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(WTOP)   Good news, everybody. The mega-rich's net worth increased from $1.7 trillion to $2 trillion last year, which means there's gonna be a lot more cash money trickling down to the rest of us very soon   (wtop.com) divider line 469
    More: Cool, rises, T. Boone Pickens, Microsoft Corp., Dustin Moskovitz, Hyatt Hotel, Larry Ellison  
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2433 clicks; posted to Main » on 17 Sep 2013 at 7:52 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-09-17 04:03:19 PM  

Infernalist: HotWingConspiracy: Infernalist: OnlyM3: HighlanderRPI
2013-09-17 07:56:21 AM


/Oblig
Reagan has been out of office for how many years now? Bush disagreed with his economic beliefs calling them "Voodoo economics" and changed the course.... leading to the bush recession. Remember "It's the economy stupid"?

So, how long has zero been in office? You're blaming Reagan who's been dead longer than zero has been at the helm.

So, you think that the bad economy of the late 80s is because of Bush sr.?   lol  oh god, it burns.

Hyper conservatism can never be wrong.

What we need is 20 straight years of Democratic control of the WH and congress.  No more of this '8 years and hand off' bullshiat.  We need a solid decade of Democratic control of the government so that we can 'see' what can come of it.  And then let the American people decide if the GOP alternatives are better or not.

Because right now, it's stupid.  We let the GOP fark things up with foreign wars and obscene tax cuts and cronyism and all but open bribery in the government at the highest level...and when shiat goes south, they throw up a lamb to be slaughtered after 8 years and the Democrats take over.

Democrats spend 8 years fixing the GOP fark ups and disasters and get us out of the wars and the whole time, the GOP is snarking and complaining about how the Democrats aren't fixing things fast enough.  And at the end of the 8 years, they talk about integrity of the office and how corrupt the Democrats are and weak on crime and our enemies are laughing at us...etc etc etc...

And we vote them back in and they go right back to provoking foreign wars and looting the government for as much as they can, and we continually have the unmitigated gall to act SURPRISED.

fark that.  2016 needs to be the point where we give the Democrats another 8 years in the WH.


When it still doesn't work what will your excuse be? You obviously haven't noticed that democrats are just as corrupt as republicans. They own stock in the same companies, vacation at the same resorts, and get gifts from the same lobbyists. They're more than willing to start wars, blame the other party for their own failures, and take credit for the other's accomplishments.

The only thing we need in DC is a guillotine in front of the Capitol Building. Don't stop until they're all dead, then do the same thing to their replacements. After half a dozen times they'll get the message.
 
2013-09-17 04:10:56 PM  

rewind2846: blaming the current president for all the bad sh*t that went on well before January 20th, 2009


lol are you kidding me.  Obama has so many farkups on his record there's no need to dig that far.

Or are you of the "obama is my blameless messiah" camp?  In which case I lol even harder.
 
2013-09-17 04:11:08 PM  
Two hundred and thirty seven years ago, + / -, a new nation was formed in a distant colony by overthrowing fat, imperialistic, greedy tyranny.

And there was much rejoicing.

Two hundred and twenty four years ago, an old nation gathered to end oppressive, greedy elitist rule with a bloodbath.

Check your watch, people.  History is cyclical and that Little Debbie's in the cabinet next to the Ramen is what you get instead of bread.I am not advocating or decrying the inevitability of revolution 2.0.  I'm just watching the filmstrip loop to START.
 
2013-09-17 04:13:59 PM  

Shadow Blasko: I wish I could simply post this as a reply to at least 100 people in this thread, but I am going to post it here.


I read your post and agree with the content.
 
2013-09-17 04:17:30 PM  

bunner: EWreckedSean: Because keeping garbage cans empty and bathrooms clean equates to more work than keeping a business running and thousands of people employed?

We have had a notion in this country since it's inception, a throwback to our English class system heritage, that people who work with  their hands are yobs, inconsequential, failures and not as "good" as the people with clean fingernails and their mortgage in their pocket.  And they sure as sh*t milked it, those well scrubbed and suited cocksuckers.  And we let them.  I got an idea.  Everybody go on e-bay or to a goodwill and buy a suit or a dress that fits.  Wear them.  Every day.  Watch the FOX news crowd blame it on some communiss conspiracy.  *snort*


It is not a question of being "as good", it is a question of value produced by their labors. A company VP produces a lot more value than a company janitor as a general rule. The truth is most people can successfully empty a garbage can or scrub a toilet, most can't run a successful company. It doesn't matter how shiny those toilets get, it's not going to produce enough value to afford you the salary to have three mansions.
 
2013-09-17 04:18:52 PM  

bunner: Two hundred and thirty seven years ago, + / -, a new nation was formed in a distant colony by overthrowing fat, imperialistic, greedy tyranny.

And there was much rejoicing.

Two hundred and twenty four years ago, an old nation gathered to end oppressive, greedy elitist rule with a bloodbath.

Check your watch, people.  History is cyclical and that Little Debbie's in the cabinet next to the Ramen is what you get instead of bread.I am not advocating or decrying the inevitability of revolution 2.0.  I'm just watching the filmstrip loop to START.


Overthrown by fat, imperialistic, greedy tyrants closer to home? Let's be honest, this country was created to protect the rights of local, wealthy white land owners.
 
2013-09-17 04:20:57 PM  

rewind2846: Joe Blowme: So he wasn't elected in 2008? I voted in a fake election? Damn, they went through a lot of work and cash to make it seem real.

Maybe you should brush up on how this whole "president" thing works. See, they're "elected" or chosen in the first week of November of an election year, but they don't actually take office (as in "become president") until the third week of January of the following year. It's like trying to blame you for an apartment fire in the complex you've signed the lease for but won't move into for another month.

Of course that little tidbit of info has never stopped the FW:FW:FW: group from blaming the current president for all the bad sh*t that went on well before January 20th, 2009. These morons have to break a sweat to remember what month it is.


In fairness it hasn't stopped the FW:FW:FW: Obama crowd of blaming everything that happened after  January 20th, 2009 on the president who left office then either.
 
2013-09-17 04:23:36 PM  

rewind2846: Joe Blowme: So he wasn't elected in 2008? I voted in a fake election? Damn, they went through a lot of work and cash to make it seem real.

Maybe you should brush up on how this whole "president" thing works. See, they're "elected" or chosen in the first week of November of an election year, but they don't actually take office (as in "become president") until the third week of January of the following year. It's like trying to blame you for an apartment fire in the complex you've signed the lease for but won't move into for another month.

Of course that little tidbit of info has never stopped the FW:FW:FW: group from blaming the current president for all the bad sh*t that went on well before January 20th, 2009. These morons have to break a sweat to remember what month it is.


Thats nice an all that but i only said he was elected in fall of 2008, is that wrong or right?
 
2013-09-17 04:29:15 PM  

wolfpaq777: rewind2846: blaming the current president for all the bad sh*t that went on well before January 20th, 2009

lol are you kidding me.  Obama has so many farkups on his record there's no need to dig that far.

Or are you of the "obama is my blameless messiah" camp?  In which case I lol even harder.


"Lol" all you like. Break a brain cell if you want. I'm not stupid enough to blame the man for anything that happened before January 20th, 2009, or for policies instituted by the previous administration that, unfortunately, are like sh*t in a deep pile carpet. The smell is going to be there for awhile no matter how much it is scrubbed.
The person I was answering was under the mistaken impression that when a president is elected he instantly is responsible for all that happens in office before he actually becomes president... a difference that should have been learned in 2nd grade civics. Anything that happened after the 20th over which he had control is on him.

BTW, the only people who use the word "messiah" when referring to the current president are usually moron republicans, mental defectives, and people with the common sense and intellectual capacity of small rodents. Where do you fit in?

/I may have to apologize to the mental defectives
//it's not usually their fault
 
2013-09-17 04:34:29 PM  

Nutsac_Jim: Kittypie070: Nutsac_Jim: Kittypie070: Nutsac_Jim: If your local economy tanks, how much is it to get rent somewhere else? $0.

Wow.

Really? How?

I'd sure like to pay $0 rent.

I didnt say rent was free.   It costs you $0 to choose to get a different landlord.

vs the cost of selling a house in order to buy a house elsewhere, you know.. so you do not 'throw rent down the drain'.

It does?

So yay, I never ever need to pay a security deposit ever again, huh?

And it doesn't cost even a nickel to rent a truck to move my stuff?

Do you get your security deposit back when you leave?    You do?   But But But.

Let me know of the magic moving company that moves all your shiat for free, simply because you had a mortgage.


I am fairly sure you wouldn't get your security deposit back if you have to break your lease at the drop of a hat so you can move to where all the jobs are.
 
2013-09-17 04:39:04 PM  

EWreckedSean: Let's be honest, this country was created to protect the rights of local, wealthy white land owners.


Well, yeah.  But when it was created, that's pretty much all there were.  Europe and all.  And some rather uppity red people with funny customs.
 
2013-09-17 04:42:20 PM  

bunner: EWreckedSean: Let's be honest, this country was created to protect the rights of local, wealthy white land owners.

Well, yeah.  But when it was created, that's pretty much all there were.  Europe and all.  And some rather uppity red people with funny customs.


Actually most people were poor and not land owners. And I left out men.
 
2013-09-17 04:43:45 PM  

EWreckedSean: bunner: EWreckedSean: Let's be honest, this country was created to protect the rights of local, wealthy white land owners.

Well, yeah.  But when it was created, that's pretty much all there were.  Europe and all.  And some rather uppity red people with funny customs.

Actually most people were poor and not land owners. And I left out men.


And Protestant in most places. Catholics and Jews certainly weren't given voting rights.
 
2013-09-17 04:44:31 PM  

EWreckedSean: The truth is most people can successfully empty a garbage can or scrub a toilet, most can't run a successful company. It doesn't matter how shiny those toilets get, it's not going to produce enough value to afford you the salary to have three mansions


True.  But, if the VP manages to produce "value" by fistf*cking the entire janitorial staff over the sink by slashing their wages and firing half of them, he still gets the mansion.  And no value was created.  They just picked the pockets of the serfs.  Picking the pockets of the serfs is a source of a lot of the "value" that's created, it seems.  If it was really all just a matter of who created the most value by honest means, we wouldn't be having this discussion and this article wouldn't have been published.
 
2013-09-17 04:45:30 PM  

EWreckedSean: Actually most people were poor and not land owners. And I left out men.


When they got here, no.  Fences and pieces of paper.  The white man's civilization template.
 
2013-09-17 04:46:16 PM  

Shadow Blasko: I wish I could simply post this as a reply to at least 100 people in this thread, but I am going to post it here. ....GE isn't gonna fix it. They ...


Clearly, your family isn't bootstrappy enough.

But seriously, the post-WW2 economy in the U.S. (up until about the mid-1970s) was a fluke. The rest of the world was in a shambles because of the war and the biggest countries (China, USSR and India) spent about 20 years farking around with stupid politics, hamstringing their economies to the extent that they were not serious competition for us (I hope somebody in the U.S. government had enough of a sense of humor to send the Soviets and the leaders in China and India a thank you note for that). Manufacturing (that hadn't yet moved overseas) needed lots of warm bodies, so labor here had bargaining power. And all those Boomers were buying houses and cars and appliances and college educations, so there was a large part of the market for all the stuff we were building and manufacturing, leading to biatchin' pay and benefits for people who didn't have college degrees.

All that's changed. And I doubt it's going to change back. The corporations only granted labor the benefits they did because they felt they had to. They never felt loyalty. Not to workers, anyway. And now the Boomers, who were assets in the fat years, are old, sick liabilities.
 
2013-09-17 04:51:11 PM  

bunner: EWreckedSean: The truth is most people can successfully empty a garbage can or scrub a toilet, most can't run a successful company. It doesn't matter how shiny those toilets get, it's not going to produce enough value to afford you the salary to have three mansions

True.  But, if the VP manages to produce "value" by fistf*cking the entire janitorial staff over the sink by slashing their wages and firing half of them, he still gets the mansion.  And no value was created.  They just picked the pockets of the serfs.  Picking the pockets of the serfs is a source of a lot of the "value" that's created, it seems.  If it was really all just a matter of who created the most value by honest means, we wouldn't be having this discussion and this article wouldn't have been published.


General most companies don't have a VP whose job it is to keep the janitorial staff costs down. And honest is a loaded word. Managing employment costs is an important aspect to keeping a company in business, and those that fail to do it often don't last. Like it or not you have to treat people in business often like a corporate asset. They have costs, they have value, and that has to be measured against the bottom line. And sure there are some individuals in this country who get disgusting bonuses, but it is hardly the majority of people. Average VP packages in this country range around $150,000 a year range or so, not $1,500,000. It's a decent living but hardly disgusting.
 
2013-09-17 04:56:38 PM  

Smelly Pirate Hooker: Shadow Blasko: I wish I could simply post this as a reply to at least 100 people in this thread, but I am going to post it here. ....GE isn't gonna fix it. They ...

Clearly, your family isn't bootstrappy enough.

But seriously, the post-WW2 economy in the U.S. (up until about the mid-1970s) was a fluke. The rest of the world was in a shambles because of the war and the biggest countries (China, USSR and India) spent about 20 years farking around with stupid politics, hamstringing their economies to the extent that they were not serious competition for us (I hope somebody in the U.S. government had enough of a sense of humor to send the Soviets and the leaders in China and India a thank you note for that). Manufacturing (that hadn't yet moved overseas) needed lots of warm bodies, so labor here had bargaining power. And all those Boomers were buying houses and cars and appliances and college educations, so there was a large part of the market for all the stuff we were building and manufacturing, leading to biatchin' pay and benefits for people who didn't have college degrees.

All that's changed. And I doubt it's going to change back. The corporations only granted labor the benefits they did because they felt they had to. They never felt loyalty. Not to workers, anyway. And now the Boomers, who were assets in the fat years, are old, sick liabilities.


I know it's not, but I just can't wrap my head around how it became legal for companies to say "Nope, we can't pay our pensions.. so we're not gonna" and just walk away from a contract, while continuing to be a MASSIVE company with massive assets and huge amounts of cash they can hide with creative book keeping.

If I did that, I would go to jail.

The banks that did it got MONEY for screwing up, and the people that run those banks.. they didn't lose everything... did they? Why not?

Because citizens can't afford the legal system that was supposed to protect US.
 
2013-09-17 05:04:18 PM  

EWreckedSean: General most companies don't have a VP whose job it is to keep the janitorial staff costs down.


Pick a staff.  Any staff.

And honest is a loaded word.

No.  It's not.  It's mud simple.

I get it.  You know, me no know.   You get it, me no get it.  Got it.

And as far as VPs only making 150k a year, well shouldn't they be getting bootstrappy?  I mean, so far, all I can gather is that you're either a VP of something or have a need to shill for VPs.  No idea why, but I got no pony in that race.
 
2013-09-17 05:07:55 PM  

Boudyro: Lady J: regardless of libs vs cons; whatever (all boring)

what's to be done? you can't march into people's houses and take wealth

Why not? The megawealthy are gaming the system and have no problem taking wealth. Nothing wrong with crashing the economy, forcing people out of work, then seizing people's homes when they can't pay the mortgage. All, I might add, while using their victims' tax dollars to insulate themselves from any losses or risk.

The only difference is they do it "legally" by buying the people who make the laws. The real tragedy is that we have the usual Fark shills in this thread who are being forced to bend over and squeal like a pig just like the rest of us. The difference is they like it and squeal for more.


really this. i cant believe how many of you morans defend this. if you are not the 1%, you are getting farked. there are no 1%ers commenting here i'm sure, so some of you are greasing up yourselves, and are enjoying getting farked over, willing, and defending it. sickos
 
2013-09-17 05:14:34 PM  

Shadow Blasko: Smelly Pirate Hooker: Shadow Blasko: I wish I could simply post this as a reply to at least 100 people in this thread, but I am going to post it here. ....GE isn't gonna fix it. They ...

Clearly, your family isn't bootstrappy enough.

But seriously, the post-WW2 economy in the U.S. (up until about the mid-1970s) was a fluke. The rest of the world was in a shambles because of the war and the biggest countries (China, USSR and India) spent about 20 years farking around with stupid politics, hamstringing their economies to the extent that they were not serious competition for us (I hope somebody in the U.S. government had enough of a sense of humor to send the Soviets and the leaders in China and India a thank you note for that). Manufacturing (that hadn't yet moved overseas) needed lots of warm bodies, so labor here had bargaining power. And all those Boomers were buying houses and cars and appliances and college educations, so there was a large part of the market for all the stuff we were building and manufacturing, leading to biatchin' pay and benefits for people who didn't have college degrees.

All that's changed. And I doubt it's going to change back. The corporations only granted labor the benefits they did because they felt they had to. They never felt loyalty. Not to workers, anyway. And now the Boomers, who were assets in the fat years, are old, sick liabilities.

I know it's not, but I just can't wrap my head around how it became legal for companies to say "Nope, we can't pay our pensions.. so we're not gonna" and just walk away from a contract, while continuing to be a MASSIVE company with massive assets and huge amounts of cash they can hide with creative book keeping.

If I did that, I would go to jail.

The banks that did it got MONEY for screwing up, and the people that run those banks.. they didn't lose everything... did they? Why not?

Because citizens can't afford the legal system that was supposed to protect US.


Because companies write the laws. Forget all that "How a bill becomes a law" bullshiat from Schoolhouse Rock. How a bill becomes a law looks more like a gang rape in a tiny room at the back of a saloon than what they let us see publicly.

Rich people have always been in charge here. I don't even care about that so much as long as the rest of us don't get screwed too much. But the financial bullshiat that's happened in recent history, coupled with the "the 47% are a bunch of lazy assholes who contribute nothing whatsoever to society" crap from a bunch of dickweeds who drive past the rest of us like we're the dumb animals in a safari - yeah, that shiat makes me mad. And I'm employed. And not in significant debt. And I have a college degree.

So I can't imagine how mad people who've really been screwed are.
 
2013-09-17 05:15:00 PM  
Print the money.  Make it the only access point to anything necessary to live.  Turn it into a pile of debt by using it to leverage wealth that it doesn't actually cover the cost of and then the people forced to use it carry your debt for you.  Privatize profits.  Rig the game so that those profits aren't taxed.  Does anybody here not actually get that, yet?  A bunch of cats got together and finally shoved a central bank that controls currency and it's inflation and deflation "value" up our butts and then used the IOUs to play supermarket sweep.  And now the shelves are bare.  The scam payed.  Grab a broom and sweep up their mess cause it's the only work left.
 
2013-09-17 05:18:58 PM  

Nutsac_Jim: Madbassist1: Nutsac_Jim: You shut your whore mouth.

You have no right to call me a whore. How would you know what a whore is? I don't see you paying for a woman to have dinner with you, you certainly wouldnt pay a woman to fark you.

Also, telling someone to "shut their whore mouth" on FARK is somewhat of a term of endearment. A kind of "I disagree with you, but it's all good."

I feel no camaraderie with you. I do not like you. I think you have a basic understanding of economic concepts, and think it entitles you to pass sweeping judgements. You also think your experiences should apply to everyone else regardless of their circumstances, and that how you see things is the same way everyone else sees them. This behavior is pretty typical of a 16-18 yr old teenager. Most people grow out of that, you clearly did not.

Disagree with me all you want, call me names if you will. I don't mind, you aint got nothin on me, Mr. Paul. But do not address me with anything approximating a term of endearment, you cocksucker.

You are right.   I make wild assertions and think that because 2 + 2 = 4 in my little world, that it applies to other worlds too.

It isn't magic.
It isn't "Well I got by without insurance in my 20's so everyone else  can too.    It was if you pay cash for shiat, the banker cant take it from you.
It applies to all worlds.

If people want to lease a car and get a mortgage so they can 'have their cake sooner' then more power to them.  They are gambling.
No amount of crying about evil bankers changes that.

Now shut your whore mouth for making an assumption that I paid cash for residence and then calling me a liar about it.


In the midst of standing on your soapbox and proclaiming how perfect your plan is, and how well it's gone so far pray consider the possibility that not everyone will happen upon the same circumstances as you. Imagine that the times when opportunity went well for you go the other way for someone else. Stretch your mind for the concept of "there but for the grace of God go I" when someone tells you that the breaks *didn't* fall for them like they have for you. Imagine if you will how random chance handing another person a shiat sandwich may *not* be the result of being an idiot who can't manage the simple task of handling their money.

Nevermind. It was a silly request. I don't want you to strain something.

\MOAR BOOTSTRAPS
 
2013-09-17 05:19:16 PM  
We're not plotting to overthrow the royals.  We're waving at the ass end of their getaway car.  And unless we want to race the monkeys to the airport, I suggest we strap in.
 
2013-09-17 05:37:20 PM  

Smelly Pirate Hooker: Shadow Blasko: Smelly Pirate Hooker: Shadow Blasko: I wish I could simply post this as a reply to at least 100 people in this thread, but I am going to post it here. ....GE isn't gonna fix it. They ...

Clearly, your family isn't bootstrappy enough.

But seriously, the post-WW2 economy in the U.S. (up until about the mid-1970s) was a fluke. The rest of the world was in a shambles because of the war and the biggest countries (China, USSR and India) spent about 20 years farking around with stupid politics, hamstringing their economies to the extent that they were not serious competition for us (I hope somebody in the U.S. government had enough of a sense of humor to send the Soviets and the leaders in China and India a thank you note for that). Manufacturing (that hadn't yet moved overseas) needed lots of warm bodies, so labor here had bargaining power. And all those Boomers were buying houses and cars and appliances and college educations, so there was a large part of the market for all the stuff we were building and manufacturing, leading to biatchin' pay and benefits for people who didn't have college degrees.

All that's changed. And I doubt it's going to change back. The corporations only granted labor the benefits they did because they felt they had to. They never felt loyalty. Not to workers, anyway. And now the Boomers, who were assets in the fat years, are old, sick liabilities.

I know it's not, but I just can't wrap my head around how it became legal for companies to say "Nope, we can't pay our pensions.. so we're not gonna" and just walk away from a contract, while continuing to be a MASSIVE company with massive assets and huge amounts of cash they can hide with creative book keeping.

If I did that, I would go to jail.

The banks that did it got MONEY for screwing up, and the people that run those banks.. they didn't lose everything... did they? Why not?

Because citizens can't afford the legal system that was supposed to protect US.

Because companies wr ...


same here. we cant escape the trap with the rules they made to make it.
 
2013-09-17 05:40:53 PM  

some_beer_drinker: same here. we cant escape the trap with the rules they made to make it.


And that, folks, is point, set, match.
 
2013-09-17 05:51:09 PM  

rewind2846: BTW, the only people who use the word "messiah" when referring to the current president are usually moron republicans, mental defectives, and people with the common sense and intellectual capacity of small rodents. Where do you fit in?


rofl.

you are too cute.

/ try not to use words like "only", it makes it really easy to prove you wrong, although given how stupid your post was I'm guessing it's not that hard to do even when you aren't speaking in absolutes
 
2013-09-17 05:55:17 PM  

Ricardo Klement: Slaves2Darkness: Not unless we raise inflation to 5-8%. The problem right now is that firms and individuals are sitting on mountains, oceans, a veritable dragon's hoard of cash, because with inflation this low the opportunity cost of holding cash is less than the opportunity cost of spending it on capital or land.

No.

They're not stuffing that money into mattresses.


Yes they are, just look at Apples balance sheet what do they have on hand, it is projected to be 156 billion dollars.
 
2013-09-17 05:56:34 PM  

Headso: Carousel Beast: doublesecretprobation: Neighborhood Watch: I've never understood why liberals are so obsessed with other peoples' money (and/or private property, in general).

because we're not willfully ignorant of history?

Really? How well has forced wealth redistribution worked since the Great October Socialist Revolution?

99.6% of "poor" people own a refrigerator, so it's working pretty good.


I think their landlords would disagree who owns that frig.
 
2013-09-17 05:58:23 PM  

Headso: Ricardo Klement: Slaves2Darkness: Not unless we raise inflation to 5-8%. The problem right now is that firms and individuals are sitting on mountains, oceans, a veritable dragon's hoard of cash, because with inflation this low the opportunity cost of holding cash is less than the opportunity cost of spending it on capital or land.

No.

They're not stuffing that money into mattresses.

it's being invested out of the country in emerging markets, the middle class subsidizes their profits and they take those profits and invest them in developing markets and tax shelters.


No it is not.

The top  five as of 2012 were

Apple 156 billion cash on hand
Microsoft 51 billion cash on hand
Google 43 billion cash on hand
Pfizer  35.25 billion cash on hand.

They are not investing it that cash is sitting there doing nothing. Why else do you think vulture capitalist bought, looted, and pillaged Hostess?
 
2013-09-17 05:59:22 PM  

Slaves2Darkness: Ricardo Klement: Slaves2Darkness: Not unless we raise inflation to 5-8%. The problem right now is that firms and individuals are sitting on mountains, oceans, a veritable dragon's hoard of cash, because with inflation this low the opportunity cost of holding cash is less than the opportunity cost of spending it on capital or land.

No.

They're not stuffing that money into mattresses.

Yes they are, just look at Apples balance sheet what do they have on hand, it is projected to be 156 billion dollars.


And Apple is not stuffing that into a giant mattress somewhere. Aside from some petty cash, I'm betting they're putting it into some kind of financial institution.
 
2013-09-17 06:01:44 PM  
Having read only the first page, the usual suspects showed and once again accused liberals of simply being jealous of rich people. What you dolts understand is that it's not about personal envy (though I wouldn't mind driving a Porsche), but about how unhealthy society becomes once wealth disparity hits levels like this. Instead of seeing the big picture, the 1% white knighters use the opportunity to accuse the poor of having made bad life decisions, or the middle class for not working hard enough. Furthermore, that same 1% gains more control over the government year by year in order to maintain their status, which is too often at the expense of "regular" people.

If you can't understand why this concerns so many people, it's doubtful you understand anything about how a .0stable society works long-term.
 
2013-09-17 06:03:21 PM  
"Don't" understand
 
2013-09-17 06:04:04 PM  
Remember how we all secretly cheered for Gordon Gecko and smirked along with him as he laid out all those "hard truths" that make a winner a winner?

content7.flixster.com

Ah, ha ha.  Ever get the feeling you've been cheated.

Movies like that were the white man's gangster rap.

"He's just saying how it is in the hood and he lost in the end!"  Cause, yeah... real life is like the movies.
 
2013-09-17 06:05:07 PM  

Ricardo Klement: Aside from some petty cash, I'm betting they're putting it into some kind of financial institution.


Where it is no doubt safely sitting.
 
2013-09-17 06:10:08 PM  
Obscene profits are when you make enough off of your product or service and stock to make every man jack of your staff amazingly comfortable forever and shove the other ~n billions up your ass instead of putting the money back into play in the economy.  Which is sort of pathetic, because that's about all it's good for.  Moving around.  Actual mattress?  Sure isn't.  Same difference?  Sure is.
 
2013-09-17 06:20:11 PM  

stir22: Nutsac_Jim: stir22: Jobs that used to pay a living wage just dont anymore. I know and love people who make 8.50 an hour and are supposed to make ends meet on that. Food, shelter, gas insurance, etc. Couple that with t ...

EXACTLY.  you are much more eloquent than am i.   well-said.


If they chose to not stay in school and learn some knowledge, and also chose to not learn a marketable trade, then they deserve 8.50 an hour.

If you go out whoring at night and never use protection, then you deserve to get herpes.  That is the logical result of your action.

ummmm.......i know a WHOLE LOT of college grads delivering pizzas and doing other such jobs.......and no, not just ones with liberal arts degrees.


Pizza delivery used to be decent job to pay for college.  But then the price of fuel doubled (as did tuition), the restaurant compensation for your car expenses halved and after the last minimum wage increase, they figured out how to pay LESS because tipped employees don't qualify for full minimum wage in most states.

Yes, if they increase the minimum wage there will be less jobs.  One because they'll stop overstaffing just because labor is cheap.  Two, wannabe millionaire franchisees with gimmick restaurants dropped every 30 miles will have to rely on quality product to expand and make money rather than lean on the fact that labor only costs 15%.  Three, the employees getting a better minimum wage won't have to rely on as many hours at other jobs to get the basics.  Lastly, the people in jobs just outside minimum wage will stop getting ripped off on their labor too and see some increases as their wages are equivalent to minimum wage of the 70's.
 
2013-09-17 06:29:50 PM  

TiMthisIS: Yes, if they increase the minimum wage there will be less jobs.  One because they'll stop overstaffing just because labor is cheap.  Two, wannabe millionaire franchisees with gimmick restaurants dropped every 30 miles will have to rely on quality product to expand and make money rather than lean on the fact that labor only costs 15%.  Three, the employees getting a better minimum wage won't have to rely on as many hours at other jobs to get the basics.  Lastly, the people in jobs just outside minimum wage will stop getting ripped off on their labor too and see some increases as their wages are equivalent to minimum wage of the 70's.


Before I click the Smart button, I just want to get this out of the way.

"Obamuniss, soshliss, musslim, com'niss, hippy, lazy, anti merrkin, OWS, marxist sumb*tch, nahn wun wun!1!  Traiter!1!1!

There.

That should cover the Job Creator™ cheerleaders rant.
 
2013-09-17 06:49:01 PM  

Smelly Pirate Hooker: So I can't imagine how mad people who've really been screwed are.


Don't worry, the new marijuana easing will fix all that.
 
2013-09-17 06:49:09 PM  

bunner: Ricardo Klement: Aside from some petty cash, I'm betting they're putting it into some kind of financial institution.

Where it is no doubt safely sitting being invested in other companies and loaned out to people to buy homes, cars, and start new businesses that employ people.

 
2013-09-17 07:14:32 PM  

leevis: Where it is no doubt safely sitting being invested in other companies and loaned out to people to buy homes, cars, and start new businesses that employ people that will eventually be acquired, closed and disposed of into the coffers of one of the subsidiaries that created them.

 
2013-09-17 07:27:32 PM  
This makes me so angry I could sit aimlessly in a park for a month or so then go home and forget about the whole thing.
 
2013-09-17 07:30:35 PM  
You're in luck.  There's lots of tear gas, tasers and riot batons left from 2012.
 
2013-09-17 07:44:49 PM  
In light of the huge amount of gravitas and credibility afforded to economics theories, for example; trickle down, I have come up with one of my own.  I call it the Bunne Rabb Greater Motherf*cker Theory of Economics.  "If you give anybody anything of any value whatsoever, they tend to keep it."  You can send the Nobel to my home address.
 
2013-09-17 08:46:52 PM  

bunner: Ricardo Klement: Aside from some petty cash, I'm betting they're putting it into some kind of financial institution.

Where it is no doubt safely sitting.


How very generous of the financial institution. Not only is it losing interest on the money to the tune of over $3b a year, but they're actually paying interest to Apple on top of that.

I didn't know banks were so willing to take that hit for us at no profit to themselves whatsoever.
 
2013-09-17 08:48:20 PM  

bunner: leevis: Where it is no doubt safely sitting being invested in other companies and loaned out to people to buy homes, cars, and start new businesses that employ people that will eventually be acquired, closed and disposed of into the coffers of one of the subsidiaries that created them.


Gee - that sounds a lot like economic activity to me. I guess it ain't just sitting there outside the economy after all!

/That SHOULD put that myth to rest, but people will believe what they want to believe.
 
2013-09-17 09:07:45 PM  

Ricardo Klement: Gee - that sounds a lot like economic activity to me.


It is.

So's this.

us.123rf.com

And this.

www.backpocketcoo.com

And this

wpblogger.com

Any of this sinking in yet?

Cause the banksters you're carrying water for aren't recording your IP so they can offer you that board member job any time soon.
 
2013-09-17 09:16:53 PM  

bunner: In light of the huge amount of gravitas and credibility afforded to economics theories, for example; trickle down, I have come up with one of my own.  I call it the Bunne Rabb Greater Motherf*cker Theory of Economics.  "If you give anybody anything of any value whatsoever, they tend to keep it."  You can send the Nobel to my home address.


I should cast an inaccurate replica outta plaster or sumpin and mail it to ya.
 
2013-09-17 09:21:44 PM  

Kittypie070: bunner: In light of the huge amount of gravitas and credibility afforded to economics theories, for example; trickle down, I have come up with one of my own.  I call it the Bunne Rabb Greater Motherf*cker Theory of Economics.  "If you give anybody anything of any value whatsoever, they tend to keep it."  You can send the Nobel to my home address.

I should cast an inaccurate replica outta plaster or sumpin and mail it to ya.


Put one of those lipstick smoochies on it and scribble "Kitty approved" on it and I'll send more sandwiches.  :  )
 
2013-09-17 09:23:42 PM  
LAWS A MERCY :D
 
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