Corporation That Paid Nothing In Taxes For Four Years Tells Congress It Pays Too Much

[palmetto defender]

Income inequality.
You tend to make more money and acquire more things if YOU ACTUALLY WORK.
Using drugs all day, being lazy and unemployed or being arrested tend to reduce one's earning power.
Failing to get a decent education also contributes to economic failure.
Anybody can be rich. Just work.

And for all the uninformed who knock companies and their earnings: as I have suggested before, research before you make a foool of yourself with regurgitated liberal propaganda. A simple site is the yahoo financial section. There you can find ACTUAL (real) financial data on any public company.

[intelligentjetsfan]

Originally Posted by palmetto defender

Income inequality.
You tend to make more money and acquire more things if YOU ACTUALLY WORK.
Using drugs all day, being lazy and unemployed or being arrested tend to reduce one's earning power.
Failing to get a decent education also contributes to economic failure.
Anybody can be rich. Just work.

And for all the uninformed who knock companies and their earnings: as I have suggested before, research before you make a foool of yourself with regurgitated liberal propaganda. A simple site is the yahoo financial section. There you can find ACTUAL (real) financial data on any public company.

[Frequent Flyer]

Originally Posted by palmetto defender

Anybody can be rich. Just work.

.

Or sell bootlegged liquor like the Kennedy's did.

[palmetto defender]

Originally Posted by intelligentjetsfan

What would you know about hard work. You're a teacher. LOL.
Here's the bottom line everybody. You have to wok hard from early on - in the classroom, in the community, at your job. And instead of buying an expensive car - say a BMW at age 25m buy a Honda Civic. Note I didn't say an American car. Junk.
Most of my friends are well off. They all worked hard. Some that I grew up with and were lazy - not so well off.

[palmetto defender]

Originally Posted by Frequent Flyer

Or sell bootlegged liquor like the Kennedy's did.

True, but even THAT took a little work and effort. And the smarts to figure out how.

[intelligentjetsfan]

Originally Posted by palmetto defender

What would you know about hard work. You're a teacher. LOL.
Here's the bottom line everybody. You have to wok hard from early on - in the classroom, in the community, at your job. And instead of buying an expensive car - say a BMW at age 25m buy a Honda Civic. Note I didn't say an American car. Junk.
Most of my friends are well off. They all worked hard. Some that I grew up with and were lazy - not so well off.

Ignoring your infantile attempt to prod me with the teacher comment, here is my bottom line;

many of my friends and family work hard. They worked hard growing up and they worked hard when they got married and had children.

But now they are getting banged by a system that continues to exploit the middle class. The data is there, the disparity over the past thirty plus years between the wealthiest top percent and the rest is real; its not imagined. By evidence of lost jobs and wages, very little has tricked down. Yet the wealthiest top percent has seen incredible increases in their wealth. And now the answer is to give even more tax breaks as an incentive (because the incredible profits gained over the past decade is not enough of an incentive to reinvest and create). I guess the tricking down will begin when they make their next 10 million

[palmetto defender]

Originally Posted by intelligentjetsfan

Ignoring your infantile attempt to prod me with the teacher comment, here is my bottom line;

many of my friends and family work hard. They worked hard growing up and they worked hard when they got married and had children.

But now they are getting banged by a system that continues to exploit the middle class. The data is there, the disparity over the past thirty plus years between the wealthiest top percent and the rest is real; its not imagined. By evidence of lost jobs and wages, very little has tricked down. Yet the wealthiest top percent has seen incredible increases in their wealth. And now the answer is to give even more tax breaks as an incentive (because the incredible profits gained over the past decade is not enough of an incentive to reinvest and create). I guess the tricking down will begin when they make their next 10 million

Of course I zinged you. Teachers are easy. LOL.
Work hard = succeed.
I grew up poor. Others on this site I gather as well.
I have had enormous increases in my wealth due to MY work (unlike what our moron president says).
Relative to profits. Do you actually know anything or is your scope of knowledge really that limited. I am pretty sure YOU will always be a have not.
These amazingly high profits you mention. Please clue me in as to what companies these are so I can invest and increase my wealth more. I am pretty much on top of the market thanks to regular input from my financial advisors. You're in the liberal commie never never land. Profits stink. Even among the best companies.
Companies ARE holding on to cash. Because there is uncertainty due to the socialist concepts being pushed by the pres. I wouldn't hire either. I would discontinue 401Ks also and other benefits.
Coca Cola IS investing $3 bill. In India. Why? Better return. Smart.
Burger King is opening 1000 new restaurants. In China.
YUM brands is doing great. Because of sales in China.
J&J is producing in Brazil. Gillette (P&G) in Germany and Poland.
Boeing parts in many differnt countries.
This trend will continue until unions decide to make major concessions.

[intelligentjetsfan]

Originally Posted by palmetto defender

Of course I zinged you. Teachers are easy. LOL.
Work hard = succeed.
I grew up poor. Others on this site I gather as well.
I have had enormous increases in my wealth due to MY work (unlike what our moron president says).
Relative to profits. Do you actually know anything or is your scope of knowledge really that limited. I am pretty sure YOU will always be a have not.
These amazingly high profits you mention. Please clue me in as to what companies these are so I can invest and increase my wealth more. I am pretty much on top of the market thanks to regular input from my financial advisors. You're in the liberal commie never never land. Profits stink. Even among the best companies.
Companies ARE holding on to cash. Because there is uncertainty due to the socialist concepts being pushed by the pres. I wouldn't hire either. I would discontinue 401Ks also and other benefits.
Coca Cola IS investing $3 bill. In India. Why? Better return. Smart.
Burger King is opening 1000 new restaurants. In China.
YUM brands is doing great. Because of sales in China.
J&J is producing in Brazil. Gillette (P&G) in Germany and Poland.
Boeing parts in many differnt countries.
This trend will continue until unions decide to make major concessions.

What unions???!! Unions now make up less then 6% of the total private work force. Companies are moving overseas to avoid paying decent American wages and benefits for their workers. From the point of view of making profit, of course its a smart move. But don't shovel the retread talking points that in 2012 the unions are the main reason why companies move away. When 94% of private sector jobs are not unionized the argument looks silly. These companies saw an opportunity to make even greater profit by setting up shops in countries that provide what amounts to slave labor (see China).

And you are in fascism land if you believe that every economic chart is wrong that shows how, as a whole, the wealthiest top percentage of Americans have greatly increased their wealth over the past decade or so. Despite your claims to the contrary, somebody is making a lot of money out there but yet nothing seems to be trickling down. And since a good deal of that profit took place during the 8 years when an (R) was in the White House, the confidence argument is another lie.

[PlumberKhan]

Wah!


Wah!



Wah!




We want to pay less than nothing in taxes


Wah!


Sent from my Double-Wide using Semaphore...

[OCCH]

Originally Posted by PlumberKhan

Wah!


Wah!



Wah!




We want to pay less than nothing in taxes


Wah!


Sent from my Double-Wide using Semaphore...

Wow -- I think that's the first comment you've ever made against the OWS crowd -- looks like you're coming around

[Frequent Flyer]

Originally Posted by intelligentjetsfan

Ignoring your infantile attempt to prod me with the teacher comment, here is my bottom line;

many of my friends and family work hard. They worked hard growing up and they worked hard when they got married and had children.

But now they are getting banged by a system that continues to exploit the middle class. The data is there, the disparity over the past thirty plus years between the wealthiest top percent and the rest is real; its not imagined. By evidence of lost jobs and wages, very little has tricked down. Yet the wealthiest top percent has seen incredible increases in their wealth. And now the answer is to give even more tax breaks as an incentive (because the incredible profits gained over the past decade is not enough of an incentive to reinvest and create). I guess the tricking down will begin when they make their next 10 million

Joe Kennedy used to bring his whore's home with him and force his wife to serve them dinner. he also drilled a hole in his daughter Rosemary's head.

That's some value system Robert Kennedy must have learned growing up.

[intelligentjetsfan]

Originally Posted by Frequent Flyer

Joe Kennedy used to bring his whore's home with him and force his wife to serve them dinner. he also drilled a hole in his daughter Rosemary's head.

That's some value system Robert Kennedy must have learned growing up.

And what does that have to do with our discussion or the thread topic? I mean, other then to regurgitate talking points fed to you by Roger Ailes.

[Winstonbiggs]

=intelligentjetsfan;4520115]I do not want redistribution; I do want wealthy corporations to pay their fair share of taxes and not game the system.

And what is a fair share? What is a wealthy corporation? Profits are reinvesting it plant and equitment or paid out to shareholders like teachers pension plans. You're use of the word wealthy is telling. There is no such thing as a wealthy corporation, corporations have profits and losses, assetts and liabilities. Great companies that you think are wealthy fold their tent all the time. Pan Am, TWA, American Motors.... the list is endless.

I agree that there needs to be intelligent changes made to the tax system that does not punish the wealthy for their success because capitalism can work. But it only works in a mixed economy where there are smart regulations to avoid disgraces like Enron, as an example.

What is a "smart" regulation? How exactly do you expect a political system to create "smart" regulation?

The problem is that unfettered, unchecked greed has taken over and been excused as merely capitalism. And now the flock wants to deny the existence of greed as an idea. But how much is enough? 23% profit is not enough if you can make 38% profit by laying off 500 people or by relocating so that you don't have to offer decent wages or benefits.

How do you expect a corporation to maintain and grow their profits by employee hundreds of employing that aren't needed?

Capitalism is wonderful; It should be a perk for the successful people to enjoy the finer aspects of life; expensive cars, houses, clothes etc etc. These items help to inspire some to work harder and achieve.

Capitalism isn't wonderful it's simply a structure that allows for more people to actively put their intelligence and industry to work to create more economic activity then you could get from a closed system.

You constantly complain about the money that pours into government from corporations yet you continue to argue for higher taxes and more regulation on these same companies. Dodd Frank is a classic example. Get rid of" to big to fail" by instutionalizing it through the government.

But basic life necessities should not be a perk only for the successful or the children born into success. And I believe decent health care is absolutely a life necessity, as an example.

Decent health care like food, shelter, cars, roads, and all the other things in life are a product of people's work and the bounty they produce. Society is going to provide less health care, food and housing if the economy shrinks and more if it expands. You simply can't wish a thing to happen by stealing other peoples property and expecting that not to have consequences to the wealth of the entire nation. The same pensions that are invested in corporations are being pillard by high corporate taxes that impact earnings and their value.

Bad lending policy, regulation, tax policy, housing policy, welfare policy all lead to economic drag and reduces the over all wealth. Taxing rich corporations more simply will move them. I'm getting ready to move out of the Northeast because of bad tax policy coupled with poor services.

How does insuring people provide good health care if doctors won't take the low payments from the insured?