Why Are Corporations Hoarding Trillions?

Re:Why Are Corporations Hoarding Trillions? by crdoconnor on Thursday January 21, 2016 @04:29PM (#10948536)

If there's one thing that keeps surprising me about Americans, it's the ability to recite, with a straight face, the most blatant, self serving propaganda:

https://fair.org/home/convincing-the-young-to-blame-the-old-...

http://www.nakedcapitalism.com/2014/01/three-card-monte-gene...

[ Parent | on HN ]

Re:Why Are Corporations Hoarding Trillions? by drzaiusapelord on Thursday January 21, 2016 @05:09PM (#10948838)

Counterpoint:

Chicago pension crisis for retiring boomers.

https://www.illinoispolicy.org/chicagos-63-billion-debt-burd...

"When you include the city’s share of Cook County’s debt, Chicago’s total pension debt increases to $32 billion."

Rahm's Record $589M Property Tax Hike OK'd

https://www.dnainfo.com/chicago/20151028/downtown/record-pro...

Note, this tax increase just gets Chicago above water for 48 months. It does not remotely solve the problem. Chicagoans are expected to receive massive tax increases for years going forward.

"the mayor’s tax hike will be $1.9 billion short of the extra contributions needed through 2025."

http://www.illinoispolicy.org/mayor-emanuels-property-tax-hi...

[ Parent | on HN ]

Re:Why Are Corporations Hoarding Trillions? by crdoconnor on Thursday January 21, 2016 @06:29PM (#10949403)

An opinion piece that shrieks about raising property taxes on land owners and demands that it's only fair that retirees have their incomes slashed instead? A counterpoint?

[ Parent | on HN ]