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Liberals: Ban corporate profits....

Discussion in 'Politics, Elections & Legislation' started by Brian in Oregon, Sep 7, 2012.

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  1. Brian in Oregon

    Brian in Oregon Well-Known Member

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    Published on Sep 5, 2012 by SchiffReport

    Posing as an anti-business crusader, Peter Schiff found a number of DNC delegates and attendees who support explicitly outlawing profitability. We deliberately avoided speaking with the occupy protestors camping outside in tents to get a more "mainstream" Democratic perspective!

    Stick a fork in America - It's done.
     
  2. Setterman

    Setterman Well-Known Member

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    I think we should ban worthless bums from being in our city parks over night....like the old days.
     
  3. Rick Barker

    Rick Barker Well-Known Member

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    I hope someday, we come to understand Liberism and Communism, like Nazism is an abomination to the principles of freedom.

    We should treat it like any other crimminal activity, that it is not protected by the same laws that protect our freedoms, outlaw it, ban it, and imprison those who practice and promote it..............just like they want to do to us.
     
  4. Recoil Sissy

    Recoil Sissy Well-Known Member

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    Setterman:

    FWIW, traditional bums generally live on the street because of substance abuse, mental illness, or both. Unlike the anarchist riff raff of the Occupy groups, traditional bums don't have a political agenda nor are they interested in imposing their self destructive lifestyle on others.

    One of the curiousities of the democrat convention was having an Occupy group camped nearby. As ideological soul mates the Occupy bunch should have been on stage with the other keynote speakers.

    sissy
     
  5. BAD 303

    BAD 303 Active Member

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    Anyone that has been paying attention the last four years already has seen Hussein's intentions. And not only is he outlawing profits but he aslo wants to take what money you have and spread the wealth. Socialism at is best.
     
  6. halfmile

    halfmile Well-Known Member

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    Man, what a bunch of uneducated fools. What do they think banning profits will do to their 401K's?

    Peter Schiff is way ahead of the curve. He was announcing the housing crash a full 9 months or more before it happened.

    He was also against the bailouts, correctly saying the companies that had failed would be replaced by concerns that operated more intelligently.

    This would have made a short sharp recession instead of prolonging the agony a la the 30's.

    If you want to get finacial columns from him go to Europacific.com. His brokerage more or less has specialized in offshore stocks. You can get the Schiff Report in your email, and catch a lot of his stuff on Youtube.

    HM
     
  7. stokinpls

    stokinpls Well-Known Member

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    Here's the Jughead "Profit" Plan

    "79% of GM’s sales last month was government purchased

    July 12th, 2012

    Remember how Obama keeps telling us how he saved GM, and how our economy is getting better, it seems the car company he bought is being saved by Govt employees using our tax money to buy new cars. 79% of GM’s sales last month was government purchased.

    GM’s sales figures for last month were the best since 2008, up 16% for the month of June. YIPPEE! Well, wait just a minute. It seems that those rosy sales figures are due primarily to a 79% increase in fleet sales to the U.S. government in June. That’s right. Our tax dollars are being used to pump up GM’s sales figures ahead of next month’s quarterly report so that Dear Leader can point to Government Motors as a huge success. The incestuous relationship between GM, the UAW and the Regime has never been more glaringly apparent. I’ve said it before and I’ll say it again. GM is unsustainable without government subsidies and will ultimately go bust again, taking billions of taxpayer dollars down with it.

    We bailed out General Motors to the tune of $50 billion. $30 billion of this is effectively a loss, mostly sunk into fattening the United Auto Workers union—fierce Obama supporters—while the actual bondholders were shown the elevator shaft.

    Meanwhile, as News Busters reports, “We the Taxpayers are still stuck holding 500+ million shares of GM stock. Which we need to sell at $53 per. Which debuted post-bankruptcy at $33 per. And which is currently trading at just over $20 per. Meaning we’ll lose about $15 billion.”

    But it gets better. Despite the overwhelming negatives, the tiny bright spot of positive June sales numbers is being heralded by Obama and the leftist press as proof the auto bailout was a “success.”

    Obama is now campaigning on the “success” of – the government buying cars from…the government’s car company. With our money.

    Americanvision says That’s like you setting up a lemonade stand for your kids. You buy them the lemons, sugar, cups and pitchers – and then buy most of the lemonade yourself.

    The pressure is on Government Motors to appear financially strong as this may be the last earnings report before November elections and sets the stage for how “successful” GM is. One of GM’s past tricks to help fudge earnings numbers has been to stuff truck inventory channels. Old habits die hard at GM. According to a Bloomberg report, “GM said inventory of its full-size pickups, which will be refreshed next year, climbed to 238,194 at the end of June, a 135 days’ supply, up from 116 days at the end of May.” 135 days’ supply is huge, the accepted norm is a 60 day supply. The trick here is that GM records revenue when vehicles go into dealerships."
     
  8. birdogs

    birdogs TS Member

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    From where does the money come to pay wages if not from profit? Is the proposal that everyone works for the government and turns over all revenues to the government so that the government can then distribute it equitably? Isn't this the commuine system? Has it ever worked in a diverse culture?

    Why do the dumbest SOBs ask the stupidest questions, make the most idiotic proposals, and get national media attention?
     
  9. Rick Barker

    Rick Barker Well-Known Member

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    I keep telling ya', it really is a mental illneea.


    I just caught a clip on Eliabeth Warren's speech about corporations not being people. Even after the Supreme Court (the holiest of holies to the Left) said they were. UNfreakin' believeable. Do you think they believe Government is not people??
     
  10. Catpower

    Catpower Molon Labe TS Supporters

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    What a bunch of lunatics
     
  11. Brian in Oregon

    Brian in Oregon Well-Known Member

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    Quote: <i>"From where does the money come to pay wages if not from profit? Is the proposal that everyone works for the government and turns over all revenues to the government so that the government can then distribute it equitably? Isn't this the commuine system? Has it ever worked in a diverse culture?"</i>

    Wages are not paid from profits.

    Profits are what's left over after wages are paid, property is paid for, taxes are paid, bills are paid, material is purchased, etc. All of that is overhead and manufacturing costs. Plus loans have to be paid.

    Profits are the incentive to investors to loan money to a company. A bank makes a loan and gets paid interest as an incentive. Investors make a loan in the form of an investment. Investors potentially can make a lot of return on their money. Back in the good days my 401K was making from 28% to 33%, but my risk was higher, meaning I could lose a lot too. Fixed interest, like banks, has lower risk, but also much lower returns (except for risky loans). So when the economy looked like it was heading for a cliff, I got out of the market early and invested in low risk fixed interest. I didn't make a lot, but when the market tanked and went negative, I sure didn't lose either. Some people lost half of their 401Ks or more.

    And that's the point. Getting rid of profit or putting a cap on it means investors will become very conservative with their money. Some risky business startups will never get off the ground because no one is going to risk money without getting a larger return for their risk.

    Further, businesses and corporations are income taxed on their profits (this doesn't count fuel taxes, excise taxes, payroll taxes and all the other taxes they pay, which is part of overhead). Investors pay DEFERRED income tax on their investments. They only pay tax when they cash in their stocks. This is another incentive to invest - deferred taxes that lower your taxes now. The main reason for the deferred tax, though, is that investments not only gain value (which is taxable), but they can lose value too. It would be an accounting nightmare to track stocks and set a tax rate and payment while they are in the volatile state.

    All of these morons in the video simply have no clue how the business and corporate world operate.

    Is there a disparity between the rich and other classes and is it getting wider? Yes, definitely. And it's true that every year the rich wind up with more and more of the overall wealth. By the same token, the rich are also investing more, which is what fuels the economy.

    Taxes do not fuel the economy. The overhead is way too high for them in the first place. And taxes do no investing in businesses or corporations. At best they can buy products, but there is a limit to this and there is no real return for the money spent. The government has made risky emergency loans to corporations, but generally these are politically fueled, the taxpayers rarely see their money back, and as in the case of GM the only winners are the unions and those who loaned the money, meaning the Obama administration.

    What's needed are fewer taxes and more incentive for investments. More money on hand means corporations will not be such tightwads about hiring. Many corporates and businesses are pared to the bare bones for staff, which is not sustainable in the long run. But they don't want to hire when the economy is in the tank either and there is no hope on the horizon. The party that champions hope is not providing it. All they are providing is propping up a chosen few unions (political) and not the real economy and thus almost none of the middle class they suddenly claim they are friends of.
     
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