When the One thinks that govt can tell you how much you're allowed to make

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kokonut

kokonut

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We’re not, we’re not trying to push financial reform because we begrudge success that’s fairly earned. I mean, I do think at a certain point you’ve made enough money. But, you know, part of the American way is, you know, you can just keep on making it if you’re providing a good product or providing good service. We don’t want people to stop, ah, fulfilling the core responsibilities of the financial system to help grow our economy.
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Breitbart.tv Obama to Wall St.: ‘I Do Think at Some Point You’ve Made Enough Money’

This is a free country where people work for themselves for success and not for the government. He seems to have a problem understanding that. Who is he to judge?
 
I wonder if $5 million a year is considered enough.
 
He doesn't like it when somebody makes more than him.
 
Jiro said:
really? is it a free country where Wall Street scoundrels make money illegally in a very sophisticated way that is extremely difficult to prosecute them?
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No doubt. The quote was obviously twisted on purpose by the OP. Or just completely misunderstood. But then, I suppose if one doesn't have any investments, there is no need to worry about being ripped off by Wall Street. That is probably what accounts for the total lack of empathy we see here. Thank God, Obama has the ability to show empathy.
 
darkdog said:
I wonder if $5 million a year is considered enough.
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That could change next year. Just found out that dear leader Obama made $5.5 million in 2009 while 2008 was about 1/2 that amount. I suppose by 2010 he'll be up to $10 million or more?
 
kokonut said:
That could change next year. Just found out that dear leader Obama made $5.5 million in 2009 while 2008 was about 1/2 that amount. I suppose by 2010 he'll be up to $10 million or more?
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report back to us when you find out
 
He's NOT telling you that you cannot make as much as you can.. he just thinks, correctly, that at a point, you just make way too much for yourself. That's when you need to start to donate and invest.
 
netrox said:
He's NOT telling you that you cannot make as much as you can.. he just thinks, correctly, that at a point, you just make way too much for yourself. That's when you need to start to donate and invest.
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It is still telling people what they should do and how much they can make for themselves to keep. There is no requirement for people to donate if they make tons of money. Just buying items like boats, houses, cars, other products and such do help contribute with the economy. How much is too much? And exactly what does he mean by "fairly earned?"
 
Even if we don't individually invest, the people who control our pension funds, 401ks and college investment funds do. We are all indirectly effected.

There's a concept of keeping adequate capital in a corporation. Those businesses who failed to retain adequate capital are failing now (usually because of quick over-expansion). The value of stock is SUPPOSED correlate to the real value of a corporation, including things like retained capital and goodwill. The stock market is not supposed to be a big, free-wheeling casino. That's what it's become because of regulation failure.
 
sallylou said:
Even if we don't individually invest, the people who control our pension funds, 401ks and college investment funds do. We are all indirectly effected.

There's a concept of keeping adequate capital in a corporation. Those businesses who failed to retain adequate capital are failing now (usually because of quick over-expansion). The value of stock is SUPPOSED correlate to the real value of a corporation, including things like retained capital and goodwill. The stock market is not supposed to be a big, free-wheeling casino. That's what it's become because of regulation failure.
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Obama was talking about individuals...not corporations....on how much money is enough. Again, what does he mean when he said "fairly earned?"
 
sallylou said:
Even if we don't individually invest, the people who control our pension funds, 401ks and college investment funds do. We are all indirectly effected.

There's a concept of keeping adequate capital in a corporation. Those businesses who failed to retain adequate capital are failing now (usually because of quick over-expansion). The value of stock is SUPPOSED correlate to the real value of a corporation, including things like retained capital and goodwill. The stock market is not supposed to be a big, free-wheeling casino. That's what it's become because of regulation failure.
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And when regulation fails, we all lose trust in Wall street. If people lose trust, company and other insituations will have a hard time selling their services to employers and parents etc since they will have lost a sense of trust.
 
In my opinion, a lot of what has led to the outsourcing of jobs is CEOs that make salaries equal to several hundred of their employees. It is pretty difficult to stop, considering they vote for increases for themselves. When the stockholders complain, instead of keeping their salaries at a more reasonable level, they just move more of the work to China.

Now, why is it bad for Obama to make $5.5 million, but great for a retired governor from Alaska to make much more? Consider, whether or not you like the guy, he is working an awful lot of hours. She is flying to malls to self promote. And not even going to consider what the guru of right wing radio makes. He spends a few hours a day with a microphone.

Again with the complaints about what Liberals earn, but crowing about Conservatives making huge salaries as authors and talk show hosts. Your bias shows, as always. It never ends...
 
If a person earns monetary and material wealth legally and ethically, then no one has the right to judge or complain.

Besides, if Obama's statement reflects a desire to reduce the overall number of wealthy people, that would be self defeating. He wants the wealthy to pay more taxes but if you have fewer wealthy tax payers, who will pay the increased taxes? :hmm:
 
If money is the only reason for your motivation in life, then I feel sorry for you.

I consider happiness to be something NOT reflected in our GDP. We're constantly making money, making money, making money but for whom and why?
 
Reba said:
If a person earns monetary and material wealth legally and ethically, then no one has the right to judge or complain.
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When money is your only motivation in life, can't you see that you're being controlled by forces that seem to escape your simplistic thought process?


It's not about earning the most money. It's about HAPPINESS, you fucking douchebags!
 
BradB08 said:
If money is the only reason for your motivation in life, then I feel sorry for you.

I consider happiness to be something NOT reflected in our GDP. We're constantly making money, making money, making money but for whom and why?
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GDP or Gross domestic product have three things: consumption by consumers, investment by business, and spending by government. That would be consumption, investment, spending by government. How is happiness not reflected in our GDP??
 
BradB08 said:
When money is your only motivation in life, can't you see that you're being controlled by forces that seem to escape your simplistic thought process?


It's not about earning the most money. It's about HAPPINESS, you fucking douchebags!
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Who said that money is anyone's "only motivation in life?"

The President brought up the topic, and we are commenting on it.

I'm sorry that the HAPPINESS to which you allude seems to be eluding you. Having a bad day?
 
BradB08 said:
...We're constantly making money, making money, making money but for whom and why?
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To pay taxes to the government because the law requires it?
 
Let's turn this discussion on the flip side. Suppose someone is on welfare, is it ok for the government to tell them they have taken too much?
 
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