What unemployment? Wall Street pay expected to climb to $144 billion

Originally posted by neo96
reply to post by DimensionalDetective

 

well if you people know anything about wall street its this..........................

the majority is multinational corpoations and they are multinational corporations for a reason to their spread their risk out..........................

now if the majority of americans spread their risk out they would be riding high to......................

i am getting tired of all the hate for the rich and corporations its getting endlessly tiring..................

simple fact those people are doing everything right and you are doing everything wrong...................

the majority of people will just sit back whine and moan and complain about their lives and what do those people do they go out and they do everything in their powers to get to where they want to be...............

you people expect the government rob peter and pay paul and make someone else suffer for your own short commings...........................in a word pathetic

simple fact someone rich can give every single one of you a million bucks and within a few days the week at the most you will be right back to where you are............................theres alot more to than just having money people its the knowledge and will and the desire to stay that way..agian qualities that the majority of americans clearly lack.................... peace

edit on 12-10-2010 by neo96 because: (no reason given)

No what people are asking for is Fair taxes.

The middle class pays 27% of their income to taxes, The super rich only pay 15% because most of their money counts as long term capital gains. Due to this their true tax rate is only around 24%.

Nobody is asking the government to hand out money. In countries like China the top tax bracket pays 45%, Japan the top tax bracket pays 40%, In France, Denmark and sweden they pay 62%

We are asking the government to spend this money on education, scientific research, public transportation not to write everybody else a check.

blogs.forbes.com...

As I point out in a story in the new Forbes 400 issue, thanks to the 15% tax rate on long term capital gains, the 400 highest earners pay a lower effective federal income tax rate than ordinary rich folks. In 2007 (the last year the IRS has published data for) the 400 derived two thirds of their average adjusted gross income of $345 million from capital gains and paid an average effective rate of just 16.6%. Taxpayers earning $1 million to $5 million, who get more of their income from salary and other “ordinary” income taxed at a top 35% rate, paid an effective tax rate of 24%.

reply to post by Returners


ive heard this song before and lets run with for it a moment shall we:

$1,000,000,000 *15% =$ 150,000,000

reply to post by neo96


This is nothing to how much money they make. They make more money therefore they should pay more of it as a percentage. This is the standard in EVERY COUNTRY.

Do you honestly expect that a homeless man should pay as much taxes as a doctor or be thrown in jail for tax evasion?

reply to post by Returners


actually is has everything to do with how much they make simple fact those who earn more will always pay more than someone earning less............

as to the homeless man since he has no job or income how can he pay taxes

but when it comes to welfare and entitlements they have incomes but are they paying their fair share :answer is no they arent.

this is why i used the rob peter to pay paul comment comprehend its meaning...............

robbing someone else of money to give to someone else whos income is never taxed in the first place

hence the unfairness of that part of the equation and the unfairness to make someone pay multimillions as a penalty for success.

Isn't it a good sign that Wall Street is doing good? We want them to do well, that would mean their profits are going up and investor confidence is soaring. A lot of businesses had to scale back their business models to achieve a profit or break even during the recession. Thus, a lot of people got fired and most investors big and small pulled their money out of market and hoarded it to be safe. Now that Wall Street profits and pay are steadily increasing, so will corporations and the individual investor's investments as everyone is now confident enough to invest their money with the backing of a strong economy to make some more money. More industries will receive more investment funds, corporations will start to hire more people, and our whole economy will be grinding back up the rollercoaster.

reply to post by tooo many pills

Um. No. It is not good that Wall Street fat cats are doing good.
This represents nothing but criminals making money off of manipulating stock prices. Destroying public companies in the process.
Nothing good about it. They have a nice nest egg for the coming bloodbath. They know it's coming, and they are preparing.
Wall Street has NOTHING to do with main street. Nothing.
In fact, insiders on Wall Street are selling as opposed to buying at a ratio of over a thousand to one.

reply to post by Stewie


They aren't all criminal organizations (most but not all), nor are most of them big enough to manipulate stock prices (only a handful).

As an investor, I'd rather see Wall Street's top stocks and pay rise as they report their huge profits than see them report losses over and over, which would tank their stock and the whole nation's psyche. If they are doing fine then individual investments can do fine too, the market has been very delicate the last few years. Stock market futures look better when the top Wall Street traders are up, otherwise everyone else worries why the top dawgs are hoarding and/or aren't investing well, so they pull their money out and do not invest until they feel confident in the risks for profit. Investor confidence is the key.

Yeah, I don't think their pay should increase so drastically, but the employees that make up the companies on Wall Street are being rewarded for the hard work it took them to keep the huge profits flowing in at a time of investor uncertainty. Sure, Goldman Sachs and others I am sure made a lot of eye-brow rising investments that should have been better investigated to bring charges. (See Goldman Sachs sold $250 million of BP stock before spill) www.abovetopsecret.com...
But not every investment is illegal and not every investment firm is criminal.