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        Discussion Would It Be Better for America if Corporations Paid Higher Taxes or Higher Wages?

#1 flyzwell Dec 04, 2012 04:14 PM

Would It Be Better for America if Corporations Paid Higher Taxes or Higher Wages?
 
http://www.businessinsider.com/profits-versus-wages

"Public policy experts sometimes glorify complexity, proposing intricate, interlocking systems aimed at a desired result. But such structures are only as strong as their weakest link, and a proposal too complex to fully understand is also too complex to fix. Our government has sought to ensure a decent living for American workers through an enormous array of income subsidies, public benefits, training programs, and educational loans; at this point, many of these components have accumulated powerful and parasitic side-beneficiaries while leaving the working class behind.

Since this vast and leaky conglomeration has failed at its intended goal, perhaps we should just try raising wages instead."

http://newamerica.net/publications/p...american_wages

#2 madsci_guy Dec 04, 2012 04:23 PM

Higher wages according to the workers worth, that way, the hard worker is compensated.

#3 BE77 Pilot Dec 04, 2012 04:33 PM

Who are the experts that have engineered the failing government we have now? Sure don't want them involved in any of our businesses. We need less government, not more government but no one seem to understand that. :(

#4 flyzwell Dec 04, 2012 05:00 PM

So I assume you think there should be no minimum wage? Maybe you're right I don't think China has, and their doing ok.

As wages go lower, profits go higher. Wealth over the years has been transferring to the top, which is good for them, but maybe not so good for America as a whole.

Higher wages put more money directly in pockets of more people than government programs do from higher taxes, and may be better for our country.

#5 Jon Shaw Dec 04, 2012 05:05 PM

I will gladly let my employees keep every penny of the reduction in taxes paid to the government. That would effectively be a pay raise and would stimulate the economy just fine.

#6 thunder1 Dec 04, 2012 05:07 PM

If companies would actually pay their employees more money, that would be better. I just read where the Hostess execs are getting bonuses... for leading their company into bankruptcy. :mad:

#7 RumRunner_1492 Dec 04, 2012 05:07 PM

It's an easy fix. Get rid of all income and payroll taxes on individuals and businesses. Have only a consumption tax.

#8 jumpinjo Dec 04, 2012 05:35 PM

Quote:

Originally Posted by BE77 Pilot (Post 23441330)
Who are the experts that have engineered the failing government we have now? Sure don't want them involved in any of our businesses. We need less government, not more government but no one seem to understand that. :(



I hear you on that one...;)

#9 flyzwell Dec 04, 2012 07:12 PM

Quote:

Originally Posted by thunder1 (Post 23441624)
If companies would actually pay their employees more money, that would be better. I just read where the Hostess execs are getting bonuses... for leading their company into bankruptcy. :mad:

Of course those Hostess guys must like pie, so naturally they're going to take a bigger piece of it.:)

#10 Indiana_Geoff Dec 04, 2012 07:17 PM

Higher wages mean higher prices. So what is the point?

#11 LVsoaring Dec 04, 2012 07:19 PM

Quote:

Originally Posted by thunder1 (Post 23441624)
If companies would actually pay their employees more money, that would be better. I just read where the Hostess execs are getting bonuses... for leading their company into bankruptcy. :mad:

While I don't necessarily agree that large bonuses are the right thing to do, before you go about berating execs for "leading their company into bankruptcy", perhaps you should also post the part the union played. There is blame all around.

#12 flyzwell Dec 04, 2012 07:50 PM

Quote:

Originally Posted by Indiana_Geoff (Post 23442721)
Higher wages mean higher prices. So what is the point?

Here's one theory. "If American companies were willing to trade off some of their current earnings growth to make investments in wage increases and hiring, American workers would have more money to spend. And as American workers spent more money, the economy would begin to grow more quickly again. And the growing economy would help the companies begin to grow more quickly again. And so on."

Higher taxes could mean higher prices too, but then there's that whole bureaucracy thing.

#13 RumRunner_1492 Dec 04, 2012 08:07 PM

Quote:

Originally Posted by thunder1 (Post 23441624)
If companies would actually pay their employees more money, that would be better. I just read where the Hostess execs are getting bonuses... for leading their company into bankruptcy. :mad:

That is actually retention pay to keep the key execs around while liquidating the company. It's a common and smart thing to do.

#14 RumRunner_1492 Dec 04, 2012 08:10 PM

Quote:

Originally Posted by flyzwell (Post 23442993)
Here's one theory. "If American companies were willing to trade off some of their current earnings growth to make investments in wage increases and hiring, American workers would have more money to spend. And as American workers spent more money, the economy would begin to grow more quickly again. And the growing economy would help the companies begin to grow more quickly again. And so on."

Higher taxes could mean higher prices too, but then there's that whole bureaucracy thing.

So eliminate corporate taxes so the companies can hire and invest more and capture more of the global market creating even more jobs. Not to mention all of the companies that would come here because we had no federal taxes. Our economy would be on fire and workers wages would increase.

#15 thunder1 Dec 04, 2012 08:12 PM

Quote:

Originally Posted by LVsoaring (Post 23442732)
While I don't necessarily agree that large bonuses are the right thing to do, before you go about berating execs for "leading their company into bankruptcy", perhaps you should also post the part the union played. There is blame all around.

You mean the part where they were being stiffed out of their agreed to benefits? Maybe they should promise the execs bonuses at the completion of the bankruptcy, and then stiff them, too? After all, that's what seems to pass for good business practice now.


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