Warren and the Divine Right of Capital: Accountable Capitalism Act

[georgephillip]

How much went to accidents of birth?

Report: Wal-Mart Heirs Are “Phony Philanthropists”

"'The Waltons are using their foundation to game the system. At almost no cost to themselves and with the help of financial experts, they have funneled money to their foundation from special trusts to avoid paying an estimated $3 billion in estate taxes,' Jessie Spector of Resource Generation, a group that helps wealthy young people become transformative leaders, said in a press release."

You post that like it matters. Like you made some sort of point.

Years ago, I had a garbage vacuum sweeper. I found the sweeper I wanted, but at one store it was $70, and another store it was $60. I went to Walmart, and the exact identical sweeper was $47. I still use that sweeper to this day, now 10 years later.

Which is better.... to give out a some money to help people who refuse to work for a living? Some donation to a charity that helps people hooked on drugs by choice?

Or a company that provides goods and services cheaper to working people like me?

People like me, who don't have tons of money laying around to buys stuff, benefit a great deal from the Waltons. In fact, even those of us who don't shop Walmart have benefited from the Waltons, because more expensive stores, have lowered their prices, to compete with Walmart.

In contrast, who has ever benefited from you? No one.

MOVEOVER... your entire post is a fraud to begin with. Net Worth, has nothing to do with liquid cash. Just because someone has a large net worth, has nothing to do with how much cash they could give to charity.

For example, my parents are millionaires. But their retirement income is only a couple thousand a month. Just because they own a lake house worth $400,000, doesn't mean that when the roof spring a leak last year, that they just had piles of cash laying around to fix it. They had to save up money from their retirement income, and then fix the roof.

Similarly, I have no idea how much liquid cash income the Walton's have each month. But even if they were collecting $500,000 a year, and giving 50% of that to charity, it wouldn't be but a few tenths of a percent of their net worth.

Still a ton more than some left-winger like you has ever given.... so shut up sparky.

LASTLY....

What business is it of yours? Did you have parents that taught you to mind your own freakin business? Even if the Walton's were to give 50% of their entire networth.. it wouldn't help any working man, and it still wouldn't be any of your business.

Learn what your grand parents should have taught your parents..... MIND.... YOUR.... OWN.... BUSINESS.

Stop being a greed and envy driven prick.

People like me, who don't have tons of money laying around to buys stuff, benefit a great deal from the Waltons. In fact, even those of us who don't shop Walmart have benefited from the Waltons, because more expensive stores, have lowered their prices, to compete with Walmart

People like you are slaves.
Do humanity a favor and die.

Report: Wal-Mart Heirs Are “Phony Philanthropists”

“While the Waltons accumulate $8.6 million per day in Walmart dividends, Walmart workers are struggling to get by,” said Sarita Gupta, executive director of Jobs with Justice, in a press release announcing the publication of the report. “Many of them rely on taxpayer-funded programs like food stamps to provide for their families.”

“Workers have been calling on the company to pay a minimum of $25,000, offer full-time work, and end retaliation against workers who speak out for better jobs,” she added. “The Waltons could earn goodwill and public respect by improving conditions for workers and their families.”

People like me create jobs and wealth.
People like you.... follow through on your suggestion "do humanity a favor and die".... because everywhere people like you are in charge.... people die.

Starvation...

Murder

Chaos and protests....

While the elite left-wiingers like you, live in luxury.

And everyone else waits at empty shelves..... but at least there is no walmart in Venezuela. At least there are no capitalists now.


You know what the difference between me and you is?

You post non-stop propaganda.

I just posted pictures from real life.

that's the difference. You live in a mythology of hate, evil, and greed.

I live in the real world.

You know what the difference between me and you is?

You post non-stop propaganda.

I just posted pictures from real life.

that's the difference. You live in a mythology of hate, evil, and greed.

I live in the real world.

In that real world you live in

how many millions of innocent civilians has your heroic capitalist Empire murdered, maimed, incarcerated, or displaced during your useless lifetime? Maybe your millionaire parents can tell you?

Fewer than Communism.

Show your math, Mutt.

 

[Toddsterpatriot]

What happens when the "thieves and fraudsters" (like Jamie Dimon) control government through legalized bribery? Do we shrink government or use it to neuter the thieves and frauds?

Uh... you need to think that through. If fraudsters control government, how you gonna use it to neuter them?

You neuter them by limiting government's ability to manipulate the economy in the first place. Certainly not by giving it (them) even more power to coerce our economic decisions.

Uh... you need to think that through. If fraudsters control government, how you gonna use it to neuter them?

By removing corporate politicians like Clinton and Biden and Bush and Romney from the ranks of elected officials. If you shrink government, parasites like Trump and Dimon will find it even easier to perpetuate their capitalistic frauds upon society.

Ironically the US census posted key factors in becoming wealthy.... hold a job, get married, and obey the law.

It's funny how stupid people mock how rich people end up rich... and then wonder why they are poor.

Ironically the US census posted key factors in becoming wealthy.... hold a job, get married, and obey the law.

It's funny how stupid people mock how rich people end up rich... and then wonder why they are poor.

How does the census explain unequal starting points when embarking on your quest for wealth?

Worsening wealth inequality by race

Pew found that in 2005, home equity made up nearly two-thirds of the net worth of Hispanics and 59% of blacks, but only 44% of whites.

Blacks and Hispanics are also less likely to have assets in the financial system, such as savings accounts or stocks, Kochhar said.

Looks like they should buy more stock.

 

[Toddsterpatriot]

You post that like it matters. Like you made some sort of point.

Years ago, I had a garbage vacuum sweeper. I found the sweeper I wanted, but at one store it was $70, and another store it was $60. I went to Walmart, and the exact identical sweeper was $47. I still use that sweeper to this day, now 10 years later.

Which is better.... to give out a some money to help people who refuse to work for a living? Some donation to a charity that helps people hooked on drugs by choice?

Or a company that provides goods and services cheaper to working people like me?

People like me, who don't have tons of money laying around to buys stuff, benefit a great deal from the Waltons. In fact, even those of us who don't shop Walmart have benefited from the Waltons, because more expensive stores, have lowered their prices, to compete with Walmart.

In contrast, who has ever benefited from you? No one.

MOVEOVER... your entire post is a fraud to begin with. Net Worth, has nothing to do with liquid cash. Just because someone has a large net worth, has nothing to do with how much cash they could give to charity.

For example, my parents are millionaires. But their retirement income is only a couple thousand a month. Just because they own a lake house worth $400,000, doesn't mean that when the roof spring a leak last year, that they just had piles of cash laying around to fix it. They had to save up money from their retirement income, and then fix the roof.

Similarly, I have no idea how much liquid cash income the Walton's have each month. But even if they were collecting $500,000 a year, and giving 50% of that to charity, it wouldn't be but a few tenths of a percent of their net worth.

Still a ton more than some left-winger like you has ever given.... so shut up sparky.

LASTLY....

What business is it of yours? Did you have parents that taught you to mind your own freakin business? Even if the Walton's were to give 50% of their entire networth.. it wouldn't help any working man, and it still wouldn't be any of your business.

Learn what your grand parents should have taught your parents..... MIND.... YOUR.... OWN.... BUSINESS.

Stop being a greed and envy driven prick.

People like me, who don't have tons of money laying around to buys stuff, benefit a great deal from the Waltons. In fact, even those of us who don't shop Walmart have benefited from the Waltons, because more expensive stores, have lowered their prices, to compete with Walmart

People like you are slaves.
Do humanity a favor and die.

Report: Wal-Mart Heirs Are “Phony Philanthropists”

“While the Waltons accumulate $8.6 million per day in Walmart dividends, Walmart workers are struggling to get by,” said Sarita Gupta, executive director of Jobs with Justice, in a press release announcing the publication of the report. “Many of them rely on taxpayer-funded programs like food stamps to provide for their families.”

“Workers have been calling on the company to pay a minimum of $25,000, offer full-time work, and end retaliation against workers who speak out for better jobs,” she added. “The Waltons could earn goodwill and public respect by improving conditions for workers and their families.”

People like me create jobs and wealth.
People like you.... follow through on your suggestion "do humanity a favor and die".... because everywhere people like you are in charge.... people die.

Starvation...

Murder

Chaos and protests....

While the elite left-wiingers like you, live in luxury.

And everyone else waits at empty shelves..... but at least there is no walmart in Venezuela. At least there are no capitalists now.


You know what the difference between me and you is?

You post non-stop propaganda.

I just posted pictures from real life.

that's the difference. You live in a mythology of hate, evil, and greed.

I live in the real world.

You know what the difference between me and you is?

You post non-stop propaganda.

I just posted pictures from real life.

that's the difference. You live in a mythology of hate, evil, and greed.

I live in the real world.

In that real world you live in

how many millions of innocent civilians has your heroic capitalist Empire murdered, maimed, incarcerated, or displaced during your useless lifetime? Maybe your millionaire parents can tell you?

Fewer than Communism.

Show your math, Mutt.

Here you go, twat.

The Black Book of Communism - Wikipedia

 

[Bush92]

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.

You mean the “Karl Marx Fuck American Economy Act.”

 

[georgephillip]

Who does most of the work?

The Divine Right of Capital by Marjorie Kelly: A Summary

"Chapter 2: Lords of the Earth

"The Principle of Privilege:
Stockholders claim wealth they do little to create, much as nobles claimed privilege they did not earn.

"'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.'"

Employees can buy stock then just like everyone else. Then they can work and they can claim wealth they do little to create .... both. See how that works?
If they are able, some of them might start their own company and get to do things their way.

Employees can buy stock then just like everyone else. Then they can work and they can claim wealth they do little to create .... both. See how that works?

What kind of stock? The version that comes with voting rights? Only one percent of the total value of equity on Wall Street is actually investment, i.e., new money going into firms. The remaining 99% is pure speculation. It's like buying a new car where the money goes to the car maker as opposed to buying a used car where the money goes to its previous owner.

The Divine Right of Capital by Marjorie Kelly: A Summary

Again, you act like this is bad somehow. I had a friend that put a large down payment on a car, with the Walmart stock she purchased through the employee purchase program.

This entire discussion is absolutely stupid.

1. Non-voting stocks still have legal rights. You might not be able to vote on say who is on the board of directors, but most non-voting stock still can vote on things like whether the company can issue new shares. Things that directly affect the value of the stock, stock holders still have a vote on.

2. Non-voting stock still have legal rights to assets of the company. If the company were to sell off, non-voting stock still have a legal right to the companies assets. That has value.

3. Even with non-voting stock, they still have legal rights that can be used to petition the court to force a vote, if they have grounds the company is not being fair to common stock holders.

But here's the real bottom line... Non-voting stock is rare.

If *YOU* do not like non-voting stock, or stocks without dividends..... THEN DO NOT BUY THEM.

Why do people like you, think somehow you know what other people should, and should not do with their own money? Mind your own business.

Non-voting stocks still have legal rights. You might not be able to vote on say who is on the board of directors, but most non-voting stock still can vote on things like whether the company can issue new shares. Things that directly affect the value of the stock, stock holders still have a vote on.

How about stock buybacks that dilute the value of each share but provide executives with exorbitant bonuses? Do non-voting shares influence such perfidy?

How about stock buybacks that dilute the value of each share

You never explained your moronic claim.

Did you misspeak?

How about stock buybacks that dilute the value of each share

You never explained your moronic claim.

Did you misspeak?

Do you invest in fraud?

7 Reasons Stock Buybacks Should Be Illegal

 

[Toddsterpatriot]

Employees can buy stock then just like everyone else. Then they can work and they can claim wealth they do little to create .... both. See how that works?
If they are able, some of them might start their own company and get to do things their way.

Employees can buy stock then just like everyone else. Then they can work and they can claim wealth they do little to create .... both. See how that works?

What kind of stock? The version that comes with voting rights? Only one percent of the total value of equity on Wall Street is actually investment, i.e., new money going into firms. The remaining 99% is pure speculation. It's like buying a new car where the money goes to the car maker as opposed to buying a used car where the money goes to its previous owner.

The Divine Right of Capital by Marjorie Kelly: A Summary

Again, you act like this is bad somehow. I had a friend that put a large down payment on a car, with the Walmart stock she purchased through the employee purchase program.

This entire discussion is absolutely stupid.

1. Non-voting stocks still have legal rights. You might not be able to vote on say who is on the board of directors, but most non-voting stock still can vote on things like whether the company can issue new shares. Things that directly affect the value of the stock, stock holders still have a vote on.

2. Non-voting stock still have legal rights to assets of the company. If the company were to sell off, non-voting stock still have a legal right to the companies assets. That has value.

3. Even with non-voting stock, they still have legal rights that can be used to petition the court to force a vote, if they have grounds the company is not being fair to common stock holders.

But here's the real bottom line... Non-voting stock is rare.

If *YOU* do not like non-voting stock, or stocks without dividends..... THEN DO NOT BUY THEM.

Why do people like you, think somehow you know what other people should, and should not do with their own money? Mind your own business.

Non-voting stocks still have legal rights. You might not be able to vote on say who is on the board of directors, but most non-voting stock still can vote on things like whether the company can issue new shares. Things that directly affect the value of the stock, stock holders still have a vote on.

How about stock buybacks that dilute the value of each share but provide executives with exorbitant bonuses? Do non-voting shares influence such perfidy?

How about stock buybacks that dilute the value of each share

You never explained your moronic claim.

Did you misspeak?

How about stock buybacks that dilute the value of each share

You never explained your moronic claim.

Did you misspeak?

Do you invest in fraud?

7 Reasons Stock Buybacks Should Be Illegal

So you won't back up your claim?

Let me try to help you.

A company has 100 outstanding shares.

I buy 10 shares. I now own 10% of the company.
The company buys back 50 shares. My 10 shares
are now 20% of the company. How did they "dilute the value of each share"?

 

[Toddsterpatriot]

Employees can buy stock then just like everyone else. Then they can work and they can claim wealth they do little to create .... both. See how that works?
If they are able, some of them might start their own company and get to do things their way.

Employees can buy stock then just like everyone else. Then they can work and they can claim wealth they do little to create .... both. See how that works?

What kind of stock? The version that comes with voting rights? Only one percent of the total value of equity on Wall Street is actually investment, i.e., new money going into firms. The remaining 99% is pure speculation. It's like buying a new car where the money goes to the car maker as opposed to buying a used car where the money goes to its previous owner.

The Divine Right of Capital by Marjorie Kelly: A Summary

Again, you act like this is bad somehow. I had a friend that put a large down payment on a car, with the Walmart stock she purchased through the employee purchase program.

This entire discussion is absolutely stupid.

1. Non-voting stocks still have legal rights. You might not be able to vote on say who is on the board of directors, but most non-voting stock still can vote on things like whether the company can issue new shares. Things that directly affect the value of the stock, stock holders still have a vote on.

2. Non-voting stock still have legal rights to assets of the company. If the company were to sell off, non-voting stock still have a legal right to the companies assets. That has value.

3. Even with non-voting stock, they still have legal rights that can be used to petition the court to force a vote, if they have grounds the company is not being fair to common stock holders.

But here's the real bottom line... Non-voting stock is rare.

If *YOU* do not like non-voting stock, or stocks without dividends..... THEN DO NOT BUY THEM.

Why do people like you, think somehow you know what other people should, and should not do with their own money? Mind your own business.

Non-voting stocks still have legal rights. You might not be able to vote on say who is on the board of directors, but most non-voting stock still can vote on things like whether the company can issue new shares. Things that directly affect the value of the stock, stock holders still have a vote on.

How about stock buybacks that dilute the value of each share but provide executives with exorbitant bonuses? Do non-voting shares influence such perfidy?

How about stock buybacks that dilute the value of each share

You never explained your moronic claim.

Did you misspeak?

How about stock buybacks that dilute the value of each share

You never explained your moronic claim.

Did you misspeak?

Do you invest in fraud?

7 Reasons Stock Buybacks Should Be Illegal

Thanks for the funny link.

In 1982, according to the Economic Policy Institute, the average CEO earned 50 times the average production worker. Today, the CEO Pay Ratio’s increased to 144 times the average worker with most of the gains a result of stock options and awards.

Funny and wrong. The average CEO doesn't earn close to 144 times the average worker today.
Not close to 50 times. More like low single digits.

 

[Andylusion]

People like me, who don't have tons of money laying around to buys stuff, benefit a great deal from the Waltons. In fact, even those of us who don't shop Walmart have benefited from the Waltons, because more expensive stores, have lowered their prices, to compete with Walmart

People like you are slaves.
Do humanity a favor and die.

Simply "slaves" is a poor word choice. Wage slaves obviously, but there's nothing inherently wrong with that. Such folks could easily be seen as the heroes of our nation. Only, they have no choice in the matter. No agency. No power. That's why they're called "slaves." Some -one or -thing controls ("owns") them. Willing slaves, perhaps, but that's self-contradictory and insulting to actual slaves, past or present. No, Andy is just a natural product of our shitty culture. A clueless, self-loathing nincompoop,.. regurgitating tons of the vomit he's gluttonously ingested, so desperate now to feel better about himself.

I don't understand this idea of "wage-slave".... I've had jobs in the past, that paid less than minimum wage.

I did the most unbelievable thing ever...... I got another job that paid more.

In fact, I've done this about 5 or 6 times.

So how do you define a "wage-slave" then? Is it someone who makes the free, voluntary, mental choice to work for a wage, that you just randomly determine is "slavery", and thus is a wage-slave?

 

[Toddsterpatriot]

Employees can buy stock then just like everyone else. Then they can work and they can claim wealth they do little to create .... both. See how that works?
If they are able, some of them might start their own company and get to do things their way.

Employees can buy stock then just like everyone else. Then they can work and they can claim wealth they do little to create .... both. See how that works?

What kind of stock? The version that comes with voting rights? Only one percent of the total value of equity on Wall Street is actually investment, i.e., new money going into firms. The remaining 99% is pure speculation. It's like buying a new car where the money goes to the car maker as opposed to buying a used car where the money goes to its previous owner.

The Divine Right of Capital by Marjorie Kelly: A Summary

Again, you act like this is bad somehow. I had a friend that put a large down payment on a car, with the Walmart stock she purchased through the employee purchase program.

This entire discussion is absolutely stupid.

1. Non-voting stocks still have legal rights. You might not be able to vote on say who is on the board of directors, but most non-voting stock still can vote on things like whether the company can issue new shares. Things that directly affect the value of the stock, stock holders still have a vote on.

2. Non-voting stock still have legal rights to assets of the company. If the company were to sell off, non-voting stock still have a legal right to the companies assets. That has value.

3. Even with non-voting stock, they still have legal rights that can be used to petition the court to force a vote, if they have grounds the company is not being fair to common stock holders.

But here's the real bottom line... Non-voting stock is rare.

If *YOU* do not like non-voting stock, or stocks without dividends..... THEN DO NOT BUY THEM.

Why do people like you, think somehow you know what other people should, and should not do with their own money? Mind your own business.

Non-voting stocks still have legal rights. You might not be able to vote on say who is on the board of directors, but most non-voting stock still can vote on things like whether the company can issue new shares. Things that directly affect the value of the stock, stock holders still have a vote on.

How about stock buybacks that dilute the value of each share but provide executives with exorbitant bonuses? Do non-voting shares influence such perfidy?

How about stock buybacks that dilute the value of each share

You never explained your moronic claim.

Did you misspeak?

How about stock buybacks that dilute the value of each share

You never explained your moronic claim.

Did you misspeak?

Do you invest in fraud?

7 Reasons Stock Buybacks Should Be Illegal

CNN recently reported that America’s total debt is nearly $22 trillion, an average of $67,000 per person. That’s right; split between all U.S. citizens, you’d owe $67,000 for your share of America’s debt.

In 2019, America’s bill for the interest on that debt is $383 billion; by 2025 it’s projected to hit $928 billion or about the same amount as corporate stock buybacks in 2018. Imagine if the dollars directed to share repurchases were redirected to paying down the national debt. At the current pace of stock buybacks, the debt problem could be eliminated in 22 years.

Why the fuck should the companies I own hand over more money to the government, instead of to shareholders?

I've got a better one, "Imagine if the dollars directed to useless federal employees were redirected to paying down the national debt? Imagine if the government stopped wasting so much damn money."

 

[georgephillip]

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.

You mean the “Karl Marx Fuck American Economy Act.”

You mean the “Karl Marx Fuck American Economy Act.”

For a minority to appropriate and distribute the surplus produced by a majority is inconsistent with and undermines the goals advocated by the French and American revolutions; are you Russian?

 

[georgephillip]

What kind of stock? The version that comes with voting rights? Only one percent of the total value of equity on Wall Street is actually investment, i.e., new money going into firms. The remaining 99% is pure speculation. It's like buying a new car where the money goes to the car maker as opposed to buying a used car where the money goes to its previous owner.

The Divine Right of Capital by Marjorie Kelly: A Summary

Again, you act like this is bad somehow. I had a friend that put a large down payment on a car, with the Walmart stock she purchased through the employee purchase program.

This entire discussion is absolutely stupid.

1. Non-voting stocks still have legal rights. You might not be able to vote on say who is on the board of directors, but most non-voting stock still can vote on things like whether the company can issue new shares. Things that directly affect the value of the stock, stock holders still have a vote on.

2. Non-voting stock still have legal rights to assets of the company. If the company were to sell off, non-voting stock still have a legal right to the companies assets. That has value.

3. Even with non-voting stock, they still have legal rights that can be used to petition the court to force a vote, if they have grounds the company is not being fair to common stock holders.

But here's the real bottom line... Non-voting stock is rare.

If *YOU* do not like non-voting stock, or stocks without dividends..... THEN DO NOT BUY THEM.

Why do people like you, think somehow you know what other people should, and should not do with their own money? Mind your own business.

Non-voting stocks still have legal rights. You might not be able to vote on say who is on the board of directors, but most non-voting stock still can vote on things like whether the company can issue new shares. Things that directly affect the value of the stock, stock holders still have a vote on.

How about stock buybacks that dilute the value of each share but provide executives with exorbitant bonuses? Do non-voting shares influence such perfidy?

How about stock buybacks that dilute the value of each share

You never explained your moronic claim.

Did you misspeak?

How about stock buybacks that dilute the value of each share

You never explained your moronic claim.

Did you misspeak?

Do you invest in fraud?

7 Reasons Stock Buybacks Should Be Illegal

CNN recently reported that America’s total debt is nearly $22 trillion, an average of $67,000 per person. That’s right; split between all U.S. citizens, you’d owe $67,000 for your share of America’s debt.

In 2019, America’s bill for the interest on that debt is $383 billion; by 2025 it’s projected to hit $928 billion or about the same amount as corporate stock buybacks in 2018. Imagine if the dollars directed to share repurchases were redirected to paying down the national debt. At the current pace of stock buybacks, the debt problem could be eliminated in 22 years.

Why the fuck should the companies I own hand over more money to the government, instead of to shareholders?

I've got a better one, "Imagine if the dollars directed to useless federal employees were redirected to paying down the national debt? Imagine if the government stopped wasting so much damn money."

Why the fuck should the companies I own hand over more money to the government, instead of to shareholders?

I've got a better one, "Imagine if the dollars directed to useless federal employees were redirected to paying down the national debt? Imagine if the government stopped wasting so much damn money."

Imagine if chicken-shit cluster fucks like you and Trump were dying in Syria instead of the Kurds?

 

[georgephillip]

People like you are slaves.
Do humanity a favor and die.

Report: Wal-Mart Heirs Are “Phony Philanthropists”

“While the Waltons accumulate $8.6 million per day in Walmart dividends, Walmart workers are struggling to get by,” said Sarita Gupta, executive director of Jobs with Justice, in a press release announcing the publication of the report. “Many of them rely on taxpayer-funded programs like food stamps to provide for their families.”

“Workers have been calling on the company to pay a minimum of $25,000, offer full-time work, and end retaliation against workers who speak out for better jobs,” she added. “The Waltons could earn goodwill and public respect by improving conditions for workers and their families.”

“While the Waltons accumulate $8.6 million per day in Walmart dividends, Walmart workers are struggling to get by,” said Sarita Gupta, executive director of Jobs with Justice

Walmart workers are free to take their skills elsewhere. Maybe "Jobs with Justice" can hire a few hundred thousand of them?

“While the Waltons accumulate $8.6 million per day in Walmart dividends, Walmart workers are struggling to get by,” said Sarita Gupta, executive director of Jobs with Justice

Walmart workers are free to take their skills elsewhere. Maybe "Jobs with Justice" can hire a few hundred thousand of them?

It's your tax dollars, Kulak.
Why aren't you outraged?

You're free to argue that government should end spending on food stamps. Good luck!!

I wonder if workers would need more or fewer food stamps if WalMart fired them?
If shoppers would benefit or be harmed if WalMart didn't accept food stamps?

You're free to argue that government should end spending on food stamps. Good luck!!

I wonder if workers would need more or fewer food stamps if WalMart fired them?
If shoppers would benefit or be harmed if WalMart didn't accept food stamps?

I didn't need more proof you're an idiot, but thanks for providing it anyway.

I didn't need more proof you're an idiot, but thanks for providing it anyway.

Only idiots voted for this

 

[Toddsterpatriot]

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.

You mean the “Karl Marx Fuck American Economy Act.”

You mean the “Karl Marx Fuck American Economy Act.”

For a minority to appropriate and distribute the surplus produced by a majority is inconsistent with and undermines the goals advocated by the French and American revolutions; are you Russian?

For a minority to appropriate and distribute the surplus produced by a majority

Surplus? LOL!

 

[Toddsterpatriot]

Again, you act like this is bad somehow. I had a friend that put a large down payment on a car, with the Walmart stock she purchased through the employee purchase program.

This entire discussion is absolutely stupid.

1. Non-voting stocks still have legal rights. You might not be able to vote on say who is on the board of directors, but most non-voting stock still can vote on things like whether the company can issue new shares. Things that directly affect the value of the stock, stock holders still have a vote on.

2. Non-voting stock still have legal rights to assets of the company. If the company were to sell off, non-voting stock still have a legal right to the companies assets. That has value.

3. Even with non-voting stock, they still have legal rights that can be used to petition the court to force a vote, if they have grounds the company is not being fair to common stock holders.

But here's the real bottom line... Non-voting stock is rare.

If *YOU* do not like non-voting stock, or stocks without dividends..... THEN DO NOT BUY THEM.

Why do people like you, think somehow you know what other people should, and should not do with their own money? Mind your own business.

Non-voting stocks still have legal rights. You might not be able to vote on say who is on the board of directors, but most non-voting stock still can vote on things like whether the company can issue new shares. Things that directly affect the value of the stock, stock holders still have a vote on.

How about stock buybacks that dilute the value of each share but provide executives with exorbitant bonuses? Do non-voting shares influence such perfidy?

How about stock buybacks that dilute the value of each share

You never explained your moronic claim.

Did you misspeak?

How about stock buybacks that dilute the value of each share

You never explained your moronic claim.

Did you misspeak?

Do you invest in fraud?

7 Reasons Stock Buybacks Should Be Illegal

CNN recently reported that America’s total debt is nearly $22 trillion, an average of $67,000 per person. That’s right; split between all U.S. citizens, you’d owe $67,000 for your share of America’s debt.

In 2019, America’s bill for the interest on that debt is $383 billion; by 2025 it’s projected to hit $928 billion or about the same amount as corporate stock buybacks in 2018. Imagine if the dollars directed to share repurchases were redirected to paying down the national debt. At the current pace of stock buybacks, the debt problem could be eliminated in 22 years.

Why the fuck should the companies I own hand over more money to the government, instead of to shareholders?

I've got a better one, "Imagine if the dollars directed to useless federal employees were redirected to paying down the national debt? Imagine if the government stopped wasting so much damn money."

Why the fuck should the companies I own hand over more money to the government, instead of to shareholders?

I've got a better one, "Imagine if the dollars directed to useless federal employees were redirected to paying down the national debt? Imagine if the government stopped wasting so much damn money."

Imagine if chicken-shit cluster fucks like you and Trump were dying in Syria instead of the Kurds?

Remember when Trump had some bombs dropped in Syria and they killed some Russians?

That was awesome!

 

[Toddsterpatriot]

“While the Waltons accumulate $8.6 million per day in Walmart dividends, Walmart workers are struggling to get by,” said Sarita Gupta, executive director of Jobs with Justice

Walmart workers are free to take their skills elsewhere. Maybe "Jobs with Justice" can hire a few hundred thousand of them?

“While the Waltons accumulate $8.6 million per day in Walmart dividends, Walmart workers are struggling to get by,” said Sarita Gupta, executive director of Jobs with Justice

Walmart workers are free to take their skills elsewhere. Maybe "Jobs with Justice" can hire a few hundred thousand of them?

It's your tax dollars, Kulak.
Why aren't you outraged?

You're free to argue that government should end spending on food stamps. Good luck!!

I wonder if workers would need more or fewer food stamps if WalMart fired them?
If shoppers would benefit or be harmed if WalMart didn't accept food stamps?

You're free to argue that government should end spending on food stamps. Good luck!!

I wonder if workers would need more or fewer food stamps if WalMart fired them?
If shoppers would benefit or be harmed if WalMart didn't accept food stamps?

I didn't need more proof you're an idiot, but thanks for providing it anyway.

I didn't need more proof you're an idiot, but thanks for providing it anyway.

Only idiots voted for this

Hillary is the smartest woman in world history.
So smart she lost to two amateurs.

 

[georgephillip]

What happens when the "thieves and fraudsters" (like Jamie Dimon) control government through legalized bribery? Do we shrink government or use it to neuter the thieves and frauds?

Uh... you need to think that through. If fraudsters control government, how you gonna use it to neuter them?

You neuter them by limiting government's ability to manipulate the economy in the first place. Certainly not by giving it (them) even more power to coerce our economic decisions.

Uh... you need to think that through. If fraudsters control government, how you gonna use it to neuter them?

By removing corporate politicians like Clinton and Biden and Bush and Romney from the ranks of elected officials. If you shrink government, parasites like Trump and Dimon will find it even easier to perpetuate their capitalistic frauds upon society.

Ironically the US census posted key factors in becoming wealthy.... hold a job, get married, and obey the law.

It's funny how stupid people mock how rich people end up rich... and then wonder why they are poor.

Ironically the US census posted key factors in becoming wealthy.... hold a job, get married, and obey the law.

It's funny how stupid people mock how rich people end up rich... and then wonder why they are poor.

How does the census explain unequal starting points when embarking on your quest for wealth?

Worsening wealth inequality by race

Pew found that in 2005, home equity made up nearly two-thirds of the net worth of Hispanics and 59% of blacks, but only 44% of whites.

Blacks and Hispanics are also less likely to have assets in the financial system, such as savings accounts or stocks, Kochhar said.

Looks like they should buy more stock.

Blacks and Hispanics are also less likely to have assets in the financial system, such as savings accounts or stocks, Kochhar said.

Looks like they should buy more stock.

By working a few hours more every day?

Maybe you could donate your job to a deserving black or brown worker so they could buy more stock?

 

[georgephillip]

It's your tax dollars, Kulak.
Why aren't you outraged?

You're free to argue that government should end spending on food stamps. Good luck!!

I wonder if workers would need more or fewer food stamps if WalMart fired them?
If shoppers would benefit or be harmed if WalMart didn't accept food stamps?

You're free to argue that government should end spending on food stamps. Good luck!!

I wonder if workers would need more or fewer food stamps if WalMart fired them?
If shoppers would benefit or be harmed if WalMart didn't accept food stamps?

I didn't need more proof you're an idiot, but thanks for providing it anyway.

I didn't need more proof you're an idiot, but thanks for providing it anyway.

Only idiots voted for this

Hillary is the smartest woman in world history.
So smart she lost to two amateurs.

Hillary is the smartest woman in world history.
So smart she lost to two amateurs.

I wasn't dumb enough to vote for Clinton or Trump.
You?

 

[Toddsterpatriot]

Uh... you need to think that through. If fraudsters control government, how you gonna use it to neuter them?

You neuter them by limiting government's ability to manipulate the economy in the first place. Certainly not by giving it (them) even more power to coerce our economic decisions.

Uh... you need to think that through. If fraudsters control government, how you gonna use it to neuter them?

By removing corporate politicians like Clinton and Biden and Bush and Romney from the ranks of elected officials. If you shrink government, parasites like Trump and Dimon will find it even easier to perpetuate their capitalistic frauds upon society.

Ironically the US census posted key factors in becoming wealthy.... hold a job, get married, and obey the law.

It's funny how stupid people mock how rich people end up rich... and then wonder why they are poor.

Ironically the US census posted key factors in becoming wealthy.... hold a job, get married, and obey the law.

It's funny how stupid people mock how rich people end up rich... and then wonder why they are poor.

How does the census explain unequal starting points when embarking on your quest for wealth?

Worsening wealth inequality by race

Pew found that in 2005, home equity made up nearly two-thirds of the net worth of Hispanics and 59% of blacks, but only 44% of whites.

Blacks and Hispanics are also less likely to have assets in the financial system, such as savings accounts or stocks, Kochhar said.

Looks like they should buy more stock.

Blacks and Hispanics are also less likely to have assets in the financial system, such as savings accounts or stocks, Kochhar said.

Looks like they should buy more stock.

By working a few hours more every day?

Maybe you could donate your job to a deserving black or brown worker so they could buy more stock?

You've got to spend less than you earn in order to buy stock.

Of course, in your case, first you need a job.
Tough to buy stock with your food stamps.

 

[Toddsterpatriot]

You're free to argue that government should end spending on food stamps. Good luck!!

I wonder if workers would need more or fewer food stamps if WalMart fired them?
If shoppers would benefit or be harmed if WalMart didn't accept food stamps?

You're free to argue that government should end spending on food stamps. Good luck!!

I wonder if workers would need more or fewer food stamps if WalMart fired them?
If shoppers would benefit or be harmed if WalMart didn't accept food stamps?

I didn't need more proof you're an idiot, but thanks for providing it anyway.

I didn't need more proof you're an idiot, but thanks for providing it anyway.

Only idiots voted for this

Hillary is the smartest woman in world history.
So smart she lost to two amateurs.

Hillary is the smartest woman in world history.
So smart she lost to two amateurs.

I wasn't dumb enough to vote for Clinton or Trump.
You?

You're dumber, you voted for Bernie!

 

[georgephillip]

How about stock buybacks that dilute the value of each share but provide executives with exorbitant bonuses? Do non-voting shares influence such perfidy?

How about stock buybacks that dilute the value of each share

You never explained your moronic claim.

Did you misspeak?

How about stock buybacks that dilute the value of each share

You never explained your moronic claim.

Did you misspeak?

Do you invest in fraud?

7 Reasons Stock Buybacks Should Be Illegal

CNN recently reported that America’s total debt is nearly $22 trillion, an average of $67,000 per person. That’s right; split between all U.S. citizens, you’d owe $67,000 for your share of America’s debt.

In 2019, America’s bill for the interest on that debt is $383 billion; by 2025 it’s projected to hit $928 billion or about the same amount as corporate stock buybacks in 2018. Imagine if the dollars directed to share repurchases were redirected to paying down the national debt. At the current pace of stock buybacks, the debt problem could be eliminated in 22 years.

Why the fuck should the companies I own hand over more money to the government, instead of to shareholders?

I've got a better one, "Imagine if the dollars directed to useless federal employees were redirected to paying down the national debt? Imagine if the government stopped wasting so much damn money."

Why the fuck should the companies I own hand over more money to the government, instead of to shareholders?

I've got a better one, "Imagine if the dollars directed to useless federal employees were redirected to paying down the national debt? Imagine if the government stopped wasting so much damn money."

Imagine if chicken-shit cluster fucks like you and Trump were dying in Syria instead of the Kurds?

Remember when Trump had some bombs dropped in Syria and they killed some Russians?

That was awesome!

Remember when Trump had some bombs dropped in Syria and they killed some Russians?

That was awesome!

Tell the Kurds

$$$?