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Thread: Census shows 1 in 2 people are poor or low-income

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by haymarket View Post
    The company paying taxes on its money is one thing. The company is a legal entity and they pay their obligations.
    An individual paying taxes on their money is a different thing. They are a complete different entity and they pay their own personal obligations
    it certainly is not a separate thing - those individuals own the company, the money that is being taxed is theirs. If we wanted to get rid of capital gains in favor of elimination of corporate loopholes, or get rid of the corporate tax in favor of a capital gains rate that treated capital gains as regular income, either of those schemes would be fine with me.

    As to capital gains and your positions, I have stated several times that I am more than willing to examine your actual evidence.
    well then a simple enough test would suffice - a drop in capital gains rates (if my crazy theory that everything we know about economics is generally accurate, and that therefore the notion that people respond to incentives is correct) should see an increase in capital inflow.
    Last edited by cpwill; 12-30-11 at 08:51 AM.

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    Re: Census shows 1 in 2 people are poor or low-income

    actually, they own shares in the company. Tell me what would happen if a stockholder walked into the General Motors building and picked up an expensive piece of equipment and attempted to walk out with it claiming that the OWN THE DAMN COMPANY.
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by haymarket View Post
    actually, they own shares in the company. Tell me what would happen if a stockholder walked into the General Motors building and picked up an expensive piece of equipment and attempted to walk out with it claiming that the OWN THE DAMN COMPANY.


    Before, or after Obama devalued their stock and gave it to the Unions?

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by j-mac View Post
    Before, or after Obama devalued their stock and gave it to the Unions?

    j-mac
    What a weird and completely bizarre thing to say when the companies themselves wanted to preserve the unions.
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by haymarket View Post
    What a weird and completely bizarre thing to say when the companies themselves wanted to preserve the unions.
    They have no right to want to do something like that.. Workers are evil I tellss ya!!!!

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by haymarket View Post
    What a weird and completely bizarre thing to say when the companies themselves wanted to preserve the unions.
    Right, Obama devalued their stock, which was worth about $0.01 per share.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by AdamT View Post
    Right, Obama devalued their stock, which was worth about $0.01 per share.
    True, the original stock for shareholders was worthless as of July '09 in the Chapter 11 Bankruptcy. However, Obama then bailed out the company with billions, and then proceeded to grant the Union 51% ownership of the 'new' GM.


    j-mac
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by j-mac View Post
    True, the original stock for shareholders was worthless as of July '09 in the Chapter 11 Bankruptcy. However, Obama then bailed out the company with billions, and then proceeded to grant the Union 51% ownership of the 'new' GM.
    j-mac
    WTF are you talkinga about? The UAW got about 17% of the shares, and in return took over the retiree health care plan which was a GM liability to the tune of almost $50 billion. Great deal for the UAW.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by AdamT View Post
    WTF are you talkinga about? The UAW got about 17% of the shares, and in return took over the retiree health care plan which was a GM liability to the tune of almost $50 billion. Great deal for the UAW.
    Easy to find my friend, even with your obvious attempted rewrite of history.


    Obama’s union payback to cost taxpayers $14 billion

    Obama’s union payback to cost taxpayers $14 billion : USACTION NEWS


    j-mac
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by j-mac View Post
    Easy to find my friend, even with your obvious attempted rewrite of history.


    Obama’s union payback to cost taxpayers $14 billion

    Obama’s union payback to cost taxpayers $14 billion : USACTION NEWS

    j-mac
    Uh, that doesn't confirm your false assertion that the UAW got 51% of GM. It says that they got $14 billion in stock, but it doens't mention that they also got $50 billion in health care liabilities, for a net loss of around $36 billion. Quite a deal.

    As I said, the UAW got 17.5% of GM stock: UAW Trust To Get 17.5% Of GM Shares - CBS News

    And the UAW took on GM's $51 billion health care liability: Is GM's Health Plan Contagious?

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