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Comment: Re:Banksters (Score 1) 601

by PopeRatzo (#49770731) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment

Utter nonsense. Yes, in some cases that may be the effect, but it's certainly not the design.

The "design" doesn't matter in this case. The biggest companies in the world are ignoring that design.

By design, boards of directors are intended to serve the same role that elected political representatives do for citizens of a nation; to represent the interests of the voters.

Don't we have enough evidence that when the corrupting influence of money gets enough, elected political representatives no longer represent the interest of the voters?

That just indicates that regulators are not making the fines large enough. If regulators want to use financial penalties, they have to make them large enough that bad actions are unprofitable.

That's not going to happen as long as the regulators are former bankers. There's a revolving door between regulatory agencies and the industries they regulate.

We have to evaluate the system we have, not the ideal or the system we wish we had. This is late-stage capitalism and we have to evaluate it on it's merits.

Comment: Re:To be more precise, Amazon will collect on taxe (Score 1) 238

by PopeRatzo (#49769383) Attached to: Amazon Decides To Start Paying Tax In the UK

Example 2: There are 50 auto dealers in a state. The state raises taxes on car dealers 30%. Now all dealers raise their prices 30%.

Now I ask you "Who is paying that 30% increase?"

God, can your math really be that bad? If the state raises taxes on car dealers by 30%, as you say, and the tax goes from 3% to 4%, why would that require the car dealers to raise the prices of their cars 30%?

That's the first problem with your comment.

Second is the fact that some of the car dealers may choose to let their profits fall the additional 1% (from the taxes being raised from 3% to 4%) and they'll keep their prices lower than the dealers who chose to raise prices and end up being the most successful dealer in the state.

When their competition, and when there's not market consolidation to the extent that it causes concentrated pricing power, taxes will not raise prices significantly.

Let's let Bruce Bartlett, a former economic adviser to Ronald Fucking Reagan explain why "corporations don't pay taxes" is a myth:


Comment: Re:Are they LEOs (Score 0) 78

This is a beautiful post.

Bloom is explaining how investors view the market. You re-interpret it as if it represents the Obama administration. Nicely done. Rush Limbaugh and Sean Hannity would be proud of you.

Don't you have FEMA concentration camps to find? Or contrails to track? Or welfare queens who are really prostitutes to bust? Are you finding evidence on the intarwebs that 9/11 was an inside job?

Seriously though, you should read Animal Farm. Here: https://www.marxists.org/subje... Pay attention to how the farm's ideals get re-interpreted.

There are real problems with the Obama presidency. Making shit up keeps everyone from talking about them, helps them and hurts everyone else.

Comment: Re:They're bums, why keep them around (Score 1) 601

That would endanger jobs. Look, lemme explain it to you.

You pay taxes, so Mommy Merkel can stuff that money into Greece. So the Greeks can pay for the weapons you delivered. So the companies that built the tanks and subs can avoid paying taxes and employ you.

So, in a roundabout way, you're paying so you can work for the company you work for. I know it is supposed to be the other way 'round, but hey, this is the new economy. You don't get paid for doing your job. You pay to have one!

Comment: It could endanger TTIP? (Score 3, Interesting) 112

by Opportunist (#49768315) Attached to: EU Drops Plans For Safer Pesticides After Pressure From US

Dear EU sponges,

Shouldn't that be a good reason FOR pushing for this leglisation?

So, lemme recap, we not only don't get any protection from dangerous pesticides but we also get it so we can still have a trade agreement that has no beneficial effect whatsoever for EU corporations?

Thanks. Who are you working for again, just so we know? We're kinda confused.

signed, the idiots paying for you useless asshats.

Comment: Re:Banksters (Score 1) 601

by PopeRatzo (#49768059) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment

Of course the owners of the bank take the hit when fines are levied. Who else would?

How about the individuals that committed the crimes?

Do you know how corporate boards work? They're designed to shield the management level executives from any such governance by the shareholders. And since most of the shareholders are institutional (or other corporations) it becomes one big consequence-avoidance scam.

Plus, the fines paid by the shareholders are only a tiny fraction of the money the corporation made from these illegal activities. So, if you're a shareholder and you get a letter saying, "We paid $5 billion in fines, and here's your cut of the profits from the heist" what are you gonna do?

It's like stealing a truckload of cases of beer and the penalty being you have to give back one bottle.

Wernher von Braun settled for a V-2 when he coulda had a V-8.