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View Full Version : John Stossel Caught Panhandling!



Franco
03-25-2011, 04:05 PM
They must not pay too well over a Fox Business News

http://www.facebook.com/#!/photo.php?fbid=10150113106831621&set=a.10150113106486621.283493.46675576620&theater

road kill
03-25-2011, 04:06 PM
They must not pay too well over a Fox Business News

http://www.facebook.com/#!/photo.php?fbid=10150113106831621&set=a.10150113106486621.283493.46675576620&theater

Is he in Madison??
Looks like 1 of the picketers there.

RK

Franco
03-25-2011, 04:10 PM
Is he in Madison??
Looks like 1 of the picketers there.

RK

I think you are onto something. Maybe one of the picketers the union bussed in from Illinois.

BonMallari
03-25-2011, 04:25 PM
I like Stossel, he is a little off the wall quirky,good self depracating humor

Buzz
03-25-2011, 08:54 PM
I just heard him and O'Reilly going off on GE about not paying taxes. I was stunned. They were going on about how that's the real crony capitalism. Couldn't believe my ears.

GE does lots of government contracts. Don't they realize if they have to pay taxes they'll just pass it back to them in costs and we'll all end up paying anyhow? The nerve of those guys.

Franco
03-25-2011, 10:03 PM
I just heard him and O'Reilly going off on GE about not paying taxes. I was stunned. They were going on about how that's the real crony capitalism. Couldn't believe my ears.

GE does lots of government contracts. Don't they realize if they have to pay taxes they'll just pass it back to them in costs and we'll all end up paying anyhow? The nerve of those guys.

The corporate tax code has been broken for a long time.

All GE is doing in showing thier expenses domestically and thier profits internationally.

A flat corporate tax on all income is one way to shut down the loop holes.

All subsidies to companies like GE, oil & gas, ethanol, farmers, etc need to end.

Buzz
03-26-2011, 09:41 AM
The corporate tax code has been broken for a long time.

All GE is doing in showing thier expenses domestically and thier profits internationally.

A flat corporate tax on all income is one way to shut down the loop holes.

All subsidies to companies like GE, oil & gas, ethanol, farmers, etc need to end.

Stossel was absolutely right when he said that this is the real crony capitalism. I'm sure by posting this I'll bring on attacks from Cary and Marvin, and I'm sure that they'll just assume that I'm some bitter looser who's never put in an honest day's work in his life, just because this kind thing bothers me. But this excerpt from Bob Herbert's last NYT article says a mouthful. Note the paragraph in bold. Only in America would a president put a guy like Immelt in a position like this. Everyone here thinks I'm an Obama lover because I defend him against the crazy attacks I see here, which are nothing but a regurgitation of all the crap that his political opponents sling against the wall to see what sticks. Obama has been pissing me off almost since day one, but it's hard to take anyone seriously who follows a political creed that says if Obama is for it, I'm against it. If he's against it, then naturally I'm for it.

http://www.nytimes.com/2011/03/26/opinion/26herbert.html



There is plenty of economic activity in the U.S., and plenty of wealth. But like greedy children, the folks at the top are seizing virtually all the marbles. Income and wealth inequality in the U.S. have reached stages that would make the third world blush. As the Economic Policy Institute has reported, the richest 10 percent of Americans received an unconscionable 100 percent of the average income growth in the years 2000 to 2007, the most recent extended period of economic expansion.

Americans behave as if this is somehow normal or acceptable. It shouldn’t be, and didn’t used to be. Through much of the post-World War II era, income distribution was far more equitable, with the top 10 percent of families accounting for just a third of average income growth, and the bottom 90 percent receiving two-thirds. That seems like ancient history now.

The current maldistribution of wealth is also scandalous. In 2009, the richest 5 percent claimed 63.5 percent of the nation’s wealth. The overwhelming majority, the bottom 80 percent, collectively held just 12.8 percent.

This inequality, in which an enormous segment of the population struggles while the fortunate few ride the gravy train, is a world-class recipe for social unrest. Downward mobility is an ever-shortening fuse leading to profound consequences.

A stark example of the fundamental unfairness that is now so widespread was in The New York Times on Friday under the headline: “G.E.’s Strategies Let It Avoid Taxes Altogether.” Despite profits of $14.2 billion — $5.1 billion from its operations in the United States — General Electric did not have to pay any U.S. taxes last year.

As The Times’s David Kocieniewski reported, “Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore.”

G.E. is the nation’s largest corporation. Its chief executive, Jeffrey Immelt, is the leader of President Obama’s Council on Jobs and Competitiveness. You can understand how ordinary workers might look at this cozy corporate-government arrangement and conclude that it is not fully committed to the best interests of working people.

Overwhelming imbalances in wealth and income inevitably result in enormous imbalances of political power. So the corporations and the very wealthy continue to do well. The employment crisis never gets addressed. The wars never end. And nation-building never gets a foothold here at home.

New ideas and new leadership have seldom been more urgently needed.



This is my last column for The New York Times after an exhilarating, nearly 18-year run. I’m off to write a book and expand my efforts on behalf of working people, the poor and others who are struggling in our society. My thanks to all the readers who have been so kind to me over the years.

caryalsobrook
03-26-2011, 11:39 AM
Stossel was absolutely right when he said that this is the real crony capitalism. I'm sure by posting this I'll bring on attacks from Cary and Marvin, and I'm sure that they'll just assume that I'm some bitter looser who's never put in an honest day's work in his life, just because this kind thing bothers me. But this excerpt from Bob Herbert's last NYT article says a mouthful. Note the paragraph in bold. Only in America would a president put a guy like Immelt in a position like this. Everyone here thinks I'm an Obama lover because I defend him against the crazy attacks I see here, which are nothing but a regurgitation of all the crap that his political opponents sling against the wall to see what sticks. Obama has been pissing me off almost since day one, but it's hard to take anyone seriously who follows a political creed that says if Obama is for it, I'm against it. If he's against it, then naturally I'm for it.

http://www.nytimes.com/2011/03/26/opinion/26herbert.html

If Mr. Stossel crony capitalism, I would be quite surprised since true capitalism has no croniasm. kThe definition of tru capitalism is THE FREE EXCHANGE OF GOODS AND SERVICES. If there are free exchange of goods and services(which includes labor) there can by definition be no cronyism. Cronyism related to business can only exixt through GOVERNMENT. Take the 1000 waivers already given to Obamacare. What about the companies that don't get a waiver? No government interference with capitalism then no cronyism.

The worst and the bigoted part of your post was when you stated that you were sure I would talk about you as a bitter loser and one who has never worked an honest day's work. I challenge you to show a single post of mine that I have referred to you in such a way. In fact the only personal thing I have said about you questions your credibility of soposedly facts you have presented on this forum. You sir own me an apology for saying otherwise.

Uncle Bill
03-26-2011, 12:43 PM
Did any of you bother to watch Stossel's show? Did you understand his reason for "panhandling"?...and how it fit into his show?

He did a number on the American Indian, which I thought was dynamite. Showed how those that USE the system, and provide some intelligence can get so far ahead it's not even argueable...WITHOUT CASINOS!

He also did a number on 'corporate' freeloaders...AND included how he was able to scam the system with his flood insurance.

I think Stossel is one of the better conservatives that do investigative journalism. That broad he interviewed in the Pine Ridge, SD bit on the Indians was soooo typical. Hellsbells, all they've been taught for beaucoups generations is to take handouts. It's very rare some of them come off the res and learn to live in a capitalist society.

He also took the farm subsidy programs to task. I'm sure he could have made an entire program on that alone, especially if he were to involve the bio-fuels and that program of graft.

UB

Franco
03-26-2011, 08:07 PM
Did any of you bother to watch Stossel's show? Did you understand his reason for "panhandling"?...and how it fit into his show?

He did a number on the American Indian, which I thought was dynamite. Showed how those that USE the system, and provide some intelligence can get so far ahead it's not even argueable...WITHOUT CASINOS!

He also did a number on 'corporate' freeloaders...AND included how he was able to scam the system with his flood insurance.

I think Stossel is one of the better conservatives that do investigative journalism. That broad he interviewed in the Pine Ridge, SD bit on the Indians was soooo typical. Hellsbells, all they've been taught for beaucoups generations is to take handouts. It's very rare some of them come off the res and learn to live in a capitalist society.

He also took the farm subsidy programs to task. I'm sure he could have made an entire program on that alone, especially if he were to involve the bio-fuels and that program of graft.

UB

I watch everything he does and can keep up with his TV schedule on Facebook.

He is one of the bright Libertarians out there on TV! I don't think anyone does a better interview with as many interesting guest.

Stossel on Corporate Welfare.
http://reason.com/archives/2011/03/24/end-corporate-welfare

caryalsobrook
03-28-2011, 05:17 AM
Woke up early this morning and was lucky enough to see John Stossel panhandling. Amazing the different take each has watching the same show. Rather than comment onanother's view I'll jusst give mind.
the one thing common to all the freeloading was that ALL of it was the result of GOVERNMENT POLICY, REGULATION OR LAW. Two segments I am quite familar with.
ALTERNATIVE ENERGY- He mentioned the tax credits concerning this so let me give you an example of gov. involvement. A friend of mine owns a small machine milling business. Had about 40 employees before recession, now down to about 19, but still makes about the same. Says got rid of deadwook and has now increased his margin. He is in the process of installing solar system on the roof of his building. Here are the basic figures. The system will be the largest in middle Tennessee to date. the cost is aprox. $325,000 to $350,000. Reimbursement from the Fed. Gov., TVA, state and local comes to aprox. 2/3rds the total cost. Even though he is paid 2/3 the cost, he is allowed to depreciate the total cost of the system. His estimation is that the system will be paid for in 3 years and will generate him an income of about $2,000 a month for the rest of his life. Without gov. reimbursement and tax credits, length of recovery of cost would be at least 30 years andhe certainly would not do it. Again, freeloading as a result of gov. policy, regulations and law. I am even considering building a 100X40 metalbuilding on the farm and incorporating solar energy so the tax payors can not only pay for the solar system but for my metal building also. Freeloading-you bet. Cause- GOV POLICY, REGULATIONS AND LAW. And some people want more of the same!