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(Mother Jones)   During the recession, "corporate profits captured 88% of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1%"   (motherjones.com) divider line 280
    More: Sick, wages and salaries, Great Recession, total relation, Northeastern University, recession  
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4959 clicks; posted to Main » on 01 Jul 2011 at 9:34 AM (3 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2011-07-01 09:35:50 AM
Praise Supply Side Jesus! Amen!
 
2011-07-01 09:36:04 AM
How do you like your revolutions? October or French?
 
2011-07-01 09:36:14 AM
where other 11%?
 
2011-07-01 09:36:16 AM
cdn1.iofferphoto.com
 
2011-07-01 09:36:34 AM
Who the fark cares about numbers.
 
vpb [TotalFark]
2011-07-01 09:37:01 AM
The people who have the power look after their own interests.
 
2011-07-01 09:37:58 AM

vpb: The people who have the power look after their own interests.


3.bp.blogspot.com
 
2011-07-01 09:39:31 AM
And regular people who own stock in those companies get a piece of those profits. Amazing.
 
2011-07-01 09:39:45 AM
Well, you have to understand, subby, that if corporations aren't making a profit then there wont be any new jobs and the economy will continue to stagnate. With that profit, they'll reinvest in the industry creating new jobs and the wealth will trickle down to all the rest of those people. Ah...fark it.

I can't do it. I just can't make it funny no matter how hard I try. I was going to try something about subby leaving all those poor valets and golf caddies unemployed, but I just don't have the heart anymore. Paging Pocket Ninja.
 
2011-07-01 09:40:12 AM
Damn grandpa and his shares of blue chip stocks! He should be broke like everyone else.
 
2011-07-01 09:40:37 AM
say it once say it a thousand times.
when the shiat hits the fan i already know who to beat, who to greet and who to eat. have read that human flesh does taste a great deal like pork. it is called long pig in some regions. another time some scientist made a robot that could "taste" human flesh, and it determined that humans should taste like pork. .
 
2011-07-01 09:41:05 AM
Is the tag for where the obvious tag is? Does this actually surprise anyone?
 
2011-07-01 09:41:14 AM

GORDON: And regular people who own stock in those companies get a piece of those profits. Amazing.


Most people don't own stock outside of a retirement fund.
 
2011-07-01 09:41:15 AM
I'm so glad these corporations that are flush with cash and making record profits are producing a bevy of jobs!
 
2011-07-01 09:43:27 AM
We need more corporate tax cuts! They seriously pass their savings down to us!
 
2011-07-01 09:44:59 AM
I checked the list and apparently I'm # 286,435 against the wall when the revolution comes.
 
2011-07-01 09:45:53 AM
scrapetv.com


why they no share with me?
 
2011-07-01 09:46:07 AM
Don't like it? Stop patronizing corporations. Do your banking at a credit union, throw your cell phone away. Buy your groceries from the hippy commune produce market.
 
vpb [TotalFark]
2011-07-01 09:46:14 AM

GORDON: And regular people who own stock in those companies get a piece of those profits. Amazing.


Except that regular people don't get much income from stock. That's why they have to work.
 
2011-07-01 09:46:23 AM
So if we give corporate America more subsidies and handouts from the paychecks of the working class, they wave a magic wand and magically create jobs? Amazing!
 
2011-07-01 09:46:32 AM
If the anti-business Obama administration would stop getting in the way of profits, these brave businessmen could start hiring again.
 
2011-07-01 09:47:02 AM
I really hope the anti-tax religion dies out before the backlash goes way too far the other way.

Progressive taxation schemes were invented and put in place by the people with power - that is the rich. Why? As even the Romans with their Colosseum knew, nothing good comes from utterly pissing off the free majority.
 
2011-07-01 09:48:24 AM
Maybe if these CEOS and shareholders had some more French Champagne and yachts, they'd deign to give the lowly folk a COLA raise to match inflation?
 
2011-07-01 09:48:41 AM
GORDON: "And regular people who own stock in those companies get a piece of those profits. Amazing."

So you think it's cool that we're becoming a nation of rentiers?
I dunno. Personally, I liked it when we made things and there was economic mobility.
I can't say I feel like standing up and applauding when the only way to make money is to have money.
 
2011-07-01 09:49:32 AM
But but but socialism!
 
2011-07-01 09:49:55 AM

kd8our: say it once say it a thousand times.
when the shiat hits the fan i already know who to beat, who to greet and who to eat. have read that human flesh does taste a great deal like pork. it is called long pig in some regions. another time some scientist made a robot that could "taste" human flesh, and it determined that humans should taste like pork. .


i'd like to have you for dinner.
 
2011-07-01 09:50:11 AM

GORDON: And regular people who own stock in those companies get a piece a tiny sliver of those profits. Amazing.


And people wonder why our economy is in the shiatter. Demand is forced to be slack by depressed wages and increased debt.

/thank you college.
 
2011-07-01 09:50:14 AM
Yes, when the State prints money, it benefits those with first access to money and punishes the rest.

Similarly, when the Central State practices a sick form of corporate fascism, expect larger corporates to outperform.

Clearly, the Mother Jones answer is to institute a larger version of the malleable Central State. Since the left statists can't outlaw speech, expect those large corporates to enjoy even more advantages through the Central State.

The antidote to corporate fascism is to reduce dramatically the size, scope, and power of the Central State. I will not hold my breath waiting for such an outcome.
 
vpb [TotalFark]
2011-07-01 09:50:49 AM

Honest Bender: Don't like it? Stop patronizing corporations. Do your banking at a credit union, throw your cell phone away. Buy your groceries from the hippy commune produce market.


Then they would get hippy commune produce markets banned the same as they did with buying prescription medicine from hippy commune dangerous third world countries like Canada.

Or maybe stop allowing them to control the political process?
 
2011-07-01 09:51:35 AM
Pointing out facts about skyrocketing wealth disparity is class warfare, Subby.

However, enacting policy to cause that disparity is totally cool. Just don't talk about it.
 
kab
2011-07-01 09:53:19 AM
clearly we need lower corporate tax rates
 
2011-07-01 09:53:48 AM

CBass3: Yes, when the State prints money, it benefits those with first access to money and punishes the rest.

Similarly, when the Central State practices a sick form of corporate fascism, expect larger corporates to outperform.

Clearly, the Mother Jones answer is to institute a larger version of the malleable Central State. Since the left statists can't outlaw speech, expect those large corporates to enjoy even more advantages through the Central State.

The antidote to corporate fascism is to reduce dramatically the size, scope, and power of the Central State. I will not hold my breath waiting for such an outcome.


Yes, clearly the answer here is more laissez faire capitalism.

Obviously.
 
2011-07-01 09:53:53 AM
People just don't have any critical thinking skills anymore - listen idiots:

Who the fark do you think owns the stock for these companies? Just rich people?

If you have been propagandized into thinking that, then you really need to grow up and start taking responsibility for thinking for yourself and not just drinking the kool-aid of whatever trips your emotional switches.

PEOPLE own corporations. The profits go to stockholders. And contrary to the PROPAGANDA you have been consuming, the vast majority of stock in these large companies are tied up in pension plans, 401k, etc.

When socialist lawmakers are successful in damaging one of these companies with confiscatory taxes or ridiculous regulations - it is the LITTLE people who get farked.

Socialists bent on changing this country into a european style socialist malaise-a-thon are just playing on your envy and spite to push through legislation that has nothing to do with whatever you have been whipped into a frenzy about.

When you fark with one of these large companies, you fark with the little people. The rich will stay rich.

So farking grow up already - your childishness is why we get assholes in power.

Stop being so easy to manipulate.
 
2011-07-01 09:54:25 AM

CBass3: Yes, when the State prints money, it benefits those with first access to money and punishes the rest.

Similarly, when the Central State practices a sick form of corporate fascism, expect larger corporates to outperform.

Clearly, the Mother Jones answer is to institute a larger version of the malleable Central State. Since the left statists can't outlaw speech, expect those large corporates to enjoy even more advantages through the Central State.

The antidote to corporate fascism is to reduce dramatically the size, scope, and power of the Central State. I will not hold my breath waiting for such an outcome.


We had to increase the power of the state to break up the trusts.
 
2011-07-01 09:54:44 AM
The problem isn't that corporations are making money - they always do that. It's that they're holding on to it, or paying it out as profits to their shareholders instead of using it for reinvestment in the business. Most of the big businesses are NOT going to be hiring for the near future, because they're worried about how Obamacare and the other huge spending sprees from the last couple of years will affect the cost of those hires over the next decade or so.

Why hire someone for $40,000 a year (or whatever) for a job, when there's a good chance that's going to really cost the equivalent of a $50,000 a year job due to mandatory insurance requirements? Especially since a large part of the government is insisting on raising taxes by a huge amount on top of that? If you hire someone based on the idea that their salary is going to be $40,000 (which allows you to make a profit at that cost), but they really cost the business $60,000, you're going to lose money on each new hire. Therefore, no new hiring.

(Note that a $40,000 a year job already costs a lot more than that - closer to double in many cases, with payroll taxes, liability insurance, legal costs, and so on. One of the rules of thumb about hiring has always been "if you pay someone a dollar, you need to take in at least two dollars of business to cover that cost and make a profit.")
 
2011-07-01 09:55:08 AM

Jake Havechek: I'm so glad these corporations that are flush with cash and making record profits are producing a bevy of jobs!


The newest cash is mostly debt. There is another side to the balance sheet. Companies are borrowing while they can in anticipation of the next credit meltdown which will come in the near-to-mid term.

Borrowing to finance new jobs won't do much to preserve your business but that kind of economic expertise could lead to a job on the President's Council of Economic Advisors (Or SecTreas, I've heard there might be an opening).
 
2011-07-01 09:55:47 AM
Disgusting.
 
2011-07-01 09:56:31 AM

CBass3: Jake Havechek: I'm so glad these corporations that are flush with cash and making record profits are producing a bevy of jobs!

The newest cash is mostly debt. There is another side to the balance sheet. Companies are borrowing while they can in anticipation of the next credit meltdown which will come in the near-to-mid term.

Borrowing to finance new jobs won't do much to preserve your business but that kind of economic expertise could lead to a job on the President's Council of Economic Advisors (Or SecTreas, I've heard there might be an opening).


Really?

Can you point to me precisely when banks started lending again? Cuz that ain't happening in New York City.
 
2011-07-01 09:57:07 AM

cirby: Most of the big businesses are NOT going to be hiring for the near future, because they're worried about how Obamacare and the other huge spending sprees from the last couple of years will affect the cost of those hires over the next decade or so.


Yeah, that's the ticket. Obamacare.
 
2011-07-01 09:57:12 AM

Guidette Frankentits: where other 11%?


The coporations paid that in taxes on the 99% they earned.
 
2011-07-01 09:57:50 AM

zilla1126: PEOPLE own corporations. The profits go to stockholders. And contrary to the PROPAGANDA you have been consuming, the vast majority of stock in these large companies are tied up in pension plans, 401k, etc.


Utter bullshiat.
 
2011-07-01 09:58:10 AM
Bah....who needs a middle class, anyway.
 
2011-07-01 09:59:26 AM

GORDON: And regular people who own stock in those companies get a piece of those profits. Amazing.


Oh, jesus christ, not this shiat again.

I'll repeat this again, slowly and loudly, because apparently all the "smart" people who trade stocks are complete farking idiots and really need even simple points driven heavily into their thick skulls: people. should. not. have. to. have. a. second. job. trading. stocks. to. make. a. decent. living.

It's no more fair to demand that a construction worker spend hours every night pouring over stock data to make a living than it is to demand a trader don a hardhat every night and go do real work for a change building something. If the economy demands constant participation in the stock market for the majority of workers to be able to make a fair living, then the economy is broken.

Shifting papers around a desk and bits around a computer network is not work. It is not productive. Nothing of value comes from it. You cannot sustain an economy doing it, so you cannot tell the people who actually do the work that generate your bits of paper and data to join you in your paper-shuffling as a "fix" to their income problems and expect anything other than disaster.
 
2011-07-01 10:01:24 AM
I'm starting to think the recovery is being sabotaged by the business community so republicans will get elected and they can start dumping the toxic waste at playgrounds and making DDT again.
 
2011-07-01 10:01:56 AM

CBass3: Yes, when the State prints money, it benefits those with first access to money and punishes the rest.

Similarly, when the Central State practices a sick form of corporate fascism, expect larger corporates to outperform.

Clearly, the Mother Jones answer is to institute a larger version of the malleable Central State. Since the left statists can't outlaw speech, expect those large corporates to enjoy even more advantages through the Central State.

The antidote to corporate fascism is to reduce dramatically the size, scope, and power of the Central State. I will not hold my breath waiting for such an outcome.


You picked the wrong week to stop sniffing glue, son.
 
2011-07-01 10:02:10 AM
But if we don't let the companies take most of the money they might stop taking most of the money!

/Wait. what?!?
//This is really what Republicans think
 
2011-07-01 10:02:48 AM
the vast majority of stock in these large companies are tied up in pension plans, 401k, etc
 
2011-07-01 10:03:46 AM

zilla1126: When socialist lawmakers are successful in damaging one of these companies with confiscatory taxes or ridiculous regulations - it is the LITTLE people who get farked.


So why is it that when taxes were higher on Corporations, the economy was better, unemployment was lower, and the wealth gap was smaller?

In a similar vein, why did all of these things change for the worse when we started dropping taxes on Corporations?
 
2011-07-01 10:04:41 AM

technocrat: I'm starting to think the recovery is being sabotaged by the business community so republicans will get elected and they can start dumping the toxic waste at playgrounds and making DDT again.


You're just now realizing this?
 
2011-07-01 10:04:48 AM

GORDON: And regular people who own stock in those companies get a piece of those profits. Amazing.


Until you get to the top 5% income bracket most people do not get a significant portion of their income from investments. So if you translate your sentence with that fact in mind you get ;

And regular well off people who own stock in those companies get a piece of those profits. Amazing.

And that is a more accurate statement of the actual effect.
 
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