Home |
Search |
Today's Posts |
|
#1
![]() |
|||
|
|||
![]() "jps" wrote in message ... In article , says... OlBlueEyes wrote: chuckgould wrote: : Nominee for today's "dumb as a post" post. Most Libs never learned HOW to think. Not much use in today's world for these ghetto trained "intellectuals." Little wonder this one migrated to selling used cars, ripping off the public and government in tax fraud schemes, and other assorted shyster "deals." -- Skipper You clearly have libs and the right wing interposed. Ripping off the public and government and tax fraud are the exclusive domain of America's public corporations. You have forgotten about all of the individuals that file tax returns every year. How many of them have committed fraud with the returns they filed. If they didn't move money and jobs offshore, we wouldn't have to support such a heavy burden in the social welfare system. Again, corporations are in business to make money. If moving a funciton offshore will increase profits then it is a wise move. The US labor force needs to understand that they are part of this problem with their demands for outrageous wages and benefits. Moving money from the pockets of the former middle class into the pockets of the investor class. Investor class? Do you know who is part of the the investor class? Everyone that has a 401k, IRA or pension plan. That money doesn't get put into a "lock box" and majically multiply. It is invested in corporations and other business endeavors to have that money multiply. |
#2
![]() |
|||
|
|||
![]() |
#4
![]() |
|||
|
|||
![]()
In article , says...
"jps" wrote in message ... In article , says... "jps" wrote in message ... Moving money from the pockets of the former middle class into the pockets of the investor class. Investor class? Do you know who is part of the the investor class? Everyone that has a 401k, IRA or pension plan. That money doesn't get put into a "lock box" and majically multiply. It is invested in corporations and other business endeavors to have that money multiply. Yes, indeed. I know that investor class who had all their money wrapped up in Tyco and Enron and Adelphia are feelin' real good about their returns. And United Airlines and a hundred others that will default on their pension plans. Corporate America, best friends with the Bush Administration, unless they're among the suckers who have to purchase fossil fuels. Where do you have your money invested? I hope its not in a mattress or buried under a rock. My money is invested in my business -- the same business that covers its employees with exorbitantly expensive medical insurance, workers comp, social security and medicare taxes, etc. Our 401K doesn't include our own stock. The folks who run publicly traded companies are on a nasty treadmill that rewards foolish short term thinking. jps |
#5
![]() |
|||
|
|||
![]() jps wrote in message ... My money is invested in my business -- the same business that covers its employees with exorbitantly expensive medical insurance, workers comp, social security and medicare taxes, etc. Our 401K doesn't include our own stock. The folks who run publicly traded companies are on a nasty treadmill that rewards foolish short term thinking. jps I owned and ran a privately held company for years that operated exactly like yours, as described in your first paragraph. In 2000 the company was purchased by a large, public company and all the rules changed. Positive quarterly reports became more important than producing a quality product. I realized after a while, however, that the senior management and board of directors were under immense pressure by outside analysts and investment managers of 401k and other investment plans to meet the quarterly numbers. These people in turn are under pressure by the individual investor to manage their portfolios for max returns. Collectively, all the "small" investors (via 401k and other retirement accounts) who probably have no idea where their money is invested, or what product the company makes, have only one interest - how much money are they making. So, it's a vicious circle. Fortunately for me, I was able to exit stage left, as it became more and more frustrating to convert a labor of love into the big company "corporate" style. Eisboch |
#6
![]() |
|||
|
|||
![]()
Eisboch wrote:
... I realized after a while, however, that the senior management and board of directors were under immense pressure by outside analysts and investment managers of 401k and other investment plans to meet the quarterly numbers. These people in turn are under pressure by the individual investor to manage their portfolios for max returns. Collectively, all the "small" investors (via 401k and other retirement accounts) who probably have no idea where their money is invested, or what product the company makes, have only one interest - how much money are they making. Well said. So, it's a vicious circle. Yep. Unfortunate. And a vicious circle that we should all take an interest in getting out of. Fortunately for me, I was able to exit stage left, as it became more and more frustrating to convert a labor of love into the big company "corporate" style. I'm in somewhat the same boat, except that I am not out of it yet and may never be. We have managed to form an enclave of sanity within the larger corporate structure, and at times it's better than before since we don't have any financial cliff-hangers any more. OTOH I am getting tired of fighting off greedy corporate hands plucking at our inventory, our MSAs, and our annual profit sharing. Regards |
#7
![]() |
|||
|
|||
![]() |
#8
![]() |
|||
|
|||
![]() On 28-Sep-2005, "Bert Robbins" wrote: You have forgotten about all of the individuals that file tax returns every year. How many of them have committed fraud with the returns they filed. Hopefully every damn one of them. |
Reply |
Thread Tools | Search this Thread |
Display Modes | |
|
|
![]() |
||||
Thread | Forum | |||
OT--Here's one bill that will never pass | General | |||
Kerry really concedes | General | |||
Crimes Against Nature-- RFK, Jr. Interview | General | |||
What to love about the United States. | ASA |