Interesting blueprint. I wonder if something like this will be done to the nation?

Anymore if they can't plainly explain how something works or how they gain profits, which they will have you believe are their "secrets", just assume they are gaming you or someone else and it's all a house of cards waiting to fall.

Earning money doing nothing productive is crazy that should not be supported, yet the government actively helps pass laws to make these things legitimate......hell it looks like something the mafia would do. Except sometimes the mafia takes as little as 1/20th out of it.....these guys are taking 20% and basically crippling everything systematically and infiltrating the government while they hide all their "donations".

Blah.

Didn't Richard Gere's character in Pretty Woman do this?


GET MITT ROMNEY A HOT HOOKER WITH A HEART OF GOLD! STAT!

>> ^notarobot:

Interesting blueprint. I wonder if something like this will be done to the nation?


Hasn't it already been?

GDP is up. Payroll is down.

>> ^notarobot:

Interesting blueprint. I wonder if something like this will be done to the nation?


Something like this has been done to many nations, listen to this guy for some examples:
http://videosift.com/video/Economic-Hitmen.

But I guess you want to know whether it will happen to our nation. I don't think that can happen as long as the US dollar remains the world reserve currency, which is Why We Fight. When the dollar goes the way of the pound sterling then all bets are off.

Not that I am a huge fan of those who horde wealth, but its just a bare fact that the top 10 percent pay 70 percent of all of the income tax in this country..the top 1 percent pays 40 percent of that. The bottom 50 percent pays all of 3 percent. So you really can't say they aren't paying their fair share.

>> ^shinyblurry:

Not that I am a huge fan of those who horde wealth, but its just a bare fact that the top 10 percent pay 70 percent of all of the income tax in this country..the top 1 percent pays 40 percent of that. The bottom 50 percent pays all of 3 percent. So you really can't say they aren't paying their fair share.


Wow... it's like you actually believe that. Tell you what, why don't you actually back that up with facts instead of pulling bullshit out of your ass.

Given you get your belief system from the same place, I don't foresee anything intelligible.

>> ^shinyblurry:

Not that I am a huge fan of those who horde wealth, but its just a bare fact that the top 10 percent pay 70 percent of all of the income tax in this country..the top 1 percent pays 40 percent of that. The bottom 50 percent pays all of 3 percent. So you really can't say they aren't paying their fair share.


Wow!....Really?... I'm with Payback. I'm calling you out on that.

Because 87% of statistics are made up on the spot... Just not mine...

Here's the source.
http://www.heritage.org/federalbudget/top10-percent-income-earners

courtesy of these guys:
http://en.wikipedia.org/wiki/The_Heritage_Foundation

Those numbers don't tell the entire story though.
http://www.motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph

>> ^shinyblurry:

Not that I am a huge fan of those who horde wealth, but its just a bare fact that the top 10 percent pay 70 percent of all of the income tax in this country..the top 1 percent pays 40 percent of that. The bottom 50 percent pays all of 3 percent. So you really can't say they aren't paying their fair share.

Misconceptions and Realities About Who Pays Taxes

Short version: you have to limit your study to only the impact of the most progressive tax in existence (the federal income tax) in order to come away thinking poor people are somehow getting off the hook more than rich people when it comes to taxes.

>> ^EvilDeathBee:

But... but... they CREATE jobs!


I know you're being sarcastic (thanks little pastel coloured box!), but I'm starting to think this might be one of the core issues with the economy.
We've always had a rich elite, but at least they used to be industrialists. Yeah, they paid people a lousy wage for awful and dangerous working conditions (despite the fact that "union" seems to be a dirty word these days, where do you think you got sick leave, holiday pay or even weekends?) but at least they employed a lot of people.

It seems to me that these days there's a whole sub class of the wealthy that make money just pushing money around in ways like this. Their profits are huge and they employ comparatively few.

Hell the video shows how he actively cuts jobs over and over in companies and leaves them to sink or swim (usually sink) under the debt and screwed up profit margins they have to maintain that they artificially inflated. If they were sustainable, they wouldn't be selling the company off..because they'd make more siphoning off their 20% indefinitely.


And what they pay in taxes now is significantly less than they used to pay, when the nation was arguably doing it's best across all income brackets. And you see this jackwad just decimating people's lives and companies left and right by repeatedly doing this. And the defense is that they pay more taxes than you do?.....well you can't pay taxes if you're unemployed, and your tax contribution is going to be lower and lower the more money they hoover up or work to drive your wage down.

You should be wishing they paid such an astronomical rate on their taxes at the 1.5-2 million mark that they effectively earn nothing. That way there is no "profit" in them demolishing everyone else in the country to make 500k more and reinvesting and expanding is the name of the game instead of cut, horde, and bribe for favorable laws.

What this video shows is just wrong on so many levels, no matter what they claim or how the laws allow for...it's bullshit and should not be tolerated by anyone who isn't a lizard brained crank.

All you really need to know is that its a Robert Reich video to know to throw it in the trash where it belongs. It is such a dumbed down, simplistic 'unnuanced' (to use a leftist term) interpretation. Aw - and he even uses cartoons.

I see a lot of pontification, and moralizing, and oh-so-much self-righteous indignation. This kind of business practice is perfectly legal, and it is engaged in by Democrats and liberals all the time, but somehow only Romney is to blame of course. :eyeroll: Typical. As usual, its an election year hit piece used to angry up the blood of the ignorant and the stupid.

You guys act like firing people is some sort of horrible thing that should never never never be done. I know leftists are blindingly ignorant and uninformed of how things are in the "real world" rather than thier fevered imaginations... But companies have to fire people all the time. In fact, if they don't fire people then they become bloated, cumbered, over-saturated dinosaurs that get annihilated by thier competitors. I notice that even the moronic Robert Reich freely admits that the process makes the business work better and more profitable. No one likes to be fired, but as the years go buy companies build up headcount, and as time goes on there are jobs that become obsolete, tasks that are redundant, and processes that are inefficient. Tightening the screws is healthy. It is how companies survive and thrive.

I myself was a casualty of a "downsizing" a few years ago. It happens. It isn't the end of the world. You brush up your resume, get out and hustle, and find a new job. Only in the tortured, idiotic mindset of a liberals does it make any sense that all jobs should be permenant and unending. Grow up people.

You're missing the point of this video. He never mentioned Democrats or Republicans. Reich, while he was Labor Secretary under Clinton, is currently part of Common Cause. As it slogan says, Holding Power Accountable. Similar to Lawrence Lessig and Change Congress / RootStrikers, they want to lessen the corporate influence on politics to bring it back to a government for the people. Reich is pointing out the flaws in legally allowing companies like Bain Capital to do what they do and profit excessively from it.
>> ^Winstonfield_Pennypacker:

All you really need to know is that its a Robert Reich video to know to throw it in the trash where it belongs. It is such a dumbed down, simplistic 'unnuanced' (to use a leftist term) interpretation. Aw - and he even uses cartoons.
I see a lot of pontification, and moralizing, and oh-so-much self-righteous indignation. This kind of business practice is perfectly legal, and it is engaged in by Democrats and liberals all the time, but somehow only Romney is to blame of course. :eyeroll: Typical. As usual, its an election year hit piece used to angry up the blood of the ignorant and the stupid.
You guys act like firing people is some sort of horrible thing that should never never never be done. I know leftists are blindingly ignorant and uninformed of how things are in the "real world" rather than thier fevered imaginations... But companies have to fire people all the time. In fact, if they don't fire people then they become bloated, cumbered, over-saturated dinosaurs that get annihilated by thier competitors. I notice that even the moronic Robert Reich freely admits that the process makes the business work better and more profitable. No one likes to be fired, but as the years go buy companies build up headcount, and as time goes on there are jobs that become obsolete, tasks that are redundant, and processes that are inefficient. Tightening the screws is healthy. It is how companies survive and thrive.
I myself was a casualty of a "downsizing" a few years ago. It happens. It isn't the end of the world. You brush up your resume, get out and hustle, and find a new job. Only in the tortured, idiotic mindset of a liberals does it make any sense that all jobs should be permenant and unending. Grow up people.