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Thread: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Contra

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    That is an opinion but since I've seen the opposite as an employer first hand I will say your opinion is wrong.


    Quote Originally Posted by lpast View Post
    Nope...taxes dont create nor eliminate jobs...and there is no trickle down from tax cuts...and the rich dont pay their fair share...off shore accounts and loopholes assure that...along with all the other govt gimmes that enrich them at the middleclass working class's expense...all while they enjoy slave labor in china and cheap labor in other companies...which produce GARBAGE products many times..
    They are now realizing that all their outsourcing and taking jobs from americans out of greed has created another dilemna for them..now theres not enough americans with a job or a decent paying job to buy all the garbage products they need to sell...

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    Quote Originally Posted by lpast View Post
    Thats another constant constant....its when the middleclass gets poorer and shrinks...thats why the country is in deep doo doo like they are right now...and the only thing that makes the middleclass poorer and smaller is when the rich go overboard and take too much...and thats exactly what they have been doing for 20 yrs
    Can you point to something outside your rhetoric that shows this "constant constant"? How do you know that the middle class shrinkage is to the poor side and not the rich side?

    Millionaire Population Grows by 200,000 - The Wealth Report - WSJ

    "The number of millionaires in America grew by 200,000 in 2011, according to a new report from Chicago-based Spectrem Group.

    That sounds like a lot — especially with so many Americans still losing jobs and homes. But it represents a growth rate of only 2% – much slower than the growth in 2009 and 2010.

    According to Spectrem, there are now 8.6 million households in the U.S. with a total net worth (minus principal residence) of $1 million or more. The number of households worth $5 million or more and $25 million or more also remained fairly flat, with growth of less than 2%. There are now 1,078,000 households worth $5 million or more and about 107,000 people worth $25 million or more."

    also from the article:

    "The report also broke down today’s millionaires by occupation and former occupation if retired. Managers make up the largest group, with 17%, followed by educators (12%), corporate executives (7%), entrepreneur/business owners (6%) and attorneys and accounts."

    Educators, attorneys and accountants are easy jobs for someone who is poor to break into because they just need to go to school and there are plenty of grant/loan programs that can make that happen if they bother to apply themselves in a slightly above average way. One doesn't even need graduate school to become a CPA. While the overall number of millionaires is down since late 2008, there are still quite a few of them.

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    Quote Originally Posted by lpast View Post
    Gotta just love the pigs dont we.....umm no I dont


    The CEOs are part of a campaign run by the Peter Peterson-backed Center for a Responsible Federal Budget, which plans to spend at least $30 million pushing for a deficit reduction deal in the lame-duck session and beyond.

    Hmmm 30 million could be donated to debt reduction:

    Government - Gift Contributions to Reduce Debt Held by the Public

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    Quote Originally Posted by CalGun View Post
    Cutting loopholes for the rich will likely cut jobs for the poor. Do you realize that? While the left is key on wanting to end the Bush era tax cuts and say its for deficit reduction that means no new jobs are created and if the rich was going to use that to create jobs - that is halted as well. That is a big "if" but since the government pledges to reduce deficit spending with it there is certain to be no job creation on that end. Or are we being lied too and there will be more spending by the government? You want to tax foreign profits? So why be an American company at all? That suggestion would cause many to locate their corporations out of America and ship their products here if they are desired.

    Why not just impose a 5% sales tax on everyone and increase government revenue $600 billion so that the poor can keep the social services they've voted for and not ruin the dollar for everyone?
    Cut ALL loopholes for corporations and the top 2% then we can discuss 5% sales taxs and entitlement reform...but the top has to come down some first...they are the ones that have gotten fabulously richer while everyone else suffers so they can be richer.

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    Quote Originally Posted by CalGun View Post
    That is an opinion but since I've seen the opposite as an employer first hand I will say your opinion is wrong.
    Over the years my wife and I have employed hundreds upon hundreds of employees...that argument will not work here

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    Quote Originally Posted by Fisher View Post
    Can you point to something outside your rhetoric that shows this "constant constant"? How do you know that the middle class shrinkage is to the poor side and not the rich side?

    Millionaire Population Grows by 200,000 - The Wealth Report - WSJ

    "The number of millionaires in America grew by 200,000 in 2011, according to a new report from Chicago-based Spectrem Group.

    That sounds like a lot — especially with so many Americans still losing jobs and homes. But it represents a growth rate of only 2% – much slower than the growth in 2009 and 2010.

    According to Spectrem, there are now 8.6 million households in the U.S. with a total net worth (minus principal residence) of $1 million or more. The number of households worth $5 million or more and $25 million or more also remained fairly flat, with growth of less than 2%. There are now 1,078,000 households worth $5 million or more and about 107,000 people worth $25 million or more."

    also from the article:

    "The report also broke down today’s millionaires by occupation and former occupation if retired. Managers make up the largest group, with 17%, followed by educators (12%), corporate executives (7%), entrepreneur/business owners (6%) and attorneys and accounts."

    Educators, attorneys and accountants are easy jobs for someone who is poor to break into because they just need to go to school and there are plenty of grant/loan programs that can make that happen if they bother to apply themselves in a slightly above average way. One doesn't even need graduate school to become a CPA. While the overall number of millionaires is down since late 2008, there are still quite a few of them.

    Fisher I have posted that information about the middleclass far to many times here...to do it again...Im sorry im worn out posting the same evidence over and over and over and over...

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    You have my support. I've had many employees, I paid them generously and shared the profits with them. Even then, I still made good money and paid plenty of taxes without loopholes and had no problem doing so. I'm always surprised that the rich are so strongly defended by the not-rich. Except for a few thousand super-selfish CEOs, I think most high income people are very philosophical about their tax burden. If you make a million, you still keep about $670K which is far more than you need to live on.

    So, there are the "rich" and the "selfish rich". The latter makes more noise. That's one of the reasons I didn't vote for Romney despite my disappointment with Obama. He was focused on having hundreds of millions and paying as little tax as possible so I felt that he would use the Presidency to cut himself tax breaks that he didn't need.

    I don't know any billionaires but I'll guess most of them are happy enough to pay the taxes and still be billionaires.




    Quote Originally Posted by lpast View Post
    Over the years my wife and I have employed hundreds upon hundreds of employees...that argument will not work here

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    It wasn't an argument. It was a fact. In fact due to changes imposed by government my business reduced hours for people until some had to leave and they were not replaced. I don't care what your vast experience was mine was exact and in fact I'd have to say you are being obtuse to not recognize it as a fact. It leads me to think there is some personal jealousy being propelled by you to soak the rich / maybe punish them? The fact is the changes you think are prudent would cost plenty of people their jobs, and wouldn't even balance our budget. Such a scenario will simply hasten our demise. Maybe that's your goal?

    Quote Originally Posted by lpast View Post
    Over the years my wife and I have employed hundreds upon hundreds of employees...that argument will not work here

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    Quote Originally Posted by CalGun View Post
    Cutting loopholes for the rich will likely cut jobs for the poor. Do you realize that? While the left is key on wanting to end the Bush era tax cuts and say its for deficit reduction that means no new jobs are created and if the rich was going to use that to create jobs - that is halted as well. That is a big "if" but since the government pledges to reduce deficit spending with it there is certain to be no job creation on that end. Or are we being lied too and there will be more spending by the government? You want to tax foreign profits? So why be an American company at all? That suggestion would cause many to locate their corporations out of America and ship their products here if they are desired.

    Why not just impose a 5% sales tax on everyone and increase government revenue $600 billion so that the poor can keep the social services they've voted for and not ruin the dollar for everyone?
    That scare tactic is worn out. Time has proven it wrong.

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    Quote Originally Posted by Mr. Invisible View Post
    These types of people are the ones who push austerity the most as they don't have to feel the effects of it. Their kids will still get a top-notch education and they'll still have their 3 houses, yacht, and mercedes car. In their minds the only people who are getting screwed over are the peasants- you and me.
    Do you enjoy your class warfare?
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    ― Robert A. Heinlein, Beyond This Horizon

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