It's the government that's creating that atmosphere dumbass. How would you like it if you were the 1% and the government was taxing you do much that the only logical way to survive and make a profit wad move your business somewhere else.
It's okay i understand your feelings
-Sent from my phone.
haha, ownage of OWS morons.
him "I employ 150 people, how many people do you employ?"....OWS idiot: <chirp chirp>
him: "What is a fair rate for me to pay?"... OWS idiot: "get rid of Bush cuts for the wealthy derp derp".
Funny to watch those fools.
So Once I earn the money, I should give back what's left over after a few years?ownage not found...
hes talking about "working for free" to people who will never make the kind of money hes talking about...
hes got the rich sense of entitlement that says once I've got it , I deserve it forever.... *Snip*
Problem is not that they make money or pay less taxes, they problem is they employ more people in India and China than they employ here....
OWS people should protest to stop outsourcing outside US altogether. If they did that they would have received much more support and something good might have come out of all this.
It wouldn't work. If you prohibited outsourcing, then more automation would be used instead. If you prohibited automation, then the company would lose money and eventually be forced out of business by overseas firms with a competitive advantage. If you put huge tariffs in place to keep out these companies, the nation would be less wealthy overall (see economic theory of Competitive Advantage) and the extra costs to buy domestic goods would mean less total goods being consumed and some other worker losing their job.
Short version is that money always seeks the highest utility for itself, and if work of similar quality can be done at a lower cost, it should and will be.
It wouldn't work. If you prohibited outsourcing, then more automation would be used instead. If you prohibited automation, then the company would lose money and eventually be forced out of business by overseas firms with a competitive advantage. If you put huge tariffs in place to keep out these companies, the nation would be less wealthy overall (see economic theory of Competitive Advantage) and the extra costs to buy domestic goods would mean less total goods being consumed and some other worker losing their job.
Short version is that money always seeks the highest utility for itself, and if work of similar quality can be done at a lower cost, it should and will be.
Might as well surrender to China then.
I agree the problem is with the CEOs and the top 1% but people and specially the OWS jackasses are focusing at the wrong problem. Problem is not that they make money or pay less taxes, they problem is they employ more people in India and China than they employ here. Not this guy in particular but the CEO in coalition with corrupt politicians and Chinese govt which bribes them, export jobs to India and China as if there's no tomorrow.
I agree the is a labor problem in US, but if the govt stops feeding and sheltering the lazys maybe people will actually try to get jobs and there will be no labor problem.
OWS people should protest to stop outsourcing outside US altogether. If they did that they would have received much more support and something good might have come out of all this.
If we just fixed money in politics our system would fix everything else.
Our politicians create laws to help the 1% move jobs overseas because they get money from them. its all a shame.
I've cooked 0 books. How many have you cooked?
I've evaded $0 in taxes, how much have you evaded?
I've paid off 0 politicians to game the system in my favor. How many have you paid off?
I've lied about 0% of my effective taxes. How much of it have you lied about in this very video?
I've obfuscated no problems in the economy because I'd like to see them fixed. How much have you obfuscated?
I could go on all day but I see you prefer to watch fools instead so I'll let you get back to doing just that.
Yes, it's always a win when the rich degrade and humiliate the poor and unemployed.
I've cooked 0 books. How many have you cooked?
I've evaded $0 in taxes, how much have you evaded?
I've paid off 0 politicians to game the system in my favor. How many have you paid off?
I've lied about 0% of my effective taxes. How much of it have you lied about in this very video?
I've obfuscated no problems in the economy because I'd like to see them fixed. How much have you obfuscated?
I could go on all day but I see you prefer to watch fools instead so I'll let you get back to doing just that.
China is big government. The repugs know big government doesnt work so they fear nothing
My god, you dont even understand the most basic aspects of our tax code, as is typical of the clueless rabid right. Its called a progressive tax. The top marginal rate is only paid on income that is in that tax bracket. If that 35% bracket starts at $250k, and you make $250,001, you pay 35% on that extra $1 dollar not the full $250,001. Being one of the most vocal and rabid right-wing asshats on P&N, i figured you would know this, but alas...you are simply a representative member of your ilk.
Wow, yeah, that lady got owned hard.
OWS protestors are so damn clueless.
I found a much longer video, he spent an hour and a half talking to them:
http://www.youtube.com/watch?v=ahMGoB01qiA&list=PLFC700C0347CD0B73&index=3&feature=plpp_video
Funny video but I think Adam Carolla's rant was even more hilarious.
It's here: http://www.youtube.com/watch?v=uQpXybTnGVg
The main point that both Schiff and Carolla miss is the dichotomy in ideology between the so-called "1%" and the "99%", represented ignominiously by these OWS protesters.
The fundamental divide is not so much that rich people should pay more taxes because they are so rich. It is that those who earn significantly more than others should pay taxes commensurate to their earnings.
Adam Carolla states, for example, that the top 1% of Californians paid about 50% of taxes last year in the state. That is obviously a very high percentage when you compare the 1% and 50% figures.
That example fails, however, because he is comparing two separate things. For instance, if you were to take the earnings of the top 1% compared to the rest, it is something like 83% (based on data a few years ago) of all revenues earned! If 1 percent of the people earn 83% of the revenues and pay only 50% of the taxes, it is completely lopsided. That is the main point people like Schiff et. al miss.
Of course they are paying a lot more in taxes every year. That is because they earn a lot more than the others. Tax law is based off of what people should need to live comfortably. That is a subjective thing but the OWS type people are looking for parity in earnings vis-a-vis taxation. If we go by what Carolla et. al say, people like John Paulson who paid "only" 15% of their revenues in taxes actually paid about $750 MILLION! So if we should make everyone pay the same amount, people like Paulson would have to pay taxes far less than 1%.
And, it's funny to see random people on the interwebs argue about this as 99.99% of you are not in the 1%!
I think to be in the top 1%, you needed ~$13M in assets (as of 2007). ROFL..