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  • If The U.S. Is Richer Than Ever, Then Why Are So Many Americans Poor?  [View article]
    Random,


    Good comment and information, Richardson's comments regarding inner city White Castle's

    Very sad!! There should be exceptions to this rule but the liberals and the unions don't care about these locations. $15 per hour is the new baseline wage and I'm sure you know how that works.

    These jobs were never intended to be careers. Tragically these people have become political pawns.
    Apr 13, 2016. 03:19 PM | 3 Likes Like |Link to Comment
  • If The U.S. Is Richer Than Ever, Then Why Are So Many Americans Poor?  [View article]
    jz10, "None of the examples you cites actually went through capitalism before evolving toward communism"


    Two words......East Germany.

    You should read Niall Ferguson's The Great Degeneration

    Its a scholarly work regarding what you're commenting about. He does not come to the same conclusion regarding communism.
    Apr 13, 2016. 02:59 PM | 1 Like Like |Link to Comment
  • If The U.S. Is Richer Than Ever, Then Why Are So Many Americans Poor?  [View article]
    rjstrie, "What they should have paid has more to do with what the tax laws should be ......."


    I think most investors understand Boeing doesn't have a commercial finance unit like GE but they have lots of airline customer business they finance which tanked during the financial crisis. All of these companies and more had debt exposure. I'm done arguing the point that the finance units wrote off losses driven by the financial crisis.

    So in trying to understand your point going forward I assume you think corporations tax rate should be raised not lowered, and/or deductions for losses disallowed? Humm, that would be a sure way to get more of them to leave the U.S. Several Fed presidents have come out in favor of corporate tax reform including lowering the effective corporate rate.

    I'm hoping a new administration will bring some leadership on this subject, as well as a repatriation deal to encourage corporations regarding the $2 to $3 trillion offshore earnings.
    Apr 13, 2016. 02:27 PM | Likes Like |Link to Comment
  • Secular Stagnation Would Be The Best Case, But It's Not Even Realistic  [View article]
    "orthodox economics only permits "what should be" even where "what is" could not be more apparent.


    Well said, and the IMF solution seem to be to double down, expecting a different outcome. As Alice in Wonderland cried "It all gets curiouser and curiouser"
    Apr 13, 2016. 01:52 PM | 3 Likes Like |Link to Comment
  • Secular Stagnation Would Be The Best Case, But It's Not Even Realistic  [View article]
    Longlonebull, "The bull market is intact"


    You should revisit your charts. The bull market is not intact with February S&P low a game changer. The pattern is decidedly lower highs and lows. We have a long way to go and with overhead resistance significant to throw this into question. If you are reading something into the Industrial Averages you can't possibly like the Transports, except maybe as an oversold short term trade.
    Apr 13, 2016. 01:43 PM | Likes Like |Link to Comment
  • If The U.S. Is Richer Than Ever, Then Why Are So Many Americans Poor?  [View article]
    shunwel,

    You ask a good question on spiraling costs of higher education. I completely agree with both you and stev53e that ".. they'll have to vote dem to get relief"

    Although I do think the cause here was not a conspiracy of the left,(we give them too much credit) but rather just more big government incompetence. Just like health care costs that have risen exponentially there has to be a catalyst. We have not experienced 1970's type inflation except in these two areas.

    Our city newspaper, a Gannet USA Today publication so a liberal rag, did an expose' on this problem: In the 1990's when governments at all levels were fat and happy with plenty of tax money to spend they funded all sorts of study groups staffing at the university level. After 2001 the money ran out but not the programs! The states couldn't fund them so guess who is?

    Result: A large state university here has more people making over $100,000 a year with absolutely No interaction with undergrad students than there are those making over $100,000 that do have this interaction. Its stunning, and I suggest this is happening all over the country.
    Apr 12, 2016. 10:25 AM | 2 Likes Like |Link to Comment
  • If The U.S. Is Richer Than Ever, Then Why Are So Many Americans Poor?  [View article]
    rjstrie, "Tewlve top corporations paid no taxes or actually received money ........... between 2008 and 2010"
    "$62.4 billion was reaped in subsidies by these twelve companies"


    So what? Companies lost money, that's not new news. The government spent money, read John Maynard Keynes. And what exactly do you want to do now? This has become a circular argument.
    Actually your numbers on subsidies for the period looks low, but I'll go with it for this debate. These twelve companies received a pittance in subsidies compared with combined green companies that were 'friends of the administration', most of whom are now out of business and didn't provide many jobs to begin with.

    There is no problem here, and the effective corporate rate is still too high. Interestingly according to one of the Fed presidents this morning they agree with that statement as does Treasury. Humm
    Apr 12, 2016. 09:52 AM | 1 Like Like |Link to Comment
  • If The U.S. Is Richer Than Ever, Then Why Are So Many Americans Poor?  [View article]
    rjstrie, "So? They still paid taxes for 4 years"


    Every company you named had a finance unit. GE had GE Capital, GE Capital Sales, GE Money, a huge part of the company, designated SIFI by the government. Yes it took years, plus carry forward loss in other areas.


    So what's your point now? You think they should have paid taxes anyway?
    Apr 11, 2016. 09:10 PM | Likes Like |Link to Comment
  • If The U.S. Is Richer Than Ever, Then Why Are So Many Americans Poor?  [View article]
    rjstrie,

    If I may make a suggestion; You really don't have to provide a link then print what it says. Just make your point.

    Thanks
    Apr 11, 2016. 08:50 PM | Likes Like |Link to Comment
  • If The U.S. Is Richer Than Ever, Then Why Are So Many Americans Poor?  [View article]
    Ol Blue Eyes, "Maybe that person just wants to take his pay in free time ......."

    And some people like what they do, who they work with, and for. A beautiful aspect of the "American way" is that you can make that decision.

    I'm not naive that there is occasionally employer abuse regarding work hours. And every healthy business runs into time crunches where its all hands on deck. And changing jobs in our poor growth economy is not always easy. But if people are being abused, or as you say in "... a job that he often finds dull and tedious", then do something about it. Have a goal of working at something you want to do.

    I'm not supportive of the Oh Poor Me, look at France story.
    Apr 11, 2016. 11:30 AM | Likes Like |Link to Comment
  • If The U.S. Is Richer Than Ever, Then Why Are So Many Americans Poor?  [View article]
    PendragonY, "I haven't been 29 in decades"


    Ha,ha, I must have misread. It makes more sense now!
    Apr 11, 2016. 11:10 AM | Likes Like |Link to Comment
  • If The U.S. Is Richer Than Ever, Then Why Are So Many Americans Poor?  [View article]
    stev53e,


    Good comment, ha,ha,ha, best laugh this morning!!
    Apr 11, 2016. 11:05 AM | Likes Like |Link to Comment
  • If The U.S. Is Richer Than Ever, Then Why Are So Many Americans Poor?  [View article]
    rjstrie, "Most of the reason for not paying taxes by these companies..... "


    Your assertion that loan writeoffs were "NOT" substantial is incorrect, which reading other comments seems to be a pattern for you.

    I am an investor in the companies you named in your comment. Those companies each had large finance units. Each of those finance units wrote down huge losses in the time period you identified. Importantly, addressing your attacks on those companies for not paying taxes, a substantial portion of those loans might have been carried on the books versus written down but the government required them to do so. It wasn't trivial as you seem to think.

    These companies received no more "credits or government subsidies" than any other company in comparable businesses, and less than some such as green industries. As for "generous asset depreciation" are you seriously attacking these companies for depreciation expense?
    Apr 11, 2016. 10:52 AM | 1 Like Like |Link to Comment
  • If The U.S. Is Richer Than Ever, Then Why Are So Many Americans Poor?  [View article]
    rjstrie, ".....because those that are inheriting the wealth are usually not responsible for its accumulation"


    Even the U.K. has moved past this 1930's socialist drivel. Time to end the Death Tax!! So what if its the "lucky gene pool" that inherit fortunes, many pursue 'Impact Investing' and liberal causes anyway. You should love that! I would rather see them get the assets than see One more farm or small business on the auction block to pay a death tax bill.
    Apr 11, 2016. 10:24 AM | Likes Like |Link to Comment
  • If The U.S. Is Richer Than Ever, Then Why Are So Many Americans Poor?  [View article]
    PendragonY, ....."they DO get credit for the foreign taxes paid"


    True, good point. And of course they should as a cost to the business, especially important with a 35% effective rate.

    What is surprising to me, with SA an investment site, we investors and traders are owners of these businesses, wide spread ownership of multinationals. Yet we have to argue with these people about treating companies fairly. Whats wrong with this picture. I bet most of these comments attack businesses.
    Apr 10, 2016. 05:13 PM | 1 Like Like |Link to Comment
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