"This Is Why There Are No Jobs In America", by Porter Stansberry

Originally posted by buddhasystem

Originally posted by Cassius666
Are you looking forward to an America where a collegeducation that provided you with a luxury lifestyle now provides you with the lifestlye of a present day minimum wage worker and the minimum wage worker earns less working 12 hours a day with no weekend than the present day footstamp collector? Because thats what life is like in the countries where corporations run unchecked or assisted by the goverment in their drive for low prices, you work 12 hours per day and can afford less food than an American on foodstamps.

Well said.

The OP is quite myopic in that indeed, as you say when corporations run unchecked, life will be hell for most people like overnight. Greed has no bounds or respect for humanity.

Not true. Greed gets ran out of business in a truly Capitalist system.

The guy across the street charges less money for the same thing you are selling.

Originally posted by buddhasystem
To the OP:

a typical right-wing whine.

When you look at Germany, they are 10 times more "socialist" than us, yet they make remarkable products and enjoy a good quality of life, and have better education. So yes, that sarcasm from Mr. Stansbery may work for people who live under a rock, but it has nothing to do with reality.

A typical liberal-wing whine is that we need more socialism or gov't control. I won't argue with you about the pros or cons of socialism because that is pointless. You shouldn't even be talking about Socialism or Capitalism until you get rid of the corruption and external monetary influences lobbyist have on our politicians and our system. Otherwise you are going to end up with Corpialism which is what we got today. The last thing you would wan't to give a corrupted or broken gov't is more control!!

Seriously, folks you need to solely concentrate on one thing and that is fixing our system to ensure that we don't create laws on the behalf of the highest bidders.

Democrats and Republicans need to put down party ideals temporary and come together to demand that the only issues we need to be addressing right now is to close the loop holes in the system that allow for monetary influence$ instead of doing what is best for its tax payers. You continue to argue about Republicans are better or vice versa than they will continue to laugh at you on the way to the bank.

reply to post by Cassius666

Whining about wages taxes cost etc. is like lamenting the fact that your engine needs fuel to run.

That analogy would make sense if I didn't remember there were no taxes prior to 1913. Here's your analogy with that tidbit of information included:

Whining about wages, taxes costs etc. is like lamenting the fact that your engine needs fuel to run when at first when you bought the engine it ran just fine without fuel at all, it's only been the last 100 years the engine needed this "miracle" fuel to run. And now the fuel, which I need to drive to work, to make money, to continue being able to drive to work, is eating up 70% of my net income!!!"

Now it's a great analogy.

reply to post by interupt42


Some people didn't notice that it's not a right-left thing did they? Both sides make laws in Congress.

Originally posted by NOTurTypical
reply to post by interupt42

 

Great post, I didn't mean to imply the only problem was taxation at 70%. But that's the pink elephant in the room. Speaking of, if "Big Oil" returns around a 9.1% profit margin, who is making the rest of that money on a dollar spent at the pump?

9.1 cents per 1 dollar spent = "Big Oil"

Where does the rest of the 90.9 cents go?? I wonder if Washington gets more than 9.1% in taxes?

Thanks and I'm glad you brought the issue to the forefront. I believe just today I heard on the radio that 18-20% is taxes , but that actually even seems low to me. I wonder how many in Washington have large amount of investments in "BIg Oil" so they would get a piece of the 9.1 cents as well and not to mention having insider information for knowing when to buy and sell.

Originally posted by NOTurTypical
reply to post by interupt42

 

Some people didn't notice that it's not a right-left thing did they? Both sides make laws in Congress.

and both sides have been in full control of congress and the presidency yet we still continue to argue about the same ol issue.

Its these political party cheerleaders that keeps the middle class fighting among themselves while the lobbyist and top gov't officials keep laughing to the bank.

Originally posted by NOTurTypical
reply to post by Cassius666

 

Whining about wages taxes cost etc. is like lamenting the fact that your engine needs fuel to run.

That analogy would make sense if I didn't remember there were no taxes prior to 1913. Here's your analogy with that tidbit of information included:

Whining about wages, taxes costs etc. is like lamenting the fact that your engine needs fuel to run when at first when you bought the engine it ran just fine without fuel at all, it's only been the last 100 years the engine needed this "miracle" fuel to run. And now the fuel, which I need to drive to work, to make money, to continue being able to drive to work, is eating up 70% of my net income!!!"

Now it's a great analogy.

edit on 22-2-2012 by NOTurTypical because: (no reason given)

America did not have any INCOME tax before 1913. Prior to 1913 ONLY profits entrepreneurs made were taxed. Wages were tax free. All the tax evasion large companies and welathy individuals do is made possible, because it was possible to shift the tax burden on those who are able to pay it and survive, but not quite powerfull enough to evade it, or rich enough to open a bank account in Switzerland and the like. An income tax is needed so the nation does not go broke when companies offshore their profits and to pay for the debt to the federal reserve, yes. Except it does go broke anyhow as compnies begin to offshore the meager wages they pay incountry.

Do you know what else America did not have? A trillion dollar military. Or military bases in over hundred countries. If you got cancer in 1913 it was gods punishment. So you want companies to have it good, not pay taxes, they have it good and do not pay taxes, many of them. Those who get milked are those who do not make enough to be able to offshore their earnings.


You want to reduce the gas consumption on your engine? Sure you can do so. You can optimize your engine and get something that is more like a german engine produces 400 BHP and does 50 Miles to the gallon. But if you set it to zero the car wont move an inch. If you are willing to put only so much into it, then it will get you only that far, even after all that state of the art optimiziation and streamlining.

You can starve the consumer only so much before it starts seriously hurting the profits of the companies you seek to protect from taxation and high wages. And lastly the fuel in my analogy is primarily wages. Think of the taxes as Horespower. You can reduce consumption, get an engine with less horespower or drive it on lower revs, but then you have to take some power cuts. I would be curious to see how long oil must be traded in dollars if America disassembles its shiny military. My bet is you can expect to have to buy Dinar or whatever they use as currency in Iraq, Iran, Dubai.

Originally posted by NOTurTypical
This is how Uncle Sam partners with our companies from east to west coast, north to south. This is NOT Capitalism. You guys out there that hate Capitalism will hate this satire, but it's actually funny satire because it's true. The US is not Capitalist, and hasn't been for quite some time. That's my opinion of the satire letter, what's yours?

Uncle Sam only has your best interest in mind when he comes to your house with guns and confiscates half your pay while at the same time he inflate the money supply so that the money you currently have becomes worth half its value over a decade.

You see, people are simply too dumb to know how to spend their own money. Without Uncle Sam, people might buy things like toasters or private high quality education instead of nuclear bombs or public education. Clearly nukes and public schools are superior products that all people should invest in.

Originally posted by josephamccoy
we clearly need a new system, this one is flawed. it's not broken it just never worked from the beginning. people just need to realise that the world will still turn without people exchanging numbers on computer screens or little pieces of green paper, unfortunately that is what pre-occupies most of us all across the world in more ways than one. i like how he refers to the government as a business because thats all they are. i'm not american but i always believed that the government was of, by and for the people. the US government i see today seems to be of, by, and for the corporation but that's just my opinion. what isn't my opinion is that if the US government hadn't bailed out the banks and given the money to the american people each citizen would have recieved over $100,000 each.

The system works however political hacks have been purchased and the original rules and laws regarding corporations/ big business which kept them in check have been erased.

Crony capitalisn between the East Idia Trading Co and the Crown is what lead to the revolt in the American colony. Today we have come full circle where the corporation has co-oped the government.

Originally posted by fnpmitchreturns
The system works...

And in the next breath:

the corporation has co-oped the government.

What exactly about this system is working?

Does the government really take 50% of a company's profits?
No they don't.

Regulations are a good thing. Do you want lead, arsenic, or even more poisonous chemicals in your food?

Very insightful thread I will be following this one for a few days at least. I enjoy reading about WHY the system fails as I already know that it definitly is one big giant fail.

Originally posted by Ghost375
Regulations are a good thing. Do you want lead, arsenic, or even more poisonous chemicals in your food?

What dream world are you living in? Do you have any idea what's in our ""regulated"" food? And don't even get me started on prescription drugs (one of the most heavily regulated industries in the country).

'Regulations' are a joke. They're a tool for corporations to monopolize markets so they don't have to worry about competing. Why do you think corporations spend billions lobbying government in the first place?

Regarding the OPs post, Stansberry is a known scam artist and gives a bad name to people actually trying to get the truth out. That's not to say that I disagree with him, but I wouldn't go around quoting him...

Originally posted by Ghost375
Does the government really take 50% of a company's profits?
No they don't.

Regulations are a good thing. Do you want lead, arsenic, or even more poisonous chemicals in your food?

Regulations are not only worthless but possibly more dangerous if those who create the regulations and enforce them are corrupted.

We have plenty of regulations in place and yet it didn't appear to stop multinational corporations (lobbyist) from outsourcing top assembly lines to Chinese companies that were putting lead in their toys, arsenic in animal products,etc...

Here is an example where regulations that should have been created was not due to special industry groups.

FDA Issues Draft Documents on the Safety of Animal Clones

On December 28 2006, the United States Food & Drug Administration (FDA) gave preliminary approval for meat and dairy products from cloned animals to be sold as food for human use with the exception of sheep, due to limited data on sheep cloning. They also stated that labeling of cloned food would not be required.
www.wholefoodsmarket.com...

reply to post by Morgenstern89


And that is what they want, that is exactly how the system is designed so that you don't question the "system" but the parties in the system, It protects the overall goals and plans of the "system" to have people fighting over political theater and not the script writers behind the curtains.

That's what you get when a pastor tries to talk about economics

There's so much wrong in that article, I wouldn't even know where to start...he pulled that 50% figure out of his ass for example.

Originally posted by NOTurTypical
The US is not Capitalist, and hasn't been for quite some time.

I was beginning to think I was the only one left who believed that.

Originally posted by MrXYZ
That's what you get when a pastor tries to talk about economics

There's so much wrong in that article, I wouldn't even know where to start...he pulled that 50% figure out of his ass for example.

Not really.

www.smartmoney.com...

Using a marginal rate calculator, a person earning 60K a year with no deductions gets 30% stolen from them by the Feds.

If you live in CA, throw in another 8% sales tax on every item you purchase coupled with roughly another 6% state income tax and you're getting awfully close to 50%.

Of course, if you smoke, drive a car or drink at all, your total marginal tax rate will be much higher than 50%

I didn't even get into property taxes.

reply to post by AnarchoCapitalist


He was talking about businesses

And which idiot doesn't take advantage of deductions??? For crying out loud, those paying the highest % of income on taxes (the top 1%) effectively paid c.23% in taxes after deductions...and it's even less if you don't belong to the top 1%.

Corporate tax rate is currently at 35%, but you might wanna look up how much some larger companies actually pay...they don't pay anywhere near 35%. Take the largest companies listed in the Fortune 500 for example, on average, they pay HALF of that!!!

In short, that pastor (and apparently you) either don't know about deductions, or simply don't understand how taxes work.

PS: I strongly suggest you get yourself a "tax guy" next time you fill out your taxes...because you obviously don't know what you're doing if you pay 50% as that pastor claims

Originally posted by MrXYZ
reply to post by AnarchoCapitalist

 

He was talking about businesses

And which idiot doesn't take advantage of deductions??? For crying out loud, those paying the highest % of income on taxes (the top 1%) effectively paid c.23% in taxes after deductions...and it's even less if you don't belong to the top 1%.

Corporate tax rate is currently at 35%, but you might wanna look up the annual reports of some larger companies...they don't pay anywhere near that. Take the largest companies listed in the Fortune 500 for example, on average, they pay HALF of that!!!

In short, that pastor (and apparently you) either don't know about deductions, or simply don't understand how taxes work.

PS: I strongly suggest you get yourself a "tax guy" next time you fill out your taxes...because you obviously don't know what you're doing if you pay 50% as that pastor claims

edit on 22-2-2012 by MrXYZ because: (no reason given)

I don't have kids, I don't own property, and I don't have business expenses. Ergo, I don't "take advantage" of deductions because there are no deductions. Itemizing my deductions provides a lower return than taking the standard deduction in my case.

And while the top 1% pays low rates, they still pay the largest share of the total taxes collected.

Single, white, male, no property, no kids, on a salary = butt rape

Further, you can't deduct the 300 I just paid in car registration fees, the special taxes on phone/cable, the gas taxes, the cigarette taxes, the liquor taxes, the sales taxes, the emissions test fees, special travel taxes, etc.. etc.. etc..

And lets not forget the high energy costs because electric utilities are monopolized by the State, so there is no choice in electrical providers to create competition.

Of course, paying for a CPA to do your taxes is also a tax in itself because if there were no taxes or if the tax code wasn't the size of an encyclopedia, you wouldn't have to pay a CPA to do them in the first place.

The marginal rate calculator makes it pretty clear that the real effective tax rates are much higher than you are led to believe.