85 people have as much money as half the world

161 replies
  • OFF TOPIC
  • |
The combined wealth of the world's richest 85 people is now equivalent to that owned by half of the world's population -- or 3.5 billion of the poorest people -- according to a new report from Oxfam.
85 people have as much money as half the world- MSN Money

Joe Mobley
  • Profile picture of the author whateverpedia
    Signature
    Why do garden gnomes smell so bad?
    So that blind people can hate them as well.
    {{ DiscussionBoard.errors[8937153].message }}
  • Profile picture of the author HeySal
    I don't mind that there are people in this world that have so much. What I mind is what they do to those who have less, and how most of them get their money in the first place.
    Signature

    Sal
    When the Roads and Paths end, learn to guide yourself through the wilderness
    Beyond the Path

    {{ DiscussionBoard.errors[8937215].message }}
    • Profile picture of the author tagiscom
      Originally Posted by HeySal View Post

      I don't mind that there are people in this world that have so much. What I mind is what they do to those who have less, and how most of them get their money in the first place.
      Oil is good Sal, it punishes the poor, and occasionally destroys the environment as well as keeping the rich and corrupt in power!

      As well as suppressing zero point energy systems, so it doesn't get a foothold, (like electricity did).


      We certainly can't have individuals being able to create their own electricity, instead of being held captive to greedy electricity company's and their price hikes!


      Shane
      {{ DiscussionBoard.errors[8937320].message }}
    • Profile picture of the author Kay King
      There are over 1400 billionaires in the world controlling 5.4 trillion dollars. Think about it - if you took all the money from all the billionaires in the world...you could pay off barely 1/3 of the US debt. The top 85 richest people have a lot of money - but they don't have enough to support 3.5 billion people.

      From worldbank.org:
      The extreme poor in Sub-Saharan Africa account for a third of the world's extreme poor (up from 11% in 1981). India contributes another third (up from 22% in 1981) and China is next with 13% (down from 43% in 1981).

      China improved its numbers greatly - by controlling population growth. Other countries aren't doing that - and their poverty numbers keep rising.

      World Population To Increase To 9.7B By 2050; India Will Overtake China As Most Populous Nation: New Study

      Africa to Record Largest Population Growth Over Next 40 Years
      Signature
      Saving one dog will not change the world - but the world changes forever for that one dog
      ***
      One secret to happiness is to let every situation be
      what it is instead of what you think it should be.
      {{ DiscussionBoard.errors[8937322].message }}
      • Profile picture of the author TimPhelan
        Sounds like a good idea to me.
        Originally Posted by Kay King View Post

        There are over 1400 billionaires in the world controlling 5.4 trillion dollars. Think about it - if you took all the money from all the billionaires in the world...you could pay off barely 1/3 of the US debt.
        Signature
        {{ DiscussionBoard.errors[8938489].message }}
        • Profile picture of the author Joe Mobley
          Originally Posted by Kay King View Post

          if you took all the money from all the billionaires in the world...you could pay off barely 1/3 of the US debt.
          Originally Posted by TimPhelan View Post

          Sounds like a good idea to me.
          Tim,

          I'm not understanding how taking from those who "have" and giving it to those who have failed to handle their finances is a good idea?

          Joe Mobley
          Signature

          .

          Follow Me on Twitter: @daVinciJoe
          {{ DiscussionBoard.errors[8938524].message }}
          • Profile picture of the author TimPhelan
            Look at it this way Joe, we wouldn't be giving it to those who failed to handle the US finances as you say ( politicians ), we would be paying off a huge amount, 1/3 of our debt, which some would say is a burden on our children and grandchildren. Hey, we could leave each of the 1400 with $10 million to get by and still have over $5.2 trillion. Of course I am being a little bit facetious here.
            Originally Posted by Joe Mobley View Post

            Tim,

            I'm not understanding how taking from those who "have" and giving it to those who have failed to handle their finances is a good idea?

            Joe Mobley
            Signature
            {{ DiscussionBoard.errors[8938611].message }}
            • Profile picture of the author seasoned
              Originally Posted by TimPhelan View Post

              Look at it this way Joe, we wouldn't be giving it to those who failed to handle the US finances as you say ( politicians ), we would be paying off a huge amount, 1/3 of our debt, which some would say is a burden on our children and grandchildren. Hey, we could leave each of the 1400 with $10 million to get by and still have over $5.2 trillion. Of course I am being a little bit facetious here.
              Well HEY, YOU could probably get by with less than $8000!

              Steve
              {{ DiscussionBoard.errors[8939343].message }}
            • Profile picture of the author Joe Mobley
              Originally Posted by TimPhelan View Post

              we wouldn't be giving it to those who failed to handle the US finances as you say
              Yes you would. Including, but not limited to politicians.

              Originally Posted by TimPhelan View Post

              we would be paying off a huge amount, 1/3 of our debt,
              Not my debt! I didn't want it. I didn't authorize it. I don't care if buyers of US Treasuries loses every damn cent. Not! My! Debt!!!

              Originally Posted by TimPhelan View Post

              Look at it this way Joe..
              No, let's not.

              Joe Mobley
              Signature

              .

              Follow Me on Twitter: @daVinciJoe
              {{ DiscussionBoard.errors[8939606].message }}
              • Profile picture of the author TimPhelan
                Oh, so you're not a citizen of the US anymore and don't vote? You don't care about the US debt?
                Originally Posted by Joe Mobley View Post



                Not my debt! I didn't want it. I didn't authorize it. I don't care if buyers of US Treasuries loses every damn cent. Not! My! Debt!!!


                Signature
                {{ DiscussionBoard.errors[8940661].message }}
                • Profile picture of the author Joe Mobley
                  Originally Posted by TimPhelan View Post

                  You don't care about the US debt?
                  Yes I do.

                  But in this case, I don't have to pay it off to get out from under it.

                  Joe Mobley
                  Signature

                  .

                  Follow Me on Twitter: @daVinciJoe
                  {{ DiscussionBoard.errors[8941684].message }}
          • Profile picture of the author candoit2
            Originally Posted by Joe Mobley View Post

            Tim,

            I'm not understanding how taking from those who "have" and giving it to those who have failed to handle their finances is a good idea?

            Joe Mobley

            They would fare just like they do when they win the lottery....broke again within a couple years and the billionaires would be billionaires again.
            Signature

            {{ DiscussionBoard.errors[8940459].message }}
        • Profile picture of the author Midnight Oil
          Originally Posted by TimPhelan View Post

          Sounds like a good idea to me.
          If it's such a good idea, why stop with the billionaires? Do your part. Take any money you may have, sell everything you own and send in your check for debt reduction. Lead by example.
          {{ DiscussionBoard.errors[8938605].message }}
      • Profile picture of the author kentah
        [DELETED]
        {{ DiscussionBoard.errors[8940506].message }}
  • Profile picture of the author derekwong28
    Honestly, I don't believe that so called statistic at all. We used hear before that one particular shipping magnate was richer than the rest of the people in Hong Kong put together. It turned out that he was not even the richest person in Hong Kong at that time or ever at all.
    Signature

    Do not get between a wombat and a chocolate biscuit; you will regret it dearly!

    {{ DiscussionBoard.errors[8937502].message }}
    • Profile picture of the author tagiscom
      Originally Posted by Kay King View Post

      There are over 1400 billionaires in the world controlling 5.4 trillion dollars. Think about it - if you took all the money from all the billionaires in the world...you could pay off barely 1/3 of the US debt. The top 85 richest people have a lot of money - but they don't have enough to support 3.5 billion people.

      From worldbank.org:
      The extreme poor in Sub-Saharan Africa account for a third of the world's extreme poor (up from 11% in 1981). India contributes another third (up from 22% in 1981) and China is next with 13% (down from 43% in 1981).

      China improved its numbers greatly - by controlling population growth. Other countries aren't doing that - and their poverty numbers keep rising.

      World Population To Increase To 9.7B By 2050; India Will Overtake China As Most Populous Nation: New Study

      Africa to Record Largest Population Growth Over Next 40 Years
      At least Bill Gates has done his bit, to help the poor generate electricity! Only trouble is you have to drink a lot to make it work!

      And in the meantime zero point energy is ignored! Too many oil sociopathic friends l guess? :rolleyes:


      Shane
      {{ DiscussionBoard.errors[8937541].message }}
      • Profile picture of the author Kay King
        As a response, sorry, that doesn't make a lot of sense.
        Signature
        Saving one dog will not change the world - but the world changes forever for that one dog
        ***
        One secret to happiness is to let every situation be
        what it is instead of what you think it should be.
        {{ DiscussionBoard.errors[8938333].message }}
  • Originally Posted by Joe Mobley View Post

    <sarcasm>Obviously, those 3.5 billion people are completely to blame. They haven't taken on enough personal responsibility.</sarcasm>
    Signature

    Bros find strictly platonic dudes on seekBromance.com
    _______________________________________________
    "It's pretty simple. You work hard, you believe anything is possible, and you try to make the world better."

    {{ DiscussionBoard.errors[8938635].message }}
    • Profile picture of the author Joe Mobley
      Originally Posted by Hopeless Bromantic View Post

      <sarcasm>Obviously, those 3.5 billion people are completely to blame. They haven't taken on enough personal responsibility.</sarcasm>
      Unfortunately, they rarely have taken on any personal responsibility.

      Joe Mobley
      Signature

      .

      Follow Me on Twitter: @daVinciJoe
      {{ DiscussionBoard.errors[8939583].message }}
      • Originally Posted by Joe Mobley View Post

        Unfortunately, they rarely have taken on any personal responsibility.

        Joe Mobley
        Joe, Joe, Joe. When you, your family, and your neighbors have never known any lifestyle other than subsistence farming, how far can you get with "personal responsibility?"
        Signature

        Bros find strictly platonic dudes on seekBromance.com
        _______________________________________________
        "It's pretty simple. You work hard, you believe anything is possible, and you try to make the world better."

        {{ DiscussionBoard.errors[8941075].message }}
  • Profile picture of the author seasoned
    You ever notice how MANY that are making up those statistics, etc... are FAR richer than average? HECK, do you think the average dictator, politician, star, Union boss, or CEO of a major company in say the forbes 3(or 1000), has a "net worth" of even under $2,000,000USD? I'm talking AVERAGE here! Most have FAR more, but does even one have less? And I am NOT counting side benefits, side deals, etc...

    SERIOUSLY! The likes of Bill Gates, Warren Buffet, etc... dare to tell the poor that I should go into debt because I(who has FAR less in "net worth" than they make in a month) should pay MORE!?!?!?!?!? THEY say **I** am not paying my "fair share"!?!?!?

    Steve
    {{ DiscussionBoard.errors[8938957].message }}
    • Profile picture of the author TimPhelan
      Seriously? Gates and Buffet said they want you to go into debt? I must have missed that because I have never heard either one say anything even remotely close to that.

      Originally Posted by seasoned View Post

      SERIOUSLY! The likes of Bill Gates, Warren Buffet, etc... dare to tell the poor that I should go into debt because I(who has FAR less in "net worth" than they make in a month) should pay MORE!?!?!?!?!? THEY say **I** am not paying my "fair share"!?!?!?

      Steve
      Signature
      {{ DiscussionBoard.errors[8940672].message }}
      • Profile picture of the author candoit2
        Originally Posted by TimPhelan View Post

        Seriously? Gates and Buffet said they want you to go into debt? I must have missed that because I have never heard either one say anything even remotely close to that.

        Not sure about them, but this guy does and he has over a billion.

        Signature

        {{ DiscussionBoard.errors[8940693].message }}
      • Profile picture of the author seasoned
        Originally Posted by TimPhelan View Post

        Seriously? Gates and Buffet said they want you to go into debt? I must have missed that because I have never heard either one say anything even remotely close to that.
        YEP, endless tax increases do that. Computers and some technology, ironically cost less. SOME is due to reduced R&D and automation, but other stuff is due to things like labor arbitrage(AKA OFF SHORE LABOR).

        Steve
        {{ DiscussionBoard.errors[8940726].message }}
        • Profile picture of the author TimPhelan
          Again, I have never heard either of them saying we should endlessly tax people into debt.
          Originally Posted by seasoned View Post

          YEP, endless tax increases do that.
          Signature
          {{ DiscussionBoard.errors[8940759].message }}
  • Profile picture of the author Floyd Fisher
    I'll tell you what...I'll worry about 85 people having as much money as half the world, when the rest of you in this thread share half of your wealth with Mexico.

    After all, whether you realize it or not, all of you in this room are in the top 15% globally wealth wise....so pay up, or shut up.
    {{ DiscussionBoard.errors[8939140].message }}
    • Profile picture of the author Mark Singletary
      Floyd, Floyd, Floyd. When will you learn?

      The ones that keep harping on this aren't interested in living on minimum wage themselves because they gave all their excess to those that need it. They are interested in taking OTHER people's money and giving it to the poor.

      They don't need to care about their fellow citizens themselves as long as the rich can be blamed for not caring for THEIR fellow citizens AND coughing up the cash.

      Mark

      Originally Posted by Floyd Fisher View Post

      I'll tell you what...I'll worry about 85 people having as much money as half the world, when the rest of you in this thread share half of your wealth with Mexico.

      After all, whether you realize it or not, all of you in this room are in the top 15% globally wealth wise....so pay up, or shut up.
      {{ DiscussionBoard.errors[8940730].message }}
  • Profile picture of the author seasoned
    BTW I am only in the top 17%, in the US! Buffet and Gates are in the top 1%, apparently.

    Steve
    {{ DiscussionBoard.errors[8939338].message }}
  • {{ DiscussionBoard.errors[8939609].message }}
    • Profile picture of the author Sumit Menon
      Originally Posted by TimPhelan View Post

      Sounds like a good idea to me.
      If you take away all the wealth from the billionaires to payoff government debt, who are going to run your industries?

      Originally Posted by Hopeless Bromantic View Post

      <sarcasm>Obviously, those 3.5 billion people are completely to blame. They haven't taken on enough personal responsibility.</sarcasm>
      There are two different categories in your 3.5 billion figure - On one hand we have in Asia and Africa, poor who have no access to basic education, housing, or jobs. On the other you have in the West, people who have access to better public education system than our private education system, a state housing system, welfare, and free healthcare.
      {{ DiscussionBoard.errors[8939782].message }}
      • Profile picture of the author TimPhelan
        Originally Posted by Sumit Menon View Post

        If you take away all the wealth from the billionaires to payoff government debt, who are going to run your industries?


        It was Kay's idea but my suggestion would be they can keep their job, if they do work now.
        Signature
        {{ DiscussionBoard.errors[8940657].message }}
        • Profile picture of the author Sumit Menon
          Originally Posted by TimPhelan View Post

          It was Kay's idea but my suggestion would be they can keep their job, if they do work now.
          Why would they want to if the government is going to take away whatever they make anyway? Might as well go to Switzerland and set up another company there.
          {{ DiscussionBoard.errors[8940765].message }}
          • Profile picture of the author Kay King
            I wasn't presenting an idea - just pointing the futility of expecting "the rich" to solve the problems of poverty and debt in the world. I found it a bit frightening to realize the entire wealth of "the rich" is so far below the debt hole we've dug for ourselves. It puts the amount of debt we are carrying (and continuing to add to) into perspective...for me.

            The global threat of increased poverty is not "the rich" - it's unregulated population growth. It's two faced pols who talk a good game but pass legislation and grant contracts that benefit their rich supporters.
            Signature
            Saving one dog will not change the world - but the world changes forever for that one dog
            ***
            One secret to happiness is to let every situation be
            what it is instead of what you think it should be.
            {{ DiscussionBoard.errors[8940888].message }}
            • Profile picture of the author TimPhelan
              I know you weren't actually presenting an idea here Kay. I was kidding. My point is that I look at that figure a little differently than you do. To me those 1400 people have a LOT of money and could make a significant dent into our debt, which was just the opposite of your reaction.

              Although I am actually against the government taking away all the wealth from billionaires to pay down the debt it's a better idea than cutting food stamps, unemployment insurance, medicare, social security etc... to pay down the debt imo.



              Originally Posted by Kay King View Post

              I wasn't presenting an idea - just pointing the futility of expecting "the rich" to solve the problems of poverty and debt in the world. I found it a bit frightening to realize the entire wealth of "the rich" is so far below the debt hole we've dug for ourselves. It puts the amount of debt we are carrying (and continuing to add to) into perspective...for me.

              The global threat of increased poverty is not "the rich" - it's unregulated population growth. It's two faced pols who talk a good game but pass legislation and grant contracts that benefit their rich supporters.
              Signature
              {{ DiscussionBoard.errors[8940913].message }}
              • Profile picture of the author Kay King
                When you take the money from the rich to provide more "social welfare" to the poor - what happens when the well runs dry?

                A better solution might be to combine the "social programs" under one umbrella - with clear qualification rules - with term limits on benefits (and exceptions, of course, for those who quality).

                We have added to and expanded and created new programs and it's a hot mess of need often undermined by waste and fraud. The costs will soon be unsupportable at the rate the numbers are rising.

                The Number Of US Citizens On Disability Is Now Larger Than The Population Of Greece | Zero Hedge

                Pointing at "the rich" doesn't help because at some point there won't be enough taxpayers to support those on public services. That's why I think we need to rethink and re-structure our social service programs to eliminate waste and fraud and to provide the best service possible for those who need it.

                There have been some experiments by states that should be a lesson...

                Maryland couldn't balance its budget in 2008, so the state tried to close the shortfall by fleecing the wealthy. Politicians in Annapolis created a millionaire tax bracket, raising the top marginal income-tax rate to 6.25%. And because cities such as Baltimore and Bethesda also impose income taxes, the state-local tax rate can go as high as 9.45%. Governor Martin O'Malley, a dedicated class warrior, declared that these richest 0.3% of filers were "willing and able to pay their fair share." The Baltimore Sun predicted the rich would "grin and bear it."

                One year later, nobody's grinning. One-third of the millionaires have disappeared from Maryland tax rolls. In 2008 roughly 3,000 million-dollar income tax returns were filed by the end of April. This year there were 2,000, which the state comptroller's office concedes is a "substantial decline." On those missing returns, the government collects 6.25% of nothing. Instead of the state coffers gaining the extra $106 million the politicians predicted, millionaires paid $100 million less in taxes than they did last year -- even at higher rates.
                One thing "rich people" have that "poor people" don't - is the funds to move somewhere else.
                Signature
                Saving one dog will not change the world - but the world changes forever for that one dog
                ***
                One secret to happiness is to let every situation be
                what it is instead of what you think it should be.
                {{ DiscussionBoard.errors[8941008].message }}
                • Profile picture of the author TimPhelan
                  Originally Posted by Kay King View Post

                  There have been some experiments by states that should be a lesson...


                  The first thing that came to my mind when reading what you quoted about the Maryland millionaire tax of 2008 and how there were fewer millionaire tax returns in 2009 was that the 2008-2009 period probably isn't a good time to use as an example because of the recession. Sure enough, it turns out that the reason revenues were down was largely because of the recession which makes sense:

                  the decrease in Maryland millionaire tax returns had less to do with millionaires leaving the state and more to do with the recession’s effect on their income. The institute gathered data from the Maryland Office of the Comptroller on millionaire tax returns from before and after Maryland's 2007 tax hike. Their findings showed that out of 3,837 less millionaire tax returns filed in 2008 compared to 2007, only 547 of them were due to state residency changes. The other 3,290 millionaires simply made less money during the recession and were therefore not subject to the millionaire tax.
                  Furthermore, other states have increased taxes on millionaires and revenue has gone up without having a huge exodus of millionaires:

                  studied the effects of New Jersey’s “half millionaire” tax that was passed in 2000. This “half millionaire” tax created a new tax bracket for those making over $500,000 a year. The study found that while some out-migration did occur, the increase in tax revenue more than made up for the losses. New Jersey lost $37.7 million in tax revenue after wealthy taxpayers left the state, but they gained over $1 billion in revenue from the tax increase. A similar study by the California Budget Project found that after the state passed a 1 percent surcharge on people making more than $1 million a year in 2005, the number of taxpayers with adjusted gross incomes of at least $1 million increased by nearly 38 percent.
                  State Millionaire Taxes - Are They Driving Out the Millionaires?
                  Signature
                  {{ DiscussionBoard.errors[8941184].message }}
              • Profile picture of the author seasoned
                Originally Posted by TimPhelan View Post

                I know you weren't actually presenting an idea here Kay. I was kidding. My point is that I look at that figure a little differently than you do. To me those 1400 people have a LOT of money and could make a significant dent into our debt, which was just the opposite of your reaction.

                Although I am actually against the government taking away all the wealth from billionaires to pay down the debt it's a better idea than cutting food stamps, unemployment insurance, medicare, social security etc... to pay down the debt imo.
                A number of them AREN'T EVEN AMERICAN! And WHY should they throw money down a toilet!?!?!?? BTW It would not make ANY difference to our debt! WHY do I say that? Because it ********NEVER******** has!

                You do *****NOT***** save a sinking ship by bailing water!!!!!!!!! HERE is how to save a sinking ship.

                1. Stop ALL people from adding weight and moving water into the boat! HECK, if too much is in the boat, GET RID OF IT!
                2. Plug ALL LEAKS!
                3. ******THEN****** bail the water out!

                What does the GOVERNMENT do?

                1. Add as MUCH debt as possible! Use money for elections, furnishings, etc... They will EVEN spend MILLIONS to update books even though the new ones have NO material benefit!
                2. Spend like there is no tomorrow!
                3. If they EVER reduce debt, it is by some incredibly minor amount! It OFTEN pales even to CURRENT NEW SPENDING!

                (TRUE STORY)HECK, a few years ago, my sump pump was going gang busters! It pumped out about 5 gallons, and then 3 gallons came RUSHING BACK which was added to the amount that came in, and then it pumped THAT out! WHAT TO DO!?!?!? Well, YEAH, I COULD have tried to raise the bar inside, so that it was maybe 2 gallons, instead of three, I could then have had the sump increased maybe to 10 gallons, and found a HUGE and POWERFUL sump pump and set it to be active for longer. It might have taken a few WEEKS(because of permits and demoing). The electric bills would go up the roof. At least there would be less waste.

                WHAT did I do? I bought a little <$5 valve and installed it where the old one was. The 3 gallons or so was reduced to maybe a quart. Electric bills went down, etc...

                IRONICALLY, earlier, my HEART had the SAME problem, and they fixed it in the SAME way! What happens WITHOUT that fix on people? The heart tries to compensate(It grows), the efficiency drops, and the person dies rather quickly!

                So the FIRST step to cutting back on debt(getting rid of water in the boat/house)? CUT BACK ON SPENDING(STOP ADDING NEW WATER)!

                Steve
                {{ DiscussionBoard.errors[8941477].message }}
  • Profile picture of the author TLTheLiberator
    As poor as many people in Africa and Asia are, I wouldn't be surprised if the numbers are correct.

    Income inequality in the USA hasn't been this bad since the times of the great depression. What a coincidence as we're still suffering from the great recession.
    Signature

    "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

    {{ DiscussionBoard.errors[8940419].message }}
    • Profile picture of the author seasoned
      Originally Posted by TLTheLiberator View Post

      As poor as many people in Africa and Asia are, I wouldn't be surprised if the numbers are correct.

      Income inequality in the USA hasn't been this bad since the times of the great depression. What a coincidence as we're still suffering from the great recession.
      In asia there are some VERY VERY VERY rich people also! Most people in Asia are poorer because they want it that way or the government restricts them! If they want it that way, YOU will destroy their society! If it is the GOVERNMENT, you will AGAIN hurt them. This has happened in Africa where some countries are ruled by a dictator and that DICTATOR gives the money to his army and friends!

      I have, for example, seen documentaries about people in china that have land, live in modest huts or whatever, and farm. The government causes them some strife by limiting resources, and what they can do with any goods, but they get by and don't seen to care that they aren't rich.

      As for Africa, there are STILL tribes. They have no need or desire for money. Heck, many sources of income have caused people in africa a lot of strife. They have been blamed with braking up families, etc...

      In a way, money is like the internet! In the 70s, many of you never really gave a second thought to computers. NO WAY! MANY companies did things on PAPER! THEN the internet was opened up, and SOME companies saw the potential, and decided to use it for some things. THEN, some young guy came up with a program to access documents remotely! The WWW was born, and *****THEN***** you hopped on! Over 2 DECADES after the birth of the micro computer. TWO *********DECADES*********! In fact, it was 2 DECADES after the INTERNET!

      NOW, a portion of the public thinks that the entirety of humanity that works should strive to give the entirety of humanity the internet. That means they must have infrastructure, business, computers, be literate, etc..... an endless slope because you FINALLY decided to hop on.

      AND, to FURTHER rub salt into the wound, MANY feel that companies should go into debt with no hope of profit to do this. MONEY is the SAME way. Like us, before the internet, they may have no real need for it. So WHAT if they hunt for food, and have a closed society, etc....

      WHO is to say that money isn't like the internet. YOU love it, and feel it is important, because you can buy tvs, food, cars, etc.... You want a society to have it so THEY can buy that stuff Much of it they probably couldn't buy anyway. Do they have cable in the deepest regions of asia of africa? Are there roads? Are there supermarkets?

      Steve
      {{ DiscussionBoard.errors[8940478].message }}
      • Profile picture of the author TLTheLiberator
        Originally Posted by seasoned View Post

        In asia there are some VERY VERY VERY rich people also! Most people in Asia are poorer because they want it that way or the government restricts them! If they want it that way, YOU will destroy their society! If it is the GOVERNMENT, you will AGAIN hurt them. This has happened in Africa where some countries are ruled by a dictator and that DICTATOR gives the money to his army and friends!

        I have, for example, seen documentaries about people in china that have land, live in modest huts or whatever, and farm. The government causes them some strife by limiting resources, and what they can do with any goods, but they get by and don't seen to care that they aren't rich.

        As for Africa, there are STILL tribes. They have no need or desire for money. Heck, many sources of income have caused people in africa a lot of strife. They have been blamed with braking up families, etc...

        In a way, money is like the internet! In the 70s, many of you never really gave a second thought to computers. NO WAY! MANY companies did things on PAPER! THEN the internet was opened up, and SOME companies saw the potential, and decided to use it for some things. THEN, some young guy came up with a program to access documents remotely! The WWW was born, and *****THEN***** you hopped on! Over 2 DECADES after the birth of the micro computer. TWO *********DECADES*********! In fact, it was 2 DECADES after the INTERNET!

        NOW, a portion of the public thinks that the entirety of humanity that works should strive to give the entirety of humanity the internet. That means they must have infrastructure, business, computers, be literate, etc..... an endless slope because you FINALLY decided to hop on.

        AND, to FURTHER rub salt into the wound, MANY feel that companies should go into debt with no hope of profit to do this. MONEY is the SAME way. Like us, before the internet, they may have no real need for it. So WHAT if they hunt for food, and have a closed society, etc....

        WHO is to say that money isn't like the internet. YOU love it, and feel it is important, because you can buy tvs, food, cars, etc.... You want a society to have it so THEY can buy that stuff Much of it they probably couldn't buy anyway. Do they have cable in the deepest regions of asia of africa? Are there roads? Are there supermarkets?

        Steve
        I'm not sure why you included me in the above.
        Signature

        "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

        {{ DiscussionBoard.errors[8940548].message }}
    • Profile picture of the author Floyd Fisher
      Originally Posted by TLTheLiberator View Post

      As poor as many people in Africa and Asia are, I wouldn't be surprised if the numbers are correct.

      Income inequality in the USA hasn't been this bad since the times of the great depression. What a coincidence as we're still suffering from the great recession.
      Not to get political on you, but do you even know how it got that way?
      {{ DiscussionBoard.errors[8940908].message }}
      • Profile picture of the author seasoned
        Originally Posted by Floyd Fisher View Post

        Not to get political on you, but do you even know how it got that way?
        I DO, but YOU don't want to hear it! AGAIN, if YOU were right in what you claimed, even like 1 *****FIFTH***** of what you claimed, the situation would be MUCH better. In real terms, it is WORSE! And all the government presents in its defense are LIES!!!!!!

        Steve
        {{ DiscussionBoard.errors[8941444].message }}
        • Profile picture of the author Floyd Fisher
          Originally Posted by seasoned View Post

          I DO, but YOU don't want to hear it! AGAIN, if YOU were right in what you claimed, even like 1 *****FIFTH***** of what you claimed, the situation would be MUCH better. In real terms, it is WORSE! And all the government presents in its defense are LIES!!!!!!

          Steve
          Tell me something Steve.

          If you hand over all your money to people like Steve Jobs and Bill Gates, and kept nothing for yourself, who is going to have all the money?

          Chew on that for awhile, and you will understand where I'm coming from.
          {{ DiscussionBoard.errors[8941634].message }}
          • Profile picture of the author seasoned
            Originally Posted by Floyd Fisher View Post

            Tell me something Steve.

            If you hand over all your money to people like Steve Jobs and Bill Gates, and kept nothing for yourself, who is going to have all the money?

            Chew on that for awhile, and you will understand where I'm coming from.
            HUH!?!?!?!?!? That is a NON sequitor!!!!!!!!!!!!! If I gave money to jobs or gates, they may give it to still others but it would end up costing LESS than paying it to the government!!!!!!!!

            YES, YOU READ RIGHT! Paying a trillion to gates or jobs would cost LESS than paying a trillion to the US government! WHY?

            Gates or jobs might pay others, but that is IT! Paying the government is BOUND to increase expenses even MORE, as it has throughout history.

            CHEW ON THAT!

            Steve
            {{ DiscussionBoard.errors[8941728].message }}
            • Profile picture of the author Floyd Fisher
              Originally Posted by seasoned View Post

              HUH!?!?!?!?!? That is a NON sequitor!!!!!!!!!!!!! If I gave money to jobs or gates, they may give it to still others but it would end up costing LESS than paying it to the government!!!!!!!!

              YES, YOU READ RIGHT! Paying a trillion to gates or jobs would cost LESS than paying a trillion to the US government! WHY?

              Gates or jobs might pay others, but that is IT! Paying the government is BOUND to increase expenses even MORE, as it has throughout history.

              CHEW ON THAT!

              Steve
              Steve:

              Weath inequity happens when ordinary people don't put aside money for the purpose of investing....often called 'saving'.

              Study personal savings rates vs wealth inequity...they shadow each other, and it's not even debatable.
              {{ DiscussionBoard.errors[8941762].message }}
      • Profile picture of the author TLTheLiberator
        Originally Posted by Floyd Fisher View Post

        Not to get political on you, but do you even know how it got that way?

        Just off the top of my head...

        In the USA, some of the reasons for the record income inequality...


        - The top tax rates being cut by about half since 1960:

        From 1940s until 1960 the top tax rate was 90%, then dropped to 70% then in the 1980s it was lowered to about 38%.

        - Income from investment income being taxed at a lower rate than ordinary income:

        Someone like Warren Buffet pays a lower tax rate on his investment income than his secretary pays for ordinary income.

        - Wages not keeping up with inflation and actual productivity of workers.



        Pulitzer Prize-winning journalist David Cay Johnston says the incomes of the bottom 90 percent of Americans, after being adjusted for inflation, grew by only $59 on average between 1966 and 2011, over the same period the average income of the top 10 percent of Americans grew by $116,071.

        According to an article from the NY Times...
        http://www.nytimes.com/2013/01/13/su...-stagnate.html

        "From 1973 to 2011, worker productivity grew 80 percent, ...

        ...while median hourly compensation, after inflation, grew by just one-eighth that amount,...

        ... according to the Economic Policy Institute, a liberal research group.

        And since 2000, productivity has risen 23 percent while real hourly pay has essentially stagnated."

        I hear if wages would have kept up with Mr. Inflation and Mr. productivity the average salary in the USA would be more like 70K per year instead of around 35-40K.

        Looks like wage theft on a massage scale to me.
        Signature

        "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

        {{ DiscussionBoard.errors[8942928].message }}
        • Profile picture of the author Sumit Menon
          Originally Posted by TLTheLiberator View Post

          Just off the top of my head...

          In the USA, some of the reasons for the record income inequality...


          - The top tax rates being cut by about half since 1960:

          From 1940s until 1960 the top tax rate was 90%, then dropped to 70% then in the 1980s it was lowered to about 38%.

          - Income from investment income being taxed at a lower rate than ordinary income:

          Someone like Warren Buffet pays a lower tax rate on his investment income than his secretary pays for ordinary income.

          - Wages not keeping up with inflation and actual productivity of workers.



          Pulitzer Prize-winning journalist David Cay Johnston says the incomes of the bottom 90 percent of Americans, after being adjusted for inflation, grew by only $59 on average between 1966 and 2011, over the same period the average income of the top 10 percent of Americans grew by $116,071.

          According to an article from the NY Times...
          http://www.nytimes.com/2013/01/13/su...-stagnate.html

          "From 1973 to 2011, worker productivity grew 80 percent, ...

          ...while median hourly compensation, after inflation, grew by just one-eighth that amount,...

          ... according to the Economic Policy Institute, a liberal research group.

          And since 2000, productivity has risen 23 percent while real hourly pay has essentially stagnated."

          I hear if wages would have kept up with Mr. Inflation and Mr. productivity the average salary in the USA would be more like 70K per year instead of around 35-40K.

          Looks like wage theft on a massage scale to me.
          1960-70s coincides with the arrival of MSICs and personal computers - Information Age. I don't know how labor productivity is measured, but I'm willing to bet much of the productivity increase is due to the different technology people had access to at work.
          {{ DiscussionBoard.errors[8943041].message }}
          • Profile picture of the author TLTheLiberator
            Originally Posted by Sumit Menon View Post

            1960-70s coincides with the arrival of MSICs and personal computers - Information Age. I don't know how labor productivity is measured, but I'm willing to bet much of the productivity increase is due to the different technology people had access to at work.
            In any event, folks have not been compensated in any meaningful way for the increased output and also wages have not kept up with inflation.

            Are you also saying workers don't deserve a share?
            Signature

            "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

            {{ DiscussionBoard.errors[8943169].message }}
            • Profile picture of the author Joe Mobley
              Originally Posted by TLTheLiberator View Post

              Are you also saying workers don't deserve a share?
              Workers deserve to be compensated for what they agreed to work for.

              Joe Mobley
              Signature

              .

              Follow Me on Twitter: @daVinciJoe
              {{ DiscussionBoard.errors[8943219].message }}
            • Profile picture of the author Dan Riffle
              Originally Posted by TLTheLiberator View Post

              In any event, folks have not been compensated in any meaningful way for the increased output and also wages have not kept up with inflation.

              Are you also saying workers don't deserve a share?
              A business owner finds innovative ways to increase efficiency and make workers' jobs easier, safer and more productive. I don't see where the worker has increased value to the company, thus earning a higher wage.

              The worker's share is their agreed upon wage. A non-owner of a business has no right - none - to a share of increased profits, be they in raw dollars or as a percent of revenue. Profit sharing is at the sole discretion of the busines owner who took the risk to start the business and the risk to develop the various innovations that increased productivity in the first place.

              If a worker doesn't think this to be fair, they are welcome to start their own company.
              Signature

              Raising a child is akin to knowing you're getting fired in 18 years and having to train your replacement without actively sabotaging them.

              {{ DiscussionBoard.errors[8943229].message }}
            • Profile picture of the author Sumit Menon
              Originally Posted by TLTheLiberator View Post

              In any event, folks have not been compensated in any meaningful way for the increased output and also wages have not kept up with inflation.

              Are you also saying workers don't deserve a share?
              I'm saying no such thing. I'm saying, that statistic is insignificant.
              {{ DiscussionBoard.errors[8943234].message }}
              • Profile picture of the author TLTheLiberator
                Originally Posted by Sumit Menon View Post

                I'm saying no such thing. I'm saying, that statistic is insignificant.

                You are entitled.

                Not in the USA, it seems to be a major component of a much better standard of living for the populace.

                Over here in the USA, when wages paralleled inflation and productivity the population had a much higher standard of living.
                Signature

                "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

                {{ DiscussionBoard.errors[8943320].message }}
                • Profile picture of the author Sumit Menon
                  Originally Posted by TLTheLiberator View Post

                  You are entitled.

                  Not in the USA, it seems to be a major component of a much better standard of living for the populace.

                  Over here in the USA, when wages paralleled inflation and productivity the population had a much higher standard of living.
                  I would imagine so. But times have changed.

                  Here's what I think is causing the wealth inequality. Capitalists have moved much of their capital over from USA to Asia for cheap labor. IBM, for example, has more Indian employees than American. The capitalists are still making their profits, but there are not as many jobs left in the USA as there used to be. Thus, the rich have stayed richer and the poor have gotten poorer. Wages too have gone down due to supply-side problems created by technology and outsourcing of jobs.
                  {{ DiscussionBoard.errors[8943428].message }}
                  • Profile picture of the author Kay King
                    For example if the company was netting $100 per employee per day and the company is now making $150 per employee per day, I believe the worker should get some of that.
                    And if new equipment or systems or software made that increase possible - should the employees pay a share of that cost? If not, why would they deserve a share of profit resulting from that investment by the employer?

                    The theory sounds fair until you realize any employee who can increase productivity in his job by 50% - wasn't working hard enough to begin with.
                    Signature
                    Saving one dog will not change the world - but the world changes forever for that one dog
                    ***
                    One secret to happiness is to let every situation be
                    what it is instead of what you think it should be.
                    {{ DiscussionBoard.errors[8943473].message }}
                  • Profile picture of the author TLTheLiberator
                    Originally Posted by Sumit Menon View Post

                    I would imagine so. But times have changed.

                    Here's what I think is causing the wealth inequality. Capitalists have moved much of their capital over from USA to Asia for cheap labor. IBM, for example, has more Indian employees than American. The capitalists are still making their profits, but there are not as many jobs left in the USA as there used to be. Thus, the rich have stayed richer and the poor have gotten poorer. Wages too have gone down due to supply-side problems created by technology and outsourcing of jobs.
                    Attitudes have changed also and that change in attitudes - especially from the USA federal gov, IMHO is the reason for the decline.
                    Signature

                    "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

                    {{ DiscussionBoard.errors[8943588].message }}
                  • Profile picture of the author TimPhelan
                    I think that's a part of it Sumit. Floyd is also right about saving and I see the credit card industry having a huge effect on this aspect of the situation. Plus TL made some good points. It's a complicated issue and I think anyone really interested in seeing the US do well would want to see the trend towards increased income inequality addressed and reversed. Even the rich, because when you have a large middle class you have more consumers who create more profits.



                    Originally Posted by Sumit Menon View Post

                    Here's what I think is causing the wealth inequality. Capitalists have moved much of their capital over from USA to Asia for cheap labor. IBM, for example, has more Indian employees than American. The capitalists are still making their profits, but there are not as many jobs left in the USA as there used to be. Thus, the rich have stayed richer and the poor have gotten poorer. Wages too have gone down due to supply-side problems created by technology and outsourcing of jobs.
                    Signature
                    {{ DiscussionBoard.errors[8946789].message }}
                    • Profile picture of the author Dan Riffle
                      Originally Posted by TimPhelan View Post

                      Even the rich, because when you have a large middle class you have more consumers who create more profits.

                      So, now you want the rich to get richer? :confused::rolleyes:
                      Signature

                      Raising a child is akin to knowing you're getting fired in 18 years and having to train your replacement without actively sabotaging them.

                      {{ DiscussionBoard.errors[8946813].message }}
            • Profile picture of the author Joe Mobley
              Originally Posted by TLTheLiberator View Post

              Are you also saying workers don't deserve a share?
              When I see the word "deserve" being thrown around, I do a quick double-take and see if "entitlement" is really the idea being promoted.

              Are you saying that workers aren't entitled to a share?
              That's correct. They are not.

              Joe Mobley
              Signature

              .

              Follow Me on Twitter: @daVinciJoe
              {{ DiscussionBoard.errors[8943244].message }}
              • Profile picture of the author TLTheLiberator
                Originally Posted by Joe Mobley View Post

                When I see the word "deserve" being thrown around, I do a quick double-take and see if "entitlement" is really the idea being promoted.

                That's correct. They are not.

                Joe Mobley
                You folks can get caught up in semantics if you like.

                I was talking about deserving a share of the extra profits they helped create.

                For example if the company was netting $100 per employee per day and the company is now making $150 per employee per day, I believe the worker should get some of that.

                But that's just me.
                Signature

                "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

                {{ DiscussionBoard.errors[8943306].message }}
                • Profile picture of the author Dan Riffle
                  Originally Posted by TLTheLiberator View Post

                  You folks can get caught up in semantics if you like.

                  I was talking about deserving a share of the extra profits they helped create.

                  For example if the company was netting $100 per employee per day and the company is now making $150 per employee per day, I believe the worker should get some of that.

                  But that's just me.
                  In your example, what is the employee doing to increase the "net" from $100 to $150? Is this directly due to the work of every employee or is it due to something the owner did?
                  Signature

                  Raising a child is akin to knowing you're getting fired in 18 years and having to train your replacement without actively sabotaging them.

                  {{ DiscussionBoard.errors[8943329].message }}
                  • Profile picture of the author TLTheLiberator
                    Originally Posted by Dan Riffle View Post

                    In your example, what is the employee doing to increase the "net" from $100 to $150? Is this directly due to the work of every employee or is it due to something the owner did?
                    I guess that would matter depending on the owner.
                    Signature

                    "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

                    {{ DiscussionBoard.errors[8943368].message }}
                    • Profile picture of the author Dan Riffle
                      Originally Posted by TLTheLiberator View Post

                      I guess that would matter depending on the owner.
                      So, in your words, regardless of who drove the increased profit, you think employees, who have taken zero risk, should be entitled to a share?
                      Signature

                      Raising a child is akin to knowing you're getting fired in 18 years and having to train your replacement without actively sabotaging them.

                      {{ DiscussionBoard.errors[8943391].message }}
                      • Profile picture of the author TLTheLiberator
                        Originally Posted by Dan Riffle View Post

                        So, in your words, regardless of who drove the increased profit, you think employees, who have taken zero risk, should be entitled to a share?

                        Yes, some owners are happy to share what they can in additional profits with their employees - no matter how the company came about said profits.

                        After all, the workers are helping the owner increase his wealth etc. and of course the owners are helping folks provide etc.

                        Note: Those are my personal feeling on the matter and I would not be in favor of legislation mandating profit sharing etc.

                        I was with a couple of really nice companies from about 1977 until I left the workforce in 1997.

                        And I'd gather the same folks that disagree with what I've said above are also...

                        - Against the min wage:

                        - Don't mind the fact that there are 3 people searching for every 1 job opening:

                        - Probably anti-union:

                        - Hate workers in general:

                        - Against any national economic initiatives:

                        - Believe if you shovel more and more money at the rich, it will trickle down to the general population leading to prosperity.

                        - The so-call free-market is their God: Which actually means letting large corps run wild in their treatment of workers and consumers.

                        - Don't believe in progressive taxation:

                        - Deregulation: Let business write its own rules.

                        - Harp of small time and small money freeloaders but have nothing to say regarding the big time and big money free loaders.

                        - Americans have been coddled long enough and even need a heavy dose of tough love.

                        (even after the destruction of the great recession)

                        - Income from investments is deserving of better tax treatment than ordinary income.

                        - Hate the ACA:

                        The Independents:

                        - If they're not clearly in the camp of the party on the right, they like to pretend both parties are the same in their goals, rhetoric, substance and actual historic economic performance while in power.

                        But the interesting thing is with most of them - most of their attitudes mirror the party on the right although they claim to be independent.



                        As you can see Dan, its a whole mindset and unfortunately, (after a great 30 year run of the opposite economic philosophy)...

                        ...that mindset (yours) has dominated this great country for the last 30 years which has also coincided with the downward economic fortunes of average Americans.


                        And historically, your economic philosophy has received a real arse-kicking verses my mindset (which is the opposite)...

                        ...when it comes to who does better for the living standards of the American people.


                        It's not even close.

                        All the major standard of living indicators are much better with my set of attitudes and I finally have plenty of evidence to prove it.
                        Signature

                        "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

                        {{ DiscussionBoard.errors[8943601].message }}
                        • Profile picture of the author Dan Riffle
                          Originally Posted by TLTheLiberator View Post

                          Yes, some owners are happy to share what they can in additional profits with their employees - no matter how the company came about said profits.
                          That's nice, but I didn't ask you what some owners are happy to do. I asked if, regardless of who drove the increased profit, you think employees, who have taken zero risk, should be entitled to a share?

                          What some owners do is irrelevant to my question. It's their perogative to do what they want with their profits. That wasn't the discussion.

                          The rest of your post is just an attempt at obfuscation.
                          Signature

                          Raising a child is akin to knowing you're getting fired in 18 years and having to train your replacement without actively sabotaging them.

                          {{ DiscussionBoard.errors[8943641].message }}
                          • Profile picture of the author MikeAmbrosio
                            Originally Posted by TLTheLiberator
                            Yes, some owners are happy to share what they can in additional profits with their employees - no matter how the company came about said profits.
                            Bonuses and profit sharing. Many companies already do this. But it's not an entitlement.
                            Signature

                            Are you protecting your on line business? If you have a website, blog, ecommerce store you NEED to back it up regularly. Your webhost will only protect you so much. Check out Quirkel. Protect yourself.

                            {{ DiscussionBoard.errors[8943680].message }}
                          • Profile picture of the author TLTheLiberator
                            Originally Posted by Dan Riffle View Post

                            That's nice, but I didn't ask you what some owners are happy to do. I asked if, regardless of who drove the increased profit, you think employees, who have taken zero risk, should be entitled to a share?

                            What some owners do is irrelevant to my question. It's their perogative to do what they want with their profits. That wasn't the discussion.

                            The rest of your post is just an attempt at obfuscation.
                            OK, I meant to say yes.

                            Is that clear enough?

                            I also said its up to the owners and wouldn't want it legislated.

                            The rest of my post, details (IMHO) the kaleidoscope of twisted, non-productive/nation killing/poverty inducing/worker crushing /standard of living squeezing economic attitudes running rampant in a large percentage of minds in American.

                            Let's just call it trickle down economics or supply side economics.

                            Its what got us into this mess and logistically, it couldn't possibly get us out of this mess.

                            Is that clear enough?
                            Signature

                            "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

                            {{ DiscussionBoard.errors[8943695].message }}
                            • Profile picture of the author Dan Riffle
                              Originally Posted by TLTheLiberator View Post

                              OK, I meant to say yes.

                              Is that clear enough?

                              I also said its up to the owners and wouldn't want it legislated.

                              The rest of my post, details (IMHO) the kaleidoscope of twisted, non-productive/nation killing/poverty inducing/worker crushing /standard of living squeezing economic attitudes running rampant in a large percentage of minds in American.

                              Let's just call it trickle down economics or supply side economics.

                              Its what got us into this mess and logistically, it couldn't possibly get us out of this mess.

                              Is that clear enough?
                              So, while you wouldn't want it legislated, you believe that an employee, without adding any additional value or taking any risk - doing anything other than they've been doing - is entitled or deserving of a share of profits, profits taken out of the hands of the owner and the mouths of the owner's family. The owner doesn't derserve those profits even though they've taken 100% of the risk, injected their own capital (usually damn near all of it), encumbered their personal assets, and worked themselves to the bone, often at the detriment of their familes.

                              That, my friend, is the very definition of greed that you love to talk about.

                              As for the rest of your post, conjecture and opinion.
                              Signature

                              Raising a child is akin to knowing you're getting fired in 18 years and having to train your replacement without actively sabotaging them.

                              {{ DiscussionBoard.errors[8943715].message }}
                              • Profile picture of the author TLTheLiberator
                                Originally Posted by Dan Riffle View Post

                                So, while you wouldn't want it legislated, you believe that an employee, without adding any additional value or taking any risk - doing anything other than they've been doing - is entitled or deserving of a share of profits, profits taken out of the hands of the owner and the mouths of the owner's family. The owner doesn't derserve those profits even though they've taken 100% of the risk, injected their own capital (usually damn near all of it), encumbered their personal assets, and worked themselves to the bone, often at the detriment of their familes.

                                That, my friend, is the very definition of greed that you love to talk about.

                                As for the rest of your post, conjecture and opinion.
                                You are entitled.

                                As for the rest of my post, why not inform me if I'm wrong about you on any of those attitudes on the long list I posted?

                                The list is not just for you, its also for...

                                Kay, Steve, Seasons, Midnight Oil, Mike Am, Joe Mobely and of course ThomM.

                                If I forgot anyone, you know who you are, so please chime in with your objections.

                                All you need to do is cut and paste an item with a simply explanation as to how I'm wrong OK?

                                OK, who can come out publicly and say they hate workers? Ok, that was a little much.


                                BTW...

                                Who Has a Better USA Economic Track Record??? Going back to 1910:

                                As to the matter of my economic philosophy historically doing a whole lot better for the American people than yours - which you called conjecture and opinion...

                                ... is now an established fact. (for folks interested in facts)

                                Someone finally did all the necessary research and put it all together.

                                The research is contained in this book here.

                                They're Not Even Close: The Democratic vs....They're Not Even Close: The Democratic vs....

                                I just got it in today and it details how we're way, way, way better than the other side when it comes to...

                                - GDP growth
                                - personal income growth
                                - stock market growth (this one surprised me but I should have known better)
                                - job growth
                                - Cutting poverty rates
                                - Keeping unemployment lower
                                - Keeping inflation in check better

                                And more!

                                But the other side (yours I gather) is better when it comes to...

                                - poverty rate increases
                                - national debt increases
                                - generation of all sorts of debt in the society, public and private
                                - Cutting tax rates for the wealthy
                                - Hiring fed gov employees (this one surprised me but I should have known)
                                - Fed gov spending


                                * Not only are you not close to being as good, you folks have been a downright disaster for the American economy.
                                " "
                                - National economic calamities:

                                * The two most horrible economic calamities in USA history happened while the other side was in control of the WH - the great depression and the great recession.




                                Details to come in soon.
                                Signature

                                "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

                                {{ DiscussionBoard.errors[8944065].message }}
                                • Profile picture of the author seasoned
                                  Originally Posted by TLTheLiberator View Post

                                  You are entitled.

                                  As for the rest of my post, why not inform me if I'm wrong about you on any of those attitudes on the long list I posted?

                                  The list is not just for you, its also for...

                                  Kay, Steve, Seasons, Midnight Oil, Mike Am, Joe Mobely and of course ThomM.

                                  If I forgot anyone, you know who you are, so please chime in with your objections.

                                  All you need to do is cut and paste an item with a simply explanation as to how I'm wrong OK?

                                  OK, who can come out publicly and say they hate workers? Ok, that was a little much.


                                  BTW...

                                  Who Has a Better USA Economic Track Record??? Going back to 1910:

                                  As to the matter of my economic philosophy historically doing a whole lot better for the American people than yours - which you called conjecture and opinion...

                                  ... is now an established fact. (for folks interested in facts)

                                  Someone finally did all the necessary research and put it all together.

                                  The research is contained in this book here.

                                  They're Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010: Eric Zuesse: 9781880026090: Amazon.com: Books


                                  I just got it in today and it details how we're way, way, way better than the other side when it comes to...

                                  - GDP growth
                                  - personal income growth
                                  - stock market growth (this one surprised me but I should have known better)
                                  - job growth
                                  - Cutting poverty rates
                                  - Keeping unemployment lower
                                  - Keeping inflation in check better

                                  And more!

                                  But the other side (yours I gather) is better when it comes to...

                                  - poverty rate increases
                                  - national debt increases
                                  - generation of all sorts of debt in the society, public and private
                                  - Cutting tax rates for the wealthy
                                  - Hiring fed gov employees (this one surprised me but I should have known)
                                  - Fed gov spending


                                  * Not only are you not close to being as good, you folks have been a downright disaster for the American economy.
                                  " "
                                  - National economic calamities:

                                  * The two most horrible economic calamities in USA history happened while the other side was in control of the WH - the great depression and the great recession.




                                  Details to come in soon.
                                  If you are talking about the recession I THINK you are: Congressional Profiles | US House of Representatives: History, Art & Archives

                                  And one guy that says he is not responsible stayed around to put another nail in the coffin!

                                  BTW I heard about a company today. They have been in the news a LOT, but LISTEN!

                                  NICE working conditions!
                                  LOTS of time off.
                                  STARTING pay of over $14/hour!!!!!!
                                  INSURANCE! (more on this later).
                                  Aw heck, let's just say I wished I had been working there 30+ years ago, though I don't know if they were around.

                                  ALAS, they are CHRISTIAN. They stand by their beliefs, so there are FOUR drugs they do NOT want their insurance to cover! It is their first amendment RIGHT! MOST of their employees likely agree!

                                  GET THIS! The government has DEMANDED that they provide *****NO***** insurance for their employees! Oh SURE, they will pay a $2000 charge/ PER EMPLOYEE, but the fine for providing insurance(NOT INCLUDING THE COST OF THE INSURANCE) is $38,000 PER EMPLOYEE PER YEAR!!!!!! The STARTING PAY, before this garbage, was probably only $28560/year! OH YEAH, there IS one way they could avoid the charges! They could pay their employees only $21112/year(And purchase NO INSURANCE)!

                                  YEP, those ideas will help the employees get out of poverty REAL QUICK!

                                  BTW productivity does NOT cover just american employees! It also covers computers, and foreign workers. Gee, on pawn stars one major feature that an appraiser used to brand an antique american object a fake was the mold seam. He said americans HAD too much pride to be so careless!

                                  Steve
                                  {{ DiscussionBoard.errors[8944257].message }}
                                • Profile picture of the author Dan Riffle
                                  Originally Posted by TLTheLiberator View Post

                                  You are entitled.

                                  As for the rest of my post, why not inform me if I'm wrong about you on any of those attitudes on the long list I posted?

                                  The list is not just for you, its also for...

                                  Kay, Steve, Seasons, Midnight Oil, Mike Am, Joe Mobely and of course ThomM.

                                  If I forgot anyone, you know who you are, so please chime in with your objections.

                                  All you need to do is cut and paste an item with a simply explanation as to how I'm wrong OK?

                                  OK, who can come out publicly and say they hate workers? Ok, that was a little much.


                                  BTW...

                                  Who Has a Better USA Economic Track Record??? Going back to 1910:

                                  As to the matter of my economic philosophy historically doing a whole lot better for the American people than yours - which you called conjecture and opinion...

                                  ... is now an established fact. (for folks interested in facts)

                                  Someone finally did all the necessary research and put it all together.

                                  The research is contained in this book here.

                                  They're Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010: Eric Zuesse: 9781880026090: Amazon.com: Books


                                  I just got it in today and it details how we're way, way, way better than the other side when it comes to...

                                  - GDP growth
                                  - personal income growth
                                  - stock market growth (this one surprised me but I should have known better)
                                  - job growth
                                  - Cutting poverty rates
                                  - Keeping unemployment lower
                                  - Keeping inflation in check better

                                  And more!

                                  But the other side (yours I gather) is better when it comes to...

                                  - poverty rate increases
                                  - national debt increases
                                  - generation of all sorts of debt in the society, public and private
                                  - Cutting tax rates for the wealthy
                                  - Hiring fed gov employees (this one surprised me but I should have known)
                                  - Fed gov spending


                                  * Not only are you not close to being as good, you folks have been a downright disaster for the American economy.
                                  " "
                                  - National economic calamities:

                                  * The two most horrible economic calamities in USA history happened while the other side was in control of the WH - the great depression and the great recession.




                                  Details to come in soon.
                                  If your economic policies are based on a business owner risking everything in order to give his profits to workers who haven't done anything to earn it other than to show up, I highly doubt your policies would work for long.

                                  As for your questions, I guess I'll play:

                                  - Against the min wage: (I'm not against a minimum wage)

                                  - Don't mind the fact that there are 3 people searching for every 1 job opening: (Dems da breaks.)

                                  - Probably anti-union: (Yes, I'm fairly anti-union. The courts can handle these issues.)

                                  - Hate workers in general: (Yes, I hate workers. Absolutely detest them. I wish I could throw them all in a hole and set them on fire. :rolleyes: This is such an ignorant hypothesis that it's contemptible.)

                                  - Against any national economic initiatives: (Nope.)

                                  - Believe if you shovel more and more money at the rich, it will trickle down to the general population leading to prosperity. (Nope. I believe in letting everyone keep more of their money.)

                                  - The so-call free-market is their God: Which actually means letting large corps run wild in their treatment of workers and consumers. (Ridiculous statement not worthy of a response.)

                                  - Don't believe in progressive taxation: (I'm fine with a reasonable progression.)

                                  - Deregulation: Let business write its own rules. (I don't think deregulation = let businesses write own rules. Additionally, it depends on the industry and amount of regulation. Case by case basis.)

                                  - Harp of small time and small money freeloaders but have nothing to say regarding the big time and big money free loaders. (Set all of them on fire, but I get to set the definition of each group.)

                                  - Americans have been coddled long enough and even need a heavy dose of tough love. (Actually, yes, generally speaking.)

                                  (even after the destruction of the great recession)

                                  - Income from investments is deserving of better tax treatment than ordinary income. (Actually, it depends. I do think local and state muni bonds should be untaxed.)

                                  - Hate the ACA: (Undecided, leaning toward a fervent dislike.)


                                  As for your little book written by someone whose background is virtually impossible to discern, I offer:


                                  Are Democrats Really Better at Running the Economy Than Republicans? - Jordan Weissmann - The Atlantic

                                  Why Does the Economy Do Better Under Democratic Presidents than Republican Ones? | National Review Online (I threw in NR just to ruffle your feathers)

                                  New study confirms economy was destroyed by Democrat policies - National Conservative | Examiner.com
                                  Signature

                                  Raising a child is akin to knowing you're getting fired in 18 years and having to train your replacement without actively sabotaging them.

                                  {{ DiscussionBoard.errors[8944261].message }}
                                • Profile picture of the author Midnight Oil
                                  Originally Posted by TLTheLiberator View Post

                                  As for the rest of my post, why not inform me if I'm wrong about you on any of those attitudes on the long list I posted?

                                  The list is not just for you, its also for...

                                  Kay, Steve, Seasons, Midnight Oil, Mike Am, Joe Mobely and of course ThomM.

                                  All you need to do is cut and paste an item with a simply explanation as to how I'm wrong OK?
                                  Why don't you instead explain exactly how you came to the conclusion that I hate workers?
                                  {{ DiscussionBoard.errors[8944426].message }}
                                  • Profile picture of the author ThomM
                                    Originally Posted by Midnight Oil View Post

                                    Why don't you instead explain exactly how you came to the conclusion that I hate workers?
                                    It's called liberal logic. Rarely accurate, but always amusing
                                    Signature

                                    Life: Nature's way of keeping meat fresh
                                    Getting old ain't for sissy's
                                    As you are I was, as I am you will be
                                    You can't fix stupid, but you can always out smart it.

                                    {{ DiscussionBoard.errors[8944882].message }}
                                  • Profile picture of the author TLTheLiberator
                                    Originally Posted by Midnight Oil View Post

                                    Why don't you instead explain exactly how you came to the conclusion that I hate workers?
                                    Alright, alright, but I also said in the same post...

                                    "OK, who can come out publicly and say they hate workers?

                                    Ok, that was a little much."


                                    I want to thank Steve from Idaho and Dan for responding and accepting the challenge - so that we can engage.

                                    I'd would also love to thank you.
                                    Signature

                                    "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

                                    {{ DiscussionBoard.errors[8944909].message }}
                                    • Profile picture of the author Midnight Oil
                                      Originally Posted by TLTheLiberator View Post

                                      Alright, alright, but I also said in the same post...
                                      That was the second time you posted it. Try to backpedal all you want, but it's clear your message is that I, and others on your silly list of names, hate workers.

                                      Originally Posted by TLTheLiberator View Post

                                      I want to thank Steve from Idaho and Dan for responding and accepting the challenge - so that we can engage.
                                      I've questioned your attempt to "engage" in the past. It isn't about an honest conversation. It's more about personal attacks on those you disagree with. As I've told you before, it really isn't that hard to miss.

                                      As for your "challenge," it was

                                      Originally Posted by TLTheLiberator View Post

                                      inform me if I'm wrong about you on any of those attitudes on the long list I posted.

                                      All you need to do is cut and paste an item with a simply explanation as to how I'm wrong OK?
                                      I pulled just one item from your long list and asked how you came to that conclusion. Why exactly would I need to give any explanation when you're unable to back up your own claim about me?

                                      Originally Posted by TLTheLiberator View Post

                                      I'd would also love to thank you.
                                      Thank me for what? Defending myself against a claim that you can't even prove to be true?

                                      You clearly have no problem posting false and misleading information about another member in an attempt to support whatever argument you think you may have. What makes you think I would care anything about gaining your approval?
                                      {{ DiscussionBoard.errors[8945645].message }}
                                      • Profile picture of the author TLTheLiberator
                                        Originally Posted by Midnight Oil View Post

                                        That was the second time you posted it. Try to backpedal all you want, but it's clear your message is that I, and others on your silly list of names, hate workers.


                                        I've questioned your attempt to "engage" in the past. It isn't about an honest conversation. It's more about personal attacks on those you disagree with. As I've told you before, it really isn't that hard to miss.

                                        As for your "challenge," it was


                                        I pulled just one item from your long list and asked how you came to that conclusion. Why exactly would I need to give any explanation when you're unable to back up your own claim about me?


                                        Thank me for what? Defending myself against a claim that you can't even prove to be true?

                                        You clearly have no problem posting false and misleading information about another member in an attempt to support whatever argument you think you may have.

                                        What makes you think I would care anything about gaining your approval?
                                        Wow!

                                        This has never been about anyone gaining my approval and I don't know how in the world you could have arrived at such a juncture.

                                        BTW...

                                        Dan and Steve had no real problems engaging and they didn't get all bent out of shape at my request for feedback.

                                        So maybe my proposition etc., wasn't all that offensive but perhaps you've got a few personal issues to deal with.

                                        Could it be I've nailed your positions to a T and you don't want to publicly own up to them?

                                        If so, I understand and I withdraw the list from your esteemed consideration.

                                        All The Best!!
                                        Signature

                                        "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

                                        {{ DiscussionBoard.errors[8945703].message }}
                                        • Profile picture of the author seasoned
                                          Originally Posted by TLTheLiberator View Post

                                          Wow!

                                          This has never been about anyone gaining my approval and I don't know how in the world you could have arrived at such a juncture.
                                          We ALL know you won't stop until all bend. In a way, it IS about gaining your approval. Not that anyone cares.

                                          BTW...

                                          Dan and Steve had no real problems engaging and they didn't get all bent out of shape at my request for feedback.
                                          HECK, some I just ignored.

                                          So maybe my proposition etc., wasn't all that offensive but perhaps you've got a few personal issues to deal with.
                                          The bible has a nice quote about removing the plank from your own eye before complaining about the speck in another! Matthew 7:3 if you have a bible handy.

                                          Could it be I've nailed your positions to a T and you don't want to publicly own up to them?

                                          If so, I understand and I withdraw the list from your esteemed consideration.

                                          All The Best!!
                                          WOW! That plank again.

                                          Steve
                                          {{ DiscussionBoard.errors[8945745].message }}
                                        • Profile picture of the author Midnight Oil
                                          Originally Posted by TLTheLiberator View Post

                                          perhaps you've got a few personal issues to deal with.
                                          Right. You add me to a list of those you claim hate workers, can't support your claim about me when called on it, and I'm the one with personal issues. Got it.

                                          Originally Posted by TLTheLiberator View Post

                                          Could it be I've nailed your positions to a T and you don't want to publicly own up to them?
                                          Yet you're still unable to offer anything at all to support what you say I am.

                                          If you want to accuse me of hating someone, at least be man enough to back it up with something other than childish taunts.
                                          {{ DiscussionBoard.errors[8945842].message }}
                                          • Profile picture of the author TLTheLiberator
                                            Originally Posted by Midnight Oil View Post

                                            Right. You add me to a list of those you claim hate workers, can't support your claim about me when called on it, and I'm the one with personal issues. Got it.


                                            Yet you're still unable to offer anything at all to support what you say I am.

                                            If you want to accuse me of hating someone, at least be man enough to back it up with something other than childish taunts.
                                            Actually it was in jest that I included that item on the list. Which I retracted in the original post but that's not good enough for you.

                                            You want to go on and on about it instead of just calling it stupid like I think Steve did or Dan who got sarcastic with it. (I think - LOL)

                                            OK, You're probably against the min wage, unions, sick days, maternity leave, profit sharing, retirement plans and anything else that helps workers right?

                                            If I'm anywhere wrong in the above question please correct me.

                                            If I'm correct, it could be arrived at that you hate workers or at least have a very deep dislike for them - or I'll allow that it could just be part of your economic philosophy.

                                            Back to you Midnight.
                                            Signature

                                            "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

                                            {{ DiscussionBoard.errors[8945871].message }}
                        • Profile picture of the author SteveJohnson
                          Originally Posted by TLTheLiberator View Post

                          Yes, some owners are happy to share what they can in additional profits with their employees - no matter how the company came about said profits.

                          After all, the workers are helping the owner increase his wealth etc. and of course the owners are helping folks provide etc.

                          Note: Those are my personal feeling on the matter and I would not be in favor of legislation mandating profit sharing etc.

                          I was with a couple of really nice companies from about 1977 until I left the workforce in 1997.

                          And I'd gather the same folks that disagree with what I've said above are also...

                          - Against the min wage:
                          I am, because I actually care about people. Study after study has demonstrated how the minimum wage laws have devastated employment opportunities for the young and minorities. Employment Policies Institute | The Effect of Minimum Wage Increases on Retail and Small Business Employment

                          Originally Posted by TLTheLiberator View Post

                          - Don't mind the fact that there are 3 people searching for every 1 job opening:
                          I do mind. I mind that they are consuming more than they are producing, that there aren't enough profitable businesses around able to employ them. I mind the government policies that have forced them out of work.

                          Originally Posted by TLTheLiberator View Post

                          - Probably anti-union:
                          Unions serve a purpose; I am not anti-union. I am against the inordinate political power that unions have garnered by soaking their members so they can make political donations. I am against forcing a person to join a union just so they can work.


                          Originally Posted by TLTheLiberator View Post

                          - Hate workers in general:
                          A statement like that is just stupid.

                          Originally Posted by TLTheLiberator View Post

                          - Against any national economic initiatives:
                          Most, not all. Most are grossly mismanaged and useless, and serve only their true purpose - income redistribution.

                          Originally Posted by TLTheLiberator View Post

                          - Believe if you shovel more and more money at the rich, it will trickle down to the general population leading to prosperity.
                          I am not aware of any program that 'shovel[s] more and more money at the rich'. I am aware of several programs that take money from the rich, and am acutely aware of a segment of the population that believes that a person's wealth rightly belongs to the state, and the state should be the sole arbiter of how much wealth a person should have.

                          Only in the minds of ... well, I am at a loss to understand how taking less of a person's wealth can be described as shoveling money at them.

                          Originally Posted by TLTheLiberator View Post

                          - The so-call free-market is their God: Which actually means letting large corps run wild in their treatment of workers and consumers.
                          That's not exactly what 'free market' means, but it is a good illustration of hyperbole. Hyperbole | Define Hyperbole at Dictionary.com

                          Originally Posted by TLTheLiberator View Post

                          - Don't believe in progressive taxation:
                          You did call this one right. Progressive taxation is class warfare and nothing more than legalized thuggery. The only fair tax is a flat tax system where everyone pays their share.

                          Originally Posted by TLTheLiberator View Post

                          - Deregulation: Let business write its own rules.
                          Not necessarily. After all, look at what big pharma handed us with the ACA.

                          Originally Posted by TLTheLiberator View Post

                          - Harp of small time and small money freeloaders but have nothing to say regarding the big time and big money free loaders.

                          - Americans have been coddled long enough and even need a heavy dose of tough love.

                          (even after the destruction of the great recession)
                          Huh?

                          Originally Posted by TLTheLiberator View Post

                          - Income from investments is deserving of better tax treatment than ordinary income.
                          Yup. It encourages investment of wealth instead of hoarding. Invested wealth is working in the economy, hoarded wealth does nothing.

                          Originally Posted by TLTheLiberator View Post

                          - Hate the ACA:
                          I hate what the ACA had done to thousands of families that were perfectly happy with what insurance they had, until they were forced to pay higher premiums and higher deductibles -- if they even can -- for coverages they neither want or need.

                          I hate that there is a group of know-it-alls who were able to foist the ACA disaster off on the American people.

                          "If you like the plan you have, you can keep it. If you like the doctor you have, you can keep your doctor, too. The only change you'll see are falling costs as our reforms take hold."

                          "I know that there are millions of Americans who are content with their health care coverage -- they like their plan and, most importantly, they value their relationship with their doctor. They trust you. And that means that no matter how we reform health care, we will keep this promise to the American people: If you like your doctor, you will be able to keep your doctor, period. If you like your health care plan, you'll be able to keep your health care plan, period. No one will take it away, no matter what."
                          Originally Posted by TLTheLiberator View Post

                          The Independents:

                          - If they're not clearly in the camp of the party on the right, they like to pretend both parties are the same in their goals, rhetoric, substance and actual historic economic performance while in power.

                          But the interesting thing is with most of them - most of their attitudes mirror the party on the right although they claim to be independent.

                          [...]
                          ...that mindset (yours) has dominated this great country for the last 30 years which has also coincided with the downward economic fortunes of average Americans.
                          The mindset of the last 30 years has been that of entitlement, set in motion by the New Deal and cemented by Lyndon Johnson's War on Poverty. Your side has overseen the transformation of the country from production to consumption, from pride to embarrassment. It has presided over an expansion of the welfare state that is so enormous that it threatens our existence.

                          Liberals of the last 50 years have taken what John F. Kennedy famously said, "...ask not what your country can do for you, ask what you can do for your country" and turned it completely around.


                          Originally Posted by TLTheLiberator View Post

                          And historically, your economic philosophy has received a real arse-kicking verses my mindset (which is the opposite)...

                          ...when it comes to who does better for the living standards of the American people.

                          It's not even close.

                          All the major standard of living indicators are much better with my set of attitudes and I finally have plenty of evidence to prove it.
                          "There are lies, damned lies, and statistics."
                          Signature

                          The 2nd Amendment, 1789 - The Original Homeland Security.

                          Gun control means never having to say, "I missed you."

                          {{ DiscussionBoard.errors[8944342].message }}
                • Profile picture of the author SteveJohnson
                  Originally Posted by TLTheLiberator View Post

                  You folks can get caught up in semantics if you like.

                  I was talking about deserving a share of the extra profits they helped create.

                  For example if the company was netting $100 per employee per day and the company is now making $150 per employee per day, I believe the worker should get some of that.

                  But that's just me.
                  #1, why? The employees are employees, not owners. They shoulder none of the risks of being in business, none of the costs, none of the headaches. Solely by virtue of being an employee, they have added no value whatsoever to the company.

                  #2, the 'increased production' number is a fallacy. Increased production doesn't necessarily mean that the workers are more efficient, it just says that company made more money per worker it employed, not that it made more money total.

                  Company X has a $1.5M net profit in 2012, with 100 employees. Net profit per employee: $15,000. On the first day of 2013, they purchase and install new equipment automating some of their production. Through attrition, they reduce their workforce by 10 employees, to 90.

                  In 2013, the company's net profit was $1.5M, they had 90 employees. Now their net profit per employee is $16,666. Their sales didn't go up, their profits didn't increase, but the profit per employee did - simply because they had fewer employees. The employees that were there didn't work harder, they didn't produce more, but on paper they did because the net profit per employee went up. Why should workers get a share of the 2013 net when it didn't actually increase?
                  Signature

                  The 2nd Amendment, 1789 - The Original Homeland Security.

                  Gun control means never having to say, "I missed you."

                  {{ DiscussionBoard.errors[8943402].message }}
                • Profile picture of the author Midnight Oil
                  Originally Posted by TLTheLiberator View Post

                  You folks can get caught up in semantics if you like.

                  I was talking about deserving a share of the extra profits they helped create.

                  For example if the company was netting $100 per employee per day and the company is now making $150 per employee per day, I believe the worker should get some of that.

                  But that's just me.
                  Would the workers also deserve to share in any loss they helped create?

                  Would their share of the loss be deducted from their pay?

                  Do you believe the company deserves to get some of that loss back?
                  {{ DiscussionBoard.errors[8943996].message }}
                  • Originally Posted by Midnight Oil View Post

                    Would the workers also deserve to share in any loss they helped create?

                    Would their share of the loss be deducted from their pay?

                    Do you believe the company deserves to get some of that loss back?
                    The workers already "share" in their employer's losses.

                    They get laid off.
                    Signature

                    Bros find strictly platonic dudes on seekBromance.com
                    _______________________________________________
                    "It's pretty simple. You work hard, you believe anything is possible, and you try to make the world better."

                    {{ DiscussionBoard.errors[8944185].message }}
                    • Profile picture of the author Dan Riffle
                      Originally Posted by Hopeless Bromantic View Post

                      The workers already "share" in their employer's losses.

                      They get laid off.
                      But they're never asked or required to pony up their own capital to prop up a non-performing company.
                      Signature

                      Raising a child is akin to knowing you're getting fired in 18 years and having to train your replacement without actively sabotaging them.

                      {{ DiscussionBoard.errors[8944209].message }}
                      • Originally Posted by Dan Riffle View Post

                        But they're never asked or required to pony up their own capital to prop up a non-performing company.
                        Wrong. At least about the 'never' part. Some companies in economic distress have gone to the workers to ask them if they're willing to take a pay cut instead of going through a round of layoffs.
                        Signature

                        Bros find strictly platonic dudes on seekBromance.com
                        _______________________________________________
                        "It's pretty simple. You work hard, you believe anything is possible, and you try to make the world better."

                        {{ DiscussionBoard.errors[8946527].message }}
                        • Profile picture of the author Dan Riffle
                          Originally Posted by Hopeless Bromantic View Post

                          Wrong. At least about the 'never' part. Some companies in economic distress have gone to the workers to ask them if they're willing to take a pay cut instead of going through a round of layoffs.
                          Wrong. That's not injecting their own capital to prop up a company. That's a curtailment of income. And it's not semantics either. An owner in such a scenario most often sees a personal pay cut or goes without income altogether AND drains their personal savings into the company. Do you see the difference?
                          Signature

                          Raising a child is akin to knowing you're getting fired in 18 years and having to train your replacement without actively sabotaging them.

                          {{ DiscussionBoard.errors[8946569].message }}
                          • Originally Posted by Dan Riffle View Post

                            Wrong. That's not injecting their own capital to prop up a company. That's a curtailment of income. And it's not semantics either. An owner in such a scenario most often sees a personal pay cut or goes without income altogether AND drains their personal savings into the company. Do you see the difference?
                            Doesn't matter: the effect remains the same. Workers in this situation are indeed propping up the company by agreeing to put in the same amount of their time for less compensation than the overall marketplace could give them. It's a distinction, but hardly a difference.
                            Signature

                            Bros find strictly platonic dudes on seekBromance.com
                            _______________________________________________
                            "It's pretty simple. You work hard, you believe anything is possible, and you try to make the world better."

                            {{ DiscussionBoard.errors[8947006].message }}
                            • Profile picture of the author Dan Riffle
                              Originally Posted by Hopeless Bromantic View Post

                              Doesn't matter: the effect remains the same. Workers in this situation are indeed propping up the company by agreeing to put in the same amount of their time for less compensation than the overall marketplace could give them. It's a distinction, but hardly a difference.
                              The effect doesn't remain the same. They are forgoing income. An owner is forgoing income and capital (savings, ie. prior income). All that's at stake for an employee is future income.

                              You're straying from my initial comment,which was, "But they're never asked or required to pony up their own capital to prop up a non-performing company."

                              The key component of my statement? Capital, defined as, "Financial assets or the financial value of assets, such as cash."

                              Income isn't an asset and there is no point in standard business operations where an employee is asked or required to inject capital into a business. Only owners do so. No owner ever walks up to an employee and says, "Well, Bob, the company's struggling. We're going to have to cut your hourly wage. Oh, and if you want to keep your job, I'm going to need a check from you for $20,000."

                              Additionally, your comment about compensation v. market place is outside the parameters. Our scenario is built around a struggling company, not industry. If we're going switch to the Socratic Method and constantly move the parameters, we could just as easily say all of the employees leave and go to work for a competitor at a higher wage.
                              Signature

                              Raising a child is akin to knowing you're getting fired in 18 years and having to train your replacement without actively sabotaging them.

                              {{ DiscussionBoard.errors[8947100].message }}
                              • Originally Posted by Dan Riffle View Post

                                The effect doesn't remain the same. They are forgoing income. An owner is forgoing income and capital (savings, ie. prior income). All that's at stake for an employee is future income.
                                In practice, very few struggling companies have owners who forgo more income beyond what they already invested. Your scenario applies mostly to mom-and-pop businesses in which mom and pop have become too emotionally attached to throw in the towel. For a public corporation, or for a private, venture capital-backed business that's struggling, the investors simply cut their losses and run.

                                You're straying from my initial comment,which was, "But they're never asked or required to pony up their own capital to prop up a non-performing company."

                                The key component of my statement? Capital, defined as, "Financial assets or the financial value of assets, such as cash."

                                Income isn't an asset and there is no point in standard business operations where an employee is asked or required to inject capital into a business. Only owners do so.
                                Actually, income is very much an asset when you realize it and remains one until you spend it. However, as I said, you're talking about an exceptional case in the real world. Still a valid point, but not a major one.

                                Additionally, your comment about compensation v. market place is outside the parameters. Our scenario is built around a struggling company, not industry. If we're going switch to the Socratic Method and constantly move the parameters, we could just as easily say all of the employees leave and go to work for a competitor at a higher wage.
                                Did I switch to the Socratic Method?

                                Struggling or not, a company cannot exist in a vacuum. Our scenario is meaningless if it doesn't account for supply and demand.
                                Signature

                                Bros find strictly platonic dudes on seekBromance.com
                                _______________________________________________
                                "It's pretty simple. You work hard, you believe anything is possible, and you try to make the world better."

                                {{ DiscussionBoard.errors[8947213].message }}
                                • Profile picture of the author Dan Riffle
                                  Originally Posted by Hopeless Bromantic View Post

                                  In practice, very few struggling companies have owners who forgo more income beyond what they already invested. Your scenario applies mostly to mom-and-pop businesses in which mom and pop have become too emotionally attached to throw in the towel. For a public corporation, or for a private, venture capital-backed business that's struggling, the investors simply cut their losses and run.
                                  Not true at all. I regularly see or have seen companies, especially during the period on 2007 through 2012, where owners have had to limit or cease their own wages in viable, medium size companies. They've also had to pump in personal cash to ride the tide. These are solid businessmen, not emotional has-beens.


                                  Actually, income is very much an asset when you realize it and remains one until you spend it. However, as I said, you're talking about an exceptional case in the real world. Still a valid point, but not a major one.
                                  Show me income listed on an asset section of a balance sheet. (Hint: it's not there. Income has its own statement.) Even "realized income" isn't an asset, not by accounting standards. Income is converted to cash through the cash flow statement, but this is straying from the point.

                                  Bolded is what you're ignoring:
                                  Income isn't an asset and there is no point in standard business operations where an employee is asked or required to inject capital into a business. Only owners do so. No owner ever walks up to an employee and says, "Well, Bob, the company's struggling. We're going to have to cut your hourly wage. Oh, and if you want to keep your job, I'm going to need a check from you for $20,000."



                                  Did I switch to the Socratic Method?
                                  In essence, yes.

                                  Struggling or not, a company cannot exist in a vacuum. Our scenario is meaningless if it doesn't account for supply and demand.
                                  I'm not sure how this is contextually relevant to what we're talking about, but it's apparent we'll continue to disagree. That's cool. We can still be bros.
                                  Signature

                                  Raising a child is akin to knowing you're getting fired in 18 years and having to train your replacement without actively sabotaging them.

                                  {{ DiscussionBoard.errors[8947275].message }}
                                  • Originally Posted by Dan Riffle View Post

                                    I'm not sure how this is contextually relevant to what we're talking about, but it's apparent we'll continue to disagree. That's cool. We can still be bros.
                                    Good idea. The obsessive-compulsive need to be vindicated on every point has been the ruin of many a good thread in lots of forums (including this one).
                                    Signature

                                    Bros find strictly platonic dudes on seekBromance.com
                                    _______________________________________________
                                    "It's pretty simple. You work hard, you believe anything is possible, and you try to make the world better."

                                    {{ DiscussionBoard.errors[8947694].message }}
                                    • Profile picture of the author Dan Riffle
                                      Originally Posted by Hopeless Bromantic View Post

                                      Good idea. The obsessive-compulsive need to be vindicated on every point has been the ruin of many a good thread in lots of forums (including this one).
                                      This thread never had a chance and neither will the next one like it. Such is The OT.
                                      Signature

                                      Raising a child is akin to knowing you're getting fired in 18 years and having to train your replacement without actively sabotaging them.

                                      {{ DiscussionBoard.errors[8947716].message }}
                    • Profile picture of the author Midnight Oil
                      Originally Posted by Hopeless Bromantic View Post

                      The workers already "share" in their employer's losses.

                      They get laid off.
                      That's a simple answer, but one that doesn't always equal reality. Many large companies with multiple locations will frequently keep a poor performing location open, sometimes for years, for many reasons.
                      {{ DiscussionBoard.errors[8944226].message }}
                      • Originally Posted by Midnight Oil View Post

                        That's a simple answer, but one that doesn't always equal reality. Many large companies with multiple locations will frequently keep a poor performing location open, sometimes for years, for many reasons.
                        None of which matter, as long as there's 'at-will' employment.
                        Signature

                        Bros find strictly platonic dudes on seekBromance.com
                        _______________________________________________
                        "It's pretty simple. You work hard, you believe anything is possible, and you try to make the world better."

                        {{ DiscussionBoard.errors[8946537].message }}
                    • Profile picture of the author seasoned
                      Originally Posted by Hopeless Bromantic View Post

                      The workers already "share" in their employer's losses.

                      They get laid off.
                      That is NOT a loss! That is a LACK OF GAIN! You see, the laidoff worker could just get another job. They didn't have to pay money for that job, or be obligated by some contract for simply working there. If there were agreed severance pay, expenses, etc... the EMPLOYER still has to pay that!

                      Steve
                      {{ DiscussionBoard.errors[8944227].message }}
            • Profile picture of the author Kay King
              Workers deserve a salary - not a share unless they are shareholders in the company.

              Increasing output by adding automation requires an investment in equipment and computers and training of employees.

              That investment provides jobs at factories and in offices that produce the automating equipment. Workers who train to use the equipment should be compensated for advancing their knowledge as, once trained on new equipment, they are more valuable as workers.

              I agree workers should be paid fairly for what they do. I don't believe in paying people what they want because they want it but support merit pay and incentive increases. To me the problem isn't the minimum wage but the lack of upward mobility in some companies and lack of training programs that promote upward mobility.
              Signature
              Saving one dog will not change the world - but the world changes forever for that one dog
              ***
              One secret to happiness is to let every situation be
              what it is instead of what you think it should be.
              {{ DiscussionBoard.errors[8943255].message }}
          • Profile picture of the author seasoned
            Originally Posted by Sumit Menon View Post

            1960-70s coincides with the arrival of MSICs and personal computers - Information Age. I don't know how labor productivity is measured, but I'm willing to bet much of the productivity increase is due to the different technology people had access to at work.
            It is ALSO when inflation, and a lot of "entitlements", started to hit! And there you have it folks! The reason why productivity went up and ALSO why income became stagnant! HEY! The 70s is apparently when a new word was coined! STAGFLATION!!!!!! Wikipedia says it first appeared in a speech in 1965. Stagflation - Wikipedia, the free encyclopedia

            INFLATION happened(DRIVING PRICES UP) while the economy was stagnant(so wages didn't necessarily go up).

            GEE, my mother used to do ALL her books by HAND! Companies used to hire DEPARTMENTS full of people for accounts payable, accounts receivable, and payroll! TODAY, they can buy a program to do ALL of that THEMSELVES!

            Talking about banks, I once wrote a simple program that enabled a bank to replace a decent group of 21 people with a STELLAR group of FOUR! They did MORE business with less 1/5th the people!

            Steve
            {{ DiscussionBoard.errors[8944660].message }}
        • Profile picture of the author Kay King
          Worker productivity improves as automation and computer systems improve.

          A law office used to hire several paralegals to dig through legal tomes to find cases - and multiple secretaries and typists to prepare legals documents and filings and to convert court records from recording to transcript.

          Today legal documents can be pulled up, salient info added with word processor and the document printed. A legal secretary is far more productive than in years past - due to automation of the equipment used.

          Warehouse workers are more productive - because there are robots in many warehouses, the inventory and location is not only available online but is tracked automatically. Everything from order taking to package labeling is automated and that improves productivity.

          When cars were first manufactured - the assembly line was innovative because that system improved worker productivity.

          The downside of automation is that fewer workers are needed to do the same amount of work.

          Edit: I had to dig to find a site I saw a while back but it's listed below.

          http://www.psfk.com/2012/11/burger-m...ot.html#!u6mmP
          Signature
          Saving one dog will not change the world - but the world changes forever for that one dog
          ***
          One secret to happiness is to let every situation be
          what it is instead of what you think it should be.
          {{ DiscussionBoard.errors[8943047].message }}
        • Profile picture of the author Floyd Fisher
          Originally Posted by TLTheLiberator View Post

          Just off the top of my head...

          In the USA, some of the reasons for the record income inequality...


          - The top tax rates being cut by about half since 1960:

          From 1940s until 1960 the top tax rate was 90%, then dropped to 70% then in the 1980s it was lowered to about 38%.

          - Income from investment income being taxed at a lower rate than ordinary income:

          Someone like Warren Buffet pays a lower tax rate on his investment income than his secretary pays for ordinary income.

          - Wages not keeping up with inflation and actual productivity of workers.



          Pulitzer Prize-winning journalist David Cay Johnston says the incomes of the bottom 90 percent of Americans, after being adjusted for inflation, grew by only $59 on average between 1966 and 2011, over the same period the average income of the top 10 percent of Americans grew by $116,071.

          According to an article from the NY Times...
          http://www.nytimes.com/2013/01/13/su...-stagnate.html

          "From 1973 to 2011, worker productivity grew 80 percent, ...

          ...while median hourly compensation, after inflation, grew by just one-eighth that amount,...

          ... according to the Economic Policy Institute, a liberal research group.

          And since 2000, productivity has risen 23 percent while real hourly pay has essentially stagnated."

          I hear if wages would have kept up with Mr. Inflation and Mr. productivity the average salary in the USA would be more like 70K per year instead of around 35-40K.

          Looks like wage theft on a massage scale to me.
          And it's so wrong you could not be more wrong if you tried.

          Do you even know how the 1940's corrected it the last time it happened?
          {{ DiscussionBoard.errors[8943926].message }}
          • Profile picture of the author TLTheLiberator
            Originally Posted by Floyd Fisher View Post

            And it's so wrong you could not be more wrong if you tried.

            Do you even know how the 1940's corrected it the last time it happened?
            Please help me understand Floyd. I await your instruction on this matter.

            Thanks!

            TL
            Signature

            "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

            {{ DiscussionBoard.errors[8944049].message }}
  • Profile picture of the author Sirr
    Henry Kissinger, David Rockefeller, and the Rothschilds have more money combined then the entire world. We're talking billions. So you can consolidate that 85 into 3, and change "half the world" into "the entire world"
    {{ DiscussionBoard.errors[8940580].message }}
  • Profile picture of the author thunderbird
    I weirdly misread the title of this thread as, "85 people have as much brains as half the world." Duh. Anyway, people like Brad Friedman and Jacob Barnett immediately came to mind.
    Signature

    Project HERE.

    {{ DiscussionBoard.errors[8941096].message }}
    • Profile picture of the author Kay King
      other than subsistence farming, how far can you get with "personal responsibility?"
      I would think you'd get pretty far. Subsistence farming is raising enough food to feed you and your family. True, there's nothing left to sell in the market for a subsistence farmer....but it provides for the farmer's personal needs.

      In our history people traveled to new areas of the country, staked out land and began subsistence farming. The first priority for settlers was not raising food to sell in markets - but in creating enough food to feed the family. Once they were growing enough for personal use they began to clear more areas of land and plant a little more in crops each year. Excess went to market - provided funds to clear or buy more land or better seed.

      That's why many charitable organizations focus on providing seed and tools and water to people in third world countries. In those areas, helping people become subsistence farmers is the first step out of abject poverty and starvation. Teaching people how to grow food and how to preserve food - that's a big deal.

      What hope is there for those who have never known any lifestyle except govt handouts?
      Signature
      Saving one dog will not change the world - but the world changes forever for that one dog
      ***
      One secret to happiness is to let every situation be
      what it is instead of what you think it should be.
      {{ DiscussionBoard.errors[8941131].message }}
      • Originally Posted by Kay King View Post

        I would think you'd get pretty far. Subsistence farming is raising enough food to feed you and your family. True, there's nothing left to sell in the market for a subsistence farmer....but it provides for the farmer's personal needs.
        Subsistence farming is still poverty. You appear to be saying that keeping such people trapped in poverty is a good thing.

        In our history people traveled to new areas of the country, staked out land and began subsistence farming. The first priority for settlers was not raising food to sell in markets - but in creating enough food to feed the family.
        Obviously this can't work anymore, considering that all the arable land belongs to people and corporations now.

        What hope is there for those who have never known any lifestyle except govt handouts?
        How about education?
        Signature

        Bros find strictly platonic dudes on seekBromance.com
        _______________________________________________
        "It's pretty simple. You work hard, you believe anything is possible, and you try to make the world better."

        {{ DiscussionBoard.errors[8943629].message }}
  • Profile picture of the author MikeAmbrosio
    No, they don't "deserve" a share. Unless they had some agreement prior to becoming an EMPLOYEE of the company.

    However - now, I realize this is a novel approach - if said employee can justify an increase in PAY due to their efforts at increasing profits, then I think they need to go ASK for it.

    This works. I know because I have done this since 1992.

    And for whatever it's worth, I love how the news never talks about companies that DO share in profits in the form of bonuses, etc. In the dozens of companies I have either worked FOR as an employee, or WITH as a contractor, well more than half give bonuses.

    Deserve a share is a "gimme" mindset usually put forth by people who want something without having to actually earn it.

    Frankly, when I got tired of the employee mindset, I started my own business. And you know what? I get 100% of my hard earned profits Best thing I ever did. 2013 increased my earnings by almost 25% (gross). 2014 is already shaping up to be even better than 2013.
    Signature

    Are you protecting your on line business? If you have a website, blog, ecommerce store you NEED to back it up regularly. Your webhost will only protect you so much. Check out Quirkel. Protect yourself.

    {{ DiscussionBoard.errors[8943372].message }}
  • Profile picture of the author Doran Peck
    I'd like to see the list of 85...and observe how many of them have ties to the Federal Reserve, or Central Banks in general.
    {{ DiscussionBoard.errors[8943856].message }}
  • Profile picture of the author Mark Singletary
    2 questions to help me better understand:

    1. If I hire someone to build a website for me for $500 and as a result of what I sell on that website I become stinking rich, you are saying that I should give part of any excess to the developer? Hasn't the developer already been paid? Weren't they happy to take the work at $500? Why should I now give them $3,000? Because it's the moral thing to do?

    What about the web host? What about Aweber? What about Microsoft that provided Word that I wrote the articles on? What about Adobe that provided Acrobat? What about the Warrior forum people that answered my questions? What about Google that provided me a cheap place to advertise? What about Facebook where they let me have a free page for my business? What about Symantec that helped protect my precious files from spyware? What about Best Buy that provided the computer that I wrote it all on? What about Dell that sold the computer to Best Buy?

    If that is the thinking then that creates all kinds of messy situations.

    If someone gets a nice haircut for $20 and goes to a political fundraiser and partially due to the nice haircut (nice looking people may get more contributions), gets a bunch of new campaign contributions, should the politician go back and give a piece to the barber? If they are then elected with a salary of $500,000 a year should they give back to the barber that helped them start it all? What about all the other barbers along the way (one every month or so) of the campaign? What about the shoe shine guy? What about the gal that makes sure the right luggage gets on the right plane so they don't miss their next campaign stop? What about the airline company (basically a contractor) that got them there on time? What about the stewardess that so nicely served a Diet Coke that they enjoyed? Etc. Etc. Etc.

    When does it end or is only certain employees/contractors that deserve a piece of the pie?

    2. If employees deserve to share in the wealth of their employers, does that include the ones that take the extra smoke breaks? The ones that call in sick more than the rest but still fit in the guidelines? The ones with the bad attitudes that makes work miserable for certain other employees? The ones with a messy desk that can't ever find anything? The ones that didn't finish their degree and are doing nothing to improve their own skills or knowledge? The ones that are always late? The ones that gossip as much as they work?

    Sincere questions.

    Mark
    {{ DiscussionBoard.errors[8944272].message }}
  • Profile picture of the author MikeAmbrosio


    I thought this was supposed to be "affordable" health care?

    Well, all I know is if it costs the government more it will cost US more. Bank on that.
    Signature

    Are you protecting your on line business? If you have a website, blog, ecommerce store you NEED to back it up regularly. Your webhost will only protect you so much. Check out Quirkel. Protect yourself.

    {{ DiscussionBoard.errors[8944727].message }}
    • Profile picture of the author seasoned
      Originally Posted by MikeAmbrosio View Post



      I thought this was supposed to be "affordable" health care?

      Well, all I know is if it costs the government more it will cost US more. Bank on that.
      I think that chart is WAY off! hey keep LOWERING their costs on Social security. They are EVEN talking about not paying anyone hitting the rolls after like 2018. MEANWHILE, they are INCREASING the costs on insurance by throwing money down the toilet on things like healthcare.com, all the discussions, etc.... And THEN, they add things like "sex change" operations, and contraception to it! EVEN THEY don't think they look great. They say they have the SAME plan "the other side" came up with! MAXIMUM debate if it were the same plan? ZERO! Acceptance if it were the same plan? DECENT! PAPER/INK with same plan? Perhaps ZERO! CODING with same plan? ZERO! So how come they debated for years, had low acceptance, spent a FORTUNE on paper and ink, and spent a TON on coding? It was NOT the same plan. So WHY do they often say it IS? MAN, they are apparently STILL trying to create healthcare.gov! and they are STILL changing the law!

      Steve
      {{ DiscussionBoard.errors[8945762].message }}
    • Profile picture of the author TLTheLiberator
      Originally Posted by MikeAmbrosio View Post



      I thought this was supposed to be "affordable" health care?

      Well, all I know is if it costs the government more it will cost US more. Bank on that.
      Mike, you've got to do better than just about anything from the Heritage crowd. It would be prudent to double check whatever you get from them.

      OK...

      The chart shows the cost of health care for the fed gov over the next 10 years but it does not include the income the ACA program brings in from a myriad of taxes.

      (some people like being fiscally responsible and paying for stuff instead of putting stuff on the national credit card)

      If it did...

      The CBO says in the first 10 years of the ACA the feds will spend about 10 billion per year - extra compared to what they're spending right now.

      But from year 11 onward the ACA will save the feds about 100 billion per year compared to what they're spending now.

      If there was a chart the feds health care costs would look a whole lot different- as in much flatter than the one presented by Heritage above that only includes the costs to the feds.

      Clever try by Heritage but that misinformation was debunked a couple years ago.

      Also to note:

      The ACA is setup in such a way that if it is repealed, the health insurance costs for the feds will definitely go up.
      Signature

      "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

      {{ DiscussionBoard.errors[8945786].message }}
      • Profile picture of the author Kay King
        How about this one from a non-partisan, official, number crunching group. They take their numbers from what the govt provides to them officially....or what is actually happening that can be measured and extrapolated.

        Congressional Budget Office sends death blow to ObamaCare | New York Post

        A few days after the report above was released, another provision of the ACA was postponed for two years. Why are we dragging this out for two more years?

        We can't know if the law will work or what adjustments are needed until the law is implemented. If the law is so good - why not implement it completely as it was passed into law???
        Signature
        Saving one dog will not change the world - but the world changes forever for that one dog
        ***
        One secret to happiness is to let every situation be
        what it is instead of what you think it should be.
        {{ DiscussionBoard.errors[8945881].message }}
        • Profile picture of the author Dan Riffle
          Originally Posted by Kay King View Post

          Why are we dragging this out for two more years?
          Because it will be near the end of Obama's term by then.


          Interesting article, by the way.
          Signature

          Raising a child is akin to knowing you're getting fired in 18 years and having to train your replacement without actively sabotaging them.

          {{ DiscussionBoard.errors[8945890].message }}
        • Profile picture of the author TLTheLiberator
          Originally Posted by Kay King View Post

          How about this one from a non-partisan, official, number crunching group. They take their numbers from what the govt provides to them officially....or what is actually happening that can be measured and extrapolated.

          Congressional Budget Office sends death blow to ObamaCare | New York Post

          A few days after the report above was released, another provision of the ACA was postponed for two years. Why are we dragging this out for two more years?

          We can't know if the law will work or what adjustments are needed until the law is implemented. If the law is so good - why not implement it completely as it was passed into law???
          I'm glad you have nice things to say about the CBO.

          You're a bit late to the party and the meme has already been debunked. But I have a feeling that the misinformation will still be used in attack ads anyway.

          The report was issued and folks on one side of isle started screaming that the ACA will kill jobs - that's what the CBO says.

          Then...

          The mainstream press (in their laziness) followed suit and started saying the same thing.

          Finally some people in congress made the author (Doug Elmendorf of the CBO) of the report come in and say exactly what he meant in the report and basically he says 2.3 million job equivalent hours will go away from the workforce because of the ACA which is not the same as saying 2.3 million jobs will be lost.

          The jobs will still be there but about 2.3 million folks will have more options in regard to employment because of the ACA and will probably quit that second job etc.

          It puts a small dent in what is called "job lock" - people staying at their jobs just because of health care concerns.

          I think its a good thing plus that's a possible 2.3 million job openings.

          Even Paul Ryan said this at the hearing...( from the article)

          "Even Budget Committee Chairman and former GOP vice presidential nominee Paul Ryan conceded that point in part. ...

          ...“Just to understand, it is not that employers are laying people off,” said Ryan at the beginning of the hearing."

          Conservatives Seize On Report To Argue Obamacare Is A Job Killer -- But The Author Says They're Wrong | ThinkProgress

          I understand the folks on the right always taking things way out of context but the mainstream media shouldn't follow them around like a puppy and should double check every claim they make before repeating it.

          In regards to pushing back the mandate on businesses, I guess the admin is doing what it feels needs to be done to help the program succeed.

          No one said making big changes to 1/6 of the American economy would be smooth.
          Signature

          "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

          {{ DiscussionBoard.errors[8945959].message }}
          • Profile picture of the author Midnight Oil
            Originally Posted by TLTheLiberator View Post

            Actually it was in jest that I included that item on the list. Which I retracted in the original post but that's not good enough for you.
            You meant it. That's why you repeated it in your second post. The only reason you removed it from the first post is because you've been called on it and can't back it up.

            Your "challenge" was to inform you if you were wrong about me (and others) on any of the attitudes from your list. Whatever knowledge you pretended to have about me hating workers certainly didn't amount to anything at all as evidenced by your inability to back it up.

            Now, instead of just admitting that you were actually wrong, you want to pretend that it was all in jest. Make no mistake. It isn't about you editing a post and that not being "good enough" for me. It's about you making an accusation that you couldn't back up and your inability to acknowledge and admit that you were wrong.

            Further up you tried to mock me about not publicly owning up to something you clearly pulled out of your ass. It's become quite obvious that you wish to hold others to a higher standard than you hold yourself to.

            Originally Posted by TLTheLiberator View Post

            OK, You're probably against the min wage, unions, sick days, maternity leave, profit sharing, retirement plans and anything else that helps workers right?
            Interesting that it's gone from hating workers to probably being against anything that helps them.

            So, back to my original question on this 'challenge' of yours: Why don't you instead explain exactly how you came to this conclusion about me?

            Or will we learn a few more posts down that this is also all just in jest?

            Originally Posted by TLTheLiberator View Post

            If I'm anywhere wrong in the above question please correct me.
            {{ DiscussionBoard.errors[8946034].message }}
            • Profile picture of the author TLTheLiberator
              Originally Posted by Midnight Oil View Post

              You meant it. That's why you repeated it in your second post. The only reason you removed it from the first post is because you've been called on it and can't back it up.

              Your "challenge" was to inform you if you were wrong about me (and others) on any of the attitudes from your list. Whatever knowledge you pretended to have about me hating workers certainly didn't amount to anything at all as evidenced by your inability to back it up.

              Now, instead of just admitting that you were actually wrong, you want to pretend that it was all in jest. Make no mistake. It isn't about you editing a post and that not being "good enough" for me. It's about you making an accusation that you couldn't back up and your inability to acknowledge and admit that you were wrong.

              Further up you tried to mock me about not publicly owning up to something you clearly pulled out of your ass. It's become quite obvious that you wish to hold others to a higher standard than you hold yourself to.


              Interesting that it's gone from hating workers to probably being against anything that helps them.

              So, back to my original question on this 'challenge' of yours: Why don't you instead explain exactly how you came to this conclusion about me?

              Or will we learn a few more posts down that this is also all just in jest?


              Big deal, I was wrong about when I retracted the hating workers line. It was in a response to a post by Dan.

              My retraction was never in my first post. (I don't think)

              Maybe you didn't see it. (see post #79 of this thread)

              The whole thing was for certain folks to tell me if I had incorrect assumptions about their views in any way and all they had to do was to let me know.

              - I included you because we've tangled in the past and you just made a post in the thread.

              But I'm clear that you do not hate workers - good for you.

              The world of online forums is not for the thin-skinned and it is public.

              Steve or Dan didn't go ballistic and no one else on the list - but why you?

              All you seem to be doing (IMHO) is trying to get this thread nuked by dripping bad blood into what seemed to be a decent conversation.

              Will you report me or something like that?

              What do you want from me? I don't know, but if its an official personal apology...
















































              Its not going to happen.



              But...


              ...if Dan & Steve ask me to apologize to them for the hate workers inference, I'll apologize to you also.
              Signature

              "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

              {{ DiscussionBoard.errors[8946130].message }}
              • Profile picture of the author Midnight Oil
                Originally Posted by TLTheLiberator View Post

                But I'm clear that you do not hate workers
                Thank you.

                Originally Posted by TLTheLiberator View Post

                The world of online forums is not for the thin-skinned and it is public.

                Steve or Dan didn't go ballistic and no one else on the list - but why you?
                I've been on boards and forums for many years now, including this one. Owned a couple myself. Been an admin and mod on a couple of others so, no, it isn't being thin-skinned or going ballistic, and I'm quite certain you know that.

                I'm simply not going to let an intentionally false or misleading claim that attacks my integrity remain unchallanged.

                Originally Posted by TLTheLiberator View Post

                All you seem to be doing (IMHO) is trying to get this thread nuked by dripping bad blood into what seemed to be a decent conversation.
                Yes, TL, you got me. That's been my plan all along. I've been lying in wait from the time I was a lurker here in the boards infancy and for the last four-plus years as an actual member . . . plotting, planning, waiting patiently for the opportunity to get a thread that you're participating in nuked.

                Originally Posted by TLTheLiberator View Post

                Will you report me or something like that?
                I prefer to be open and direct on such matters.

                Originally Posted by TLTheLiberator View Post

                What do you want from me?
                I always liked the part of your sig that you recently removed. You know, "Many people love their country but I'm forced to wonder if they also love their countrymen."

                Think we can get that back at some point?
                {{ DiscussionBoard.errors[8946514].message }}
          • Profile picture of the author Kay King
            Debunked? By Pelosi announcing how great it is American families won't have to work so hard? Did anyone believe that? Do those people have any idea how people live and what it does to a family budget to lose a day's pay? No, they don't....they've never lived like that.

            But that wasn't my point - it's the point you chose to focus on.

            The time for arguing against and defending the ACA is long past. This is the law - and it's time to implement it. Instead we are running into one delay after another that turn the law into a piecemeal application.

            The longer implementation is delayed, the greater the cost in money and stress to the public affected by this law. It's time to stop playing games and apply the law that was passed. It's either good enough to work - or shouldn't have been passed in the first place. Let's do it and see which it is.
            Signature
            Saving one dog will not change the world - but the world changes forever for that one dog
            ***
            One secret to happiness is to let every situation be
            what it is instead of what you think it should be.
            {{ DiscussionBoard.errors[8946077].message }}
            • Profile picture of the author MikeAmbrosio
              Originally Posted by Kay King View Post

              Debunked? By Pelosi announcing how great it is American families won't have to work so hard? Did anyone believe that? Do those people have any idea how people live and what it does to a family budget to lose a day's pay? No, they don't....they've never lived like that.

              But that wasn't my point - it's the point you chose to focus on.

              The time for arguing against and defending the ACA is long past. This is the law - and it's time to implement it. Instead we are running into one delay after another that turn the law into a piecemeal application.

              The longer implementation is delayed, the greater the cost in money and stress to the public affected by this law. It's time to stop playing games and apply the law that was passed. It's either good enough to work - or shouldn't have been passed in the first place. Let's do it and see which it is.
              LOL - well, what did we expect when a 200 plus page "law" is passed without having been read? This is how our government does business. But why care what it costs? They can just raise taxes to make up for the shortfall.
              Signature

              Are you protecting your on line business? If you have a website, blog, ecommerce store you NEED to back it up regularly. Your webhost will only protect you so much. Check out Quirkel. Protect yourself.

              {{ DiscussionBoard.errors[8946137].message }}
              • Profile picture of the author Dan Riffle
                Originally Posted by MikeAmbrosio View Post

                LOL - well, what did we expect when a 200 plus page "law" is passed without having been read? This is how our government does business. But why care what it costs? They can just raise taxes to make up for the shortfall.
                Not to nitpick, Mike, but try in excess of eleven thousand pages.
                Signature

                Raising a child is akin to knowing you're getting fired in 18 years and having to train your replacement without actively sabotaging them.

                {{ DiscussionBoard.errors[8946153].message }}
                • Profile picture of the author MikeAmbrosio
                  Originally Posted by Dan Riffle View Post

                  Not to nitpick, Mike, but try in excess of eleven thousand pages.
                  Well then there you have it I remember hearing 2000 plus when it was first passed. Was that a bad number or was there simply another 9000 pages added over time? Either way, it's still a shining example of how our government works. I am truly astonished how people can put so much faith in them doing the right thing - especially on the ACA.

                  Can anyone say Hindenburg?
                  Signature

                  Are you protecting your on line business? If you have a website, blog, ecommerce store you NEED to back it up regularly. Your webhost will only protect you so much. Check out Quirkel. Protect yourself.

                  {{ DiscussionBoard.errors[8946185].message }}
                  • Profile picture of the author Kay King
                    Depends on whether you talk about law that was passed by Congress....or the regulations added by Administrative agencies. wow...

                    11,588,500 Words: Obamacare Regs 30x as Long as Law | CNS News

                    Now I wonder what the sticking points are - the actual law or the mountain of regulations added....
                    Signature
                    Saving one dog will not change the world - but the world changes forever for that one dog
                    ***
                    One secret to happiness is to let every situation be
                    what it is instead of what you think it should be.
                    {{ DiscussionBoard.errors[8946321].message }}
  • Profile picture of the author TLTheLiberator
    Signature

    "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

    {{ DiscussionBoard.errors[8946582].message }}
    • Profile picture of the author Kay King
      Really? Cartoons? I guess you've signed up your family and you are perfectly happy with what you got. Or have you?

      To most people, this is stressful and far from funny.
      Signature
      Saving one dog will not change the world - but the world changes forever for that one dog
      ***
      One secret to happiness is to let every situation be
      what it is instead of what you think it should be.
      {{ DiscussionBoard.errors[8946669].message }}
      • Profile picture of the author TLTheLiberator
        Originally Posted by Kay King View Post

        Really? Cartoons? I guess you've signed up your family and you are perfectly happy with what you got. Or have you?

        To most people, this is stressful and far from funny.
        Actually the cartoon is about reactions and interpretations on the latest ACA news from people on the right. (You know the supposed job loss situation)

        It may be stressful to a lot of people and most of that stress is caused by their ignorance to what the law can actually do for them.

        Like about 80% of Americans, we already had insurance and now because of the ACA we don't have to worry about the insurance company kicking us to the curb if one of us gets really sick.

        Of course there are a host of other cool benefits provided by the ACA also.
        Signature

        "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

        {{ DiscussionBoard.errors[8946711].message }}
        • Profile picture of the author Kay King
          There's a co-worker who was looking forward to ACA. She's just finished her second cancer treatment - had to keep working to keep insurance.

          She was a huge supporter of the ACA - not so much now. The plan available to her has triple deductible and almost double monthly cost - and her doctor and hospital aren't covered in that plan. Her only option? Keep working full time for as long as she is strong enough to show up every day.

          My next door neighbor is in cancer treatment and frantic that she is losing her oncologist and the hospital where she undergoes treatment - they aren't in the plan. The ACA plan triples her deductible and doubles her insurance payments. For now her insurance company has agreed to renew her old policy for one more year - and then what?

          I know many of the stories on TV are slanted a bit one way or another - but these are real people I know and they are frightened and angry. We owe it to people like this to get the plan in place instead of waffling around with it.

          We already had insurance and now because of the ACA we don't have to worry about the insurance company kicking us to the curb if one of us gets really sick.
          If it's such a great opportunity - I'd think you'd want to be one of the first to sign your family up and kick the old "substandard" policy to the curb. :rolleyes:

          It may be stressful to a lot of people and most of that stress is caused by their ignorance to what the law can actually do for them.
          But - couldn't it do the same for you? The stress I've heard from people isn't ignorance - it's lack of funds to pay for this mess.

          Edit: I've love to hear some good stories about people who signed up - are happy with the cost, the deductible and the doctor network available. People who have used that insurance with good results...where are those stories? Surely some here have signed up, haven't they?
          Signature
          Saving one dog will not change the world - but the world changes forever for that one dog
          ***
          One secret to happiness is to let every situation be
          what it is instead of what you think it should be.
          {{ DiscussionBoard.errors[8946765].message }}
          • Profile picture of the author seasoned
            Originally Posted by Kay King View Post

            There's a co-worker who was looking forward to ACA. She's just finished her second cancer treatment - had to keep working to keep insurance.

            She was a huge supporter of the ACA - not so much now. The plan available to her has triple deductible and almost double monthly cost - and her doctor and hospital aren't covered in that plan. Her only option? Keep working full time for as long as she is strong enough to show up every day.

            My next door neighbor is in cancer treatment and frantic that she is losing her oncologist and the hospital where she undergoes treatment - they aren't in the plan. The ACA plan triples her deductible and doubles her insurance payments. For now her insurance company has agreed to renew her old policy for one more year - and then what?

            I know many of the stories on TV are slanted a bit one way or another - but these are real people I know and they are frightened and angry. We owe it to people like this to get the plan in place instead of waffling around with it.

            If it's such a great opportunity - I'd think you'd want to be one of the first to sign your family up and kick the old "substandard" policy to the curb. :rolleyes:



            But - couldn't it do the same for you? The stress I've heard from people isn't ignorance - it's lack of funds to pay for this mess.
            I know O supporters ALSO! Some lost their insurance, and some BEGGED for info and NEVER got it! My father has seen most of his friends, nearly ALL ****EX**** O supporters, change! And what OF my father? He is on Medicare ADVANTAGE! They have GUTTED THAT! More doctors won't accept plans, etc... Eventually, it will be GONE!

            Steve
            {{ DiscussionBoard.errors[8946810].message }}
          • Profile picture of the author TLTheLiberator
            Originally Posted by Kay King View Post

            There's a co-worker who was looking forward to ACA. She's just finished her second cancer treatment - had to keep working to keep insurance.

            She was a huge supporter of the ACA - not so much now. The plan available to her has triple deductible and almost double monthly cost - and her doctor and hospital aren't covered in that plan. Her only option? Keep working full time for as long as she is strong enough to show up every day.

            My next door neighbor is in cancer treatment and frantic that she is losing her oncologist and the hospital where she undergoes treatment - they aren't in the plan. The ACA plan triples her deductible and doubles her insurance payments. For now her insurance company has agreed to renew her old policy for one more year - and then what?

            I know many of the stories on TV are slanted a bit one way or another - but these are real people I know and they are frightened and angry. We owe it to people like this to get the plan in place instead of waffling around with it.

            If it's such a great opportunity - I'd think you'd want to be one of the first to sign your family up and kick the old "substandard" policy to the curb. :rolleyes:

            But - couldn't it do the same for you? The stress I've heard from people isn't ignorance - it's lack of funds to pay for this mess.

            Edit: I've love to hear some good stories about people who signed up - are happy with the cost, the deductible and the doctor network available. People who have used that insurance with good results...where are those stories? Surely some here have signed up, haven't they?

            We don't have one of those extra s*itty policies that protect absolutely nothing and didn't even qualify for the basic requirements of the ACA, so there's no need to change but the ACA adds a host of nice benefits and protections to our policy.


            Here's a few good stories about the ACA... (scroll down a bit)

            49 Stories That The Media's Focus On ACA Glitches Ignores | Research | Media Matters for America

            http://acasuccessstories.tumblr.com/
            Signature

            "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

            {{ DiscussionBoard.errors[8946843].message }}
    • Profile picture of the author seasoned
      TL,

      Let me tell you the TRUTH!

      Upper LEFT: The big O DICTATEs raising the minimum wage to 10.10/hour, so the biggest detractor may be contradicted in part if he claims that O reduced the REAL wage by more than 20.3%!

      UPPER RIGHT: Let's FORGET the people that had to DROP treatments and may be dead next year!

      LOWER LEFT: Person searching for entitlements that may apply to augment the new job class P created of "UNEMPLOYED WORKERS".

      LOWER RIGHT: And I can LOSE WEIGHT with the new budget! MN, THESE PICTURES ARE HARD! Why didn't I lern to READ!?!?!? What they heck, GOVERNMENT CHEESE! YEAH!!!!!

      Steve
      {{ DiscussionBoard.errors[8946797].message }}
  • {{ DiscussionBoard.errors[8946853].message }}
    • Profile picture of the author MikeTucker
      Originally Posted by Joe Mobley View Post


      Not my debt! I didn't want it. I didn't authorize it. I don't care if buyers of US Treasuries loses every damn cent. Not! My! Debt!!!

      Joe Mobley

      Do we get to choose what taxes and debt we are going
      to contribute toward paying now?

      If so, I'm happy to pay for education and medicine for
      people in this country, but I don't want my money going
      to any more corporate subsidies or wars!



      Originally Posted by ThomM View Post

      It's called liberal logic. Rarely accurate, but always amusing
      Funny.
      But I've stopped making claims about the lack of intelligence
      of all Conservatives based on their weakest points and advocates.
      Perhaps if we all did that, we could actually meet a little closer
      to the middle and maybe-- just maybe-- get something done?



      Originally Posted by davidfrankk View Post

      They have earned it !
      They sure have. And they took all the risk when they did,
      and the employees didn't risk anything, right?

      Of course, the subsidies that my father got meant that he actually
      took zero risk in building his empire. Oh, and my Uncles, they
      lost millions in government money, so they didn't really take any
      risk either?

      Then again, it was partially the taxes of those employees that
      the government was giving my family to gamble with...

      Oh well... Perhaps my family "earned" it by learning not to be the suckers
      at the bottom anymore? They "earned" it by being "intelligent" enough
      to use government money to avoid risking any of their own, and after
      a few expensive failures, finally found success?

      Of course now that they are extremely wealthy, and they haven't
      paid any taxes in years back into that system that allowed them to
      experiment and fail repeatedly without any personal risk-- But they
      sure do bitch about lazy employees and people on welfare!

      (Ironic, because those "lazy" employees are the ones doing the
      actual work, and a lot of the people on welfare are actually paying
      taxes, unlike my Uncles and Father?)

      ***

      Sure, some small and mid-sized businesses take a lot of risk
      to make the little bit of money they do, and they don't deserve
      to be taken advantage of by their employees.

      But I don't know any (real) Liberals who are upset with the fact
      that they are living the American Dream?

      It's the energy companies, the sugar barons, the Chinese importers
      that Liberals are upset with. These mega-rich did NOT build the
      business themselves while taking major risks! They built their businesses
      with help from the government-- from everyone's taxes-- and now
      they don't want to pay back into the system that they themselves
      used?

      Why does "responsibility" and "accountability" only get spat at
      the employees and the poor, and how did "a level playing field" become
      "entitlement"?

      And if we really do want to go after people with the "entitlement"
      mindset, then why are we not starting with the few who get $billions,
      rather than the millions who get only $thousands?
      Signature

      The bartender says: "We don't serve faster-than-light particles here."

      ...A tachyon enters a bar.

      {{ DiscussionBoard.errors[8947401].message }}
  • Profile picture of the author Mark Singletary
    Okay let's take two computer companies run by billionaires, Microsoft and Oracle and make it all even and fair across the board.

    Everyone gets a minimum living wage of $50,000 and no one can make more than $125,000 (because more than that is just greedy and you are already at 2x+ the minimum wage - income equality is the game).

    What is the advantage to the guys at the top that were making $1,000,000 a year to stay at the company?

    What is the competitive advantage Microsoft has over Oracle or vice versa when there is no reward for doing something better, faster, smaller or whatever?

    What is keeping the top brass from moving the company to Taiwan or Japan or any number of places where they let the rich be rich?

    What is the inducement (besides a possible pay raise which is already now in effect) for an employee with a guaranteed minimum to grow, improve, show up on time, etc?

    How will the sudden lack of competitive will (no reason to bring out new products because salaries are already maxed) affect the thousands and thousands and thousands of small - medium service businesses, developers, and consultants that support Oracle or Microsoft software mainly?

    What happens to banks, hospitals, the government, and schools when their MS or Oracle software isn't updated any more or bugs aren't fixed or new features aren't added?

    My second set of honest questions in this thread that have been ignored.

    Mark
    {{ DiscussionBoard.errors[8947442].message }}
    • Profile picture of the author MikeTucker
      Originally Posted by Mark Singletary View Post

      My second set of honest questions in this thread that have been ignored.
      Not sure if you meant this for more than one person, but for me personally
      I didn't ignore them-- I just didn't feel strongly about them either way, and I
      already tend to write way more than what people probably want to read! But
      I'll respond to them here:





      Originally Posted by Mark Singletary View Post

      2 questions to help me better understand:

      1. Why should I now give them $3,000? Because it's the moral thing to do?
      Allow me to clarify my take on this? Personally, I don't advocate that
      employees get a much bigger piece of the pie-- although some of them
      certainly should, they did agree to work for what they are getting,
      didn't they? And small/medium-sized businesses probably already pay
      their employees a competitive rate.

      What I have an issue with is that major corporations get so many
      tax breaks that they don't need-- Money that could (and should, imho!)
      be going to help other people start businesses-- the very same benefit
      that they received!

      That's what I think a "level playing field" should mean-- The whole
      $15/hr flipping burgers is a distraction.


      Or to paying off some of that debt that everyone is so scared of?



      Originally Posted by Mark Singletary View Post

      2. If employees deserve to share in the wealth of their employers, does that include the ones that take the extra smoke breaks? The ones that call in sick more than the rest but still fit in the guidelines? The ones with the bad attitudes that makes work miserable for certain other employees? The ones with a messy desk that can't ever find anything? The ones that didn't finish their degree and are doing nothing to improve their own skills or knowledge? The ones that are always late? The ones that gossip as much as they work?

      Sincere questions.

      Mark
      Those people don't "deserve" their jobs.
      I have no pity (or tolerance!) for them.





      Originally Posted by Mark Singletary View Post

      Okay let's take two computer companies run by billionaires, Microsoft and Oracle and make it all even and fair across the board.

      Everyone gets a minimum living wage of $50,000 and no one can make more than $125,000 (because more than that is just greedy and you are already at 2x+ the minimum wage - income equality is the game).

      What is the advantage to the guys at the top that were making $1,000,000 a year to stay at the company?

      What is the competitive advantage Microsoft has over Oracle or vice versa when there is no reward for doing something better, faster, smaller or whatever?

      What is keeping the top brass from moving the company to Taiwan or Japan or any number of places where they let the rich be rich?

      What is the inducement (besides a possible pay raise which is already now in effect) for an employee with a guaranteed minimum to grow, improve, show up on time, etc?

      How will the sudden lack of competitive will (no reason to bring out new products because salaries are already maxed) affect the thousands and thousands and thousands of small - medium service businesses, developers, and consultants that support Oracle or Microsoft software mainly?

      What happens to banks, hospitals, the government, and schools when their MS or Oracle software isn't updated any more or bugs aren't fixed or new features aren't added?

      Mark


      Again, I don't know if you mean this example to include me or if it was a
      for the broader part of the whole conversation, but I will force my 2 cents
      in anyway, because I'm a loudmouth like that. :rolleyes:

      1. A "Maximum" wage is a terrible idea. I know that some people promote the idea.
      And I know that IBM once tried to put a cap on how much Ross Perot could earn.
      They lost him before the end of the month-- and deserved to lose him!

      2. A "Minimum" wage is a necessary thing. Personally I could never do it. Taking
      such a job is like accepting it when the employer says, "I would pay you less,
      but it's against the law!"

      And $50K seems rather high for a minimum wage. I think that would put a huge
      percentage of small/medium sized businesses out of business-- At the very least,
      there would be massive layoffs and hiring would freeze.

      It's true that some people are going to be comfortable on a guaranteed minimum,
      and will have no desire to improve or be competitive. My advice is not to hire
      them to begin with-- Or to get rid of them if they are hurting your business.
      Easier said than done, I know-- But if business owners wanted "easy" then they
      would be minimum wage employees, wouldn't they?

      3. I see the point your example is making, but it's a very unrealistic scenario.
      The idea that such a world is the "Liberal Agenda" is a major point of confusion
      for Conservatives-- And for some people who think they are Liberal, but don't
      know what they are talking about!


      I love that Bill Gates is one of the richest men in the world.
      He can be a real ass, but he actually does give back quite a bit.

      I am personally a huge fan of Larry. I love his style, his philosophy, and a lot
      of what he has done-- in business and outside of it. And I believe that he
      absolutely deserves his success.

      But I think it is absolutely insane that he received a $3.4M refund because
      he made his house into a Japanese castle-- complete with a moat!?
      Not only because he doesn't need it, but because his business was
      built with government money. It wasn't only his own money and his
      own risks-- It was tax money that we all paid.

      I'm tremendously happy that he was successful. Oracle is wonderful,
      and I feel sorry for the suckers that buy the BS from the SAP salespeople.
      I'm thrilled that he enjoys his money-- He isn't a boring old asshole
      who hordes it like Golem from Lord of the Rings.

      And I'm aware that it was within the rules and laws for him to get the
      money back-- No shit, he took a big loss. But seriously, nobody was
      ever going to buy that house anyway, it is for him alone, and possibly
      his children. Why play the money game?

      Why not give back to the community that helped you when you were
      starting out, so that you had the potential to build something great,
      so that the money is still there for the next person to do it?

      That is what annoys me.
      Signature

      The bartender says: "We don't serve faster-than-light particles here."

      ...A tachyon enters a bar.

      {{ DiscussionBoard.errors[8947529].message }}
      • Profile picture of the author Mark Singletary
        Just a couple comments. I'm running behind on a project so need to stay focused.

        Originally Posted by MikeTucker View Post

        What I have an issue with is that major corporations get so many
        tax breaks that they don't need-- Money that could (and should, imho!)
        be going to help other people start businesses-- the very same benefit
        that they received!

        That's what I think a "level playing field" should mean-- The whole
        $15/hr flipping burgers is a distraction.
        But by forcibly taking money from the rich and giving it to others to build businesses, isn't that just keeping the cycle going? Get rich --> take away excess riches to help others get rich --> get rich --> take away excess riches, etc.

        Why not stop most all grants, subsidies, etc. to individuals, corporations, and nations? That would level the playing field a bit more.

        If I showed up at your house with a gun and said that you better give me money for my daughter's education, my wife's kidney transplant, or to invest in my business I'd go to jail. But that is exactly what the government does.

        Those people don't "deserve" their jobs.
        I have no pity (or tolerance!) for them.
        Then why do they deserve food stamps, free health care, free cell phones or any other benefit?

        Mark
        {{ DiscussionBoard.errors[8947648].message }}
        • Profile picture of the author MikeTucker
          Originally Posted by Mark Singletary View Post

          Just a couple comments. I'm running behind on a project so need to stay focused.

          But by forcibly taking money from the rich and giving it to others to build businesses, isn't that just keeping the cycle going? Get rich --> take away excess riches to help others get rich --> get rich --> take away excess riches, etc.
          I blabber so much, and yet say so little in a clear manner.
          Probably the result of a disorganized, chaotic mind?

          Anyway, I want to keep the cycle going. That's the point.
          And I'm most certainly not advocating taking away all excess riches.
          That would be un-American in every way.

          But I do believe that when the poor pay a higher percentage
          of their wages to taxes than the rich do, there is something backward.
          Especially since the rich don't actually need the money.



          Originally Posted by Mark Singletary View Post

          Why not stop most all grants, subsidies, etc. to individuals, corporations, and nations? That would level the playing field a bit more.
          Thankfully, I'm just an opinionated citizen, and not somebody
          who knows all the facts and actually has to make those decisions!

          But my knee-jerk reaction is YES! Cut almost all of them!



          Originally Posted by Mark Singletary View Post

          If I showed up at your house with a gun and said that you better give me money for my daughter's education, my wife's kidney transplant, or to invest in my business I'd go to jail. But that is exactly what the government does.
          If you did it Mark, I might give it to you with a smile.
          A girl with the last name "Singleterry" quite literally saved my
          life when I was 17.

          Seriously though, I get your point, but I don't see it exactly like that.
          I see it more like a debt collector. You took out the loan and I'm
          glad you're successful, but now you need to pay back the loan plus
          a little interest, so that other people can have loans in the future.

          Right now it is more difficult than most times in history for new businesses
          to get loans and grants-- And frankly, I believe that if there were more
          people working to start businesses rather than just to "get a job"
          this country would be in a much better place.



          Originally Posted by Mark Singletary View Post

          Then why do they deserve food stamps, free health care, free cell phones or any other benefit?

          Mark
          Because they are human beings. Because they are Americans.
          But it's not that they really "deserve" it, so much as they need it.
          And we are Americans, and we don't leave our own people down
          when they need a hand up.

          And that is what it should be-- a hand up. Not a "hand-out".
          I agree that for the vast majority of people, programs like
          Food Stamps should be temporary-- and that includes unemployment.
          Temporary, and contingent upon them putting in at least one job
          application every single day, like Clinton/Newt did back in the 90's.
          That was brilliantly successful, and I don't understand why it
          was stopped!?

          Healthcare isn't "free" for anyone anymore. Hey, I'd prefer a
          single-payer system, from what I know of all the different healthcare
          systems. But you know what? I don't want everyone that I live
          around to be broke, stupid, and sick, so I'm all for giving them
          a little money to help, some education, and some healthcare,
          and from what I can tell Conservatives would hate the single-payer
          system even more than the new system?

          Free cellphones... Don't forget the program was started by RR himself.
          And it is a good program-- The purpose is that people without
          phones have a harder time getting jobs. Sure, the current President
          updated it because it was 30 years old, and missing a call for
          a job because you weren't home is a good way to lose the opportunity!

          (And frankly, if it were my decision and I had to cut things that
          I don't want to cut, this would probably be near the top of my own list,
          even though I believe it's a good program!)

          Yes, some people abuse these programs, but we are Americans.
          We don't punish everyone and cut them off the help we are capable
          of giving just because some of them are bad apples.

          And again-- Instead of going after the $120B for welfare, for example,
          why don't we start with the near $500B for subsidies for companies that
          don't actually need them right now?
          Signature

          The bartender says: "We don't serve faster-than-light particles here."

          ...A tachyon enters a bar.

          {{ DiscussionBoard.errors[8947740].message }}
          • Profile picture of the author SteveJohnson
            Originally Posted by MikeTucker View Post

            I blabber so much, and yet say so little in a clear manner.
            Probably the result of a disorganized, chaotic mind?

            Anyway, I want to keep the cycle going. That's the point.
            And I'm most certainly not advocating taking away all excess riches.
            That would be un-American in every way.

            But I do believe that when the poor pay a higher percentage
            of their wages to taxes than the rich do, there is something backward.
            Especially since the rich don't actually need the money.
            Who says they don't actually need it? Who are you - or anyone - to say what someone else may or may not need, or what amount is 'excess'? What business is it of yours? Or anyone else's?

            As far as tax percentages go, there is an easy way to solve that - a flat tax. Everybody pays the same. Everybody pays their fair share.

            But there are three reasons why we will never see a flat-tax system. #1, such a system would remove the ability of liberals to use the tax code to practice their favorite activity: income redistribution. #2, politicians in general would lose the ability to reward or punish behavior via the tax code, and #3, the people who receive the results of #1 would scream bloody murder at the thought of losing their share of someone else's wealth.

            Ok - #4 - Politicians would never let a flat tax happen, mainly because of #2, but also because when everyone is forced to pay a share, a bunch of people (mainly the ones who pay nothing now) are going to start to loudly wonder why the government is taking so much of their hard-earned money and what they are spending it on. The curtain hiding the Wizard would be flung back and pols will NEVER allow that to happen.


            Seriously though, I get your point, but I don't see it exactly like that.
            I see it more like a debt collector. You took out the loan and I'm
            glad you're successful, but now you need to pay back the loan plus
            a little interest, so that other people can have loans in the future.
            What 'loan' might that be? If you're talking true subsidies - money actually given as a subsidy rather than a tax break (which is a 'subsidy' only in the liberal 'all things belong to the state' mentality) - I don't disagree.

            And again-- Instead of going after the $120B for welfare, for example,
            why don't we start with the near $500B for subsidies for companies that
            don't actually need them right now?
            I don't think the government ought to be giving any subsidies. Period. If something isn't commercially viable, then it needs to die.
            Signature

            The 2nd Amendment, 1789 - The Original Homeland Security.

            Gun control means never having to say, "I missed you."

            {{ DiscussionBoard.errors[8947826].message }}
            • Profile picture of the author MikeTucker
              Originally Posted by SteveJohnson View Post

              Who says they don't actually need it? Who are you - or anyone - to say what someone else may or may not need, or what amount is 'excess'? What business is it of yours? Or anyone else's?
              Me? I'm nobody, just a random person on the Internet with opinions.
              For example, "needs" are usually classified-- I think?-- as things like
              food, shelter, healthcare. You know, rather than a third yacht.
              Things like that?

              Hey, show me a true self-made man or woman-- someone who built
              their empire all by themselves without a single bit of help from anyone,
              and I'll happily say that person doesn't really need to give back to the
              community in some way.

              Of course, they probably live on an island by themselves...

              Originally Posted by SteveJohnson View Post

              As far as tax percentages go, there is an easy way to solve that - a flat tax. Everybody pays the same. Everybody pays their fair share.
              Oh, the so-called flat-tax has it's own "fair share" of problems, too,
              including things that Conservatives would not be happy with. But no
              system is perfect, otherwise we wouldn't all have differing opinions,
              right?

              Originally Posted by SteveJohnson View Post

              But there are three reasons why we will never see a flat-tax system. #1, such a system would remove the ability of liberals to use the tax code to practice their favorite activity: income redistribution.
              :rolleyes:


              Originally Posted by SteveJohnson View Post

              What 'loan' might that be? If you're talking true subsidies - money actually given as a subsidy rather than a tax break (which is a 'subsidy' only in the liberal 'all things belong to the state' mentality) - I don't disagree.
              That's not a Liberal mentality.
              And yes, I was referring to true subsidies.
              Although I would attack quite a few tax breaks as well,
              as I think I referred to also (Not sure I remember everything
              I wrote above? It's 2:AM and I'm deep into my Moscato )


              Originally Posted by SteveJohnson View Post

              I don't think the government ought to be giving any subsidies. Period. If something isn't commercially viable, then it needs to die.
              There are exceptions to every rule. Capitalism is the best damn
              system in the world, but it's not perfect. Not everything is a business.
              And some businesses are a boon to the country when they succeed--
              That includes oil, coal, etc.

              In fact, I would say that I'm not strictly actually against most corporations
              getting subsidies-- If only they were temporary and not perma-yearly,
              and the receiver made some real effort of giving back or paying it forward
              in a meaningful, effective way?
              Signature

              The bartender says: "We don't serve faster-than-light particles here."

              ...A tachyon enters a bar.

              {{ DiscussionBoard.errors[8948169].message }}
              • Profile picture of the author TimPhelan
                Yep. I bet taxes would go up for many of the rich if there was a true flat tax that taxed investment income the same as any other income and eliminated loopholes. Who knows, perhaps the middle class would end up paying a lower % than they do now. What I really don't like about the flat tax though is that it would raise the taxes on the poor and lower middle class the most and these people pay enough taxes as it is as a % of their incomes. It's a myth that the working poor don't pay their fair share of taxes, but it seems Steve J is just itching to make them pay more for some reason. :/

                Originally Posted by MikeTucker View Post

                Oh, the so-called flat-tax has it's own "fair share" of problems, too,
                including things that Conservatives would not be happy with.
                Signature
                {{ DiscussionBoard.errors[8949544].message }}
                • Profile picture of the author TLTheLiberator
                  Originally Posted by TimPhelan View Post

                  Yep. I bet taxes would go up for many of the rich if there was a true flat tax that taxed investment income the same as any other income and eliminated loopholes. Who knows, perhaps the middle class would end up paying a lower % than they do now.

                  What I really don't like about the flat tax though is that it would raise the taxes on the poor and lower middle class the most and these people pay enough taxes as it is as a % of their incomes. It's a myth that the working poor don't pay their fair share of taxes, but it seems Steve J is just itching to make them pay more for some reason. :/

                  People not making 20K per year pay no federal income taxes but if they are forced to pay federal income tax we're all going to have to pay more in taxes because ...

                  ...everyone's first 20K is not taxed.
                  Signature

                  "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

                  {{ DiscussionBoard.errors[8949551].message }}
                  • Profile picture of the author Kay King
                    The proposals for flat or fair tax all have exclusions under a certain income amount. The first $25k of income could be excluded for everyone - that would make sense. The billions we could save in administration and labor costs would be staggering. Downsize the IRS - you betcha....big time.

                    Without all the deductions and writeoffs and special interest credits - taxes could be paid monthly with a quick annual report at the end of the year.

                    It could be graduated flat tax where earning over threshold amount ($250k, $1 million, $3 million) are taxed at a high percentage for that portion of earnings.

                    It would work - but there are too many people who don't want that level of transparency.
                    Signature
                    Saving one dog will not change the world - but the world changes forever for that one dog
                    ***
                    One secret to happiness is to let every situation be
                    what it is instead of what you think it should be.
                    {{ DiscussionBoard.errors[8949685].message }}
                    • Profile picture of the author TimPhelan
                      Not all. The sensable realistic ones would, but some want to tax the working poor just to make a point of some sort.
                      Originally Posted by Kay King View Post

                      The proposals for flat or fair tax all have exclusions under a certain income amount. The first $25k of income could be excluded for everyone - that would make sense. The billions we could save in administration and labor costs would be staggering. Downsize the IRS - you betcha....big time.

                      Without all the deductions and writeoffs and special interest credits - taxes could be paid monthly with a quick annual report at the end of the year.

                      It could be graduated flat tax where earning over threshold amount ($250k, $1 million, $3 million) are taxed at a high percentage for that portion of earnings.

                      It would work - but there are too many people who don't want that level of transparency.
                      Signature
                      {{ DiscussionBoard.errors[8949718].message }}
                      • Profile picture of the author ThomM
                        Originally Posted by TimPhelan View Post

                        Not all. The sensable realistic ones would, but some want to tax the working poor just to make a point of some sort.
                        It doesn't mean they have to get their way
                        I was thinking about something similar to what Kay said.
                        0-25,000 no tax.
                        25,000 to 100,000 5%
                        100,000 to 1 million 10%
                        over 1 million 15%
                        Signature

                        Life: Nature's way of keeping meat fresh
                        Getting old ain't for sissy's
                        As you are I was, as I am you will be
                        You can't fix stupid, but you can always out smart it.

                        {{ DiscussionBoard.errors[8949804].message }}
                        • Profile picture of the author TimPhelan
                          I wouldn't be against something like that if the numbers worked out so we could pay our bills.
                          Originally Posted by ThomM View Post

                          It doesn't mean they have to get their way
                          I was thinking about something similar to what Kay said.
                          0-25,000 no tax.
                          25,000 to 100,000 5%
                          100,000 to 1 million 10%
                          over 1 million 15%
                          Signature
                          {{ DiscussionBoard.errors[8949883].message }}
                          • Profile picture of the author Mark Singletary
                            Originally Posted by TimPhelan View Post

                            I wouldn't be against something like that if the numbers worked out so we could pay our bills.
                            Well then that is easy. Lower the expenses to match the income.

                            The recent sequester is a good example. They laid off almost all non-essential workers according to the news. Hello? Why do non-essential workers need a job if they are non-essential to the day-day operations?

                            Let's have a real common sense discussion about what is essential and what isn't.

                            Just like the rich get tax breaks which hurt the poor according to some, we spend too much money saving or studying the turtles amongst other non-essential things that take away from the poor too.

                            Mark
                            {{ DiscussionBoard.errors[8949914].message }}
                      • Profile picture of the author MikeAmbrosio
                        Originally Posted by TimPhelan View Post

                        Not all. The sensable realistic ones would, but some want to tax the working poor just to make a point of some sort.
                        ...and some would complain that the rich STILL aren't paying their "fair share" (just to make a point of some sort).

                        Which means...nothing would change much
                        Signature

                        Are you protecting your on line business? If you have a website, blog, ecommerce store you NEED to back it up regularly. Your webhost will only protect you so much. Check out Quirkel. Protect yourself.

                        {{ DiscussionBoard.errors[8949878].message }}
                        • Profile picture of the author Kay King
                          The real question is why all of us on every side of the issue aren't screaming for a fair and balance tax system for everyone from the poor to the ultra rich?

                          Instead, we argue little points of contention - make broad claims of one thing or another...and it solves nothing.

                          If we ignored the attempts at misdirection that come from both sides with their specific agendas....and united to demand a fair and transparent tax system, something might get done.
                          Signature
                          Saving one dog will not change the world - but the world changes forever for that one dog
                          ***
                          One secret to happiness is to let every situation be
                          what it is instead of what you think it should be.
                          {{ DiscussionBoard.errors[8949889].message }}
                          • Profile picture of the author MikeAmbrosio
                            Originally Posted by Kay King View Post

                            The real question is why all of us on every side of the issue aren't screaming for a fair and balance tax system for everyone from the poor to the ultra rich?

                            Instead, we argue little points of contention - make broad claims of one thing or another...and it solves nothing.

                            If we ignored the attempts at misdirection that come from both sides with their specific agendas....and united to demand a fair and transparent tax system, something might get done.
                            People do scream for it. But as much as we like to think the government works "for the people" the reality is it serves itself, big business and special interest. Without a massive shift in leadership and mindset, don't hold your breath.

                            Also:

                            Originally Posted by Kay King View Post

                            The billions we could save in administration and labor costs would be staggering. Downsize the IRS - you betcha....big time.
                            That is another very big reason. The IRS is power. NO government agency willingly gives up power. Not to THAT extent anyway.
                            Signature

                            Are you protecting your on line business? If you have a website, blog, ecommerce store you NEED to back it up regularly. Your webhost will only protect you so much. Check out Quirkel. Protect yourself.

                            {{ DiscussionBoard.errors[8949924].message }}
                      • Profile picture of the author Mark Singletary
                        Originally Posted by TimPhelan View Post

                        but some want to tax the working poor just to make a point of some sort.
                        And some want to tax the working poor that through hard work created something for themselves to make a point of some sort (most are self-made in the sense that they didn't inherit it).

                        Take away subsidies, yes.

                        Take away tax breaks, yes.

                        Make the playing field even yes (but remember that the guy making $10,000 enjoys the same defense, protection, roads, schools, etc. as the guy making $100,000) If he has to pay sales tax on his loaf of bread like the rich then perhaps he should pay for his share of the common defense too.

                        Forcibly punish success, NO.

                        Punishing success through making them pay more stifles innovative thought and products, increases mediocrity (who in their right mind would want to make more just to have it be forcibly taken away and given to others??), and most importantly chokes off the very source of income for those working level poor and more.

                        Mark
                        {{ DiscussionBoard.errors[8949894].message }}
                        • Profile picture of the author TimPhelan
                          So I take it Mark, that you agree with Steve that the working poor should pay federal income tax and as TL pointed out, everyone would be taxed on all their income?

                          By the way, for decades we taxed income over $1 million at 90% and we did pretty damn well. How come now it wouldn't work?

                          Originally Posted by Mark Singletary View Post

                          And some want to tax the working poor that through hard work created something for themselves to make a point of some sort (most are self-made in the sense that they didn't inherit it).

                          Take away subsidies, yes.

                          Take away tax breaks, yes.

                          Make the playing field even yes (but remember that the guy making $10,000 enjoys the same defense, protection, roads, schools, etc. as the guy making $100,000) If he has to pay sales tax on his loaf of bread like the rich then perhaps he should pay for his share of the common defense too.

                          Forcibly punish success, NO.

                          Punishing success through making them pay more stifles innovative thought and products, increases mediocrity (who in their right mind would want to make more just to have it be forcibly taken away and given to others??), and most importantly chokes off the very source of income for those working level poor and more.

                          Mark
                          Signature
                          {{ DiscussionBoard.errors[8949944].message }}
                          • Profile picture of the author Mark Singletary
                            Originally Posted by TimPhelan View Post

                            So I take it Mark, that you agree with Steve that the working poor should pay federal income tax and as TL pointed out, everyone would be taxed on all their income?
                            I never said that. We are talking fairness here - so let's be fair across the board. Pay for what you get.

                            If the working class poor has to pay tax on shoes and diapers for their children then so should the rich, right?

                            Likewise, if the rich pay their fair share (remember I talked about doing away with subsidies and tax breaks?) of the common defense, then shouldn't the poor?

                            We could keep going like this all day long and in the end I think we'd find that some people aren't really looking for fairness or equity, per se, they just simply want to take from those that have and give it to those that don't. In the end, if we do it that way, everyone is more equal and there is no innovation, no drive, and no desire for anything but mediocrity.

                            Mark
                            {{ DiscussionBoard.errors[8949973].message }}
                          • Profile picture of the author SteveJohnson
                            Originally Posted by TimPhelan View Post

                            So I take it Mark, that you agree with Steve that the working poor should pay federal income tax and as TL pointed out, everyone would be taxed on all their income?

                            By the way, for decades we taxed income over $1 million at 90% and we did pretty damn well. How come now it wouldn't work?
                            For well over a century, we taxed income over $1M at 0% and did even better.
                            Signature

                            The 2nd Amendment, 1789 - The Original Homeland Security.

                            Gun control means never having to say, "I missed you."

                            {{ DiscussionBoard.errors[8950095].message }}
                    • Profile picture of the author seasoned
                      Originally Posted by Kay King View Post

                      The proposals for flat or fair tax all have exclusions under a certain income amount. The first $25k of income could be excluded for everyone - that would make sense. The billions we could save in administration and labor costs would be staggering. Downsize the IRS - you betcha....big time.

                      Without all the deductions and writeoffs and special interest credits - taxes could be paid monthly with a quick annual report at the end of the year.

                      It could be graduated flat tax where earning over threshold amount ($250k, $1 million, $3 million) are taxed at a high percentage for that portion of earnings.

                      It would work - but there are too many people who don't want that level of transparency.
                      You can NOT downsize the IRS! The flat tax is *******MORONIC******* unless it is a REPLACEMENT! That means NO IRS!

                      Steve
                      {{ DiscussionBoard.errors[8950195].message }}
                      • Profile picture of the author ThomM
                        Originally Posted by seasoned View Post

                        You can NOT downsize the IRS! The flat tax is *******MORONIC******* unless it is a REPLACEMENT! That means NO IRS!

                        Steve
                        Of course it is a replacement and what's wrong with no more IRS or a severely downsized IRS?
                        I'd tie it in with some sort of balanced budget amendment also.
                        There's tons of things the govt. could get rid of without hurting domestic programs.
                        Signature

                        Life: Nature's way of keeping meat fresh
                        Getting old ain't for sissy's
                        As you are I was, as I am you will be
                        You can't fix stupid, but you can always out smart it.

                        {{ DiscussionBoard.errors[8950207].message }}
                • Profile picture of the author SteveJohnson
                  [DELETED]
                  {{ DiscussionBoard.errors[8950114].message }}
                  • Profile picture of the author TimPhelan
                    So you want to start taxing tens of millions of Americans because you think it will wake them up and make them see things the way you do, because of course they are too dumb, too selfish and/or too lazy to to do so now, and I am the one who is a jerk? lol Condescending much?
                    Originally Posted by SteveJohnson View Post

                    Were you born to be a jerk, or do you have to make an effort at it?

                    When a flat tax starts getting discussed seriously, people are frightened at the percentage of their income that would be taken away for the politicians to fund their pet programs.

                    People are all for this and that government program, as long as it doesn't cost them anything - 'make the rich pay for it, they have more money'.

                    Maybe if everyone had to pay an equal percentage, there'd be more pressure on the spenders to justify what they're taking and spending.
                    Signature
                    {{ DiscussionBoard.errors[8950272].message }}
                    • Profile picture of the author SteveJohnson
                      Originally Posted by TimPhelan View Post

                      So you want to start taxing tens of millions of Americans because you think it will wake them up and make them see things the way you do, because of course they are too dumb, too selfish and/or too lazy to to do so now, and I am the one who is a jerk? lol
                      Ahhh, the modern progressive. Yes, you are the one who is a jerk. I never said, or even implied, any of the above.

                      It is obvious (and has been for quite some time, yet I keep trying) you can't carry on a discussion without resorting to fallacy and distortion.
                      Signature

                      The 2nd Amendment, 1789 - The Original Homeland Security.

                      Gun control means never having to say, "I missed you."

                      {{ DiscussionBoard.errors[8950319].message }}
                      • Profile picture of the author Paul Myers
                        [quote]Can't you see we're arguing here?/quote]This thread was like a Monty Python skit, only without the humor.

                        Been a while since I saw that much nasty and gratuitous name-calling in one thread. It'd be nice if it were even longer till the next time.


                        Paul
                        Signature
                        .
                        Stop by Paul's Pub - my little hangout on Facebook.

                        {{ DiscussionBoard.errors[8950539].message }}
                • Profile picture of the author seasoned
                  Originally Posted by TimPhelan View Post

                  Yep. I bet taxes would go up for many of the rich if there was a true flat tax that taxed investment income the same as any other income and eliminated loopholes. Who knows, perhaps the middle class would end up paying a lower % than they do now. What I really don't like about the flat tax though is that it would raise the taxes on the poor and lower middle class the most and these people pay enough taxes as it is as a % of their incomes. It's a myth that the working poor don't pay their fair share of taxes, but it seems Steve J is just itching to make them pay more for some reason. :/
                  YEAH! LET'S TAX *******SAVINGS*********! Does that go for UNIONS ALSO!?!?!?!?!?

                  The middle class, in real terms would end up paying FAR more! DOOMED to perhaps servitude! GREAT IDEA! Ever see "LAST HOLIDAY"? I guess she should FORGET about any treatment and FORGET about any holiday! Let's just tell her to ROT!

                  BTW "LAST HOLIDAY" is a nice movie about a person that apparently is VERY important to a store, but they MILK her! Due to some bad technician, she is diagnosed with a RARE deadly disease she has no hope of curing. She tells her boss to SHOVE IT, and uses he *****SAVINGS***** she was saving to RETIRE, and has a great holiday which turns out giving her even better opportunities for when she finds out about the mistake. It turns out SHE is FINE!

                  The flat tax would NOT affect the poor and middle class more than the rich! Paying a low FLAT TAX as a ********REPLACEMENT******** for the IRS! Would CUT expenses, RAISE real wages, limt inflation, etc... And people would be more FREE!!!! IMAGINE! NO AUDITS! NO tax fraud! NO garbage about the budget! IMAGINE all the problems that would be SOLVED!!!!! Companies could spend MORE on EMPLOYEES, because they would have less need for "support" that is there ONLY for taxes!

                  I suspect you have NO idea what is coming, or figure you will be immune. You obviously care NOTHING for your kids or grandkids.

                  Steve
                  {{ DiscussionBoard.errors[8950181].message }}
              • Profile picture of the author SteveJohnson
                Originally Posted by MikeTucker View Post

                Me? I'm nobody, just a random person on the Internet with opinions.
                For example, "needs" are usually classified-- I think?-- as things like
                food, shelter, healthcare. You know, rather than a third yacht.
                Things like that?
                Me, too. And it's not my place, nor anyone else's IMHO, to determine what level of wealth is 'excess', or not needed.

                Originally Posted by MikeTucker View Post

                Hey, show me a true self-made man or woman-- someone who built
                their empire all by themselves without a single bit of help from anyone,
                and I'll happily say that person doesn't really need to give back to the
                community in some way.
                Most companies DO 'give back to the community'. They hire employees whose salaries and wages go back into the local economy. They pay property taxes (except when politicians monkey with the taxes as incentives).

                Originally Posted by MikeTucker View Post

                Oh, the so-called flat-tax has it's own "fair share" of problems, too, including things that Conservatives would not be happy with. But no system is perfect, otherwise we wouldn't all have differing opinions, right?
                Spot on

                Originally Posted by MikeTucker View Post

                That's not a Liberal mentality.
                And yes, I was referring to true subsidies.
                Although I would attack quite a few tax breaks as well,
                as I think I referred to also (Not sure I remember everything
                I wrote above? It's 2:AM and I'm deep into my Moscato )

                [...]

                In fact, I would say that I'm not strictly actually against most corporations getting subsidies-- If only they were temporary and not perma-yearly, and the receiver made some real effort of giving back or paying it forward in a meaningful, effective way?
                Modern liberals/progressives seem to hold to Marx's view that private property should be abolished, in effect making any productive property the property of the state.

                I am generally against subsidies of any kind. I realize there are exceptions, but not many. Ditto with government loans.

                I would attack basically ALL tax breaks, in deference to a flat tax system.

                In my list above of why a flat tax will never be, you did a wink at #1, about income redistribution. I actually think that #4 is the biggest reason why we'll never see a flat tax: it removes politicians' ability to reward and punish. They'll never stand for that.
                Signature

                The 2nd Amendment, 1789 - The Original Homeland Security.

                Gun control means never having to say, "I missed you."

                {{ DiscussionBoard.errors[8950092].message }}
                • Originally Posted by SteveJohnson View Post

                  Modern liberals/progressives seem to hold to Marx's view that private property should be abolished, in effect making any productive property the property of the state.
                  Seriously? I have dozens of friends and colleagues who are staunchly politically liberal, and I assure you that not one of them agrees with Karl Marx that private property should be abolished.

                  But hey, if you can show me even one credible study that supports this talking point, I'd be happy to see it.
                  Signature

                  Bros find strictly platonic dudes on seekBromance.com
                  _______________________________________________
                  "It's pretty simple. You work hard, you believe anything is possible, and you try to make the world better."

                  {{ DiscussionBoard.errors[8950256].message }}
          • Profile picture of the author seasoned
            Originally Posted by MikeTucker View Post

            But I do believe that when the poor pay a higher percentage
            of their wages to taxes than the rich do, there is something backward.
            Especially since the rich don't actually need the money.
            The poor pay a LOWER percentage! Don't believe the GARBAGE BUFFET tells you. He is LYING! That is FACT! SURE the EFFECTIVE rate he pays on ALL his earnings is lower, but his secretary could do the same. Want to change the law? GREAT! MILLIONS of POOR people will be even POORER! With inflation, it is about their only hope at a decent life past say 40. Apply the laws evenly and fairly, and you will ABSOLUTELY HATE IT if you are assocated in any way with a UNION!

            Seriously though, I get your point, but I don't see it exactly like that.
            I see it more like a debt collector. You took out the loan and I'm
            glad you're successful, but now you need to pay back the loan plus
            a little interest, so that other people can have loans in the future.
            The debt is incurred by a bunch of idiots in Congress, etc... Let THEM pay! BTW I believe ALL of them are millionares and billionares!

            Right now it is more difficult than most times in history for new businesses
            to get loans and grants-- And frankly, I believe that if there were more
            people working to start businesses rather than just to "get a job"
            this country would be in a much better place.
            Right now, they are apparently doing NEITHER!

            Because they are human beings. Because they are Americans.
            But it's not that they really "deserve" it, so much as they need it.
            And we are Americans, and we don't leave our own people down
            when they need a hand up.
            A number aren't even Americans!!!!!

            And that is what it should be-- a hand up. Not a "hand-out".
            I agree that for the vast majority of people, programs like
            Food Stamps should be temporary-- and that includes unemployment.
            Temporary, and contingent upon them putting in at least one job
            application every single day, like Clinton/Newt did back in the 90's.
            That was brilliantly successful, and I don't understand why it
            was stopped!?
            It was stopped so there could be more fraud and freeloaders.

            Healthcare isn't "free" for anyone anymore. Hey, I'd prefer a
            single-payer system, from what I know of all the different healthcare
            systems. But you know what? I don't want everyone that I live
            around to be broke, stupid, and sick, so I'm all for giving them
            a little money to help, some education, and some healthcare,
            and from what I can tell Conservatives would hate the single-payer
            system even more than the new system?
            SINGLE PAYER? WHO is that? DON'T say the government! They have been proven to WASTE money/time! And WHAT PLAN? DON'T say the ACA! IT allows 15 people ON THE PLANET to decide the fate of EVERY severely sick American. They also DELAY things. There is NO recourse! The current plan has, by its nature, several checks and balances and recourse!

            Free cellphones... Don't forget the program was started by RR himself.
            And it is a good program-- The purpose is that people without
            phones have a harder time getting jobs. Sure, the current President
            updated it because it was 30 years old, and missing a call for
            a job because you weren't home is a good way to lose the opportunity!
            WHY weren't you home!?!?!!?? Normally people expecting a call back for a job WAIT! It's ONLY 8-5! And WHY so much? DON'T FORGET, we are NOT talking about a phone, merely about what today can SERVE as one! That is like saying people need to be able to write down things to remember, so we will get them a COMPUTER!

            And again-- Instead of going after the $120B for welfare, for example,
            why don't we start with the near $500B for subsidies for companies that
            don't actually need them right now?
            For STARTERS, SUBSIDIES are often to control the market and USUALLY a redction in expenses for the business. WELFARE is an expense to ALL TAXPAYERS! And NOBODY is saying get rid of welfare, or even CUT it for those that actually NEED it. I have known MANY on welfare. MOST of them DON'T need it!

            Steve
            {{ DiscussionBoard.errors[8948803].message }}
        • Originally Posted by Mark Singletary View Post

          But by forcibly taking money from the rich and giving it to others to build businesses, isn't that just keeping the cycle going? Get rich --> take away excess riches to help others get rich --> get rich --> take away excess riches, etc.
          The only way that 'cycle' would be a problem is if the total amount of wealth in a nation were a fixed quantity. It isn't.

          New wealth gets continuously created through innovation. The greater the number of people who have access to resources (money) that let them innovate, the more wealth can be created, and it will be created more rapidly. Without that variable, there would be no point in investing in anything other than government bonds.
          Signature

          Bros find strictly platonic dudes on seekBromance.com
          _______________________________________________
          "It's pretty simple. You work hard, you believe anything is possible, and you try to make the world better."

          {{ DiscussionBoard.errors[8949516].message }}
      • Profile picture of the author seasoned
        Originally Posted by MikeTucker View Post

        What I have an issue with is that major corporations get so many
        tax breaks that they don't need-- Money that could (and should, imho!)
        be going to help other people start businesses-- the very same benefit
        that they received!
        But the question is HOW do you determine that? COKE one time apparently had BIG problems, and a benefit from the MILITARY helped them ride things out. Technically it benefited EVERYONE, but one MIGHT call it WELFARE!

        That's what I think a "level playing field" should mean-- The whole
        $15/hr flipping burgers is a distraction.
        Distraction? HOW? It actually HAS been proposed, and is STUPID! And it is a LOSE/LOSE/LOSE BAR proposition! It is tried over and over again and ALL that happens is inflation comes in and people complain AGAIN! There WAS a time when a dollar an hour was a LOT! HECK, on my first job I made less than $3 USD/hour!

        Or to paying off some of that debt that everyone is so scared of?
        You can *******NEVER******** pay it off! AGAIN, history PROVES THAT! Congress always wants to SPEND/SPEND/SPEND...... Until they get a few neurons, the LAST thing they should get is more money!

        1. A "Maximum" wage is a terrible idea. I know that some people promote the idea.
        And I know that IBM once tried to put a cap on how much Ross Perot could earn.
        They lost him before the end of the month-- and deserved to lose him!
        They didn't actually put a limit on what Ross perot could make! In fact, he made a BUNDLE! My FATHER had the SAME DEAL! What they did was give sales people a "yearly salary" and a quota. HALF of the salary was based on the quota. If they JUST made their quota, they got the full salary. If they made half of it, they got 3/4 of their salary. If they had double the quota, they would make 150% of their salary, etc.... Of course, eventually salaries and quotas were adjusted to make things harder.

        The SECOND catch was that computers were LEASED! If a company upgraded, or simply stopped leasing a system, the commission was clawed back. The story goes that a claw back was going to happen, and perot quit and started EDS, which competed with IBM.

        My point in all that is that, in a way, IBM tried to give many employees SOME of the cost and profit of the company. PEROT obviously didn't like it.

        2. A "Minimum" wage is a necessary thing. Personally I could never do it. Taking
        such a job is like accepting it when the employer says, "I would pay you less,
        but it's against the law!"
        It's NOT necessary! HECK, MANY work for less! I pay the kids in my area a NICE wage for watering my lawn. They are in the area and could just go home, watch a program, read a book, do homework, etc... But with the elapsed time, what I pay them might be less than $5/hour!(They MIGHT water 3 times a week, and how long does it take to water half an acre?) And what of teenage babysitters? Do THEY get the minimum or more?

        And $50K seems rather high for a minimum wage. I think that would put a huge
        percentage of small/medium sized businesses out of business-- At the very least,
        there would be massive layoffs and hiring would freeze.
        If $%^&* had their way, people would be getting a minimum of over $60K NOW, and it would be worth about $20K in todays dollars!

        It's true that some people are going to be comfortable on a guaranteed minimum,
        and will have no desire to improve or be competitive. My advice is not to hire
        them to begin with-- Or to get rid of them if they are hurting your business.
        Easier said than done, I know-- But if business owners wanted "easy" then they
        would be minimum wage employees, wouldn't they?
        You're starting to show the flaw in the pro minimum wage argument!

        I am personally a huge fan of Larry. I love his style, his philosophy, and a lot
        of what he has done-- in business and outside of it. And I believe that he
        absolutely deserves his success.
        Did you ever read the fine print on his million dollar bet? I DID! It was LUDICROUS! He is LUCKY! He and Bill made a lot of ridiculous and worthless claims, and were lucky they didn't come back to haunt them. Word at oracle is that the lawyers threw in that fine print to rig the game to save oracle from such a foolish ad.

        For those that don't remember, he offered a million dollars(IIRC) if you didn't find that their system was significantly faster than your old system. The software/hardware HAD to be compatible, they HAD to be paid for like 3 years to improve it, HAD to be given the requested equipment, etc.... and THEY decided if they succeeded! In short, you were more likely to PAY more than a million dollars than see it, and you might not end up ANY better off.

        HERE is a $10 million dollar offer: http://www.oracle.com/us/corporate/a...orm-168090.pdf

        The Challenge is open only to U.S. companies included in the 2010 Fortune 1000 list, ranking the largest American companies by revenue.
        The award is limited only to the first eligible and successful applicant.
        By participating in the Challenge, the company designated below ("company" and/or "you") agrees to be bound by the official rules located at
        oracle.com/us/corporate/features/10millionchallenge-rules-168056.html and the decisions of Oracle Corporation, which are binding and final
        on all matters relating to the Challenge.
        I wish they kept the REST on line.


        I'm tremendously happy that he was successful. Oracle is wonderful,
        and I feel sorry for the suckers that buy the BS from the SAP salespeople.
        I'm thrilled that he enjoys his money-- He isn't a boring old asshole
        who hordes it like Golem from Lord of the Rings.
        I don't know WHAT you are talking about with SAP! They did some database work that ORACLE now has, and reduced prices on some things. ORACLE has competing products that are ALSO FAR from cheap! Of course, their DATABASE is FAR FROM CHEAP! Maybe FAR cheaper than the other stuff, but NOT cheap!

        Steve
        {{ DiscussionBoard.errors[8947655].message }}
  • Profile picture of the author greenleo
    Banned
    [DELETED]
    {{ DiscussionBoard.errors[8949966].message }}
    • Profile picture of the author SteveJohnson
      Originally Posted by greenleo View Post

      blah blah blah
      Seriously? Did you even read the rules when you joined the forum? I happily handed you an infraction over that.

      Can't you see we're arguing here?
      Signature

      The 2nd Amendment, 1789 - The Original Homeland Security.

      Gun control means never having to say, "I missed you."

      {{ DiscussionBoard.errors[8950119].message }}

Trending Topics