Unfettered Capitalism

[georgephillip]

Elon Musk just sold $5 billion worth of company owned stock, moron.

What kind of stock, Sparky?

Tesla Plans Share Sales Up to $5 Billion on Musk Growth Push.

"The Palo Alto, California-based company will sell as much as $5 billion in shares 'from time to time' through an agreement with several banks, according to a regulatory filing Tuesday.

"Tesla plans to use the proceeds to strengthen its balance sheet and for general corporate purposes as Chief Executive Officer Elon Musk makes the most of surging demand from retail investors for the company’s shares."

 

[georgephillip]

They reduce the number of shares outstanding and therefore increase my ownership stake.
What's not to like?

 

[bripat9643]

Elon Musk just sold $5 billion worth of company owned stock, moron.

What kind of stock, Sparky?

Tesla Plans Share Sales Up to $5 Billion on Musk Growth Push.

"The Palo Alto, California-based company will sell as much as $5 billion in shares 'from time to time' through an agreement with several banks, according to a regulatory filing Tuesday.

"Tesla plans to use the proceeds to strengthen its balance sheet and for general corporate purposes as Chief Executive Officer Elon Musk makes the most of surging demand from retail investors for the company’s shares."

I already told you, it's company owned stock. The Tesla company owns about 60% of the outstanding stock.

 

[georgephillip]

Whatever he called it, it would still be a failure where everyone starved and wallowed in poverty.

How many died from capitalism since 1945?

 

[Toddsterpatriot]

They reduce the number of shares outstanding and therefore increase my ownership stake.
What's not to like?

Freedom to spend company funds as they like, including buying back shares.
Look, I'm sorry you're such a poor, miserable failure.
If only you'd known about "The Opposite"

 

[georgephillip]

OK, Friedrich Engels

I've been called worse

Friedrich Engels Definition

"Understanding Friedrich Engels

"Friedrich Engels was born on November 20, 1820, in Prussia, or what is now Germany. He was the eldest son of a wealthy textile manufacturer Friedrich Sr. and Elisabeth Engels.

"At an early age, Engels developed a profound sense of cynicism toward major societal institutions like religion.

"He was opposed to organized religion and capitalism, much of which was influenced by the writings of German philosopher Georg Wilhelm Friedrich Hegel.

"Engels helped develop the foundations of the labor theory of value and exploitation of labor prior to meeting Karl Marx years later."

 

[georgephillip]

You seriously don't understand how stocks work. I'm not going to explain it to you. You're on the internet. Do some reading outside the Communist Manifesto.

But stocks are funding the corporation. Sad, government schools. Just sad

Government schools teach the stock market is not the economy.
Do you agree?

The Divine Right of Capital by Marjorie Kelly: A Summary

"'If equality under the law is the hallmark of democracy, privilege sanctioned by law is the hallmark of aristocracy.'

"Just as feudal lords extracted wealth from serfs on their lands, today’s aristocracy does the same with corporations. Privilege – the right of the aristocracy – is 'a right to income detached from productivity.'

"After the fall of the Roman empire, the feudal lords emerged as a source of order. They played a valuable role in bringing social stability, but over time this role and its associated responsibilities faded – and the benefits did not.

"The same has happened with stockholders today."

 

[Toddsterpatriot]

You seriously don't understand how stocks work. I'm not going to explain it to you. You're on the internet. Do some reading outside the Communist Manifesto.

But stocks are funding the corporation. Sad, government schools. Just sad

Government schools teach the stock market is not the economy.
Do you agree?

The Divine Right of Capital by Marjorie Kelly: A Summary

"'If equality under the law is the hallmark of democracy, privilege sanctioned by law is the hallmark of aristocracy.'

"Just as feudal lords extracted wealth from serfs on their lands, today’s aristocracy does the same with corporations. Privilege – the right of the aristocracy – is 'a right to income detached from productivity.'

"After the fall of the Roman empire, the feudal lords emerged as a source of order. They played a valuable role in bringing social stability, but over time this role and its associated responsibilities faded – and the benefits did not.

"The same has happened with stockholders today."

Privilege – the right of the aristocracy – is 'a right to income detached from productivity.'

Ownership. Moron.

 

[kaz]

Socialism is government control over the economy. It's central economic planning. That is the opposite of capitalism, which is distributed economic planning. Capitalism is just economic freedom. In capitalism, consumers, suppliers, employees, employers make our own best decisions. Only government can centrally plan an economy because only government can use guns to force people to make choices against our best interest.

We understand it fine, comrade. You don't know what you're talking about

Name a socialist country in Western Europe. Just one that meets the above criteria.

Today in Western Europe they have large socialist programs, but not direct central economic planning. Germany, Italy, Spain were socialist, but they failed and while having massive socialist programs are largely free market economies. Though the heavy taxes and redistribution of wealth are large socialist programs and those exist across Western Europe

I'd say more Portugal and Greece were socialist. And they are paying for it now, especially Greece. Socialist programs amongst a capitalist regime is not socialism.

Socialist programs are socialist programs. You're just playing games

 

[kaz]

My God government schools are apparently as bad in New Zealand as they are here. Sorry, guy. Try reading my post again. Read slower and try to sound it out if you have to. Or maybe you're right and you're a moron. Companies have to compete with other companies for your business. Government eliminates its competition. And you think people work harder when they aren't accountable. You're not a functioning adult

And in unfettered capitalism you have a similar thing except monopolies are eliminating competition...Why do you think the Sherman Act came into being.

Name sustained monopolies where the competition was not eliminated by government. Go ...

Standard Oil if they had their way. But that is the point. The government stopped it from happening. Microsoft kinda, too...although that was an altogether different beast.

Irrelevant. Again, Standard Oil was nothing compared to oil today. Microsoft wasn't sustainable. So ...

... Let's try this again. Name sustained monopolies where the competition was not eliminated by government. Go ...

 

[georgephillip]

Socialists aren't rational, you are greedy

Socialists want to bring democracy to the workplace.
Does that scare you?

 

[kaz]

You seriously don't understand how stocks work. I'm not going to explain it to you. You're on the internet. Do some reading outside the Communist Manifesto.

But stocks are funding the corporation. Sad, government schools. Just sad

Government schools teach the stock market is not the economy.
Do you agree?

The Divine Right of Capital by Marjorie Kelly: A Summary

"'If equality under the law is the hallmark of democracy, privilege sanctioned by law is the hallmark of aristocracy.'

"Just as feudal lords extracted wealth from serfs on their lands, today’s aristocracy does the same with corporations. Privilege – the right of the aristocracy – is 'a right to income detached from productivity.'

"After the fall of the Roman empire, the feudal lords emerged as a source of order. They played a valuable role in bringing social stability, but over time this role and its associated responsibilities faded – and the benefits did not.

"The same has happened with stockholders today."

Um ... what?

 

[kaz]

Socialists aren't rational, you are greedy

Socialists want to bring democracy to the workplace.
Does that scare you?

Not at all unless you are referring to your standard standard that other people can vote to take my own money away from me.

So I hire you, that means that I was your best offer. By what right does that mean you pull out a gun and rob me? Explain ...

 

[georgephillip]

Stock buybacks are very good for the market. It shows management has faith in the company moving forward.

Why were they illegal before Reagan came to DC?

Those stock buybacks are just another Wall Street scam

"Furthermore, stock repurchases are a clever accounting trick to inflate the much-publicized earnings per share metric for a stock.

"One way to increase EPS is to see bigger profits that increase the numerator in this calculation, but shrinking the number of shares in the denominator can have the same effect."

 

[kaz]

Stock buybacks are very good for the market. It shows management has faith in the company moving forward.

Why were they illegal before Reagan came to DC?

Those stock buybacks are just another Wall Street scam

"Furthermore, stock repurchases are a clever accounting trick to inflate the much-publicized earnings per share metric for a stock.

"One way to increase EPS is to see bigger profits that increase the numerator in this calculation, but shrinking the number of shares in the denominator can have the same effect."

And go back to my full quote where I explained it to you, junior

 

[Toddsterpatriot]

Stock buybacks are very good for the market. It shows management has faith in the company moving forward.

Why were they illegal before Reagan came to DC?

Those stock buybacks are just another Wall Street scam

"Furthermore, stock repurchases are a clever accounting trick to inflate the much-publicized earnings per share metric for a stock.

"One way to increase EPS is to see bigger profits that increase the numerator in this calculation, but shrinking the number of shares in the denominator can have the same effect."

Why were they illegal before Reagan came to DC?

Because a law was passed and never repealed before Reagan.

Those stock buybacks are just another Wall Street scam

If your company announces a buy back and you don't like the idea, sell your shares.

"One way to increase EPS is to see bigger profits that increase the numerator in this calculation, but shrinking the number of shares in the denominator can have the same effect."

Yup.

 

[georgephillip]

I agree that Trump is the anti-Reagan.
But Trump has an R next to his name and thus you hate him.
All entities since Reagan have dropped the ball concerning nationalistic concerns, but aren’t you all for Globalism and Open Borders?

I hated Democrats when Trump had a D next to his name along with Republicans like Reagan and Bush. I never had much respect for globalization, but I suspect if borders are open to capital they have to be equally free to labor?

 

[Toddsterpatriot]

I agree that Trump is the anti-Reagan.
But Trump has an R next to his name and thus you hate him.
All entities since Reagan have dropped the ball concerning nationalistic concerns, but aren’t you all for Globalism and Open Borders?

I hated Democrats when Trump had a D next to his name along with Republicans like Reagan and Bush. I never had much respect for globalization, but I suspect if borders are open to capital they have to be equally free to labor?

I suspect if borders are open to capital they have to be equally free to labor?

Nope. Not even a little bit.

 

[Dr Grump]

Socialist programs are socialist programs. You're just playing games

Call them what you will. Who defines what a socialist program is anyway.
And my main plank is, a socialist program - or whatever you want to call it - in a functioning democracy doesn't make that democracy a socialist country. Most conservatives see any type of government program as socialism and therefore tries to vicariously tie that to being that the whole government, or system, is socialist. It's just stupid.

 

[danielpalos]

They could raise the minimum wage to fifteen dollars an hour to generate around five times more in tax revenue than we do now with the current minimum wage.

When YOU start your own business, YOU should definitely do that.

Sure, no problem. I am not on the right wing and only know how to lose money with a Commerce Clause and a Central bank.

You are happy with the status quo of people being under-educated; I am not.

What are you talking about?