RShaw
Demoman...
Posts: 147
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Post by RShaw on Mar 19, 2013 5:54:31 GMT -6
trappnman says........prices on products was time and material-
So where was the profit??
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Post by mostinterestingmanintheworld on Mar 19, 2013 6:09:43 GMT -6
the life of me I don't get why any of you think that what Wal Mart pays it's employees is anybody's business other than theirs and their employees?
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Post by trappnman on Mar 19, 2013 6:59:03 GMT -6
for the life of me, I don't understand island thinking
Joel- a simple, but serious question- do you in any way, consider yourself a Christian?
-------------------------- profit was factored into the time
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Post by bblwi on Mar 19, 2013 10:50:07 GMT -6
Walmart can pay what they want or need to. They just create an environment through conglomeration that eliminates competition and thus free markets as we would like them to be. If you review where Walmart penetrates market share the best it is around the fringe areas of suburbia and the more populated rural areas where driving to get items and shop is the norm, so driving a bit further is not a big deal.
Bryce
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Post by James on Mar 20, 2013 2:35:54 GMT -6
trappnman says........prices on products was time and material- So where was the profit?? "Time and materials" customarily includes mark-up on material cost and direct labor costs, to include overhead and profit. In the construction industry (here at least) profit + overhead usually amounts to around 20-25 percent. But I wouldn't know how the printing business works. Jim
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Post by James on Mar 20, 2013 2:38:01 GMT -6
the life of me I don't get why any of you think that what Wal Mart pays it's employees is anybody's business other than theirs and their employees? Did you read the earlier posts here? It's every taxpayer's business! We pay for the food stamps and other welfare WM workers need to survive. Why should I have to subsidize WM? Jim
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Post by bobbrennan on Mar 20, 2013 5:25:44 GMT -6
I think that if a good percentage of people thought wallmart was a bad company and didnt shop there they would have some competition and competition is the only thing that will change wallmart. as far as profits are concerned fear of loseing money is what makes an employer pay more now there are enough workers out there looking for jobs that wallmart doesnt have to pay more than what they do.
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Post by bobbrennan on Mar 20, 2013 5:35:36 GMT -6
unions only help the worker in a good economy if other workers that are qualified are available a company will tell the union to get lost and even move the company if they need to just lookat the auto industry detroit used to be king now tx. kent. s.c. and others thats not working so well for the unions or the union workers
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Post by mostinterestingmanintheworld on Mar 20, 2013 6:36:40 GMT -6
Jim, I'll turn that around on you, why should I have to pay foodstamps and welfare to anybody? Wal Mart employees or not?
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Post by trappnman on Mar 20, 2013 7:45:46 GMT -6
why should everyone else, have to pay NV so your state can function?
why should someone make money, on federal funds?
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Post by bogio on Mar 21, 2013 14:13:48 GMT -6
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Post by trappnman on Mar 21, 2013 15:18:07 GMT -6
if I'm reading this righht, it kind of dispells the myth that the rich are carrying the load
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Post by Nick C on Mar 21, 2013 16:18:50 GMT -6
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Post by musher on Mar 21, 2013 16:19:27 GMT -6
if I'm reading this righht, it kind of dispells the myth that the rich are carrying the load There are times when I wonder if the rich ARE the load.
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Post by trappincoyotes39 on Mar 21, 2013 17:07:24 GMT -6
Nick the same thing I saw bottom 50 of the workers paying next to nothing, to expound what dollar figures are tied to each?
Is I could have 37.4 of the top one percent versus 2.4 of of the bottom 50 what would net me more money?
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Post by bblwi on Mar 21, 2013 17:12:07 GMT -6
From an income and wealth perspective this chart is extremely misleading for a whole host of reasons. It does offer to those that state that the very rich pay way more then their fair share data they can use if they choose to. What this chart does not show Is the huge change in rates, downward, the huge increases in rapid expending, credits, depreciation,etc. and huge changes in capital gains taxation that allows about 1.8-2.5 trillion of earned income, wages and gains to not be taxed at all or at preferential rates. By far the high percentage of the unreported income would be in the top 25% of tax filers. They have lobbied well and this has helped them considerably.
Note that on average the taxes is only 12% of the total 8 trillion reported. There is only one group that has a tax rate of less than 12% and that is the 10% bracket for low income. So this whole tax rate crap is just that crap. Note that the average top 1% of which there was 1.3 million that earned 1.5 trillion paid a bit less than 30% of the reported income let alone the non reported income and they are in this bracket of 30 some % that everyone is ragging about. Note that the 1-5% payers. There are 6.7 million filers reporting 1.2 trillion and paying 210 billion in taxes. That is effectively 16.7% and not the 25% plus rate that we hear everyone crying about. Sure they pay more taxes than those that earn 34,000 but in no way do they even come close to paying at the rates that we publicize, criticize and champion. If we did tax the money at the rates without the loopholes we would have no deficit or a very small one and minimal national debt. Now that may well cause some economic down turns but we have ample evidence that over the last 30 years in trying to put more money into the hands of our citizens has not created more growth, more jobs, better jobs, better paying jobs etc. In fact those few with the higher incomes can effectively lobby to actually limit and control our economic growth. We also state that we have a 100 million people in the stock markets and yes we do but just look at the income figures from above and speculate how many millions the lower 50% have invested in a retirement future out of the 20 or so trillion the markets are worth.
If we are going to follow a plan where we feel lowering the taxes on 7 million tax filers will create the 23 million jobs that Romney and the GOP stated then we indeed need to take some basic economics courses once again. If we took a 100 billion less taxes from the two top groups and were to pay workers $15.00 per hour that would create about 3, 218,000 jobs not the 23 million that was tauted. Even with a rollover of times 3 that is 9 million.
We need to tax more and maybe in the 10-25% filers range and spend less. We may need to tax all of our SSI and raise Medicare premiums substantially. Back when the rich paid more in the 50s, everyone lived on less and there was less assistance and credits there was not pain but growth and sure we live in a better world today but so don't 3 billion other world citizens.
Bryce
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Post by trappincoyotes39 on Mar 21, 2013 17:44:26 GMT -6
Tax more will increase jobs and spending? If people live on less and basic needs go higher how does taking more in the top 25 make things better for all? You have basic needs spending and then other spending if people are using up a large portion for basic needs and those rates continue higher, how does that help any business that sells other than basic needs?
Gas, grocery, rent, house payment and local, state and fed taxes higher does what for people? This country is far more than spending the bulk of ones income on basic needs, if not then jobs will stay low and sales of many things off.
If you have very low consumer confidence you will never have good job growth or pay................
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Post by trappnman on Mar 21, 2013 17:48:54 GMT -6
you don't need to smoke pot, to be silly-
the point isn't that the rich aren't paying more- you don't have to have an accounting degree to know that- that's just simple math
20% of 100 million, is more than 25% on 50,000
the point is, is the relationship of taxes to income and that disparity is growing-
its not an old wife's tale that the rich are getting richer and the poor poorer- its a god damn diddly fact-
the wealth differential is growing, and any accounting major would surely know, that the wealth, are NOT playing with the same deck of cards that the rest of are. The rules are skewed in their favor- after all, they MADE the freaking rules.
tax reform? flat tax?
Please.
we cannot even eliminate loopholes and shelters so the rich pay on true income
if you think the Warren Buffet thing where he paid about 10% less than his sec is isolated, you would be wrong
Romney paid 14% in 2011-
what did YOU pay (collective you)?
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Post by trappincoyotes39 on Mar 21, 2013 19:23:52 GMT -6
Those loop holes are there for the majority of the politicians sitting in DC in fact many owe back taxes themselves. Doesn't matter D or R they will protect their own. In some states you can't work for or be hired by the state if you owe any back taxation of ny kind, wonder how many people on the DC payroll would be gone if the fed govt held f&t to those rules?
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Post by bblwi on Mar 21, 2013 20:14:18 GMT -6
The tax laws were not created for the law makers those that have the political power lobbied the law makers to create tax policy that favors about 7 million tax filers not the 535 members of Congress. The income levels of the highest 1% are so high they could pay the total cost of all the Congressional reps and still be in the 30% tax bracket.
if we want to believe in the youthful nation views that we have a free economy and you can achieve whatever you are capable of and willing to risk (which was when we had about 60 million citizens with 75% of those living in rural USA and mainly self sufficient. We live in a far different world today with a society that is no 80 plus % urban and a service based society that wants services at low cost and not creating wealth but creating entertainment and satisfaction. In a society that is dependent on service and consumer spending jobs are only created when their is a demand for services and not if there is a demand to create more wealth or items of value. Retail stores that sell foreign manufactured goods with commodities from foreign countries have almost no rollover impact to an economy. So the only way these stores can stay in existence is to find low cost goods that low income and stagnant income people can buy.
Bryce
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