Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

The Mooch Class (split from Recovery Complete)

Discussions about the economic and financial ramifications of PEAK OIL

Re: The Mooch Class (split from Recovery Complete)

Postby Sixstrings » Tue 26 Jul 2011, 02:16:46

$this->bbcode_second_pass_quote('gollum', 'I')sn't that amazing in a sad way?

The only reason Zynga is worth $20 billion is because the Federal Reserve unleashed way too many free trillion$ into investor hands. Futures are up, cotton and real corn are up, and the money found its way into digital corn too.

The stock market is a bubble. Juiced up with printing press cash, and government is committed to guaranteed stock growth regardless of how much money printing it takes. This can't end well, but what do investors care.. there are billion$ to be had, right?

EDIT: and another thing.. these new companies of the future don't employee anyone. It's scary. Zynga will be a $20 billion company but they're not serving the function that titans of industry used to -- provide jobs. Zynga employees only 1,200 people.

According to CNBC, the Facebook IPO could top $100 billion dollars:
CNBC

So surely, a company worth 1/10 of a trillion provides good jobs for lots of folks right? Nope. Facebook only employees 2,000. That's a value-to-employee ratio of $50,000,000 per worker. 8O

Google has a market cap of $199 billion, yet only employees 24,000.

Apple's market cap is $399 billion ( 8O ) and finally we find a company that employees people. Just not Americans.. they have 50,000 American employees (mostly the Apple stores), and one million Chinese making the iStuff. Apple's Chinese suppliers pay their workers four dollars and thirty-six cents per day. (source: Happier Abroad)

Lastly.. not only does Facebook and Google hardly employee anybody, they don't pay any federal taxes. I don't know about Zynga, but if nobody else pays tax I assume they don't either.

Here I found an article (thanks to tax mooching Google).. Zynga wants to weasle out of San Francisco payroll taxes:
$this->bbcode_second_pass_quote('', 'S')AN FRANCISCO (MarketWatch) — Zynga Game Network Inc. said Thursday that it’s encouraged by discussions with San Francisco officials about making it more financially attractive for the closely-held company to keep its headquarters in the city.
Zynga’s talks with city officials come as its peer, Twitter Inc., is poised to benefit from legislation that could exempt the microblogging service from payroll taxes for new hires.
Marketwatch

Ha.. a $20 billion company that only employees 2,000 people doesn't even want to pay a small city tax. If taxed, they'd have to find somewhere else more "financially attractive..", give me a break.
Last edited by Ferretlover on Wed 27 Jul 2011, 09:36:46, edited 4 times in total.
Reason: Shortened long URLs.
User avatar
Sixstrings
Fusion
Fusion
 
Posts: 15160
Joined: Tue 08 Jul 2008, 03:00:00

Re: The Mooch Class (split from Recovery Complete)

Postby gollum » Tue 26 Jul 2011, 02:58:26

$this->bbcode_second_pass_quote('Sixstrings', ' ') $this->bbcode_second_pass_quote('Pretorian', 'S')till some mooches are moochier than others. That's what the problem is.
Ok tell us which social class is moochier. And provide the dollar amounts.

As of now, all social classes are mooches. The rich and the "poor", meaning people who would considered to be rich in a hundred countries or so will be on top of the mooching list.
How many people you know that are actually DO something Six? Not sit in the office or rub each other's backs but actually produce something of value?
$this->bbcode_second_pass_quote('Sixstrings', 'I') think Americans yearn to again make things of value, it's not by the choice of the vast majority of the population that we ended up here.
gollum
Heavy Crude
Heavy Crude
 
Posts: 1048
Joined: Thu 11 Nov 2004, 04:00:00
Location: Wyoming
Top

Re: The Mooch Class (split from Recovery Complete)

Postby AdTheNad » Tue 26 Jul 2011, 03:24:23

$this->bbcode_second_pass_quote('Cog', 'I')f you borrowed money from me, you owe me. Screw your debt jubilee. Sounds like you made some bad life choices and want productive people to pay the price for them.

More mooch thinking at its finest. Know the mooch by his use of fairness and debt forgiveness phraseology.

So if you don't do your due diligence, and lend money to someone who will never be able to pay you back you still expect to be paid? Out of what, sunshine and unicorn farts? Maybe you can get paid from his government welfare cheque so you can keep pretending you're not a mooch.

I guess personal responsibility is just for other people hey Cog.
AdTheNad
Coal
Coal
 
Posts: 433
Joined: Wed 22 Dec 2010, 07:47:48
Top

Re: The Mooch Class (split from Recovery Complete)

Postby SeaGypsy » Tue 26 Jul 2011, 03:50:55

http://cluborlov.blogspot.com/

$this->bbcode_second_pass_quote('', 'A')gainst this background of economic stagnation and decay and widespread financial insolvency one sector is experiencing a boom time: Silicon Valley is booming again, and tech start-up IPOs are doing well. Social networking and mobile computing are hot, and some are expecting them to power the global economy out of the doldrums. Others contend that this industry segment is, and will remain, far too small to pick up the slack for the rest of the resource-strapped global economy. What neither side seems to grasp is this: as the virtualized realm of cyberreality and social networking takes over daily life, the actual physical economy will matter less and less (to those who are still alive and have an internet connection). What these new gadgets offer is, simply put, escapism. In a world of dwindling resources, where each person's share of the physical realm decreases over time, it is no wonder that physical reality fails to satisfy. But thanks to the new, intimate, glowing handheld mobile computing devices, the unsatisfactory real world can be blotted out, and replaced with a cleansed, bouncy, shiny version of society in which little avatars utter terse little messages. In the cyber-realm there are no sweaty bodies, no cacophony of voices to suffer through—just a smooth, polished, expertly branded user experience.


While riding the subway through the Boston rush hour, I have been able to observe just how well these personal electronic mental life support units work in shielding people from the sight of their fellow-passengers, who are becoming a rougher and rougher-looking crew, with more and more people in obvious distress. By focusing all of their attentions on the tiny screen, they are also spared the sight of our well-worn and crumbling urban infrastructure. It is as if the physical world doesn't really exist for them, or at least doesn't matter. But as Horace already understood over 2000 years ago, "Naturam expellas furca, tamen usque recurret" ("You may drive out Nature with a pitchfork, yet she still will hurry back.") If we ignore the physical realm, the physical economy (the one that actually keeps people fed and sheltered and moves them about the landscape) shrinks and decays. The inevitable result is that more and more of these cyber-campers and their gadgets will drop off the network, shrivel, and die with nary a tweet to signal their demise.
(snip)
SeaGypsy
Master Prognosticator
Master Prognosticator
 
Posts: 9285
Joined: Wed 04 Feb 2009, 04:00:00
Top

Re: The Mooch Class (split from Recovery Complete)

Postby Pretorian » Tue 26 Jul 2011, 04:20:11

$this->bbcode_second_pass_quote('gollum', 'A')s of now, all social classes are mooches. The rich and the "poor", meaning people who would considered to be rich in a hundred countries or so will be on top of the mooching list.
How many people you know that are actually DO something Six? Not sit in the office or rub each other's backs but actually produce something of value?
$this->bbcode_second_pass_quote('Sixstrings', 'I') think Americans yearn to again make things of value, it's not by the choice of the vast majority of the population that we ended up here.

Well may be those that are unemployed do, but they still expect to be paid handsomely. They are absolutely sure that an hour of their precious time should be worth more than a 72-hour week of some Chinese dude. Nobody will switch an air-conditioned office and his Farmville/Facebook to dig coal half a mile below for the same pay.
Pretorian
Light Sweet Crude
Light Sweet Crude
 
Posts: 4685
Joined: Sat 08 Apr 2006, 03:00:00
Location: Somewhere there
Top

Re: The Mooch Class (split from Recovery Complete)

Postby Cog » Tue 26 Jul 2011, 06:14:04

$this->bbcode_second_pass_quote('AdTheNad', '')$this->bbcode_second_pass_quote('Cog', 'I')f you borrowed money from me, you owe me. Screw your debt jubilee. Sounds like you made some bad life choices and want productive people to pay the price for them.

More mooch thinking at its finest. Know the mooch by his use of fairness and debt forgiveness phraseology.

So if you don't do your due diligence, and lend money to someone who will never be able to pay you back you still expect to be paid? Out of what, sunshine and unicorn farts? Maybe you can get paid from his government welfare cheque so you can keep pretending you're not a mooch.

I guess personal responsibility is just for other people hey Cog.


I do not and have never supported bailouts in any form whether you are a multi-billion dollar corporation or a homeless guy living in a cardboard box. This whole concept of bailing out failure came about with FDR and the country has had mooch mentality ever since.

Mortgage companies and banks who made bad choices, as well as their customers deserve my contempt not my money.
User avatar
Cog
Fusion
Fusion
 
Posts: 13416
Joined: Sat 17 May 2008, 03:00:00
Location: Northern Kekistan
Top

Re: The Mooch Class (split from Recovery Complete)

Postby davep » Tue 26 Jul 2011, 09:18:14

$this->bbcode_second_pass_quote('Umber', '')$this->bbcode_second_pass_quote('davep', 'C')lassy shotgun? It's a second-hand Turkish huglu... The photo was for a tinfoil hat competition in a UK newspaper (yes, I won).

As for well to do, I managed to buy the place in 2007 for 100k euros after selling up in the UK in 2006 (I started with a 105% mortgage in the UK, it was pure luck that I sold at the top of the market - the place I bought was just over a quarter of the selling price in the UK). ... I've since been travelling over 1000km every weekend by car for over three years between home and work just to get the work done on the place to make it habitable.
So kindly keep your ignorant comments to yourself, thanks.

Peak oil? And you burn how much of it driving 1000km each weekend for three years? Drove 156000km so you could maintain your lifestyle. Yes, yes, I see.

Not that I want to jump to conclusions, but it appears that you might have broken up the garden with that petroleum fed "horse" behind you in the photo. The lawn was cut with what?? A scythe? Goats? Or maybe a petroleum guzzling, noxious fume spewing mower? And the wood pile in back... cut with a buck saw or one of those snarling, PETROLEUM fired chain saws?

I can see that you're VERY worried about peak oil. I am impressed. You seem to be ready for the coming hard times.

And, off topic, where is the info you were going to dig up so you could educate me about those "automatic-pump" shotguns?


Transition :-D

Seriously though, through the planting of perennials I'm looking at an agroforestry system that won't require fossil fuel input. But for now I'm making hay while the sun shines, as it were. I'm spending nearly 600 euros per month on diesel at the moment, but that's mitigated by the fact my job pays really well. I don't see it as a long term thing (in fact I'm looking for jobs paying significantly less nearer to home right now).

As for the automatic pump shotguns, I've already explained that the chap in question is meant to have created a system that automates the pump and firing process. I'm not sure why this is so hard to comprehend for you.
What we think, we become.
User avatar
davep
Senior Moderator
Senior Moderator
 
Posts: 4579
Joined: Wed 21 Jun 2006, 03:00:00
Location: Europe
Top

Re: The Mooch Class (split from Recovery Complete)

Postby prajeshbhat » Wed 27 Jul 2011, 05:25:12

It's hard to figure out what the libertarians want. They talk relentlessly about the triumphs of individualism, yet its amazing who viciously eager they are to capture the American government. And how religiously they are following Ron Paul. And they do offer a solution to all of the worlds problems. The solution is that vote for a libertarian politician who will go to Washington and then do nothing. And also make sure other politicians get to do nothing.
And then there is Peter Schiff who offers a solution for american economic problem. He says americans should be making cars for those people who are riding bicycles in china. 8O :shock: :? :lol: :razz:
prajeshbhat
Lignite
Lignite
 
Posts: 346
Joined: Tue 17 May 2011, 02:44:33

Previous

Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 0 guests

cron