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Originally Posted by Armistead
No, a large majority of profits are paid to CEO's, not shareholders and mass amounts of profit sit in overseas tax shelters. Just compare your average shareholders worth compared to the CEO's.
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Personal worth means nothing toward making your point. How do you know he didn't inherit it? How do you know he didn't marry his money like my good Senator John Kerry?
Besides, show me the business big or small that doesn't pay it's employees more than it pays it's shareholders and i'll show you the business that can't afford the talent needed to survive.
As for overseas tax shelters like I just told Gimpy if you have any kind of real proof of someone breaking the law then you ought to report it or you're just spouting political hot air.
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Capitalism doesn't equate you do what you want. We built the strongest middle class in history based on a high corp. tax rate, fair regulation and trade laws, thanks to Bush and others those no longer exist and now 10% control 80% of all wealth. It will be the ruin of this nation as we move into a two class society where rich CEO's have no loyalty to any nation in the global economy, but it will still eventually ruin them as well.
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Bull. We built the strongest middle class in history when we abolished the monarchy. In the 20th century the definition of middle class was artificially increased to include the factory workers and other lower class jobs. That has proven economically unsustainable not helped at all by the increasing fiscal demands of those lower class workers.
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Most studies show another 20 MILLION US jobs will be either moved overseas or simply hired overseas in the next 10 years by US corporations if current trends continue.
I'm not even sure why we call them US corporations anymore.
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The loss of jobs overseas is a concern to me as well but until the worlds standard and cost of living evens out everywhere on earth the only way to stop it is by becoming economically isolationist. No matter how much you tax corporations you just can't compete with a person to whom the good life is a regular supply of rice and electricity most of the time. He'll outbid the American union member who thinks his assembly line job makes him "middle class" every time.