Democracy is hanging by a thread because of plutocrats and their paid ass-kissers

[binnie]

They'd go somewhere in Asia, I think. Probably Hong Kong, China of India I imagine.

In the UK we definitely need the banks, as they are the only thing that really bring in money - however, I think their calls of 'regulate us and we'll leave' are a bluff.

As for business 'tax avoidance' I think it is immoral even though it's not illegal.

[kwame k]

My favourite line from the banks an businesses is 'if taxes are raised we'll move to a country where it is cheaper for us to trade'. I think that's bluff calling, to be honest.

A lot of the problems with these figures now, however, has to do with shareholders and share prices. A company can make a profit - a HUGE profit - but if that profit is lower than they estimated, share prices will drop. Consequently, you get the sitatution in which companies are making millions and millions and still laying people off to hit a target. Utterly ridiculous, in my opinion. The economy is not based on anything real.

Yep, when a company doesn't "beat the street' they consider it a loss when in truth they still sold their product for a profit.......

Since most manufacturing companies have moved to regions where slave labor still exist and most have played the shell game of setting up off shore dummy corporations to funnel their profits in and avoid paying taxes........would we even know the difference if they left? They won't leave because GE, got 3 billion dollars this year in subsidies from the tax payers, why would you leave a country that let's you pay ZERO TAXES and gives you billions back every year.

Why is it that we know this and yet we allow these crooks to get away with it? This isn't conspiracy theory stuff, it's documented fact.

[binnie]

It just baffles me.

I managed a multi-million pound business for two years, part of a large record company chain in the UK. We missed profit projection one year, but not by much: I remember being incredulous as the regional manager informed me and the other managers that our £800,000 profit from a £3.2 million turnover was a 'small disaster' (it was £75,000 under the projection). I remember think 'a £75,000 loss would be a 'minor disaster', not a fucking profit. That's the culture once things get floated on the stock market.

[kwame k]

People are under the illusion that the stock market runs the world.......it doesn't and every time the stock market goes on unregulated we get finical disaster for the average person.

The Great Depression, The Dot Com bubble and The Great Recession are prime examples why the stock market should be heavily regulated. period.

There is a ray of sunshine in all this........ Executive bonuses have reached an all time high and in case you were worried about the company that caused the oil spill in the Gulf......don't, they received a FUCKING SAFETY BONUS this year......

Transocean Ltd. gave its top executives bonuses for achieving the "best year in safety performance in our company's history" — despite the explosion of its oil rig that killed 11 people, including nine of its own employees, and spilled 200 million gallons of oil into the Gulf of Mexico.

The company said in a regulatory filing that its most senior managers were given two-thirds of their total possible safety bonus.

Transocean noted "the tragic loss of life" in the Gulf when the rig operated by BP PLC exploded last April. But it said the company still had an "exemplary" safety record because it met or exceeded certain internal safety targets concerning the frequency and severity of its accidents, according to the filing with the Securities and Exchange Commission on Friday.

Link

FUCK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!