Do we really have to get into corp. law and taxation? Depends on the company, profit margin, etc. There should be a mandated (severe) income penalty for CEOs who's companies lose jobs while posting profits. How about that for starters? Trying to get me to write corperate tax code right here right now isn't practical. I'm saying there should be a line, or at least a gradient.AZhitman wrote:1) OK, who draws that line? You? What's a "big business"? Let's hear your idea, because my "contractor" example might surprise you.
I've already said that no one 'took no handouts'. Everyone gets stuff from the government. Just because it's not a check doesn't mean it wasn't there. Give me a semi-brief history and I'll be glad to point out all the places where he got help from the government paid for by taxes.AZhitman wrote:2) Interestingly, I come from a family that did just that. My dad was a HS dropout and now lives in a gated community and has no bills. Hard work and self-sacrifice, no handouts.
Yes, it doesn't happen that much. More often, CEOs get massive bonuses for laying off thousands of people, while posting record profits, because, hey, now their making MOAR munyz. The Board is happy, why would they care?Completely unethical, and in the long run, detrimental to the company.AZhitman wrote:3) Overdramatized rare occurrence. Most wind up broke or bankrupt. If you don't like it, get on the Board of Directors.
That's not to say my first example doesn't happen at least some, and when it does, it so far oversteps the lines of decency that it should warrent a felony.
Yes, actually. The NFL employs tens if not hundreds of thousands of people. Everything from apparel manufacture (my friend works at a T-shirt printing company, and always cheers for 'local' teams (Colts, Tigs, etc.) because it means if they go to a championship, he gets lots of overtime.) to security, to hosts, to vendors, etc. The Dolphins attendance has been lower in recent years cause they sucked. Bringing in talented players improves their play, brings in more people, and creates more jobs.AZhitman wrote:4) "exchanging 50 years of wear and tear on their bodies in 10 for it"... Who's to say the CEO isn't shortening his lifespan significantly through late hours and high stress?
"That's a bit much, but at least he's producing something for it." Really? What doe she produce? Is he creating jobs? Generating economic stimulus?
I certainly did. I stopped accepting money from my parents long ago, which is why I'm taking a break from college and enlisting for a few years. To pay for the rest of college.AZhitman wrote:Makes me wonder how many 20-somethings are still accepting $ from their parents in the form of car insurance, rent, room and board, laundry, utilities, tuition, etc...
They sure don't gripe and moan about that, especially if Mom and Dad keep forking it over.
A laughable claim, Childs. Truely laughable.AZhitman wrote:Your theories are falling apart like wet toilet paper, my good friend.
Who said that paying taxes is selling your liberty? Honestly, peopletry look at this way too black and white. It's all gray, I'm just saying it should stray more toward government taxation and assistance to those who need it.AZhitman wrote:Selling one's liberty, independence, and self-sufficiency is indentured servitude (or slavery).
I'd rather be broke and free than comfortable and bound.
By the way, the government doesn't have more money than we do. I'm certainly not trillions of dollars in debt.
I said the government has more clout, not money. Having $2.5 Trillion/year does that. As for the debt, I agree it creates problems, but the U.S. government isn't about to default on it's loans anytime soon, and I've been reading Ken Fisher recently, and not paying down the debt has some serious advantages, actually.