you want to help people here, STFU, and do it yourself.
luvcheney1 1 year ago
@luvcheney1 wow you sound so smart not!!!!! you must be at least ten to say that
tomanyasses 1 year ago
FUCKING ADS
whitestboyalive1 1 year ago
@AustrianAtheist Nobody is cutting taxes on income tax rates. But, 4% of $200,000 is $8,000. Why does Obama deserve it? What has HE ever produced?
luvcheney1 1 year ago
@youngbuck189 Look around the room you are in right now, at the floor coverings, walls, furniture, computer, etc, and you will see all made by businesses, out of metals, plastics, wood, produced by businesses. You are so pure, hate those who made every fucking thing you have.
luvcheney1 1 year ago
@luvcheney1 You have no idea what you are talking about. Get an education punk.
youngbuck189 1 year ago
@youngbuck189 Sorry I pointed out that everything you have came from corporations. Men who are BETTER than you.
luvcheney1 1 year ago
@luvcheney1 You think you're superior to everyone because you believe in a failed ideology...?
MaudsPas 1 year ago
@MaudsPas I stated that everything you own is from corporations, created by better men than YOU. I didnt state I was superior to anyone. I answer to my own successes and failures.
luvcheney1 1 year ago
@luvcheney1 you dont know who makes things at all, do you ,most are criminals
tomanyasses 1 year ago
@tomanyasses How many corporations involved in the manufacture of the computer you are using? The carpet/floor covering of your room, paint on the walls, elelctricity in the wires? Ungrateful dolt.
luvcheney1 1 year ago
@luvcheney1 whats that got to do with them being criminals , how dumb are you
tomanyasses 1 year ago
@tomanyasses Because apparently you like corporations, I suggest you make a "lean to shelter" with branches, cover your fat ass with leaves, and eat berries. Except, all land belongs to someone, so you will be trespassing.
luvcheney1 1 year ago
@luvcheney1 aparentyly you dont know me but you sure talk shit dont you
tomanyasses 1 year ago
@luvcheney1 are you on illegal drugs sound like it
tomanyasses 1 year ago
@tomanyasses You are a typical Lib, bashing corporations, when everything you have came from them.
luvcheney1 1 year ago
@luvcheney1 wrong about me ,but thats the way you are ,always wrong arent you , corps are good but left to there own, there bad to the bone
tomanyasses 1 year ago
@tomanyasses You said, "you dont know who makes things at all, do you ,most are criminals ". Thats not bashing? BTW, "but left to there own", is not "there", but "they`re", as in "they are". Illiterate.
luvcheney1 1 year ago
@luvcheney1 i dont care about typing from a snot nose idiot who has the mind of a ten year old, save the smart ass stuff you child
tomanyasses 1 year ago
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tomanyasses 1 year ago
@luvcheney1 how long have you been a douch bag o h wait all your life
tomanyasses 1 year ago
@luvcheney1 you like to blab shit typical idiot you accomoblish nothing but blab like this idiot turk the jerk
tomanyasses 1 year ago
@tomanyasses Please define this word, before I make a comment. I only speak English and Spanish, and am not familiar with "accomoblish".
luvcheney1 1 year ago
@luvcheney1 you speak smart ass and dumb ass thats why
tomanyasses 1 year ago
@tomanyasses Does your age and IQ added together equal at least 80?
luvcheney1 1 year ago
@luvcheney1 does your age and iq equal fifty
tomanyasses 1 year ago
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tomanyasses 1 year ago
@luvcheney1 how are they better none of them invented this stuff idiot
tomanyasses 1 year ago
@alexandertmackay Trade, getting what you want is facilitated by money. The other way is violence, taking what you want. You, and trash like Chomsky, created NOTHING, are just looters.
luvcheney1 1 year ago
This has been flagged as spam show
yes he is the uncle. UNCLE TOM.
4NrAGS 1 year ago
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schmokay 1 year ago
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lukegreen37 1 year ago
According to PeterK's logic, people will see a market with low demand and large supply, and think "Hey, let's enter that market and start competing, even though we will make no profit at all due to prices dropping so much from the huge supply. Makes total sense!"
HERP DERP
Ilikemustard 1 year ago
@Ilikemustard Supply has dropped significantly. Major corporations have shut down plants, fired millions of workers. This reduces supply. Private sector reacted to crash, restructured their businesses to meet current demands of the markets. Govt, and labor is what has not adjusted. Govt still hires, increases spending with less revenue. Labor is deliberately kept out of the market with unemployment insurance. This reduces supply of labor artificially, keeping labor wages from falling.
luvcheney1 1 year ago
This has been flagged as spam show
@luvcheney1
Are you arguing against me? Because I agree with everything you just said completely.
Ilikemustard 1 year ago
@luvcheney1 No you're wrong once again. Your always wrong. Companies are sitting on trillions in liquid assets. Get out of your moms basement. Learn about the real world.
The problem is a demand problem. We need to spend to create infrastructure jobs, not give tax cuts to billionaires.
MaudsPas 1 year ago
@MaudsPas "Conservatives" don't know ANYTHING about the real world.
They don't let such trivialities like facts and human decency get in the way of blind faith in their destructive ideology.
dffykvn 1 year ago
@dffykvn Look at your post, there is no refutation of any fact.
luvcheney1 1 year ago
@luvcheney1 Do you know anything about unemployment insurance? It's barely enough to live on, it's enough to keep yourself fed, but it eventually runs out so the incentive is to get a job so you have more than the less than subsistance level money the unemployment gives you.
People don't buy freaking yachts with unemployment insurance, hell a lot can't even pay rent and eat with it.
How will the tax cuts help? You don't hire more people because your taxes went down, you hire them
dffykvn 1 year ago
@luvcheney1 because there's a demand for your product.
Reducing taxes on the rich just let's them take their money and invest it in china or some other country....if it was HEAVILY taxed it would force them to reinvest in their own company.
If stock market shenannigans were taxed the rich wouldn't be spending their millions on derivatives bets, they'd be forced to either invest in their plants or employees.
We have the wealth disparity of a bananna republic, working class wages are ...
dffykvn 1 year ago
@dffykvn Just had to answer this BS of yours. High taxes in the US just make corporations seek greener pastures. Higher personal rates just make individuals make changes, adjusting behavior. Legally, and illegally. This is why the percent of tax revenue collected by the govt in the 1950`s at 91% was no more than collected under Bush, at 35%.
luvcheney1 1 year ago
@luvcheney1 How do you justify not wanting to close tax loopholes and offshore tax havens?
I'd like to know, I personally think refusing to close it is supporting crime, I'd like to hear your view...
It might be a refreshing breath of sanity in our conversation...
Or another sermon from the church of the rich.
dffykvn 1 year ago
@dffykvn You said, "How do you justify not wanting to close tax loopholes and offshore tax havens?" What legal right does the US Govt have to go tax money earned outside the US, if it is kept outside? China makes products, that are sold here, their factories pay THEIR govt the taxes. Same for an American subsidiary, that leaves the money outside. We cant tax Mercedes in Germany either.
luvcheney1 1 year ago
@luvcheney1 Are you kidding? thousands of corporations share one bahamas po box.
None of the corps that declare that their home have anything there other than a po box that they share with all of the other tax dodgers.
If your selling in the us, making enough to be a fortune 500 in the us but have a single po box in the bahamas....how the fuck can you say that your headquartered in the bahamas in a po box that thousands of others share for the purpose of evading taxes?
dffykvn 1 year ago
@dffykvn If WalMart is selling Chinese made products, the Chinese certainly do NOT pay US Corp taxes, as they made them in China. The Bahamas is not a manufacturing center, it is a location where corporate profits are accumulated, and therefore subject to the laws there. As long as the money was earned outside the US, there isnt a damn thing to be done about it. Libs can tax, regulate, cry, but Corps just leave. Thats what YOU want, by your actions, so why bitch?
luvcheney1 1 year ago
@luvcheney1 Ok let me get this straight.
You support a system where people can have all of their resources and customers in one country then use a stupid loophole to not pay taxes.
You are retarded.
If their customers are american and make record profits off americans they damned well better pay their taxes.
We can either close the bahamas and swiss loopholes and arrest people for tax evasion or let rich creeps rob us.
dffykvn 1 year ago
@dffykvn When cash is earned abroad, taxes are paid THERE. This isnt a damn loophole! Its reality. The US Govt can NOT tax profit earned, and kept OUT. THOSE nations can. IF profits are brought back in, Our govt taxes the difference between tax paid abroad, and the 35% US rate. 20% paid abroad, and brought BACK here, is taxed 15% more. IF US GOVT says, pay the 20% to foreign nation, and another 35% here, what would happen? (thats 55%). Nobody would bring money back. Checkmate IRS, pound sand.
luvcheney1 1 year ago
@dffykvn In simpler terms, taxes and costs are high in the US. So, the companies leave, go out of the jurisdiction of the IRS. Say goodbye! They left the Lib policies.
luvcheney1 1 year ago
@luvcheney1 Here's what's going on,
I live in NY, NY has pretty high taxes....my residency is in NY....
If I was a corporation I could get away with living in NY, claiming I live in some other country where the tax rates low but I only own a po box there....but I get away with paying 0 dollars in NY taxes.
That would get me sent to prison because I am a human american not a corporate american
A corporation could have a home in NY, and a po box in a place he's never been and its cool
dffykvn 1 year ago
@luvcheney1 You're a conservative and willingly ignorant of how destructively stupid your policies are.
Why don't you try living the way a corporation does.
Live in your state but claim residency somewhere else...somewhere where there's no taxes, then when the IRS comes say your residency is in country x even though you've never left america.
Since you're a second class citizen aka a human american and not corporate american they'd throw the book at you.
Shouldn't...be...legal.
dffykvn 1 year ago
@dffykvn High tax States like, New York, New Jersey are losing populations. Texas, with low taxes, had a 21% population gain. highest in the US. Is that hard to understand? Lower unemployment as well. A US corp can have office and Admin here in the US, and manufacture elsewhere. Profit from the manufacturing operation is owed OUTSIDE. You seem to think corps are slaves, must work, profit in the US. They do NOT. They go where they are welcome. Your opinion is irrelevant. They LEFT. Deal with it.
luvcheney1 1 year ago
@luvcheney1 Ugh, are you missing my point on purpose?
If I wanted to pay texas taxes I'd have to move and live in texas.
If a corp wants to operate in america it sends its profits to the carribeans.
Do you see that disconnect? Or are you too fucking dumb to catch on?
dffykvn 1 year ago
@dffykvn If a Corp earns the profit here, it pays here. Sending it away AFTER it is earned does nothing. The corp is set up in a low tax nation, and the profit accumulated there, outside the US. You cant earn, get the cash here. Or are you too fucking dumb to catch on? You PAY where it is MADE. If A Corp makes widgets in Barfistan, and the US parent Corp, or another corp like WalMart buys those products to sell here, the profit is earned in Barfistan, and they get the tax revenue. Cry Pinko!
luvcheney1 1 year ago
@luvcheney1 Overseas....Tax....Shelters.....LOOK IT UP.
dffykvn 1 year ago
@dffykvn You said, "Overseas....Tax....Shelters.....LOOK IT UP." The world is a competitive place, and corporations, individuals are not slaves. More desirable conditions elsewhere attract capital. That is as simple as it can be put.
luvcheney1 1 year ago
@luvcheney1 More desirable conditions?
Thousands of corporations sharing a single po box with the corp that claims residency owning nothing on the island OTHER THAN A FREAKING PO BOX! is a SCAM.
That'd be like me rationalizing paying the tax rate of texas because I left a single pez candy there when I went to the alamo for a class trip.
It shouldn't pass the bullshit detector.
Maybe you should get your bs detector replaced, it's obviously malfunctioning.
dffykvn 1 year ago
@luvcheney1 Oh, I know you are a bit stupid so I need to make this clear: When I call you "mate" it is sarcasm. I can assure you none of my mates are greedy, stupid, uncaring, cowardly (those who attack those weaker are always cowards), liers, fakes, soulless, whores-for-the-rich-and-powerfull, like you are!
Now please call me pinko, socialist, whatever-you-think-is-an-insult because insults comming from the likes of you are cumpliments!
greenday1978 1 year ago
@greenday1978 I really dont see a comment around here from you, but I would automatically hate any piece of shit from Australia, not minding his own business. Now, what was the subject? whores for the rich? See, mate, in the US, the pinkos think screwing the corps is a good thing. Who needs jobs, production, tax revenue anyway? Not any stinking lib, eh mate?
luvcheney1 1 year ago
@luvcheney1 Now I am Australian? Too stupid to find my nationality? What happens in the US, ideologically and politiclly influences what happens in the rest of the world and because of that it becomes our business. What idiots like you think and who you vote for determines the political agenda in my country. When the US stops sponsering coups against democraticly elected governments that go against US ideollogy then it will stop being my business.
Oh, pay attention too I coppied and pasted!
greenday1978 1 year ago
What you idiot do not know is that for everything you need balance. Markets, as my economy professor said in one of the first lessons, are perfect, in theory...but only in theory. Market distortions always happen due to irrational behavior of the agents, assymetry of information and the element of power which varies from agent to agent.
You also think economy´s purpose is the generation of wealth. It isnt! it´s purpose is the generation of economical well being, a wider concept than that.
greenday1978 1 year ago
@greenday1978 The purpose of free markets is to allow free choices between parties. Govt intervention in markets simply ignores the choices the people make. Any Govt intervention results in less freedom.
luvcheney1 1 year ago
Libs, are not the extremists here. They do not hate corporations and they do not want to supress them. You are the only extremist because you foolishly have the market as your God.
Libs want a balance. They want to make sure corporations will not thread on people to make more money. Greed is a capital sin for a reason!
greenday1978 1 year ago
@luvcheney1 @MaudsPas I am 59, no medicare till 65, stupid. I work for myself, pay a high deductible policy for my wife and I. As long as I pay my bills, they cant DUMP me. This has been the Law, for many years. 2 years ago, I began having back trouble, with ever increasing costs. This ended with $140,000 bill to Anthem BC. I just was automatically renewed. You either are uninformed, or lie. They would never sign me up, with all my issues. But, they cant get rid of me.
greenday1978 1 year ago
@dffykvn All investments are bets. Derivatives have existed for 3700 years, since ancient Mesopotamia. Just because you havent a clue, doesnt mean Hammurabi didnt know 3700 years ago..
luvcheney1 1 year ago
@luvcheney1 -_-, the derivatives being traded are formulas being written up by literal rocket scientists, they haven't been doing it since hammurabi, that's bullcrap.
Betting on the price of a commodity has always been around yes...just not this incarnation of it.
dffykvn 1 year ago
@dffykvn This" incarnation" of it, was simply "bags of mortgages", and "insurance" on bags of mortgages. Fannie and Freddie, created by the Federal Govt, supervised by the Federal Govt, created many Mortgage backed securities. In fact, at the time of collapse, they guaranteed 60% of the $12 Trillion mortgage market. Did it ever occur to you, how did this get out of hand, so large? Who exactly created all this mortgage credit, that bid the prices of homes so high, eh slick?
luvcheney1 1 year ago
@luvcheney1 Fannie and Freddie had very little to do with the current financial crisis. The main problem was the revolving door relationship the GOP had with Wall Street. It led to 40 year of a deregulation culture that even infiltrated the democratic party, though to a lesser extent.
These are important times we don't need misinformed people gumming up the works. Please leave the comment section to those who actually understand the issues.
MaudsPas 1 year ago
@MaudsPas you dont understand shit your a political blabbing idiot
tomanyasses 1 year ago
@MaudsPas Fannie and Freddie had 60% of the mortgage market at the time of the collapse. They had "little" to do with it? Do you think having Congress create entities to make loans is a free market principle? As for "wall street", look up the votes for the Tarp Bill ( wall street bailout). Then see which party voted most heavily to bail out the fat cat rich bankers, Wall Street. Dems. Bailouts are not free market ideas either. Screw up, you die. Thats free market.
luvcheney1 1 year ago
@luvcheney1 Actually they had more like 10% maybe less. But that's not the point, F&F where refusing to take the bad mortgages at a time when the private sector banks, aig,lehman,etc had been buying them for years.
The banks getting TOO BIG TO FAIL is why they were able to hold the american people hostage until they got a bail out(bush bailout). If we hadn't deregulated the banks and allowed them to get too big to fail this wouldn't have happened.
Conservatives ruined the entire country.
MaudsPas 1 year ago
@MaudsPas "The fraction of outstanding home mortgage debt that was either held or guaranteed by the GSEs (known as their "total book of business") rose from 6% in 1971 to 51% in 2003." This is to just 2003, showing 51%, I didnt want to spend more time, on a dope like you. Conservatives dont care about loaning to deadbeats, unless Fannie buys the lousy loan!!!! Stupid.
luvcheney1 1 year ago
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MaudsPas 1 year ago
@luvcheney1 Do you actually have a substantive point or just personal attacks? Again you missed the point, the bad mortgages were products of the private wall street bankers gambling habits. 40 years of GOP deregulation culture destroyed all safety nets in place after the last Great Depression.
You got the Glenn Beck talking points nailed, but reality repudiates the big government myth. Its gov regulation or corporate control. Try not being such a corporate shill, turn off fox and read a book.
MaudsPas 1 year ago
@MaudsPas My substantive point was the fact Fannie and Freddie had 60% of the mortgage market at the time of collapse. Wall St may be stupid, but the govt created F&F, and THEY lowered standards, THEY bought mortgages from the banks.
luvcheney1 1 year ago
@luvcheney1 "As long as I pay my bills they cant dump me." OK, you get sick, your business fails and you can not pay your bills. What then?
"this has been the law for many years" yes indeed. The sign that you need regulations or else they would dump you even if you payed bills but showed signs of becoming too expensive.
greenday1978 1 year ago
@greenday1978 "I began having back trouble, with ever increasing costs....I just was automaticly renewed....They would never sign me up, with all my issues. But they cant get rid of me" indeed...you have regulations and laws preventing them from dumping you. The thing is they will, as soon as you are too week to pay your bills...after a lifetime paying.
greenday1978 1 year ago
@luvcheney1 In Europe, when someone gets sick our first thought is not "can I afford to get treatment?" You know fully well that in America it is.
Mate!
greenday1978 1 year ago
@greenday1978 I also know full well, Mate, that the suicide rate for severe spine injuries in the UK is more than DOUBLE the rate in the US, Mate. When my Doctor recommended surgery, it was completed 3 weeks later. Mate. I RV camp in the SW US in winter, meet fucking Canadians who get operated on in So Cal, because they PAY so they can get a knee, or hip NOW, as opposed to suffering for years, MATE. US invents 55% of worlds branded drugs, while EU has 60% more population, MATE.
luvcheney1 1 year ago
@greenday1978 The grocery store will also "dump" me, the gas station, the Ford dealer, when I have no money. The State will throw me out of my home I paid cash for, if I cant pay the taxes on it. We have CONTRACT LAW, and I have a CONTRACT. When I signed up, they wanted my health history. They offered me a policy, at 150% standard rate, because I had issues. Now, I am older, have more issues. I pay them. There is NOTHING they can do. Policy is 8 years old, Obama had nothing to do with it.
luvcheney1 1 year ago
@luvcheney1 Contract law is formated by laws that insure that the contract can not be unbalanced or prejudiced towards one of the parts. As you should know! And that is well before Obama, but it is legislation from the government.
The grocery and the rest will dump you if you have no money, that is why you need a welfare system as a safety net to make sure when that dark day arrives at least you have food.
greenday1978 1 year ago
The Canadians you met had the option of paying for faster treatment. They were not faced with the option of no treatment at all, like it happens to you in the US. The US invents 55% of the drugs with a considerable amount of scientists and lab technicians educated in non US universities. the EU has 60% more population but it also has a more varied backround of cultures and historical experiences: In some countries in Europe, conservative right wing dictatorships actively discouraged education.
greenday1978 1 year ago
@greenday1978 Right wing dictatorships sponserd by your lot! To look at the EU, with all its languages and different types of educational systems as a monolith is another sign of stupidity.
Glad to know you have at least learnt from me what sarcasm is...by your now recurrent use of the word mate! LOOOL
greenday1978 1 year ago
@dffykvn When a farmer puts corn in the ground, HE is betting on its future value. It takes time to grow and harvest. Mesopotamia had derivatives on agricultural commodities, because THAT was their economy. We have mortgage based derivatives. So what??? You too, have derivatives, I bet. Nearly everyone does. Pretty crazy, perverted bets too, I must say. Betting with a 3rd party that will pay you off if you run your car into a tree, or that will pay you if your house burns to the ground. Wierdo
luvcheney1 1 year ago
@luvcheney1 haha you're an idiot. turn off faux business channel , learn about the real world.
MaudsPas 1 year ago
@luvcheney1 stagnant while the rich have seen their income skyrocket.
When the american worker started producing more and more they didn't see the benefit of the increase in supply. Their bosses just took the profits out and either waged it on wall st or bought a golden toilet.
The workers produce more and work longer for less benefits, the owner makes a hell of a lot more but thanks to low tax rates, he gets to gamble with it instead of raising wages.
dffykvn 1 year ago
@luvcheney1 Speculation games in the market don't create anything of value or even put money in a worthy company, hell some use these bets to tank companies and making money off them failing.
Nothing material is constructed, it benefits only 1 person and there's collateral damage.
If those games were shut down, businesses were forced to invest in their plants and workers instead of extracting it then they'd find that they have more customers that can afford to spend more.
dffykvn 1 year ago
@dffykvn US has corp tax rate of 39% (fed& state), OECD avg is 24%. THIS means going OUT od US gets 15% more profit. Why stay? Altruism? Please! Speculation MOVES CAPITAL. Speculators, investors direct Capital to more profitable areas. Right now, oil is climbing in price. THIS makes exploration, production more profitable, and CAPITAL will be more eager to produce more oil. Higher supplies will help moderate the increase. Except Obama, & stupid Libs, stop production as much as possible.
luvcheney1 1 year ago
@luvcheney1 In the US, more exploration and production can increase supply, a good thing. Libs WANT to stop production! Exxon- Mobil, the US largest oil producer, pays 40% taxes, to OTHER NATIONS! Thats because it EARNS its money OUTSIDE the US! Ask yourself how smart it is to have a $300 bill corp, pay $120 bill in tax OUTSIDE the US! WHY? Because it is too hard to produce here. It is near illegal. As Obama stops production in the Gulf, Speculation is just the stupid word for investing. Risk.
luvcheney1 1 year ago
@luvcheney1 Actually they pay taxes in other countries becuase of loop holes put in place by the party of big oil, yup the GOP.
Turn off Hannity and open a book.
MaudsPas 1 year ago
@MaudsPas Money earned in another country, and not brought back to the US, is untaxable by the US. Libs put high taxes, regulations, environmental costs, because you HATE corporations. You have it your way, they leave the country, take jobs out, tax revenue out, leaving you gasping about loopholes!! Loopholes?? There isnt any stupid loophole, idiot, they LEFT! Dumb ass Libs say, they pay no taxes! Loopholes! Sure, they left the country because of trash like YOU!
luvcheney1 1 year ago
@luvcheney1 So they make money hand over fist in america but don't have to pay american taxes?
That's an awesome loophole!
IT'S STILL PAYING NO TAXES TO A COUNTRY THEY'RE OPERATING IN YA DENSE BASTARD!
dffykvn 1 year ago
@dffykvn That is the way it is all over the world. If low tax nation has a plant here in the US, do you think they can make a pile of money, and the US govt wont tax it? Except that ANY CORP, US or FOREIGN, transfers PROFIT out of the US, doesnt pay any taxes here. Its easy.
luvcheney1 1 year ago
@dffykvn Suppose I make widgets in the US, so I sell a few widget parts made in low tax nation by Widget INC, to US widget subsidiary, at high price. US subsidiary paying the high price for parts makes no profit. Widget INc, in low tax nation makes most all profit, pays at low rate. That transfers all profit OUT of US, and is legal. If you tried to stop it, US corp would just reorganize abroad for good, management, corp jobs would go away too. OR, you could make our taxes lower. Thats it.
luvcheney1 1 year ago
@luvcheney1 The panic in your posts is so visible that it explains how you act and think. I bet you are stockpilling guns and tinned food. Pathetic redneck!
Social democracy not only saved Europe from communism at the end of WWII it also gave western Europe and North America the best decades of its history in terms of growth and well being, if you cant see that you are basicly too dumb to talk to rationally and I better just start insulting you as a stress relief method.
greenday1978 1 year ago
@greenday1978 He believes in minority rights...the smallest group should have the most rights....
That's why he believes rich people should be venerated as gods and have the right to prima nocti.
Your wifes virginity is on the free market!
dffykvn 1 year ago
@greenday1978 Gold is the barometer of what the free market thinks about your social democracies. Official price was $35 back in 1970, closed over $1400 today. US official price is still $42.22. Thats the price they wont sell you Gold. I am pathetic. Pathetically happy, quadrupled my savings in last 10 yrs, doubled over last 31/2. INCLUDING a disaster. I do have a small, speculative gold, and silver mining portfolio that was up 75% in 2009. Damn, only 30% this year. I love the depression!
luvcheney1 1 year ago
@luvcheney1 If you do business in the US you should pay taxes based on the income from US operations.
You're an idiot if you think otherwise....because those idiots tend to make laws making the income made off of us customers untaxable.
But you are fighting for that poor poor underrepresented minority....the multinational corporation billionaires. They're a proud, noble and downtrodden people having to take shelter in tax havens in tropical hells like the carribeans...poor them.
dffykvn 1 year ago
@dffykvn I am only explaining the facts, the situation. Multinational corporations do not MAKE significant profits off US customers. They arrange business so profits accrue outside. Conservatives want the profits made inside. They ask for it through policy. Lower our corp rates to match avg of 31 OECD nations. This will INCREASE tax revenue to our govt, which is good, and remove a reason corps leave. IF they pay 24% abroad, and 35% plus 9% Ca state too, thats 43%! They will lose 19%! They go...
luvcheney1 1 year ago
@dffykvn How can you expect them to stay here, losing 19% of the profit? BUT, Obama is the Pres, people are stupid, so nothing will change, I know it. But, CEO`s are not stupid, they will just send the jobs out. Obama wants to tax them, on profit made outside, but that is silly. They will just move headquarters out of the US as well, and be 100% done with us. Its just business............. not personal
luvcheney1 1 year ago
@luvcheney1 I don't give a fuck where they're BASED.
They do business in america and should pay taxes on the money earned off of AMERICANS.
And yes it is personal, they extract the wealth and accept the subsidies but won't pay taxes on it...but still bitch about the tax rate when they can just hide it in another country and get off scott free.
dffykvn 1 year ago
@dffykvn What you THINK, what you FEEL is totally irrelevant. Taxes are too high here, corps take profit OUT, beyond the reach of greedy looters like you, and the US Govt. They cant be touched, any more than you can tax the German public, or the French. They are GONE. Say bye! Opinions just like yours ran them off. You hate production, profit, innovation, genius, supplying markets. Now, get over it. See how those with no skills get by. Obama, Biden, THEY can create corporations??? ha, ha.
luvcheney1 1 year ago
@luvcheney1 Innovation and genius my ass.
The oil cos spend money KILLING innovation by lobbying against alternative energy research to keep us dependant on them.
It should be rewritten to force corporations that do business in the US to pay taxes on the profits earned in the US.
They make x dollars we get the full %, not 0$ from this stuffing thousands of corporations into a single address in the bahamas.
And what the hell is your definition of doing business in the US.
dffykvn 1 year ago
@dffykvn Are you aware that the subsidy rate for oil, natural gas is about 24 cents per GigaWatt hr, and for solar and wind about $24? In a free market, would you pay $24 for something when you get it for 24 cents? Only a Lib thinks that is a good idea.
luvcheney1 1 year ago
@luvcheney1 They sell in the US and make a profit off of US citizens, so that's BUSINESS IN THE US!
dffykvn 1 year ago
@dffykvn WalMart sells in the US, pays taxes in the US. The Chinese corps get paid in China, stupid, pay 20% taxes in China, not 35% here, plus state on top.
luvcheney1 1 year ago
@luvcheney1 No business in the US is making 0 dollars from americans..did they make more than 0 dollars? YES, they made billions of dollars OFF OF BUSINESS IN THE US!
dffykvn 1 year ago
@luvcheney1 of course you love the depression that is why neo cons like you created it...to make money out of ordinary people.
When you lot rule the US will become like Colombia, Brazil or South Africa in the 90s...the criminality will be so high you will have to hire body guards to take your kids to school.
Inequality and inequity in treatment generate violence.
greenday1978 1 year ago
@greenday1978 Protecting myself and my family, by using my brain, doesnt make money at your expense. In fact, I have shared the means by which you can protect your own family, if you read my previous posts. I also am sharing with a big reason jobs are going out of the US. You burn with hate, but corporations have a duty to the owners, not the US govt, or YOU. You hate them, why the anger when they take their factories away?? Do you stay, where you are hated? Canada is 16% corp tax, we are 35%.
luvcheney1 1 year ago
@luvcheney1 You are the one who hates...your fellow man. Corporations are moved by profit...I have no problem with that, I expect that and even believe that to be good...but only if the secondary effects of greed are contained and the weaker protected. with no regulations (which were too laxed but now can still be used to proove that bp was negligent) and no taxation to start a clean up job where would the gulf of texas fishermen be?
greenday1978 1 year ago
@greenday1978 We have a justice system, civil courts, where issues like BP`s spill are taken care of. Now the Obama Admin has BP putting $20 bill in a fund, but it is only putting $5 bill in a year. Perhaps you didnt know, but during the spill, the free market drove BP share prices down by an amount of about $100 bill. Since the spill is over, the oil gone, the market allowed shares to rise, but still are way down, far more damage done by FREE MARKETS to BP than Obama did. Regulations dont work.
luvcheney1 1 year ago
@luvcheney1 Yes, companies move for profit. Restore the US as the leading place to make profit, and the problem is over. Just today, Canada announced lowering its corp tax rate from 18% to 16.5%! US corp rate is 35%, and in CA, another 9% is added, making it 43%. Thats 26.5% less taxes! Canada is not 3rd world, and the OECD nations are not, with an avg of 24%. Lawsuits in US are double to quadruple what they are abroad. Regulatory costs, environmental, permitting, all add up.
luvcheney1 1 year ago
@luvcheney1 You seem like you want tariffs, and less trade. The biggest advance for civilization in ancient history was when cities in Mesopotamia were born. From shepherders, farmers all living apart, without much trade, to a city, with specialization of labor. Specific trades. World trade is the same, but a different scale. Rome was free trading, many roads, wealthy, until catastrophic currency collapse, big army/ govt. After Rome, Feudalism, market by tiny kingdoms, little Trade, DARK AGES.
luvcheney1 1 year ago
@luvcheney1 The Dark Ages were market by grinding poverty. The revival?? The Rennasaince was Trade, Venice, a deep water port. Trade was restricted during the Great Depression, prolonging it. Your Lib hero, Clinton sees free trade. If I make $20/hr, it would be silly for me to take time off work for days to paint my home, if I can hire someone to complete the job at half the price. Your trade position means you would lose $800 pay, rather than pay $400 for the job. THAT makes financial sense??
luvcheney1 1 year ago
@luvcheney1 BP shares fell because the market was 1 affraid of what the US government would do to BP 2 the cost of the clean up operation, which BP felt obliged to do precisely because they were affraid of what the US government would do.
greenday1978 1 year ago
@greenday1978 The US Govt can NOT do anything legally to BP stupid. The $20 bill was "voluntary" according to the Admin. You do REALIZE there is a civil justice system, courts, to deal with this? That the govt has no legal authority to just DEMAND cash, without BP in court? Even so, BP pledged 20 bill, at 5 bill a year. Value of corp fell over $100, was still down $70 bill last time I looked a couple months ago.
luvcheney1 1 year ago
@luvcheney1 Of course it can not...you have already over de-regulated. It can still deny contract, oil exploration concessions, it can come up with a bill to force them to pay for the clean up.
Oh by the way loved your comment about how the insurance companies can not get rid of you and your admitance that they tryed after your back problem. Guess what: that happened because there are REGULATIONS that prevent them from dumping customers not out of the kindness of their heart.
greenday1978 1 year ago
@greenday1978 My back operation was before ObamaCare, and my Insurance corp did NOT try to get rid of me. I have a CONTRACT, stupid. I am 59, and have more, and increasingly complex, expensive problems. They would WANT to be rid of me, but my CONTACT has always protected me. Sure, Obama is denying oil exploration. We all enjoy lower supply, higher prices, eh dummy?
luvcheney1 1 year ago
Comment removed
MaudsPas 1 year ago
@luvcheney1 If conservatives hadn't sat down with big oil to write sloppy "regulation" for oil exploration we wouldn't have lost millions of jobs in the gulf of mexico, causing billions of dollar in long term economic damage.
You needs to think about thinks on a larger scale. Turn off Fox news it not real news. Its far right disinformation propaganda.
MaudsPas 1 year ago
@MaudsPas The oil spill s finished. BP will need to pay, and will. Its over. Obama is the one who is shutting down the gulf, and China, will be drill in the gulf, with Cuba.
luvcheney1 1 year ago
@luvcheney1 you said yourself they tried toi get rid of you. If they havent it is because there are laws (even before Obama) that tryed to prevent it. And you know it. For someone so suspicious of the State you have a strange faith in justice (which is a function of the State in case you havent noticed).
Your oil is too cheap! Considering it is a scarce resource and your dependence on foreign supply it should be rationed.
greenday1978 1 year ago
@greenday1978 Go copy, and paste where I said they tried to get rid of me. Lying piece of shit. Reality is that you buy insurance BEFORE you get sick. If they can just terminate you next year, insurance has no value. This has been written in contracts for years, because the ins co`s find it necessary, to do business. I have had issues for years, I keep paying, they renew. Simple. Stories of people being dropped are all the same, liars who hid problems, Committed FRAUD on apps.
luvcheney1 1 year ago
@luvcheney1 Mate you said it. They tried to get rid of you as soon as you got sick...that is what they do. Dont say I am lieing because you showed yourself up. If the US has that much oil what are you doing sacrifising your own teenagers lives in the middle east? Poor people´s lives in america are cheap right? In Europe we know with our long history that we "we create a State not to have to bend down for tyrants". Your utopia would be a tyrany even for you small fry.
greenday1978 1 year ago
@greenday1978 I sense you havent had a very good Christmas as you are insulting everybody. Did father christmas just put a lump of coal in your stocking because you are a wanker?
greenday1978 1 year ago
@greenday1978 Paste and copy, you lying coward. Dont fucking Mate me.
luvcheney1 1 year ago
@greenday1978 As for oil being scarce, the "Green River Formation" of oil shale in Wyoming, Utah, Colorado has three times as much recoverable oil than Saudi Arabia, and enough to be the ONLY source of the US, at 20 million barrels ( current consumption) a day for 105 years. Oil in the US is priced at the market, with some taxes. Oil in Europe has far more taxes, is much more expensive than "FREE" market. But then, Europeans have little taste for Liberty, eh?
luvcheney1 1 year ago
@luvcheney1 Unfortunately not everyone in the world is as lucky as you.
Other people get shafted, but you belong to the religion of "I've got mine, fuck all of you!" so it's fine.
dffykvn 1 year ago
@luvcheney1 Idiot...it is easier to prevent serious damage thru legislation than to repair it in the courts. If you let companies do what they feel they need to do you will end up with people dead. In India you have people dying when they are 20 or 30 yo because they work in the recycling business since children working with battery acid and chemicals of all sorts...but you, who likes calling other thieves, have no problem when your sick system kills people. Murderer!
greenday1978 1 year ago
@luvcheney1 Drilling regulations are PREVENTATIVE.
Lax and unenforced regulations allowed the spill to happen.
The regulator was in bed with the corporation because of your bullshit deregulation mantra.
Thanks to idiots like you who believe no regulation is the best regulation, the drilling facility was allowed to use substandard safety precautions and weren't even using a ****ing charged battery.
If regs were SERIOUSLY enforced the spill WOULDN'T HAVE HAPPENED!
dffykvn 1 year ago
@greenday1978 What "moral code" do you feel the RIGHT to loot the work, production, of another? We dont want to take the work, labor, assets, of others by force. Taxes are just that, force. Pay, or be jailed by men with guns. We desire only free, voluntary transactions, that both parties feel are in their best interests. If not, decline the trade. YOU do NOT extend freedom to others. You are a common looter, a thief, wanting govt to steal for you. Great. The productive LEAVE, hide assets.
luvcheney1 1 year ago
@luvcheney1 Free trade makes sense when the playing field is even. I have no problem competing with a country that allows free unions as they will fight to get the living standards of people closer to ours. What you can not do is compete with dictatorships runned on forced labour.
When marxists spoke about capitalism selling the rope that would hang it...well it is happening now.
greenday1978 1 year ago
@greenday1978 You do not refer to specifics. China, reformed in 1977, has liberated a portion of their economy. This is lifting the standard of living, as impoverished agricultural workers migrate to the free enterprise zones, working in factories. Pay, benefits bad, but they are improving, there were strikes in Honda factory last year, unions were non- existant under Mao. This is typical, as factories spread, excess labor is drying up. Less labor supply boosts pay, benefits. Freedom.
luvcheney1 1 year ago
@luvcheney1 As for India killing workers, this is caused by living under an unproductive economic system. Wealth creation is the only way industry can extend higher pay, better conditions, benefits. Money. Proft will finance more factories and dry up the oversupply of labor, and that raises wages, allows leverage by workers to make more demands. Workers earn more because when their market value changes, with increase demand. ( lower supply). Business, corporations supply this.
luvcheney1 1 year ago
@greenday1978 As for India killing workers, this is caused by living under an unproductive economic system. Wealth creation is the only way industry can extend higher pay, better conditions, benefits. Money. Proft will finance more factories and dry up the oversupply of labor, and that raises wages, allows leverage by workers to make more demands. Workers earn more because when their market value changes, with increase demand. ( lower supply). Business, corporations supply this.
luvcheney1 1 year ago
@luvcheney1 Listen there are two sides to the equation. Supply and Demand.
You far right wacko supply side economics is what leads to despotism and fascism all over the world. We need to return to historical tax rates on the rich. That is how we created the great American Middle Class and that is what The American people want back.
In 1976 99% of us had 80% of the wealth, today the bottom 99% of have 53% of wealth. At the same time the tax rates on the rich have gone down...
MaudsPas 1 year ago
@MaudsPas Total tax revenue received by govt in 1950`s was 17.3% of GDP. During Bush Admin 2001- 2008, avg was 17.4%. Top tax personal tax rate was 91% in 1950`s, 35% Bush term. Corp tax rate was 51% 1950`s, 35% Bush term. It must be obvious, that much more income, both corp and personal, must be being offered up to be taxed for this to occur. You may not like the fact it did, but that is irrelevant. You could raise tax rates, but I assure you, less income will be offered up to BE TAXED
luvcheney1 1 year ago
@luvcheney1 Raising taxes increases tax revenues, and if there is no additional spending the debt decreases.. It's called accounting 101.
Increasing tax rates on the rich instead of the middle class also has the added benefit of increasing middle class wealth and reducing income inequality. We don't need to give any more breaks to wall street bankers and billionaires. Its the middle class that was strong in the 60-70's because of progressive policies in place not conservative voodoo economics.
MaudsPas 1 year ago
Respond to this video... And companies do not move because they are hated...they move looking for profit. Tax, wagers absence of barriers. If the USA and Europe, instead of bending down to china insited on compensatory customs taxation according to the existence of the freedoms and systems that allow workers in 3rd world countries to improve their life standards the corporations would soon come back to have access to the US markets.
greenday1978 1 year ago
Respond to this video...
The means to protect myself are to co operate with the society where I live, making sure there is social justice and the weak are not left behind, because that is the thing that generates violence. Look at Europe after the war. What stabilized it was a welfare system that alienated the poor from violent forms of governance.
greenday1978 1 year ago
@dffykvn "I don't give a fuck where they're BASED. They do business in america and should pay taxes on the money earned off of AMERICANS." Your words. If an American manufacturing corp is overseas, and WalMart buys those products to resell in the US, or from a distributor, that overseas corp gets paid overseas, and WalMart sells the product. Overseas profit is not taxable. I know you do not like that. What you like doesnt matter, the corp is gone.
luvcheney1 1 year ago
@dffykvn You see, Liberals, pinkos, socialists, Progressives all think corporations are evil, and want high taxes, regulations, environmental costs, give unions power, trial lawyers lawsuits, etc, etc. Fine. The corps dont make a big fuss, they just LEAVE. You can hate, get mad, pass rules, and they take your jobs, tax revenues away, to a place where they feel WELCOME. No problem! Thats OUTSOURCING! Lib policies.
luvcheney1 1 year ago
@luvcheney1 In the world you want to live in, if tomorrow you find a lump where it shouldnt be, you will loose your company, the health insurance companies will desert you as soon as they find you weak and if you pass away ruined your daughter will be left to beg or walk the streets. In the world I want, if that happens, you get treatement and do not have to worry if it will be too expensive. Even if the worst happens your daughter will be provided for.
Greed is a sin for a reason!
greenday1978 1 year ago
@greenday1978 His utopia is a dystopian hellhole.
dffykvn 1 year ago
@dffykvn He is a good exemple why this world is as bad as it is.
greenday1978 1 year ago
@greenday1978 Billionaires are the only minority republicans give two shits about protecting.
Billionaires still suffer segregation, being forced to live in gated communities of hundreds of acres locked in multi story palaces with few neighbors, have more pools and bedrooms than they know what to do with.....oh how they suffer.
dffykvn 1 year ago
@dffykvn Is outsourcing real? If its not , dont worry about my view. If it IS true, WHY do they leave, take taxes, jobs abroad? If you feel, as I do, that outsourcing is bad for US, the solution is quite simple. Make the US more attractive in comparison to foreign nations, as a place to do business. You are just lamenting the outsourcing. Corps wont stay here like slaves, serving politicians who produce nothing, voters who dont respect those who produce their products, give them jobs.
luvcheney1 1 year ago
@greenday1978 Insurance companies cant DUMP you when you get sick! People lie on their apps, committing fraud, if they get sick, and corp finds they fraudulently applied, they are dumped. I have a personal policy, had $140,000 back surgery. I never lied when I applied, 7 years ago. They are STUCK with me. Of course, I needed to be responsible, apply before I was ruined, pay my bills in CASE something happened. Medical has costs, your vision doesnt change that. You want others to pay YOUR bills.
luvcheney1 1 year ago
@luvcheney1 Nope...I put in more money in the system than what I take out...being young and healthy...but I do not want people to do without when all can pay to have an universal system that they can use when they are at their weakest. Its called being a decent human being.
Your trust in insurance companies is stupidity. I know, I worked for one briefly.
greenday1978 1 year ago
@luvcheney1 Insurance companies can dump you any time they want. You have no clue what you are talking about.
You have never had a job or health insurance other then the medicare you get from the US government. Why do you blame everyone else for your failures?
MaudsPas 1 year ago
@MaudsPas I am 59, no medicare till 65, stupid. I work for myself, pay a high deductible policy for my wife and I. As long as I pay my bills, they cant DUMP me. This has been the Law, for many years. 2 years ago, I began having back trouble, with ever increasing costs. This ended with $140,000 bill to Anthem BC. I just was automatically renewed. You either are uninformed, or lie. They would never sign me up, with all my issues. But, they cant get rid of me.
luvcheney1 1 year ago
@luvcheney1 Listen you disabled fuck. Stop using medicare and lying about not being able to get government assistance before you are 65.
I have no problem with medicare or you getting it but to turn around and vote for Republicans is being hypocritical. Most people who get medicare are actually in the red states that's the ironic part.
MaudsPas 1 year ago