| Author | Message | ||
     Two_seasons |
Here is why I work for GE. I trade my time for a paycheck. Short story version at least. Regarding corporations paying taxes, Aesquire is correct. It's really easy math. | ||
| Blake |
That's a great windfall on your shrewd GE stock trading there Doby, congrats on that. You made 400% profit. But you are outraged when the company earns a mere 7%? How is that not hypocritical? You earned a great windfall, but don't have money for your own business? Isn't that self-contradictory? Most folks who enter into their own business or work for themselves often don't know where their next payday is coming from. On both issues, the GE profit versus wages and self-employment ones, I think you have some serious soul-searching and truth-finding to do. There's not a darn thing wrong with being risk averse, the vast, vast majority of folks choose to avoid the stress and challenge of self-employment or executive management. If your skills are valuable, then head out into the market and negotiate a better compensation package for yourself at another company. It's a free market, no? You want something different comrade?  I doubt it. | ||
| Blake |
Steve, The $200B+ I mentioned is the market cap, what the company is currently worth. | ||
| Hootowl |
"Power in the union is not how much the member makes, but in the number of members." I think that goes without saying. More members = more dues = more $$ to spend buying politicians. The wellbeing of the union member isn't really a factor. | ||
| Daves |
When you own your own business you are supposed to get a paycheck? Man, I'm going to have to look into that! It's really pretty simple 2 kinds of people First kind wants others to take care of them. Second kind prefers to take care of themselves. | ||
| Moxnix |
Union apprenticeships were always a source of well-trained journey level workers. Around here, they have a hard time finding young folk who can pass the drug test. On the other hand, those union protestors on TV are in "service workers" and "teacher" and "government employee" unions. They create nothing, build nothing, do little or nothing. | ||
| Dobypaw |
Hey Blake you need to get your numbers straight. The $14B profit is not off the $200B you now say is what GE is worth it is based of the $77.35B in gross income from 2010 looks like to me that is about a 20% profit as compared to 7%... So GE did pretty efing good!!! As for you calling me a hypocrite for making 400% profit on my investment is wrong IMO. I only made $10000 on it about 15% of my income and I am not trying screw anyone to make more of a profit like corporate America. I do have the money to start a business since transfering my GE stock to my other investments but I would not risk my 401K in doing so...I just love when guys think they know anothers situation and then go on to degrade them about it. Blake you are an a$$. You have probably never had to worry about losing 10% to 15% of you income from an employer that makes 20% profits on their income. Walk a mile in someones shoes before assuming you know everything. | ||
| Ft_bstrd |
If you own stock, you ARE corporate America. Your growth in stock value came as a direct result of the decisions of GE management. I think $10,000 is too much profit on a stock. I believe you should give that back to the company to pay wages and benefits for GE workers. You are being greedy keeping it. | ||
| Sifo |
I only made $10000 on it about 15% of my income and I am not trying screw anyone to make more of a profit like corporate America. I'm just curious... How do you participate in the profits of corporate America without participating in the means by which corporate America makes it's profits? You may be kidding yourself, but you aren't kidding me. It's kind of like a pimp proudly stating that he's more righteous than those dirty hookers that have sex for cash. | ||
| Sifo |
Looks like I'm not the only one that caught that.  | ||
| Dobypaw |
I guess you guys only read what you want to... Read my last post I said I transfered my GE stock into my other investments I own $0 of GE!!! Anyone who did not buy at $5 a share was a fool. But I did my investment earning with out screwing over anyone. But most of you guys are anti union and no mater what I say whether I'm right or wrong... There is no arguing with you. Just make sure you read everything because a lot of you are wrong when replying to my post. I would like to see someone start a business with out money... We are not living in 1900 anymore. Someone here said they took out a second mortgage to start a business... Why? If you do not need money to start one. | ||
| Sifo |
Read my last post I said I transfered my GE stock into my other investments I own $0 of GE!!! Should I read that to mean that you continue it invest in corporate America? If so then you are still part of what you claim to be the problem. If not then you were only part of what you claim to be the problem when you saw a real financial opportunity. If you want to start a business with minimal investment, PM me. I'll clue you in to what you can do if your are willing to bust your ass. I can give you an idea how long it will take to grow it to a good paying business. I can suggest some reading materials specific to starting out in that business. You can be making some OK money your first year too. You will have to go through a period of seriously hard work and going red while you try to grow it beyond a one man operation. | ||
| Dobypaw |
Ft bastard I know your just being a funny man or as I like to say a dick... Let's put this into perspective I have about 27 years till I retire. That $10,000 profit you say is to much for a stock, is squat as compared to what I will need when I retire. Or as compared to what you will need as well. God know social security will not be there for anyone outside the baby boomer generation. Need to make as much as possible with what resources I have. Maybe my firebolt will be worth it weight in gold by then. Wishfull thinking. | ||
| Sifo |
BTW, I'm not talking about AMWAY, but I do know someone who did very well with that, so that's an option too. | ||
| Dobypaw |
Sifo no do not read into it like that... I am not investing my 401k in stocks at all. More assuming!!! | ||
| Sifo |
I'm curious, if you would please share what you are investing your 401K funds in. | ||
| Blake |
Figuring % profit off of gross income? That's a new one. On sales, yes; on market cap, yes. Profit as percentage of gross income? Huh? >>> I just love when guys think they know another's situation and then go on to degrade them about it. Blake you are an a$$. You have probably never had to worry about losing 10% to 15% of you income from an employer that makes 20% profits on their income. Walk a mile in someones shoes before assuming you know everything. Do you have any idea how incredibly hypocritical you are being? You presume to know my history or current situation? It's too funny.
 | ||
| Dobypaw |
Ok then they made an even bigger profit if it is not on gross income. If it is on what you say it is then they must have made close to 30% or 40% of their total sales. This just makes my employer look even more greedy and has nothing to stand on for the up coming contract. Thank you for the correction!!! | ||
| Sifo |
The earnings percentage is based on capital invested. There's no other correct way to do it. GE's market cap. is 213 b. Their most recent quarterly earning report showed 3.6 b. That works out to 6.76% annualized. So where did you say you were putting your 401K funds? | ||
| Reindog |
You have 27 years until you retire? Why isn't a sizable percentage of your 401(k) in the stock market?????? What return are you making on your 401(k) investment options? I, too, would like to know. At your age, you can afford to lose everything and still come back from the dead. The biggest risk is not taking any risk. With your fearful attitude, you are doomed to be poor unless you: * inherit money. * marry someone who has money. * win the lottery. * steal it. I would advise against the last point and not wish too hard for the others. I've lost "fortunes" several times now. I have refined the rules of my game to minimize risk with an acceptable expectation of reward. You gotta have game, man. BTW: I think I know you quite well. | ||
| Kenm123t |
Guys your feeding Trolls again or at least a Idealogical Idiot | ||
| Sifo |
To be far I'm playing with him on where he's investing his 401K. It's pretty much impossible to invest in a 401K and not be invested in corporations. If there's an exception to this I would like to hear it. Bottom line is he is profiting from the very corporations that he chooses to demonize. Unless of course he can prove me wrong. | ||
| Reindog |
Dobypaw appears to be a good but an easily excitable guy. We'll turn him into a good Conservative through education. We are just tending the flock. | ||
| Sifo |
Guys your feeding Trolls again or at least a Idealogical Idiot  | ||
| Reindog |
He is probably lending money to the government. Talk about a greedy entity. | ||
| Dobypaw |
Sifo how can that be when their gross profit was $75.49B last year. If they base it off their assets as well that's kinda screwed up. Blake FYI GE's total worth is $751B. My 401k a large chunk is in international, mutual funds and bonds I think not 100% I would have to look it up to make sure. | ||
| Paint_shaker |
Mox wrote; "On the other hand, those union protestors on TV are in "service workers" and "teacher" and "government employee" unions. They create nothing, build nothing, do little or nothing." I welcome you to come "do nothing" at my job for a day... To be fair, it's not an overly tough job. All that is required is good people skills, a bullet proof vest and the testicular fortitude to run into danger while others are running away. | ||
| Two_seasons |
Dobeypaw: That IAM kool-aid can taste pretty good if it's sold right. Just curious, but if you did not work at GE, what would you do for a living? | ||
| Sifo |
Sifo how can that be when their gross profit was $75.49B last year. You don't use gross to figure your gains, you use net. http://www.ge.com/investors/events/event_id0421201 1.html Here's where you can find their market cap. http://www.ge.com/investors/stock_info/index.html My 401k a large chunk is in international, mutual funds and bonds I think not 100% I would have to look it up to make sure. Yep, all greedy corporations. | ||
| Scooter808484 |
On the other hand, those union protesters on TV are in "service workers" and "teacher" and "government employee" unions. They create nothing, build nothing, do little or nothing. So Policemen and Firemen do nothing? Teachers do nothing? You can argue all you want their union's tactics, their pay, etc. But to take a whole class of people, the vast majority of which are hard workers, and work FOR you is utter Bull$h!t. What the h3ll do you do for a living that's so all fired important anyway? |
