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 Post subject: Protests in NYC
PostPosted: Tue Sep 20, 2011 9:00 pm 
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So what does everyone think of the protests on Wall Street in New York?

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 Post subject: Re: Protests in NYC
PostPosted: Tue Sep 20, 2011 10:18 pm 
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This is what I think:
http://www.youtube.com/watch?feature=pl ... W2VW-Z1M94

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 Post subject: Re: Protests in NYC
PostPosted: Tue Sep 20, 2011 11:49 pm 
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Walter,
It's as much about the government as the corporation. It's naive, IMHO, to put the blame only upon the business owner. We didn't hire a new employee this year because the new, stick it to the business owner structure would have had negative return. We would have to pay more in tax/insurance/fees than the employee could have ever made. We calculated a 3K loss to hire an employee. Overtime for existing workers was the only option, oh and I had to jump in and assist on a few jobs. Believe me. I would much rather hire a worker at $12.00 per hour than get back into the truck myself. I can't stay in business when I can't make a profit.

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 Post subject: Re: Protests in NYC
PostPosted: Wed Sep 21, 2011 8:02 am 
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I think the biggest thing here, and what they are protesting, is the fact the money and corporate greed is running our government. Unfortunately, that's not just the GOP, but its the democrats as well.

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 Post subject: Re: Protests in NYC
PostPosted: Thu Sep 22, 2011 3:59 am 
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Economics is my pet subject. If I lived in New York, I'd be there with them. Please don't get me started we'll be here all day. :)


http://www.youtube.com/embed/tj2s6vzErqY

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 Post subject: Re: Protests in NYC
PostPosted: Thu Sep 22, 2011 11:39 pm 
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I think one of the biggest problems today is the Walmart mentality were every supplier is squeezed to the point were it is no longer profitable to manufacture in North America and another industry gets exported. I think when we have reached the point were all we do is serve each other coffee and provide haircuts we will have truly switched places with the third world. When it comes down to it all these job creators have in reality been job exporters, export enough jobs and how many customers will be left.

Gerhard

reason for edit: I left out the word customer in the last line, I think it now seems like a coherent thought.

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Last edited by gerhard on Fri Sep 23, 2011 9:45 am, edited 1 time in total.

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 Post subject: Re: Protests in NYC
PostPosted: Fri Sep 23, 2011 4:59 am 
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We have same problem in the UK. Companies have decided that design and marketing are the only profitable parts of the production process, so they have shipped the manufacturing overseas. The problem is we have an unemployed manufacturing workforce who still need paying. The problem gets worse when you realise these people now have families, who can see no future other than a life on welfare.

For generation we have been trying to dismantle the class structure but we've only succeeded in creating a class below working class, the non working class.

I don't condone the riots and violence but unlike our politicians I can see the reasons for the frustrations that caused it.

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 Post subject: Re: Protests in NYC
PostPosted: Fri Sep 23, 2011 8:41 am 
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The "rich" ( as some people say) are not investing ( in companies etc) because they don't know what is going on in Washington DC. With the constant threat of "taxing the rich" they re holding on to the investment money. Taxing the rich is being characterized as raising their taxes, having people believe it is income taxes like everyone pays. Not so the threat is on the "investment dollars" profit tax. Explained on the nightly news quite simply.

If I invest $1.00 into a company and make $2.00 , a one dollar profit I owe the IRS 20 cents.

Under the proposed rules my $2.00 would be taxed up to $1.20. I would pay a tax on the first dollar "earned" that is not actually a profit but a return of my original money.

So why would I want to risk millions in upstart companies or technologies when my taxes jump from 20% and can be as high as 60%? I'd have a bigger payout for my risk at the casinos.

Keep in mind 7 of 10 new business will not have a long life or ever show a profit, it is a huge risk. The chance for a profit with say a large company is better but depends upon the technology etc.. Electric automobile batteries may make a profit but not for many years. Solar panels...... well can we say Solyndra ??

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 Post subject: Re: Protests in NYC
PostPosted: Fri Sep 23, 2011 8:54 am 
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You can't make the poor richer by making the rich poorer but we need to weed out the parasites, that get rich by moving money around but not creating any wealth.

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 Post subject: Re: Protests in NYC
PostPosted: Fri Sep 23, 2011 9:43 am 
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Philip I think it is time to reduce the Kool-Aid consumption at Fox ;)

Gerhard

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 Post subject: Re: Protests in NYC
PostPosted: Fri Sep 23, 2011 2:10 pm 
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gerhard wrote:
Philip I think it is time to reduce the Kool-Aid consumption at Fox ;)

Gerhard
:D It was World Business on MSNBC though Fox can be pretty entertaining, I'm not a fan. Even Ted Turner wasn't liking the proposed regulations...which are, of course, nothing but talk.

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 Post subject: Re: Protests in NYC
PostPosted: Fri Sep 23, 2011 2:15 pm 
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Sith Lord
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What I recently found entertaining (not quite this topic, but one brought up by the fox new comment)... It used to be said that fox was the megaphone for only conservative spin. Lately, I've been hearing a lot of pro-democrat/liberals go on and on how now cnn, cbs, and msnbc are the republican megaphones.

Personally, I don't trust anyone anymore, especially the news media.

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 Post subject: Re: Protests in NYC
PostPosted: Fri Sep 23, 2011 2:37 pm 
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Aaron wrote:
What I recently found entertaining (not quite this topic, but one brought up by the fox new comment)... It used to be said that fox was the megaphone for only conservative spin. Lately, I've been hearing a lot of pro-democrat/liberals go on and on how now cnn, cbs, and msnbc are the republican megaphones.

Personally, I don't trust anyone anymore, especially the news media.



I just stick with my NBC news, been watching it for 40 plus years, not going to change now. :D I think I can wade through what is spin and what isn't...being cynical can be a virtue! :lol:

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 Post subject: Re: Protests in NYC
PostPosted: Sat Sep 24, 2011 3:28 am 
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RT reports the West's news that the West doesn't want you to hear. Check out The Keiser Report with Max Keiser and Stacey Herbert.

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 Post subject: Re: Protests in NYC
PostPosted: Sat Sep 24, 2011 3:28 am 
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RT reports the West's news that the West doesn't want you to hear. Check out The Keiser Report with Max Keiser and Stacey Herbert.


Edit. Now how did that happen. :)

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There's no need for turning back.
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