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Pay attention:But rich people are richer than ever. GM in Detroit profited BILLIONS by killing Americans.
Is everyone okay with that? Do you think that a $35 million fine is a fitting punishment for a corporation that profited billions while knowingly killing Americans by refusing to fix a very simple defect in their cars for almost a decade?
You're all getting pissed off at poor people who can't afford water while the fantastically wealthy get away with profiting off of killing Americans like you.
GM did not profit "by killing Americans". First off, I do not think that GM has made much of a profit at all for a number of years to amount to much. Secondly, there is always a cost-benefit analysis when it comes to product liability cases. If that offends your delicate sensibilities, then fine. However, if the price of your Chevy Cobalt increases $2-3,000.00, or more, because of the increased cost to make it both fool proof and as safe as possible, then you will be crying foul again because you cannot afford one.
Yes, GM may have let it slide a bit on safety concerns in this one, isolated incident. They will pay for it in the form of civil liability and harm to the brand. Well, actually we will pay for it, as equity holders. However, they most certainly were not profiting from the act of people dying. You are being terribly misleading here and you are libeling the company, which is a pretty despicable thing in itself and is something that demonstrates poor character on your part.
Grow up. This whole idea of punishing the wealthy is juvenile. There is no group of fat-cat white males sitting in a room lighting fine cigars with burning $100 bills while laughing at poor people. The company is owned by shareholders and managed by a Board of Directors who owe a fiduciary duty to those shareholders to maximize the value of their shares. The executives work for the Board. Individuals own shares, their 401(k) plans includes ownership of shares, people own funds that includes equity ownership, and in the case of GM, the American taxpayer has an equity ownership in the company. It is a publicly-owned company heavily regulated on many levels by the federal government.
GM said Thursday it earned $1.2 billion, or 75 cents a share, in the quarter, down from $1.5 billion it earned a year earlier.
GM narrows European loss, improves profit at home - Jul. 25, 2013
GM only counted drivers and front seat passengers who were killed in head-on accidents in which the air bag did not deploy. Passengers who died in side-impact accidents weren't counted because airbags aren't designed to deploy in side crashes. Fatalities of back seat passengers were also excluded from the total, because there are no rear airbags.
GM: Recall death toll may be more than 13 - Jun. 5, 2014
Engineers Knew of Ignition Problems and Expected Drivers to Coast Out of Traffic, Documents Show
GM Engineers Dismissed Stalling Cobalt Dangers - WSJ
And with ALL OF THAT against them, the richest 1% of the population have reaped 95% of the financial gains since Obama was elected.Why does anyone ever talk about "wealth redistribution"? Where the fuck do you see ANY of that going on? Where? The GLOBAL rich are richer than ever and only getting richer, so where is all of this "global wealth redistribution"?
Point out one example of rich people suffering at the hands of the impoverished masses. ANYWHERE. Communist China has billionaires. Where are rich people losing their fortunes to the moocher class?
Ok, I will take a smack at this softball.
In America, wealth redistribution is seen in the following:
Income taxes
Capital gains taxes (which is an income tax)
The 3.8% ACA surcharge tax on capital gains earnings in excess of $250,000.00
The benefits packages paid to employees as a result of the ACA and collective barraging agreements
The ad valorem taxes assessed by state and local governments
The matching Social Security and Medicare matching contributions that must be paid by employers
The compliance costs related to federal regulations
The fines and fees imposed by federal regulatory agencies
Unemployment tax contributions
The carbon emissions tax
Numerous federal and state highway taxes and usage fees required for distribution (trucking)
Excise taxes and tariffs
Now, when your commerce crosses international borders you have all of these expenses and taxes in each country. Plus, there are other taxes imposed upon foreign countries conducting business inside of countries. In some countries you have individual income tax rates that dwarf those in America. In addition, there is additional risk in conducting business overseas, including political risk.
Further, you have the leftist-socialist-anarchist assholes calling for redistribution. This international push is resulting in increased risk (meaning increased costs). There is slander, strikes, and violence spawning from this ideological rhetoric. Wealth is constantly being drained from the wealth creators all over the world, and the rate of loss is expanding as economies are faltering.
Don't be an asshole. Open your eyes. Maybe divert some of your income from buying weed and buy a book or two and educate yourself.
U.N. Confirms It Will Intervene in Detroit
Apparently the UN is threatening to intervene in Detroit and force it's inhabitants to be provided water even if they don't or can't pay for it.
Detroit is a microcosm of the liberal path. Destroy the city and hope for a federal and/or international takeover.
I'm sorry but no, I don't know or care.Do you or do you not understand that "earnings" and "profits" are NOT the same thing?!
First quarter automotive cash flow from operating activities of $2.0 billion and automotive free cash flow of $0.2 billion were both significantly improved compared with the first quarter of 2013. GM ended the quarter with very strong total automotive liquidity of $37.4 billion. Automotive cash and marketable securities was $27.0 billion compared with $27.9 billion at year-end 2013.
Earnings Releases - Quarterly Reports & Financial Releases | GM.com
And with ALL OF THAT against them, the richest 1% of the population have reaped 95% of the financial gains since Obama was elected.Why does anyone ever talk about "wealth redistribution"? Where the fuck do you see ANY of that going on? Where? The GLOBAL rich are richer than ever and only getting richer, so where is all of this "global wealth redistribution"?
Point out one example of rich people suffering at the hands of the impoverished masses. ANYWHERE. Communist China has billionaires. Where are rich people losing their fortunes to the moocher class?
Ok, I will take a smack at this softball.
In America, wealth redistribution is seen in the following:
Income taxes
Capital gains taxes (which is an income tax)
The 3.8% ACA surcharge tax on capital gains earnings in excess of $250,000.00
The benefits packages paid to employees as a result of the ACA and collective barraging agreements
The ad valorem taxes assessed by state and local governments
The matching Social Security and Medicare matching contributions that must be paid by employers
The compliance costs related to federal regulations
The fines and fees imposed by federal regulatory agencies
Unemployment tax contributions
The carbon emissions tax
Numerous federal and state highway taxes and usage fees required for distribution (trucking)
Excise taxes and tariffs
Now, when your commerce crosses international borders you have all of these expenses and taxes in each country. Plus, there are other taxes imposed upon foreign countries conducting business inside of countries. In some countries you have individual income tax rates that dwarf those in America. In addition, there is additional risk in conducting business overseas, including political risk.
Further, you have the leftist-socialist-anarchist assholes calling for redistribution. This international push is resulting in increased risk (meaning increased costs). There is slander, strikes, and violence spawning from this ideological rhetoric. Wealth is constantly being drained from the wealth creators all over the world, and the rate of loss is expanding as economies are faltering.
Don't be an asshole. Open your eyes. Maybe divert some of your income from buying weed and buy a book or two and educate yourself.
The wealthy are wealthier now than ever before in history, so in what way is Obama a "socialist"? You live in a fucked-up fantasy realm of pixies, dragons and oppressed rich people. "Open your eyes". Jesus Christ, man.
I'm sorry but no, I don't know or care.Do you or do you not understand that "earnings" and "profits" are NOT the same thing?!
Why does anyone ever talk about "wealth redistribution"? Where the fuck do you see ANY of that going on? Where? The GLOBAL rich are richer than ever and only getting richer, so where is all of this "global wealth redistribution"?
Point out one example of rich people suffering at the hands of the impoverished masses. ANYWHERE. Communist China has billionaires. Where are rich people losing their fortunes to the moocher class?
Ok, I will take a smack at this softball.
In America, wealth redistribution is seen in the following:
Income taxes
Capital gains taxes (which is an income tax)
The 3.8% ACA surcharge tax on capital gains earnings in excess of $250,000.00
The benefits packages paid to employees as a result of the ACA and collective barraging agreements
The ad valorem taxes assessed by state and local governments
The matching Social Security and Medicare matching contributions that must be paid by employers
The compliance costs related to federal regulations
The fines and fees imposed by federal regulatory agencies
Unemployment tax contributions
The carbon emissions tax
Numerous federal and state highway taxes and usage fees required for distribution (trucking)
Excise taxes and tariffs
Now, when your commerce crosses international borders you have all of these expenses and taxes in each country. Plus, there are other taxes imposed upon foreign countries conducting business inside of countries. In some countries you have individual income tax rates that dwarf those in America. In addition, there is additional risk in conducting business overseas, including political risk.
Further, you have the leftist-socialist-anarchist assholes calling for redistribution. This international push is resulting in increased risk (meaning increased costs). There is slander, strikes, and violence spawning from this ideological rhetoric. Wealth is constantly being drained from the wealth creators all over the world, and the rate of loss is expanding as economies are faltering.
Don't be an asshole. Open your eyes. Maybe divert some of your income from buying weed and buy a book or two and educate yourself.
And with ALL OF THAT against them, the richest 1% of the population have reaped 95% of the financial gains since Obama was elected.
The wealthy are wealthier now than ever before in history, so in what way is Obama a "socialist"? You live in a fucked-up fantasy realm of pixies, dragons and oppressed rich people. "Open your eyes". Jesus Christ, man.
Where is GM headquartered? Detroit, right? And how much did GM profit while killing Americans? In the billions, right? So Detroit residents can't afford water but GM can profit billions from killing Americans.
God bless the Land of The Free Corporate Market.
None of you have a problem with GM profiting billions while killing Americans? While the citizens in the city in which that corporation resides can't get clean water? No one cares about that? It's all liberals fault that GM profited so many billions of dollars while the city starved around them. It's Obama's fault. It's everyone's fault except GM, right?
GM paying for Detroit residents to have clean drinking water can be the beginning of GM's atonement for profiting off of the preventable deaths of Americans.
Check out the UN Commissar on Water Rights.
What is she? 21 yrs old? SHE is gonna order Detroit to distribute free water
services?
Detroit 'must ensure it does not contravene human right to water' UN official Catarina de Albuquerque says - Americas - World - The Independent
Article says that England has policy not to disconnect unpaid customers. GUARANTEE -- in this country, you'd be paying 30% of your water bill for free-loaders.
if they can not shut off the water why bother to pay
--LOL
Check out the UN Commissar on Water Rights.
What is she? 21 yrs old? SHE is gonna order Detroit to distribute free water
services?
Detroit 'must ensure it does not contravene human right to water' UN official Catarina de Albuquerque says - Americas - World - The Independent
Article says that England has policy not to disconnect unpaid customers. GUARANTEE -- in this country, you'd be paying 30% of your water bill for free-loaders.
if they can not shut off the water why bother to pay
--LOL
You've actually just nailed what this UN action is really about. It's about Human Rights.
In THIS COUNTRY -- we now have
Healthcare as a right.
Free phones as a right.
Free education as a right.
Family leave is a right.
Working on --
Low cost housing as a right.
Living Wages as a right.
Free energy as a right.
Free birth control as a right.
Unlimited immigration as a right.
Well we are not moving fast enough to keep up with the rest of the world.
Because obviously free showers and free water is also a right.
Where do we send the bills???
Where is GM headquartered? Detroit, right? And how much did GM profit while killing Americans? In the billions, right? So Detroit residents can't afford water but GM can profit billions from killing Americans.
God bless the Land of The Free Corporate Market.
None of you have a problem with GM profiting billions while killing Americans? While the citizens in the city in which that corporation resides can't get clean water? No one cares about that? It's all liberals fault that GM profited so many billions of dollars while the city starved around them. It's Obama's fault. It's everyone's fault except GM, right?
GM paying for Detroit residents to have clean drinking water can be the beginning of GM's atonement for profiting off of the preventable deaths of Americans.
The GM ignition switch "problem" is mostly a scam. Honestly...if I had a car with the "bad" switch, I'm not even sure I'd bother to bring it in. (Of course, I DON'T hang 4 pounds of junk on my keychain!)
You people are amazing.
GM sucked up billions to itself while killing Americans, and all you can do is blame poor people for not being able to afford water.
What part of "GM can buy water for all of Detroit" is too difficult to comprehend? GM took public funds to stay in business and then killed members of the public. GM needs to fucking pay, and the most obvious way is to force the company to spend a small percentage of its blood-drenched profits on thousands of impoverished American citizens who will die without water.
The problem is that rich people don't care if poor people live or die.
You people are amazing.
GM sucked up billions to itself while killing Americans, and all you can do is blame poor people for not being able to afford water.
What part of "GM can buy water for all of Detroit" is too difficult to comprehend? GM took public funds to stay in business and then killed members of the public. GM needs to fucking pay, and the most obvious way is to force the company to spend a small percentage of its blood-drenched profits on thousands of impoverished American citizens who will die without water.
The problem is that rich people don't care if poor people live or die.
Check out the UN Commissar on Water Rights.
What is she? 21 yrs old? SHE is gonna order Detroit to distribute free water
services?
Detroit 'must ensure it does not contravene human right to water' UN official Catarina de Albuquerque says - Americas - World - The Independent
Article says that England has policy not to disconnect unpaid customers. GUARANTEE -- in this country, you'd be paying 30% of your water bill for free-loaders.
if they can not shut off the water why bother to pay
--LOL
You've actually just nailed what this UN action is really about. It's about Human Rights.
In THIS COUNTRY -- we now have
Healthcare as a right.
Free phones as a right.
Free education as a right.
Family leave is a right.
Working on --
Low cost housing as a right.
Living Wages as a right.
Free energy as a right.
Free birth control as a right.
Unlimited immigration as a right.
Well we are not moving fast enough to keep up with the rest of the world.
Because obviously free showers and free water is also a right.
Where do we send the bills???
It was Bush that bailed out GM, Republicunt.You people are amazing.
GM sucked up billions to itself while killing Americans, and all you can do is blame poor people for not being able to afford water.
What part of "GM can buy water for all of Detroit" is too difficult to comprehend? GM took public funds to stay in business and then killed members of the public. GM needs to fucking pay, and the most obvious way is to force the company to spend a small percentage of its blood-drenched profits on thousands of impoverished American citizens who will die without water.
The problem is that rich people don't care if poor people live or die.
you commies are disgusting......it's gimmee...gimmee....gimmeee....nonstop...
Obama gave GM our money when GM should have just gone bankrupt instead....
Detroit is bankrupt because of the gimmee commies that ran the city into the ground...
It was Bush that bailed out GM, Republicunt.You people are amazing.
GM sucked up billions to itself while killing Americans, and all you can do is blame poor people for not being able to afford water.
What part of "GM can buy water for all of Detroit" is too difficult to comprehend? GM took public funds to stay in business and then killed members of the public. GM needs to fucking pay, and the most obvious way is to force the company to spend a small percentage of its blood-drenched profits on thousands of impoverished American citizens who will die without water.
The problem is that rich people don't care if poor people live or die.
you commies are disgusting......it's gimmee...gimmee....gimmeee....nonstop...
Obama gave GM our money when GM should have just gone bankrupt instead....
Detroit is bankrupt because of the gimmee commies that ran the city into the ground...
But, yes, Republicunt, this is about "gimmee, gimmee, gimmee." Gimmee Justice like we live in a civilized country. Gimmee some hope that Justice doesn't serve the Almighty failing dollar. Gimmee some idea that our nation's laws serve Justice instead of only serving the highest bidder.
You're perfectly fine with rich people making billions of dollars off of the deaths of American citizens, but you draw the line at poor people wanting water to survive.
You people are fucking sick.
