(May 19, 2020 at 12:54 pm)BrianSoddingBoru4 Wrote:(May 19, 2020 at 12:49 pm)Brian37 Wrote: OH MY THOR!
YES it is about stock buybacks. You keep missing the point Nick said what I was saying, DECADES OF MISMANAGEMENT!
Start with Reagan. He put policies in place that put the rich class before workers. And I can tell you election cycle after election cycle, midterm and Presidential, for the past 40 years corporate America has won in congress and SCOTUS 99.999999999 Percent of the time. That CLIMATE set up the environment to allow the buybacks that Nick rightfully objects to. The article even points out these tactics by Wall Street CEOs didn't exist and were Illegal prior to Reagan.
Tax law matters. If you constantly favor the rich and powerful, they will create conditions that lead to the buybacks. Not having to pay taxes, and advocating deregulation leads to conditions that got us to this point.
This isn't brain surgery. Why did the former WWF get away with lying about calling themselves a real sport? Because they had enough sucker viewers who believed it was a real sport. So when the WWF had to face the fact they were not a real sport, they changed their name to WWE. It is just like knowing Jerry Springer isn't interested in solving problems.
My point is, and Nick is trying to make, and has been making long before Cuban put his bad idea out, you cant simply fake your way or consume your way to success. AND THAT is what a buyback program is. It is simply sucking money up to the top.
But corporate greed and malfeasance aren’t remotely the same as tax breaks. One is internal, the other is external.
I’m thorry you’re thor. Wrap it tightly and keep it elevated. It thould feel better in jutht a few dayth.
Boru
Yes they are? Are you kidding me?
Between billionaires and millionaires and the middle and working class, who is more capable of influencing government if they have more money? Paying less in taxes means you have more money. If you are greedy, you will spend that money to lobby the government to benefit you.
So if a dishwasher gets a tax break, they have the same power as Jeff Bezos?
It is connected and it is as simple as money equals power.
