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| -Election 2012 |
| DNC Delegates: Let's Ban Corporate Profits! |
| 2012-09-07 |
| Are you surprised? At the Democratic National Convention, where one speaker after the next swears they love free enterprise, delegates and attendees (maybe some media, who knows?) were asked by Peter Schiff, posing as a anti-corporate activist, if they would support capping or banning corporate profit. Well, there seems to be plenty of enthusiasm for the idea in Charlotte this week -- and not from the fringe. "We deliberately avoided speaking with the occupy protestors camping outside in tents to get a more "mainstream" Democratic perspective," writes Schiff. |
| Posted by:Fred |
| #12 Democrats all the way from Obama down to his economically challenged groupies at the bottom of the liberal food chain, appear endowed with no propensity for grasping even the most basic business or econonic principles. The left is just stunningly ignorant when it comes to fiscal and economic matters. With just one look at the fawning faces of the Obama groupies, it becomes painfully clear that they have bought completely into the socialist myth. They believe that dragging the shining stars of our economy down into the gutter level of the OWS losers would somehow raise our standard of living. They offer no plan to prevent the dire consequences of our entire economy going off the fiscal cliff. Even though I myself often enjoy poking fun at their ineptitude, the sadly serious state of our economy mandates of each and every one of us, that we cannot afford to allow them to continue to have their way in the upcomming election. |
| Posted by: junkiron 2012-09-07 21:00 |
| #11 Main difference: Corporations CREATE JOBS and CREATE WEALTH. Unions do neither and always forget the 1st law of parasites - don't kill the host. |
| Posted by: CrazyFool 2012-09-07 13:15 |
| #10 If corporations -- groups of people voluntarily united for an economic purpose -- are not "people", then unions -- groups of people INvoluntarily united for an economic purpose -- aren't either. And, yes, I'd prefer unions lose their access to the public square before corporations, at least so long as there's a closed shop in existence. |
| Posted by: Rob Crawford 2012-09-07 11:37 |
| #9 Old Joe Stalin would be proud. |
| Posted by: Ebbang Uluque6305 2012-09-07 11:28 |
| #8 Wall Street is NOT the enemy! Statism and excessive gov't are the enemy. Southern Company, Duke Energy, Marathon, AT&T, Ford, and CAT are job creators...NOT the feckless, bloated gov't or the race baiting social justice socialist POLS within the beltway. |
| Posted by: Besoeker 2012-09-07 09:31 |
| #7 Stock holders of a corporation are everyday people.. Well a lot of mutual funds which are the foundation of a lot of pensions for old people. You know the type portrayed by the same clueless tools as having to eat dog food because of their meager income. Given that the Treasury is offering near zero percent on bonds, the mutual funds are about the only source to generate a return for those investments by elderly Americans. With that kind of declaration, the elderly won't even have dog food. The tool's response would probably be 'let them eat cat food!' |
| Posted by: Procopius2k 2012-09-07 09:11 |
| #6 DNC Delgates: Let's Ban Steal Corporate Profits! There, fixed. Corporations are people. Stock holders of a corporation are everyday people who have the opportunity to control the corporation through voting on Directors, who then select officers such as the CEO, etc., who are the best and brightest at a product or service provided by that corporation. (This might be way to complicated for the typical smelly uneducated third world Occupy type.) The everyday people insure that the Directors are creating and reinvesting into products and services that survive fierce open market competition, competition that secure jobs for --- everyday people --- and profits pay that pay dividends to everyday people stock holders, profits for reinvestment in more advanced products and service that will the next wave of innovative products and services, making life even more easier and fun. Plus supposedly enough taxes for the roads, sewer and garbage collection by the government (bureacrats hate thier job!). Deadbeat, dumb*ss bureacrats, unwashed OWS types and sleezy politicians, keep your hands off captialism. That is NOT a request. That is a warning. |
| Posted by: Lampedusa Snomp1565 2012-09-07 08:30 |
| #5 These folks don't understand 'basic reality' as we do, Besoeker. |
| Posted by: Mullah Richard 2012-09-07 08:10 |
| #4 Corporate "taxes" are very similar to electricty, insurance, rent, or employee wages. They are an operting overhead which detracts from profit margins and are simply passed along to the consumer. This is a fairly basic reality of taxes, profits, and econonomics. |
| Posted by: Besoeker 2012-09-07 04:54 |
| #3 There is a very good reason corporation taxes aren't progressive. Companies can hire lawyers and accountants, create new companies move money around so it ends up at the place it attracts least tax. |
| Posted by: phil_b 2012-09-07 03:26 |
| #2 Solyndra? |
| Posted by: g(r)omgoru 2012-09-07 02:05 |
| #1 Yeah! Those evil corporations only working for money! They need to work for the government! Give us your money and work solely for us! Communism rules!! |
| Posted by: DarthVader 2012-09-07 00:09 |