Warren and the Divine Right of Capital: Accountable Capitalism Act

[Andylusion]

You claim capitalists are greedy...but you and other socialists think you're entitled to what you didn't earn.

YOU'RE greedy, George. This is undeniable.

You claim capitalists are greedy...but you and other socialists think you're entitled to what you didn't earn.

YOU'RE greedy, George. This is undeniable

The greed of capitalism produces waste through externalities that require costly, public corrective measures and regulation. Capitalists get rich from clean, clean coal, for example, while externalizing health and air quality onto the greater society. Capitalism also concentrates power and wealth within a small segment of society who don't use available technology and resources for their maximum potential in the interest of the public, but rather concentrating wealth into fewer and fewer hands with each passing generation.

George, when has government ever solved any of the problems you claim it can solve?

eorge, when has government ever solved any of the problems you claim it can solve?

Social Security solved the problem of senior poverty in the US, and state, local, and federal governments greatly improved air quality in the LA basis over the past fifty years. When have capitalists ever cleaned up any of their externalities without government mandate?

Social Security is exactly the kind of Ponzi scheme you've been screeching about.

But consistency is not your strong suit, is it?

Social Security is exactly the kind of Ponzi scheme you've been screeching about.

But consistency is not your strong suit, is it?

"GOP Candidate Rick Perry caused a relative firestorm in recent weeks by referring to Social Security as a Ponzi Scheme. This has caused a number of rebuttals – one I’m particularly fond of – being a visual person – is this one at MotherJones.

"While that graphic makes a number of good points – and it may reasonably demonstrate that Gov. Perry’s statement that 'Social Security is a Ponzi Scheme' is false as-stated at face-value – it doesn’t really acknowledge that there are some striking similarities between the two – let’s explore..."

Eschewing Obfuscation » Social Security and Ponzi Schemes

SO there is a couple of statements on your Venn Diagram that needs fixed, and some things that are missing.

1. Both engage in clear Fraud. They lie to people about how the system works. Both a Ponzi Scheme, and Social Security, total lies.
2. Contrary: Both put out false statements about how much they have "earned".
3. Contrary: Social Security invests in nothing. Refer to point one, about fraud. (I'll explain more on this later)
4. Whether legal authorities intervene or not, the system does not work. Legislation has never prevented collapse, only delayed it. Social Security has been modified many times. When it was first created, it was a 1% tax. Now it's a 15% tax. Still going broke.

So back to number 3... Your graphic says that Social Security can only be invested in US Treasury Bonds. This is a lie. This is the clear fraud I was referring to. Social Security does not invest in US Treasury Bonds. Never was. Never has. Never will be.

The money that goes into Social Security, is spent, like any other tax money. It is not "invested". There are no investments.

Now to complete the Fraud, the government had to make up a method, so that it appears there are investments, when there are none.

To do this, they made up.... just fabricated a new type of "bond". These "bonds" are not real. They are no more real, than me taking a crayon, and writing "US Bond" on a white piece of paper.

To explain this..... if you purchase a US Treasury Bond online, you will get a US bond. This certificate has a market value. If the bond is 30-years, it will be 30 years before you can cash in that bond to the US government. But you could sell that bond on the open market, and get money for it, before the 30 years is up.

Again... this is because it has a market value.

The "bonds" in the Social Security Trust 'Fund'.... are made up. They are not real bonds. You can't sell them. They have zero market value.

Put another way, if you were in a group of thieves, like a Hollywood movie, and you raided the Social Security Trust Fund, you would leave with lots of paper, and no money. If you stole all the "bonds" in the Social Security Trust Fund, you would have stolen nothing.

Again, this is why when Obama said if we don't increase government borrowing that Social Security would have to be cut... he wasn't lying that time. He was actually saying the truth. There is nothing in the Social Security Trust Fund. Nothing. It's just paper. It has no value.

Social Security, like a Ponzi Scheme, has no investments in anything. There is no savings. No bank accounts. No assets. No ROIs on the money put into it. The money taxed into Socialist Security, is spent just like any other tax money.

 

[Andylusion]

It's pretty easy to accept the fact that if you are not born into money you are never going to have it. It matters not how hard you are willing to work. But you can squeak by....be elated for that.

Those of us lucky enough to be born into this country without the benefit of rich parents are still confronted with some significant peril to personal liberty:

United States incarceration rate - Wikipedia

"In September 2013, the incarceration rate of the United States of America was the highest in the world at 716 per 100,000 of the national population. While the United States represents about 4.4 percent of the world's population, it houses around 22 percent of the world's prisoners."

I've been in the lower class my entire life. Up till 2016, the most money I've ever made in a given year was $20,000 or less, since I was in college.

Never been incarcerated. Likely because I don't violate the law. Have I been pulled over by police? Sure. And I said things like "yes sir", and followed their every command.

If you get put in prison... it's because you deserved to be in prison. Not because you are poor. Being poor is not a crime, and I have seen a video of a police officer asking for a tax return before being arrested, yet.

If you are in prison.... the cause is in the mirror.

If you are in prison.... the cause is in the mirror.

What explains the racial disparity in US prisons?

Jim Crow or redlining?

Or.... people that commit violence crimes end up prison?

 

[Andylusion]

It's pretty easy to accept the fact that if you are not born into money you are never going to have it. It matters not how hard you are willing to work. But you can squeak by....be elated for that.

Those of us lucky enough to be born into this country without the benefit of rich parents are still confronted with some significant peril to personal liberty:

United States incarceration rate - Wikipedia

"In September 2013, the incarceration rate of the United States of America was the highest in the world at 716 per 100,000 of the national population. While the United States represents about 4.4 percent of the world's population, it houses around 22 percent of the world's prisoners."

I've been in the lower class my entire life. Up till 2016, the most money I've ever made in a given year was $20,000 or less, since I was in college.

Never been incarcerated. Likely because I don't violate the law. Have I been pulled over by police? Sure. And I said things like "yes sir", and followed their every command.

If you get put in prison... it's because you deserved to be in prison. Not because you are poor. Being poor is not a crime, and I have seen a video of a police officer asking for a tax return before being arrested, yet.

If you are in prison.... the cause is in the mirror.

f you get put in prison... it's because you deserved to be in prison. Not because you are poor. Being poor is not a crime, and I have seen a video of a police officer asking for a tax return before being arrested, yet.

What percentage of those currently incarcerated in US prisons have had a trial on the charges that put them behind bars?

All?

 

[dblack]

It's pretty easy to accept the fact that if you are not born into money you are never going to have it. It matters not how hard you are willing to work. But you can squeak by....be elated for that.

Those of us lucky enough to be born into this country without the benefit of rich parents are still confronted with some significant peril to personal liberty:

United States incarceration rate - Wikipedia

"In September 2013, the incarceration rate of the United States of America was the highest in the world at 716 per 100,000 of the national population. While the United States represents about 4.4 percent of the world's population, it houses around 22 percent of the world's prisoners."

I've been in the lower class my entire life. Up till 2016, the most money I've ever made in a given year was $20,000 or less, since I was in college.

Never been incarcerated. Likely because I don't violate the law. Have I been pulled over by police? Sure. And I said things like "yes sir", and followed their every command.

If you get put in prison... it's because you deserved to be in prison. Not because you are poor. Being poor is not a crime, and I have seen a video of a police officer asking for a tax return before being arrested, yet.

If you are in prison.... the cause is in the mirror.

If you are in prison.... the cause is in the mirror.

What explains the racial disparity in US prisons?

Jim Crow or redlining?

Or.... people that commit violence crimes end up prison?

People who commit non-violent crimes end up in prison too. And that's the problem. The regulatory state might seem invisible to people with a regular income. It's just an expense of life that they write off. But when you're dead broke, it's damned hard to stay legal. The system pushes the poor into state dependency by regulating away their right to look out for themselves.

 

[Andylusion]

/——-/ Unless employees own significant shares of stock or are invested in a privately held company, they have no say in how the company is run. Don’t like it? Then quit and work somewhere else.

/——-/ Unless employees own significant shares of stock or are invested in a privately held company, they have no say in how the company is run. Don’t like it? Then quit and work somewhere else.

What's wrong with any of the following, Loon?

Accountable Capitalism Act - Wikipedia

"The Accountable Capitalism Act, 115th Congress (2017-2018) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

"The Act contains a 'constituency statute' that would give directors a duty of 'creating a general public benefit' with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.[1]"

/----/ All socialist Bullshyt designed to hamper the economic growth of our country,
"It would require that employees elect 40% of a board of directors..." Who the hell thinks the employees are qualified to pick the Board? The janitor and receptionist get a say? What if the employees are minimum wage, with limited education? They would just be guessing. That's idiotic.

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter." Why? For what purpose? So Progs can over regulate them to death? Besides, it would just cause the companies to restrict their revenue to $999,999,999.99 and to split off into separate companies. Nothing you want will get accomplished. They can just restructure. Gubmint tired this crap in the 1970s with "Whip Inflation Now" and it was a dud. Companies found workarounds. Only the employees got screwed.

"The Act contains a 'constituency statute' that would give directors a duty of 'creating a general public benefit' More liberal double talk. Pure horseshyt with zero benefits and more regulation.

It would require that employees elect 40% of a board of directors..." Who the hell thinks the employees are qualified to pick the Board? The janitor and receptionist get a say? What if the employees are minimum wage, with limited education? They would just be guessing. That's idiotic

Not as idiotic as your pathetic attempt to edit my quote, Rube:

Accountable Capitalism Act - Wikipedia

"The Accountable Capitalism Act, 115th Congress (2017-2018) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending."

Are you sufficiently delusional to believe corporations with over a billion dollars in tax receipts don't have workers who are qualified to pick directors?

What makes you think rich parasites make better choices?

/----/ Pure socialist hogwash with no benefit except to the ruling class.

/----/ Pure socialist hogwash with no benefit except to the ruling class.

How does the ruling class benefit from including productive workers on the board of directors of corporations with over $1 billion in tax receipts?

First... what do you mean "ruling class"? AOC is in one the highest offices in the land, and she was a bartender.

Are bartenders the ruling class now? Obama didn't do diddly jack in his life. He was a "Community Organizer" before he was president. Are "Community Organizers" the ruling class?

You want me to keep going? We can walk through all the people in the House or Reps. There are plenty of people who started off from humble beginnings.

Second.... I would point to Germany. Having union representatives as part of the board of directors, has a lot of benefits to the Company.

Because the moment you have a Union guy on the board.... suddenly the Union cares more about profits, than workers. Because the Union now has their compensation tied to the profits of the company.

It's true. VW the company, actually pushed.... the company itself pushed... to have a Union like the ones in Germany, in Chattanooga TN.

That should tell you something. When the company itself is pushing for Unionization.... they wouldn't do that if it didn't benefit them.

You take a guy that lives off the Union dues of working people, and put him on the board of directors, and magically he'll become the biggest profit minded guy in the room. He's getting paid hundreds of thousands of dollars, to sit in a board meeting, and pretend he's speaking for the workers. The last thing he wants, is to lose his cushy penthouse glass walled executive leather chair job, where he's paid to sit.

 

[Andylusion]

What makes a stock price move is not the earnings or growth of the underlying company, but the the exchange of money between investors.

Money isn't moving back and forth thru the hands of an "organizer".
There is no guarantee, no promise of high returns. 100% of my purchase goes to the seller.
No need for increasing numbers of "investors" to continue to scheme. One buyer-one seller works.
No skimming. No Ponzi scheme.

Don't worry, you never ever have to invest. I'm sure Mom's coach will be there for you, always.

Money isn't moving back and forth thru the hands of an "organizer".
There is no guarantee, no promise of high returns. 100% of my purchase goes to the seller.
No need for increasing numbers of "investors" to continue to scheme. One buyer-one seller works.
No skimming. No Ponzi scheme.

Self-cannibalizing Ponzi scheme characteristic of the greediest society ever to inhabit planet Earth.

"This is actually a negative-sum situation because the underlying company isn’t involved in the transaction.

"The investors are just cannibalizing each other for profits, and there are fees attached to every transaction.”

"Ah, cannibalizing each other for profits—now this is starting to sound like an American enterprise! It says it right there on our flag, 'America: Cannibalizing each other for profits since 1776!'"

Ponzi World (Over 3 Billion NOT Served): The Stock Market Ponzi Scheme. Occupy Deep Karma.

You claim capitalists are greedy...but you and other socialists think you're entitled to what you didn't earn.

YOU'RE greedy, George. This is undeniable.

You claim capitalists are greedy...but you and other socialists think you're entitled to what you didn't earn.

YOU'RE greedy, George. This is undeniable

The greed of capitalism produces waste through externalities that require costly, public corrective measures and regulation. Capitalists get rich from clean, clean coal, for example, while externalizing health and air quality onto the greater society. Capitalism also concentrates power and wealth within a small segment of society who don't use available technology and resources for their maximum potential in the interest of the public, but rather concentrating wealth into fewer and fewer hands with each passing generation.

George, when has government ever solved any of the problems you claim it can solve?

eorge, when has government ever solved any of the problems you claim it can solve?

Social Security solved the problem of senior poverty in the US, and state, local, and federal governments greatly improved air quality in the LA basin over the past fifty years. When have capitalists ever cleaned up any of their externalities without government mandate?

Actually it's happened many times.

However, one lie.... Social Security did not solve the problem of seniors living in poverty. Again... right now...> NOW < ... the *AVERAGE* social security check is barely $1300 a month.

You can earn more at Wendy's.

And further, Seniors living in poverty, was not a big problem before Social Security. There was no demand for social security, before the 1930s. That's all mythology.

 

[Andylusion]

It's pretty easy to accept the fact that if you are not born into money you are never going to have it. It matters not how hard you are willing to work. But you can squeak by....be elated for that.

Those of us lucky enough to be born into this country without the benefit of rich parents are still confronted with some significant peril to personal liberty:

United States incarceration rate - Wikipedia

"In September 2013, the incarceration rate of the United States of America was the highest in the world at 716 per 100,000 of the national population. While the United States represents about 4.4 percent of the world's population, it houses around 22 percent of the world's prisoners."

I've been in the lower class my entire life. Up till 2016, the most money I've ever made in a given year was $20,000 or less, since I was in college.

Never been incarcerated. Likely because I don't violate the law. Have I been pulled over by police? Sure. And I said things like "yes sir", and followed their every command.

If you get put in prison... it's because you deserved to be in prison. Not because you are poor. Being poor is not a crime, and I have seen a video of a police officer asking for a tax return before being arrested, yet.

If you are in prison.... the cause is in the mirror.

If you are in prison.... the cause is in the mirror.

What explains the racial disparity in US prisons?

Jim Crow or redlining?

Or.... people that commit violence crimes end up prison?

People who commit non-violent crimes end up in prison too. And that's the problem. The regulatory state might seem invisible to people with a regular income. It's just an expense of life that they write off. But when you're dead broke, it's damned hard to stay legal. The system pushes the poor into state dependency by regulating away their right to look out for themselves.

I've been poor most of my life. I have never found it 'hard to stay legal'. If you want to buy something you don't have money for.... Wendy's is hiring. Work. Earn money, and buy what you want.

And yes non-violent crime sometimes end up in prison, I get that. But you can't tell me, that the majority of people in prison, are not there because they committed a crime. And if they committed a crime, then that is why they are in prison.

So what is the point?

 

[georgephillip]

Some progressives would argue Warren is not going far enough to roll back capitalist corruption. ...

LOL - I'm quite sure that's true.

LOL - I'm quite sure that's true.

I'm almost positive Warren won't concern herself with this...

As Russia collusion fades, Ukrainian plot to help Clinton emerges

"Ukraine’s top prosecutor divulged in an interview aired Wednesday on Hill.TV that he has opened an investigation into whether his country’s law enforcement apparatus intentionally leaked financial records during the 2016 U.S. presidential campaign about then-Trump campaign chairman Paul Manafort in an effort to sway the election in favor of Hillary Clinton.

"The leak of the so-called black ledger files to U.S. media prompted Manafort’s resignation from the Trump campaign and gave rise to one of the key allegations in the Russia collusion probe that has dogged Trump for the last two and a half years."

 

[georgephillip]

Self-cannibalizing Ponzi scheme characteristic of the greediest society ever to inhabit planet Earth.

"This is actually a negative-sum situation because the underlying company isn’t involved in the transaction.

"The investors are just cannibalizing each other for profits, and there are fees attached to every transaction.”

"Ah, cannibalizing each other for profits—now this is starting to sound like an American enterprise! It says it right there on our flag, 'America: Cannibalizing each other for profits since 1776!'"

Ponzi World (Over 3 Billion NOT Served): The Stock Market Ponzi Scheme. Occupy Deep Karma.

You claim capitalists are greedy...but you and other socialists think you're entitled to what you didn't earn.

YOU'RE greedy, George. This is undeniable.

You claim capitalists are greedy...but you and other socialists think you're entitled to what you didn't earn.

YOU'RE greedy, George. This is undeniable

The greed of capitalism produces waste through externalities that require costly, public corrective measures and regulation. Capitalists get rich from clean, clean coal, for example, while externalizing health and air quality onto the greater society. Capitalism also concentrates power and wealth within a small segment of society who don't use available technology and resources for their maximum potential in the interest of the public, but rather concentrating wealth into fewer and fewer hands with each passing generation.

George, when has government ever solved any of the problems you claim it can solve?

eorge, when has government ever solved any of the problems you claim it can solve?

Social Security solved the problem of senior poverty in the US, and state, local, and federal governments greatly improved air quality in the LA basin over the past fifty years. When have capitalists ever cleaned up any of their externalities without government mandate?

Actually it's happened many times.

However, one lie.... Social Security did not solve the problem of seniors living in poverty. Again... right now...> NOW < ... the *AVERAGE* social security check is barely $1300 a month.

You can earn more at Wendy's.

And further, Seniors living in poverty, was not a big problem before Social Security. There was no demand for social security, before the 1930s. That's all mythology.

However, one lie.... Social Security did not solve the problem of seniors living in poverty. Again... right now...> NOW < ... the *AVERAGE* social security check is barely $1300 a month.

You can earn more at Wendy's.

How many hours would a senior have to work at Wendy's to net $1300??

How many seniors are capable of being on their feet for that many hours five days a week?

Why should they have to?

 

[georgephillip]

Self-cannibalizing Ponzi scheme characteristic of the greediest society ever to inhabit planet Earth.

"This is actually a negative-sum situation because the underlying company isn’t involved in the transaction.

"The investors are just cannibalizing each other for profits, and there are fees attached to every transaction.”

"Ah, cannibalizing each other for profits—now this is starting to sound like an American enterprise! It says it right there on our flag, 'America: Cannibalizing each other for profits since 1776!'"

Ponzi World (Over 3 Billion NOT Served): The Stock Market Ponzi Scheme. Occupy Deep Karma.

You claim capitalists are greedy...but you and other socialists think you're entitled to what you didn't earn.

YOU'RE greedy, George. This is undeniable.

You claim capitalists are greedy...but you and other socialists think you're entitled to what you didn't earn.

YOU'RE greedy, George. This is undeniable

The greed of capitalism produces waste through externalities that require costly, public corrective measures and regulation. Capitalists get rich from clean, clean coal, for example, while externalizing health and air quality onto the greater society. Capitalism also concentrates power and wealth within a small segment of society who don't use available technology and resources for their maximum potential in the interest of the public, but rather concentrating wealth into fewer and fewer hands with each passing generation.

George, when has government ever solved any of the problems you claim it can solve?

eorge, when has government ever solved any of the problems you claim it can solve?

Social Security solved the problem of senior poverty in the US, and state, local, and federal governments greatly improved air quality in the LA basin over the past fifty years. When have capitalists ever cleaned up any of their externalities without government mandate?

Actually it's happened many times.

However, one lie.... Social Security did not solve the problem of seniors living in poverty. Again... right now...> NOW < ... the *AVERAGE* social security check is barely $1300 a month.

You can earn more at Wendy's.

And further, Seniors living in poverty, was not a big problem before Social Security. There was no demand for social security, before the 1930s. That's all mythology.

And further, Seniors living in poverty, was not a big problem before Social Security. There was no demand for social security, before the 1930s. That's all mythology.

Who told you that?

 

[dblack]

I've been poor most of my life. I have never found it 'hard to stay legal'. If you want to buy something you don't have money for.... Wendy's is hiring. Work. Earn money, and buy what you want.

Sure. Wendy's is hiring. But if you want to go into business for yourself, you better have a bankroll and a lawyer. Not because business requires it - because government does.

The system is, in fact, rigged to push people into dependency, into demoralizing dead-end jobs. People who fight that, by exercising genuine entrepreneurial creativity, face the blunt force of the law. Ask Erik Garner. Ask anyone who's tried to start a business without a fat bankroll.

The irony here, of course, is that the kind of state controlled economy georgephillip longs for is exactly what paints people into such corners. It's what makes criminals out of people who just want to work for a living.

And yes non-violent crime sometimes end up in prison, I get that. But you can't tell me, that the majority of people in prison, are not there because they committed a crime. And if they committed a crime, then that is why they are in prison.

I can tell you that there are far too many laws putting people in prison for ridiculous reasons. There are real victims in the progressives' "great society".

So what is the point?

The point is that harumphing that people in prison put themselves there is, often, complete bullshit.

 

[georgephillip]

So she's lying/deceiving the DSA?

There are Democrats who believe Bernie is the only legitimate radical choice in 2020. Biden, Harris, et al, are simply using Trump as a way of appearing more progressive than they actually are. Warren may or may not deliver for her base the way Trump has for his, but I don't think there's any way of knowing without putting her in the White House.

 

[georgephillip]

I've been poor most of my life. I have never found it 'hard to stay legal'. If you want to buy something you don't have money for.... Wendy's is hiring. Work. Earn money, and buy what you want.

Sure. Wendy's is hiring. But if you want to go into business for yourself, you better have a bankroll and a lawyer. Not because business requires it - because government does.

The system is, in fact, rigged to push people into dependency, into demoralizing dead-end jobs. People who fight that, by exercising genuine entrepreneurial creativity, face the blunt force of the law. Ask Erik Garner. Ask anyone who's tried to start a business without a fat bankroll.

The irony here, of course, is that the kind of state controlled economy georgephillip longs for is exactly what paints people into such corners. It's what makes criminals out of people who just want to work for a living.

And yes non-violent crime sometimes end up in prison, I get that. But you can't tell me, that the majority of people in prison, are not there because they committed a crime. And if they committed a crime, then that is why they are in prison.

I can tell you that there are far too many laws putting people in prison for ridiculous reasons. There are real victims in the progressives' "great society".

So what is the point?

The point is that harumphing that people in prison put themselves there is, often, complete bullshit.

The irony here, of course, is that the kind of state controlled economy georgephillip longs for is exactly what paints people into such corners. It's what makes criminals out of people who just want to work for a living.

It would be worth knowing if financial fraud increased or decreased during the government's "command economy" during WWI and WWII.

Why do you believe capitalists are less ethically challenged than government is?

 

[Andylusion]

You claim capitalists are greedy...but you and other socialists think you're entitled to what you didn't earn.

YOU'RE greedy, George. This is undeniable.

You claim capitalists are greedy...but you and other socialists think you're entitled to what you didn't earn.

YOU'RE greedy, George. This is undeniable

The greed of capitalism produces waste through externalities that require costly, public corrective measures and regulation. Capitalists get rich from clean, clean coal, for example, while externalizing health and air quality onto the greater society. Capitalism also concentrates power and wealth within a small segment of society who don't use available technology and resources for their maximum potential in the interest of the public, but rather concentrating wealth into fewer and fewer hands with each passing generation.

George, when has government ever solved any of the problems you claim it can solve?

eorge, when has government ever solved any of the problems you claim it can solve?

Social Security solved the problem of senior poverty in the US, and state, local, and federal governments greatly improved air quality in the LA basin over the past fifty years. When have capitalists ever cleaned up any of their externalities without government mandate?

Actually it's happened many times.

However, one lie.... Social Security did not solve the problem of seniors living in poverty. Again... right now...> NOW < ... the *AVERAGE* social security check is barely $1300 a month.

You can earn more at Wendy's.

And further, Seniors living in poverty, was not a big problem before Social Security. There was no demand for social security, before the 1930s. That's all mythology.

However, one lie.... Social Security did not solve the problem of seniors living in poverty. Again... right now...> NOW < ... the *AVERAGE* social security check is barely $1300 a month.

You can earn more at Wendy's.

How many hours would a senior have to work at Wendy's to net $1300??

How many seniors are capable of being on their feet for that many hours five days a week?

Why should they have to?

40 hours a week. You'll make $1440 a month, minus taxes.

Again... you seemed to have missed a key word. "AVERAGE".... $1300 isn't how much everyone gets. It's the AVERAGE. Meaning 50% of people living on Social Security, get a much lower amount of money, than $1300. I've met people who only collected $900 a month. And there are those who get less than that a month.

 

[sartre play]

To bad we don't read minds, don't know who would make the best new president. it now takes over whelming time & energy to wade through the mass of propaganda much less the outright lies & staged performance like the crashing of the committee meeting, as each side try's to out do the other with stunts. maybe they should have choice Hollywood instead of politics

 

[georgephillip]

About 50% of the stock market and private equity companies would be affected by her re-regulation, by break up, by some of, one of her many very big, ambitious proposals, and I think it’s not just that there are individual policies that one can disagree with, and there are many

The broader philosophy underpinning it has two elements: one is that she has an enormous faith in government and government regulation, and as we all know, government regulation has its downsides, and we may be in a situation where we need different kind of regulation of some industries, but she is driven by a faith in government

She’s really a democratic socialist in some ways, and she wants to fundamentally change the role of an American company, how an American company is governed, what it’s supposed to do, in ways that I think at least would be disastrous for the American economy

she says she’s a capitalist, but she’s not a capitalist

I think you could make an argument that her plans and policies are far more extreme than Bernie Sanders’ in terms of its impact on the American economy

About 50% of the stock market and private equity companies would be affected by her re-regulation, by break up, by some of, one of her many very big, ambitious proposals, and I think it’s not just that there are individual policies that one can disagree with, and there are many

Do you see a problem with this example of a Warren proposal?

Elizabeth Warren attacks the private equity industry with new regulation proposals

"Warren wants to make private equity firms responsible for debts and pension obligations of companies they buy."

 

[basquebromance]

About 50% of the stock market and private equity companies would be affected by her re-regulation, by break up, by some of, one of her many very big, ambitious proposals, and I think it’s not just that there are individual policies that one can disagree with, and there are many

The broader philosophy underpinning it has two elements: one is that she has an enormous faith in government and government regulation, and as we all know, government regulation has its downsides, and we may be in a situation where we need different kind of regulation of some industries, but she is driven by a faith in government

She’s really a democratic socialist in some ways, and she wants to fundamentally change the role of an American company, how an American company is governed, what it’s supposed to do, in ways that I think at least would be disastrous for the American economy

she says she’s a capitalist, but she’s not a capitalist

I think you could make an argument that her plans and policies are far more extreme than Bernie Sanders’ in terms of its impact on the American economy

About 50% of the stock market and private equity companies would be affected by her re-regulation, by break up, by some of, one of her many very big, ambitious proposals, and I think it’s not just that there are individual policies that one can disagree with, and there are many

Do you see a problem with this example of a Warren proposal?

Elizabeth Warren attacks the private equity industry with new regulation proposals

"Warren wants to make private equity firms responsible for debts and pension obligations of companies they buy."

yes, it goes too far. she should not be president, and you should not be her VP

 

[Deplorable Yankee]

How do you square this circle: The structure and legal basis of the modern MAGA corporation bears a great deal of resemblance to feudal estates, and this reality is at odds in an era that claims to value democracy over the Divine Right of Kings?

Warren has a plan:

Accountable Capitalism Act - Wikipedia

"The Accountable Capitalism Act, 115th Congress (2017-2018) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

"The Act contains a 'constituency statute' that would give directors a duty of 'creating a general public benefit' with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.[1]"

The US is among a minority of OECD countries that gives no representation to the workforce (majority) in corporate governance.

For years Warren has claimed "corporations are not people."

Now her Accountable Capitalism Act demands that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood.

Soros came out for warren 2020 ..yesterday...day before when ever it was
Watch the establishment really start to push her and the left wing useful idiots rally behind the unlikeable squaw

GloBo homo Democratic socialism always works from top down
Utopian pipe dreams of botton up are just that .....a pipe dream

 

[Toddsterpatriot]

What makes a stock price move is not the earnings or growth of the underlying company, but the the exchange of money between investors.

Money isn't moving back and forth thru the hands of an "organizer".
There is no guarantee, no promise of high returns. 100% of my purchase goes to the seller.
No need for increasing numbers of "investors" to continue to scheme. One buyer-one seller works.
No skimming. No Ponzi scheme.

Don't worry, you never ever have to invest. I'm sure Mom's coach will be there for you, always.

Don't worry, you never ever have to invest. I'm sure Mom's coach will be there for you, always

Are you sure you want to bring family into this discussion, Porky?

Sure. My parents were public school teachers. That's it.

They just bought a lake house on Lake Erie, using investment money from their careers as public school teachers.

That doesn't include their main house, that is worth $750K.

My parents taught me to save, and invest. That's why they are millionaires today.

What did your parents teach you? How to complain about the system that produces the most wealthy for the most people, more than any other country on Earth?

My parents taught me to save, and invest. That's why they are millionaires today.

What did your parents teach you? How to complain about the system that produces the most wealthy for the most people, more than any other country on Earth?

You and your hard-working family, along with all other Americans, are about 5% of global population. Your lifestyles and mine are paid for in places like Korea, Vietnam, Laos, Cambodia, Iraq, Afghanistan, Syria and Yemen. Capitalism has murdered hundreds of millions of innocent human beings across the past five hundred years so that greedy, ignorant Americans can prosper. If that's something you celebrate, it's not hard to understand why you hold the political views you do.

You are an idiot now. If you really believe that, then you have condemned yourself with your own statement.

If you want to fix that, be my guest at moving to Venezuela, where no one is being forced to pay for the lifestyles of others... and they are dying of starvation.

If you want to fix that, be my guest at moving to Venezuela, where no one is being forced to pay for the lifestyles of others... and they are dying of starvation.

Starvation has come to countries like Venezuela, Iraq, and Honduras because of greedy, self-absorbed "patriots" like you who believe their level of consumption justifies starvation and worse elsewhere,

Moving won't change anything,

Only cowards offer that as a solution.

Starvation has come to countries like Venezuela, Iraq, and Honduras because of greedy, self-absorbed "patriots" like you who believe their level of consumption justifies starvation and worse elsewhere,

My level of consumption had zero impact on the victims of Chavez or Lenin.

Only cowards offer that as a solution.

Says the coward afraid to put his (lack of) money where his mouth is.

 

[Andylusion]

I've been poor most of my life. I have never found it 'hard to stay legal'. If you want to buy something you don't have money for.... Wendy's is hiring. Work. Earn money, and buy what you want.

Sure. Wendy's is hiring. But if you want to go into business for yourself, you better have a bankroll and a lawyer. Not because business requires it - because government does.

The system is, in fact, rigged to push people into dependency, into demoralizing dead-end jobs. People who fight that, by exercising genuine entrepreneurial creativity, face the blunt force of the law. Ask Erik Garner. Ask anyone who's tried to start a business without a fat bankroll.

The irony here, of course, is that the kind of state controlled economy georgephillip longs for is exactly what paints people into such corners. It's what makes criminals out of people who just want to work for a living.

And yes non-violent crime sometimes end up in prison, I get that. But you can't tell me, that the majority of people in prison, are not there because they committed a crime. And if they committed a crime, then that is why they are in prison.

I can tell you that there are far too many laws putting people in prison for ridiculous reasons. There are real victims in the progressives' "great society".

So what is the point?

The point is that harumphing that people in prison put themselves there is, often, complete bullshit.

The irony here, of course, is that the kind of state controlled economy georgephillip longs for is exactly what paints people into such corners. It's what makes criminals out of people who just want to work for a living.

It would be worth knowing if financial fraud increased or decreased during the government's "command economy" during WWI and WWII.

Why do you believe capitalists are less ethically challenged than government is?

Two reasons.

First, because people are generally more responsive. I have avoided hundreds of businesses or products, because someone else bought the product or service, and found it sucks.

We have things like Angie's list and Google reviews. I read up on what other people say, and determine if there is a pattern of suckage, before I buy something.

It is far easier to convince a brainless idiot in government, who knows nothing about anything, that your product is great, than it is to convince the general public.

Second... Business and government naturally should have an adversarial relationship. This is good. As much as people on the left, might claim that people on the right are pro-business... and we are.... that doesn't mean my pro-business views, imply that I would government to have a co-operative relationship with business.

I WANT Government and Business to be adversarial. I *WANT* government to be checking on business, and ready to pounce if they find something.

When you have government working cooperatively with business... who is the advisory? Is government going to check up on government? Do you think that if for example, president promotes a joint venture with a company, do you think that if the AG finds irregularities, that the president is going to allow his AG to investigate a venture he himself engaged in? Of course not. He's not going to engage in political suicide. He's not going to investigate a company that is engaged in a project he himself promoted.

This is why we don't want government engaging in things private companies are doing. Better to keep them separated, so that we maintain the adversarial relationship.

Example: France with the public housing construction scandal. So if you don't remember this, a French CEO of a construction company, made a video that he had released after his death. The video detailed how for literally decades on decades, the corrupt government, had been engaged in rampant kick backs with the public housing construction companies. This had been going on for literally decades on end.

How did that happen? Because government was involved. They are not going to have the government justice system, investigating government kick backs. You as an investigator, are not going to open an investigation that would instantly end your decades long career. And they didn't. So without the adversarial relationship, the corruption went on for decades.

You want an example closer to home?

Fannie and Freddie. The two biggest, most expensive crashes of the entire sub-prime melt down, were the government sponsored enterprises.



Let me give you a quick run down of the 8 minute video.

Fannie Mae and Freddie Mac, had purchased nearly every lobbyist in Washington, and had donated to the campaigns of nearly half the people on the investigating committee. And the pay back was clear. People defended the practices of Fannie and Freddie, even to the point that Franklin Raines said in open committee that the assets (which later crashed in the biggest melt down in US history) were "risk-less" and no one challenged him on this blindingly stupid statement.

The committee found that Fannie Mae manipulated profits to the point that they met their target profit margin, down to the penny... triggering bonuses for all executive staff. That if Fannie had followed proper accounting procedures, there would have been no bonuses.

If this had been done at any other company, they would have ended up in prison with Jeff Skilling. But because this was a government venture, Franklin Raines and the rest of the executives at Fannie and Freddie went free. Nothing happened.

This is why we don't want government involved in the economy. The moment you eliminate the adversarial relationship, you are doomed to corruption.