OP
pknox
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Sweet.
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Originally posted by Ender
Liberals try to make a boogyman out of business and really, most businesses make about 3% profit annually. They sit down with their spreadsheets, make rational decisions and how in increase stakeholder wealth. Stakes holders are stock owners, managers, employees, and customers. yes customers because the aim of business is to add value for the customer or perish. also, 3 out of 5 people now have their 401k's in the stock market, so their retirements depend on business doing well.
I laugh when people start to complain about insurance companies because most people don't know that they provide most of the money for major infrastructure projects, like ROADS, FREEWAYS, HOSPITALS. They loan the money to state governements who in turn build these projects. In calif we now have to pay huge interest rates because of our junk bond credit rating. These increase costs make the 70 million used for the recall look like chump change. is that the insurance companie's fault?..no..it's the governments'.
Originally posted by Ender
And you are also leaving out some important facts. first market forces determine wages as it should. the more skills and/or knowledge a worker has the more valuable he will be. A fork lift driver should not be paid the same as a doctor for instance. The doctor has invested alot of time, money, and training where a forklift driver has not. the same goes for electricians, carpenters, etc. they are paid more in different sectors because they are worth more.
no one should be GIVEN a living wage. we are all responsible for rewards on our own merits. many times people will just skate by in school, drop out to have a boat load of kids, or simply do nothing to further themselves. I see no reason to provide them with a living and rewarding poor choices and bad behavior. I also have no problem with owners of companies reaping big rewards because many of them risked everything they had to create a business. they put up their homes and bank accounts as collateral. so if they hit it big, i say good for them.
next, buying up one's own stock does not tranlate into a higher stock price. it only lowers the debt the company has. a stock price is only a price that investors will pay in HOPES that the stock price will go up or will pay dividends. even then, it does nothing to benefit management unless they have stock in the company and SELL their stock. the worker and management only benefit by having a stable company and when growth occurs, can have incresaes in wages. remember that most businesses only yield about 3% profit.
the insurance companies do not make huge profits as many suppose. if they did everyone would just invest in these insuance companies. the point i was making is that without the insurance companies, capital would not be available to municipalities to undertake these projects.
now, for taxes. the top 3% pay about 40% of ALL taxes. the top 50% pay 95% of the tax bill (the rich). you can look at the tax tables if you like. the poor (under around $25K) pay NO federal taxes. so you are considered rich if you make over $36k a year. But putting that aside, for every $25k a person earns, that puts 4 people to work. the more income people receive, the more jobs are created.
and to refute the argument that what the rich spend are miniscule in the economy is flat out wrong. the economy is driven by cash, plain and simple. The more cash that flows in the ecomoy the better. no matter who spends it. but, there are 3 components to the cash in the economy. 45% consumers, 35% business, and the rest is the government. So you see the government can only do a small bit to help the economy with "Tax dollars" couple that with the fact that the US government is only around 60% efficient, we can see that almost half the money from tax dollars are wasted. So the best tactic is to put the money in the hands of the the consumers and business. tax cuts do just that. in fact, many very prominent economists credit the tax cut for softening the blow of the recession. if fact many are calling it a maqrket adjustment and slowdown and not a real recession. You can look at "the economist", forbes, money magazine etc.
Laizze Faire went out with the horse and buggy. No one subscribes to that theory anymore. Business today recognizes that government needs to be involved but in a very limited capacity. one very good example is the pharmaceutical industry. It does not make good business sense to spend huge amounts of time and money on diseaes that are rare. That should be the role of government, to fill in the gaps and regulate when NEEDED. the problem is government over regulates and chokes off risk and innovation.
Originally posted by arnisador
When is he taking over?
SACRAMENTO, CAPolitical observers are struggling to understand exactly how, on Oct. 7, Arnold Schwarzenegger, an Austrian-born, movie-star muscleman with no political experience, was elected to govern the state of California, the world's fifth-largest economic region.