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Odin2005

(53,521 posts)

7. No, it's blatant asset-looting.

Reply to Baitball Blogger (Original post)

Fri Dec 19, 2014, 03:36 AM

Dec 2014

Capitalists nowadays only care about maximizing next quarter's profits, even if that means cannibalizing the company. Why? Because with capital gains taxes so low being a vulture capitalist is more profitable than actual investment in the real economy.

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Highlight:

Is Pension Looting a strategic maneuver to hide poor accounting practices? [View all] Baitball Blogger Dec 2014 OP

Not sure, but flat out thievery hifiguy Dec 2014 #1

Longstanding practice...look at the pension mess in Illinois HereSince1628 Dec 2014 #2

when the money is long gone and the theft is about to be discovered Man from Pickens Dec 2014 #3

annnnd...it's gone. Rex Dec 2014 #9

Occam's Razor says the simplest explanation is the most likely one... JHB Dec 2014 #4

Absolutely. Nuclear Unicorn Dec 2014 #5

If it walk like mstinamotorcity2 Dec 2014 #6

No, it's blatant asset-looting. Odin2005 Dec 2014 #7

One of the virtues of communism is: there are no private assets to loot. Nuclear Unicorn Dec 2014 #10

No it is just regular looting of the working class. Same as always imo. Rex Dec 2014 #8

It's pure wage theft. Starry Messenger Dec 2014 #11

There it is TheKentuckian Dec 2014 #12

I Think It's An Excuse RobinA Dec 2014 #13