Member of the Month

je_t.aime_canard
January, 2025

Online

Welcome to the Newschoolers forums! You may read the forums as a guest, however you must be a registered member to post. Register to become a member today!

1% CEO runs train on Occupiers

profile picture
Alpine3
Posts: 1813 - Karma: 37

Dec 7 2011 3:07PM
0 0
profile picture
ImNotARacist
Posts: 5136 - Karma: -1,030
Alright well you all are talking about giving the wealth back to the people.

How about indirectly placing money back into the system for people to make. I guarantee Mr. 70,000,000 doesn't need 70,000,000 and could easily put a lot of that back into the economy, not by paying taxes.
Dec 7 2011 7:12PM
0 0
profile picture
northeast
Posts: 2119 - Karma: 254
99% of the fuckers protesting at these rallies are idiots who just want more money without working for it. The half-assed speeches they give are quite similar to the half-assed papers that kids write to half-ass their way through economics class in high school. They use big words like "socioeconomic," "unregulated," and "economy" when they don't really know what they're talking about. I'm far from being in the 1% but I can certainly say that this "movement" is pure bullshit and isn't going to get anybody anywhere.
Dec 7 2011 7:17PM
0 0
profile picture
las.
Posts: 1959 - Karma: 1,455
threads
Dec 7 2011 7:19PM
0 0
profile picture
ImNotARacist
Posts: 5136 - Karma: -1,030
Congratulations, you are a worthless citizen that doesn't research answers for himself.


You are the 89%
Dec 7 2011 7:22PM
0 0
profile picture
northeast
Posts: 2119 - Karma: 254
lol word, go protest bro.
Dec 7 2011 7:23PM
0 0
profile picture
itsguccibaby
Posts: 41 - Karma: 10

I agree that rich people have responsibilities, if not an obligation to share their wealth.

The "new idea" you seem to pose sets yourself up perfectly to be owned. I believe you are suggesting philanthropy, which many rich financiers do engage in, and many schools who have strong finance/economics programs encourage their students to be philanthropists if they are successful.

BUT...How about instead of Mr. 70M paying high taxes, he pumps money back into the economy by buying yachts, lambos, and mansions!?

My point is that too many people do not realize the amount of effort and time required to become successful in finance, and that these "rich, greedy, viillains" donate millions and millions of dollars each year. OWS has good intentions, but so many Occupiers do not know what they are talking about. That Schiff video was spot on to how I feel.  

Dec 7 2011 7:26PM
0 0
profile picture
Caspaaa
Posts: 4830 - Karma: 1,466
he's comparing himself because in a way they are comparing themselves to him. yes it is unfair that he, a rich CEO compares himself to middle class citizens, but in a way it is also unfair that they compare him to every rich person in the world.

yes there are people who underpay and overwork their employees, and they are to some extent assholes for doing so, but this guy has a point. basically what he's saying is, if you hate being the overworked/underpaid ones, instead of complaining about it why don't you bust your ass to get to the top so that you yourself can benefit the middle class working group that you once belonged to. some legacies are handed down on a silver platter but other people have worked night and day to be successful, and to me the 99% is just complaining that they themselves can't be as successful as them. if they had stopped complaining at the start of this, they would already be well on their way to success by now.

that being said, to some extent I see both sides of this argument. personally i find the whole movement very farfetched, and I don't consider myself as a true supporter of either side. in a week there'll be a video up of some CEO getting his ass handed to him in an argument and i'll probably agree then with what the occupiers are saying, but for now, that video just made me laugh.

"how many people do you employ?"

HAHA she shut up instantly.
Dec 7 2011 7:29PM
0 0
profile picture
northeast
Posts: 2119 - Karma: 254
what are the vast majority of occupy protesters doing to help this country? fucking zero. some of them are missing work for days at a time to go protest what is quite honestly a lost cause. yes, there is a HUGE amount of corruption in the 1% and big business, but there are also a decent amount of people who aren't out to fuck the little guy over. all I'm trying to say is that this is not the way to go about changing the economic status of an entire country, nor will we be straying from capitalism anytime soon. capitalism has been used in the USA since pretty much the beginning and it works. this is how capitalism works. there's a small upper class and that's not going to change. are there better, more fair economic systems? absolutely. is it going to chance? probably not.
Dec 7 2011 7:32PM
0 0
profile picture
itsguccibaby
Posts: 41 - Karma: 10

I gues you are the retard.

OWS does not equal Occupy Washington DC. Although similar in intent, that article and Occupying Washington DC are basically argued for by Schiff in the video. "You need to occupy the legislators who make the rules, not the people that exploit them. Otherwise there will ne no change."

Dec 7 2011 7:35PM
0 0
profile picture
itsguccibaby
Posts: 41 - Karma: 10
The occupiers are in fact doing good to help this country, or at least the motives behind the movement are valid. Granted, there are so many idiot protesters. What are the better economic systems? Although imperfect, the capitalist system is the best economic system.
Dec 7 2011 7:39PM
0 0
profile picture
I_liketobutter
Posts: 2664 - Karma: 997
the point is that things need to change. its been that way for a while. its because of the OWS people that the discussion is being brought up and is on the news.
Dec 7 2011 7:39PM
0 0
profile picture
northeast
Posts: 2119 - Karma: 254
the motives are indeed great, but this isn't the most productive way to go about it. capitalism is absolutely the best system, however what i meant is that the way we're using it could be changed for the better. but nothing's perfect, and i'm not going to come out and say that i know how to make the economy and the country great, because i don't.
Dec 7 2011 7:42PM
0 0
profile picture
ImNotARacist
Posts: 5136 - Karma: -1,030
I am not proposing anything. All I want to say is he doesn't need 70 million and AMERICA does, if AMERICANS want that money they are going to have to work just as hard as mr. 70 million did, probably harder, but at least the money is there for them.


The Schiff video was on point but only to shut up the people that want hand outs. So he gives 50% of his income to the GOVERNMENT in Taxes, big fucking deal. You are still sitting on more money than you need and thats the bottom line. In the 40s 50s the fed told you how much you needed and if you were making way more than you needed, they took 90% of it, literally.

In a free world with no regulation the smart business venture for Mr. 70 Million isn't investing 50% of his paycheck into a company that is $16 trillion in debt...
Dec 7 2011 7:43PM
0 0
profile picture
PlaygroundRapist
Posts: 1307 - Karma: 26
I like that guy.
He atleast seems to have more then 1 working braincell unlike the entire occupy movement combined.
Dec 7 2011 7:44PM
0 0
profile picture
itsguccibaby
Posts: 41 - Karma: 10

I'm not sure if you are agreeing with me or not.

 It can def. be argued that government is run by banks and corporate America, but the Federal government sets the regulations and the Fed controls the monetary policy. Smart corporations will exploit the system, and although immoral, most of it is legal.

Dec 7 2011 7:45PM
0 0
profile picture
henrytargett
Posts: 903 - Karma: 35
According to this: "The United States needs to tax wealth more and work less."

That is a sad, sad opinion 
Dec 7 2011 7:50PM
0 0
profile picture
itsguccibaby
Posts: 41 - Karma: 10

If you are suggesting that he should not invest his money back into America, than LOL!!!!

 Schiff is the CEO of Euro Pacific Capital. His business is largely NOT investing in America; he does a lot of investing in foreign assests. Should "Mr. 70M" stop working and fire his employees so he isn't as rich?

Dec 7 2011 7:50PM
0 0
profile picture
west-coast
Posts: 985 - Karma: 204
People in this video are as follow:
1% = smart, educated, and driven individuals who understand how a global economy runs and benefit extensively from that knowledge.
99 % = citizens who fail to understand economics and reality.

Obviously that doesn't mean everyone in each percentage but certainly these dumbasses in these interviews who are simply embarrassing themselves by arguing someone who has probably 5 times more intellect and economic success/experience than themselves.
Dec 7 2011 7:50PM
0 0
profile picture
ndye
Posts: 3756 - Karma: 7,094
Okay as a serious response to you, Do you honestly think that many of those people in the day were actually paying a 92%. Thats 8 fucking cents on the dollar. No one is going to work for that. No one truly DID pay that. Capitalism is a great system, but the market does have its ups and downs. The GOVERNMENT not big business has caused the situation we are in. The government feels that it is its job to smooth out the ups and downs of the market system by heavily regulating interest rates and being extremely reactive, and the regulations have caused an extremely reactive economy.

The top 10% of the nation pays about 70% of the federal income taxes. A pretty good chunk if you ask me.

Every American is entitled to the ability to work up to money. The government should NOT have bailed out the banks that failed, and should not give massive subsidies to many large companies. In fact subsidies fucking suck. They prevent the market from running at its ideal point.

The 1% employs the 99%. If you take too much money away from the 1% they will employ less and less of the 99%. The regulations set in America cause the prices of goods to sky rocket, and that is what causes many businesses to move overseas. The over regulation and extreme unions in America are killing America.

Its like people honestly believe America should be socialist. Its disgusting.
Dec 7 2011 7:51PM
0 0
profile picture
ImNotARacist
Posts: 5136 - Karma: -1,030
Called my senator the other day, talked to his judiciary advisor about the Protect IP act, took 2 days and 2 phone calls and now I know where my senator stands on the issue.


Now if I stood in front of his office for a week he would have been pissed along with everyone else in the building and I still would be fucking clueless about the bill and what my senator is doing.


Do you see my point? Yes, too many Occupy participants are being fucking idiots, but even then, they are still making everyone else in the nation aware that something is wrong. Why else would thousands and thousands of people get together and complain? So after that it is up to the non participants to figure out why people are pissed and the chain keeps going.



You? You are getting nothing done, worrying about nothing, and calling the people questioning government idiots. You are the cancer. The only way democracy will work is for the people to actively question the operations of their government.


Dec 7 2011 7:52PM
0 0
profile picture
ImNotARacist
Posts: 5136 - Karma: -1,030
When I refer to investing in a company that is in debt I am referring to the US Government. That is the company.

My point is that he SHOULD be putting a lot more money into america but not by giving it to the fed.
Dec 7 2011 7:55PM
0 0
profile picture
roddy116
Posts: 10648 - Karma: 7,665
hey guys think about this, in the time these guys are one strike think about how much money they could have made
Dec 7 2011 7:55PM
0 0
profile picture
west-coast
Posts: 985 - Karma: 204
That's a really stupid thing to say. They could simply be pissed that they all don't make enough money to satisfy themselves. So they band together hoping that some regulations will be changed for them to make more money. Obviously this isn't the case here, but there have been countless protests where thousands and thousands of people get together and complain.
Dec 7 2011 7:56PM
0 0
profile picture
ImNotARacist
Posts: 5136 - Karma: -1,030
Numerous examples of businesses shutting down due to the movement. That is fucking stupid.


Dec 7 2011 7:58PM
0 0
profile picture
itsguccibaby
Posts: 41 - Karma: 10

That is why I said "LOL," because Schiff's investment firm does a lot of investing NOT in America and clearly wants lower taxes.

Why would he give money to The Fed? The Fed is not the same as the Federal government. Are you implying his taxes should be lower by saring "by not giving it the Fed." I think he would agree.

Dec 7 2011 8:07PM
0 0
profile picture
Logey.
Posts: 2996 - Karma: 456
1200 dollars more than they had in there pockets.
Dec 7 2011 8:07PM
0 0
profile picture
henrytargett
Posts: 903 - Karma: 35
i dont understand the difference. please explain
Dec 7 2011 8:09PM
0 0
profile picture
Tinga
Posts: 11349 - Karma: 2,333
.
Dec 7 2011 8:11PM
0 0
profile picture
PJS.
Posts: 11943 - Karma: 895
Try reading. It's fun.
Dec 7 2011 8:14PM
0 0
profile picture
roddy116
Posts: 10648 - Karma: 7,665
so ru agreeing with me or not?
Dec 7 2011 8:16PM
0 0
profile picture
northeast
Posts: 2119 - Karma: 254
i'm not saying that you're not doing anything, i never did. i also never said that i was getting anything done, because frankly i'm not real worried. im, again, NOT saying that we shouldn't question our own government. if everybody in the occupy movement went about it in a civil way like you have, shit would be infinitely more likely to get done.
Dec 7 2011 8:16PM
0 0
profile picture
p-fo
Posts: 9372 - Karma: 6,156
Lol at everyone who still believes trickle down economics. Lol at occupy protesters who haven't taken the time to fully think about what they're protesting.
If they want change, they should be occupying the mall in DC. You want to make change? You take a shitload of people of all races and walks of life, and you get them together and you march. That is how you make change. They have forgotten their history. And it is their downfall.
Dec 7 2011 8:18PM
0 0
profile picture
itsguccibaby
Posts: 41 - Karma: 10

The Federal government is the Federal government; executive, legislative, and judicial branch, etc.

The Fed is the The Federal Reserve System. It is responsible for managing the monetary policy, regulating banks, etc. It's also privately owned, not owned by the Federal government.

Dec 7 2011 8:18PM
0 0
profile picture
babaganoush
Posts: 157 - Karma: 10
Fed= The federal reserve

http://en.wikipedia.org/wiki/Federal_Reserve_System

The problem with a very high tax rate (>50%ish) is it removes incentives. As he stated if the tax rate was 70% once a particular income bracket is reached, he would simply earn just short of that and provide nothing the rest of the year. Incentives are what drives everyone.

With the $70mm he has it's not that he simply sits on it, he turns around and spends it on goods and services that help to pay for the salaries for those that provide them. I have a real qualm with the gov't saying they know how to spend my money better than I do. That being said I of course support tax payer providing such things as infrastructure, defense (to a certain degree) etc, but aside from that bigger gov't is certainly not the answer.
Dec 7 2011 8:19PM
0 0
profile picture
LittleFoot
Posts: 1667 - Karma: 57
All of this shit is so fucking dry. How about we all just try and become billionaires and let the poor people keep bitching
Dec 7 2011 8:56PM
0 0
profile picture
geteducated
Posts: 6410 - Karma: 86
its so amazing. everything on that dudes body, the suit, the watch, shoes, and etc is probably more then one those people make in a quarter of a year.
Dec 7 2011 8:58PM
0 0
profile picture
KANGAROOJACK
Posts: 361 - Karma: 59
LOLOLOL. and the 99% shit is not on base at all and in reality is just a bunch of self righteous hipsters, BUT i do appreciate the whole "standing up to corporation and the man" thing they got goin, so in conclusion
99%=fucking hipsters
BUT
a huge group of people fighting for rights= fucking awesome.
Dec 7 2011 9:05PM
0 0
profile picture
Dan.
Posts: 7201 - Karma: 1,126
jesus whatever drugs you're on have to be doing something.
Dec 7 2011 9:15PM
0 0
profile picture
dbstar
Posts: 2038 - Karma: 20
wow... people suck
Dec 7 2011 9:22PM
0 0
profile picture
Blindsurfer
Posts: 2252 - Karma: 2,800
haha they got shit on
Dec 7 2011 9:25PM
0 0
profile picture
henrytargett
Posts: 903 - Karma: 35
yup thanks
Dec 7 2011 9:26PM
0 0
profile picture
PhaedeD
Posts: 11499 - Karma: 342
70M isnt shit, giving 50% of what he makes a year is more than enough. You want him to pay more.. did you even watch the video as you say you did? why would anyone want to work for 34 cents on the dollar... why the fuck would you do that?
Dec 7 2011 9:27PM
0 0
profile picture
morpheus
Posts: 150 - Karma: 15
-k for sounding like a hude dick.
Dec 7 2011 9:28PM
0 0
profile picture
Funnel
Posts: 7817 - Karma: 1,537
Thank god this useless "movement" is coming to an end. Bunch of fucking idiots that don't know why they're out there.
Dec 7 2011 9:50PM
0 0
profile picture
dave44
Posts: 11052 - Karma: 113
Am I the only one who doesn't know what the fuck exactly OWS is all about anymore? Like, at first in NYC, okay, I had a general idea, but now I feel like some people are there just to be there, and don't have clue themselves.
Dec 7 2011 9:52PM
0 0
profile picture
PopsicleStand
Posts: 6890 - Karma: 147
no one acknowledged this and im pissed
Dec 7 2011 9:57PM
0 0
profile picture
.AR6rider.
Posts: 15976 - Karma: 8,799
Thanks! It's what I do best.
Dec 7 2011 9:57PM
0 0
All times are Eastern (-5)