capitalism
- Started 16 years ago
- Last post 8 days ago
- 1,414 Responses
- utopian1
How Some Rich Americans Are Getting Stimulus ‘Checks’ Averaging $1.7 Million
A $1.7 million stimulus check?
While wealthy Americans are not eligible for the comparatively measly $1,200 stimulus checks that are now being disbursed to many Americans, they are on pace to do even better. 43,000 taxpayers, who earn more than $1 million annually, are each set to receive a $1.7 million windfall, on average, thanks to a provision buried in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
You may or may not be surprised that some of the language conveniently inserted into the $2.2 trillion-dollar Coronavirus Aid, Relief, and Economic Security Act (CARES) skews heavily in favor of the wealthy. The provision doling out literally millions of dollars is aimed at a limitation that was created in 2017 when Republicans overhauled the tax code. It “temporarily suspends a limitation on how much owners of businesses formed as “pass-through” entities can deduct against their non-business income, such as capital gains, to reduce their tax liability,” according to The Washington Post.
- This is how trickle down economics works.utopian
- Trickle upChimp
- Gotta love corporate welfare and crony capitalism. Taxpayer monies going to those who pay less taxes w/o a tea party or libertarian in sight for miles...whatthefunk
- How to destroy the middle class. Give millionaires and people under $75k money. Everyone in the middle can fuck off.nb
- ^cuz you don't get votes from the middle classgrafician
- capitalism doesn't involve tax codes... the problem is people smearing an idea ruined by gov to gain even more gov control... hopefully covid19 ends public scho********
- ols********
- whatthefunk2
- Is the opposite true? For every 1% it goes down, do 40,000 people get pregnant?nb
- utopian2
The Origin Of 'The World's Dumbest Idea': Milton Friedman
No popular idea ever has a single origin. But the idea that the sole purpose of a firm is to make money for its shareholders got going in a major way with an article by Milton Friedman in the New York Times on September 13, 1970.
- haha agile management leadership consultant is the writer********
- fuck that is a terrible piece of adjective inducing vomit. I think if i understood correctly through the shit it can be summed up is firms can do whatever they********
- want with money... lose it, bankrupt company at social experiments, spend willy nilly, anything is right but increase shareholder value.garbage piece and would********
- not hire that cat with someone else's money... hmm wonder hows hes doing since 2013********
- what did you think utopian he brought to milton friedmans argument that he missed on based merely on incentive? it never touched that********
- Do u think he gave rational strate forward reasoning on the inaccuracy of Friedman? If so share where u think he nailed it********
- And utopian has no thought besides slinging his product. U'd be more believable if u could back any any of it********
- or just seo seed post... i think thats it********
- haha agile management leadership consultant is the writer
- shapesalad-2
If you give everyone $1000 it'd be interesting to see some bar graphs and modelling on where that money would go. Presuming it goes directly into people's bank accounts I'd assume a % remains in banks, a % online casinos, % online games, etc...
You could probably save the gov money by simply figuring where the top 50 spends across the population are and bailing out/handing out to those businesses.
- and if you give everyone newly printed $$$'s, surely you are just instantly creating inflation and devaluing currency in relation to valued time/assets.shapesalad
- looking forward when we eventually switch to cryptocurrency so this information can be tracked in real timezaq
- You don't need to track it, you said it yourself, the people will know where to spend. Of course you'll have morons but most will just do what they need to dozarkonite
- with the money and truly necessary businesses will thrive. We can figure out where the money went at the next tax season.zarkonite
- and there won't be inflation caused by this because people stopped receiving wages so there's a shortage of cash in the market right now. Printing new moneyzarkonite
- just shores up the market, it doesn't overinflate it. At least in theory...zarkonite
- If you bail out the top 50 you let dozens if not hundreds of others fail. Give the money to the people and they'll distribute it proportionately to thei_monk
- businesses they use.i_monk
- Trickle up economics.i_monk
- Likely it goes right back to the bank, in the form mortgage payments?ShenanigansTV
- Ramanisky25
- i guess he's better off in government subsidized low income housing. Stand in line fo' yo' cheque yo!hotroddy
- Seems to be working out well so farGnash
- yeah at least here he can fuck his sister in the privacy of his own whatever the fuck his is._niko
- isnt there parents basements windows with bernie stickers... its funny but doesnt mean anything. hell probably 3 acres of subleasing********
- when u get your degree at trump university.neverscared
- lol deathboy you can’t even write a coherent sentence. seriously, what the FUCK are you saying? I literally cannot figure out your nonsensemonospaced
- Bernie stickers? 3 acres? This is a poor as fuck trump fuckass in the middle of trump country. Obviously.monospaced
- The only way to live and deserved by fucktards.********
- Ah. The splendour that is Casa Hayoth.Continuity
- It's interesting there was a farmer in Scotland who lived in a slightly nicer, but similar house. Trump tried his hardest to have it demolished.PhanLo
- There are basement bedrooms of 18 + kids livin with parents. And the photo could be owner of 3 acted of sublets on land with no need for anything else********
- Did u understand how a photo and no context mostly means nothing as well?********
- Deathboy, you talk madness mate.PhanLo
- Madness is what they call rationality in the emo online be trigger shit these days?********
- Simply put not realizing no context but applying your feelings makes for poor choices********
- PhanLo1
- https://onezero.medi…PhanLo
- ^Read the article above, shows that the richest people people on the planet have no plan further than protect their own money.PhanLo
- zaq4
People who base their self-worth on their financial success feel pressure to focus most of their efforts on making more money rather than on building their relationships with family and friends, and, as a result, often end up feeling isolated and lonely, according to new research.
- well blow me.. who'd have thought it...shapesalad
- Non-sociopaths have a hard time living a sociopathic lifestyle.i_monk
- uan0
- utopian0
Paycheck Protection Program billions went to large companies and missed virus hot spots
- utopian0
'A Complete Abomination': Mega-Rich Hedge Funds Swoop Down to Grab Covid-19 Small Business Relief Funds
Some hedge funds "insist they are small businesses—just like hair salons, restaurants, and dry cleaners—that could use a helping hand," Bloomberg reported.
- Somehow and someway "trickle down economics" will eventually reach the Mom and Pop businesses.utopian
- Fuck them, cunts. „Small businesses“ my ass. They just trying to get bailed out because 99% hedgefunds are scam and losing money.NBQ00
- How is this capitalism? Isn't it just gaming a socialist system. Something free markets advocates acknowledge as a core of progress********
- Bluejam20
- QBN evil rises to the surfaceHayoth
- You can do both, get rid of the pensioners, use money elsewheredrgs
- You're more than welcome to take yourself elsewhere to not be exposed to QBN's elitist evil, Hayoth. Maybe Stormfront would be more to your liking?Continuity
- I really feel sorry for his mother. Every time poor baby Hayoth gets triggered and has a tantrum, she probably has to ...Continuity
- ... lock the door to his bedroom in the basement from the outside, just to get some peace and quiet.Continuity
- @hayoth that's all you got? 2/11renderedred
- money is becoming worthless as more is printed, what important is local community and what we can do for each other.shapesalad
- instead of one farmer with a giant farm, we went back to multiple small scale farms, then we'd have enough farmers to barter with, as they would needshapesalad
- the goods and services those without land can provide, the dentists, doctors, leather worker, ceramist, undertaker etc.shapesalad
- the problem with mass farming, is one farmer only needs so many goods, and so we need money to store the value of his crops.shapesalad
- Who's is your daddy Hayoth and what does he do?utopian
- You sure you don't smoke weed, shapesalad? Did you fall into a vat of the stuff, like Obelix, as a child and come to ever resent its effect on you?Nairn
- lolsted
- Only simpletons subscribe to concepts of evil.monospaced
- Bluejam4
- this isn'y for oils stocks obviously correct? like if you have the capacity to store physical oil they will basically pay you to take it correct?_niko
- Slow down there cowboy. They won't pay you take a small amount.nb
- if you buy some, you pay them to keep it as you can't store it?grafician
- but also yeah, if you can buy a few oil tankers straight up, they will pay you to buy itgrafician
- "pay you to buy it" wow...how that sounds, but yeah, we're heregrafician
- https://vignette.wik…kingsteven
- They're futures, we can't buy shitmoldero
- shapesalad-3
- Fuck off already, no one here is watching this garbage contentnb
- TL;DR the economies that depend on oil are fucked.sted
- AC ϟ DCutopian
- this means fracking and those pipeline projects are gone?uan
- Yes. Fracking over.shapesalad
- nb what makes this garbage content? It's probably one of the more relevant things posted today.MondoMorphic
- nb, why so aggressive? Nobody forces you to watch it. But maybe some others will.NBQ00
- nb = no brain? Perhaps...shapesalad
- shapesalad1
Dominos falling. Oil was the first...
- grafician2
"Small Business Rescue Earned Banks $10 Billion In Fees"
- utopian-1
Abigail Disney blasts company executives over furloughs
Abigail Disney is flabbergasted over the Walt Disney's decision to furlough hundreds of thousands low-paid workers after paying its executives millions of dollars.
Abigail Disney ripped the Walt Disney Company on Twitter on Wednesday over its decision to furlough 100,000 workers because of declining business during the coronavirus pandemic.
Disney criticized the company for issuing dividends to stockholders and paying high salaries to executives while issuing furloughs.
"WHAT THE ACTUAL F---," she wrote, saying the excuse of declining business only went so far.
- utopian2
‘Shark Tank’ Star Daymond John Tried to Sell N95 Masks to Florida at 3 Times Market Price
