Capitalism can not eradicate poverty

[gore0bsessed]

Corporate Canada's cash in tax havens explodes to $199 billion under Stephen Harper | Press Progress



Isn't this curious?
Despite claims that raising corporate taxes will lead to "capital flight," Corporate Canada has managed to smash its old record, sending close to $200 billion to tax havens – even as Canadian corporations enjoy their lowest tax rates in recent history (and among the lowest in the world) thanks to Stephen Harper's Conservatives.
New data from Statistics Canada show the amount of money flowing from Corporate Canada into the world's top 10 tax havens hit a record $199 billion last year. And if that doesn't surprise you, get this: the second biggest destination for money flowing out of Canada is now Barbados.
Yes, that needs to be put in bold – foreign direct investment in the tiny island nation of Barbados ($71.2B) is second only to the United States ($350B) and is actually greater than the amount of money Canadian companies invest in China, Germany, Brazil and Mexico combined.
And rounding off the top five? Two more tax haven countries: the Cayman Islands and Luxembourg:

"Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration".
State of the Union Address: Abraham Lincoln (December 3, 1861)

 

[Ludlow]

I will say this GoreOCD,,, the only difference between socialism and democracy is that the socialists know they are not free. "I plageurized that from someone I use to listen to.

Always cite the source GoreOCD or they'll be thinkin you're plaguerizin and passin it off as your own idears..

 

[Walter]

The OP is crap.

Any serious look at the history of human beings over the millennia shows that the species began in poverty. It is not poverty, but prosperity, that needs explaining. Poverty is automatic, but prosperity requires many things -- none of which is equally distributed around the world or even within a given society.
[snip]
In 1900, only 3 percent of American homes had electric lights but more than 99 percent had them before the end of the century. Infant mortality rates were 165 per thousand in 1900 and 7 per thousand by 1997. By 2001, most Americans living below the official poverty line had central air conditioning, a motor vehicle, cable television with multiple TV sets, and other amenities.
A scholar specializing in the study of Latin America said that the official poverty level in the United States is the upper middle class in Mexico. The much criticized market economy of the United States has done far more for the poor than the ideology of the left.
Pope Francis' own native Argentina was once among the leading economies of the world, before it was ruined by the kind of ideological notions he is now promoting around the world.
Thomas Sowell

 

[darkbeaver]

You're all wrong. Only Gesus can make us happy.

 

[AnnaG]

Pure socialism wouldn't work any better than pure capitalism, communism, fascism, libertarianism, etc. There are always loopholes in the walls and cracks in the floorboards and so on.

 

[Walter]

More gubmint is never the answer.
https://www.conservativereview.com/...ata-reveals-colossal-failure-of-welfare-state

 

[Ludlow]

More gubmint is never the answer.
https://www.conservativereview.com/...ata-reveals-colossal-failure-of-welfare-state

folks need to be governed as they have shown that less regulatory measures applied allows them more freedom to screw each other over without the use of a lubricant,

you see

 

[AnnaG]

More gubmint is never the answer.
https://www.conservativereview.com/...ata-reveals-colossal-failure-of-welfare-state

That's for sure.
Governments are the biggest waste of money ever thought of.

 

[AnnaG]

Politics in general won't get rid of poverty nor, for that matter, will religion.

Hey WTH? Usually if I post right after I posted before, the latest post gets tagged onto the end of the previous post. Like it just did.

 

[Walter]

Politics in general won't get rid of poverty nor, for that matter, will religion.

Hey WTH? Usually if I post right after I posted before, the latest post gets tagged onto the end of the previous post. Like it just did.

Apparently there is a time thing involved.

 

[AnnaG]

oohhh ok

 

[MHz]

1 hour and then it gets it a new box to itself.

 

[gopher]

capitalism may not eradicate poverty but it certainly alleviates it with safety net programs

sadly, Congress has failed to increase social security benefits this year which is used by so many to maintain a livelihood:

therefore, capitalism is not the problem - politics is the problem

 

[captain morgan]

therefore, capitalism is not the problem - politics is the problem

Very well put

 

[darkbeaver]

Very well put

I agree, where's are the referees? Do you believe in the death penalty for corporate crimes, if so what particular crimes? Shouldn'd corporate criminals be torn apart by registered angry crowds of consumers?

Don't international private bankers represent an disadvantage to fair competion?

 

[Danbones]

I agree, where's are the referees? Do you believe in the death penalty for corporate crimes, if so what particular crimes? Shouldn'd corporate criminals be torn apart by registered angry crowds of consumers?

Don't international private bankers represent an disadvantage to fair competion?

you mean the "competition is a sin" boys?
haha, we don't know if capitalism is the problem
its never been tried
politics is NOT the problem as the competition is a sin guys are at work always
( no such a thing as politics...)
"its not who votes that counts
its who counts the votes" -unky Joe
(you remember unky joe? heh..
the guy who managed the banker funded Bolshevik revolution and the Bolshevik lead pogroms who won the banker funded WW2)

 

[JLM]

It will take 100 years for the world’s poorest to earn $1.25 a day | Global Development Professionals Network | The Guardian


A few weeks ago economist David Woodward tackled this question in an article published in the World Economic Review. His findings are shocking. He shows that, given our existing economic model, poverty eradication can’t happen. Not that it probably won’t happen, but that it physically can’t. It’s a structural impossibility.

That's my take on the situation. We'll always have it as long as there's wealth!

 

[Danbones]

That's my take on the situation. We'll always have it as long as there's wealth!

exactly!
cant have piles without holes

 

[Ludlow]

Well took quite awhile for the experts to agree,,,the poor you shall have with you always.

 

[darkbeaver]

you mean the "competition is a sin" boys?

Yah them are the ones.

Well took quite awhile for the experts to agree,,,the poor you shall have with you always.

We could hardly appreciate wealth without them. I think we could reduce our dependancy on the poor if thier were fewer more advanced better trained poor however. Ultimately it's very inefficient to employ so many of them. A reduction in the wealthy though would increase the poor. What is the best mix of poor to wealthy?