Warren and the Divine Right of Capital: Accountable Capitalism Act

[Toddsterpatriot]

If left in place, which part of Glass Steagall would have prevent banks from writing, or buying, crappy mortgages?

the part that allows banks to take more 'risk' .....

Aftermath of the repeal of the Glass–Steagall Act - Wikipedia

~S~

While accepting that under Glass–Steagall financial firms could still have "made, sold, and securitized risky mortgages, all the while fueling a massive housing bubble and building a highly leveraged, Ponzi-like pyramid of derivatives on top," the New Rules Project concludes that commentators who deny the GLBA played a role in the financial crisis "fail to recognize the significance of 1999 as the pivotal policy-making moment leading up to the crash."

^
Your own source.

OMG, it reads!

Also supports the Clintons, denies the GLBA played a role in the financial crisis, and fails to recognize the significance of 1999 as the pivotal policy-making moment leading up to the crash.

Also supports the Clintons,

Not even a little.

denies the GLBA played a role in the financial crisis,

The crisis was due to crappy mortgages. Mortgages that were not affected by Glass Steagall.

 

[Grumblenuts]

It's not cooperative if it's done with a government gun pointed at your head.

 

[georgephillip]

So how are things today on the propaganda gravy train? What did I miss?

Do you like memes?

Elizabeth Warren's best and worst economic ideas

Her best economic idea was lying about being an Indian.

Made her millions.

Her best economic idea was lying about being an Indian.

Made her millions.

But not billion$

So what?

So what?

Do you agree Trump is a pathological liar?
If so, would you agree his lies are a bigger threat to this country than any fictions Warren may have told about her heritage?

#LordoftheLies Let's Real Time Fact Check Trump's Lies Since MSM Refuses To Do It's Job

 

[georgephillip]

You people never learn do you?

The whole reason Apple invested so heavily into Ireland, was because of the lower tax rate.

Increase taxes on corporations will only result in corporations investing more and more outside the US.
When will you people ever learn? How many times do you have to keep trying the same failed policies, before you figure out they don't work?

You people never learn do you?

The whole reason Apple invested so heavily into Ireland, was because of the lower tax rate.

You people are too dense to understand when rich corporations dodge their taxes, you pay the difference.

Sales at Apple’s Irish holding company rise 13.1% to $155.8bn

"In 2016, the European Commission found that Apple had benefited from illegal state aid in the Republic, and ordered it to pay €13 billion in taxes and penalties it said were owed. That money was paid into an escrow account pending the conclusion of pending appeals of the decision by the company and the State, who both claim the commission erred in its judgment."

Well first.... illegal state aid? Ireland is a sovereign state, and has the right to determine their own laws. For the EC to declare that their low tax is illegal, is dubious to me.

You realize that the Dutch still have a church tax, right? If the Dutch then said that you George, were illegally not paying the church tax, would you still be on here citing other countries claiming someone is violating a law from another country? No you wouldn't. We all know you wouldn't. You are only citing this now, because it happens to fit your partisan narrative.

If a Saudi man married your daughter, and then started beating the crap out of her, you wouldn't just accept it because the Saudis sent an official note that beatings are legal there.

But back to the main point:

Other than the dubious 'it's illegal claim'... the rest of that is dead on right, and makes my point. Apple is reacting to the tax incentives it faces. And by the way, Apple already openly said that if the tax benefit of investing in Ireland changes, they will move operations.

Again, Apple is still going to react to the incentives given. If you jack up taxes on their operations in Ireland... they are not just going to pay higher tax. They are going to move operations elsewhere. If you increase taxes here, they'll move there. If you increase taxes there, they'll move somewhere else.

There is always going to be somewhere that has a lower tax rate. Always. And business will react to that.

So you can complain about "You people are too dense to understand when rich corporations dodge their taxes, you pay the difference." but that complaint changes nothing.

Whether you believe that to be true or not, does not matter. Business will continue to react to the tax incentives given to it.

I mean again... Venezuela had the same view as you. They taxed the crap out of business, and business started leaving. They got so pissed about business leaving, they started nationalizing. Now they have almost no business left in the country, mass unemployment, and the country is in ruins.

Business can move.

Did you learn nothing from France's wealth tax? France imposed a large wealth tax, and hundreds of businesses packed up and left the country. The flight was so bad, they had to repeal the wealth tax.

So all your blaw blaw blaw about how terrible it is, doesn't matter. Business *WILL* react to tax incentives. You jack up taxes, and they'll move someplace else.

Well first.... illegal state aid? Ireland is a sovereign state, and has the right to determine their own laws. For the EC to declare that their low tax is illegal, is dubious to me

Is that because you believe shareholders (parasites) and executives are more entitled to corporate profits than the governments that charter the corporations' existence?

EU illegal State aid case against Apple in Ireland - Wikipedia

"The issue was Apple's variation of the 'double Irish' tax system, which, from 2004–2014, Apple used to shield €110.8 billion[5][12] of non–US profits from tax.[13]

"Apple did not use the standard two separate Irish companies, as Google and other Irish-based US multinationals employ with their 'double Irish' tax systems, but instead received two rulings from the Irish Revenue Commissioners (in 1991, and again updated in 2007), that it could use a single Irish company, split into 'two branches'.

"These were private rulings to Apple, not given to other Irish-based US multinationals, and thus charged as illegal Irish state aid by the Commission.[11]"

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

You're a corporate parasite.

"Classical economics divided income into two types: earned and unearned. Earned income came from productive labor combined with capital investment.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

"It was not considered as adding to GDP but as subtracting from it.

"It was money made by manipulating money much as feudal landlords made their money in what has been called a rentier economy."

Financial Parasites Have Become Neo-Feudal Landlords

 

[georgephillip]

R U Human?

 

[dblack]

 

[Toddsterpatriot]

You people never learn do you?

The whole reason Apple invested so heavily into Ireland, was because of the lower tax rate.

Increase taxes on corporations will only result in corporations investing more and more outside the US.
When will you people ever learn? How many times do you have to keep trying the same failed policies, before you figure out they don't work?

You people never learn do you?

The whole reason Apple invested so heavily into Ireland, was because of the lower tax rate.

You people are too dense to understand when rich corporations dodge their taxes, you pay the difference.

Sales at Apple’s Irish holding company rise 13.1% to $155.8bn

"In 2016, the European Commission found that Apple had benefited from illegal state aid in the Republic, and ordered it to pay €13 billion in taxes and penalties it said were owed. That money was paid into an escrow account pending the conclusion of pending appeals of the decision by the company and the State, who both claim the commission erred in its judgment."

Well first.... illegal state aid? Ireland is a sovereign state, and has the right to determine their own laws. For the EC to declare that their low tax is illegal, is dubious to me.

You realize that the Dutch still have a church tax, right? If the Dutch then said that you George, were illegally not paying the church tax, would you still be on here citing other countries claiming someone is violating a law from another country? No you wouldn't. We all know you wouldn't. You are only citing this now, because it happens to fit your partisan narrative.

If a Saudi man married your daughter, and then started beating the crap out of her, you wouldn't just accept it because the Saudis sent an official note that beatings are legal there.

But back to the main point:

Other than the dubious 'it's illegal claim'... the rest of that is dead on right, and makes my point. Apple is reacting to the tax incentives it faces. And by the way, Apple already openly said that if the tax benefit of investing in Ireland changes, they will move operations.

Again, Apple is still going to react to the incentives given. If you jack up taxes on their operations in Ireland... they are not just going to pay higher tax. They are going to move operations elsewhere. If you increase taxes here, they'll move there. If you increase taxes there, they'll move somewhere else.

There is always going to be somewhere that has a lower tax rate. Always. And business will react to that.

So you can complain about "You people are too dense to understand when rich corporations dodge their taxes, you pay the difference." but that complaint changes nothing.

Whether you believe that to be true or not, does not matter. Business will continue to react to the tax incentives given to it.

I mean again... Venezuela had the same view as you. They taxed the crap out of business, and business started leaving. They got so pissed about business leaving, they started nationalizing. Now they have almost no business left in the country, mass unemployment, and the country is in ruins.

Business can move.

Did you learn nothing from France's wealth tax? France imposed a large wealth tax, and hundreds of businesses packed up and left the country. The flight was so bad, they had to repeal the wealth tax.

So all your blaw blaw blaw about how terrible it is, doesn't matter. Business *WILL* react to tax incentives. You jack up taxes, and they'll move someplace else.

Well first.... illegal state aid? Ireland is a sovereign state, and has the right to determine their own laws. For the EC to declare that their low tax is illegal, is dubious to me

Is that because you believe shareholders (parasites) and executives are more entitled to corporate profits than the governments that charter the corporations' existence?

EU illegal State aid case against Apple in Ireland - Wikipedia

"The issue was Apple's variation of the 'double Irish' tax system, which, from 2004–2014, Apple used to shield €110.8 billion[5][12] of non–US profits from tax.[13]

"Apple did not use the standard two separate Irish companies, as Google and other Irish-based US multinationals employ with their 'double Irish' tax systems, but instead received two rulings from the Irish Revenue Commissioners (in 1991, and again updated in 2007), that it could use a single Irish company, split into 'two branches'.

"These were private rulings to Apple, not given to other Irish-based US multinationals, and thus charged as illegal Irish state aid by the Commission.[11]"

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

You're a corporate parasite.

"Classical economics divided income into two types: earned and unearned. Earned income came from productive labor combined with capital investment.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

"It was not considered as adding to GDP but as subtracting from it.

"It was money made by manipulating money much as feudal landlords made their money in what has been called a rentier economy."

Financial Parasites Have Become Neo-Feudal Landlords

You're a corporate parasite.

You're a whiney twat.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

Yeah, Marxist economics worked so much better. LOL!

 

[georgephillip]

 

[dblack]

 

[georgephillip]

 

[dblack]

 

[georgephillip]

You people are too dense to understand when rich corporations dodge their taxes, you pay the difference.

Sales at Apple’s Irish holding company rise 13.1% to $155.8bn

"In 2016, the European Commission found that Apple had benefited from illegal state aid in the Republic, and ordered it to pay €13 billion in taxes and penalties it said were owed. That money was paid into an escrow account pending the conclusion of pending appeals of the decision by the company and the State, who both claim the commission erred in its judgment."

Well first.... illegal state aid? Ireland is a sovereign state, and has the right to determine their own laws. For the EC to declare that their low tax is illegal, is dubious to me.

You realize that the Dutch still have a church tax, right? If the Dutch then said that you George, were illegally not paying the church tax, would you still be on here citing other countries claiming someone is violating a law from another country? No you wouldn't. We all know you wouldn't. You are only citing this now, because it happens to fit your partisan narrative.

If a Saudi man married your daughter, and then started beating the crap out of her, you wouldn't just accept it because the Saudis sent an official note that beatings are legal there.

But back to the main point:

Other than the dubious 'it's illegal claim'... the rest of that is dead on right, and makes my point. Apple is reacting to the tax incentives it faces. And by the way, Apple already openly said that if the tax benefit of investing in Ireland changes, they will move operations.

Again, Apple is still going to react to the incentives given. If you jack up taxes on their operations in Ireland... they are not just going to pay higher tax. They are going to move operations elsewhere. If you increase taxes here, they'll move there. If you increase taxes there, they'll move somewhere else.

There is always going to be somewhere that has a lower tax rate. Always. And business will react to that.

So you can complain about "You people are too dense to understand when rich corporations dodge their taxes, you pay the difference." but that complaint changes nothing.

Whether you believe that to be true or not, does not matter. Business will continue to react to the tax incentives given to it.

I mean again... Venezuela had the same view as you. They taxed the crap out of business, and business started leaving. They got so pissed about business leaving, they started nationalizing. Now they have almost no business left in the country, mass unemployment, and the country is in ruins.

Business can move.

Did you learn nothing from France's wealth tax? France imposed a large wealth tax, and hundreds of businesses packed up and left the country. The flight was so bad, they had to repeal the wealth tax.

So all your blaw blaw blaw about how terrible it is, doesn't matter. Business *WILL* react to tax incentives. You jack up taxes, and they'll move someplace else.

Well first.... illegal state aid? Ireland is a sovereign state, and has the right to determine their own laws. For the EC to declare that their low tax is illegal, is dubious to me

Is that because you believe shareholders (parasites) and executives are more entitled to corporate profits than the governments that charter the corporations' existence?

EU illegal State aid case against Apple in Ireland - Wikipedia

"The issue was Apple's variation of the 'double Irish' tax system, which, from 2004–2014, Apple used to shield €110.8 billion[5][12] of non–US profits from tax.[13]

"Apple did not use the standard two separate Irish companies, as Google and other Irish-based US multinationals employ with their 'double Irish' tax systems, but instead received two rulings from the Irish Revenue Commissioners (in 1991, and again updated in 2007), that it could use a single Irish company, split into 'two branches'.

"These were private rulings to Apple, not given to other Irish-based US multinationals, and thus charged as illegal Irish state aid by the Commission.[11]"

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

You're a corporate parasite.

"Classical economics divided income into two types: earned and unearned. Earned income came from productive labor combined with capital investment.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

"It was not considered as adding to GDP but as subtracting from it.

"It was money made by manipulating money much as feudal landlords made their money in what has been called a rentier economy."

Financial Parasites Have Become Neo-Feudal Landlords

You're a corporate parasite.

You're a whiney twat.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

Yeah, Marxist economics worked so much better. LOL!

Unearned income was considered parasitical and consisted of rent, interest and dividends.

Yeah, Marxist economics worked so much better. LOL!

You prefer crony capitalism, Kulak?

Financial Parasites Have Become Neo-Feudal Landlords

Today, most of the money earned by the 1% driving the income inequality gap is being made in the financialized, rentier economy but is now considered earned income.

"New methods have been devised to make money not by productive labor and investment but by manipulating financial instruments.

"One such manipulation consists of stock buybacks."

 

[Toddsterpatriot]

Well first.... illegal state aid? Ireland is a sovereign state, and has the right to determine their own laws. For the EC to declare that their low tax is illegal, is dubious to me.

You realize that the Dutch still have a church tax, right? If the Dutch then said that you George, were illegally not paying the church tax, would you still be on here citing other countries claiming someone is violating a law from another country? No you wouldn't. We all know you wouldn't. You are only citing this now, because it happens to fit your partisan narrative.

If a Saudi man married your daughter, and then started beating the crap out of her, you wouldn't just accept it because the Saudis sent an official note that beatings are legal there.

But back to the main point:

Other than the dubious 'it's illegal claim'... the rest of that is dead on right, and makes my point. Apple is reacting to the tax incentives it faces. And by the way, Apple already openly said that if the tax benefit of investing in Ireland changes, they will move operations.

Again, Apple is still going to react to the incentives given. If you jack up taxes on their operations in Ireland... they are not just going to pay higher tax. They are going to move operations elsewhere. If you increase taxes here, they'll move there. If you increase taxes there, they'll move somewhere else.

There is always going to be somewhere that has a lower tax rate. Always. And business will react to that.

So you can complain about "You people are too dense to understand when rich corporations dodge their taxes, you pay the difference." but that complaint changes nothing.

Whether you believe that to be true or not, does not matter. Business will continue to react to the tax incentives given to it.

I mean again... Venezuela had the same view as you. They taxed the crap out of business, and business started leaving. They got so pissed about business leaving, they started nationalizing. Now they have almost no business left in the country, mass unemployment, and the country is in ruins.

Business can move.

Did you learn nothing from France's wealth tax? France imposed a large wealth tax, and hundreds of businesses packed up and left the country. The flight was so bad, they had to repeal the wealth tax.

So all your blaw blaw blaw about how terrible it is, doesn't matter. Business *WILL* react to tax incentives. You jack up taxes, and they'll move someplace else.

Well first.... illegal state aid? Ireland is a sovereign state, and has the right to determine their own laws. For the EC to declare that their low tax is illegal, is dubious to me

Is that because you believe shareholders (parasites) and executives are more entitled to corporate profits than the governments that charter the corporations' existence?

EU illegal State aid case against Apple in Ireland - Wikipedia

"The issue was Apple's variation of the 'double Irish' tax system, which, from 2004–2014, Apple used to shield €110.8 billion[5][12] of non–US profits from tax.[13]

"Apple did not use the standard two separate Irish companies, as Google and other Irish-based US multinationals employ with their 'double Irish' tax systems, but instead received two rulings from the Irish Revenue Commissioners (in 1991, and again updated in 2007), that it could use a single Irish company, split into 'two branches'.

"These were private rulings to Apple, not given to other Irish-based US multinationals, and thus charged as illegal Irish state aid by the Commission.[11]"

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

You're a corporate parasite.

"Classical economics divided income into two types: earned and unearned. Earned income came from productive labor combined with capital investment.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

"It was not considered as adding to GDP but as subtracting from it.

"It was money made by manipulating money much as feudal landlords made their money in what has been called a rentier economy."

Financial Parasites Have Become Neo-Feudal Landlords

You're a corporate parasite.

You're a whiney twat.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

Yeah, Marxist economics worked so much better. LOL!

Unearned income was considered parasitical and consisted of rent, interest and dividends.

Yeah, Marxist economics worked so much better. LOL!

You prefer crony capitalism, Kulak?

Financial Parasites Have Become Neo-Feudal Landlords

Today, most of the money earned by the 1% driving the income inequality gap is being made in the financialized, rentier economy but is now considered earned income.

"New methods have been devised to make money not by productive labor and investment but by manipulating financial instruments.

"One such manipulation consists of stock buybacks."

You prefer crony capitalism, Kulak?

Under crony capitalism, I'm free to quit my job and accept another.
Under Marxist capitalism, I'm free to quit my job and enter the gulag.

"One such manipulation consists of stock buybacks."

Allowing corporations to do what they want with their own earnings. Dreadful!!! LOL!

You commies are so funny.

 

[Toddsterpatriot]

Well first.... illegal state aid? Ireland is a sovereign state, and has the right to determine their own laws. For the EC to declare that their low tax is illegal, is dubious to me.

You realize that the Dutch still have a church tax, right? If the Dutch then said that you George, were illegally not paying the church tax, would you still be on here citing other countries claiming someone is violating a law from another country? No you wouldn't. We all know you wouldn't. You are only citing this now, because it happens to fit your partisan narrative.

If a Saudi man married your daughter, and then started beating the crap out of her, you wouldn't just accept it because the Saudis sent an official note that beatings are legal there.

But back to the main point:

Other than the dubious 'it's illegal claim'... the rest of that is dead on right, and makes my point. Apple is reacting to the tax incentives it faces. And by the way, Apple already openly said that if the tax benefit of investing in Ireland changes, they will move operations.

Again, Apple is still going to react to the incentives given. If you jack up taxes on their operations in Ireland... they are not just going to pay higher tax. They are going to move operations elsewhere. If you increase taxes here, they'll move there. If you increase taxes there, they'll move somewhere else.

There is always going to be somewhere that has a lower tax rate. Always. And business will react to that.

So you can complain about "You people are too dense to understand when rich corporations dodge their taxes, you pay the difference." but that complaint changes nothing.

Whether you believe that to be true or not, does not matter. Business will continue to react to the tax incentives given to it.

I mean again... Venezuela had the same view as you. They taxed the crap out of business, and business started leaving. They got so pissed about business leaving, they started nationalizing. Now they have almost no business left in the country, mass unemployment, and the country is in ruins.

Business can move.

Did you learn nothing from France's wealth tax? France imposed a large wealth tax, and hundreds of businesses packed up and left the country. The flight was so bad, they had to repeal the wealth tax.

So all your blaw blaw blaw about how terrible it is, doesn't matter. Business *WILL* react to tax incentives. You jack up taxes, and they'll move someplace else.

Well first.... illegal state aid? Ireland is a sovereign state, and has the right to determine their own laws. For the EC to declare that their low tax is illegal, is dubious to me

Is that because you believe shareholders (parasites) and executives are more entitled to corporate profits than the governments that charter the corporations' existence?

EU illegal State aid case against Apple in Ireland - Wikipedia

"The issue was Apple's variation of the 'double Irish' tax system, which, from 2004–2014, Apple used to shield €110.8 billion[5][12] of non–US profits from tax.[13]

"Apple did not use the standard two separate Irish companies, as Google and other Irish-based US multinationals employ with their 'double Irish' tax systems, but instead received two rulings from the Irish Revenue Commissioners (in 1991, and again updated in 2007), that it could use a single Irish company, split into 'two branches'.

"These were private rulings to Apple, not given to other Irish-based US multinationals, and thus charged as illegal Irish state aid by the Commission.[11]"

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

You're a corporate parasite.

"Classical economics divided income into two types: earned and unearned. Earned income came from productive labor combined with capital investment.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

"It was not considered as adding to GDP but as subtracting from it.

"It was money made by manipulating money much as feudal landlords made their money in what has been called a rentier economy."

Financial Parasites Have Become Neo-Feudal Landlords

You're a corporate parasite.

You're a whiney twat.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

Yeah, Marxist economics worked so much better. LOL!

Unearned income was considered parasitical and consisted of rent, interest and dividends.

Yeah, Marxist economics worked so much better. LOL!

You prefer crony capitalism, Kulak?

Financial Parasites Have Become Neo-Feudal Landlords

Today, most of the money earned by the 1% driving the income inequality gap is being made in the financialized, rentier economy but is now considered earned income.

"New methods have been devised to make money not by productive labor and investment but by manipulating financial instruments.

"One such manipulation consists of stock buybacks."

When a company uses its profits or even borrowed money to buy back its own stock, that’s money that is not being used for research and development or to expand production or to make a better product.

Expand production? Make a better product?

If they did that, they might make more money.

And then you twats would whine even more. DURR.

 

[georgephillip]

Is that because you believe shareholders (parasites) and executives are more entitled to corporate profits than the governments that charter the corporations' existence?

EU illegal State aid case against Apple in Ireland - Wikipedia

"The issue was Apple's variation of the 'double Irish' tax system, which, from 2004–2014, Apple used to shield €110.8 billion[5][12] of non–US profits from tax.[13]

"Apple did not use the standard two separate Irish companies, as Google and other Irish-based US multinationals employ with their 'double Irish' tax systems, but instead received two rulings from the Irish Revenue Commissioners (in 1991, and again updated in 2007), that it could use a single Irish company, split into 'two branches'.

"These were private rulings to Apple, not given to other Irish-based US multinationals, and thus charged as illegal Irish state aid by the Commission.[11]"

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

You're a corporate parasite.

"Classical economics divided income into two types: earned and unearned. Earned income came from productive labor combined with capital investment.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

"It was not considered as adding to GDP but as subtracting from it.

"It was money made by manipulating money much as feudal landlords made their money in what has been called a rentier economy."

Financial Parasites Have Become Neo-Feudal Landlords

You're a corporate parasite.

You're a whiney twat.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

Yeah, Marxist economics worked so much better. LOL!

Unearned income was considered parasitical and consisted of rent, interest and dividends.

Yeah, Marxist economics worked so much better. LOL!

You prefer crony capitalism, Kulak?

Financial Parasites Have Become Neo-Feudal Landlords

Today, most of the money earned by the 1% driving the income inequality gap is being made in the financialized, rentier economy but is now considered earned income.

"New methods have been devised to make money not by productive labor and investment but by manipulating financial instruments.

"One such manipulation consists of stock buybacks."

You prefer crony capitalism, Kulak?

Under crony capitalism, I'm free to quit my job and accept another.
Under Marxist capitalism, I'm free to quit my job and enter the gulag.

"One such manipulation consists of stock buybacks."

Allowing corporations to do what they want with their own earnings. Dreadful!!! LOL!

You commies are so funny.

"One such manipulation consists of stock buybacks."

Allowing corporations to do what they want with their own earnings. Dreadful!!! LOL!

"Why would a company buy back its own stock, stock issued in the first place supposedly to give the company money it needed for productive investment to produce goods and services?

"The answer is very simple.

"When a corporation buys its own stock (often with borrowed money), the stock usually goes up at least temporarily.

"That gives the executives of the company and activist hedge funds time to cash in their stock grants, options and garden variety stocks and make a killing."

Financial Parasites Have Become Neo-Feudal Landlords

 

[georgephillip]

Is that because you believe shareholders (parasites) and executives are more entitled to corporate profits than the governments that charter the corporations' existence?

EU illegal State aid case against Apple in Ireland - Wikipedia

"The issue was Apple's variation of the 'double Irish' tax system, which, from 2004–2014, Apple used to shield €110.8 billion[5][12] of non–US profits from tax.[13]

"Apple did not use the standard two separate Irish companies, as Google and other Irish-based US multinationals employ with their 'double Irish' tax systems, but instead received two rulings from the Irish Revenue Commissioners (in 1991, and again updated in 2007), that it could use a single Irish company, split into 'two branches'.

"These were private rulings to Apple, not given to other Irish-based US multinationals, and thus charged as illegal Irish state aid by the Commission.[11]"

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

You're a corporate parasite.

"Classical economics divided income into two types: earned and unearned. Earned income came from productive labor combined with capital investment.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

"It was not considered as adding to GDP but as subtracting from it.

"It was money made by manipulating money much as feudal landlords made their money in what has been called a rentier economy."

Financial Parasites Have Become Neo-Feudal Landlords

You're a corporate parasite.

You're a whiney twat.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

Yeah, Marxist economics worked so much better. LOL!

Unearned income was considered parasitical and consisted of rent, interest and dividends.

Yeah, Marxist economics worked so much better. LOL!

You prefer crony capitalism, Kulak?

Financial Parasites Have Become Neo-Feudal Landlords

Today, most of the money earned by the 1% driving the income inequality gap is being made in the financialized, rentier economy but is now considered earned income.

"New methods have been devised to make money not by productive labor and investment but by manipulating financial instruments.

"One such manipulation consists of stock buybacks."

When a company uses its profits or even borrowed money to buy back its own stock, that’s money that is not being used for research and development or to expand production or to make a better product.

Expand production? Make a better product?

If they did that, they might make more money.

And then you twats would whine even more. DURR.

xpand production? Make a better product?

If they did that, they might make more money

And pay productive labor higher wages.
How would greedy little piggies (like you) get rich from that?

 

[Toddsterpatriot]

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

You're a corporate parasite.

"Classical economics divided income into two types: earned and unearned. Earned income came from productive labor combined with capital investment.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

"It was not considered as adding to GDP but as subtracting from it.

"It was money made by manipulating money much as feudal landlords made their money in what has been called a rentier economy."

Financial Parasites Have Become Neo-Feudal Landlords

You're a corporate parasite.

You're a whiney twat.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

Yeah, Marxist economics worked so much better. LOL!

Unearned income was considered parasitical and consisted of rent, interest and dividends.

Yeah, Marxist economics worked so much better. LOL!

You prefer crony capitalism, Kulak?

Financial Parasites Have Become Neo-Feudal Landlords

Today, most of the money earned by the 1% driving the income inequality gap is being made in the financialized, rentier economy but is now considered earned income.

"New methods have been devised to make money not by productive labor and investment but by manipulating financial instruments.

"One such manipulation consists of stock buybacks."

You prefer crony capitalism, Kulak?

Under crony capitalism, I'm free to quit my job and accept another.
Under Marxist capitalism, I'm free to quit my job and enter the gulag.

"One such manipulation consists of stock buybacks."

Allowing corporations to do what they want with their own earnings. Dreadful!!! LOL!

You commies are so funny.

"One such manipulation consists of stock buybacks."

Allowing corporations to do what they want with their own earnings. Dreadful!!! LOL!

"Why would a company buy back its own stock, stock issued in the first place supposedly to give the company money it needed for productive investment to produce goods and services?

"The answer is very simple.

"When a corporation buys its own stock (often with borrowed money), the stock usually goes up at least temporarily.

"That gives the executives of the company and activist hedge funds time to cash in their stock grants, options and garden variety stocks and make a killing."

Financial Parasites Have Become Neo-Feudal Landlords

Why would a company buy back its own stock

Why not? It's their money, their decision.

When a corporation buys its own stock (often with borrowed money), the stock usually goes up at least temporarily.

Yup. And their earnings are spread across a smaller number of shares.
It's the opposite of dilution, you moron.

"That gives the executives of the company and activist hedge funds time to cash in their stock grants, options and garden variety stocks and make a killing."

If you owned any stock, you could also sell your shares and make a killing.

 

[Toddsterpatriot]

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

You're a corporate parasite.

"Classical economics divided income into two types: earned and unearned. Earned income came from productive labor combined with capital investment.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

"It was not considered as adding to GDP but as subtracting from it.

"It was money made by manipulating money much as feudal landlords made their money in what has been called a rentier economy."

Financial Parasites Have Become Neo-Feudal Landlords

You're a corporate parasite.

You're a whiney twat.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

Yeah, Marxist economics worked so much better. LOL!

Unearned income was considered parasitical and consisted of rent, interest and dividends.

Yeah, Marxist economics worked so much better. LOL!

You prefer crony capitalism, Kulak?

Financial Parasites Have Become Neo-Feudal Landlords

Today, most of the money earned by the 1% driving the income inequality gap is being made in the financialized, rentier economy but is now considered earned income.

"New methods have been devised to make money not by productive labor and investment but by manipulating financial instruments.

"One such manipulation consists of stock buybacks."

When a company uses its profits or even borrowed money to buy back its own stock, that’s money that is not being used for research and development or to expand production or to make a better product.

Expand production? Make a better product?

If they did that, they might make more money.

And then you twats would whine even more. DURR.

xpand production? Make a better product?

If they did that, they might make more money

And pay productive labor higher wages.
How would greedy little piggies (like you) get rich from that?

Or have whiney twats complain they're too big and need to be broken up / taxed even more.

 

[Andylusion]

You people are too dense to understand when rich corporations dodge their taxes, you pay the difference.

i dunno George, i'm a completely uneducated, uncultured reclusive scarecrow out in Gawd's country raising livestock to eat.......and i get it....

~S~

i dunno George, i'm a completely uneducated, uncultured reclusive scarecrow out in Gawd's country raising livestock to eat.......and i get it....

Andy Delusion brings his own special brand of myopia to how this economy functions, imho. I suspect he represent a majority on this board but a minority in the country.

I agree with that. I don't know if my views are the majority of this forum.... maybe... but I am most certainly the minority in the country, which suits me just fine.

Let me ask you.... out of any given group of 100 adults... how many do you think have read all the research on the effects of the minimum wage? Keep in mind, I don't mean "read a headline".... I mean actually pulled up the research itself, and read through it?

The answer is barely 1 in 100. Honestly it could be 1 in 1,000.

So when you say the majority of the general public, that's the majority of ignorance. That's not an insult, just a fact. The vast majority of people are just flat out ignorant.

And again, that's not an insult. The majority of people are busy with their lives. They have kids to raise, careers to work, and family to take care of, vacations to go on.

Doing hours of reading on how economics works, is things that losers like me, who have no life, do. Again, just being honest. I don't do anything else. My weekends are usually me finding a documentary on Thomas Sowell, or nuclear physics, and watching it. I'm a nerd. I know it.

But the bottom line is, yeah.... ignorant people have uninformed views. Me, being informed, have a different view.

I'm ok with this. I know I'm right.... that's all I need to know. I don't base the 'correctness' of my views, on how popular they are with the public which hasn't been educated on any of the things they support.

By the way, this is one of the reasons the founding fathers didn't want a public vote on national policy. They didn't want us voting on the president, because a politician from Washington can convince many people with smooth talking, that you can have unlimited government services, and no tax, because someone else will pay for it.

We are living out the failures, that the founding fathers tried to avoid.

 

[Andylusion]

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

Shareholders and executives are more entitled to corporate profits than the government parasites that charter the corporations' existence.

You're a corporate parasite.

"Classical economics divided income into two types: earned and unearned. Earned income came from productive labor combined with capital investment.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

"It was not considered as adding to GDP but as subtracting from it.

"It was money made by manipulating money much as feudal landlords made their money in what has been called a rentier economy."

Financial Parasites Have Become Neo-Feudal Landlords

You're a corporate parasite.

You're a whiney twat.

"Unearned income was considered parasitical and consisted of rent, interest and dividends.

Yeah, Marxist economics worked so much better. LOL!

Unearned income was considered parasitical and consisted of rent, interest and dividends.

Yeah, Marxist economics worked so much better. LOL!

You prefer crony capitalism, Kulak?

Financial Parasites Have Become Neo-Feudal Landlords

Today, most of the money earned by the 1% driving the income inequality gap is being made in the financialized, rentier economy but is now considered earned income.

"New methods have been devised to make money not by productive labor and investment but by manipulating financial instruments.

"One such manipulation consists of stock buybacks."

You prefer crony capitalism, Kulak?

Under crony capitalism, I'm free to quit my job and accept another.
Under Marxist capitalism, I'm free to quit my job and enter the gulag.

"One such manipulation consists of stock buybacks."

Allowing corporations to do what they want with their own earnings. Dreadful!!! LOL!

You commies are so funny.

"One such manipulation consists of stock buybacks."

Allowing corporations to do what they want with their own earnings. Dreadful!!! LOL!

"Why would a company buy back its own stock, stock issued in the first place supposedly to give the company money it needed for productive investment to produce goods and services?

"The answer is very simple.

"When a corporation buys its own stock (often with borrowed money), the stock usually goes up at least temporarily.

"That gives the executives of the company and activist hedge funds time to cash in their stock grants, options and garden variety stocks and make a killing."

Financial Parasites Have Become Neo-Feudal Landlords

There are a number of reasons a company will buy back stock.

One is certainly that it will cause stock manipulation. I don't have a problem with that. It is THEIR stock. They can do what they want. Again, this is just you, shoving your nose half way up the butt, of someone elses business. Mind your own business? What do you care if they buy back their stock or not, to increase stock values? What business is that of yours?

As a shareholder, I have no problem with that. Because if they buy back stock and get more money because of it... who else also benefits? Me. I have stock in the company. My stock will end up more valuable. Same is true with Union workers, whose pensions are wrapped up in stock. Same is true of 401Ks in stock. Same is true of annuities invested in stock.

You claim to care about the working people... well...? That's a benefit to the working people. So shut up, and do what your parents should have taught you, and mind your own business.

But if you are curious about the other reasons.....

There are two other often mentioned reasons companies buy back stock.

1. It reduces in the long term, the dividend payouts to shareholders.

Obviously, if the company buys back it's stock, it doesn't have to pay dividends to itself.

2. It consolidates control of the company, and reduces the chance of a hostile vote.

Famously Apple in the mid-2000s I believe, had a faction of shareholders who were pushing Apple to dole out it's saved money into shareholder dividends. While Apple's leadership has always been rather left-wing ideology, fiscally Apple is one of the most conservative companies in the country, and is usually sitting on millions, if not a few billion dollars in saved money. It's one of the reasons Apple never filed bankruptcy in the 90s, when they were bleeding money year over year.

As soon as Apple fended off the rouge faction of shareholders, Apple quickly moved to buy back stock, to prevent a future attempt to corner management.

And there are a few other lesser reasons to buy back stock, involving SEC rules and such. The bottom line is, as I said before... nonya bidnes.

Financial Parasites Have Become Neo-Feudal Landlords

Ummmm.... No? If that was true, then how did Enron fail? Because I guarantee that if Enron was a feudal landlord, it would be impossible to go bankrupt, when you have guaranteed income from state imposed tenets.

How did 2008 ever happen then? Where is WaMu today? Doesn't exist. How is that possible if they are a feudal lord?

Ridiculous.