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His people Loved him ??? He was despised by his people who fled his country in droves under his regime. http://www.miamiherald.com/2013/03/05/3268693_in-s...
Old Empresario, I agree with you. I feel that people , as always, see things from their own perspective. Chavez was a very charismatic leader, one that provided free health care and educational programs for the majority of the population.
He had to do a lot for the poor. He created minions of them. I am sure they loved having to cross the border into columbia to buy bread and milk because they couldn't get it in Venezuela.
Mussolini gave away quite a bit to the poor as well, and Hitler did quite a bit to rebuild germany's infrastructure. I fail to see the connections with corp profits. Pharma companies give away free drugs to the indigent every year. Whats the point
Some of the largest US oil companies were asked if they were interested in helping the poor heat their homes, they were not... that is the point!
What are you talking about. Companies like Exxon give away HUGE amounts of money in philanthropic aid every year.They donate money for everything from education aid to malaria research. Not to mention all the wealth they create along the supply chain
All that giving away, also gives US companies huge tax breaks. Why is it a problem for you that I mention that profits keep increasing? In fact why not explain why profits keep increasing when the economy is supposedly in such a slump?
I think profits are great. I don't want business to do poorly. Profits are increasing while the economy stagnates because we are moving the tax code and regulation away from incentivizing capital formation, So Cap Ex spending is still weak.
Now that was a bit Greek to me.... but have you though of doing a hub for Dummies about the subject?
There are no dummies. It simply means that why would I spend money on investing in a new venture that requires risk when the tax bite or regulatory burden is so high. It makes more economic sense to sit on cash in many cases. Hence less job creation
I do get that part and I know our biggest problem is people are holding on to their money when we actually need them to spend. . But why are corporate profits soaring anyways?
Because companies have deleveraged as part of raising cash and are doing more with less. Unfortunately that is hard on the middle income worker because more is asked of them for the same $. The lack of hiring means they pick up the workload.
I actually made a forum post about this subject! would love to hear your input there.
I have never used the forum. If you send me a link I will be glad to participate.
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