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View Diary: Bush Proves Trickle Down Doesn't Work As Advertised (194 comments)

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  •  The figures are amazing ... (2+ / 0-)
    Recommended by:
    StrayCat, Snarcalita

    when you start to really think about it.

    corporations have increased their percentage of national income from 8.54%in 2001 to 13.88% in the first quarter of 2006.

    In other words, over the past five years, Corporations have had their share of national income go up by over 50%.  This not their "income" but their share of the nation's total income.

    And, this is not counting the grossly increased "compensation" for the executives and board members who have skyrocketing compensations -- because income comes after those expenses.

    And, this does not account for the tax avoidance due to the Bush-Cheney tax increases on the unborn and reduced revenue from those receiving $millions from dividends ...

    Every figure in this merits a front page article in every newspaper in the nation ... yet, how many Americans have a clue?  

    I don't believe in "class warfare" but I do believe in fair burden sharing for making this society work -- and work better.  The Rethugs believe in unequal burden sharing and a society that doesn't work for most ...  

    19 June 06, Day 1746, A count worth keeping? Or, Osama Bin Forgotten?

    by besieged by bush on Wed Jun 28, 2006 at 07:57:57 AM PDT

    •  But what are corporations? (0+ / 0-)

      Corporations are owned by people!!! You can choose to invest in them and gain a piece of their riches...Some have more to invest and some are given shares by the company, but you can still gain a piece of the action if you want...

      It's the same story with government.  It's our money that the government spends.  Unfortunately with government, you don't have as much a choice to invest (considering the shitty returns on investment that government provides).

      •  RE Corporations ... (0+ / 0-)

        The problem is that this nice, neat concept of equal ownership for stockholders is being horribly perverted.  See David Sirota's excellent discussion re Wall Street Journal reporting on executive retirements.  Ever more corporations are ever more about increased compensation for the Executive Class as opposed to taking care of the stockholders.  Thus, that 'shared' wealth of income is greatly reduced due to this -- shall we say -- corruption.

        19 June 06, Day 1746, A count worth keeping? Or, Osama Bin Forgotten?

        by besieged by bush on Wed Jun 28, 2006 at 12:09:41 PM PDT

        [ Parent ]

        •  I never said anything about equal ownership. (0+ / 0-)

          I'm just commenting that you can have what they have on a smaller scale.  You can still profit from it.  You can still gain from it.  Yes, you won't be as rich, but if you gain from it, aren't you better off nonetheless?

          That's what people forget...inequality isn't inherently a bad thing.  If we can make all better off, it shouldn't matter if the benefits are skewed.  Now we don't have this perfected yet, but that's another issue....

          •  What I was writing (0+ / 0-)

            was not a statement that everyone needs to be equal ... but that there is an insiders game at too many corporations that are creating circumstances for benefitting the insiders (especially executives) at the cost of the 'ordinary' shareholders.  Do you think that, in open voting, shareholders would support backdating of options grants to give literally percentages more of a corporation's annual profits over to a few executives?

            "Ordinary Investors", and I am one of them, are facing a Ponzi scheme -- and we are far down the pyramid.

            19 June 06, Day 1746, A count worth keeping? Or, Osama Bin Forgotten?

            by besieged by bush on Wed Jun 28, 2006 at 12:29:02 PM PDT

            [ Parent ]

            •  ? (0+ / 0-)

              Backdating has nothing to do with company's profits.  The cost basis of the options really don't have anything to do with profits?  Yes, it is perhaps wrong that they get to backdate to increase their gains, but those are capital gains, not company profits....

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