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View Diary: Business Owners speak: Tax Cuts don't Create Jobs -- they Create Deficits (137 comments)

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  •  They don't care about the Tea Party (0+ / 0-)

    They don't care about society, they don't care about empolyees they care only about profits. That's the ethic. Until that ethic changes, i.e., all corporate charters are rewritten to include that in exchange for the right to be a corporation and receive some relief from liabilities they must act in the public interest and those acts must be enumerated and failure to fulfill the public trust means cancellation of the charter. Unlike the broadcasting charters these must have real teeth.

    •  I disagree (1+ / 0-)
      Recommended by:
      Dragon5616

      the current craziness is also bad for the super rich. Bad for everyone. At this point, I would actually welcome a GOP that promotes a clear pro profit and pro Wall Street policy. It would be much more centrist than the nonsense we see at the moment. Plus it would be a rational policy. What we have now is irrational and simply crazy.

      I guess Wall street is willing to swallow the bad apples they are given and is trying to benefit from all the other good things offered to them, but shutting down government and refusing to rise the debt ceiling will push us into a depression. A depression is actually not good for the economy. Very few would benefit from it. Most companies will be hit very very hard.

      At this point, I clear protest from Wall Street would be able to swing Boehner. Goldman Sachs, Bernake etc - everybody please speak up. This is your moment to make a difference in the fate of this country.

      •  Interesting POV (2+ / 0-)
        Recommended by:
        mrkvica, Calamity Jean

        No, the rich don't need society that's what you may miss. What they need are places to live and play and there's a globe at their disposal. From what I know about the rich, and my experience is limited but I've got connections in that area, they don't care about large scale issues--they are remarkably focused on acquiring and maintaining power (which is one reason they may be rich) and having a good time. They don't have room in their lives to worry about the rest of us--it really seldom crosses their minds at all other than the occasional amused sneer and they have a morbid fear of socialism--they don't even want to come close to that.

        Having said all that, ultimately yes, they'll suffer but they don't believe that yet.

        Of course I'm talking about the very wealthy here--the ordinary rich are in a somewhat different position.

        •  they still need consumers (0+ / 0-)

          only a balanced society with a strong middle class can generate wealth including for the super rich.

          •  Yes, but there is every reason to be (0+ / 0-)

            confident that consumers will always be there. The evidence is pretty good--remember, we've been going through this phase of dominance by the oligarchy for decades--why should they believe things will be different when everything works so well for them? Certainly a catastrophe would make matters difficult but, if they have decent advisors, they'll have hedged for that and bought gold and they have contingency plans, at least some of them do--i.e., stored food, arms etc. In fact when things get very bad they are in a position to hire agents and servants who will have no place else to go that will provide security and alternatives.

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