RE: FINALLY! The CEO TAKES CHARGE!

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RE: FINALLY! The CEO TAKES CHARGE! - 10/22/2009 8:39:01 AM

Termyn8or

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While I agree Merc, this all may boil down to windows dressing. Besides how they decide to enforce it, it also remains to be seen how people will find ways to cheat. Actually that might be a positive effect, maybe some of these nice vacation spots, and who knows like boat and all that, would remain company property. That would be my first step. New law, costs me money, call my multicultural team of lawyers and figure out ways to beat this. That would be a first step. Next would be actually shielding the income through the use of other shell corporations or subsidiaries. The fast way would be for the company to buy certain things for use by their executives, ownership does not transfer, therefore it is not compensation, unles you want to figure in a little rent, which can be set pretty low of course.

If the government has actually bought into these companies, and can act as a CEO, this brings up another thought. If I were a CEO I would expect a good paycheck, and unlike some I would let a good part of it be based on the performance of the company. If the government assumes this role, it is entitled to pay. Since they used our money to do it. So the gov should be raking off profits like an old mafia movie scene. When they make money, you can have maybe 35% of it in taxes, or you can just take 65%. This money would go directly to pay back the bailout. This money would go exactly from where it came. In other words, they printed it, well unprint it. Remove those amounts from circulation, which should have an effect on inflation.

But then as CEO I still would've fired them all. And I would not work for a dollar a year because someone else ran the company into the ground (Iaccoca & Chrysler). So basically demand that money and put it back where it cam from, that woulod be my solution. This would not solve the whole mess, but is a step in the right direction. If you gave them a billion, all you need back is a thousand million. Interest would be nice, but if it is taken this way, maybe just take what you can get.

Thursday morning ramble over. But it's an idea. If I buy enough stock in a company that I can get myself in the big chair, I expect some money. Why not them ?

T

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RE: FINALLY! The CEO TAKES CHARGE! - 10/22/2009 11:03:21 AM

willbeurdaddy

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quote:

ORIGINAL: rulemylife

Forty-five percent of the people in this country pay no taxes because they fall in the lowest tax brackets while those who hold most of the wealth in this country fall in the top five percent and managed to con the "have-nots" into supporting cutting taxes for the "haves".

The stupidity and internal inconsistency of this statement is breathtaking.

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RE: FINALLY! The CEO TAKES CHARGE! - 10/22/2009 11:04:33 AM

mnottertail

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perhaps you could point out those internal inconsistencies for the group.

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RE: FINALLY! The CEO TAKES CHARGE! - 10/22/2009 7:54:44 PM

rulemylife

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quote:

ORIGINAL: willbeurdaddy

quote:

ORIGINAL: rulemylife

Forty-five percent of the people in this country pay no taxes because they fall in the lowest tax brackets while those who hold most of the wealth in this country fall in the top five percent and managed to con the "have-nots" into supporting cutting taxes for the "haves".

The stupidity and internal inconsistency of this statement is breathtaking.

That's awfully easy to say.

Now, for once, back your remarks with some sources and documentation.

I've documented what I've said above many times on this board.

Prove me wrong.

< Message edited by rulemylife -- 10/22/2009 8:01:06 PM >

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RE: FINALLY! The CEO TAKES CHARGE! - 10/22/2009 7:59:03 PM

slvemike4u

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Big boy panties?...now I'm really confused.

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RE: FINALLY! The CEO TAKES CHARGE! - 10/22/2009 8:00:28 PM

BKSir

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He finally grew a pair! Now if the rest of them would...

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RE: FINALLY! The CEO TAKES CHARGE! - 10/22/2009 8:08:44 PM

rulemylife

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quote:

ORIGINAL: slvemike4u

Big boy panties?...now I'm really confused.

Who said that?

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RE: FINALLY! The CEO TAKES CHARGE! - 10/22/2009 8:14:42 PM

Termyn8or

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Exactly. The figure of 45% is not unfathomable. You have the young, the old, the infirm, the retired as well as many others who somehow become "entitled". Government retirement while not a big drop in the bucket, would do well to be abolished and see how they treat social security then.

However the rest of it is a sheeple view IMO. Top five percent. The top five percent are so good at shielding income and things like that it would have little effect on them. The people who need relief are those who will buy big ticket items, and incidentally - be able to pay for them. The really poor working class actually gets more in their refund than they paid in via the earned income credit.

Taxes are not the major problem, at least not income taxes. The major problem is just how many times an item gets taxed until it reaches you. If a pack of cigarettes was $3.00 and a case of beer about $10, a gallon of gas about a buck and a bag full of groceries maybe twenty, I would be rich. Bloody rich. If my heating bill doesn't hit $400 for a month this season I will be doing quite well.

Now if you buy a car, the people who made the headlights paid, the alternator, paid. Every part, even though there was no sales tax, each and every one of those companies pays taxes. Add it up. The EU seems to have tried to address this with their VAT scheme, but I doubt much benefit has come out of it. Stop taxing vendors, subsidiaries and supporting entities ? Not going to happen, and I am not so sure it should.

Now I am going off into something else, I'll stop now.

T

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