Liberals and their understanding of economic...

[hmgROCK]

at this point, it's all about politics...lib erals will say, $3billion is alot of money, use it for the community, cut down taxes and etc (same as AOC addressed amazon)..not realizing that there will not be any more income after spending that money.  this is where cities, states become poor and broken down...it's because the politicians are not looking for your best interest...the y're not promoting self-sufficiency nor jobs...they want to keep you poor and yet, still ask for your votes by saying, "..see, i'm working for you by giving you welfare money!"   when nobody works because the lack of jobs, the life of crime rises...with no income tax to build the city, your property value lessens (your streets don't get clean or repair, no one to take care of parks and recreations, and all other things that derives from income taxes) and businesses gets shut down because nobody can afford food, services and it's enjoyments.

Bro


It’s about getting a good fair deal
Trump talks about this all the time
I even agree with trump
That the USA is being taken advantage of

The Foxconn and amazon are not a good fair deal
Open your eyes

Amazon is already paying zero federal tax

[w1s3m0n]

You cannot educate the liberals who lack a clear understanding of simple economics because they are blinded by their idealism.  I gave a precise example using Mao who was so idealistic he allow MILLIONS of Chinese to starve to death because of idealism.  Mao wasn't willing to be PRAGMATIC and work with the WEST to create jobs.  It wasn't until Deng became more powerful and Mao's power wane did China even saw a glimmer of hope.  What we know today about LEADERSHIP is it must have these three components:
1) Servant mindset to stakeholders,
2) Pragmatic to problem-solving, and
3) Transformative towards the prosperity of the collective.

AOC philosophy and those like her will demonstrate a lack of PRAGMATISM and lack of TRANSFORMATION .  Those like AOC will believe they are serving their stakeholders but it will not result in PROBLEM-SOLVING or PROSPERITY.  Therein lies the problem with SOCIAL-LIBERALISM today.  Sadly, the path to hell is paved with good intention...cl iche but applies so well.

at this point, it's all about politics...lib erals will say, $3billion is alot of money, use it for the community, cut down taxes and etc (same as AOC addressed amazon)..not realizing that there will not be any more income after spending that money.  this is where cities, states become poor and broken down...it's because the politicians are not looking for your best interest...the y're not promoting self-sufficiency nor jobs...they want to keep you poor and yet, still ask for your votes by saying, "..see, i'm working for you by giving you welfare money!"   when nobody works because the lack of jobs, the life of crime rises...with no income tax to build the city, your property value lessens (your streets don't get clean or repair, no one to take care of parks and recreations, and all other things that derives from income taxes) and businesses gets shut down because nobody can afford food, services and it's enjoyments.

[w1s3m0n]

Here are Amazon stats in 2018:

1) 238.88B in revenue
2) 27B EBITDA
3) 4.33% Net Profit Margin

https://www.macrotrends.net/stocks/charts/AMZN/amazon/profit-margins

Amazon makes $0.0433 cents on a dollar.  Name another organization who is willing to do this?  Most people want a quarter on the dollar.  I bet you won't work for 4 cents on a dollar.  The reason why Amazon is killing everyone because Amazon is not focused on profit, it focuses on market domination via marginal cost theory. 

Come on you are suppose to be the accountant/financial experts on this forum.  Do your math bro before speaking out loud like a person who has no business savvy.

Bro


It’s about getting a good fair deal
Trump talks about this all the time
I even agree with trump
That the USA is being taken advantage of

The Foxconn and amazon are not a good fair deal
Open your eyes

Amazon is already paying zero federal tax

[hmgROCK]

Here are Amazon stats in 2018:

1) 238.88B in revenue
2) 27B EBITDA
3) 4.33% Net Profit Margin

https://www.macrotrends.net/stocks/charts/AMZN/amazon/profit-margins

Amazon makes $0.0433 cents on a dollar.  Name another organization who is willing to do this?  Most people want a quarter on the dollar.  I bet you won't work for 4 cents on a dollar.  The reason why Amazon is killing everyone because Amazon is not focused on profit, it focuses on market domination via marginal cost theory. 

Come on you are suppose to be the accountant/financial experts on this forum.  Do your math bro before speaking out loud like a person who has no business savvy.

lol, bro why you soo mad???

i must admit, amazon they got some good accountant, probably better than me
but i will tell you what they did, because I USED TO DO IT WHEN I WAS WORKING IN ACCOUNTING

we will just use simple number and zero for simple sake

amazon made $11,000,000,000   corporate tax rate was 35%

$11,000,000,000  x  .35%=  $3,850,000,000  <<<<this is the tax they were paying before the cut

with now with the trump tax cut

$11,000,000,000  x   .21%=  $2,310,000,000   <<< this is the tax they are paying

after that

1.  paid your CEO, give out bonus to tops
2.  buy back your stock
3.  increase your deprecation expense
4.  get tax freebie (like new york was willing to offer zero tax)
5.  keep writing stuff off
6.. etc.. many loophole

and there you have it

zero federal tax

i know THIS CUZ I USED TO DO IT WHEN I WAS WORKING IN ACCOUNTING


when you got cities offering zero tax and tax break for you to move in and open a shop
that how you paid zero tax, IT'S NOT ROCKET SCIENCE, YOU CAN FIGURE THIS OUT, DON'T NEED TO BE AN ACCOUNTANT

[w1s3m0n]

You are not telling the whole story.  From 2012-2017 Amazon spent too much money on R&D and in human capital.  Their net profit was almost ZERO.  Yes, they paid their people handsomely and those people paid their fair share of taxes.

Now if you really want to address the REAL issue, then the REAL issue is social security tax cap at 132k and a dividend tax rate at 15%.  If I was the master of the universe I would lift the social security tax cap so people making more than 132k continues to pay more taxes.  I would also remove the dividend tax rate and tax it at the income rate.  In addition, I would adjust the wash sale regulation so normal people are not handcuffed to wash sale regulation and give them equal footing to day traders.  The whole idea behind the dividend tax rate is a scam.  The concept behind it originally was to avoid people gambling on Wallstreet and to invest.  Guess what, the daytraders/hedge funder traders are gambling our money on Wallstreet and making a killing.  Equalize the playing field with LESS REGULATION.

Also, BUILD JOBS...DON'T KILL JOBS...JOB KILLING IS STUPID. 

lol, bro why you soo mad???

i must admit, amazon they got some good accountant, probably better than me
but i will tell you what they did, because I USED TO DO IT WHEN I WAS WORKING IN ACCOUNTING

we will just use simple number and zero for simple sake

amazon made $11,000,000,000   corporate tax rate was 35%

$11,000,000,000  x  .35%=  $3,850,000,000  <<<<this is the tax they were paying before the cut

with now with the trump tax cut

$11,000,000,000  x   .21%=  $2,310,000,000   <<< this is the tax they are paying

after that

1.  paid your CEO, give out bonus to tops
2.  buy back your stock
3.  increase your deprecation expense
4.  get tax freebie (like new york was willing to offer zero tax)
5.  keep writing stuff off
6.. etc.. many loophole

and there you have it

zero federal tax

i know THIS CUZ I USED TO DO IT WHEN I WAS WORKING IN ACCOUNTING


when you got cities offering zero tax and tax break for you to move in and open a shop
that how you paid zero tax, IT'S NOT ROCKET SCIENCE, YOU CAN FIGURE THIS OUT, DON'T NEED TO BE AN ACCOUNTANT

[Gucci K]

You cannot educate the liberals who lack a clear understanding of simple economics because they are blinded by their idealism.  I gave a precise example using Mao who was so idealistic he allow MILLIONS of Chinese to starve to death because of idealism.  Mao wasn't willing to be PRAGMATIC and work with the WEST to create jobs.  It wasn't until Deng became more powerful and Mao's power wane did China even saw a glimmer of hope.  What we know today about LEADERSHIP is it must have these three components:
1) Servant mindset to stakeholders,
2) Pragmatic to problem-solving, and
3) Transformative towards the prosperity of the collective.

AOC philosophy and those like her will demonstrate a lack of PRAGMATISM and lack of TRANSFORMATION .  Those like AOC will believe they are serving their stakeholders but it will not result in PROBLEM-SOLVING or PROSPERITY.  Therein lies the problem with SOCIAL-LIBERALISM today.  Sadly, the path to hell is paved with good intention...cl iche but applies so well.

quite the truth...becaus e they weren't selective with the companies nor the work that was available, consumers paid hundreds of dollars for items "made in china"! ha!

[hmgROCK]

Now if you really want to address the REAL issue, then the REAL issue is social security tax cap at 132k and a dividend tax rate at 15%.  If I was the master of the universe I would lift the social security tax cap so people making more than 132k continues to pay more taxes.  I would also remove the dividend tax rate and tax it at the income rate.  In addition, I would adjust the wash sale regulation so normal people are not handcuffed to wash sale regulation and give them equal footing to day traders.  The whole idea behind the dividend tax rate is a scam.  The concept behind it originally was to avoid people gambling on Wallstreet and to invest.  Guess what, the daytraders/hedge funder traders are gambling our money on Wallstreet and making a killing.  Equalize the playing field with LESS REGULATION.

to many, social security is consider a socialism program
i mean it's in the name itself:   SOCIAL
giving money to poor, old, and disable who can't work

daymee

why you going against your belief? that you been preaching and bashing???
i guess social program do work after all
don't worry, when you get old, you will get it

[hmgROCK]

quite the truth...becaus e they weren't selective with the companies nor the work that was available, consumers paid hundreds of dollars for items "made in china"! ha!

[w1s3m0n]

You are right, social programs are VERY important.  You are right, we must be compassionate to our fellow citizens who are poor, old, and disable who cannot work.  Now let me ask you this - if Amazon HQ2 opens in NYC area, a lot of jobs will be created.  Many people will have a job, and when they get paid, Amazon will pay 50% of the social security for the worker, and the worker will pay 50% of social security.  The poor, old, and disabled who cannot work, will now have income.  So what happens when those able to work don't have a job?  The poor, old, and disabled cannot depend on social security.  Saying no to job creation is saying no to social security.  Job creation is HUMAN DIGNITY AT WORK...

I GIVE UP.  The F'ng education system screw all of you millennials so bad you cannot even connect the dots of a 2-layer critical thinking scheme.  If you got a college degree, tell them to give you a refund.

to many, social security is consider a socialism program
i mean it's in the name itself:   SOCIAL
giving money to poor, old, and disable who can't work

daymee

why you going against your belief? that you been preaching and bashing???
i guess social program do work after all
don't worry, when you get old, you will get it

[hmgROCK]

You are right, social programs are VERY important.  You are right, we must be compassionate to our fellow citizens who are poor, old, and disable who cannot work.  Now let me ask you this - if Amazon HQ2 opens in NYC area, a lot of jobs will be created.  Many people will have a job, and when they get paid, Amazon will pay 50% of the social security for the worker, and the worker will pay 50% of social security.  The poor, old, and disabled who cannot work, will now have income.  So what happens when those able to work don't have a job?  The poor, old, and disabled cannot depend on social security.  Saying no to job creation is saying no to social security.  Job creation is HUMAN DIGNITY AT WORK...

I GIVE UP.  The F'ng education system screw all of you millennials so bad you cannot even connect the dots of a 2-layer critical thinking scheme.  If you got a college degree, tell them to give you a refund.

damn bro, why you gotta drop the F bomb
we are just talking man

also your employer matches 100% of your social security and medicare
not 50%, dollar for dollar
you going be like that is a great thing,
ERRR... NO.... paid your worker low than you won't have to match alot
federal minimum wage is $7.25  x 1.45%(medicare rate)=  10 Cent ish
employer matchines 10 cent for a total of 20 CENT!!!!!!
WOOOT

I KNOW THIS BECAUSE I USED TO DO THIS TO MANY PEOPLE
 




IT'S ALL ABOUT BEING FAIRNESS
THEY TAUGHT THAT IN SCHOOL, REMEMBER
IF YOU HAVE 20 APPLE, YOU SHARE THEM TO YOUR CLASSMATE..... right???
hahaha, that not how it work in the real world

[w1s3m0n]

Tou works for Amazon.  For simplicity, we'll say Amazon matched dollar for dollar for Tou and Tou paid 1 dollar and so Amazon paid 1 dollar to match.  Tou now has 2 dollars in social security.  How much did Tou contribute to the $2?  50%.  How much did Amazon contribute to the $2?  50%.  Needless to say, your attempt to correct me is a complete red herring.  You know people use red herring when they got nothing.

Instead of talking idealism, we need to talk about pragmatism and practicality.  Is life fair?  The answer to that is an astounding NO.  Is the wage distribution fair?  Absolutely not...there is huge income inequality.  What dictates a person's wage?  Skill and experience.  Why should a person make more?  Skill and experience.  The law of supply and demand has and will always be in effect when it comes to the labor market.  Trying to fix the labor market with regulation is not how it should be done.  What should be done is to create a booming economy that raises the demand for labor and as a result, wages raises.  The other way is to cause period of inflation but the rich will capitalize on this the most like in the 1970-1980...thank you DFL and GOP for inflation.

The whole AMAZON HQ2 is a complete debacle by the "regressive" left.  The pragmatic left would have negotiated the deal then work towards better economic means.  I am floored about how denying jobs makes NYC more prosperous.

You play the stock market.  Do you understand what money flow means?  What happens when there is no money flow?  The stock stinks.  What happens when there is no influx of jobs?  The wage drops.  Do you want wage growth?  Bring more jobs.  The level of analysis to be done must be MULTI-FACTORIAL because the reality we exist in is a HIGH-DIMENSIONALITY space.  So doing single factor analysis or even 2-factor analysis doesn't give you enough insight into fixing society.  1 or 2 factors only tell you a problem exists...but doesn't tell you how to solve it.  Which is why policy people f'ck sh1t up all the time... single or double factor analysis don't always tell you how to solve the difficult problem...it only helps you identify there is a problem.

My recommendation to all millennial who wish to solve the world problems, they become an astute student of quality and complexity science.

damn bro, why you gotta drop the F bomb
we are just talking man

also your employer matches 100% of your social security and medicare
not 50%, dollar for dollar
you going be like that is a great thing,
ERRR... NO.... paid your worker low than you won't have to match alot
federal minimum wage is $7.25  x 1.45%(medicare rate)=  10 Cent ish
employer matchines 10 cent for a total of 20 CENT!!!!!!
WOOOT

I KNOW THIS BECAUSE I USED TO DO THIS TO MANY PEOPLE
 




IT'S ALL ABOUT BEING FAIRNESS
THEY TAUGHT THAT IN SCHOOL, REMEMBER
IF YOU HAVE 20 APPLE, YOU SHARE THEM TO YOUR CLASSMATE..... right???
hahaha, that not how it work in the real world

[w1s3m0n]

"If you work hard and you don't give up, you can do anything." - Lady Gaga.  That girl is smart.

[Gucci K]

damn bro, why you gotta drop the F bomb
we are just talking man

also your employer matches 100% of your social security and medicare
not 50%, dollar for dollar
you going be like that is a great thing,
ERRR... NO.... paid your worker low than you won't have to match alot
federal minimum wage is $7.25  x 1.45%(medicare rate)=  10 Cent ish
employer matchines 10 cent for a total of 20 CENT!!!!!!
WOOOT

I KNOW THIS BECAUSE I USED TO DO THIS TO MANY PEOPLE
 




IT'S ALL ABOUT BEING FAIRNESS
THEY TAUGHT THAT IN SCHOOL, REMEMBER
IF YOU HAVE 20 APPLE, YOU SHARE THEM TO YOUR CLASSMATE..... right???
hahaha, that not how it work in the real world

LOL...here's the problem with liberals..they think they can retire on social security alone, because they think government owes them.  they think that social security has this unlimited amount of money that they get paid equal to what everyone else is getting, for those who are retired.  fact of the matter is if you apply for social security now, they will base it on the amount of your contribution to social security.  if you haven't worked a day in your life, you better be mentally retarded, born incapacitated and/or some qualifying disability, in order to receive social security benefits.  And using amazon's example provided by the wiseman...peop le who work for amazon receives great benefits: the financial security added to retirement (401K, matched by company, life and disability paid by company)...the ability to OWN amazon via Restricted Stocks Units - how would you like to have "Owner of Amazon" on your resume? plus many other crucial benefits (Healthcare, time offs, maternity, holidays and etc)...not to mention the best benefit of all...DISCOUNTS!  ha!

speaking of fairness...how about splitting your hard earned $20 among your 30 classmates? if you're smart you would rather sell them apples.

[Believe_N_Me]

Meanwhile, Wisconsin taxpayers are forced to pay $4.5 billion to Foxconn to bribe them into building a factory near Milwaukee.  That's how conservatives make jobs happen.

You're obviously clueless to the fact that a lot of Milwaukee residents could use jobs AND so could residents who lost out on Amazon because of AOC.

[Believe_N_Me]

foxconn is only going do research only now
don't know how many job, but it's not going be 13,000
they not going do what they say they going do in the first place
this is what we call a classic BAIT AND SWITCH
Us Wisconsinite got made a fool, probably going get laugh at



https://thehill.com/opinion/technology/431003-wisconsins-bad-deal-with-foxconn-is-a-lesson-for-other-states

Two years ago, Taiwanese tech company Foxconn promised to construct a $10 billion factory and create up to 13,000 jobs in the southeast portion of the Wisconsin. Last month, however, the company announced it was altering its plans for the factory. Although the company still intends to build a facility, it is unclear how many and what types of workers that facility would hold.

Oh right. Because it's better to have companies that only pay entry-level. God forbid there are any companies that offer employment for those with skills!

Wisconsin needs to keep the talent in their state instead of pushing them out to other tech states.