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  1. #26
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    "Numerous other provisions in the final bill deregulate portions of the financial industry,

    including preempting states from regulating companies that advise small businesses,

    removing certain private equity firm oversight restrictions, and

    enabling “emerging growth” companies from hiding their financial activities from investors.

    A
    late entry to the bill will force the Consumer Financial Protection Bureau to shift resources to determine whether mortgage companies are “rural lenders.”

    Under Dodd-Frank, lenders in rural communities can offer riskier mortgages without giving consumers stronger protections.

    Even firms that don’t predominantly operate in rural areas can qualify for the rural lender designation, according to the bill’s language.
    "

    yep, Congress really screwed BigFinance.



  2. #27
    dangerous floater Winehole23's Avatar
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    gives with one hand, takes with the other. you do know that legislation involves compromise, right?

  3. #28
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    gives with one hand, takes with the other. you do know that legislation involves compromise, right?
    BigFinance, BigCorp always "win" the compromises they buy

  4. #29
    dangerous floater Winehole23's Avatar
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    well, of course we have welfare for the mega-rich. it's called "pro-business" policy, and it's the only reputable form of socialism in the USA.
    https://www.goodjobsfirst.org/amazon-tracker

  5. #30
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  6. #31
    dangerous floater Winehole23's Avatar
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    my take on tax subsidies/abatements for businesses?

    not only are they a ripoff for states/cities/counties, at the state level the incentives sometimes work like a political slush fund.

    pols forgive taxes, corporations pay them back on the campaign trail.

  7. #32
    dangerous floater Winehole23's Avatar
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    what's your take on corporate tax abatements and subsidies?

  8. #33
    dangerous floater Winehole23's Avatar
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    So, what is your take on that?
    did you check out the website?

    what's your take?

  9. #34
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    did you check out the website?

    what's your take?
    I glanced. But I'm not presuming anything. What is your take?

  10. #35
    dangerous floater Winehole23's Avatar
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    post #31 on this page. I also have other takes on the previous page.

    maybe you should take a moment to review the thread before spouting off.

  11. #36
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    post #31 on this page. I also have other takes on the previous page.

    maybe you should take a moment to review the thread before spouting off.
    Spouting off is asking you for your take on your own link? Take your meds, bruh.

  12. #37
    dangerous floater Winehole23's Avatar
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    I gave you my take on Amazon. A trillion dollar company doesn't need subsidies from states, counties and municipalities to extend its distribution network.

    It should pay its fair share of taxes like any other corporation.

  13. #38
    dangerous floater Winehole23's Avatar
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    What's your take on corporate tax subsidies, Spurtacular?

  14. #39
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    I gave you my take on Amazon. A trillion dollar company doesn't need subsidies from states, counties and municipalities to extend its distribution network.

    It should pay its fair share of taxes like any other corporation.
    And are you figuring out that both parties are the parties of the corporations yet, or is this just some weird anomaly to you?

  15. #40
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    What's your take on corporate tax subsidies, Spurtacular?
    I'm not for them at all. Low interest loans is as far as I'd want the govt. to even consider going. Otherwise, our bankruptcy laws are in place for a reason.

  16. #41
    dangerous floater Winehole23's Avatar
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    And are you figuring out that both parties are the parties of the corporations yet, or is this just some weird anomaly to you?
    not at all.

    this thread goes back 4-1/2 years and that for sure wasn't the first time I ever heard of tax abatement.

  17. #42
    dangerous floater Winehole23's Avatar
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    I'm also familiar with the broad spectrum political pandering to corporations. I agree that it's not exclusively a GOP or Dem thing.

    we basically have two pro-business parties in the US. they chop the onion a little different, but it's the same onion.

  18. #43
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    I'm also familiar with the broad spectrum political pandering to corporations. I agree that it's not exclusively a GOP or Dem thing.

    we basically have two pro-business parties in the US. they chop the onion a little different, but it's the same onion.
    the oligarchy totally controls both parties and govt, and therefore have rigged America irreversibly to enable/enrich/protect the oligarchy.

    unstoppable, irreversible, and it's going to get much worse, while extremely polarized, cultish/tribal fat-assed, ill, decrepit Americans are dazed by bull myths about themselves and America, and now confused, befuddled, flummoxed by the relentless cacophony of bull , lies, deceptions, corruptions from the political and religious rabble rousers.

    here's how the very smart, very wealthy, capable oligarchy LIES: https://www.youtube.com/watch?v=Fmh4RdIwswE

  19. #44
    Garnett > Duncan sickdsm's Avatar
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    Everyone claims to have the short end of the stick regarding subsidies. I look on that list and at first glance i notice airlines, clothing, car dealerships, google, wal mart, etc.. If without subsidies or corporate welfare, does a new GMC Acadia cost $150k? New Air Jordans $500? Everyday people get fasttracked to those corporate welfare including the common man.

  20. #45
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    Everyone claims to have the short end of the stick regarding subsidies. I look on that list and at first glance i notice airlines, clothing, car dealerships, google, wal mart, etc.. If without subsidies or corporate welfare, does a new GMC Acadia cost $150k? New Air Jordans $500? Everyday people get fasttracked to those corporate welfare including the common man.
    Quantify it for me. Give me some figures. You happen to be in an industry that does get fasttracked, but the common man that works two jobs doesn't. The guy running a small business largely doesn't.

    I readily admit it infuriates me that a local company was handed out a huge parcel of land, $8m+ in tax breaks and to top it off, I gotta watch the Porsches, Mercedes, Audis coming in and out of there all day.

    I'm fortunate our small business is doing very well, but it's all sweat. I get no handouts. I get no land. I get no breaks. What you do will only take you so far, then it's who you know, that's the reality of it.

  21. #46
    Garnett > Duncan sickdsm's Avatar
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    Quantify it for me. Give me some figures. You happen to be in an industry that does get fasttracked, but the common man that works two jobs doesn't. The guy running a small business largely doesn't.

    I readily admit it infuriates me that a local company was handed out a huge parcel of land, $8m+ in tax breaks and to top it off, I gotta watch the Porsches, Mercedes, Audis coming in and out of there all day.

    I'm fortunate our small business is doing very well, but it's all sweat. I get no handouts. I get no land. I get no breaks. What you do will only take you so far, then it's who you know, that's the reality of it.
    I suggest you talk to your reps or individual corporations about that. I'm not going to hunt down individual statistics for each corporation. I think it's humorous to pretend subsides only affect the that directly receive it when we are on a sports message board. Almost all pro teams are the benefit of land, added taxes on girls, etc.... If you are a Spurs fan, you've received those benefits indirectly.


    Wal Mart definitely is able to add value to their prices by this process. You don't even need to shop there to receive it. Compe ors need to compete with them on prices. Not saying to need to love the idea but you do need to realize that you are benefiting. I've always heard the comments that airline travel in the us is highly subsidized. No doubt that I've benefitted from some cheap tickets before. Under $100 for a 3k mile round trip? Gotta be some subsides in that.

  22. #47
    Garnett > Duncan sickdsm's Avatar
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    I suggest you talk to your reps or individual corporations about that. I'm not going to hunt down individual statistics for each corporation. I think it's humorous to pretend subsides only affect the that directly receive it when we are on a sports message board. Almost all pro teams are the benefit of land, added taxes on girls, etc.... If you are a Spurs fan, you've received those benefits indirectly.


    Wal Mart definitely is able to add value to their prices by this process. You don't even need to shop there to receive it. Compe ors need to compete with them on prices. Not saying to need to love the idea but you do need to realize that you are benefiting. I've always heard the comments that airline travel in the us is highly subsidized. No doubt that I've benefitted from some cheap tickets before. Under $100 for a 3k mile round trip? Gotta be some subsides in that.
    Common Man that works two jobs? Only 5% work two full time jobs. Full time with part time side gig doesn't qualify since alot work more on their single job.

  23. #48
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    I suggest you talk to your reps or individual corporations about that. I'm not going to hunt down individual statistics for each corporation. I think it's humorous to pretend subsides only affect the that directly receive it when we are on a sports message board. Almost all pro teams are the benefit of land, added taxes on girls, etc.... If you are a Spurs fan, you've received those benefits indirectly.

    Wal Mart definitely is able to add value to their prices by this process. You don't even need to shop there to receive it. Compe ors need to compete with them on prices. Not saying to need to love the idea but you do need to realize that you are benefiting. I've always heard the comments that airline travel in the us is highly subsidized. No doubt that I've benefitted from some cheap tickets before. Under $100 for a 3k mile round trip? Gotta be some subsides in that.
    The bolded didn't stop you from making bold generalizations, just like you can't back up or quantify this 'trickle down' subsidies effect. That the abuse is widespread on large corporations doesn't make it right either.

    But even if you could demonstrably show a certain degree of trickle down, the concept is wrong. The ideas of subsidies in a free market economy is to artificially keep business above water due to specific concerns that have nothing to do with a free flowing economy.

    For example, farm subsidies make sense with regards to food supply for the country or in the case of war. It's a national security issue, not an economic issue.

    The FDIC is another good example: it will backstop and give certainty that deposits, up to a certain amount, are covered even if the bank goes belly up, to prevent civil unrest (notice how it doesn't prevent the bank from going belly up).

    The economic part should, theoretically, be handled by the market itself. It should be compe ion, improvement in processes, quality, what picks winners and losers, not governments. At least, that's what your average free market economist will tell you.

    Otherwise, how different is that from communism? In Communism the rationale is that 'the community' pick winners and losers, with 'the community' being the elected government.

    That's why it's incredibly hypocritical to hear the whining about socialism and welfare, yet, turn around, grab a handout and rationalize it as 'well, they're getting theirs, I'm gonna get mine'.

  24. #49
    Garnett > Duncan sickdsm's Avatar
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    The bolded didn't stop you from making bold generalizations, just like you can't back up or quantify this 'trickle down' subsidies effect. That the abuse is widespread on large corporations doesn't make it right either.

    But even if you could demonstrably show a certain degree of trickle down, the concept is wrong. The ideas of subsidies in a free market economy is to artificially keep business above water due to specific concerns that have nothing to do with a free flowing economy.

    For example, farm subsidies make sense with regards to food supply for the country or in the case of war. It's a national security issue, not an economic issue.

    The FDIC is another good example: it will backstop and give certainty that deposits, up to a certain amount, are covered even if the bank goes belly up, to prevent civil unrest (notice how it doesn't prevent the bank from going belly up).

    The economic part should, theoretically, be handled by the market itself. It should be compe ion, improvement in processes, quality, what picks winners and losers, not governments. At least, that's what your average free market economist will tell you.

    Otherwise, how different is that from communism? In Communism the rationale is that 'the community' pick winners and losers, with 'the community' being the elected government.

    That's why it's incredibly hypocritical to hear the whining about socialism and welfare, yet, turn around, grab a handout and rationalize it as 'well, they're getting theirs, I'm gonna get mine'.
    Totally misrepresented what I said. I guess some hear what they imagine others to say. I'm not saying it's right or I believe in trickle down reagonomics, what I'm saying is that you are benefiting from alot of those subsidies. I'm not saying that it's an immense amount or even trying to quantify it. Just that it does exist. By you arguing that, your trying to say that if Walmart did not receive any subsidies, they would still be able to sell the same products at the same price, it would just be less profit. Do you agree with that statement?

  25. #50
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    Totally misrepresented what I said. I guess some hear what they imagine others to say. I'm not saying it's right or I believe in trickle down reagonomics, what I'm saying is that you are benefiting from alot of those subsidies. I'm not saying that it's an immense amount or even trying to quantify it. Just that it does exist. By you arguing that, your trying to say that if Walmart did not receive any subsidies, they would still be able to sell the same products at the same price, it would just be less profit. Do you agree with that statement?
    Nobody here denied they exist. What was discussed is if they need to be granted to those that are granted.

    You brought the argument that the common man benefits from those subsidies, but outside of a gut feeling, or 'believe me', I got nothing from you to substantiate it.

    What I'm arguing is that Walmart shouldn't receive any special treatment/taxpayer monies, and they should have the liberty (as they do now) to price things as they deem to remain compe ive. Much like Amazon and everyone else.

    That's what any other business that does not receive any incentive does, and then the chips will fall where they may. Some companies will be able to stay in business, some companies will not and the individuals that make them up will move on to something else, create new businesses, etc.

    In a theoretic free-market economy, there has to be a compelling reason for government intervention: an rust concerns, national security, civil unrest, etc.

    Not even the 'jobs' excuse makes sense *IF* the company is profitable (not to mention extremely profitable). The only case I can think of is if a company is going belly up, and you have an extremely large amount of employees. In that case you could seek government intervention, not to save the failing company, but to transition the workers to other jobs (and it really is, again, associated with the civil unrest angle).

    Now, if we're talking socialism, we can then add some other concerns, like employee's well being, minimum set of benefits, etc.

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