Peter Schiff nails Wall Street



I came here to rant about my seo software sucking bonkey dalls and then I hear this. Better get back to work.
 
Here you go,

[ame=http://www.youtube.com/watch?v=UGL-Ex1CD1c]Peter Schiff Speaks for 1 Percent at Occupy Wall Street - YouTube[/ame]
 
its easy for someone who is well educated in the system to go out and slaughter and pheasant in a debate.

Truth is shareholders only pay income tax on a fraction of their earnings they siphon money out of the company expenses and other benefit in kind.

Also entreprenuers who own several business who are in it to reinvest their money into other businesses can use the company capital to pay and run other businesses.

This is barely taxed.

In fact I'm doing this right now, why should i give myself a income to buy a car with heavily taxed income, watch the value of my car depreciate right before my eyes. When I can lease a decent car for around $600 a month. The lease in expensed on the company and does not get taxed.

There's this "irish tax loophole" where large corporations can get away with paying hardly any corporation tax as well.
 
A couple of those folks in Yucky's video reminds me of a recent comment from Scott Adams (from here):

Personally, I'm quite comfortable paying taxes at the highest rate. It's like paying protection money to the Mafia, and I mean that in the best possible way. High taxes reduce the odds that jealous mobs will kill me for succeeding in my chosen field. Oh, and my taxes are also helping fund national defense, education, social program, and other good stuff. That's a win-win. But please don't insult me with arguments of fairness. Save the fairy tales for your kids.
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Here's something that caught my attention.

[ame=http://www.youtube.com/watch?v=7iJvtQpyx1A]Herman Cain's 9-9-9 plan, Occupy Wall Street - YouTube[/ame]
 
TigerUK said:
Truth is shareholders only pay income tax on a fraction of their earnings they siphon money out of the company expenses and other benefit in kind.

Also entreprenuers who own several business who are in it to reinvest their money into other businesses can use the company capital to pay and run other businesses.

This is barely taxed.
Click to expand...


You talk as if this is a bad thing? If they are paying 20% this year they should try to figure out how to get it down to 15% next year. The government is too big and spends too much money. The only way to kill the beast is to starve it.
 
ly2 from WF said:
You talk as if this is a bad thing? If they are paying 20% this year they should try to figure out how to get it down to 15% next year. The government is too big and spends too much money. The only way to kill the beast is to starve it.
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It doesn't sound like a bad thing but when you have multinational corporations doing this like walmart, you see how little they pay in taxes and how little they give back to society. Walmart can still manufacture inside the us and run at a profit, but the nature of capitalism us to pay as little taxes as possible and squeeze every cent out as possible.

The average citizen is taxed the fuck out to pay for infrastructure that protects the multinational corps, who do not pay their fair share of taxes
 
Fuckkk Socialists are here....I didn't come from Russia for this. Not again lol

[ame=http://www.youtube.com/watch?v=vZr9c1zYaOE&feature=channel_video_title]Peter Schiff at OWS: "Walmart Doesn't Hold a Gun to Your Head!" - YouTube[/ame]
 
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