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hfojvt

(37,573 posts)
81. because I am sure that is not true
Sun Aug 10, 2014, 03:25 AM
Aug 2014

Take General Dynamics, which I just looked up
annual reports here http://investorrelations.gd.com/phoenix.zhtml?c=85778&p=irol-reportsannual

For 2013 they report $31.2 billion in revenue and only 11.8% of that is earnings. The other almost 90% is going to expenses, payroll and supplies (and so on). They even set aside over $1 billion to pay taxes (although how much was actually paid is seemingly not known as it is in the report as "provision" for income taxes.

They only paid out 34% of their net earnings in dividends. Which would be $850 million, the other $1.7 billion staying with the company. Which, even if all of that is hoarded is no more than 8% of revenue.

And while rich people are like me, in that they do not spend all that they make (gasp), they don't hoard all that they make either.

And a good portion of war machine spending doesn't even goto contractors, it goes to soldiers. At least 25% if the DOD budget, with another equaivalent amount going to veterans. (I am surprised it isn't higher, but don't want to do more digging, but notice it does not include civilian employees of DOD, apparently)

Well, gee! Doncha know the war profiteers must have their money first! I mean, they MATTER! CaliforniaPeggy Aug 2014 #1
The arrogance and gall are astonishing. I'll join you... Mnemosyne Aug 2014 #4
kick and rec nt steve2470 Aug 2014 #2
K&R jwirr Aug 2014 #3
There might be less poor people in the world if we stopped destroying their countries nt newfie11 Aug 2014 #5
But if we fed them, they would just be poor next year! n2doc Aug 2014 #6
One plane, the F35 has wasted enough money to pay for universal health care for the entire Fred Sanders Aug 2014 #7
Based on what mathematics? Indydem Aug 2014 #39
Based on hyperbole.....calm down. Fred Sanders Aug 2014 #42
If you add that to what we are already paying in health care costs.... daleanime Aug 2014 #45
And that's based on what mathematics? BobbyBoring Aug 2014 #69
We need the plane, without it billionaires cant get richer... randys1 Aug 2014 #77
We Can't Afford NOT to Leith Aug 2014 #8
Your question haunts me daily... ReRe Aug 2014 #17
War is a splendidly, spectacularly profitable racket for the 1%. hifiguy Aug 2014 #58
Well... ReRe Aug 2014 #60
Sorry... hifiguy Aug 2014 #61
K&R nt Zorra Aug 2014 #9
K&R abelenkpe Aug 2014 #10
You can BET someone has done the math to figure out how to KILL all the poor people of the earth. Spitfire of ATJ Aug 2014 #11
Not all of the poor people obxhead Aug 2014 #15
It is the Anointed One that want all of the poor to give everything they have to his Dominion DhhD Aug 2014 #16
Someone posted a video a while back from Texas.... Spitfire of ATJ Aug 2014 #35
That'd be Jello Biafra of the Dead Kennedys KamaAina Aug 2014 #73
"EEE-ficiency and PRO-gress is ours once more, now that we have the NEU-tron bomb!" nomorenomore08 Aug 2014 #82
It helps that most of them are Brown, killing Brown people is something we do real good randys1 Aug 2014 #78
We need another "Mr. Conductor". Spitfire of ATJ Aug 2014 #79
What we can't afford any more is the collective global 1% (really 0.01%)... Moostache Aug 2014 #12
+1 Scuba Aug 2014 #19
Don't forget the fossil fuel industries killing all of us to squeeze every drop of oil and lump of Dustlawyer Aug 2014 #25
+1 daleanime Aug 2014 #47
k and r for this amazingly simple concept and fact. niyad Aug 2014 #13
Yes, it's an amazingly simple concept. delete_bush Aug 2014 #34
K&R for truth. nt TBF Aug 2014 #14
"Where There's Smoke, There's Work!" ~ George Leroy Tirebiter Hubert Flottz Aug 2014 #18
We Can Only Afford to Kill Everyone mckara Aug 2014 #20
K&R ReRe Aug 2014 #21
That approximation seems suspect brachism Aug 2014 #22
If your assumption is that the money would be given directly to the poor, then .... Scuba Aug 2014 #24
Give it to the world's poor; as wages. Half-Century Man Aug 2014 #29
NO amount of money spent has ZERO return hfojvt Aug 2014 #43
zero return for everyone "expect".... daleanime Aug 2014 #48
Wow. You managed to stuff some words in his mouth joeglow3 Aug 2014 #54
Gee, your right... daleanime Aug 2014 #59
I may have mentioned in my post hfojvt Aug 2014 #66
Still was mentioned..... daleanime Aug 2014 #67
I think they pointed out the flaw in someones reasoning joeglow3 Aug 2014 #68
You've conveniently omitted the fact that ... Scuba Aug 2014 #80
because I am sure that is not true hfojvt Aug 2014 #81
If there are 1 billion poor people... BlueCheese Aug 2014 #32
I give up. The Human Race is so fucked up. Sorry but that's the truth! YOHABLO Aug 2014 #23
Right there with you. abelenkpe Aug 2014 #31
Agreed 100%. Amonester Aug 2014 #33
End the war spending - perfect. No argument here! demwing Aug 2014 #26
I don't think the numbers are correct. But I agree wholeheartedly with the Dark n Stormy Knight Aug 2014 #74
I agree with the sentiment of the first statement, but the second... LittleBlue Aug 2014 #27
Your right, it does seem low.... daleanime Aug 2014 #50
It's all in what you mean by "take care of". Ken Burch Aug 2014 #28
Where does that 135 Billion come from? Is that for a year, etc? nt Logical Aug 2014 #30
Kicked and recommended! Enthusiast Aug 2014 #36
But killing poverty would kill the war machine, and the very richest people valerief Aug 2014 #37
Wow, the US alone spent $82 billion on food stamps last year, hughee99 Aug 2014 #38
Why is math so HARD?!! Indydem Aug 2014 #40
we have a winner. blackspade Aug 2014 #41
Those poor people aren't job creators... jeesh JCMach1 Aug 2014 #44
we can't afford the rich not paying their fair share. pansypoo53219 Aug 2014 #46
K and R geardaddy Aug 2014 #49
Find a way to make caring for the poor profitable and making bombs unprofitable liberal N proud Aug 2014 #51
It would be already a huge improvement, sadoldgirl Aug 2014 #52
How does $200 per person "totally eradicate poverty?" malthaussen Aug 2014 #53
Too bad so many DUers have missed the point, that we cherish blowing stuff up more than feeding drynberg Aug 2014 #55
If we would stop spending it on wars demigoddess Aug 2014 #56
When the entirety of mankind shares in your love of peace Indydem Aug 2014 #63
Maybe, but where is the profit in that? hifiguy Aug 2014 #57
BOOTSTRAPS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! steve2470 Aug 2014 #62
Too mind boggling for words world wide wally Aug 2014 #64
We have to choose between: eradicate poverty or have a tiny cabal richer than kings Taitertots Aug 2014 #65
Report: 27% of Americans think poor are lazy steve2470 Aug 2014 #70
It's because people don't think logically much of the time. It's true Dark n Stormy Knight Aug 2014 #75
agreed ! nt steve2470 Aug 2014 #76
The point is to lift them up out of poverty KamaAina Aug 2014 #71
Is that 135B per year? Boom Sound 416 Aug 2014 #72
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