Discuss Detroit » Archives - Beginning July 2006 » Bill Ford-finally........ « Previous Next »
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Chucktown_motown
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Username: Chucktown_motown

Post Number: 10
Registered: 09-2006
Posted on Tuesday, October 10, 2006 - 9:54 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Finally he is gone....Bill Ford. As long as the Fords control anything example, THE LIONS! They will not be a winner. Ford needs this. I mean they got the guy from Boeing-I can't remember the dudes name I saw it on clickondetroit.com this morning. But I think if he can make waves at Boeing I think he can in the D too. Now if we can just get the Fords to give up control of the Lions and that idiiot M. MILLEN....what a stupid choice he was, Lions 0-5 again and they say they are building a winner....REHIRE FONTES....
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Rjk
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Username: Rjk

Post Number: 531
Registered: 11-2003
Posted on Tuesday, October 10, 2006 - 10:04 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Who are the Lions?

It sounds somewhat familiar, but it's just not registering with me.
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Bobj
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Username: Bobj

Post Number: 1184
Registered: 11-2003
Posted on Tuesday, October 10, 2006 - 10:45 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Aren't the Lions some sort of club that raises money for charitable causes??
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Lowell
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Username: Lowell

Post Number: 3079
Registered: 10-2003
Posted on Tuesday, October 10, 2006 - 11:37 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

The Lions are those ornamentations ripped off from Lee Plaza and recycled in yuppie housing in Chicago. Right? Talk about fabulous ruins of Detroit!

The Fords are starting to resemble the Stroh family where generations of golden-spoon offspring progressively bring down what the genius of their forebearers created.

IMO, one way to bring down the deficit and inject energy into the economy is greatly decrease the limit of how much money can be passed on by inheritance, forcing suceeding generations to have to work a little bit like the goose that laid their golden eggs.

How about a twenty million limit indexed for inflation? If you can't pull it together with that kind of start in life, what good are you?
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3rdworldcity
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Username: 3rdworldcity

Post Number: 305
Registered: 01-2005
Posted on Tuesday, October 10, 2006 - 11:55 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Lowell, with all due respect, the movement to increase inheritance taxes has persisted for years. IMO nothing would be worse for the economy and "working people" in particular than to increase them.

The rich people I know spend tons of money just to survive under the present system. I know a lot of rich people and I don't know any that have $20 million lying around to pass on to heirs. Wealthy people pay huge amounts for insurance to cover death taxes so the businesses that generated the fortunes don't have to be sold off to pay the taxes; when that happens it's usually the grave dancers, the vultures that buy the businees, restructure them, sell off pieces, and otherwise liquidate the businesses at a profit who benefit. It happens all all too frequently and the workers are usually the losers.
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Lilpup
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Username: Lilpup

Post Number: 1396
Registered: 06-2004
Posted on Tuesday, October 10, 2006 - 11:59 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I've asked this in other venues and have never gotten an answer so maybe someone here has thought about it ~

What is a moral justification for wealth? Don't all three Abrahamic religions preach against it and for taking care of others as one's brother?
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3rdworldcity
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Username: 3rdworldcity

Post Number: 306
Registered: 01-2005
Posted on Tuesday, October 10, 2006 - 12:15 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Who said there has to be "moral justification" for wealth"?

What do you mean by the term "moral justification"?

What do you mean by "wealth"? To someone in Africa who makes $1,000 a year, someone making $10,000 must appear "wealthy."

Is it "morally unjustifiable" for Warren Buffet to acquire over $40 billion dollars? Does it make a difference that he's giving it all away to benefit mankind?

What you appear to be espousing, Lilpup, is communism. We all know how viable a political/moral concept that is, don't we. Or, do we?

Maybe you've never gotten an answer to your question is because there isn't one. A rational one, that is.
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Steelworker
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Username: Steelworker

Post Number: 759
Registered: 02-2004
Posted on Tuesday, October 10, 2006 - 12:19 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

never been an example of communism. what they had was "STATE" capitalism.
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Lowell
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Username: Lowell

Post Number: 3081
Registered: 10-2003
Posted on Tuesday, October 10, 2006 - 12:28 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

3rdWC, the other side of that coin is that massive passing of intergenerational wealth creates, in many cases, an effete royalty whose inferior skills lead to the destruction of their companies and with results, as we see with the Fords, just as negative for their working employees, or should I say former employees.

Sure there will be difficulties in what I propose but why shouldn't the scions of the rich be forced to prove their worth in the real economy just like their employees, just like you and I have to?

To be able to pass along $20 million tax free is far more generous than current law and it they can't succeed with that kind of lift in life, what good are they to the economy and working people?

Lilpup, you are totally correct. Islam still obeys restrictions against charging interest - 'usury' as the Bible puts it. Then again, the Christian Bible teaches against war and for 'turning the other cheek' [as we have recently seen so dramatically in the Amish reaction to the school shootings]. The scriptures are more for picking, choosing and bending scripture to created justifications for one wants to do and believe rather than following it to the word. Otherwise we would all be Amish.
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Jams
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Username: Jams

Post Number: 3873
Registered: 10-2003
Posted on Tuesday, October 10, 2006 - 1:28 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Lilpup

Came across this site, a long article with a lot to digest, but might be a starting point for yor answers.

http://www.g-r-e-e-d.com/GREED .htm
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3rdworldcity
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Username: 3rdworldcity

Post Number: 307
Registered: 01-2005
Posted on Tuesday, October 10, 2006 - 2:34 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Lowell: Reasonable people may differ on the wisdom of increasing/decreasing the inheritance tax.

But re: Islam and interest, like most religions, Islam says one thing and does another, especially when it comes to charging interest. There are many mortgage companies specializing in making loans to Muslims, for compensation, which is disguised as something analogous to interest but termed something else. The largest shareholder of J.P. Morgan Chase is a Saudi sheik, a staunch Wahabiist and a Muslim fundamentalist, and a substantial portion of his return on his investment is generated by the bank's interest income.
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Zephyrprocess
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Username: Zephyrprocess

Post Number: 66
Registered: 08-2006
Posted on Tuesday, October 10, 2006 - 3:51 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

3WC: "The rich people I know spend tons of money just to survive under the present system."

I know; I lie awake nights worrying about them too...
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Gistok
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Username: Gistok

Post Number: 2921
Registered: 08-2004
Posted on Tuesday, October 10, 2006 - 4:07 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

OK, I haven't read today's paper yet... so unless Bill Ford has stepped down as Chairman of Ford... I hardly think he's gone.... he's just gotten someone else to swing the ax! But he's still in charge.
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Exmotowner
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Username: Exmotowner

Post Number: 40
Registered: 06-2005
Posted on Friday, October 13, 2006 - 8:47 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

If my memory serves me correctly, the four Ford Grandchildren each received $300,000,000 when Elenore Ford passed away. Which is of course an obscene amount. But, put your self in their shoes. Would you turn it down, or think you dont deserve it just because other people think its an obscene amount? I sure as hell wouldnt! LOL, I'd be like "poor people bite my ass" LOL. The rich are going to keep their money! and as one poor ass guy who envies the hell out of em, I dont blame them.
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Lilpup
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Username: Lilpup

Post Number: 1401
Registered: 06-2004
Posted on Friday, October 13, 2006 - 9:02 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

A lot of that wealth is probably company stock anyway.

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