Corporate greed hits the little guy

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We, the American people, have produced vast amounts of wealth for American industry, and we have given our all. In return, all we asked for was the right to make enough money to raise our families with the ability to provide them a small piece of the American dream.

When these companies became top-heavy with massive corporate management payrolls for very few people equal to the cost of payrolls for all other employees, something had to give. Move the industry offshore to maintain these mountains of money for corporate heads, and lay off all these people who have given their lives to produce these quality products.

No way to pay for their homes, no way to pay for their cars and no way to pay for the health of their families -- and, lastly, no way to pay taxes to support the upkeep of our country.

Mike Ferguson, Augusta

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Dem_Imonde
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Dem_Imonde 01/02/10 - 10:31 pm
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What's that smell? Smells

What's that smell? Smells like the stench of wealth envy. Mike, when you were "producing vast wealth" for these corporations....didn't you agree to your wages before you did it? Sounds like they did well...and now you want to renege on your agreement and take more.

GGpap
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GGpap 01/03/10 - 02:30 am
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Do you have a reading

Do you have a reading comprehension problem, Dem I? Return once more to Mr. Ferguson's 1st paragraph, 2nd sentence; try this one again. It is quite clear that Mr. Ferguson is not exhibiting "wealth envy" here. Looks more like he is pleading for himself (and other working class folks) for meaningful employment once again; for a chance to simply "maintain" at the working man's level; and perhaps, with frugality, for a chance to get ahead in life 1/2 step or so. I believe those that are so eager to charge others with "wealth envy" are simply trying to cover a guilt complex that has grown by way of their own greed and superficial elitist attitudes. Or, does it really "charge your batteries" to put down those that may be a lot less fortunate than you? GGpap

concernednative
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concernednative 01/03/10 - 07:24 am
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Well said GGpap. The writer

Well said GGpap. The writer simply gave an opinion as to why the middle class in America has all but disappeared. Dem I probably complains about the govt entitlement programs also. But continue the erosion of the middle class in this country and you haven't seen nothing yet.

johnston.cliff
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johnston.cliff 01/03/10 - 07:50 am
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Mike Ferguson, if you look a

Mike Ferguson, if you look a little closer, you'll probably see that most companies that are forced offshore are escaping unreasonable tax rates or unreasonable demands by unions. A company is in business to turn a profit. When this situation becomes difficult, it's the responsibility of the company to make changes that are more conducive to profitability. The company provides income in exchange for services. It's job isn't to provide security for all employees, regardless of extenuating circumstances. Competition, tax increases, union pressure, and price increases of material and utilities all contribute to operating expense. When the cost of production reaches a point where the company can't put out a product to compete on the market, changes have to be made to keep the company viable. It's up to the individual employee to keep himself valuable to the company, or to find another company that offers him the income he feels he deserves. It's how capitalism works. If you're looking for a nanny job, go for government employment. No competition ever enters into the equation...just politics.

johnston.cliff
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johnston.cliff 01/03/10 - 07:53 am
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The dumbing down of America

The dumbing down of America program is way too successful.

Lobosolo
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Lobosolo 01/03/10 - 08:26 am
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Again, PettyThomas, you've

Again, PettyThomas, you've got it wrong... You are such an ideolog no matter what trivial name you call yourself. Rush definitely pounds the mantra into your head. Why not try some grown-up reading for a change? The Drudge just doesn't cover the bases... Man, you'd be scary if you weren't so hilarious. You're like one of those roombas that spins around randomly, bumping into wall after wall, and sucking all the way...

Riverman1
83725
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Riverman1 01/03/10 - 08:28 am
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I always shake my head when

I always shake my head when someone speaks of corporations as if they are something they're not. A corporation is a legal entity of people banded together as shareholders in hopes of making a profit. They risk their money in the undertaking and decide how much they want to pay executives and everyone else in this quest to turn a profit. When the government tries to tell them what to do via taxation, the shareholders may decide to sell and invest in another company causing massive job losses. Also, keep in mind every shareholder pays taxes on his profits in the corporation, plus, the corporation itself, pays taxes. Does that seem fair?

johnston.cliff
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johnston.cliff 01/03/10 - 08:34 am
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Lobo, thank you for

Lobo, thank you for supporting my 6:53 post.

deekster
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deekster 01/03/10 - 08:38 am
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"The poor you will have with

"The poor you will have with you always". Jesus proclaimed that truth. I wonder how He knew that greed does not have a "economic strata"? Greed, envy and covetousness works for all.

Riverman1
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Riverman1 01/03/10 - 08:39 am
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As JohnstonCliff said, if Mr.

As JohnstonCliff said, if Mr. Ferguson doesn't make enough working for a corporation, it's the invisible hand of the market place telling him his services are not that valuable to the company and someone will take the job if he leaves....He then has 3 choices: He can work harder to increase his value to the company and this could result in a promotion or higher pay. He can work longer hours to produce more of the product and be compenstated for that work. He can train at night to learn a skill that the market says is in demand and leave the company. What's complicated about that?

Brad Owens
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Brad Owens 01/03/10 - 08:42 am
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I get it, the working class

I get it, the working class is lucky to have these executives running their companies! Goldman Sachs just gave out Billions in executive bonuses after causing a near economic collapse of the world's mortage banking industry and double diget unemployment! YAY!!!! Reward them all...Billions and Billions for losing Trillions!!! Great system huh? This lettr writer doesn't have wealth envy, he has corporate fatigue.

Brad Owens
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Brad Owens 01/03/10 - 08:45 am
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and his letter is RIGHT! 100%

and his letter is RIGHT! 100%

HollyHoly
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HollyHoly 01/03/10 - 08:47 am
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Excellent post GGpap @ 1:30

Excellent post GGpap @ 1:30 and LMAOOL big time at Lobosolo 7:26..too dang funny

Dixieman
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Dixieman 01/03/10 - 08:59 am
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Quit the class/wealth envy

Quit the class/wealth envy and start your own business, Mike. America is the best country in the world to do this.

DonnieJoe
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DonnieJoe 01/03/10 - 09:02 am
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i wonder how many people died

i wonder how many people died last night trying to get into America

seenitB4
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seenitB4 01/03/10 - 09:02 am
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GGpap You got it right

GGpap You got it right again..I guess some will be happy when we have 1929 crash again.. Extreme greed leads to great depressions.. Wall st. has shown us extreme greed..As much as you hate O in the WH,,, the circumstances folks are living today is exactly what put him there..We have more poor folks than rich & as long as they can still vote he probably will stay there..SSoooo since you wealthy know everythings want him out,,, get the middle class going again here. & I don't need your lib bashing this am,,just seeing things as they are,,,, whatever YOUR name is today..

ICSunshine
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ICSunshine 01/03/10 - 09:12 am
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These large corporations

These large corporations aren't going to turn the corner and become profitable again without the guidance of first class executives. These folks earn their bonuses. If they don't receive them, they could easily find work elsewhere and the 2nd or 3rd tier replacements would guarantee the total collapse of some of these corporations.

Riverman1
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Riverman1 01/03/10 - 09:15 am
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I see one mistake up the

I see one mistake up the thread. The companies do not belong to the working class unless they've saved their money and invested in its stock. The owners, the shareholders, can pay the executives whatever they think they're worth. The corporations pay taxes TWICE as I noted. I will say this, however, if one takes handouts from the goverment, individual or corporation, they have nothing to complain about when the government sets stipulations.

johnston.cliff
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johnston.cliff 01/03/10 - 09:26 am
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As long as there is

As long as there is competition, there will be winners, partial winners, losers and supporters of each. Whining won't ever get you into the winning group. Government attempted redistribution has led to the current economic crash (with the help of those that took advantage of the interference) and it won't recover until government withdraws to the regulation line where it belongs. Want stability? Get a job with a government protected monopoly and kiss a lot of (insert body part here). Want things to be easy? Come back as a dog.

seenitB4
86957
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seenitB4 01/03/10 - 09:27 am
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Sunshine You need to change

Sunshine You need to change your name to something else,,, cause U ain't sunshine.. What do U mean the these executives can find another job somewhere else,,?? Where?? I f we don't have a thriving economy here there won't be somewhere else...they will be walking the soup line just like everybody else..No wait,, they do need to go somewhere else,, because then we (common sense folks) can get our country back to where it was before GREED took over..

disssman
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disssman 01/03/10 - 09:30 am
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Riverman are you saying every

Riverman are you saying every shareholder has a say in how a company is structured or how much a CEO is paid?

johnston.cliff
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johnston.cliff 01/03/10 - 09:33 am
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absolute, disssman. The more

absolute, disssman. The more shares held, the more say.

Dem_Imonde
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Dem_Imonde 01/03/10 - 09:37 am
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Again............when you

Again............when you accepted the job, the salary was stated up front. If you are not satisfied with it, you either move on, or negotiate for more...........waiting till later and claiming that YOU helped make the money, therefore you deserve more IS WEALTH ENVY! It's funny how people talk about "corporate greed" in the same breath that they complain about wanting more money than they agreed to work for.

justthefacts
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justthefacts 01/03/10 - 09:38 am
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Obama should assign a Czar to

Obama should assign a Czar to set salaries for all workers.....oh wait. Never-mind, he already has started.

Dem_Imonde
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Dem_Imonde 01/03/10 - 09:42 am
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1. You cannot bring about

1. You cannot bring about prosperity by discouraging thrift.
2. You cannot strengthen the weak by weakening the strong
3. You cannot help the poor man by destroying the rich.
4. You cannot further the brotherhood of man by inciting class hatred.
5. You cannot build character and courage by taking away man's initiative and independence.
6. You cannot help small men by tearing down big men.
7. You cannot lift the wage earner by pulling down the wage payer.
8. You cannot keep out of trouble by spending more than your income.
9. You cannot establish security on borrowed money.
10 You cannot help men permanently by doing for them what they will not do for themselves.

ispy4u
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ispy4u 01/03/10 - 09:45 am
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So it is written, so it will

So it is written, so it will be done.

disssman
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disssman 01/03/10 - 09:47 am
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Funny J.C. I always thought

Funny J.C. I always thought the BOD of a corporation fixed the CEO pay. And the BOD usually are composed of people who basically hold the largest amount of a certain stock. BTY not all stock has voting rights. And if I am not mistaken most voting is done in resort typw areas and most stock holders, Except the very well heeled, could never attend because of the cost. So, I agree with you that they can vote, if they can afford to go to the voting places.

Rhetor
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Rhetor 01/03/10 - 09:57 am
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First, there has been a

First, there has been a steady shift in income from the middle class to the super-rich. This is not the result of free-market competition, but of countless government policies that shift our hard-earned money out of our own pockets and into the hands of politically-wired corporations that can afford to hire lobbyists. Second, Adam Smith's view of the impartial hand of competition was based on the assumption of high levels of competition. This simply does not exist in most modern industries, which tend to be dominated by perhaps two or four large companies each. These huge enterprises are able to distort markets to their own benefit. Thus, the LTE makes a valid point that is worthy of consideration.

Dem_Imonde
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Dem_Imonde 01/03/10 - 09:59 am
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Name those "countless

Name those "countless government policies that shift our hard-earned money out of our own pockets," Rhetor..............explain how that works.

seenitB4
86957
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seenitB4 01/03/10 - 09:59 am
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You can't feed your kids if U

You can't feed your kids if U don't have a job,,, U can't get a job if they have gone away,,you can't pay taxes if nothings coming in,,Walmart won't keep the bills paid,,if we continue with the same path Dem & Sunshine are preaching here everyday we will collapse..Your thinking will keep the DEMS. in power for a loooong time..HAVE AT IT...& ispy that was funny..

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