Trueisms

Ronkh

Ronkh

Wax Waster
food_stamps_lesson_big_zpsfitrixmc.jpg
 
its true, the Welfare, Disability, Food Stamps, Housing and Utility Assistance in most countries is completely corrupt. Still hails in comparison to the Billions of dollars that large corporations steal, cover up, and lie about owing each year. its not even close.
 
MooreImpressive said:
its true, the Welfare, Disability, Food Stamps, Housing and Utility Assistance in most countries is completely corrupt. Still hails in comparison to the Billions of dollars that large corporations steal, cover up, and lie about owing each year. its not even close.
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elaborate please
 
The corporate welfare for defense industry is a model of waste in the name of a good cause and jobs.

The real problem is that politics slows or prevents reforms of all these programs (corporate and people welfare). I think this is intentional so each side can keep their base motivated. Most voting motivations is the statement --- "I am not going to let xxxx take away yyyy".
 
MooreImpressive said:
its true, the Welfare, Disability, Food Stamps, Housing and Utility Assistance in most countries is completely corrupt. Still hails in comparison to the Billions of dollars that large corporations steal, cover up, and lie about owing each year. its not even close.
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Ronkh said:
elaborate please
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MooreImpressive said:
Seriously?
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Ronkh said:
yep
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MooreImpressive said:
Google.com
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A non answer? Or can't answer with specifics...?
 
C'mon Ron, you're not seriously trying to suggest that large corporations don't do their share of milking the system? Shall we start with the Cayman Islands addresses, the fact that companies like GE, Verizon, Boeing (frequently) don't pay any corporate income taxes, etc.?

The Sorry State of Corporate Taxes | Citizens for Tax Justice

(I'm no follower or fan of that site, I just googled "large corporations that pay no income tax"; but I originally found out about this situation here: http://www.nytimes.com/2011/03/25/business/economy/25tax.html?_r=0)
 
"don't hate the player, hate the game". until a fair tax plan is developed, people and corporations will use whatever "legal" write-offs they can to keep more of their own money and there are a ton of write-offs if you can wade through the ridiculous amount of irs codes. of course, the politicians who write the codes always win.
 
tropicsteve said:
"don't hate the player, hate the game". until a fair tax plan is developed, people and corporations will use whatever "legal" write-offs they can to keep more of their own money and there are a ton of write-offs if you can wade through the ridiculous amount of irs codes. of course, the politicians who write the codes always win.
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You hit it on the head!!! Almost none of us will volunteer to pay more taxes than we are required. If there is a way for any of us to pay less.....most of us would.

There is a misconception of what a corporation or a company is. It is not a person nor a single entity. Its sole purpose is to generate revenue to ensure its survival and most will stay within the boundaries of what is required by the law.
 
psnt1ol said:
There is a misconception of what a corporation or a company is. It is not a person nor a single entity. Its sole purpose is to generate revenue to ensure its survival and most will stay within the boundaries of what is required by the law.
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That's an oversimplification. Corporations are run by people; people can choose to have morals, ethics and values. Corporations can choose not to employ lobbyists to create and exploit loopholes in the tax code. If the sole purpose of corporation or company is to generate revenue, we now live in a pretty sad world. I don't think the Wright Brothers invented an airplane for the sole purpose of generating revenue. I don't think a @#$%ing MBA ever invented anything.

Your whole argument is a huge cop-out; corporations are started by people--people who are inventors, visionaries, pioneers, entrepreneurs. Sure there was a profit motive, but it wasn't their ONLY motive--they left that to the MBA CEO's who run them now.
 
Setec Astronomy said:
I don't think the Wright Brothers invented an airplane for the sole purpose of generating revenue. I don't think a @#$%ing MBA ever invented anything.

Your whole argument is a huge cop-out; corporations are started by people--people who are inventors, visionaries, pioneers, entrepreneurs. Sure there was a profit motive, but it wasn't their ONLY motive--they left that to the MBA CEO's who run them now.
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I agree with you.. Inventors, visionaries, pioneers, and entrepreneurs started many of the big corporations and someone else (i.e... a bean counter) ends up running them later. This is sad but it is real.

I experienced it firsthand. I used to work for a company that went from being privately held to publicly traded. The founder was well respected by all. Stories of how he personally help his employees were abound. He once flipped a hospital bill for an employee when he found out he couldn't afford it. The founder was a hippie from the 70s and community activism was always a priority. All that changed....once the company went public. A few years back, the board of directors removed him as the CEO and installed a wall-street type. Can you imagine being fired from a company that you created/started....

Once the "Bean counters" takes over...everything boils down to (seems to IMO) $$$.
 
Swanicyouth said:
Who cares? At least corporations provide jobs and bring products to market.
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The majority of the jobs are not created in the USA. Manufacturing in another country may not be by itself wrong but the huge exodus of jobs as corporate profits have soared (all the trickle down working somewhere else) has left us with a workforce, many without needed skills, without decent paying jobs.

We do need entitlement reform but the benefits of the improving economy have not reach all yet to reduce the impact on social programs (welfare, food stamps).
 
tropicsteve said:
"don't hate the player, hate the game". until a fair tax plan is developed, people and corporations will use whatever "legal" write-offs they can to keep more of their own money and there are a ton of write-offs if you can wade through the ridiculous amount of irs codes. of course, the politicians who write the codes always win.
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Thanks for taking care of the light work Steve...... :D


Setec Astronomy said:
That's an oversimplification. Corporations are run by people; people can choose to have morals, ethics and values. Corporations can choose not to employ lobbyists to create and exploit loopholes in the tax code. If the sole purpose of corporation or company is to generate revenue, we now live in a pretty sad world. I don't think the Wright Brothers invented an airplane for the sole purpose of generating revenue. I don't think a @#$%ing MBA ever invented anything.

Your whole argument is a huge cop-out; corporations are started by people--people who are inventors, visionaries, pioneers, entrepreneurs. Sure there was a profit motive, but it wasn't their ONLY motive--they left that to the MBA CEO's who run them now.
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Partially correct, mostly wrong....

Explannation = CEO's have a fiduciary responsibility to their stock holders. Therefore, if they didn't do all they could to be more profitable, they could be fired, sued and worse.

But I do agree that most mba's aint worth the paper their diploma is written on. There was once a story about a business ethics class for mba's. Think it was held on April Fools day.
 
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