The US needs a United Labor Party.

Discussion in 'Political Opinions & Beliefs' started by Sackeshi, Oct 21, 2019.

?

Would you support this party.

  1. Economically yes

    1 vote(s)
    11.1%
  2. Economically no

    0 vote(s)
    0.0%
  3. Socially yes

    0 vote(s)
    0.0%
  4. Socially no

    0 vote(s)
    0.0%
  5. Voting yes

    0 vote(s)
    0.0%
  6. Voting no

    0 vote(s)
    0.0%
  7. Yes

    4 vote(s)
    44.4%
  8. No

    4 vote(s)
    44.4%
  1. Sackeshi

    Sackeshi Well-Known Member

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    Um FDR banned them and created the middle class by doing so, and Reagan legalised them and destroyed the middle class.
     
    Last edited: Oct 22, 2019
  2. Lil Mike

    Lil Mike Well-Known Member

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    Eh, doesn't any major purchase or sale of stocks do that?
     
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  3. Thedimon

    Thedimon Well-Known Member

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    If you have a partnership with 3 partners and assuming equal ownership each has a 33.3% share (equity) in the partnership.
    Now, let’s say 2 partners offer a 3rd partner some amount of money for his 33.3%. He sells them his share and walks away. Now, both partners each have 50% ownership of the partnership.
    Nothing illegal or fishy, this scenario happens all the time. Some partners want to retire, others die and their families sell their shares because they don’t know how to meaningfully participate in it, etc, etc.

    Stock buyback is pretty much the same scenario. It’s not market manipulation and there is nothing unethical about it. The only difference is that publicly traded stock represent ownership of the company instead of partnership share. By removing stock from open circulation on the market the remaining shareholders hold higher valued stock, and additional value comes from the repurchased stock the the company holds on the balance sheet.
    Whoever gave you the idea that the stock repurchasing is bad clearly didn’t understand how businesses operate.
     
  4. stone6

    stone6 Well-Known Member Past Donor

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    The Democratic Party is traditionally the party of liberals, labor and minorities. The creation of a separate "united labor party" would probably only split the Democratic vote.
    Note, that the American labor movement developed differently than other global labor movements, which focused more on ideologies than the American movement. Our own labor movement evolved toward the protection of specific trade unions. As a result, they've been less flexible in regard to change than labor movements elsewhere. And, while I agree with you on the need for more diversity of ideas than the current two party system provides, there are other parties...such as the Libertarians and the Greens. Historically, one reason the two party system dominates is that they've both been wise enough to co-op the best ideas of third parties and bring the most popular to their respective bases, onto their own platforms.
    Not to say some of your ideas aren't good ones.
     
  5. 61falcon

    61falcon Well-Known Member

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    Stock buybacks are bad because they artificially give the impression a company is doing well and is highly profitable when in fact they may not be.Companies BORROWING money to engage in buybacks should be illegal.Most U.S. companies used there tax savings from the Dirty Donald tax cuts for the wealthy to buy back their own company stock greatly benefitting those executives that receive company stock as part of their compensation package.
     
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  6. Sackeshi

    Sackeshi Well-Known Member

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    This is completely different, when a company say facebook starts and has 3 people and they become huge getting a say they have made 15B yeah the owners can take their wealth and leave the company giving up their rights as owners of the company taking 5B with them
    When a company sells shares (votes) the value of each share is based on the price people are willing to pay to get that share. This is what they do in stock buybacks. They buy up the stocks that lets say sell $1000 per stock. They pay the shareholders slightly more lets say 1.25K per stock they sell the stock value skyrockets and everyone then jumps in to buy the stocks for a higher price effectively allowing the corporation to manipulate the price of their own stocks. This is a cycle that allows corporations and shareholders to trade back and forth to increase profits without having to expand or raise wages.
     
  7. Sackeshi

    Sackeshi Well-Known Member

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    The vote splitting is why the party would actively recruit non voters, by going door to door and figuring out who is not signed up and registering them, and then getting them to join the United Labor Party. The only message they need to know is that they would be voting for something completely new and for the better of their wallet.

    The method to make sure they all vote would be simple, get where they work, and where they live, go to peoples work places with the law stating they have the right to go and vote, take them to the polling station, those that are at home take them to the polls in busses. basically make them get up off their ass and vote Lol.
     
  8. crank

    crank Well-Known Member

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    Stocks, like anything else we purchase, are always 'caveat emptor'.
     

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