Banned, I was BANNED! - Page 3

Sputty · 2003-01-12, 06:00 PM

I don't vote if that'll help.

MrVicchio · 2003-01-12, 06:07 PM

Originally posted by Hamma
sigh, you guys would live much longer lives if you ignored politics

Just as long as I live to the launch of PS..... :P

MrVicchio · 2003-01-12, 06:08 PM

Originally posted by Sputty
I don't vote if that'll help.

Not if you live in America, everyone SHOULD vote.. its like, the one non-enforced responsiblity we should take seriously. America is one of the only countries in the world oyu can freely vote in, we all should vote.

Lexington_Steele · 2003-01-12, 06:09 PM

Originally posted by MrVicchio
Lex, The government needs to STAY out of the way of business. Yeah, crap like Enron happened. And guess what? Lots of people lost LOTS of money. That right there is going to prevent a good portion of anymore shenigans with accounting, because business people are out to make money. The Gov't cannot do that.

I hope you don't really believe that. Bussiness has shown us time and time again that they are unable to regulate themselves.

Bussiness requires regulation. The question is how much.

Pure capitalism does not work just as pure socialism does not work. You need a good balance of freedom for bussiness and regulation of bussiness.

Legislation that makes it so that corperate fat cats can not rape their employees and investors is OK by me.

Bush is always good for a laugh tho. I saw a 365 day callender where every day had a new word that bush had made up or misused.

Sputty · 2003-01-12, 06:10 PM

Heh, I'm in Canada where "apathy" rules. I really don't care. It's not like whoever I vote for will ever help me in any way. Everything's for Seniors of the Boomers.

Lexington_Steele · 2003-01-12, 06:13 PM

Originally posted by MrVicchio
WHo do you think pays 70% of all taxes in this country? the top20% of Wage earners... Don't bark that one at me kid, cause that is a blatent, BS lie. Tax cut for the rich.. no shit, cause the rich pay most of the taxes.. I sear some ppl dont got a clue.

Who do you think makes 70% of the money?

btw, giving tax cuts to the rich has nothing to do with who is cheating on their taxes, who is able to pay taxes, or what is fair. It is an attempt at stimulating the economy through trickle down economics.

Sputty · 2003-01-12, 06:15 PM

Heh, stimulating the economy by destroying the surplus even though there is now way of boosting it really becasue it's a post boom recession.

SandTrout · 2003-01-12, 10:30 PM

I hope you don't really believe that. Bussiness has shown us time and time again that they are unable to regulate themselves.

Bussiness requires regulation. The question is how much.

Pure capitalism does not work just as pure socialism does not work. You need a good balance of freedom for bussiness and regulation of bussiness.

Yes, the current legistation makes it illeagal to commit fraud as the Enron/Worldcom execs did. Lets make a law that makes brakeing a law illeagle?

Do you see the redundancy? We have crap like this covered by law, and more laws wont help.

More legislation is not the answer to the problem of those companies. They knew they were breaking the law, and breaking another law wouldn't make much of a difference to them.

Also, can you count the times that a govornment has broken the law to get its own way? Clinton comited purgery, the whole Water-gate scandle, and thats just the US. Look at China, the USSR, Impirialist Britain, and any number of other countries that had more restrictive laws, and there were still things geting f00ked up.

Who do you think makes 70% of the money?

Not the top 20% of the population if they only pay 70% of the taxes. If you are in the top 20% of wage earners, you pay a huge amount of your income in income tax. The less you make, the less you get taxed.

Simple math and logic proves that if the top 20% pays 70% of the taxes, then they make a lot less that 70% of the money.

Lexington_Steele · 2003-01-12, 11:01 PM

Originally posted by SandTrout
Yes, the current legistation makes it illeagal to commit fraud as the Enron/Worldcom execs did. Lets make a law that makes brakeing a law illeagle?

Do you see the redundancy? We have crap like this covered by law, and more laws wont help.

Actually it most of it was not illegal. There are legal ways for bussinesses to defer some of their debts or profits to a later quarter. In this way they are able to manipulate their stock prices and misrepresent their companies value. This is a very common practice and happens on a reguloar basis. Bush's company did it. Cheaney's company did it. How many Enron related arrests have there been? I can't think of more than 2.

What it means is that the executives gain an inherent insider trading ability and the average joe investor is left investing based on a lie.

If you feel the laws that are in place are fine, then what we need is a better way to police those laws. Start a government organization whose sole purpose is to police those laws.

Don't tell me there is nothing we can do about preventing something like this in the future. If we have a problem we can find a solution.