Drudge Retort: The Other Side of the News
Thursday, December 14, 2017

[I]t's the holidays, the wealthy inhabitants of this world are buying more and more Ferraris. Bloomberg reports that Ferrari will up production next year since it's reaching its sales target of 9,000 vehicles annually an entire year early, according to people who asked not to be named. The sources said the issue isn't public, and a Ferrari spokesperson declined to comment to Bloomberg. According to the story, Ferrari also recently reached a major profit goal two years early and plans to double operating profit by 2022

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Why, now, would Ferrari sales be way above target? Because the numbers of millionaires and billionaires keep going up! And more money means supercars, of course.

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They will trickle down something to you soon. Meanwhile, you pay taxes so they don't have to. Surely those dollars will be thrown in your general direction. Maybe not all. Maybe not to you. Maybe not soon. Maybe never.

#1 | Posted by BruceBanner at 2017-12-12 11:30 PM | Reply

"They will trickle down something to you soon."

Only if you're able to do something that's going to create a demand signal for that trickle.

"Meanwhile, you pay taxes so they don't have to."

No...not really.

The guy buying the Ferrari is still paying his fair share...and likely yours as well.

#2 | Posted by madbomber at 2017-12-13 04:09 AM | Reply | Funny: 5 | Newsworthy 2

You may want to look around this country. Americans aren't the pieces of ---- you say they are.

#3 | Posted by BruceBanner at 2017-12-13 10:37 AM | Reply | Newsworthy 1

Surely those dollars will be thrown in your general direction.

Wouldn't it be nice if people would make their own money instead of waiting for someone to "throw" some in their general direction?

#4 | Posted by boaz at 2017-12-13 11:31 AM | Reply

BOAZ or Sniper? ...BOAZ or Sniper? The competition continues.

#5 | Posted by oldwhiskeysour at 2017-12-13 11:45 AM | Reply | Funny: 4 | Newsworthy 1

Wouldn't it be nice if people would make their own money instead of waiting for someone to "throw" some in their general direction?

#4 | POSTED BY BOAZ AT 2017-12-13 11:31 AM | REPLY | FLAG:

Then explain trickle down economics Boaz.

#6 | Posted by BruceBanner at 2017-12-13 12:29 PM | Reply

I've never witnessed people kicking the legs out of their own arguments as much as Republicans do.

#7 | Posted by BruceBanner at 2017-12-13 12:29 PM | Reply | Newsworthy 6

Then explain trickle down economics Boaz.

Rich man starts a business, hires 300 people.

Are you really that stupid?

#8 | Posted by boaz at 2017-12-13 12:48 PM | Reply | Funny: 2 | Newsworthy 1

What startup business hires 300?

Daft.

Even without tinkle down, when a person has a business they want to start, they usually do so.

I don't know of any businessman that says "I have this great idea that I can make a ton of money off of and revolutionize the world, but I don't want to pay taxes on the income." Ever.

Jeez you think with all the massive taxes that the US has today unemployment would not be 4.5% and corporations would not be making record profits.

#9 | Posted by 726 at 2017-12-13 01:39 PM | Reply | Newsworthy 8

"The guy buying the Ferrari is still paying his fair share...and likely yours as well."

Yeah, and that's why Donald Trump won't reveal his tax returns. You're actually much dumber than I thought.

#10 | Posted by danni at 2017-12-13 01:49 PM | Reply | Newsworthy 5

"reaching its sales target of 9,000 vehicles annually an entire year early"

Can any of you business savvy people explain this to stupid me. Trump U didn't cover this.

#11 | Posted by CrisisStills at 2017-12-13 02:48 PM | Reply

#3

That's funny, last time I checked, it was the Democrats that were calling Americans "deplorables", "stupid", etc.

#11

Ferraris are often pre-ordered.

#12 | Posted by Rightocenter at 2017-12-13 03:41 PM | Reply

Wouldn't it be nice if people would make their own money instead of waiting for someone to "throw" some in their general direction?

How do you suggest I "make my own money" that doesn't involve some other party throwing money at me?

It doesn't make sense.

Unless you mean actually producing counterfeit money. Every time I've "made" money it means someone else gave me money. Do you have a different way???

#13 | Posted by snoofy at 2017-12-13 03:56 PM | Reply | Newsworthy 2

FERRARI to Boost Production as Demand Jumps...

Very surprising to read that Ferrari would ever boost production because low-production and high performance are parts of their brand. Their cars are some of the few which have a chance to appreciate in value over the years if maintained and cared for correctly.

#14 | Posted by GOnoles92 at 2017-12-13 06:26 PM | Reply

Can any of you business savvy people explain this to stupid me. Trump U didn't cover this.

#11 | POSTED BY CRISISSTILLS AT 2017-12-13 02:48 PM | REPLY | FLAG:

They want to increase sales per year by a certain amount. They set a goal to sell 9000 per year by next year, but they sold that many this year.

When it's Ferraris you're selling, that's a lot of coin.

#15 | Posted by BruceBanner at 2017-12-13 06:49 PM | Reply

Only if you're able to do something that's going to create a demand signal for that trickle.

The image I want to post depicting Mad on his knees would surely get dumped.

Jesus you're such a sycophant.

What exactly has your average CEO done the last ten years to warrant the obscene compensations being given?

#16 | Posted by jpw at 2017-12-14 01:57 AM | Reply

Wouldn't it be nice if people would make their own money instead of waiting for someone to "throw" some in their general direction?

#4 | POSTED BY BOAZ

So you're admitting Reagan was full of ---- and the current GOP is just ------- his desiccated corpse?

#17 | Posted by jpw at 2017-12-14 01:59 AM | Reply

That's funny, last time I checked, it was the Democrats that were calling Americans "deplorables", "stupid", etc.

Not Americans.

Trump supporters.

#18 | Posted by jpw at 2017-12-14 02:01 AM | Reply | Newsworthy 1

Jeez you think with all the massive taxes that the US has today unemployment would not be 4.5% and corporations would not be making record profits.
#9 | POSTED BY 726

Pffttt. That's in the Obama Economy.

The Trump economy is going to win so much unemployment will be at -4.3%.

Or -6.9%, depending on how Trump is feeling that day or what Faux News told him that morning. Who knows.

#19 | Posted by jpw at 2017-12-14 02:04 AM | Reply

Very surprising to read that Ferrari would ever boost production because low-production and high performance are parts of their brand. Their cars are some of the few which have a chance to appreciate in value over the years if maintained and cared for correctly.

#14 | POSTED BY GONOLES92 AT 2017-12-13 06:26 PM | FLAG:

9000 cars is laughably low rate. Even 18,000 is stunningly low volume. Even Tesla managed 25,000 cars and they are in production hell.

#20 | Posted by sitzkrieg at 2017-12-14 07:01 AM | Reply

"The guy buying the Ferrari is still paying his fair share.

Not if he opens dividend checks for a living.

#21 | Posted by Danforth at 2017-12-14 07:53 AM | Reply | Newsworthy 1

Aren't dividends 15%? Are they not paying at all or do you just not consider the 15% a fair share?

#22 | Posted by sitzkrieg at 2017-12-14 08:31 AM | Reply

"Aren't dividends 15%?"

Yes. And self-employed labor is 40%.

"or do you just not consider the 15% a fair share?"

You tell me.

#23 | Posted by Danforth at 2017-12-14 09:48 AM | Reply | Newsworthy 2

The guy buying the Ferrari is still paying his fair share...and likely yours as well.

#2 | POSTED BY MADBOMBER

Only if you use ridiculously stupid math to define the fair share for the rich.

#24 | Posted by Sycophant at 2017-12-14 11:02 AM | Reply | Newsworthy 3

Only $3 Million for a 1500 horsepower Bugatti Chiron. I saw a guy on Youtube go from zero-240-to-zero in 40 seconds. That is unbelievable.

#25 | Posted by JeffJ at 2017-12-14 11:35 AM | Reply

The guy buying the Ferrari is still paying his fair share...and likely yours as well.

#2 | Posted by madbomber

Look when Warren Buffett comes out and says I pay a lower tax rate than my Secretary you know something's wrong. Looking at what is being purposed by the GOP for "Tax Reform" it would seem that it is going to be FAR lower going forward. They are busy closing the loopholes with that tax rate drop but just on middle class folks.

Then you start to go down some other roads...

Things like Inheritance taxes when implemented as intended are a good thing for the country as a whole. The way they are intended is you have to be pretty stinking rich for the estate to be paying them. They were meant to leave the wealthy's heirs still very wealthy but to curb the growth of that wealth so we don't end up with Oligarchs. They were implemented because of the Robber Barons and there are plenty of Robber Barons out there today.

Capital Gains? Tax them just like any other income. But they won't and that is where a lot of the very wealthy make most of their money.

#26 | Posted by GalaxiePete at 2017-12-14 12:30 PM | Reply

"What exactly has your average CEO done the last ten years to warrant the obscene compensations being given?"

Pretty much the exact same things that your average pro-athlete has done...only the average pro athlete makes far more than your average CEO.

#27 | Posted by madbomber at 2017-12-14 02:32 PM | Reply

"the average pro athlete makes far more than your average CEO."

Are you including every minor leaguer-regardless of gender--who get ANY paycheck?

"Pretty much the exact same things that your average pro-athlete has done"

Except the athlete must do the job in the public eye. Name 100 famous athletes. Pretty easy, right? A thousand would be doable.

Now name 100 CEOs.

#28 | Posted by Danforth at 2017-12-14 04:25 PM | Reply

Madbomber; where do you think these extraordinary people come from? What is your theory? And how does an a plutocracy promote the success of those capable of being great?

#29 | Posted by BruceBanner at 2017-12-14 04:32 PM | Reply

"Pretty much the exact same things that your average pro-athlete has done."

Which is what?

#30 | Posted by snoofy at 2017-12-14 04:34 PM | Reply

The ironic part is that madbomber is obviously unemployed.

#31 | Posted by BruceBanner at 2017-12-14 05:04 PM | Reply | Funny: 1

You tell me.

#23 | POSTED BY DANFORTH AT 2017-12-14 09:48 AM

That's easy. The IC is overpaying drastically. Cut them down to 15% too.

#32 | Posted by sitzkrieg at 2017-12-15 08:54 AM | Reply

"Madbomber; where do you think these extraordinary people come from? What is your theory?"

I guess I should start by asking how much experience you have been around leaders or managers charged with steering an organization with billions in assets and thousands of people?

#33 | Posted by madbomber at 2017-12-15 09:41 AM | Reply

"Which is what?"

Demonstrate the potential to perform in a way that adds value to firm in a way that others cannot. CEO's are professional athletes of the business world.

#34 | Posted by madbomber at 2017-12-15 09:43 AM | Reply

Madbomber; where do you think these extraordinary people come from? What is your theory? And how does an a plutocracy promote the success of those capable of being great?

#29 | POSTED BY BRUCEBANNER AT 2017-12-14 04:32 PM | FLAG:

My guess is, it involves bootstraps.

#35 | Posted by cbob at 2017-12-15 09:50 AM | Reply

"Are you including every minor leaguer-regardless of gender--who get ANY paycheck?"

So, the highest paid player in the NBA is Stephen Curry, who's 2017-2018 Salary is $34,382,550. The lowest paid player is $31,969. So the highest paid player is making well over a thousand times more the lowest paid player?

Funny I don't hear inequality being addressed in the NBA, despite the fact that the inequality there would seem to be as, if not more rampant, than in your average corporate target.

#36 | Posted by madbomber at 2017-12-15 09:57 AM | Reply

"The lowest paid player is $31,969"

Are the goalposts heavy when you have to move them that far, that fast?

You went from "pro athlete" to "NBA player".

That's going from "CEO" to Forbes 100 CEOs.

#37 | Posted by Danforth at 2017-12-15 12:12 PM | Reply

"That's easy. The IC is overpaying drastically. Cut them down to 15% too."

That doesn't work.

Of the 40.3% for ICs, 15.3% is payroll taxes alone; the other (15% or) 25% is income taxes, at that marginal rate.

Wage earners pay 22.65% or 32.65%, currently, when federal income and payroll taxes are combined. The boss kicks in the other 7.65%.

Folks who open dividend checks for a living pay 15%.

#38 | Posted by Danforth at 2017-12-15 12:18 PM | Reply

The guy buying the Ferrari is still paying his fair share...and likely yours as well.

#2 | Posted by madbomber

Wrong. The guy buying the ferrari is using his other money to bribe the government to cut his taxes and raise yours, so he can buy another ferrari while you lose your house.

And then suckers like you come along and lick his boots and root against your own best interests because you think that means you're gonna be let into the rich ------ club. But you won't.

#39 | Posted by SpeakSoftly at 2017-12-15 03:16 PM | Reply

Funny I don't hear inequality being addressed in the NBA, despite the fact that the inequality there would seem to be as, if not more rampant, than in your average corporate target.

#36 | Posted by madbomber

That's because the highest paid players aren't making the lowest paid players lose their homes, their healthcare, and their hopes for the future like the rich are doing to the middle class.

As long as everyone is comfortable, everyone is happy. But our plutocrats aren't happy with that. They want it ALL.

#40 | Posted by SpeakSoftly at 2017-12-15 03:18 PM | Reply

"Funny I don't hear inequality being addressed in the NBA, despite the fact that the inequality there would seem to be as, if not more rampant, than in your average corporate target."

nbpa.com
What We Do

The NBPA represents all NBA players in many ways, including:

Negotiating the terms of a collective bargaining agreement with the NBA, which governs all aspects of players' employment
Ensuring that the NBA and its teams meet their obligations under the CBA
Certifying, regulating and educating player agents
Providing a full range of services, benefits and assistance through the NBPA's Player Services department
Monitoring and negotiating the administration of retirement and insurance benefits
Providing on-staff security professionals to help with proprietary or sensitive matters
Assisting charity and community organizations
Promoting the positive image and reputation of NBA players, both on and off the court
Throughout the span of a player's career, there are a number of instances when the NBPA's services will prove necessary. Available to address player concerns seven days a week, 365 days a year, the NBPA is accessible to aggressively protect player rights and interests. Indeed, almost every player calls upon the NBPA at some point in his career to:

Obtain expert legal advice and/or representation in a dispute
Receive salary and pertinent information to assist in individual contract negotiations
File a grievance
Appeal a fine or suspension
Help resolve player/agent disputes
Protect medical benefits and other rights

#41 | Posted by snoofy at 2017-12-15 03:32 PM | Reply

I know a decent chunk of wealthy people. None of us passes up a good business opportunity because we can't afford it. In fact, it's kind of hard to figure out where to spend money anymore. I've been reduced to buying state tax credits. The extra money that the GOP is gift wrapping will go right into tax havens and tax shelters.

#42 | Posted by mOntecOre at 2017-12-15 07:33 PM | Reply

If all those stacks of cash are keeping you from parking the Bentley in the garage, send some to Uncle Sam. He knows how to dispose of it.

#43 | Posted by visitor_ at 2017-12-16 08:39 AM | Reply

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