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10-15-2011
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#91 | ||
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Member
 
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It shows that this level of corruption happens to other people around the world as well. And that's what this is about. People. People make the system. The system does not make the people. I avoid blaming objects or systems, none of it would exist without people. Systems are things that are accountable for nothing. There are people that can be held accountable. History will be their judge. Our children will pay the penalty. 16 years of people taking advantage of Clinton and Bush deregulation. 35 years of NeoCon Hawk influence on presidential powers. Equals pain and suffering for generations of hard working -honest- people.
You sound angry, try talking to real people before imagining dirty drug crazed "hippies" organizing anything like this. Last edited by erexx; 10-15-2011 at 04:51 AM. |
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10-15-2011
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#92 | |
  
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Sony just lost the PS3's chastity belt keys, secret fun spots are open to explore ...
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10-15-2011
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#93 | |
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Almost right Oozic.... They want control, and so do we lol
Noone wants freedom really, excepting the ones who were lucky enough to be born into money and rank. Start everyones life on the bottom rung and trust me, noone will want freedom, they will want all they can get  Also at AlienKid, I am just a wee bit disappointed in you for trying to play 'The Race Card' with KillerBug earlier in the convo 
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10-15-2011
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#94 | |
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I said before I believe in Yin Yang. Things need to be in balance. We need to have the same control over them as they have over us
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Sony just lost the PS3's chastity belt keys, secret fun spots are open to explore ...
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10-15-2011
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#95 |
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How Offshore Tax Havens Save Companies Billions
And i mean BIG companies, banks, M$, SONY, etc..... March 17, 2011 The top corporate income tax level in the United States is 35 percent. In the United Kingdom, it's 28 percent. But in Ireland, it's only 12.5 percent, and in Bermuda there's no corporate income tax at all. That means multinational companies that shift their earnings through Ireland or Bermuda can save billions of dollars in taxes each year. On today's Fresh Air, Bloomberg News reporter Jesse Drucker, who has written extensively about corporate tax-dodging, explains how companies like Google, Pfizer, Lilly, Oracle, Facebook and Microsoft have managed to reduce their tax rates by hundreds of millions — and in some cases, billions — of dollars by taking advantage of offshore tax havens. In October, Drucker reported that Google had saved $3.1 billion in taxes in the past three years by shifting the majority of its foreign profits into accounts in Ireland, the Netherlands and Bermuda using financial techniques called "the Dutch Sandwich" and "the Double Irish" arrangement. Basically, he says, Google credited its Irish office with the majority of its non-U.S. sales revenue — and then shuttled that money through various subsidiaries located in Ireland and other countries to save billions in taxes. More by Jesse Drucker in 'Bloomberg News' Dodging Repatriation Tax Lets U.S. Companies Bring Home Cash Google 2.4 Percent Rate Shows How $60 Billion Lost To Tax Loopholes Tax 'Shenanigans' Turn U.S. Sales To Foreign Income With Billions Offshore U.S. Companies Dodge $60 Billion In Taxes With Global Odyssey Exporting Profits Imports U.S. Tax Reductions For Pfizer, Lilly, Oracle "You have an Irish operating company out there selling ads — they actually have real employees in Dublin," he explains. "They make payments to a Dutch subsidiary with no employees, which in turn makes payments to a Bermuda-headquartered Irish company with no employees. And the result of all of this is that it all helps to cut about $3 billion in Google's income taxes in the last three years." Other companies have also been able to cut hundreds off their tax bills by shifting or licensing their earnings overseas. Forest Laboratories Inc., the manufacturer of the antidepressant Lexapro, cut its total income tax bill by more than a third last year by allocating income through various subsidiaries. "They're a company that does almost 100 percent of its sales here in the U.S., they have almost 100 percent of their employees in the U.S., they're headquartered in New York City and yet the majority of their profits show up overseas, most of them attributed to a mailbox in Bermuda," Drucker says. "An economist at Reed College estimated that the U.S. is losing $60 billion a year in federal tax revenue [from all U.S. companies], but she's actually in the process now of revising that estimate and has arrived at a figure closer to $90 billion." Enlarge Rozalia Szabo/Courtesy of Jesse Drucker Jesse Drucker is a reporter on the projects and investigations team at Bloomberg News. He previously wrote for The Wall Street Journal, The New York Observer and The Star-Ledger. Rozalia Szabo/Courtesy of Jesse Drucker Jesse Drucker is a reporter on the projects and investigations team at Bloomberg News. He previously wrote for The Wall Street Journal, The New York Observer and The Star-Ledger. Technically, companies aren't avoiding paying U.S. tax when they shift their income abroad, Drucker says. "You're merely deferring it for as long as you keep it outside the U.S.," he says. "These are indefinitely reinvested earnings in your non-U.S. operations. When you bring [earned income] home you're supposed to pay U.S. tax minus a credit for the income taxes you've already paid overseas. But companies have a number of techniques for bringing back profits without paying the tax." One technique, Drucker says, is lobbying the federal government for a tax holiday — a period of time when companies can bring back offshore profits one time at a reduced rate. Advocates of the plan say it would function as a non-government stimulus plan because as much as $1 trillion could flow back into the United States. "It sounds reasonable," Drucker says, "but I think there are two important things to say about that. No. 1 is that companies, according to the latest data from the Federal Reserve, are sitting on a record pile of cash — $1.9 trillion. So to the degree the economy is challenged right now, it's not from lack of cash at the disposal of companies. And there's a fair amount of academic research on what happened [after the last tax holiday, in 2004]. And the result is that there was very little hiring and very little investment that went on as a result of the $300 [or so] billion that came back. Most of that money seemed to buy back stock." i alsow want a dutch sandwich, i can't, even when i am dutch, damn need more money Source: http://www.npr.org/2011/03/17/134619...anies-billions |
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10-15-2011
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#96 | |
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Senior Member
 
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Anyway, they are still in the wrong place...they are protesting wall street and not those who control wall street (the government, the Fed, and the corporations)...they wave their american flags and they buy DRM'd music on their iPhones to pass the time, they drink starbucks coffee and eat starbucks muffins, and they make the whole thing look like a farce, which is all it really is.
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10-15-2011
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#97 | |
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I grew up dirt poor eating Ronnie cheese and peanut butter. I wore one green jump suit from kmart as a grade school kid for almost a year. I learned how to staple and sew my shoes together to make them last longer. Hunger is the way and being cold isn't so bad because its easy to build a fire. Most anything carbon based will burn. From poverty I have learned great appreciation for the things I do have. Humbled by people who still have less. Weary of people who have no real experience with poverty and the things that come with it. Those are the ones who scare me the most, self entitled and self important. Been working since I was 10 years old and haven't stopped. BottleWasher, DishWasher and Cook, whatever it takes to stay alive. I don't want more than the share required to live my life. I figure the opposite is the mentality that pushes people who arrive after your born to the fringes of society. Never been given the chance to succeed simply because they were born after someone else ate their cookie. No one said they couldn't so the sociopath rules. |
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10-15-2011
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#98 | |
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That's what I mean really. It's a sort of negative ideal (or opinion?) that I hold of humanity in general.
We have all seen films where the world is almost wiped out but for a handful of survivors and they band together to be truly sharing etc. I am a miserable old fart in that I think they would either wipe each other out through fighting, or we would see the elite classes start all over again from fresh. Greed rules the world, and it has since humanity started. It's not stricltly nurture based, but nature, so I do not honestly believe we will ever stop taking all we can get over ones who are less fortunate than us.
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10-15-2011
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#99 | |
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Join Date: Sep 2010
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I have to agree with you there are protesters on Wall Street who only want to profit and don't have any clue what is going on exactly. That's the way it always is. Most people here in my country don't even know why they vote for a political party, they just vote for what them is told to. You are a normal worker, you have to vote on a labor party. You are someone with money you have to vote liberal, if you believe in Jesus Christ Superstar you have to vote Christian and so on. Edit: Today is Occupy Amsterdam and The Hague in my country sadly (actually not if it comes to going out for dinner and bed gymnastics afterwards... ) I have better and way more nicer things to do today otherwise I would be there.( @EmBoLa.be : no Dutch sandwitch with the dinner and bed gymnastics btw )
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Sony just lost the PS3's chastity belt keys, secret fun spots are open to explore ...
Last edited by OoZic; 10-15-2011 at 06:21 AM. |
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10-15-2011
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#100 |
  
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It is happening in London now, if you check the Twitter hash tags #OccupyLSX and #OccupyLondon
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