Originally posted by: PlatinumGold
Originally posted by: imthebadguy
UAW = Useless
this will be a FIRST for me, but i'm going to have to come to the defense of the unions.
when is the last time a CEO had any kind of negative reinforcement without actually breaking the law? what is a "failure" for a CEO? most CEO's get rewarded even as the company they managed goes out of business. some CEO's do better as their companies do worse.
Upper management is just as much to blame for the state of our economy today as the UAW is. it's stock market gambing (get rich quick scheme). all this BS by the republicans about "Capital Gains" tax breaks. that's utter nonsense. a cut in the capital gains taxes has almost ZERO impact on new business investments. it just reduces taxes on the rich for th money they made on equities. stocks, speculations, options these things all take the money away from where it needs to be, invested in real business. in inventory, in production, in marketing, in land, in building (not for the sake of real estate speculation but because you need the building).
the problem is, it's money for the sake of money. that's all it is.
it's horrendous.
money is a medium of exchange. that's it. if it is just a medium of exchange, there must be something to exchange being produced. what we've done is we've created a society that takes advantage of the differences in technology, knowledge, production capacity, of other nations. problem is, they are all catching up to us. we cannot continue to just live on the margin as that margin is getting smaller and smaller.