1. #37161
    Quote Originally Posted by Thekri View Post
    Nothing will stop it, because that is baked into the fundamental nature of how corporations work. If you buy stock in a company, you want to see returns from the company, either in the form of stock value gains, or dividends. The largest shareholders determine who sits on the board of that company, and that board hires Officers that will promote shareholder value.

    If a CEO prioritizes something else over shareholder value, he or she will get removed, because the hedge funds and investment companies aren't getting the return on their stocks that they want.

    Breaking up the profits over tens of thousands of different people means any moral considerations are diluted, because all of those tens of thousands can't agree on any moral factor. The only thing they can all agree on is that the company should give them more money. Let's say you, as a small value investor, bought stock in Boeing in 2014. You paid around $120 a share for that stock, for which you presumably expected to make money somehow. You own like 1 billionth of Boeing at that point, so it isn't like you really benefit from them using their cash for a a rainy day fund. But you do benefit from them pouring cash into dividends (Which you get) and stock buybacks, which increase your share value. So from 2014 to 2019, you are very happy with your shares of Boeing stock. Over that period, they pay back almost their full value in dividends, and they are now worth $400 a share. So you are extremely happy with their management, and proud of yourself for picking such a good stock.

    Of course now in 2020 it is easy to point fingers at them being shortsighted, but I have never seen anyone complain about a stock they owned going up. Ever. As long as that is the system, and as long as humans like making money, you aren't going to get companies that prioritize worker security over shareholders. Because workers are a tool, profits are the objective.
    Precisely.

    Corporations have an obligation to their shareholders, which means they will almost always try and do what's best for them. That means running more efficiently, paying employees as little as possible, and cutting as many jobs as they can. I'm not blaming corporations for doing this, far from it. I'm simply saying it shouldn't be the government's job to provide welfare to them to help them do it.

  2. #37162
    Quote Originally Posted by Thekri View Post
    Nothing will stop it, because that is baked into the fundamental nature of how corporations work. If you buy stock in a company, you want to see returns from the company, either in the form of stock value gains, or dividends. The largest shareholders determine who sits on the board of that company, and that board hires Officers that will promote shareholder value.

    If a CEO prioritizes something else over shareholder value, he or she will get removed, because the hedge funds and investment companies aren't getting the return on their stocks that they want.

    Breaking up the profits over tens of thousands of different people means any moral considerations are diluted, because all of those tens of thousands can't agree on any moral factor. The only thing they can all agree on is that the company should give them more money. Let's say you, as a small value investor, bought stock in Boeing in 2014. You paid around $120 a share for that stock, for which you presumably expected to make money somehow. You own like 1 billionth of Boeing at that point, so it isn't like you really benefit from them using their cash for a a rainy day fund. But you do benefit from them pouring cash into dividends (Which you get) and stock buybacks, which increase your share value. So from 2014 to 2019, you are very happy with your shares of Boeing stock. Over that period, they pay back almost their full value in dividends, and they are now worth $400 a share. So you are extremely happy with their management, and proud of yourself for picking such a good stock.

    Of course now in 2020 it is easy to point fingers at them being shortsighted, but I have never seen anyone complain about a stock they owned going up. Ever. As long as that is the system, and as long as humans like making money, you aren't going to get companies that prioritize worker security over shareholders. Because workers are a tool, profits are the objective.
    And to that point the lack of profits will be 10X worse to workers than how the company spends the bail out. Im sorry but I would rather keep my job and stay status quo than worry about a rich guy making more money.

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    Quote Originally Posted by Machismo View Post
    Precisely.

    Corporations have an obligation to their shareholders, which means they will almost always try and do what's best for them. That means running more efficiently, paying employees as little as possible, and cutting as many jobs as they can. I'm not blaming corporations for doing this, far from it. I'm simply saying it shouldn't be the government's job to provide welfare to them to help them do it.
    But what you don't get is they will scale back even more if they don't keep making money. Yes they will still cut jobs and yes they will make more money but the amount they scale back needs to be managed by an influx of money. I am not claiming trickle down by the way. All I am trying to say is that this will be a futile waste of time if big business scales back in response to what they expect to happen. They have an expectation and they have the ability to put the government in its place if they want to. In response to no money being sent to them they have the ability to say ok heres your response we are laying off 75% of our workforce until you bail us out

  3. #37163
    Quote Originally Posted by Trunksee View Post
    And to that point the lack of profits will be 10X worse to workers than how the company spends the bail out. Im sorry but I would rather keep my job and stay status quo than worry about a rich guy making more money.

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    But what you don't get is they will scale back even more if they don't keep making money. Yes they will still cut jobs and yes they will make more money but the amount they scale back needs to be managed by an influx of money. I am not claiming trickle down by the way. All I am trying to say is that this will be a futile waste of time if big business scales back in response to what they expect to happen. They have an expectation and they have the ability to put the government in its place if they want to. In response to no money being sent to them they have the ability to say ok heres your response we are laying off 75% of our workforce until you bail us out
    Great, then they scale back jobs. If a company is not making a profit, they should definitely consider such measures.

    It's weird how much you socialists want the government to always bail you out, all because you couldn't be bothered to be prepared.

  4. #37164
    Legendary! Thekri's Avatar
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    Quote Originally Posted by Trunksee View Post
    And to that point the lack of profits will be 10X worse to workers than how the company spends the bail out. Im sorry but I would rather keep my job and stay status quo than worry about a rich guy making more money.
    I get what you are saying, but I also believe a bit of corporate Darwinism isn't a bad thing. If corporations are run so badly that they cannot stay in buisness in anything other then growth economies, then perhaps they deserve to end when that growth economy ends. The alternative is an endless cycle of badly run companies that need to be bailed out at the bottom of every cycle.

    On the other hand, if you don't bail them out, or more appropriately, make them pay a great deal for their bailouts (Like we did in 2008), then it becomes in the best interests of a company to protect its shareholders by guarding themselves against needing a bailout in the first place. While it is more pain in the short term, in the long term it will actually protect more people.

    Yes, it is painful to get laid off. But as long as the company performs an important and profitable economic function, then someone is going to step in and fill that gap and hire workers again. Not necessarily in the same region though, but it will sort of balance out on a national level.

  5. #37165
    Quote Originally Posted by Thekri View Post
    I get what you are saying, but I also believe a bit of corporate Darwinism isn't a bad thing. If corporations are run so badly that they cannot stay in buisness in anything other then growth economies, then perhaps they deserve to end when that growth economy ends. The alternative is an endless cycle of badly run companies that need to be bailed out at the bottom of every cycle.

    On the other hand, if you don't bail them out, or more appropriately, make them pay a great deal for their bailouts (Like we did in 2008), then it becomes in the best interests of a company to protect its shareholders by guarding themselves against needing a bailout in the first place. While it is more pain in the short term, in the long term it will actually protect more people.

    Yes, it is painful to get laid off. But as long as the company performs an important and profitable economic function, then someone is going to step in and fill that gap and hire workers again. Not necessarily in the same region though, but it will sort of balance out on a national level.
    Ok I hear you on this but the way the country works now most Americans have debt. Some have huge debt but were stable with their jobs. Most are fine if they need to collect unemployment for a short period of time. What the problem is is the government is not set up for this surge in unemployment. Payments will stop and banks will step in to collect eventually. This is not like 1929. Debt is different now. I am one of those who bought a 1000 rounds of ammo. Not to protect myself from helping others and hording but to protect my family from the banks if they ever do come knocking on my door if we do get a depression out of this. I will help my neighbors and family. I have a small homestead but the bank still has rights to the property and ill be damned if this economy fails and collapses they aren't coming to take it.

  6. #37166
    Quote Originally Posted by Trunksee View Post
    Ok I hear you on this but the way the country works now most Americans have debt. Some have huge debt but were stable with their jobs. Most are fine if they need to collect unemployment for a short period of time. What the problem is is the government is not set up for this surge in unemployment. Payments will stop and banks will step in to collect eventually. This is not like 1929. Debt is different now. I am one of those who bought a 1000 rounds of ammo. Not to protect myself from helping others and hording but to protect my family from the banks if they ever do come knocking on my door if we do get a depression out of this. I will help my neighbors and family. I have a small homestead but the bank still has rights to the property and ill be damned if this economy fails and collapses they aren't coming to take it.
    Except, the Fed has approved an unlimited "borrowing" of money. The unemployment payments will not stop, just like they didn't stop in 2009. If you are going to shoot people, because you cannot pay your debts... then you are the problem.

  7. #37167
    thak god democrats are blocking the bill
    and i mean it unironically

    a 500 billion dollar slush fund. directly controlled by steve mnuchin?
    and when asked on what oversight the fund will have trump says " i will be the oversight"
    seriously guys trump is the swamp on steroids how can you say hes draining the swamp??

    the worst part about the trump-mnuchin slush fund is they want all payments to be secret for 6 months

    CONVIENENTLY right after the election, so after he wins then you find out he only bailed out companies that donated to his campaign, and his own companies.

  8. #37168
    Quote Originally Posted by Dacien View Post
    I don't even know where to put this, but it's amazing.

    https://twitter.com/DailyCaller/stat...65225929375744
    You thought that belonged here? Really? Have nothing to discuss about Trump fucking up yet again for the NNNNth time?

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  9. #37169
    Legendary! Thekri's Avatar
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    Quote Originally Posted by Trunksee View Post
    Ok I hear you on this but the way the country works now most Americans have debt. Some have huge debt but were stable with their jobs. Most are fine if they need to collect unemployment for a short period of time. What the problem is is the government is not set up for this surge in unemployment. Payments will stop and banks will step in to collect eventually. This is not like 1929. Debt is different now. I am one of those who bought a 1000 rounds of ammo. Not to protect myself from helping others and hording but to protect my family from the banks if they ever do come knocking on my door if we do get a depression out of this. I will help my neighbors and family. I have a small homestead but the bank still has rights to the property and ill be damned if this economy fails and collapses they aren't coming to take it.
    OK... A lot to unpack here.

    First of all, it is hilarious to watch all those socialist principles collapse at the first sign of trouble, and you go all gun nut/hoarder when you get scared.

    Second of all, I didn't say anything about the government not protecting workers, I said we don't have to bail out every company that fails. I didn't even actually say we couldn't bail them out, I am saying we need to make bailouts very expensive for them, the Government should make a profit on bailing out companies, not a loss. Let them factor in the financial risk of the government taking all their profits for a couple years after a downturn.

    Third of all, Ammunition is not a magical item that prevents you from needing to pay your bills. If someone comes to foreclose your home, it isn't the evil CEO of a bank, it is some 9-5 layman who is just trying to do his or her job. If you shoot that person, that is murder, and the police will come and put you in jail. Then your house will get foreclosed anyway. You cannot defend yourself from a bank with a gun, that isn't how it works.

  10. #37170
    Quote Originally Posted by TexasRules View Post
    The bad part for Pelosi is that she stated what democrats are for. This is great, for their base...who was already voting for them. Independents are going to wonder why all this stuff needs to be done now in a time of crisis. I know they aren't trying to win Trump supporters over, but you could try for independents...right?
    Could be that we (as in the general populace) don't want to give billions more to companies so they can piss it all away again and do nothing for the economy nor their employees.

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    Quote Originally Posted by Trunksee View Post
    I would like to try to get a point across to a lot of you not in the infrastructure industry. My company just cut our pay company wide 10% to keep everyone working since in Massachusetts construction is considered essential. This isn't going to be a simple recession from this. Due to congress not passing this bill with protections and money for big business investors are now pulling contracts on upcoming jobs. Without support to big business a lot of people who want money for the worker are simply stated are going to be out of work. People praising the democrats are short sighted. Businesses are already scaling back spending and investments to keep profit margins in the black. If big business doesn't get this they are going to put way more people out of work for a short term gain for votes. When the rich start cutting jobs even if the democrats get us say $10000 for each person, only the people not working benefit. We are headed for a depression not a recession all for votes of the working class this year. Investors who run this country are already pulling funding to new projects. I don't get how this can get political over a few thousand dollars when it could cost people their living.
    Dems have no problem giving money to the people and the small businesses that need it, they have a problem with lining the pockets of corporations and industries that completely did nothing with the tax cut they got besides giving their CEOs fat bonuses and doing historic stock buybacks.

    Odd how they tell us to save and tight our belts and yet all of those fucking business did nothing but piss away their own money to make their stocks look more expensive than they actually are. They are the ones that fucked themselves and for them to ask for YET ANOTHER FUCKING HANDOUT is astonishing. If they want that money they should have to pay it back five times to make up for their fucking stupidity.

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    Quote Originally Posted by Trunksee View Post
    Ok I hear you on this but the way the country works now most Americans have debt. Some have huge debt but were stable with their jobs. Most are fine if they need to collect unemployment for a short period of time. What the problem is is the government is not set up for this surge in unemployment. Payments will stop and banks will step in to collect eventually. This is not like 1929. Debt is different now. I am one of those who bought a 1000 rounds of ammo. Not to protect myself from helping others and hording but to protect my family from the banks if they ever do come knocking on my door if we do get a depression out of this. I will help my neighbors and family. I have a small homestead but the bank still has rights to the property and ill be damned if this economy fails and collapses they aren't coming to take it.
    Holy shit, you just said that because you can't pay then you will shoot people. Tell us again why you're super smart.

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  11. #37171
    Quote Originally Posted by Thekri View Post
    OK... A lot to unpack here.

    First of all, it is hilarious to watch all those socialist principles collapse at the first sign of trouble, and you go all gun nut/hoarder when you get scared.

    Second of all, I didn't say anything about the government not protecting workers, I said we don't have to bail out every company that fails. I didn't even actually say we couldn't bail them out, I am saying we need to make bailouts very expensive for them, the Government should make a profit on bailing out companies, not a loss. Let them factor in the financial risk of the government taking all their profits for a couple years after a downturn.

    Third of all, Ammunition is not a magical item that prevents you from needing to pay your bills. If someone comes to foreclose your home, it isn't the evil CEO of a bank, it is some 9-5 layman who is just trying to do his or her job. If you shoot that person, that is murder, and the police will come and put you in jail. Then your house will get foreclosed anyway. You cannot defend yourself from a bank with a gun, that isn't how it works.
    Ok just a bit to respond to here. I am not a socialist I support Trump and I actually don't have that much of a problem with the way he has handled it post this thing getting out of control. His response at first was bad, simply bad. That being said I don't know what anyone expected him to do in the beginning that would have resulted any better. Even with the panic going on people are still not following anything recommended. We live in a country where martial law will now work. We also live in a country where this isn't working either. He is doing his best in a really bad situation in his way. Just my thoughts.

    I agree with most of what your saying. They need to be loans with very low interest rates imo. Small businesses should have no interest on these loans but even then most small businesses are so high risk many are not even going to take the help as the risk out weighs the rewards. There are some big businesses we need to protect. Anything to do with travel and housing, anything to do with tourism, and anything to do with infrastructure and manufacturing. They will need the biggest bail out and im sorry but yes Trump would be in line for a bail out just like any other company in those fields. This just needs to be accepted.

    Im not preparing for if the world goes back to normal and I lose my job with say 10% of people. That's just hardship and I will need to pick myself up from that. I am preparing for massive collapse like 1929. If it gets to that point where there are lines for rations for people then yes I will protect my family. Do I expect that no but I am just open to being prepare for a few $100 it cost me its not to bad. I also hunt so added benefit with 2000 acres of town land trust for hunting behind me I can at least be prepared for a while to feed my family at low cost.

  12. #37172
    Quote Originally Posted by Dontrike View Post
    Holy shit, you just said that because you can't pay then you will shoot people. Tell us again why you're super smart.
    A bit off topic but it's amazing how many of the "I need pewpews for defense" right now are going "imma raid and shoot everyone else for supplies!" And I don't think a significant minority of them are just joking...

    What happened to bootstraps republicans? If people should fuck off and die cuz they can't pay for shit why are we not applying the same logic to corps? Aren't they people too?! /Snark

  13. #37173
    Quote Originally Posted by Dontrike View Post
    Could be that we (as in the general populace) don't want to give billions more to companies so they can piss it all away again and do nothing for the economy nor their employees.

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    Dems have no problem giving money to the people and the small businesses that need it, they have a problem with lining the pockets of corporations and industries that completely did nothing with the tax cut they got besides giving their CEOs fat bonuses and doing historic stock buybacks.

    Odd how they tell us to save and tight our belts and yet all of those fucking business did nothing but piss away their own money to make their stocks look more expensive than they actually are. They are the ones that fucked themselves and for them to ask for YET ANOTHER FUCKING HANDOUT is astonishing. If they want that money they should have to pay it back five times to make up for their fucking stupidity.

    - - - Updated - - -



    Holy shit, you just said that because you can't pay then you will shoot people. Tell us again why you're super smart.
    They have added a ton of other things trying to add fat to this bill. They also want money to go to people whos situation has not changed which makes no sense to me. Read what I just posted. I am prepared for a depression, not a recession. If your not willing to protect your family then your not much of a provider are you. This is the way I was brought up. To always be prepared for worst case scenario when an event like this happens. I don't think it will ever come down to that. But if 25 to 40% of the population is out of work whats your plan?

  14. #37174
    Legendary! Thekri's Avatar
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    Quote Originally Posted by Trunksee View Post
    Ok just a bit to respond to here. I am not a socialist I support Trump and I actually don't have that much of a problem with the way he has handled it post this thing getting out of control.
    Ah ok. I thought you were a Bernie fan for some reason.

    Never mind then, you are consistently delusional, and threatening to shoot people who are just doing their jobs is pretty on brand. It is fortunate for everyone that the first people to resort to violence are typically really bad at it, and the police tend to round them up pretty quickly.

  15. #37175
    Quote Originally Posted by Tenlo View Post
    A bit off topic but it's amazing how many of the "I need pewpews for defense" right now are going "imma raid and shoot everyone else for supplies!" And I don't think a significant minority of them are just joking...

    What happened to bootstraps republicans? If people should fuck off and die cuz they can't pay for shit why are we not applying the same logic to corps? Aren't they people too?! /Snark
    Because we are trying to prevent a massive collapse. This has nothing to do with normal daily life. People who are buying ammo and guns are buying them for self defense from people who are unprepared. I cant believe many are buying for use to raid others, come on. I have a full pig and cow in my freezer. Bought way before this happened. I have a small farm with live stock and gardens so yes I am willing to protect myself from looters if shit really goes bad. I did not work tirelessly on my homestead for the last 5 years to support others who are not family or friends. Yes people have prepared for this its not our fault others have not.

  16. #37176
    Quote Originally Posted by Trunksee View Post
    They have added a ton of other things trying to add fat to this bill. They also want money to go to people whos situation has not changed which makes no sense to me. Read what I just posted. I am prepared for a depression, not a recession. If your not willing to protect your family then your not much of a provider are you. This is the way I was brought up. To always be prepared for worst case scenario when an event like this happens. I don't think it will ever come down to that. But if 25 to 40% of the population is out of work whats your plan?
    If you were prepared for the worst case, then you'd be able to pay off your debts. What you are saying, is that you are not prepared, and you are willing to murder people as a result.

  17. #37177
    Quote Originally Posted by Thekri View Post
    Ah ok. I thought you were a Bernie fan for some reason.

    Never mind then, you are consistently delusional, and threatening to shoot people who are just doing their jobs is pretty on brand. It is fortunate for everyone that the first people to resort to violence are typically really bad at it, and the police tend to round them up pretty quickly.
    Your missing the point... you are looking at this like the world may not be turned on its head in the next 24 months where its not like it is now... you are sadly unprepared. And I shoot every weekend on my property im good at 300 yards in a quarter sized spread. I hunt a lot too by the way so its for a worst case scenario. Do people not get that this could go there if this economy tanks? All you people in major cities are going to suffer and I don't want people looting what I worked to build that's all.

  18. #37178
    Legendary! Thekri's Avatar
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    Quote Originally Posted by Trunksee View Post
    Because we are trying to prevent a massive collapse. This has nothing to do with normal daily life. People who are buying ammo and guns are buying them for self defense from people who are unprepared. I cant believe many are buying for use to raid others, come on. I have a full pig and cow in my freezer. Bought way before this happened. I have a small farm with live stock and gardens so yes I am willing to protect myself from looters if shit really goes bad. I did not work tirelessly on my homestead for the last 5 years to support others who are not family or friends. Yes people have prepared for this its not our fault others have not.
    Only you weren't discussing shooting raiders, you were discussing shooting bank employees. Murdering people is bad, this is pretty basic stuff. If you do start murdering people, then you are a danger to society, and the police will have to lock you up. This is how society works.

    Also, come off this talk of "Raiders", this is a pandemic, not a Fallout style apocalypse.

  19. #37179
    Quote Originally Posted by Machismo View Post
    If you were prepared for the worst case, then you'd be able to pay off your debts. What you are saying, is that you are not prepared, and you are willing to murder people as a result.
    No Im not saying that. Im prepared to protect my family in a worst case scenario. Wouldn't you? Or would you just beg the government to take care of you when they run out of resources like in 1929? It looks like we are on track to head back to that.

  20. #37180
    Quote Originally Posted by Thekri View Post
    Ah ok. I thought you were a Bernie fan for some reason.

    Never mind then, you are consistently delusional, and threatening to shoot people who are just doing their jobs is pretty on brand. It is fortunate for everyone that the first people to resort to violence are typically really bad at it, and the police tend to round them up pretty quickly.
    Can't we just stop with the Bernie fan discrimination? They are good folks who want the best for the country. Much better than Biden fans for sure.

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