Indeependent
Diamond Member
- Nov 19, 2013
- 73,633
- 28,506
Prior to Reagan, firms were NOT hurt by giving benefits.
The fact of the matter is that the DOT COM Bubble gave Directors, CEOs and many Investors exorbitant rewards that they really didn't work for.
But no one wants to give up the INCREDIBLE excess they bought into during that period.
If I were a Director with a surgically enhanced wife and lovers in 20 countries plus God knows how much property, I wouldn't want to give it up either.
But the Middle Class can no longer fund America's infrastructure.
Pensioners? 401K holders?
Their investments are way overvalued and why should the working stiffs of today give a damn about the retirees who don't give a damn about people who are working and making less and less?
McDonalds? Why are you conflating a TOTALLY automated franchise with Financial, Software and Appliance Firms that are replacing Americans with Indians?
Every McDonalds, is by it's very nature, is a low wage job.
They also pay their White Collar people shit money but the fact is that their operations are 99% automated and don't really required White Collar expertise.
The uber-wealthy have 1 vote but immeasurable greater INFLUENCE over our legislation than the average worker.
Every single one of your talking points is absolute nonsense as the wealth has been legislatively manipulated into the hands of the few.
America is gone within 10 years at the pace we are going.
I don't know what you are talking about, except that you are taking very small examples, and trying to apply it to everyone.
Very few CEOs of the dot.com bubble made millions while providing nothing. Very few. Similarly, investors were largely wiped out. Of course there were a few shady guys who created fake dot.companies, sold stock to investors, who knew it was a fake, let the price go up, and bailed out.
But there are always scams, and are always tiny isolated examples. And these people don't have anything left today anyway. They were scam artists. The few stories I've read about that, they are hiding in Latin America, and will never come back unless they are extradited.
Most of the bubble, was just a bubble. CEOs who invested heavily into companies that didn't make it, didn't walk out millionaires, unless perhaps they had other assets not tied to the company. Which means they earned it. Nor did investors who bought into it. Some had millions and ended up with thousands... again unless they had other investments that were successful.
The only people who are still wealthy from the dot.com bubble, are the companies which made it. Amazon, Google, and others. And they did earn what they have. You are wrong about that.
Oh please. We most certainly can afford infrastructure spending. It's not even that big of a deal. The problem isn't that we can't afford it. The problem is, we want to spend on other things.
It's just like most Americans could (before obamacare) easily afford health insurance. The average American spent twice as much on eating out, smart phones, TVs and cable, cars, and other entertainment (movies, football games, and so on). Similarly most Americans can easily afford to save for retirement. They would just rather have a beer, watch ESPN, and order a pizza, instead of save the money for retirement.
We can easily.... EASILY... afford all the infrastructure you could ever possibly want. Infrastructure spending today, is higher per-capita, than it was in the 90s, 80s, 70s, 60s, 50s, and 1940s. We spend more, per person, on infrastructure, than the European Union or the UK. Only Japan and Australia spend more.
But we would rather spend the money on special interest groups, Medicare, Medicaid, Social Security, Green-Energy, Unions, Welfare, Food Stamps, and a million other programs.
The entire Department of Transportation budget was only $11 Billion. Let's take some of that $23 Billion in farm subsidies, and fix the pot holes. Can't do that, gotta subsidize farms, right? Or the education $38 Billion in education programs. Nope, can't cut that. Gotta have money for the education union.
See, you people want everything. Just give me everything. I want free this, and free that, and subsidized schools, and so on. Then you complain..."oh there's no money to fix the pot holes!". Whose fault is that? Yours. We could cut taxes by 50%, and still fund the military, and have enough money left over, to build every bridge you people could dream up AND pay off the national debt.
We just can't do it, and fund every program you want, and every Obama Phone, and every SNAP card, and every subsidy, and every government grant... . and then you want to blame the rich??? No no, the problem is in your mirror.
People are not making less and less. That's just another myth. Not true. You are factually incorrect.
The minimum wage people of today, live a life of almost luxury, compared to the minimum wage people of yesterday.
The average minimum wage worker, lives in dwelling of Air Conditioning and high speed internet, and nation wide communication, and owns two automobiles. Things that 30, 40 and 50 years ago, only the richest of the rich could afford.
It's simply a myth. Two minimum wage workers, are the top 1% of wager earners on the face of the Earth. You are complaining about a life that most people on this Earth consider to be legend and for royalty.
In fact, the average welfare check places you in the top 20% of wage earners in the world.... without earning a wage.
The Average US Welfare Payment Puts You In The Top 20% Of All Income Earners
You missed it. If you work at nearly all companies, you get company stock. You should care, because the person you are harming, by taxing the company.... IS YOU.
Now if you refuse to join the 401k, and the profit sharing plan.... THEN THE PROBLEM IS STILL YOU.
Either way... you are harming YOU by demanding companies pay higher tax.
We've been over this. Yes some companies are hiring immigrants. Some are hiring Indians or whatever. Again, you seem to take a few select examples, and try and apply it to everyone. There are hundreds of thousands of companies. There are not all, or even the majority, hiring only foreign workers.
Regardless, what does this have to do with anything? If you force companies to pay higher corporate taxes.... explain how that is magically going to get them to not hire foreigners? If anything higher taxes would force the company to look for ways to cut costs. One of which is to replace Americans with cheaper labor.
Beyond that even, you can't pay people more than the labor is worth. If the customer isn't willing to pay me $100 to mow their lawn, I can't hire an employee and pay them $100 to mow the lawn. I would go out of business.
If the value of the work you do, isn't worth $100,000 a year to the customer, then the company can't pay you $100,000 a year for that work. No tax policy you make up, is going to change that. It can only make that problem worse.
The wealthy have more influence. Yes. Of course they do. They have since the dawn of human existence. They have throughout all civilization. And they will continue to have, until the end of the Earth.
Even if you go to an isolated tribal people in the middle of the Congo... the person with the best hut, the most wives, and the most children, has the most influence over the tribal leadership.
If you are trying to tell me, that you can't be happy, or you think the country will end, unless we eliminate the influence of the wealthy on government.... then first the country should have imploded 200 years ago, second you should bend over, and kiss your own butt goodbye.
You are destined to be a miserable sad bitter person until you die. Because I can't guarantee much, but I would stake my entire life, and everything I have on this. You will never.... at any point... in this country, or any other... have a system where the wealthy do not have more influence than the rest of society.
No amount of laws. No amount of regulations. No policies you could ever dream up. Nothing will ever change this fact.
People do not tend to vote for impoverished beggars. Haven't seen a homeless bum yet, who ran for public office and won.
Middle class plumbers, don't have time, or the money, to run for public office. And middle class business owners, are busy..... running their business.
Only the successful and wealthy, run for office. And naturally wealthy and successful people, don't hang out with bums and homeless people. So your friends, and your network, is going to be wealthy people like you, when you get into office.
This is how it has always been, throughout all the world, and throughout all human history. It will never change. If this is the fight you want to fight, and the hill you are willing to die on... then get ready to die on a hill. You are not going to change this.
You are correct..
We CAN afford infrastructure.
As soon as we do what Ben Stein suggests...
Severely raise Income Tax on the uber-wealthy and Corporate Taxes.
Why does Ben Stein say this?
Because the Corporations, Directors and CEOs of MNCs are FLUSH with cash they'll never be able to spend in their lifetimes.
Throughout the late 90s and 2000s, Robert Reich was one of the paid shills telling us how destroying America would make it great.
Of course Reich never say "destroy", he simply said America would gain 5 indigenous careers for every H1-B; he DIDN'T say these careers would be janitors. He also didn't say that the H1-Bs who were fired after that received their Green Cards would replace the non-Indian H1-B janitors.
He told us Off-Shoring would stimulate more factories in the US...WRONG.
NOW Mr. Reich is not saying he was paid to LIE, he's saying his Economic Model was WRONG!
The other famous argument is that American corporations were moving overseas to pay lower taxes.
We find out NOW that these corporations are, for the most part, trying to get away with paying ZERO taxes.
No, my Neo-Con tool, NONE of your cherry picked arguments from Neo-Con sites can fool someone like myself who has been, thanks to my son, reading the same bullshit in Financial Publications that YOU have been reading.
Wrong again. We've already covered this. None of them, regardless of how much you think they are flush with cash, are going to pay the taxes you want.
How many times are you going to need to be shown this, before you figure it out? How many time do you need to have the examples posted to you over and over, before you stop claiming it will work?
Wealthy avoid taxes by moving assets to no-tax states
The wealthy are going to avoid your taxes. The higher you push up those taxes, the more they will avoid them.
I've posted hundreds of examples, from around the world, and now examples from within the United States.
They are not paying zero tax. You and your side, have been spewing that unsupportable, unprovable, allegation for a decade now.
Yeah, I'd like a list of names of people whose jobs were replaced by H1-B visas, and are now emptying garbage cans. Do show the exact numbers of this.
Sorry, but my cherry picked examples are dead on. Can compared to your ZERO examples, and endless proven false arguments, are far more compelling.
You have shown THEORIES, not concrete examples.
The laws the wealthy bribed into legislation must be reversed.
In terms of H1-Bs, where the hell do you live? In a cave?
Has YOUR city been an H1-B hotbed?
NYC and LI sure are.
Please don't tell me you live in Wyoming or Idaho and think you know what's going on in H1-B hotbeds.
I suggest you start reading the WSJ starting in 1998 and realize how many lies you believe.
We have tons of H1-Bs here in Columbus Ohio. Tons. And I have yet to meet one single person, in all the companies I have worked for, over the past 20 years, that is now emptying trash cans, because they were replaced. The only people I know that have been replaced at all, were replaced for their incompetence. And even then, they haven't gone to emptying trash cans. They generally find a position that they can handle in the same field.
That wasn't a theory. That was an established, documented fact. As have all the examples I have given. I'm sorry, but when I post a link, to documented evidence, and you scream "that's not fact, that's opinion", all you do is discredit yourself.
The H1-Bs in NYC are methodologically laid off and replace minorities at Home Depot, etc...