[Riot]

Originally Posted by Cannon Shell

The huge bonuses paid to executives surely would be more economically stimulating than sending that money to the gov't no? Do they not spend large sums of money? Their wives do.

Actually no, they don't. You only spend so much on living. The more money you make, you just end up saving it. Not spending it.

If Riot can claim that food stamps are stimulus then how isn't bonus pay? LOL!

If you want to be serious about it, yes, food stamps - aside from literally keeping people alive by allowing them to, you know, eat, which is sorta important - is instant local economy money churn. It's money spent immediately and fully in the local economy. Executive bonuses are not. LOL.

But seriously you can't browbeat or tax business into expansion. Business doesn't exist to create jobs, jobs are a by product of business. You can't threaten companies into providing jobs, you have to foster an atmosphere of economic growth in order for them to risk capital to expand with a realistic chance to provide profits.

True - but business needs consumers. Businesses do not create jobs out of nowhere just for "growths" sake, unless there is a demand by consumers of their products and services for that growth.

You need to create consumers, create a middle class with disposable income above food and basic life necessities, for "business growth". We don't have that now. We have destroyed the middle class in the United States. We don't even have spending on basic necessities any more, as so many are out of work and unable to do even that.

That's why the meme of "tax cuts for the rich to allow them to foster growth" is complete nonsense. Businesses don't grow first, then look for consumers. Businesses grow only in response to consumer demand.

Food stamps, btw, create instant consumers. Jobless benefits enable instant consumers. Payroll tax cuts create instant consumers. All of that money, when given to someone without money, without food, is spent instantly for substenance living. Executive bonuses are not.

Lefties love the class warfare card but lets not act like Fortune 500 companies don't fire their executives when they underperform.

And most of those executives still get million dollar golden parachutes. Not exactly incentive to perform, when getting fired and doing well still has your ass covered very generously.

And lets not pretend that the retirment accounts of millions of Americans aren't anchored by stock in the same companies that you seek to demonize.

Whoa - let's be realistic. Millions of investors may have stock in a company, but the very investment firms that sold them that stock also short against their investors making a profit. Wall Street doesn't invest in growing companies any more, they don't care if the company makes profit - they invest in being on the right side of the move. But the common investor is hoping on the company growing.

As we can see, the common investor has been screwed the past 10 years, while Wall Street, taking the opposite position, has made billions.