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Corporations Admit Investors, Not Workers, Will Reap Rewards of #GOPTaxScam


#1

Corporations Admit Investors, Not Workers, Will Reap Rewards of #GOPTaxScam

Julia Conley, staff writer

"Republicans are handing corporations the tax plan of their dreams," warns Sen. Elizabeth Warren. "And the rest of us will be paying for their joy ride."


#2

From the article:

“…John Bogle has called the proposal “a moral abomination,” while Warren Buffett and the CEOs of Starbucks, BlackRock Financial Management, and Goldman Sachs have all publicly criticized the Republican plan.”

When high-rollers like these tell you this bill is bad, believe it.


#3

Fundamentalists must gamble in the WS Casino though it’s against the Biblical 10 Commandments:

The 10th Commandment
Commandment number ten found in Exodus 20:17 talks about coveting which is the root of many of our problems. What is one of the reasons that people gamble and play the lottery?

They covet money, which they hope to make in a quick and easy way. 1 Timothy 6:10 declares that “the love of money is the root of all evil.” Therefore, the enticement of gambling and playing the lottery comes under these texts.

http://www.bibleinfo.com/en/questions/does-bible-mention-anything-about-gambling


#4

The term “investors” implies that the person in question paid money into the corporation or company to contribute to its growth. In fact this applies to less than 1% of stock market transactions, those involving an IPO (initial public offering) of shares when a new company is launched on the stock market or when new shares are released to raise money. Only this money goes to the corporation.
Difficult to believe? This becomes obvious when one considers who the “investor” buys his/her shares from - not from the corporation in question but from another “investor”. None of that money goes to the corporation in question. Ever! This is as much gambling on the corporation as backing a racehorse where the money goes to a bookmaker, not to the owner of the horse.
The question is why should someone who has made no contribution whatsoever to the corporation receive compensation as a dividend and not the employees who clearly do make contributions on a daily basis.


#5

You can’t raise your hand when you’ve got it firmly installed in someone else’s pocketbook.


#6

Tom Steyer may be only self-serving or he may be the best thing to come along in a while. But, he’s taking it to Trump and Republicans better than the Dimocrats, currently.
I’ve contributed to Sen. Warren, Sen. Sanders and other worthwhile fighters, but the DNC needs to resemble more than a grouping of jellyfish, here. No more posing, get after these rotten s.o.b.s.


#7

The term implies one is investing money by purchasing an equity stake in the company from someone who wishes to sell theirs. Investing is not gambling. Employees are free to invest in their employer and 10’s of thousands do. Sometimes it’s done for them! Their daily contributions are rewarded with pay and benefits.


#8

Calling the purchase price of shares an equity stake does not change the fact that the purchaser makes no contribution, either of labor or financially, to the company whatsoever. In fact for a long established company, such shares may have changed hands dozens, if not hundreds of times since the initial buyer actually contributed some money to the company.
With computer trading, some trades may literally last milleseconds. I would struggle to think of this as investing.
While dictionaries may say that buying shares is an investment, my interpretation would be that investing implies making some contribution to the company, in the expectation of earning a return.
I would be happy to leave it up to readers to decide if they consider this a genuine investment.