Comments by "Maxwell Benz" (@Tential1) on "CNBC"
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@naturegirl2110 OK, so if they squeeze companies for all they're worth and quit, how are companies profitable? How are they making record profits each year? These are literally opposing ideas. You're probably really good at nature. Don't get me wrong, put me in the wilderness with you, I'm dying. But when it comes to business, you clearly don't understand this. I get it, everyone says this idiocy, but maybe think about it for a second. If companies are being squeezed for all they're worth by the CEO, then why do rich people own 90% of the stock market, which is ownership of those companies? How can the CEO, rob people who own the company, who are also rich? Those many rich people would have one easy target to get rid of.... To be honest though, in my opinion, if people are just gonna blindly regurgitate things that have obvious logical fallacies, they deserve to lose the game of wealth.
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@dragoonzen the question posed was goals. Not asking how much 5 billion dollars is. Moving the goalpost to saying "wow, this company makes xyz billion dollars, that's a lot of money". Which, if we use that argument, where do we end. 1 million is too much even (but then, no one would invest, your 401k would have nothing to invest in since no one makes profits, and you'd have no way to save for retirement. Yay.) Speaking about the 5 billion dollars of profit, it doesn't just go to the company, it goes to shareholders who are numerous.... It goes to 401k holders. Etc. It's not some random number some person is stealing. It's going literally to the American people. I'm not sure you understand where profits go.... They either get paid to Americans as dividends which they see in their 401ks and other investment structures or, it's spent, as capital expenditure. It's not sitting in a vault, and if it is, it's still funding someone else's stuff(since unh sits on cash to pay insurance claims and because really, insurance companies are actually bond investment portfolios).
And considering the business I work in, I know intimately how much 5 billion dollars is....
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@jakeroper1096 the reason corporations are taxed is they use the infrastructure differently and that should be accounted for. This is theoretical of course. In practice, we do it because people don't think it's fair, but as you stated, it's a double tax. The company pays the tax, then, you make me pay a tax, again, to receive the money. Wtf.... It's why I like growth companies. Less chance of tax. If taxes were used in the academic way you stated, no problem, who cares, but it's in reality, a way for the masses to claw money they haven't earned. To the point where a person who doesn't work at all, while able to work, is now considered deserving of the same as a person who does work. A social safety net is needed, but this is far beyond that.
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Ceos are being fired for not hitting high rates. Not because they don't have some magical "sustainable growth". Really, this is why Americans deserve to be poor. You don't know anything about corporations, despite all the info being public. How do you play when you refuse to learn? The companies attracting the most attention have the most insane growth rates. "sustainable balancesheet" is buzz words. The same companies are getting the most attention, because they're dominant. Amazon(20-25% top line) , Microsoft(18%+ net income) , Apple(worst of the group, 9% net income), Tesla(30% top line), Nvidia(30% net income growth, this one is straight bonkers), Facebook(18% ish net income, same as Google) and Google. All of those growth rates are straight stupid. That's why we call them the magnificent 7. If any of these companies added more debt they would just get more investment because you don't understand the math of how any of this works. Investors want these companies to add more debt. You have no idea how much debt we use. We aren't afraid of debt. We love debt. Because we don't like dollars. You don't understand the game we're playing.
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@michaelhuang0417 Well, I follow the financial closely, and they COULD have gotten a pay raise, I actually don't care if they had. The problem was, that was on Past PROFITS. The future transition to EVs , now the money isn't there. This is why unions are stupid. If they weren't unionized, they could have asked for a pay rise right away. Instead, they want a pay rise, right as profits are about to turn down, as EVs aren't profitable for Big3 to produce, but the EU and America are mandating they do it. Ford breaks out their EV losses, and they are losing billions, and they don't even produce 100k evs a year yet lol. This payrise is Easy to do. Pay them in stock. The problem is, the workers don't want to be paid in stock, because they know full well they are destroying the value of the company, and the stock value won't go up, just like it hasn't for a long time now. Tesla does pay in stock, and people accept that, because Tesla stock goes up.
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If you feel that way, you feel like companies are being robbed, and that companies in America are currently victims, and not insanely profitable. This is what I hate so much about ignorant Americans. You can't even be consistent. You think the company is being plundered, and think the company is making record profits. Which is it? They're literally opposite opinions. Even more stupid, rich people own the stock of the company, so you're suggesting that CEOs are robbing rich people, and getting away with it. You literally don't understand the hierarchy of America. Ceos are not the rich... They work for the rich. Just because Elon Musk is a rich CEO doesn't mean that the average CEO is wealthy, relative to actual rich people(Jesus my numbers are distorted now). It's insane, the info is literally public, and Americans still don't know where rich people keep their money. I've seen people play games poorly, but this really is beyond mind boggling.
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@Equinoxx_aut Try and get people to buy/be paid in stock, and most people want cash. But then, they see a person do well on stocks, and cry that it's not fair. If you want to be rich like the rich people, maybe hold the source of their wealth? It's the most wild thing. Elon Musk, Jeff Bezos, Rob Arnault (Louis Vuitton Owner), Mark Zuckerburg, are the richest people on earth. And I assume, they want to stay rich. So maybe... Just maybe.... If I buy the thing they keep ALL OF THEIR MONEY IN , my wealth grows with them? It's the most basic way to play a game, mirroring, and yet, the average person can't even do that. We really are a stupid species .
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The other companies are new. This was done a long time ago. It's a past relic. It's arguably not helpful either. The workers could have asked for wage increases a long time ago if they didn't have to wait for contract renewals. They could have asked RIGHT when profits went up. However, they had to wait til this contract renewal, and now, they want pay rises, right when the profits are disappearing, as the companies are forced to make EVs, and they can't make them profitably. I mean, Ford earnings reports are hilarious. They always revise their forecasts for worse losses.
It's similar with Hollywood, although Hollywood signed the deal (But the deal let's them do fewer workers for shorter shows, and well, I don't know if these Hollywood writers pay attention to the freaking investor reports, but Netflix and us investors said we are ONLY paying 19B a year for TV shows/Movies. No more. So if they want 40% pay rises, no problem. We are gonna make less content. Like bruh, it's our company, we put our money up, if you want to run the company, you go buy the shares and pray you don't lose your money. Until then, we choose). But Hollywood was making record profits, now, they are literally losing money, and they signed this union deal. So sure, you can demand more pay and get the deal, but if we aren't making money lol, we're gonna make changes. Disney, Warner, Paramount, etc. no one is making money, it's kinda hilarious. Except Netflix. They finally became cash positive by a billion (Spend 19B on content, 3-5B on management/other costs, to barely make 1 billion dollars profit, you want to invest your money and risk it? Please, join us).
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