@MyTemporaryAccount88 Cenk claims it will "cost" us $78 billion to do this. Thats silly! The money is already gone. The money isnt coming back, if it is taxed. If it DOES come back, at 8.75%, thats better than the present, which is ZERO. Suppose each Corp taking advantage of this just passes the money onto shareholders. Try making a case that more money to US shareholders will NOT create any economic activity.
I don't you give if to Americans struggling to put food on the table and keep up with their bills. If giving the rich money to spend i bound to have some effect, why wouldn't the same be true for the middle and working class
being an intellectual and making reasoned decisions is no longer ok in the republican party. Nowadays, you cant listen to books and facts... you gotta trust in your gut feelings. So guys like Stephen Hawking and his lifetime devotion to astro physics are wrong, because the gut feeling is god did it.
How about instead of 35% they pay something like 25%? Why do we have to cut it all the way down to 5-8% for a tax holiday? In a bad economy, you can't go to Australia on holiday - you settle for Florida. I bet if we offered corporations 25% tax to repatriate offshore money, quite a few would go for it.
@mikebee02 Cenk claims it will "cost" us $78 billion to do this. Thats silly! The money is already gone. The money isnt coming back, if it is taxed. If it DOES come back, at 8.75%, thats better than the present, which is ZERO. Suppose each Corp taking advantage of this just passes the money onto shareholders. Try making a case that more money to US shareholders will NOT create any economic activity.
The big banks and the current American government is committing the EXACT SAME TRANSGRESSIONS towards the American people that solicited the American Revolution caused by the King of England's tyranny. Your Declaration of Independence states that you have the right to overthrow your government if it's harming you. REVOLT!
in 2004 when they did something similar it caused a burst of corporate profits to come back into the united states. The thing about it it that the rate of tax is lower but the amount of money there is to tax is more.
@fingrid Cenk claims it will "cost" us $78 billion to do this. Thats silly! The money is already gone. The money isnt coming back, if it is taxed. If it DOES come back, at 8.75%, thats better than the present, which is ZERO. Suppose each Corp taking advantage of this just passes the money onto shareholders. Try making a case that more money to US shareholders will NOT create any economic activity.
I disagree with one thing Cenk said here. Each corporation will create a single job. One job. Then that job will be included in the next round of layoffs.
@ShogaNinja AVOIDING is legal. EVADING illegal. Money that is earned outside the US, and not brought back in is untaxable. The tax is owed to the govt where it was earned.
sure but they ship everything overseas for the express purpose of avoiding taxes, and THEN they get credit for being in the USA. How many huge companies MADE more money after taxes than before in the last year? G.E. and Verizon come to mind. What happened to taking pride in the country that made you rich and giving back your fair share? GOP says tighten your belt and we have to share the pain, but then u got corps hostaging the money until they get a tax holiday.SHAME!.
@ShogaNinja Among many factors a corp might find it more profitable to work outside the US, one is the rate of taxes abroad, compared to here. Avg of 34 OECD nations is 24%, while in the US (including state) the rate is 39%. Income earned abroad has its taxes paid abroad. If they pay 24% Out of US, they would pay 15% more coming back. It is easy to see why it doesnt come back! GE paid none 1) $9B of $14B earned OUT 2) GE Cap is bank, writing past losses off 3) Green energy credits.
That's starting to sound like deregulation talk popular with the GOP. The fact is that they use a tax loophole thru the cayman islands to get their income, tax free. In the past (pre-reagan) the income tax was much higher than it is now and that resulted in the companies investing in their business instead of taking the money out which is what they do now.That tax policy resulted in higher wages.Wages have stagnated while inflation has risen nearly 3x. We make FAR less now.
@ShogaNinja Note you first intend to discredit, by linking me to GOP. The you use a very UNSPECIFIC "tax loophole" to make income tax free. WHICH loophole? I will debate any, but I cant debate the entire 47,000 page tax code. Suggesting high taxes making corps stay HERE, instead of leaving is silly. Wages being stagnant is not true. Even the Lib , Krugman construct of "inequality" is severely flawed. You really have NO idea how the tax code change affected statistics?
2: /watch?v=qF0lM96jmDU&feature=plcp&context=C3494ecfUDOEgsToPDskKea1FhDw80UBsDRPMM60rS Proof, mofo. When you compare the wages vs the inflation rate, you get startlingly different numbers. We make close to 3x less than people did in the 70's while CEOs make more than they did back then.
3: the US corp tax rate is lower than it has ever been
4: China has more corp regulations than us and they are doing quite fine.
when the video started i actually though this was a good thing and i was surprised,then i paused the video cuz i knew it was too good to be true,the government promoting job growth?no obviously not they are doing what the obviously do give corportions more gifts.elitist bastards
When home mortgage deductions were introduced, what is the chance that the market factored that into the price of a house and presented the buyer's "entitlement" to close the sale?
Removing that deduction will push some more home owners over the line, and foreclosures and abandoned houses will result. That's some effect.
They are tearing down houses in Cleveland to prop up the value of those remaining, reminiscent of burying food with lime during the Great Depression to increase food prices
Well if you are for jobs, and for patriotism, how about corporations hiring one person or more each on a National Hiring Day to support their country. Both parties say they believe in patriotism and want jobs - now it's time to really prove you mean it by supporting a National Hiring Day.
America is such a god damn joke of a country. . . Aleast Nero let Greece burn with a little respect. . . Leaders in America are just shitting all over the nation. . but instead of a quick fast death. . they give you a slow " drawn " out death that last for years and years. . . . . sick fucks
Isn't it about time someone started tearing shit up literally? We all know that nothing will change without drastic action. I think protests are not going to do anything. Wolf Pac, though I love and support it, is not going to make a difference. Desperate times call for desperate measures. Since the rich want to rob us, it's time for us to rob them.
I have a plan for a "Tax Holiday" for corporations. From now until Dec 31, you can repatriate your profits at the CURRENT RATE. After Dec 31, the current rate DOUBLES. Then, if you don't repatriate your profits by Dec 31 of the following year, you start paying PENALTIES.
The IRS doesn't let the rest of us get away with dodging taxes, WHY should corporations get away with it? Yeah, "the law sez"; I'm proposing to change the law.
Corporations: I dont understand what the big deal is. If we get our tax holiday--we can pass the savings on to you--The Customer.
If we give exorbitant amounts of compensation to our executives--this is also a good thing. A super rich executive, is a super happy executive. A super happy executive will only work harder for you--The Customer.
If you have a problem with this--#$% you! Whadda you gonna do about it?! hehehhehehhehehhe
So reich wingers, how does your fascist plan suit the be interest of America, oh it doesn't. it suits the rich,
FYI the reich hates vets too, for all you VFW suckers who still think the reich wing is pro military and vets, know that it was the reich wing that called the pay freeze, the GI ben. cuts, and TA/tricare cuts. Not osama bomma, it was boner, mcvain, mconn
The rich and corporations serve no useful purpose, other than as an accompaniment to fava beans and a fine chianti - eat them!
I hope this corporate tax holiday doesn't happen - let the multinational corporations invest their money in the developing world that needs it more than you rich fat Americans. Let the Americans eat other Americans.
In most corrupt third world banana republics, politicians' memories stretch a couple of years back, and the U.S is no exception.
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Not only are there millions and millions of brainwashed, zero-education, Christian fundamentalist cases of social retardation voting like drones on the Republican clowns based on namedropping Jesus and socialism most times.
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Have you any memory of what happened after Bush's NUMEROUS tax "holidays"?
All the cash went to executives bonuses. What a NON-SURPRISE!
@underbjorn Corporations have owners, the stockholders. Kindergarten teachers have pension funds, invested in corporations.Cops, firefighters, municipal janitors and gardeners, union retirees in public sector, private sector middle class workers with IRA`s, 401K`s too, own the corps. To portray corporate interests as different from the people`s interests is silly. People are customers, using the needed products, services, as well. Corps and people depend on each other.
If you thought I depend on Coca-Cola Company more than my own government, you are just another stupid, uneducated far-right American to the count.
If you thought the interests of the citizens of the Bengal were the same as the British East India Company, again the same hting; dumb uneducated clown.
If you think the interests of the impoverished inhabitants of the Niger Delta conincides with Shell, again same thing.
@underbjorn Plenty of direct employees of coke, all over the world, earn livings from it. Stockholders do too. Restaurants, bars, etc also use it for earning money. And, people LIKE IT. You can drink moose piss, if you prefer, your choice. British East India was a Govt created monopoly, right wing wackos do NOT approve. Shell is majority owned by corrupt Nigerian govt. Fuck you, bjorn.
Hah, as predicted. Right-wing wackos did approve, since the British East Indian trading company was owned by upper-class stockholders sponsored by the backwards rulers of an undemocratic society. You probably think "conservative" means free market, like all uneducated U.S far-right pundits.
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So you think just because some people earn money from business x, it is in my interest? How the fuck did you come to such a farfetched, ridiculous conclusion?
@underbjorn Sven, in US, conservative & liberal have different meanings than the classical ones. Unless you are an idiot, which still is possible, you know that already. But yes, when I say conservative, or right wing wacko, I mean supporter of Free Markets (Not "chrony capitalism" Need definition Sven?). Here in the US, it isnt just "some" people who own corporations, its almost 50%, taking into account govt & private pensions, personal retirement accounts, which are invested.
Wrong it's way less than 10% that have influence over major corporations in the U.S. That you think major corporations are owned like collectives, by the employees, show how distanced from reality you are.
There is no such thing as crony capitalism since the completely disembedded market is an unrealistic theoretical model, but you need education to know such basics and you ofc lack this.
Clowns like yourself can only simplify things down to your level.
@underbjorn Read my comments, I never said that the corps were run by the employees. I stated that lots of people work for Coke, making it and transporting it, and others, like restaurants and bars sell it as part of their businesses. Others are stockholders. And, many people enjoy drinking it. That doesnt mean I think employees are running it. Employees are stupid. That is the last fucking thing you want.
No the last thing I want is some uneducated U.S-Republican style clown ever getting influence in my country.
"Employees are stupid". Two things from my previous posts fit as response:
1. "Hah, as predicted."
2. "Clowns like yourself can only simplify things down to your level."
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Alot of people work for Coke. And...? It does not mean Coke is beneficial to me, to society or to themselves. Alot of people work for alot of things, does all that benefit you?
@underbjorn We have left wing, socialist retired union workers, teachers, social workers, who hate corporations just like you. Their pensions and healthcare paid for out of Corp profits, owned by their pension funds. Did you whittle your computer from an old tree stump? With a knife you mined & forged yourself? I said before, if you like Coke, drink it. If not, dont. But tens of millions do enjoy a CocaCola now & then. Nice clear glass, 2/3 full of chipped ice, GodDamn, thats good!
"But tens of millions do enjoy a CocaCola now & then"
Did you really think that's an argument? And no, my comp is payed for with student benefits. You obviously tried to make some parroted nonsense point without thinking, as expected
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Their pensions are also being gambled away by corporations in search of fast maximum profits, traded across the globe in milliseconds, not too seldom wreaking havoc where they push through.
@underbjorn Well gee, I guess you are correct. What millions of people want ought to be decided by you. No profit, no corps. How many corporations does it take, just to make the plastic, on the mouse of that computer? You know, all the corps necessary to get the oil, just to make plastic? Including the mining corps, to get the iron, for the metal in the drill?
Very telling from a simplistic, uneducated robot. How many corporations doesn't it take to produce this computer mouse, how many impoverished third world nations don't they mjine in, operate in and draw cheap labour from without improving their lives the slightest in comparison to the wealth amassed by a clique of individuals, who do absolutely nothing even close to what those paid 0,00000000001% of their daily income have to endure.
@underbjorn Interesting, but silly. It seems to me, that if these poor people were actually being exploited, they would work someplace else. But, since they dont, it proves that these awful jobs, from the evil corporations actually happen to be an improvement over all other options they have. In the long run, the Greedy corps invest until the idle, badly employed labor surplus dries up. When eventually the labor market tightens, wages improve. Exploitation is salvation!
Much can seem silly to you, as a heliocentric world seemed silly to the Inquisition.
What if that company is the only feasible option, controlling an entire region? Maybe they are an improvement, but a miniscule such and they could do much more but out of sheer greed they prefer 300 million pay raise to one guy instead of feeding thousands of individuals. In the long run, corps move the investment due to market paranoia, leaving a wrecked society behind them.
@underbjorn Shell in Nigeria. Mexico`s rich landowners & Big Oil.. Both these cases, reaction of Govt very similar. Nationalization of majority of Shell, & Mexico`s heroes broke up large ranches of the rich, gave to the poor. Pres Cardenas nationalized oil industry. Result? "Greedy" rich capitalists had NO desire to risk their Capital. The "poor" werent "exploited" any longer by NEW Greed! So, in Chiapas, they sit and wait for rain, in abject poverty. Thanks to "heroes"?
Shell is not majority-owned by the Nigerian state, it has operations worldwide. In Mexico, as around Latin America, feudal landowners still is commonplace. Greedy capitalists already had control of the government. You think that government and corporations are clearly separated in all instances, another show of your massive ignorance. The state can control a corp, and vice versa.
Regulations can be effective and sound, or they can be excessive. As can deregulation.
@underbjorn "96% Oil Nigeria produced from corps NNPC (Nigerian National Petroleum Corp) held at least 60% equity. NNPC made 75 % of investment in petroleum." Nigeria nationalized most of Shell subsidiary. Mexico still has over 20% of its peasants still working in agriculture, US 3%, & many work tiny plots, irrigated by rain, poverty, taking from rich, giving little plots to poor. I said before, "Free Markets (Not "chrony capitalism" Need definition Sven?" Want definition of CHRONY?
Shell is a multinational corp and you equal it to their Nigerian industry alone? Dumb become dumber as expected. And Shell still gets a major profit from running offshore rigs and various other shadowy businesses in the Delta.
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Sure give me definition of chrony and then a empirical example of where there has not been chrony capitalism. Since you lackv education you can't give me one single example, since you haven o idea what the theory or academic definitions are.
@underbjorn Shell`s activities in Nigeria were as a subsidiary, which really no longer is an appropriate term, since Govt of Nigeria has the majority stake in the Corp (the subsidiary). Subsidiaries are either totally, or partially owned, but the term is when the Parent corp has a majority share. Shell doesnt have a majority share in Nigeria. Nigeria does. Shell makes its share, but Nigeria has the majority.
And Shell cooperates with a corrupt, totalitarian regime in oppressing, starving and polluting the environment and people.
It's not the Nigerian government that's the issue here, it's the commercial organization who has funded the status quo of the Delta region for the past 50 years.
@underbjorn Shell`s Job is make as much profit as possible, so to maximize shareholder`s interests. Oil is their business. The Nigerian Govt is most certainly the issue. There are many Govts in Africa that are corrupt. Shell`s minority interest in an ex-subsidiary is not in any position of power to change the lives of the people. IF Govt there enabled greedy corps to come and make money, lives would improve. Why invest, to get it taken away, in the end?
Shell's job is to be responsible and not act like a criminal organization, Shell has in numerous occassions been accused for much less than pleasant activities in close cooperation with the Nigerian authorities.
There are many corrupt African govts, and this is highly beneficial to the corps which ofc want to KEEP THEM corrupt, hence securing beneficial positions.
Shell is a major player and in a position to change, and the best thing Nigeria could do is ban them.
@underbjorn Nigeria would ban Shell, if they could. Why let them profit, if they actually could? The problem is Sven, people tend to try to do what is in their own best interests. No, Shell is there BECAUSE Nigeria needs them. Even if Nigeria does NOT need them, expropriating the rest would be counterproductive. The way out of poverty, for people, is capital investments to exploit labor, until supply dries up enough pay rises. Taking over Corps discourages foreign investments.
Haha no, you dumb uneducated clown. The indoctrination sure easily took you over, since you don't even have basic education to rely on as a barrier.
Shell is there because Nigeria allows them, Nigeria doesn't need them but Shell has powerful connections gotten through half a century's presence. Damn you are stupid.
The way out of poverty is not slavery but stable state institutions, transparent and democratic government as well as regulated markets.
@underbjorn I see, Nigeria owes them a favor. Is that why they expropriated majority share from Shell`s subsidiary there? Sure, I believe like you that the govt really doesnt want as much money as possible. Your way out of poverty doesnt include jobs. China doesnt have democracy, and its` real living standards are 7 times as great as in 1977. Political system, transparency, less important than the economic system. Growth in China in "enterprise" zones, LEAST regulated areas.
Wow, the fascist in you comes to live again, in connection with the lack of education as usual. The economic growth in China came with moderate deregulation in terms of LAND REFORM, ofc you had no idea about this since you are uneducated.
Only recently have foreign companies penetrated and they are hardly unregulated. Chinese authorities have massive control over domestic companies as well.
Democracy and transparancy is most important, economy is always second.
@underbjorn "In People's Republic of China, Special Economic Zones founded by central government under Deng Xiaoping in early 1980s. The most successful Special Economic Zone in China, Shenzhen, developed from a small village into a city with a population over 10 million in 20 yrs."It is notable that Shenzhen, Shantou, and Zhuhai are all in Guangdong province, and all are on the southern coast of China where sea is very accessible for transportation of goods"
@underbjorn "The purpose of these zones, which are mostly located in coastal regions, was not so much to create jobs but to attract foreign investment that would subsequently fuel Chinese modernization programs. In 1997 the Shenzen Special Economic Zone attracted $2.42 billion in actual foreign investment, up 40 percent from 1995" I said LEAST regulated, not unregulated. Why do you Socialists always insist on a all, or nothing picture? Purity isnt necessary to compare relative ideas.
It's hardly socialists that insist on a black and white picutre, which I say after experience with numerous uneducated U.S fa-rright clowns who don't even know what "socialism" is beyond Fox "news".
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The Wikipedia text you copypasted like a mindless drone tells me that the Chinese did this to accumulate capital for state modernization programs, not create jobs.
Hence, a strong state is necessary to modernize. No news there exactly, you dumb clown.
@underbjorn Chinese govt policy is simple enough. Regions with shipping access the govt allowed foreign capital to enter. Free capital flow encouraged by Govt being as unobtrusive as possible, encouraging investment. Evil Capitalists enjoyed a benevolent attitude from govt, and the huge surplus of labor, allowing low wages, and high profit. Billions flowed in. Today, 40 yrs later, this huge labor surplus isnt as big as before, and real wages and living standards are far better.
You have no fucking clue what you are talking about, do you? Real wages are marginally improved but countryside people have to work like slaves under harsh oppression in workshops. Billions flowed in, taken by the state ofc.
Filthy capitalists make major profit, government make major profit, the people get virtually nothing.
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I mean, you have proven to be dumb many times and I know you have no relevant education. Why don't you go back to copypaste Wikipedia texts?
@underbjorn Heres another one confirming what I say, "Since the start of far-reaching economic reforms in the late 1970s, growth has fueled a remarkable increase in per capita income and a decline in the poverty rate from 85% in 1981 to 16% in 2005". Now, if YOUR goal is to keep people poor, living wretched lives, then opening up free flows of capital into China, and letting evil capitalists exploit the Chinese must stop. I say, "Exploit the motherfuckers into the middle class".
Wow, you continue to prove your lack of education.
How many are going to die and suffer until somebody else comes into the middle class?
Why can't we just shoot you and your family and seize your property, which probably will cause far less suffering.
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Do you know what income per capita means? That the world per capita income tells us nothing about the third world? And that that poverty rate most probably is absolute, since relative poverty increasing?
@underbjorn Be a little more clear, I am uneducated in Marxist bullshit language. Are you stating that the people in China are NOT improving their living standards in the industrial cities? If so, why wouldnt they just fucking STAY in the interior, in agriculture?
The improvements come at the cost of psychological, social and economical security, hiding from authorities, being persecuted as illegal immigrants in the coastal cities.
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Meanwhile, as they get paid maybe a miniscule fraction more per hour than in the countryside, the company bosses take out 300 billion bonuses, parachutes and half a billion luxury villas.
"why wouldnt they just fucking STAY"
Because they are encouraged, tricked and pressured to leave you dumb fuck.
@underbjorn With a billion people, dont you think some would tell the others to stay home, its horrible? Or those who came would make a few bucks and go home? This is getting silly. Tens of millions of people come, to get better lives. Those evil company bosses give them the opportunity for better lives. NOBODY else has, or CAN do that. The greedy capitalists are the ONLY ones who will. For MONEY.
Haha, this is indeed getting silly. You are mentally frozen in a retarded stage of underdevelopment.
You could think of all these Mexicans and Africans being hated in the west, somebody would tell them to stay home. They do it anyway because of the miniscule gain, doesn't make it any less deplorable.
The greedy capitalists are not the only ones who will or can, but again simple factual basis eludes the uneducated, simpleminded clowns.
@underbjorn Gee Sven, my wife is a recent Mexican immigrant, who came to the US 10 yrs ago, no English, and set up a small business for less than $700, and within 3 yrs of arrival here netted $60K annually. Average household income here is $50K, and many have 2 incomes. All over this city, people speak Spanish everywhere, and many signs are in Spanish too. Pinche Pendejo!
Question is why I should care even if that fantasy was true, it doesn't affect my facts in any way.
But that's the hting, isn't it dumbfuck, facts from somebody who knows what he talks about is quite hard to counter, so you need Wikipedia and your unique moneycow wife fairy tale.
@underbjorn I guess the 11.5 million Mexican illegals came here because nobody here can call into Mexico and tell them how awful it is? Jeez! The whole State is practically all Mexican now. If you dont speak Spanish culero, you cant talk to half the people. I learned Spanish when I was young, because it gave me twice the pool of girls to sleep with. And, I like a woman who cooks, cleans, takes care of my baby, no daycare for my kid. I`m an exploiter. So is she. Its mutual...........
Haha oh wow, you just blew the last pretension of the farce that you are anywhere near 50.
Btw I don't know which state you live in, but my guesses it's an old part of Spain anywhere which makes it highly ironic that the state "suddenly" is all Mexican.
@underbjorn I wish I was nearer 50, since I`m 60! In California, about 38% of the State is Hispanic, the vast majority of them are of Mexican descent. However, their are cities where the % is far higher. The demographics of my particular city is over 52% Hispanic, and we have many businesses that specialize in non English speaking Mexicans, supermarkets that carry many imported Mexican products like candies, cookies, cake treats, all kinds of Mex canned goods, Mexican soda pop, etc
Yes, there are many Spanish-speaking people in what was once part of a Spanish-majority country. I realize this must be quite the shock for you, now that race laws are abolished and discrimination against Hispanics as well is politically incorrect.
@underbjorn Part2) Chrony Capitalism is when govt bails out financial institutions, GM, Chrysler, subsidizes green energy into existence, corn subsidies for ethanol, etc. As for ZERO % chrony, it depends on your definition. But, small banks that did not get bailouts are LESS CHRONY. Ford didnt get directly bailed, IS LESS. US DOE states oil gets 24 cents per MegaWatt/ hr subsidy, while Solar/ wind gets $23! Oil is LESS Chrony.
You see for yourself in your very own text, uneducated clown, there isn o such thing as "chrony".
There is just "it depends on your definition" and "more or less crony", which isn't in any way definite and absolute terms but highly relative.
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Crony capitalism is not a term used by serious academics and was invented to explain the failed capitalist mechanisms of the 1997 crisis. You hardly can be expected to know the theoretical background of this.
This is like giving Hitler a break in the war, withdrawing allied bombers while letting him carry on as he wishes.
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Learn this, and learn it well Americans, in your system, corporations are hostile legal entities and your defacto one-party system contains less political division than the fucking Supreme Soviet.
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I can't believe your system still clings on to whatever's left, but it is obvious that the corporate directors and the fascist politicians they EMPLOY will end your empire.
Heck I live in Atlanta, Georgia, & its even more fucked up in this state! Our roads & bridges are deterioting @ an ever faster rate, our public health system is ever in danger of going broke, & our public schools are constantly underfunded to the point where in some cases 1 teacher is expected to deal with @ least 45 students in a typical 1 hour session.
Even with all that our southern hill-billy conservative politicians STILL insist on more taxcuts. WTF!
It's sick and I am really sorry for you mate, the only comparison I come up with automatically now at midnight are again and again, typical third world dictatorships.
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You know, the elite establishmen, corrupt despots and their cronies build huge palaces, giant swimming pools and statues while letting the overall standard in the country they are supposed to lead plunge into free fall.
I mean, yachts and private aeroplanes...? They think that's productive for the economy?
American politics is fucked up beyond imagination, it's Republicans and Republicans.
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Your country has amongst the lowest corporate taxes, through loopholes, exemptions and free taxpayer money, in the whole industrialized world, fucking free trade zones included, your system is run by corporations, politicians owned by them, laws and courts controlled by them.
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They go with record profits and both your sameshit-parties want them to have tax HOLIDAY...?
How about a big Asteroid the size of Alaska hit Earth and we all are a blitteraided into nothingness. That Is Change I Can Believe In. Fuck This Planet.
Tax cuts aren't "giving to the rich." It makes no sense to use such language, and it is clearly done for dishonest, rhetorical purposes. There ARE cases of giving to the rich. Subsidies, bailouts, and so on. Tax cuts don't count.
They tried this in 2004 and it resulted in NO jobs being created.
In fact, those companies that benefited the most actually slashed American jobs and sent them overseas----as it became more profitable for these companies to invest outside America, with the idea that they'd just hold their profits overseas and wait for another tax amnesty.
The tax breaks will give some Mexican guy more grass to cut when the top tier of employment at these companies buys another tacky modern Mc mansion with a few more acres.
@Meatbag211 When are we going to learn that the people in Washington, D.C. are the most greediest people in the Country. Corporations didn't place the word "trillions" into the American lexicon, Washington, D.C. did.
It's called ROLL DOWN economics. If I'm rich I can afford a big house high on the hill, and a sports car that rides low to the ground. When I get out of my low car in front of my big house the change might fall out of my pockets, when it does it might ROLL DOWN the hill to the poor neighborhoods. Where you poor people can pick it up. See how we all win.
@jaroncreed Well I do have some wealth. Yet I think you may have missed the point. I was using satire to make a humorous statement. Of course being insulting and acting childish is always a way to reply to satire, a useless and meaningless way, but a way none the less.
@jaroncreed Oh what a brilliant point. You called me a faggot so now I must concede the you are my better. No wait, you have just resorted to more childish name calling because you have a low intellect and lack a sense of humor. It's alright by me if you want to act a fool and demonstrate you lack of manners. If your intent is to offend me you should at least try and insult me over things that matter to me. I must make this clear, you have no effect aside to amuse me. You are very silly.
@Richardisdorky Unlesscyou pay some weasal to stand between you and the peasants, and catch any change you drop and carry it back up to you? I believe you call them politicians.
@morganbath Hey now there is no reason to be insulting. You shouldn't talk about weasels like that. I've had a few weasels as pet and they kind and loving animals. Nothing like a politician at all.
Tax holiday for the rich. That's hilarious. What about the student loan holiday, or a mortgage holiday? Not practical, of course - it would ruin the economy. But yet another free handout to the corrupt rulers is just the ticket.
If we don't let the rich keep every bit of their money they won't create jobs; as if the motivation of having less money wouldn't compell them to get more. I'm motivated to go to work to get more money. Apparently, money doesn't motivate them to create more work for us to go to because they've got plenty. The people who should be responsible don't have to be(loopholes and offshore tax havens). How does this make any sense for capitalism? What a mess.
"President" Obama could get us out of Afghanistan NOW, and save $399 Million a day. Obama, (that would be the taxparyer), paid over 80% of the Libyan governmental switch, to the tune of $10 Billion. What McCain is talking about is mear chicken feed. Obama stops playing war games, American rolls in the dough.
If any of you hid your income offshore to avoid tax do you think you would be offered discounts to pay that tax? You would be wearing orange playing dollgirl for bubba.
1. Corporations don't pay taxes. That money belongs to whoever was going to get it out of the corporation. It can be the management or shareholders. So that's money taxed at 35% otherwise, that would go to the owners of the company.
2. The UNFAIR part is the so called 'progressive' tax. The richer people already paying hundreds of times in dollar amounts than poorer people. Creating an unequal SCALE of tax rates only gives ability for SOME people to increase more taxes of OTHER people - unfair.
@dangerouslytalented That is about the best I have heard anyone state that side of the argument. Giving the rich more money has never and will never create more jobs directly. Everyone that defends rich tax cuts always uses the example of a car company or boat company creating more jobs due to higher demand. Well when has that ever been true? If they need more cars or boats they put you on a waiting list and say to hell with hiring more people, let them wait. Just a flawed thought process.
The funny thing about that argument is that the rich have the lowest marginal demand of any demographic, that is for each dollar you give them they'll spend the least. Giving a tax cut to the rich is the worst way to create more jobs.
It might help increase investment, but we don't really have a supply side problem at this point.
@gamegeek2 That depends on where the money is. The last time this was attempted, there was a net loss of jobs, and where do they put the money? Into self inflating dirivitives, which actually feed inflation by driving prices up.
DEREGULATION INCREASES RISK
Athruebelief 2 months ago
How about this:
-If they create US jobs they get to repatriate at those ridiculous levels
-If they DON'T create US jobs, all the repatriated assets are seized by the US govt.
MyTemporaryAccount88 3 months ago
@MyTemporaryAccount88 Cenk claims it will "cost" us $78 billion to do this. Thats silly! The money is already gone. The money isnt coming back, if it is taxed. If it DOES come back, at 8.75%, thats better than the present, which is ZERO. Suppose each Corp taking advantage of this just passes the money onto shareholders. Try making a case that more money to US shareholders will NOT create any economic activity.
luvcheney1 2 months ago
I don't you give if to Americans struggling to put food on the table and keep up with their bills. If giving the rich money to spend i bound to have some effect, why wouldn't the same be true for the middle and working class
jcharit1 3 months ago
What the hell happened to John McCain? He used to be one of the sensible ones...
Fatcatnevercameback 3 months ago
@Fatcatnevercameback the tea party happened.
being an intellectual and making reasoned decisions is no longer ok in the republican party. Nowadays, you cant listen to books and facts... you gotta trust in your gut feelings. So guys like Stephen Hawking and his lifetime devotion to astro physics are wrong, because the gut feeling is god did it.
LiekABaus 3 months ago
Occupy Kay Hagan! The Democrats need to remember that our eyes are on them too!
helios5868 3 months ago
How about instead of 35% they pay something like 25%? Why do we have to cut it all the way down to 5-8% for a tax holiday? In a bad economy, you can't go to Australia on holiday - you settle for Florida. I bet if we offered corporations 25% tax to repatriate offshore money, quite a few would go for it.
mikebee02 3 months ago
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@mikebee02 Cenk claims it will "cost" us $78 billion to do this. Thats silly! The money is already gone. The money isnt coming back, if it is taxed. If it DOES come back, at 8.75%, thats better than the present, which is ZERO. Suppose each Corp taking advantage of this just passes the money onto shareholders. Try making a case that more money to US shareholders will NOT create any economic activity.
luvcheney1 2 months ago
The USA was created by merchants for merchants. Ever since we had a government of the merchants, by the merchants, for the merchants.
For me that explains the decisions made by the business,and government elite.
westkan 3 months ago 4
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The big banks and the current American government is committing the EXACT SAME TRANSGRESSIONS towards the American people that solicited the American Revolution caused by the King of England's tyranny. Your Declaration of Independence states that you have the right to overthrow your government if it's harming you. REVOLT!
TheCeruleanCrayon 3 months ago
"Money/market" is ROOT of problems.
Automation & cheap labor = NO JOBS = No consumers = capitalism is over
NOW we can:
1. FREELY Share ALL resources & knowledge worldwide, NO more money/property
2. Use LATEST technology to create an ABUNDANCE of all our needs, NO more waste/theft
3. Automate/localize ALL production and distribution, NO more central control/wage slavery
v=4Z9WVZddH9w
dontblockmedk 3 months ago
I'm actually starting to feel some sympathy for Somali pirates.
SSJ3Ulcer 3 months ago
Yachts will be continued to be produced in the US, as boats are notoriously known for being difficult to transport over sea.
DanishAtheist 3 months ago
in 2004 when they did something similar it caused a burst of corporate profits to come back into the united states. The thing about it it that the rate of tax is lower but the amount of money there is to tax is more.
dukee155 3 months ago
Let me guess: the corporations are using the politicians to grant THEMSELVES another tax amnesty. They are acting like seductresses.
fingrid 3 months ago
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@fingrid Cenk claims it will "cost" us $78 billion to do this. Thats silly! The money is already gone. The money isnt coming back, if it is taxed. If it DOES come back, at 8.75%, thats better than the present, which is ZERO. Suppose each Corp taking advantage of this just passes the money onto shareholders. Try making a case that more money to US shareholders will NOT create any economic activity.
luvcheney1 2 months ago
THE ONLY POSITIVE EFFECT ITS THE MONEY GOING TO JONH MC CAIN CAMPAIGN...
buakawkaoklai 3 months ago
GOP POLICY BIG AD UP TO THE AMERICAN DEFICIT
buakawkaoklai 3 months ago
I disagree with one thing Cenk said here. Each corporation will create a single job. One job. Then that job will be included in the next round of layoffs.
Xaphnir 3 months ago 2
I think that the opposite should occur. Because you tried to avoid paying taxes, a crime, you should go to jail and pay 100% tax as you rot in jail.
ShogaNinja 3 months ago 6
@ShogaNinja AVOIDING is legal. EVADING illegal. Money that is earned outside the US, and not brought back in is untaxable. The tax is owed to the govt where it was earned.
luvcheney1 2 months ago
@luvcheney1
sure but they ship everything overseas for the express purpose of avoiding taxes, and THEN they get credit for being in the USA. How many huge companies MADE more money after taxes than before in the last year? G.E. and Verizon come to mind. What happened to taking pride in the country that made you rich and giving back your fair share? GOP says tighten your belt and we have to share the pain, but then u got corps hostaging the money until they get a tax holiday.SHAME!.
ShogaNinja 2 months ago
@ShogaNinja Among many factors a corp might find it more profitable to work outside the US, one is the rate of taxes abroad, compared to here. Avg of 34 OECD nations is 24%, while in the US (including state) the rate is 39%. Income earned abroad has its taxes paid abroad. If they pay 24% Out of US, they would pay 15% more coming back. It is easy to see why it doesnt come back! GE paid none 1) $9B of $14B earned OUT 2) GE Cap is bank, writing past losses off 3) Green energy credits.
luvcheney1 2 months ago
@luvcheney1
That's starting to sound like deregulation talk popular with the GOP. The fact is that they use a tax loophole thru the cayman islands to get their income, tax free. In the past (pre-reagan) the income tax was much higher than it is now and that resulted in the companies investing in their business instead of taking the money out which is what they do now.That tax policy resulted in higher wages.Wages have stagnated while inflation has risen nearly 3x. We make FAR less now.
ShogaNinja 2 months ago
@ShogaNinja Note you first intend to discredit, by linking me to GOP. The you use a very UNSPECIFIC "tax loophole" to make income tax free. WHICH loophole? I will debate any, but I cant debate the entire 47,000 page tax code. Suggesting high taxes making corps stay HERE, instead of leaving is silly. Wages being stagnant is not true. Even the Lib , Krugman construct of "inequality" is severely flawed. You really have NO idea how the tax code change affected statistics?
luvcheney1 2 months ago
@luvcheney1
1: your beliefs link you to GOP not me.
2: /watch?v=qF0lM96jmDU&feature=plcp&context=C3494ecfUDOEgsToPDskKea1FhDw80UBsDRPMM60rS Proof, mofo. When you compare the wages vs the inflation rate, you get startlingly different numbers. We make close to 3x less than people did in the 70's while CEOs make more than they did back then.
3: the US corp tax rate is lower than it has ever been
4: China has more corp regulations than us and they are doing quite fine.
ShogaNinja 2 months ago
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How dare they?
DRock7977 3 months ago
McCain could buy his 9th home!
CSHallo 3 months ago
when the video started i actually though this was a good thing and i was surprised,then i paused the video cuz i knew it was too good to be true,the government promoting job growth?no obviously not they are doing what the obviously do give corportions more gifts.elitist bastards
thenvdude 3 months ago
When home mortgage deductions were introduced, what is the chance that the market factored that into the price of a house and presented the buyer's "entitlement" to close the sale?
Removing that deduction will push some more home owners over the line, and foreclosures and abandoned houses will result. That's some effect.
They are tearing down houses in Cleveland to prop up the value of those remaining, reminiscent of burying food with lime during the Great Depression to increase food prices
tedtrash 3 months ago
Well if you are for jobs, and for patriotism, how about corporations hiring one person or more each on a National Hiring Day to support their country. Both parties say they believe in patriotism and want jobs - now it's time to really prove you mean it by supporting a National Hiring Day.
TomHendricksMusea 3 months ago
I thought everyday was a corporate tax-holiday.
RadarKat73080 3 months ago
Lmao! Really enjoyed this one! :D
daisybell4 3 months ago
I'd be fine with a tax holiday if they had to create jobs with it.
JImmy4336 3 months ago
America is such a god damn joke of a country. . . Aleast Nero let Greece burn with a little respect. . . Leaders in America are just shitting all over the nation. . but instead of a quick fast death. . they give you a slow " drawn " out death that last for years and years. . . . . sick fucks
pimpinnevaslipin 3 months ago
@pimpinnevaslipin So true, but wasn't it Rome that burned?
dave19941000 3 months ago
@dave19941000 ---
I think it was Christians that burned.
underbjorn 3 months ago
@dave19941000
Yes. . Rome. . . sorry i got caught up in the moment. . . Nothing burns better than Rome
pimpinnevaslipin 3 months ago
more money in the hands of many has more economic power than more money in the hands of a few. Its simple logic.
803brando 3 months ago
i say we change from peaceful protests to violent protests to get the message across. the way this country is heading is unacceptable
cubamexico5567 3 months ago
I'm getting tired of hearing this shit.
Isn't it about time someone started tearing shit up literally? We all know that nothing will change without drastic action. I think protests are not going to do anything. Wolf Pac, though I love and support it, is not going to make a difference. Desperate times call for desperate measures. Since the rich want to rob us, it's time for us to rob them.
DarkGlitchX 3 months ago
@DarkGlitchX Desperate times require what? Desperate MEASURES YES! WHO SAID THAT?!
KoutetsuTenshin 3 months ago
@KoutetsuTenshin
MASTERS DEGREE IN COMMUNICATION
A0DBOB 3 months ago
@A0DBOB It can be used as a tool, OR A WEAPON.
KoutetsuTenshin 3 months ago
@KoutetsuTenshin
Thanks for reminding me of that video.. i hadn't watched it in way too long =)
A0DBOB 3 months ago
@KoutetsuTenshin I really don't know XD
DarkGlitchX 3 months ago
I have a plan for a "Tax Holiday" for corporations. From now until Dec 31, you can repatriate your profits at the CURRENT RATE. After Dec 31, the current rate DOUBLES. Then, if you don't repatriate your profits by Dec 31 of the following year, you start paying PENALTIES.
The IRS doesn't let the rest of us get away with dodging taxes, WHY should corporations get away with it? Yeah, "the law sez"; I'm proposing to change the law.
ArchaeanDragon 3 months ago
they has it
FengxianLeTerrible 3 months ago
those cars are import cars, they are providing more jobs for germany, italy, and japan, this goverment sucks
lominero5 3 months ago
at some point the rich (if they can) will have such a low tax-rate that they will actually RECEIVE money,.. its a scary thought to me
cwongchung 3 months ago 5
Corporations DO NOT need a tax holiday.
If you're trying to create more jobs(and more consumers), you're doing it wrong Mr. McCain and Hagan.
dmausf 3 months ago
The senate can stop this bill. If it goes through it is BOTH the GOP and DEMs.
Zooni2 3 months ago
When did the GOP start their love affair with the rich? seriously it's discapable
t221000 3 months ago
Corporations: I dont understand what the big deal is. If we get our tax holiday--we can pass the savings on to you--The Customer.
If we give exorbitant amounts of compensation to our executives--this is also a good thing. A super rich executive, is a super happy executive. A super happy executive will only work harder for you--The Customer.
If you have a problem with this--#$% you! Whadda you gonna do about it?! hehehhehehhehehhe
milkmanmonroe 3 months ago
So reich wingers, how does your fascist plan suit the be interest of America, oh it doesn't. it suits the rich,
FYI the reich hates vets too, for all you VFW suckers who still think the reich wing is pro military and vets, know that it was the reich wing that called the pay freeze, the GI ben. cuts, and TA/tricare cuts. Not osama bomma, it was boner, mcvain, mconn
pistolpete1st 3 months ago
Pass a bill forcing them to bring the cash back at 75% taxation and pay down the deficit, that is what they all scream they want,right?
derberg19486 3 months ago
The rich and corporations serve no useful purpose, other than as an accompaniment to fava beans and a fine chianti - eat them!
I hope this corporate tax holiday doesn't happen - let the multinational corporations invest their money in the developing world that needs it more than you rich fat Americans. Let the Americans eat other Americans.
jordan567890 3 months ago
this is what needs to keep happening so people can wake up and lose their shit. so be it. keep fuckin with the people. keep it up!
payasoinfeliz 3 months ago
some money is better than nothing
Ivan951 3 months ago
I dunno maybe the repatriation should be done at a higher rateif only to make some dent on the deficit
BushidoBrownSama 3 months ago
In most corrupt third world banana republics, politicians' memories stretch a couple of years back, and the U.S is no exception.
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Not only are there millions and millions of brainwashed, zero-education, Christian fundamentalist cases of social retardation voting like drones on the Republican clowns based on namedropping Jesus and socialism most times.
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Have you any memory of what happened after Bush's NUMEROUS tax "holidays"?
All the cash went to executives bonuses. What a NON-SURPRISE!
underbjorn 3 months ago 45
@underbjorn Corporations have owners, the stockholders. Kindergarten teachers have pension funds, invested in corporations.Cops, firefighters, municipal janitors and gardeners, union retirees in public sector, private sector middle class workers with IRA`s, 401K`s too, own the corps. To portray corporate interests as different from the people`s interests is silly. People are customers, using the needed products, services, as well. Corps and people depend on each other.
luvcheney1 2 months ago
@luvcheney1 ---
If you thought I depend on Coca-Cola Company more than my own government, you are just another stupid, uneducated far-right American to the count.
If you thought the interests of the citizens of the Bengal were the same as the British East India Company, again the same hting; dumb uneducated clown.
If you think the interests of the impoverished inhabitants of the Niger Delta conincides with Shell, again same thing.
underbjorn 2 months ago
@underbjorn Plenty of direct employees of coke, all over the world, earn livings from it. Stockholders do too. Restaurants, bars, etc also use it for earning money. And, people LIKE IT. You can drink moose piss, if you prefer, your choice. British East India was a Govt created monopoly, right wing wackos do NOT approve. Shell is majority owned by corrupt Nigerian govt. Fuck you, bjorn.
luvcheney1 2 months ago
@luvcheney1 ---
Hah, as predicted. Right-wing wackos did approve, since the British East Indian trading company was owned by upper-class stockholders sponsored by the backwards rulers of an undemocratic society. You probably think "conservative" means free market, like all uneducated U.S far-right pundits.
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So you think just because some people earn money from business x, it is in my interest? How the fuck did you come to such a farfetched, ridiculous conclusion?
underbjorn 2 months ago
@underbjorn Sven, in US, conservative & liberal have different meanings than the classical ones. Unless you are an idiot, which still is possible, you know that already. But yes, when I say conservative, or right wing wacko, I mean supporter of Free Markets (Not "chrony capitalism" Need definition Sven?). Here in the US, it isnt just "some" people who own corporations, its almost 50%, taking into account govt & private pensions, personal retirement accounts, which are invested.
luvcheney1 2 months ago
@luvcheney1 ---
Wrong it's way less than 10% that have influence over major corporations in the U.S. That you think major corporations are owned like collectives, by the employees, show how distanced from reality you are.
There is no such thing as crony capitalism since the completely disembedded market is an unrealistic theoretical model, but you need education to know such basics and you ofc lack this.
Clowns like yourself can only simplify things down to your level.
underbjorn 2 months ago 2
@underbjorn Read my comments, I never said that the corps were run by the employees. I stated that lots of people work for Coke, making it and transporting it, and others, like restaurants and bars sell it as part of their businesses. Others are stockholders. And, many people enjoy drinking it. That doesnt mean I think employees are running it. Employees are stupid. That is the last fucking thing you want.
luvcheney1 2 months ago
@luvcheney1 ---
No the last thing I want is some uneducated U.S-Republican style clown ever getting influence in my country.
"Employees are stupid". Two things from my previous posts fit as response:
1. "Hah, as predicted."
2. "Clowns like yourself can only simplify things down to your level."
.
Alot of people work for Coke. And...? It does not mean Coke is beneficial to me, to society or to themselves. Alot of people work for alot of things, does all that benefit you?
underbjorn 2 months ago
@underbjorn We have left wing, socialist retired union workers, teachers, social workers, who hate corporations just like you. Their pensions and healthcare paid for out of Corp profits, owned by their pension funds. Did you whittle your computer from an old tree stump? With a knife you mined & forged yourself? I said before, if you like Coke, drink it. If not, dont. But tens of millions do enjoy a CocaCola now & then. Nice clear glass, 2/3 full of chipped ice, GodDamn, thats good!
luvcheney1 2 months ago
@luvcheney1 ---
"But tens of millions do enjoy a CocaCola now & then"
Did you really think that's an argument? And no, my comp is payed for with student benefits. You obviously tried to make some parroted nonsense point without thinking, as expected
.
Their pensions are also being gambled away by corporations in search of fast maximum profits, traded across the globe in milliseconds, not too seldom wreaking havoc where they push through.
The simplicity of simpletons still amazes me.
underbjorn 2 months ago
@underbjorn Well gee, I guess you are correct. What millions of people want ought to be decided by you. No profit, no corps. How many corporations does it take, just to make the plastic, on the mouse of that computer? You know, all the corps necessary to get the oil, just to make plastic? Including the mining corps, to get the iron, for the metal in the drill?
luvcheney1 2 months ago
@luvcheney1 ---
Very telling from a simplistic, uneducated robot. How many corporations doesn't it take to produce this computer mouse, how many impoverished third world nations don't they mjine in, operate in and draw cheap labour from without improving their lives the slightest in comparison to the wealth amassed by a clique of individuals, who do absolutely nothing even close to what those paid 0,00000000001% of their daily income have to endure.
underbjorn 2 months ago
@underbjorn Interesting, but silly. It seems to me, that if these poor people were actually being exploited, they would work someplace else. But, since they dont, it proves that these awful jobs, from the evil corporations actually happen to be an improvement over all other options they have. In the long run, the Greedy corps invest until the idle, badly employed labor surplus dries up. When eventually the labor market tightens, wages improve. Exploitation is salvation!
luvcheney1 2 months ago
@luvcheney1 ---
Much can seem silly to you, as a heliocentric world seemed silly to the Inquisition.
What if that company is the only feasible option, controlling an entire region? Maybe they are an improvement, but a miniscule such and they could do much more but out of sheer greed they prefer 300 million pay raise to one guy instead of feeding thousands of individuals. In the long run, corps move the investment due to market paranoia, leaving a wrecked society behind them.
underbjorn 2 months ago
@underbjorn Shell in Nigeria. Mexico`s rich landowners & Big Oil.. Both these cases, reaction of Govt very similar. Nationalization of majority of Shell, & Mexico`s heroes broke up large ranches of the rich, gave to the poor. Pres Cardenas nationalized oil industry. Result? "Greedy" rich capitalists had NO desire to risk their Capital. The "poor" werent "exploited" any longer by NEW Greed! So, in Chiapas, they sit and wait for rain, in abject poverty. Thanks to "heroes"?
luvcheney1 2 months ago
@luvcheney1 ---
Shell is not majority-owned by the Nigerian state, it has operations worldwide. In Mexico, as around Latin America, feudal landowners still is commonplace. Greedy capitalists already had control of the government. You think that government and corporations are clearly separated in all instances, another show of your massive ignorance. The state can control a corp, and vice versa.
Regulations can be effective and sound, or they can be excessive. As can deregulation.
underbjorn 2 months ago
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luvcheney1 2 months ago
@underbjorn "96% Oil Nigeria produced from corps NNPC (Nigerian National Petroleum Corp) held at least 60% equity. NNPC made 75 % of investment in petroleum." Nigeria nationalized most of Shell subsidiary. Mexico still has over 20% of its peasants still working in agriculture, US 3%, & many work tiny plots, irrigated by rain, poverty, taking from rich, giving little plots to poor. I said before, "Free Markets (Not "chrony capitalism" Need definition Sven?" Want definition of CHRONY?
luvcheney1 2 months ago
@luvcheney1 ---
Shell is a multinational corp and you equal it to their Nigerian industry alone? Dumb become dumber as expected. And Shell still gets a major profit from running offshore rigs and various other shadowy businesses in the Delta.
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Sure give me definition of chrony and then a empirical example of where there has not been chrony capitalism. Since you lackv education you can't give me one single example, since you haven o idea what the theory or academic definitions are.
underbjorn 2 months ago
@underbjorn Shell`s activities in Nigeria were as a subsidiary, which really no longer is an appropriate term, since Govt of Nigeria has the majority stake in the Corp (the subsidiary). Subsidiaries are either totally, or partially owned, but the term is when the Parent corp has a majority share. Shell doesnt have a majority share in Nigeria. Nigeria does. Shell makes its share, but Nigeria has the majority.
luvcheney1 2 months ago
@luvcheney1 ---
And Shell cooperates with a corrupt, totalitarian regime in oppressing, starving and polluting the environment and people.
It's not the Nigerian government that's the issue here, it's the commercial organization who has funded the status quo of the Delta region for the past 50 years.
underbjorn 2 months ago
@underbjorn Shell`s Job is make as much profit as possible, so to maximize shareholder`s interests. Oil is their business. The Nigerian Govt is most certainly the issue. There are many Govts in Africa that are corrupt. Shell`s minority interest in an ex-subsidiary is not in any position of power to change the lives of the people. IF Govt there enabled greedy corps to come and make money, lives would improve. Why invest, to get it taken away, in the end?
luvcheney1 2 months ago
@luvcheney1 ---
Shell's job is to be responsible and not act like a criminal organization, Shell has in numerous occassions been accused for much less than pleasant activities in close cooperation with the Nigerian authorities.
There are many corrupt African govts, and this is highly beneficial to the corps which ofc want to KEEP THEM corrupt, hence securing beneficial positions.
Shell is a major player and in a position to change, and the best thing Nigeria could do is ban them.
underbjorn 2 months ago
@underbjorn Nigeria would ban Shell, if they could. Why let them profit, if they actually could? The problem is Sven, people tend to try to do what is in their own best interests. No, Shell is there BECAUSE Nigeria needs them. Even if Nigeria does NOT need them, expropriating the rest would be counterproductive. The way out of poverty, for people, is capital investments to exploit labor, until supply dries up enough pay rises. Taking over Corps discourages foreign investments.
luvcheney1 2 months ago
@luvcheney1 ---
Haha no, you dumb uneducated clown. The indoctrination sure easily took you over, since you don't even have basic education to rely on as a barrier.
Shell is there because Nigeria allows them, Nigeria doesn't need them but Shell has powerful connections gotten through half a century's presence. Damn you are stupid.
The way out of poverty is not slavery but stable state institutions, transparent and democratic government as well as regulated markets.
underbjorn 2 months ago
@underbjorn I see, Nigeria owes them a favor. Is that why they expropriated majority share from Shell`s subsidiary there? Sure, I believe like you that the govt really doesnt want as much money as possible. Your way out of poverty doesnt include jobs. China doesnt have democracy, and its` real living standards are 7 times as great as in 1977. Political system, transparency, less important than the economic system. Growth in China in "enterprise" zones, LEAST regulated areas.
luvcheney1 2 months ago
@luvcheney1 ---
Wow, the fascist in you comes to live again, in connection with the lack of education as usual. The economic growth in China came with moderate deregulation in terms of LAND REFORM, ofc you had no idea about this since you are uneducated.
Only recently have foreign companies penetrated and they are hardly unregulated. Chinese authorities have massive control over domestic companies as well.
Democracy and transparancy is most important, economy is always second.
underbjorn 2 months ago
@underbjorn "In People's Republic of China, Special Economic Zones founded by central government under Deng Xiaoping in early 1980s. The most successful Special Economic Zone in China, Shenzhen, developed from a small village into a city with a population over 10 million in 20 yrs."It is notable that Shenzhen, Shantou, and Zhuhai are all in Guangdong province, and all are on the southern coast of China where sea is very accessible for transportation of goods"
luvcheney1 2 months ago
@luvcheney1 ---
Yes you quoted a ingress line to an article you probably haven't even read on Wikipedia. Which tells you what, exactly?
underbjorn 2 months ago
@underbjorn "The purpose of these zones, which are mostly located in coastal regions, was not so much to create jobs but to attract foreign investment that would subsequently fuel Chinese modernization programs. In 1997 the Shenzen Special Economic Zone attracted $2.42 billion in actual foreign investment, up 40 percent from 1995" I said LEAST regulated, not unregulated. Why do you Socialists always insist on a all, or nothing picture? Purity isnt necessary to compare relative ideas.
luvcheney1 2 months ago
@luvcheney1 ---
It's hardly socialists that insist on a black and white picutre, which I say after experience with numerous uneducated U.S fa-rright clowns who don't even know what "socialism" is beyond Fox "news".
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The Wikipedia text you copypasted like a mindless drone tells me that the Chinese did this to accumulate capital for state modernization programs, not create jobs.
Hence, a strong state is necessary to modernize. No news there exactly, you dumb clown.
underbjorn 2 months ago
@underbjorn Chinese govt policy is simple enough. Regions with shipping access the govt allowed foreign capital to enter. Free capital flow encouraged by Govt being as unobtrusive as possible, encouraging investment. Evil Capitalists enjoyed a benevolent attitude from govt, and the huge surplus of labor, allowing low wages, and high profit. Billions flowed in. Today, 40 yrs later, this huge labor surplus isnt as big as before, and real wages and living standards are far better.
luvcheney1 2 months ago
@luvcheney1 ---
You have no fucking clue what you are talking about, do you? Real wages are marginally improved but countryside people have to work like slaves under harsh oppression in workshops. Billions flowed in, taken by the state ofc.
Filthy capitalists make major profit, government make major profit, the people get virtually nothing.
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I mean, you have proven to be dumb many times and I know you have no relevant education. Why don't you go back to copypaste Wikipedia texts?
underbjorn 2 months ago
@underbjorn Heres another one confirming what I say, "Since the start of far-reaching economic reforms in the late 1970s, growth has fueled a remarkable increase in per capita income and a decline in the poverty rate from 85% in 1981 to 16% in 2005". Now, if YOUR goal is to keep people poor, living wretched lives, then opening up free flows of capital into China, and letting evil capitalists exploit the Chinese must stop. I say, "Exploit the motherfuckers into the middle class".
luvcheney1 2 months ago
Comment removed
underbjorn 2 months ago
@luvcheney1 ---
Wow, you continue to prove your lack of education.
How many are going to die and suffer until somebody else comes into the middle class?
Why can't we just shoot you and your family and seize your property, which probably will cause far less suffering.
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Do you know what income per capita means? That the world per capita income tells us nothing about the third world? And that that poverty rate most probably is absolute, since relative poverty increasing?
What a joke.
underbjorn 2 months ago
@underbjorn Be a little more clear, I am uneducated in Marxist bullshit language. Are you stating that the people in China are NOT improving their living standards in the industrial cities? If so, why wouldnt they just fucking STAY in the interior, in agriculture?
luvcheney1 2 months ago
@luvcheney1 ---
The improvements come at the cost of psychological, social and economical security, hiding from authorities, being persecuted as illegal immigrants in the coastal cities.
.
Meanwhile, as they get paid maybe a miniscule fraction more per hour than in the countryside, the company bosses take out 300 billion bonuses, parachutes and half a billion luxury villas.
"why wouldnt they just fucking STAY"
Because they are encouraged, tricked and pressured to leave you dumb fuck.
underbjorn 2 months ago
@underbjorn With a billion people, dont you think some would tell the others to stay home, its horrible? Or those who came would make a few bucks and go home? This is getting silly. Tens of millions of people come, to get better lives. Those evil company bosses give them the opportunity for better lives. NOBODY else has, or CAN do that. The greedy capitalists are the ONLY ones who will. For MONEY.
luvcheney1 2 months ago
@luvcheney1 ---
Haha, this is indeed getting silly. You are mentally frozen in a retarded stage of underdevelopment.
You could think of all these Mexicans and Africans being hated in the west, somebody would tell them to stay home. They do it anyway because of the miniscule gain, doesn't make it any less deplorable.
The greedy capitalists are not the only ones who will or can, but again simple factual basis eludes the uneducated, simpleminded clowns.
underbjorn 2 months ago
@underbjorn Gee Sven, my wife is a recent Mexican immigrant, who came to the US 10 yrs ago, no English, and set up a small business for less than $700, and within 3 yrs of arrival here netted $60K annually. Average household income here is $50K, and many have 2 incomes. All over this city, people speak Spanish everywhere, and many signs are in Spanish too. Pinche Pendejo!
luvcheney1 2 months ago
@luvcheney1 ---
Bwahahahah, xD Hilarious story, clown.
Question is why I should care even if that fantasy was true, it doesn't affect my facts in any way.
But that's the hting, isn't it dumbfuck, facts from somebody who knows what he talks about is quite hard to counter, so you need Wikipedia and your unique moneycow wife fairy tale.
underbjorn 2 months ago
@underbjorn I guess the 11.5 million Mexican illegals came here because nobody here can call into Mexico and tell them how awful it is? Jeez! The whole State is practically all Mexican now. If you dont speak Spanish culero, you cant talk to half the people. I learned Spanish when I was young, because it gave me twice the pool of girls to sleep with. And, I like a woman who cooks, cleans, takes care of my baby, no daycare for my kid. I`m an exploiter. So is she. Its mutual...........
luvcheney1 2 months ago
@luvcheney1 ---
Haha oh wow, you just blew the last pretension of the farce that you are anywhere near 50.
Btw I don't know which state you live in, but my guesses it's an old part of Spain anywhere which makes it highly ironic that the state "suddenly" is all Mexican.
underbjorn 2 months ago
@underbjorn I wish I was nearer 50, since I`m 60! In California, about 38% of the State is Hispanic, the vast majority of them are of Mexican descent. However, their are cities where the % is far higher. The demographics of my particular city is over 52% Hispanic, and we have many businesses that specialize in non English speaking Mexicans, supermarkets that carry many imported Mexican products like candies, cookies, cake treats, all kinds of Mex canned goods, Mexican soda pop, etc
luvcheney1 2 months ago
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@luvcheney1 ---
"I wish I was nearer 50, since I`m 60!"
Haha yes, this gets even better!
Yes, there are many Spanish-speaking people in what was once part of a Spanish-majority country. I realize this must be quite the shock for you, now that race laws are abolished and discrimination against Hispanics as well is politically incorrect.
Hard for you born back in the Jim Crow days.
underbjorn 2 months ago
@luvcheney1 ---
I can't expect such an uneducated lowly simpleton as you to have any kind of basic perspective, but the same applies for external refugees.
Why don't they stay in their home countries? They don't know they will be hated, enslaved and discriminated against in the west.
They are duped or forced to leave, they already have it bad and want something better.
Instead they get exploitated by people who live in such an excess they could feed 1/6 of the global pop for a day.
underbjorn 2 months ago
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@luvcheney1 ---
"Today, 40 yrs later, this huge labor surplus isnt as big as before, and real wages and living standards are far better. "
Yes for a minority middle class with uncounted hundreds of billions in the west still living in complete poverty.
And ofc the state control of companies in the economic zones is still prevalent, which is a good thing.
Since you are dumb I bet you had no idea all companies, domestic and foreign, work within the framework of NDRC five-year plans.
underbjorn 2 months ago
@underbjorn Part2) Chrony Capitalism is when govt bails out financial institutions, GM, Chrysler, subsidizes green energy into existence, corn subsidies for ethanol, etc. As for ZERO % chrony, it depends on your definition. But, small banks that did not get bailouts are LESS CHRONY. Ford didnt get directly bailed, IS LESS. US DOE states oil gets 24 cents per MegaWatt/ hr subsidy, while Solar/ wind gets $23! Oil is LESS Chrony.
luvcheney1 2 months ago
@luvcheney1 ---
You see for yourself in your very own text, uneducated clown, there isn o such thing as "chrony".
There is just "it depends on your definition" and "more or less crony", which isn't in any way definite and absolute terms but highly relative.
.
Crony capitalism is not a term used by serious academics and was invented to explain the failed capitalist mechanisms of the 1997 crisis. You hardly can be expected to know the theoretical background of this.
underbjorn 2 months ago
This is like giving Hitler a break in the war, withdrawing allied bombers while letting him carry on as he wishes.
.
Learn this, and learn it well Americans, in your system, corporations are hostile legal entities and your defacto one-party system contains less political division than the fucking Supreme Soviet.
.
I can't believe your system still clings on to whatever's left, but it is obvious that the corporate directors and the fascist politicians they EMPLOY will end your empire.
underbjorn 3 months ago 24
@underbjorn
I hear ya man.
Heck I live in Atlanta, Georgia, & its even more fucked up in this state! Our roads & bridges are deterioting @ an ever faster rate, our public health system is ever in danger of going broke, & our public schools are constantly underfunded to the point where in some cases 1 teacher is expected to deal with @ least 45 students in a typical 1 hour session.
Even with all that our southern hill-billy conservative politicians STILL insist on more taxcuts. WTF!
willia3r 3 months ago
@willia3r ---
It's sick and I am really sorry for you mate, the only comparison I come up with automatically now at midnight are again and again, typical third world dictatorships.
.
You know, the elite establishmen, corrupt despots and their cronies build huge palaces, giant swimming pools and statues while letting the overall standard in the country they are supposed to lead plunge into free fall.
I mean, yachts and private aeroplanes...? They think that's productive for the economy?
underbjorn 3 months ago 2
American politics is fucked up beyond imagination, it's Republicans and Republicans.
.
Your country has amongst the lowest corporate taxes, through loopholes, exemptions and free taxpayer money, in the whole industrialized world, fucking free trade zones included, your system is run by corporations, politicians owned by them, laws and courts controlled by them.
.
They go with record profits and both your sameshit-parties want them to have tax HOLIDAY...?
underbjorn 3 months ago 3
Comment removed
underbjorn 3 months ago
How about a big Asteroid the size of Alaska hit Earth and we all are a blitteraided into nothingness. That Is Change I Can Believe In. Fuck This Planet.
CrisKG125 3 months ago
@CrisKG125 aye.
vinsong 3 months ago
Tax this rich scum now!
wanker89 3 months ago
Tax cuts aren't "giving to the rich." It makes no sense to use such language, and it is clearly done for dishonest, rhetorical purposes. There ARE cases of giving to the rich. Subsidies, bailouts, and so on. Tax cuts don't count.
TMOvids 3 months ago in playlist More videos from TheYoungTurks
If you want jobs you don't get it!
eurogoldexchange 3 months ago
Yes.
Vote Republican !
(You moron)
baptsan 3 months ago
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Enemy of Greece, Ireland, Italy, Spain, Portugal,& USA - Jew
1.Goldman Sachs CEO, Lyold Blankfein-Jew
2.IMF Deputy CEO, John Lisky-Jew
3.Ex IMF CEO, Dominic Strauss-Jew
4.World Bank CEO, Robert Zoellick-Jew
5.Ex World Bank CEO, James Woolfesen-Jew
6.Fed Chairman, Ben Bernanke-Jew
7.Ex Fed Chairman, Alan Greenspan-Jew
8.Obama Treasury Secretary, Tim Geithner-Jew
9.George Bush Treasury Secretary, Hank Paulson -Jew
Stevie68000 3 months ago
They tried this in 2004 and it resulted in NO jobs being created.
In fact, those companies that benefited the most actually slashed American jobs and sent them overseas----as it became more profitable for these companies to invest outside America, with the idea that they'd just hold their profits overseas and wait for another tax amnesty.
eatmorenachos 3 months ago
@eatmorenachos well guess they were right in waiting then werent they ... they got what they wanted ...
Aulpa 3 months ago
This is crazy, don't the big corporations have enough cash they are sitting on already? Meanwhile the poor and middle class get a kick in the crotch.
707hoser 3 months ago in playlist More videos from TheYoungTurks
Corps are already sitting 2 trillion dollars, where are the jobs?
lestliness 3 months ago
Is it to late to trade McCain in for another P.O.W.?
TommyTurntables1 3 months ago 3
Come On! Corporations are people too. They also need a holiday from time to time.
WeAreComingForThem 3 months ago
The tax breaks will give some Mexican guy more grass to cut when the top tier of employment at these companies buys another tacky modern Mc mansion with a few more acres.
Friedstuffsable 3 months ago
why dont we give the rich all the money. then there would be no unemployment!
Meatbag211 3 months ago
@Meatbag211 When are we going to learn that the people in Washington, D.C. are the most greediest people in the Country. Corporations didn't place the word "trillions" into the American lexicon, Washington, D.C. did.
MrSpencerport 3 months ago
This is the real war, the class war.
TheUSMetalhead 3 months ago 4
Every day should be a tax holiday.
RKAddict101 3 months ago
It's called ROLL DOWN economics. If I'm rich I can afford a big house high on the hill, and a sports car that rides low to the ground. When I get out of my low car in front of my big house the change might fall out of my pockets, when it does it might ROLL DOWN the hill to the poor neighborhoods. Where you poor people can pick it up. See how we all win.
Richardisdorky 3 months ago 20
@Richardisdorky you aren't rich you fucktard
jaroncreed 3 months ago
@jaroncreed Well I do have some wealth. Yet I think you may have missed the point. I was using satire to make a humorous statement. Of course being insulting and acting childish is always a way to reply to satire, a useless and meaningless way, but a way none the less.
Richardisdorky 3 months ago
@Richardisdorky whatever faggot you got butthurt over being busted
jaroncreed 3 months ago
@jaroncreed Oh what a brilliant point. You called me a faggot so now I must concede the you are my better. No wait, you have just resorted to more childish name calling because you have a low intellect and lack a sense of humor. It's alright by me if you want to act a fool and demonstrate you lack of manners. If your intent is to offend me you should at least try and insult me over things that matter to me. I must make this clear, you have no effect aside to amuse me. You are very silly.
Richardisdorky 3 months ago
@Richardisdorky Unlesscyou pay some weasal to stand between you and the peasants, and catch any change you drop and carry it back up to you? I believe you call them politicians.
morganbath 3 months ago
@morganbath Hey now there is no reason to be insulting. You shouldn't talk about weasels like that. I've had a few weasels as pet and they kind and loving animals. Nothing like a politician at all.
Richardisdorky 3 months ago 2
I was thinking about becoming an Illustrator+Biologist, but maybe I should become a yacht-maker. That way, I'm SURE to have job security.
Yamikaiba123 3 months ago
Tax holiday for the rich. That's hilarious. What about the student loan holiday, or a mortgage holiday? Not practical, of course - it would ruin the economy. But yet another free handout to the corrupt rulers is just the ticket.
Time for Heads on pikes in 3, 2, 1...
audadvnc 3 months ago 3
i think john mccain was being sarcastic. (i sure hope so)
but i do not know to much about him so i couldn't say
TheLCusi 3 months ago
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If we don't let the rich keep every bit of their money they won't create jobs; as if the motivation of having less money wouldn't compell them to get more. I'm motivated to go to work to get more money. Apparently, money doesn't motivate them to create more work for us to go to because they've got plenty. The people who should be responsible don't have to be(loopholes and offshore tax havens). How does this make any sense for capitalism? What a mess.
athews1976 3 months ago
Cenk is racist against rich people.
megagagnon1 3 months ago
@megagagnon1 no he's anti-semitic against them.. he favors jihad against the rich.. lol
oprichniki12 3 months ago
@megagagnon1
Shut it betrayer/sellout.
freshhug 3 months ago
@megagagnon1 me 2
crackfloor 3 months ago
Or,
"President" Obama could get us out of Afghanistan NOW, and save $399 Million a day. Obama, (that would be the taxparyer), paid over 80% of the Libyan governmental switch, to the tune of $10 Billion. What McCain is talking about is mear chicken feed. Obama stops playing war games, American rolls in the dough.
bobbytiger 3 months ago
@bobbytiger The costliest of the wars was started by Bush. Obama wants to finish it properly. You wanna flee like a pussy?
dangerouslytalented 3 months ago
If any of you hid your income offshore to avoid tax do you think you would be offered discounts to pay that tax? You would be wearing orange playing dollgirl for bubba.
fantasy0coach 3 months ago 3
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1. Corporations don't pay taxes. That money belongs to whoever was going to get it out of the corporation. It can be the management or shareholders. So that's money taxed at 35% otherwise, that would go to the owners of the company.
2. The UNFAIR part is the so called 'progressive' tax. The richer people already paying hundreds of times in dollar amounts than poorer people. Creating an unequal SCALE of tax rates only gives ability for SOME people to increase more taxes of OTHER people - unfair.
romanmir01 3 months ago
Tax the fuck out of corporations, and make it illegal for corporations to take it out on the People.
criskity 3 months ago 3
They will use that money to give massive bonuses to their executives. And any jobs are completely coincidental.
dangerouslytalented 3 months ago 75
@dangerouslytalented That is about the best I have heard anyone state that side of the argument. Giving the rich more money has never and will never create more jobs directly. Everyone that defends rich tax cuts always uses the example of a car company or boat company creating more jobs due to higher demand. Well when has that ever been true? If they need more cars or boats they put you on a waiting list and say to hell with hiring more people, let them wait. Just a flawed thought process.
TheLionHeart95 3 months ago in playlist More videos from TheYoungTurks 55
@TheLionHeart95
The funny thing about that argument is that the rich have the lowest marginal demand of any demographic, that is for each dollar you give them they'll spend the least. Giving a tax cut to the rich is the worst way to create more jobs.
It might help increase investment, but we don't really have a supply side problem at this point.
Thrawn369 3 months ago
@Thrawn369 President Clinton has said that we shouldn't be raising taxes on anybody right now.
MrSpencerport 3 months ago
@dangerouslytalented - Yes, but any jobs created is better than no jobs created, and more money in america is better than less money in america.
gamegeek2 3 months ago
@gamegeek2 That depends on where the money is. The last time this was attempted, there was a net loss of jobs, and where do they put the money? Into self inflating dirivitives, which actually feed inflation by driving prices up.
dangerouslytalented 3 months ago 2
@dangerouslytalented - There was? Hmm. Can you link me to some evidence? And, is that meaning a net loss of jobs in the US or overall in the world?
gamegeek2 3 months ago