18 CEOs Called Out By Bernie Sanders

originally posted by: xuenchen

originally posted by: Reallyfolks

originally posted by: xuenchen
a reply to: Aazadan

And that would bankrupt the country before phase 1 even ends.

18 trillion debt and 127 unfunded liabilities. Some would say we are already bankrupt. Just waiting for someone to shout BOHIC right before we feel.it.

The Bank for International Settlements and the Basel Committee will decide when the time is right.

Take your bow and credit. That was funny.

a reply to: Reallyfolks

Well, that would mean the wall street crowd would cut their own feet off....current admin have plenty of GS people working for them... I guess it would amount to a full crash... but they are still using Keynesianism to stave off the crash...will they let it happen, will it happen no matter what they do?

a reply to: Reflection

Get a meaningful degree? Learn a trade? Somehow differentiate themselves from the crowd to advance the ladder? You know, stuff successful people have been successfully applying for centuries now?

Here's where the disconnect between us stems from: you seem to believe all gainful employment should be artificially controlled to ensure they all generate your definition of a living wage... Personally, I don't think the world owes anyone a Goddamn thing. If someone wants it, they can be the one working their ass off for it just like those of us who make just a bit too much to qualify for jack squat have to do to afford subsidizing everybody beneath us while also living some shadow of the life we want and have worked so hard for.

If someone isn't doing everything in their power to scratch and claw themselves to higher ground, why should the law or the tax payers do it for them?

a reply to: burdman30ott6

Hell, if people would just apply themselves at work a little, they'd likely be noticed and promoted.

I can say with 100% certainty that you don't end up working entry level at the age of 35 because of your astounding employment history.

a reply to: bigfatfurrytexan

I can say with 100% certainty that you don't end up working entry level at the age of 35 because of your astounding employment history.

You might, actually, if your job was shipped overseas and the only thing you can find is an entry-level job at Babies 'R' Us. Or Taco Bell. Even if you have an advanced degree, entry level is where you start. And that's IF YOU GET a call back at all after sending your resume. I can 100% attest to that fact. And if you're over 50??? Ha! Good luck getting that call-back.

Just saying.

a reply to: BuzzyWigs

We can either sit here inventing excuses for failure or we can demand excellence and reward it appropriately.

originally posted by: BuzzyWigs
a reply to: bigfatfurrytexan

I can say with 100% certainty that you don't end up working entry level at the age of 35 because of your astounding employment history.

You might, actually, if your job was shipped overseas and the only thing you can find is an entry-level job at Babies 'R' Us. Or Taco Bell. Even if you have an advanced degree, entry level is where you start. And that's IF YOU GET a call back at all after sending your resume. I can 100% attest to that fact. And if you're over 50??? Ha! Good luck getting that call-back.

Just saying.

well..it just so happens....

I ran a 400+ seat call center for TMobile. When the oil boom hit, our workforce went with it. We were able to maintain 330 heads, but it was a lot of work on the recruiting end, and we started playing coy with performance standards so as to not shrink headcount.

All that work...10 years of my labor working from a CSR up to site director...when i took the site over it had just grossed 25k the prior year. My first year we grossed 12mil. By far the most profitable call center in our company. But when TMobile shipped our call volume to Philippines (English) and Panama (Spanish), we were left with no calls to take. My job was outsourced overseas.

I couldn't move from this small town, due to my mothers health (i won't leave her like that). So i stuck it out. Took a job working for one of my former employees as a CSR for a payday loan store. Made $10/hr for that time, but i needed a paycheck. This is a very remote area, small town, not a lot of opportunity. No other call center for a hundred miles or more...and like i said: i couldnn't move.

Eventually i applied to run a hotel. I don't have a degree, so it all came down to my ability to interview combined with my proven history. Spent 2 years running a Holiday Inn Express before landing this job. A dream job if ever there was one (an executive in a finance position)

My point: you don't have to have a huge investment in education. You can't use excuses like offshoring as a crutch. You can't use a lack of opportunities as an excuse....make your own opportunities. And if you work your ass off to be better than your peers, you will get noticed, get promoted, and get valuable experience that you can always leverage for the next gig.

I have never accepted excuses from myself....i certainly wouldn't accept them from someone else.

a reply to: bigfatfurrytexan

I have an advanced degree, and applied at a hotel...I was hired then and there....at an entry level wage.

ANyway, I don't care to argue with you.
I'm very glad for you that it all worked out. For me, it didn't.

Different credentials, different industry, different experience than yours.

a reply to: Aazadan

Here's the problem with a Wall Street tax and why so much of them are against it.

Acutally the problem is this. Every time people like Sanders goes after the 'rich'. They are talking money from millions of middle class Americans.

Which is savings,money markets, IRA's, and 401k's. Then took more money from the middle class via the MEDICARE surtax on capitol gains.

Did it again with the DEATH TAX.

The middle class ALWAYS gets caught in the cross fire going after the 'rich'.

I can't wait for a Sanders presidency! We need a limp wristed leader in the white house! I love all his communi....errr I mean socialist ideals! Bern America, feel the Bern!

originally posted by: ThirdEyeofHorus
a reply to: Reallyfolks

Well, that would mean the wall street crowd would cut their own feet off....current admin have plenty of GS people working for them... I guess it would amount to a full crash... but they are still using Keynesianism to stave off the crash...will they let it happen, will it happen no matter what they do?

Don't know but I'm not sure there is enough wealth in the US to pay off 18 trillion debt and 127 trillion unfunded liabilities. In that case I guess prolong is what to hope for. Maybe everything is ok, but there is one truth that the bill always comes due. We are in no position to handle that bill so your guess is good as mine on the end result (details anyway)

I have thought that illegal immigration was about cheap labor and votes when citizenship happened. I'm starting to think the 127 trillion in unfunded liabilities we have coming due may also be a big part of it no one wants to talk about. New sources to help cover the unfunded liabilities and push out the bad times????Maybe I'm completely nuts though.

a reply to: BuzzyWigs

And if you're any good at it and keep looking for opportunities, you get promoted and/or earn raises. It's not like you stay entry level for long.

a reply to: neo96

I'm glad someone else said it because when I read that about the transaction tax, my first thought was, "So every time I shift some money in my retirement account, or my parents do, or anyone else who has a private investment retirement account, or even a managed fund ... we get taxed for that?!"

Can they keep finding ways to punish us for trying to do the right things to take care of ourselves?

a reply to: ketsuko

Yeah, cuz those fractions of a fraction of a percent that the TRADERS have to pay is going to mean no steak for you.

Senator Bernie Sanders of Vermont, who is seeking the Democratic nomination for president, has done just that, by proposing a financial transaction tax:

a small excise tax, typically a few hundredths of a percent, on trades of stocks, bonds, derivatives and other securities. An itty-bitty, one-basis-point transaction tax (a basis point is one-hundredth of a percentage point, or 0.01 percent) would raise $185 billion over 10 years, according to new estimates by the nonpartisan Tax Policy Center.

That would be enough to finance an ambitious expansion of prekindergarten programs for 3- and 4-year-olds and restore funding of college assistance for low-income students.

What’s more, a financial transaction tax could significantly reduce the amount of high-frequency trading. This trading, most of it automated, is used to make windfall profits through arbitrage (taking advantage of small differences in price) in milliseconds. It does nothing to help ordinary investors and can destabilize financial markets.

www.nytimes.com...

And don't lecture me on job retention, lady. I'm not your teenager, and you're certainly not my mentor.

a reply to: BuzzyWigs

see...now that is economic policy I can get behind. Traders are leeches, creating no value for the economy. I would much rather have a trade tax put in place at a higher level than see the guy who owns the local plumbing company have a tax increase. He makes decent money...but has to muck through God knows what to do it. He adds value to the economy.

a reply to: bigfatfurrytexan

Exactly!!

Thank you for reading the actual fact.
Unfortunately, most people won't, just because it's Bernie saying it.

originally posted by: neo96
Did it again with the DEATH TAX.

The middle class pays no estate taxes. It doesn't kick in until the estate is worth $11 million in most cases (two parents, 5.5 million each). Actually, it applies to the top 0.2% only, and if it's something you plan for you can even get around most of it by selling assets to family members over time while you're still alive.

a reply to: bigfatfurrytexan

And if you work your ass off to be better than your peers, you will get noticed, get promoted, and get valuable experience that you can always leverage for the next gig.

Great plan, and exactly what the 20-something yuppies do - even into their 30s. 80 hours a week, over and above, get all the hugs and kisses from the corporate overlords for toeing their line.

Then, for the women, their biological clock rings, and they need to have a kid. Then they put it in daycare so they can keep climbing that ladder instead of nurturing the next generation.

Disgusting, and exploitative/predatory behavior by corporate overseers who will work someone into the ground if they're willing, even insist they keep a pager on them at all times and never leave the perimeter of their place of work.

No, thank you. I outgrew that sort of boot-licking servitude long, long ago.

a reply to: Aazadan

They aren't listening Aaz. They never do.
These threads and points are brought forward all the time, but they don't want to hea---------LA LA LA LA LA!!

a reply to: BuzzyWigs


The biggest propaganda lie that the masses believed for a long time "If you work harder......". That is predatory baiting. Like leading a donkey around with a carrot he will never reach.
ETA: Personally, I am glad the younger generation is becoming aware of it.