Wall Street CEO Talks to OWS Dumbshits

[SS Junk]

If these people did more listening than the yapping, shouting and ignorance like they did they might be doing better off.

Shouldn't expect anything more out of children.

[Denny]

[Hobie]

Schiff is based in Westport Connecticut, not Wall Street, but whatevs.

Came here to make this thread.

[Hobie]

[Hobie]

Longer vid - contains some of the clips from the above.
Last ~4minutes are the best.

[slow99]

Schiff is based in Westport Connecticut, not Wall Street, but whatevs.

"Wall Street" refers to a classification of jobs, not the physical location. My job is definitely "Wall Street" even though I work in SF.

[Denny]

And to add to that, Schiff might be based in Connecticut, but he's building and employing outside of the US. Can't blame him. Our government makes it impossible for smart business people to operate within the States.

As much shit as I give the big, bad, corrupt businessmen that hold advantages above everyone else; my primary blame is the government for setting regulations that restrict some and give others loopholes. I blame the government for allowing outright fraud and theft to occur. I blame the government for allowing themselves to be manipulated in their practices. I blame the government for operating/managing our economy and currency outside the limits of their Constitutional authority.

If the people really want to protest, they're barking up the wrong tree.

[DON SVO]

The issue with a lot of these "99%ers", IMO, is that they don't have the balls to do what really needs to be done: protest their congressman, protest their legislatures, protest the senate and protest the white house.

What Schiff says about how businesses operate is the same thing my mom (a CPA) has said to me since I was a teenager. She said, "higher biz taxes make it tougher to employ and invest". You'd have to basically have a philanthropist business owner to continue hiring and investing when his/her tax rate creates less and less profit percentage in a publicly traded company.

Example: 10MM net worth, project 10% profit for the year.

sell 2 MM product, costs are 1.7MM = 15% profit
sell 10 MM product, higher taxes/extra workers & taxes on them, costs are 9.2 MM = 8%profit

what these people fail to realize is that a company making BILLIONS... let's say Exxon... profits only 8-10%. With their investments, exploratory spending and constant expenses, a 5% drop cuts their margins into shreds and forces all sorts of neat things like stopping exploration, lay-offs, ceasing operations in mediocre areas etc. thus killing jobs and expansion/growth.

I thoroughly enjoyed that other "1%er"... who I think is bullshitting Schiff or she's getting rewarded handsomely by gov't ties... admitting to paying only 10% in taxes. Ludicrous.

[Denny]

He broke it down on Judge Nepalitano's show on Fox one time and he was paying over 50% as it was.

[YALE]

99%ers need to learn the difference between EBITDA and gross profit.

[YALE]

LMAO! Those are excellent!
"We don't want to take all your money, just 75% after $2mm."
"Then I'll shut down after I make my $2mm for the year, and furlough my employees until January. I've got a tee time."
"ZOMG!!! You can't do that!!!"

[Denny]

Share your success!

[Geor!]

We want to get rid of the Bush tax rates.

Does the idiot know that her taxes will be raised? What would she do then? You guessed it! Bitch and protest.

[TeeShock]

just bunch of brotesters and pitchers

[DamonH]

I saw CNN run the clip today. The part they showed:

Schiff - "Wouldn't you like to be in the 1% too!?"
Bitch - "of course I would, and then I'd give it all away!"

Then they cut off to the next story, making him look like the asshole. I'm not surprised.