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Dec 04, 2012, 04:14 PM
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flyzwell's Avatar
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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
Last edited by flyzwell; Dec 04, 2012 at 04:21 PM.
Dec 04, 2012, 04:23 PM
Figure Nine Champ
madsci_guy's Avatar
Higher wages according to the workers worth, that way, the hard worker is compensated.
Dec 04, 2012, 04:33 PM
GOOD BOY!
BE77 Pilot's Avatar
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.
Dec 04, 2012, 05:00 PM
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flyzwell's Avatar
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.
Dec 04, 2012, 05:05 PM
Registered User
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.
Dec 04, 2012, 05:07 PM
Registered User
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.
Dec 04, 2012, 05:07 PM
It's 5 O'clock Somewhere
RumRunner_1492's Avatar
It's an easy fix. Get rid of all income and payroll taxes on individuals and businesses. Have only a consumption tax.
Dec 04, 2012, 05:35 PM
Low, slow and dirty
Quote:
Originally Posted by BE77 Pilot View Post
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...
Dec 04, 2012, 07:12 PM
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flyzwell's Avatar
Quote:
Originally Posted by thunder1 View Post
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.
Of course those Hostess guys must like pie, so naturally they're going to take a bigger piece of it.
Dec 04, 2012, 07:17 PM
Random Pic #23982
Indiana_Geoff's Avatar
Higher wages mean higher prices. So what is the point?
Dec 04, 2012, 07:19 PM
It's gonna be YUGE!!!
LVsoaring's Avatar
Quote:
Originally Posted by thunder1 View Post
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.
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.
Dec 04, 2012, 07:50 PM
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flyzwell's Avatar
Quote:
Originally Posted by Indiana_Geoff View Post
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.
Dec 04, 2012, 08:07 PM
It's 5 O'clock Somewhere
RumRunner_1492's Avatar
Quote:
Originally Posted by thunder1 View Post
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.
That is actually retention pay to keep the key execs around while liquidating the company. It's a common and smart thing to do.
Dec 04, 2012, 08:10 PM
It's 5 O'clock Somewhere
RumRunner_1492's Avatar
Quote:
Originally Posted by flyzwell View Post
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.
Dec 04, 2012, 08:12 PM
Registered User
Quote:
Originally Posted by LVsoaring View Post
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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