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Message boards : Politics : Occupy Wall Street
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Never underestimate the power of the masses when they are pissed off. The masses hold unprecedented power, but it never gets used through lack of co-ordination. If everybody in the USA boycotted Walmart for one week, they'd have severe cashflow problems, same for Tesco in the UK. If everyone with a particular bank withdrew all their funds and deposited them elsewhere, that would cause severe problems. Then they might listen, but it would need at least a 90% public response which would not happen. In any case, where does protest stop and anarchy begin? There is aften a thin line between civil disobedience and law breaking. As we might be about to see at Dale Farm. | |
| ID: 1163252 · | |
Never underestimate the power of the masses when they are pissed off. Well first Chris, you'd have to define "anarchy". ____________ In the beginning the Universe was created. This has made a lot of people very angry and has been widely regarded as a bad move. - Douglas Adams | |
| ID: 1163256 · | |
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Much truth. Well stated. | |
| ID: 1163279 · | |
99% is well ... The protesters put people out of a job. Actions speak louder than words. The protesters are not on my side as I don't think everyone should be held to the lowest common denominator. Yes, there have been excesses. There always have been and always will be. Learn to be tolerant of your fellow man. If you don't like how corporations are run, then change the thing that runs them, fiduciary duty. Put some other things in front the the duty to make the most possible for the shareholder. The corporation isn't to blame, the legislature is to blame! Now as to this concentration of wealth thing, what was the concentration of wealth that John D. Rockefeller and James Pierpont Morgan enjoyed? Was it greater or less than Mr. Buffet and Mr. Gates? Has money tricked up or down in the intervening century+? If you don't know where you are starting you can't make a map that will get you to where you want to be. ____________ | |
| ID: 1163356 · | |
99% is well ... Not sure about the last century, though the link to the WNYC broadcast I posted here does provide some details about what has happened over the last 30 or so years. It certainly seems that money has not trickled down over this period; over the same period the percentage at which the highest earners are taxed has decreased. Gary, I've seen you comment on fiduciary duty a few times, and am wondering what it is about this duty that is blameworthy? ____________ I think you'll find it's a bit more complicated than that ... | |
| ID: 1163568 · | |
Gary, I've seen you comment on fiduciary duty a few times, and am wondering what it is about this duty that is blameworthy? This wiki article is really short. There are a considerable number of people who seem to think corporations have some blame in what they see as some sort of fairness duty to a country or mankind. Public corporations are nothing but a fiduciary duty to the shareholders. The duty owed to the shareholder is above any duty the director/officer may owe his country or fellow man. Repeat this until it fully sinks in! So when the the choice comes up of having new jobs in the USA or cheapest labor market on the planet, the duty owed the shareholders is the over riding duty. The jobs must be shipped offshore. No matter how the directors/officers feel about the matter. If they don't they are breaking the duty which means they are breaking the law. There are some ways to change this if this is how you want fair to come down. One way is to change the tax code so those offshore cheap labor cesspools become more expensive than USA labor. That likely won't work as corporations will simply buy from independent companies in those cesspools and not hire via a subsidiary. Another way is the get the shareholders to change the bylaws to remove the things you don't believe are fair from the duty. As most every public corporation is owned by other public corporations that isn't going to fly due to a vicious circle. The last way is to change the law on the duty and place being a good citizen of the USA above the duty to make every penny possible. If that is done expect some companies to move offshore lock stock and barrel, but that is why we have trade tariffs. I'm not saying I agree or disagree with what many people think fair should be. I know if what I understand their concept of fair was to be attempted, it would be considered protectionist and likely get the USA in deep hot water with the WTO. Personally I think if your piece of paper wants access to American capital and the American Legal system then it may have to settle for being a bit of an American citizen, especially as SCOTUS says that piece of paper is a people. Now as to trickle up/down you really should look this up over the time span indicated, inflation adjusted. Then look at that wealth one, two and three generations down the line. Makes for something to ponder. ____________ | |
| ID: 1163577 · | |
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Gary, | |
| ID: 1163655 · | |
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Gary, Fudiciary duty is not the problem. That is a fair and reasonable expectation. | |
| ID: 1163656 · | |
Gary, Fudiciary duty is not the problem. That is a fair and reasonable expectation. Then everything is perfect with public corporations today. The problem is that corporate fat cats have decided to reward themselves by creating short term "profits" by destroying people, lives, the companies reputation in order to line their own pockets at the expense of shareholders. Do you not understand that every year the shareholders vote to give this compensation to the board? It can not be at the expense of the shareholders. It is was they they would be violating their fiduciary duty to the shareholders. There is nothing to indicate that the financial well being of a company can ONLY be measured by this quarters statements. The name recognition, values shown, world consciousness, reputation, are all significant values to each corporation. The share price is the value to the shareholder, if the company isn't making a growing profit that drops. As the SEC requires quarterly measures ... something tells me you don't understand the basic things that are involved in investing your money. The duty owed to the shareholder is above any duty the director/officer may owe his country or fellow man. Repeat this until it fully sinks in! Your statement about destroying people indicates you did not understand and it hasn't fully sunk in yet. ____________ | |
| ID: 1163677 · | |
Gary, You aren't going to find much in statutes, but a considerable amount in decisions a/k/a case law. You might find some looking up fraud. You may also have to look to each of the 50 states sets of laws as corporations in the USA are a matter of state law not Federal. Not every state puts it online or in a searchable form even if it is online. Legal research in the USA is a PITA. ____________ | |
| ID: 1163761 · | |
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There is a Duty of Care in both the USA and the UK. | |
| ID: 1163866 · | |
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Minor change -- is the *perceived* value to the shareholder. It is amazing to what the psychotropic effects that corporations have on shareholders.
____________ | |
| ID: 1164422 · | |
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But once the Teapublicans take over, that minor detail will be eliminated in the Disparate States. Particularly as it applies to health care professionals -- we simply have to kill off the old, the sick and the poor as soon as possible to make a better Amerika. There is a Duty of Care in both the USA and the UK. ____________ | |
| ID: 1164425 · | |
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Back to the thread title, we have a sad situation in London. There are 300 protesters camped out in the graveyard of St Pauls Cathedral, who are refusing to leave. We now have a safety issue, so the Cathedral has been shut losing £22,000 a day in revenue. | |
| ID: 1164463 · | |
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If I had my way, I'd hose them all down with 500 gallons of raw sewage. | |
| ID: 1164468 · | |
Back to the thread title, we have a sad situation in London. There are 300 protesters camped out in the graveyard of St Pauls Cathedral, who are refusing to leave. We now have a safety issue, so the Cathedral has been shut losing £22,000 a day in revenue. At least that article mentions the views of the protesters: But the protesters claim they have tried to answer such concerns, reorganising their camp "in response to feedback from the fire brigade". The Daily Mail article on this is hilarious with no attempt at actual news reporting with the headline: Surrender of St Paul's: Protest rabble force the cathedral to close, a feat that Hitler could barely manage "Surrender", "Rabble", "Hitler" That's a fricken awesome use of emotive negative words in the context of these protests and shows absolutely no attempt and being unbiased. LMAO. People should analyse their news sources a little more, it's clear they have an agenda. They aren't exactly being subtle about it. So while we're on the subject of Hitler, Goebbels would be proud of the work of "News Papers" such as the Daily Mail. ____________ In the beginning the Universe was created. This has made a lot of people very angry and has been widely regarded as a bad move. - Douglas Adams | |
| ID: 1164520 · | |
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Well, if you've glanced thru the varous threads out here, you know that Dull has an agenda. So use of charged words is normal speech for the lad. In fact, his primary goal here is to irritate -- he's quite good at it. Irritation for irritation's sake.
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| ID: 1164562 · | |
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Well done ES, 7/10, not bad. Actually as I have said before, I am getting disappointed with the Mail, over the last year is is not a patch on the incisive paper it once was :-( | |
| ID: 1164575 · | |
Well done ES, 7/10, not bad. Actually as I have said before, I am getting disappointed with the Mail, over the last year is is not a patch on the incisive paper it once was :-( Why is St. Paul's a "soft" target? You do know that the head of the Church and the Head of State are one and the same person? ____________ In the beginning the Universe was created. This has made a lot of people very angry and has been widely regarded as a bad move. - Douglas Adams | |
| ID: 1164605 · | |
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you know that Dull has an agenda...goal here is to irritate... | |
| ID: 1164699 · | |
Message boards : Politics : Occupy Wall Street
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