Income up 35%, make 8.9 billion in 6 months, cut 25,000 jobs!

Werd!


But be that as it may. I'm happy for the people who own HSBC stock. Apparently their company doesn't NEED those jobs. They cut COSTS and still maintain their service. SounRAB like they woke up and are cutting WASTE.
 
Do you grasp the fact that even if the company overall made a profit they more than likely have divisions that are losing money?

Do you understand how businesses operate in the least bit?

Just because the overall business is making money doesn't mean everything is, and with that they will get rid of profit losing ventures.

Now, don't let your blind hatred of business get in the way of facts and real life.
 
you're wrong because you are taking the naive approach that special interests don't give individual corporations, entities, or groups special privilege.

if you want to stand on " lol, they didn't give it to them, they made it" that's fine, but you are really missing the forest from the trees.

that's just less money they have to set aside for overhead.
 
Look dude, you an I generally agree, you're just a little misguided because you took the elite's propaganda seriously.

People working for a multinational bank (Chinese owned bank) getting laid off is not the people you want to cry about here
 
The gift is the disruption of competition in the market... When the government offers subsidies or tax advantages to a particular firm, or classification of firms, then it disrupts competition and we are all worse off for it. If the law lays out an unfair playing field, looking at the company getting the breaks and saying "see the government is finally doing something right," while the rest of the industry, or competitive industries get nothing, truly is "missing the forest for the trees" as stated previously. Because you arent really applauding a more just and less invasive tax system, you are applauding a more unjust and more invasive tax system. Government manipulation and intervention in markets must be judge by more than the tax rate, but also by how those tax rates, subsidies and incentives are applied throughout the industry.
 
HanRAB up everybody who is in favor of giving the government more power over every aspect of people's lives and businesses AND loves to whine about lobbyists and special interests which are the natural result of this sort of thing
 
Of course I know what it is. The bosses there are doing exactly what they are paid to do. I don't begrudge them making their money.

What I simply can't fathom is how so many average, working people could evenly remotely support a system where this type of corporate behavior is not only encouraged, it is and rewarded through OUR government tax code. The government WE elect.

In my eyes, anyone who supports things like a lower tax rate for the rich and keeping open loopholes that allow rich people and profitable companies to pay less in taxes is basically saying that they, as working individuals prefer to shoulder a higher tax burden to support this fucked up system.

Do you work and pay taxes? If so, do you realize that you paid more in taxes last year than GE? Do you realize that it is very likely that you paid a much higher rate in taxes than Warren Buffett?

Are you actually cool with that? Do you still believe in the fallacy that giving a very small population an enormous piece of the pie will make the pie bigger for everyone else?
 
the difference there is that's the free market at work, not the work of paid lobbyists who can disguise corporate welfare by making it sound much more benign than it is to the electorate.
 
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