...because the Marxist paradigm was better?
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| Why Bush/Obama's Corporate Bailouts Were Not Communism! https://gladerebooted.net/viewtopic.php?f=8&t=5235 |
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| Author: | Talya [ Thu Jan 13, 2011 4:10 pm ] |
| Post subject: | Why Bush/Obama's Corporate Bailouts Were Not Communism! |
...because the Marxist paradigm was better?
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| Author: | TheRiov [ Thu Jan 13, 2011 4:15 pm ] |
| Post subject: | |
isn't the basic premise of that flawed because it assumes that anyone who has money must have earned it? (as opposed to obtained it through theft, coercion, entitlements, luck, etc.) |
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| Author: | Talya [ Thu Jan 13, 2011 4:16 pm ] |
| Post subject: | Re: |
TheRiov wrote: isn't the basic premise of that flawed because it assumes that anyone who has money must have earned it? (as opposed to obtained it through theft, coercion, entitlements, luck, etc.) The bailouts were from future-taxpayers to bankrupt corporations. Who pays most of the taxes in your country? |
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| Author: | Corolinth [ Thu Jan 13, 2011 4:22 pm ] |
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Over 50% of our tax dollars are funded by the top 10% of wealth-holders. |
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| Author: | Talya [ Thu Jan 13, 2011 4:57 pm ] |
| Post subject: | Re: |
Corolinth wrote: Over 50% of our tax dollars are funded by the top 10% of wealth-holders. That's really only true if you count corporate taxes as applying to the shareholders instead of the consumers (who bear the majority of the cost) and employees (who shoulder more of it than the shareholders). Corporate taxes are just a hidden consumption tax on anyone who buys the corporation's products/services. Regardless, lots of taxes are not generally paid by criminals. |
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| Author: | Hannibal [ Fri Jan 14, 2011 1:56 pm ] |
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Well its been reported that AIG has completed its repayment plan. |
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| Author: | Talya [ Fri Jan 14, 2011 2:22 pm ] |
| Post subject: | Re: |
Hannibal wrote: Well its been reported that AIG has completed its repayment plan. Huh. I never looked into how the company I work for acquired AIG Canada. Seems AIG owed us $200 million dollars, and when they couldn't pay up, just gave us their Canadian division as payment. Edit: No, evidently, we paid $375 million for AIG Life of Canada, but then AIG's parent company also paid us back the $200 million they owed us. |
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