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Sun Oct 28, 2012, 07:23 PM

There s this accepted idea that CNN is more on the side of the GOP...

And there are a lot of reasons to believe that is true. Remember, CNN is a large money making concern and the last time I looked, most large money making concerns are pro business which, in this great country of ours, means leaning to the right and that means the GOP.

As an accountant I find this absurd. The whole idea is to foster and grow new business in order to provide good jobs so that people can buy the stuff and services provided by business. Think about the whole circle of life thing and imagine that happening in the market place.

CNN, like most for profit concerns, embrace conservatism because they believe that makes for economic stability. Or so they think.

It really is all about a wonderful life if you remove that friend of George's who was giving George an insider trading tip, but I quibble.

Just think of George Bailey and Mr. Potter. The Bailey Loan Company combined the market power of the town and used that capital to spread around the money so that it would lift up the most people along the way. Mr. Potter's version, so spelled out when Clarence showed to George what the town would look like if the humanity was taken out of the market place and filled with the kind of draconian capitalism that all those Masters of the Universe operating on Wall Street would love to have happen.

This all shows us that a thriving and healthy economy depends on opening up as many opportunities as possible for those who work, those who produce and those who invest. All can benefit. We reward those who work with wages, we reward investors with dividends and growth and we reward those who produce with profit.

The whole interaction of these the forces gives us a modern, functioning and efficient organization of societal economics.

Now if greed steps in...

Well, the Bible talked about that when they brought up Sodom and Gommorrah. These two cities, so the legend goes, were more interested in looking out for the themselves and were willing to risk it all for the sake of pleasure. Think about it for a minute. The matters of the flesh were embraced as the matters of the town were looked after only if they had too.

So what I am getting at is this idea of trickle down economy is all about skewing the relationship between wages, dividends and profits way more to the profit sector. And this is happening right now in the US economy. All you have to do is look at the tax code and how capital gains are taxed and compare that with how interest and wages are taxed.

The tax code is essentially stating that wages are not as valuable to society as dividends which are not as valuable to society as capital gains, which is really the taxing of the gains of profit as it is absorbed into the company.

so if we saw profits are more important than wages, is it any wonder that those who work for a living are falling behind those who own the places our people work.

Just a thought to ponder on a rainy Sunday night in October...

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Reply There s this accepted idea that CNN is more on the side of the GOP... (Original post)
WCGreen Oct 2012 OP
CaliforniaPeggy Oct 2012 #1

Response to WCGreen (Original post)

Sun Oct 28, 2012, 08:15 PM

1. It seems to me that you have more than one thought to ponder on a rainy Sunday night...

Maybe enough thoughts for an entire week....

Good thinking, nonetheless.

K&R

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