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Originally posted by kellynap43
reply to post by no time
Good article showing that people in poverty today, have it much better than the rich people of 100 years ago.
When you have cable tv , dvd, xbox, ac, all apliances, etc within in your home, aptc, condo, etc, I dont think your doing too bad. )
Originally posted by crimvelvet
reply to post by Jezus
So we can allow them to play the "get rich" game as long we tax corporate profits enough to prevent the destruction of the environment and the enslavement of the masses....
Taxing BIG corporations is IMPOSSIBLE.
I really really wish people would get that fact though their heads. If the Feds were to place an addition tax on a business, the big corporations would just raise their prices. Therefore it is a tax on ALL consumers especially those on fixed incomes.
...If you want things to change, begin organizing meetings and gatherings where people are taught and awakened to what's really happening. Start grabbing people by their shirts and shaking them awake. Explain it to them in laymans terms so it doesn't go over their heads. Let them know that 99% of the populace are in the permanent bent over position....
The TOP 400 EARNERS in our country have seen their wealth almost quadruple...
* Sound recording industries - 97%
* Commodity contracts dealing and brokerage - 79%
* Motion picture and sound recording industries - 75%
* Metal ore mining - 65%
* Wineries and distilleries - 64%
* Database, directory, Book and other publishers - 63%
* Cement, concrete, lime, and gypsum product - 62%
* Engine, turbine and power transmission equipment - 57%
* Rubber product - 53%
* Nonmetallic mineral product manufacturing - 53%
* Plastics and rubber products manufacturing - 52%
* Other insurance related activities - 51%
* Boiler, tank, and shipping container - 50%
* Glass and glass product - 48%
* Coal mining – 48%
The lie that “We can’t tax the Cooperation’s because they will just pass the tax to the consumer and by doing so it is just more tax on the little guy“.
What a load of brainwashing this is. I have heard this statement repeated over and over by the talking heads on the MSM to the point that everyday Americans now think that this is true.
Just more brainwashing.
Cooperation’s must sell their product to a willing buyer. If the price is too high no one will be willing to buy, so prices must remain within a certain window for sales to be made. Taxes have no effect on this window in which sales are made, taxes only effect the profit of the cooperation, same as taxes remove the profit from your families budget. So instead of the profits of the cooperation going to pay bonus and perks they can go to pay the Federal Reserve, just like the money you pay out in taxes.
Research on Small Businesses
...80% of new businesses fail within their first year....
...Of these failed business, only 10% of them close involuntarily due to bankruptcy and the remaining 90% close because the business was not successful, did not provide the level of income desired or was too much work for their efforts....
...Of mergers and acquisitions each costing $1 million or more, there were just 10 in 1970; in 1980, there were 94; in 1986, there were 346. A third of such deals in the 1980's were hostile. The 1980's also saw a wave of giant leveraged buyouts. Mergers, acquisitions and L.B.O.'s, which had accounted for less than 5 percent of the profits of Wall Street brokerage houses in 1978, ballooned into an estimated 50 percent of profits by 1988...
THROUGH ALL THIS, THE HISTORIC RELATIONSHIP between product and paper has been turned upside down. Investment bankers no longer think of themselves as working for the corporations with which they do business. These days, corporations seem to exist for the investment bankers....
In fact, investment banks are replacing the publicly held industrial corporations as the largest and most powerful economic institutions in America....
THERE ARE SIGNS THAT A VICIOUS spiral has begun, as each corporate player seeks to improve its standard of living at the expense of another's.
Corporate raiders transfer to themselves, and other shareholders, part of the income of employees by forcing the latter to agree to lower wages.January 29, 1989 New York Times
‘Whitewashed Windows and Vacant Stores’
As I drive around my town, I can’t get the lyrics or somber melody out of my head. It is like witnessing old friends drop dead one by one.
Last week I went into town to buy some guitar strings. Band Central Station, a friend of 30 years, was gone. In its place? Nothing. A halfhearted “for lease” sign hangs in the front window.
It was more than just a place to buy sheet music or a Bach LT36 Stradivarius Trombone, it was a musical hub where professional musicians, teachers, and students all came together, found each other, and furthered our local musical heritage. The Internet can’t replace that.
Peto’s Feed and Grain was way more than the name implied, also offering a large number of hard-to-find things for the home gardener. Put out of business by a misguided redevelopment plan that saw more potential revenue from a soulless, big box tilt-up. For a while, there was a Linens ‘n Things inside, now its empty hulk sits dark and foreboding with no future in sight.
And, it isn’t just small enterprises. We lost a Circuit City, a Chevrolet dealership, tried-and-true franchises like Dairy Queen and Arby’s. Last week Sam’s Club announced it will close its local big box bulk store. Then came news that Wal-Mart, the parent company, intends to lay off 10,000 Sam’s Club Employees. Even the ubiquitous 99 cent stores have been cut in half.
The story is the same in surrounding towns. Nor has the regional mall been spared. Until this past Christmas Eve, I hadn’t been to the mall in about two years. Wow! It looked more like a Gypsy Bazaar than a suburban mall....
So, the businesses that provided jobs are gone, the office and retail space sits vacant, likely in default. The windows get broken, the walls get tagged, the weeds grow, trash blows, and, with no one to stop it, nature begins the process of permanent destruction. The value of those businesses and real estate is now gone.
Each of these failed enterprises is a sad testament to the times we live in, but taken in their entirety, they foretell an even grimmer future. It will be a longtime before the jobs return....
....I did take the time to read every word of your response and I am unable to glean out how you can draw a correlation between Small business failure, Cooperate Raiding, or Urban blight to the discussion that is taking place about Cooperate Taxation. None of the articles you referenced made any statement that would support a discussion of Cooperate Taxation. In the future please try to use supporting documents that actually support the point of the discussion....
...The company [G.E. cv] reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.
Its American tax bill? None.
In fact, G.E. claimed a tax benefit of $3.2 billion....
Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore....www.nytimes.com...