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Thread: Profits soar amid mass layoffs

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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by apdst View Post
    What should be done about it?




    How do you intend on paying for that, exactly? You won't be able to do it by just taxing the rich. You're going to have to tax middle class folks, too. How-da-ya think that's going to go over? Why does the Left have such a disconnect between tax revenue and revenue generation? Why don't you see that the easiest--and most politically expedient way--to create more tax revenue is help the private sector create more taxable revenue?

    Nice use of the, "crumbling infrastructure", scare tactic talking point, too, BTW.
    Well, the 700 billion dollars we flushed down the toilet labeled "bailout" would've been a good start. Another good one would be the $350 billion being thrown at the Joint Strike Fighter project. How many jobs could you make for a trillion dollars? That's just two off the top of my head.
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  2. #102
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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by apdst View Post
    What should be done about it?




    How do you intend on paying for that, exactly? You won't be able to do it by just taxing the rich. You're going to have to tax middle class folks, too. How-da-ya think that's going to go over? Why does the Left have such a disconnect between tax revenue and revenue generation? Why don't you see that the easiest--and most politically expedient way--to create more tax revenue is help the private sector create more taxable revenue?

    Nice use of the, "crumbling infrastructure", scare tactic talking point, too, BTW.
    Here is another way to raise revenue. End the wars. Cut the MIC by at least 50%. As for taxing the working class, no. They have payed and suffered enough for the rich.
    Last edited by U.S. Socialist.; 07-25-11 at 09:52 PM.

  3. #103
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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by atrasicarius View Post
    Well, the 700 billion dollars we flushed down the toilet labeled "bailout" would've been a good start. Another good one would be the $350 billion being thrown at the Joint Strike Fighter project. How many jobs could you make for a trillion dollars? That's just two off the top of my head.
    Obama already spent a trillion dollars to crate jobs. What did we get for our money? 2 million fewer jobs.

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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by U.S. Socialist. View Post
    Here is another way to raise revenue. End the wars. Cut the MIC by at least 50%
    Nice job of not answering my questions.

    I didn't expect an actual answer, so that's ok.

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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by apdst View Post
    Allow me to add to his post; private companies exist to make money...providing goods and services.
    Now, that I agree with.

    Quote Originally Posted by atrasicarius View Post
    I don't think you addressed his point. All those things you listed are what caused the recession in the first place. Now, some businesses are starting to pick up again, but they're not hiring more people. They've learned they can get the same work out of fewer people, so why hire more? It's a self perpetuating cycle, because as long as there's a large pool of unemployed workers, businesses will be able to get more work for less pay out of the workers they do have.
    To this I agree also. Companies won't hire if they believe they can "retool" using new technology or "refine" divisions or departments to perform similar taskings but achieve similar or better results. But that's usually an individual company and/or industry-wide solution. What's happening in the private and public sectors right now is a direct result of a systematic failure of our financial sectors! People need to understand that. And until these companies at the very top have replenished much of the capital they've lost, then and only then will they begin hiring again. But still there's a problem: How to foster small business growth?

    Because of the changes in financial reforms, neither the big commercial banks nor the small community banks will lend as loosely as they did just a mere 2-3 years ago. These banks will now require collateral before they approve loans. This poses a problem for many small businesses because most of them don't have the kind of collateral banks require of them to support such loans. So, they're wondering how can they save their business and/or get back into the game?

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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by apdst View Post
    Nice job of not answering my questions.

    I didn't expect an actual answer, so that's ok.
    Actually I did answer your question. You asked how to pay for it and said taxing the rich wasn't enough. So I suggested ending the wars and cutting all military spending by half and using that money on infrastructure. That did answer your question. Why does the Right always ignore evidence?

  7. #107
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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by apdst View Post
    Obama already spent a trillion dollars to crate jobs. What did we get for our money? 2 million fewer jobs.
    Obama gave a trillion dollars to the corporations, and shockingly enough, they kept it. What we need are public sector jobs.
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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by atrasicarius View Post
    Obama gave a trillion dollars to the corporations, and shockingly enough, they kept it. What we need are public sector jobs.
    Public sector jobs are not self sufficient. We need jobs that are.

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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by 1Perry View Post
    Public sector jobs are not self sufficient. We need jobs that are.
    Norway has a very strong public sector and their unemployment rate is at 3.6%. So not only are public sector jobs sustainable they have proven to work well. It's telling that this bastion of capitalism has such a higher unemployment rate than socialist Norway.

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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by 1Perry View Post
    Public sector jobs are not self sufficient. We need jobs that are.
    If you mean that they don't produce as much as they cost, it depends on the job. An electric rail system would be extremely profitable in the long run, just as the freeway system is now. The same goes for power plants, upgrading the electric grid, and so on.
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