Does American capitalism have any alternatives?

Discussion in 'Economics & Trade' started by Kehau, Sep 1, 2014.

  1. Iriemon

    Iriemon Well-Known Member Past Donor

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    I see. And what if your opinion of "fair share"?

    They could make a big dent in it. But I agree we need to tax more than just the top 100 wealthiest Americans.

    Indirectly. A company not making profits isn't going to be paying wages. And what a company pays in wages affects its profits.

    So when you said "wealthy people are not 'taking' a dime from others" I disagree, because they profits they take are increased when the wages of others are suppressed.

    Many cannot afford it. Thanks again for illustrating the kind of pampered la la land you live in.

    Prove it.
     
  2. OldManOnFire

    OldManOnFire Well-Known Member

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    The fair share is 5% of their income...and if you and your 99% refuse to put up 5% in order to restore the USA to a better position, then what does this tell you about Americans? What it says is Americans demand but are unwilling to pay. Any idiot can see this ideology cannot work.

    In 2014, the aggregate net worth of the richest 400 Americans is $2.29 trillion. Pay attention closely here...if you take all of their homes, businesses, cars, planes, yachts, art, jewelry, investments and cash, you only have enough money to run the current US government for about 200 days! From day 201 onward these 400 Americans have nothing more to offer. Your government's out of control spending is about $10.96 BILLION per day! Now that you have taken all the wealth of these 400 Americans, after day 201 your 99% need to cough up $10.96 BILLION every day.

    Profits do not determine wages? How do you think non-profits determine wages?

    No wages are suppressed? Where do you dream up this stuff? All companies compensate employees to whatever level is necessary to attract and keep qualified employees...period...no conspiracy.

    80 million Americans already directly or indirectly own public stock...it's in their investment portfolios, 401K's, pensions, inheritances, etc. The average stock price on the S&P 500 is about $40 each. ALL Americans can put aside $10/week and buy one share of stock every 4 weeks and after working 40 years they should have about 520 shares of stock at retirement. It's not that your 99% don't have the money...it's that they don't wish to spend their money on the future...
     

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