Corporations are also the biggest filers of chapter 11 bankruptcies, they take more than they give. It is not hard to argue that the tax payer is indirectly, if not directly funding the operations of corporations simply by paying taxes.

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I just wanted to say one word, and not directed at you Billy,

idiotic.

Yes corporations shouldhave their special benefits ended. They should no longer be recognized as people or have any rights whatsoever. The CEo of a corporation should be personally held responsible for the actions of that corporation and punished for anythign it does wrong. A corporation should be legally required to be run for the common good of all americans or be seized for the common good. It is disgusting and embarressing that in an advanced and civilized country like amerika that corporations are able to get away with so much abuse, crime, and holding people down as wageslaves. End the capitalist oligarchial tyranny and the world would be a much much better place.

__________________
“If this were a dictatorship, it’d be a heck of
a lot easier, just so long as I’m the dictator.”

– George W. Bush in Washington, D.C., Dec. 18, 2000

If you can't spell "America" properly, don't expect anyone to take you remotely seriously.

They don't take more then they give. That's absolutely impossible from a practical accounting standpoint.

Without the corporation this nation wouldn't even exist as a democracy or free nation. This Nation would be North Korea and the government would be making all the money off of the manufactured wealth.

Try again man.

If business was a liability rather then an asset to the economy then they [private businesses] wouldn't even exist.

__________________
Sic Semper Tyrannis






http://www.myspace.com/swoop187muzic

Of course they got bailouts, allowing some leaders of industry to fail would be catastrophic to the economy as we know it.

I don't think its right that the government FORCED lenders to lent to those who were "high risk" and ended up getting burned because of it.

Blaming the banks or auto industry is fucking stupid.

If only the banks could have said

"your black welfare ass doesn't qualify for a loan hence you don't get one" we wouldn't even be in this state were in now.

NOPE the government said "BANKS YOU MUST LEND TO THESE WELFARE FOLKS, ESPECIALLY MINORITIES and NO QUESTIONS ASKED"

^^ Those motherfuckers [those who wanted something for nothing] couldn't meet their end of the bargain and everything collapsed.

If you put time and money into a product and don't get paid for that product YOU WILL LOOSE YOUR FUCKING BUSINESS. THIS IS FACT.

__________________
Sic Semper Tyrannis






http://www.myspace.com/swoop187muzic

Ok, can you a actually back up the part in bold? Where did you get that info from?

Because in actuality, they could have been told to lend to those and done so at lower rates and asked the government for something in return or just bit the bullet and taken a much lower profit than usual. But no, the way the banks came up with to loan to these people was to introduce a low introductory payment that would then go up an unknown amount. If the lenders asked for 1% APR permanently, that would drop the average payment by 45%, for example,
1. A 150k mortgage at 5.75% is 875.36 a month
2. A 150k mortgage at 1% is 482.46 a month.

In case 2, the bank still earns interest and possibly could have received government assistance for making the loan, however the payment is low enough that the borrower can afford it.

But no, the banks (yes the banks) were greedy and came up with a way to entice people into the loan with the low payment and then adjust it later. And the banks were pressured by Wall Street investment holding firms (like hedge funds) that like how quickly the bank numbers could increase when they lowered their requirements for lending.



I think it's pathetic how you hold corporations on a pedestal and blame your fellow americans for everything that is wrong with this country, when in reality, the influence that is most heard in our government is from the very people who run the Banks, who run the Oil companies, who run the Power companies, who run the Health Care industry. Those are the people who are talling the politicians what to do, and the politicians are listening, now read that again and consider the state of US industries and the US economy.

Well thats the good little consumerist sheep that the oligarchic overlords what in american citizens. Not people who actually care about each other and willing to do what it takes for the common good of all humanity and our society but a bunch of selfish greedy what have you done for me lately capitalist scumbags willing to sell their own mother's kidneys just so they can have the latest flat screen tv.


Wow now theres a blatantly racist comment assumign that all the loans and the problems where caused by poor black people when it was the banks ripping peopel off and running con games that caused all of this mess. But its okay to exuse the overlords because you have a handy racist scapegoat you can blame.


You know he way thigns are going with the corporate/megacorp power grap and how much of the sickness that is capitalism is there is in this country it might be splled America with a little trademark symbol by the end of it.

__________________
“If this were a dictatorship, it’d be a heck of
a lot easier, just so long as I’m the dictator.”

– George W. Bush in Washington, D.C., Dec. 18, 2000

Bill Clinton's drive to increase homeownership went way too far - BusinessWeek

Bill Clinton discontinued the federal welfare program and then forced the banks to lower their lending standards.

Those folks were on welfare for a reason.

Like I said, it wasn't only the welfare folk but it was pretty much anyone who wanted something for nothing who took advantage of the lowering of credit standards.

Everybody knows this.

Its common knowledge...

__________________
Sic Semper Tyrannis






http://www.myspace.com/swoop187muzic

Yeah, um show me where "black welfare ass" translates into "Swoop187 feels the white race is superior to the black race"

Because thats what you would need to do in order to paint me as a racist in reality.

Furthermore I clearly pointed out that IT JUST WASN'T THE WELFARE FOLKS its was pretty much ANYONE who wanted something for little to nothing.

__________________
Sic Semper Tyrannis






http://www.myspace.com/swoop187muzic

I was responding to your comment that corporations are the biggest tax payers. My response was that they make up the largest percentage of filers of Chapter 11 bankruptcies. What they 'give' is canceled out ten fold through what they take. This is not even including corporations that are rewarded tax breaks, find law loopholes, are given bailouts or make all their money from tax revenue and government contracts such as private prisons and munitions corporations.

You are just an apologist for state capitalism (mercantilism), plain and simple.

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Ahh so it as the capitlist scumag bankers andbusiness owners fault after all thank you.

And black welfare ass is a racist and derogatory term that if you do not understand that then I am sorry for you. As for proof look at your posts and it is self-evident.

__________________
“If this were a dictatorship, it’d be a heck of
a lot easier, just so long as I’m the dictator.”

– George W. Bush in Washington, D.C., Dec. 18, 2000

DO you comprehend Bill Clinton discontinued the ENTIRE welfare program?

Are you aware Clinton told these people to go buy house and their own shit and FORCED the fucking lenders to finance this?????

They were on welfare for a reason, because they were lazy fucks that DIDN'T WANT TO WORK. Those same lazy fucks today refuse to work and now live on STATE WELFARE rather then federal welfare.

ITS FUCKING DISGUSTING HOW ANYONE COULD EVEN DEFEND THESE WELFARE LAZY FUCKS WHO REFUSE TO WORK.......THEY REFUSE TO FUCKING WORK, THEY REFUSE TO FUCKING WORK....

Well I'm not a nut that believes in the "US [people] vs Them [corporation]" ideology.

If people fuck up its their fault and I'm not just going to jump on the "US" bandwagon. Now its quite clear people REALLY fucked up and took on debt with no worries and in some cases people took on debt with no intention to pay it back. Collectively that is TOXIC to our economy.

Now I don't buy the cries of interest rates from these assholes. Whats the difference between 5% and 10% when your 60 grand in debt and only make 35 a year?????

As usual its those that cry the loudest about the banks that were the ones looking to rip off the banks them selves.

Furthermore I find it fucking astounding how the people hate the banks but its the banks and other lenders that PROVIDE THEM OPPORTUNITY to buy a truck or start a business or even buy every day goods...

They front the fucking money for you THE MONEY YOU DON'T HAVE.

If this country didn't have banks willing to lend money to people then this NATION WOULDN'T BE WHAT IT WAS YESTERDAY.

Now people can continue to play the US vs THEM game or they can grow the fuck up and point fingers where they belong.

Now I'm NOT saying the banks DIDN'T play a role in this and they are NOT to blame but what I am saying is THEY AREN'T THE ONLY ONES TO BLAME.

1. Clinton lined up the dominoes to fall
2. Republicans let him
3. The people pushed those dominoes over by taking advantage of Clintons lax credit standards forced on the banks by him.
4. The banks asked for high interest rates on high risk loans.

The banks played a role sure their hand was FORCED BY CLINTON.

__________________
Sic Semper Tyrannis






http://www.myspace.com/swoop187muzic

These banks just fronted people cars, homes, groceries, video games, shoes, cash advances etc.... Whatever they wanted the bank was FORCED to buy fort them and they NEVER paid the banks back...

You're out of line buddy.....

__________________
Sic Semper Tyrannis






http://www.myspace.com/swoop187muzic

You obviously have ZERO concept of how business works.

That statement is completely asinine and even if it was true it would be moot to boot.

I will say that most small business' fail, that would be correct and these small businesses cost the government and banks NOTHING... Its the owners CAPITAL and the businesses ASSETS that go down the tubes in those situations.

The whole practice of accounting generally prevents this from happening.

BTW you want to talk about tax shortcuts and breaks?????

Show me examples of these "tax breaks" you're fed up with.

Like how manufactures don't pay taxes on components??????

Why the fuck should a manufacturer pay taxes on a component that is used to make something else that will be taxed again?

Do you want to pay $85,000 for a Honda???

GODDAMN RIGHT businesses get tax breaks but that's just to make the product economically viable. YOU CANT PAY TAXES AT EVERY STAGE OF PRODUCTION.

You can pay the CEO's a billion per year and that wont change the fact the Honda is $85,000 a price that people CANT AFFORD.

Tax breaks actually keep the economy "reasonable" meaning if businesses had those tax breaks taken away you would see massive inflation on all products...

__________________
Sic Semper Tyrannis






http://www.myspace.com/swoop187muzic