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re: Libs: why do corporate profits anger you?
Posted on 5/3/17 at 11:35 am to The Spleen
Posted on 5/3/17 at 11:35 am to The Spleen
quote:
think it's ridiculous government has to even implement one, and it shows how greedy and scrupulous some corporations can be
Min wage has done more harm than low employer pay
0
Posted on 5/3/17 at 11:35 am to BigJim
quote:
So let me be clear- I am opposed to government mandated restructuring of executive pay.
That said, I don't completely buy some of justification of C-level play. I think there is too cozy a relationship between the CEO and the board. It's not ubiquitous, but its too common for me to be comfortable with.
Bad situation happen, but they are rarer than what people gripe about it make it out to be. The guy who does a stellar job, gets paid a nice salary and vests his options, and lives happily ever after doesn't make the headlines.
Those people also tend to ignore that average C suite tenure has gotten ridiculously short - right around 3 years - as C suite pay has relatively risen. The demands on return are much higher, the average tenure is much shorter, and people burn out much more quickly. Similar situation for football coaches, actually.
This post was edited on 5/3/17 at 11:37 am
Posted on 5/3/17 at 11:36 am to rocket31
quote:
that will not even cover food and rent bro.
I made it on that while in college so I was paying 3k a semester tuition as well. Rented a room for 400 a month. Ate sandwiches and hit noddles. Hit up local dinner specials about twice a month. Drove a POS single cab truck and didn't go on vacations. Zero help from parents. I actually miss that part of my life. Simple times.
Posted on 5/3/17 at 11:38 am to redfishfan
quote:
Rented a room for 400 a month
in 2017, cmon man
quote:
I actually miss that part of my life. Simple times.
minimalist lifestyle is vastly underrated, i agree
This post was edited on 5/3/17 at 11:39 am
Posted on 5/3/17 at 11:39 am to rocket31
quote:
in 2017, cmon man
Well this was 2010ish. You can find a 3 bedroom with roommates for 1000-1200 a month in 2017 prolly.
Posted on 5/3/17 at 11:41 am to redfishfan
i pay $500/mo for rent and about $100/mo in utility share
yes i have roommates
no i don't care b/c it's a 4-year old house full of luxury items. 3 BR 2.5 BA
yes i have roommates
no i don't care b/c it's a 4-year old house full of luxury items. 3 BR 2.5 BA
Posted on 5/3/17 at 11:44 am to Eli Goldfinger
quote:
They're already 'giving back' by simply providing jobs to people and taxes to the govt.
Let's not act like they are doing this for the good of the community. They are doing it for the money.
Posted on 5/3/17 at 11:45 am to boogiewoogie1978
quote:
Let's not act like they are doing this for the good of the community. They are doing it for the money.
That literally couldn't matter any less.
Posted on 5/3/17 at 11:47 am to boogiewoogie1978
Profits don't anger me. Corporations not paying taxes anger me.
Don't give me the corporate tax is too high BS. I think my taxes are too high but I still pay them. Why should they be able to get around that?
Don't give me the corporate tax is too high BS. I think my taxes are too high but I still pay them. Why should they be able to get around that?
Posted on 5/3/17 at 11:48 am to boogiewoogie1978
quote:
Why should they be able to get around that?
You can as well if you have a good CPA
Posted on 5/3/17 at 11:49 am to boogiewoogie1978
quote:
Profits don't anger me. Corporations not paying taxes anger me.
Don't give me the corporate tax is too high BS. I think my taxes are too high but I still pay them. Why should they be able to get around that?
Because they have a fiduciary duty to their shareholders to minimize their tax receipts as much as possible.
Next question:
Why is our corporate tax rate so high?
Posted on 5/3/17 at 11:49 am to boogiewoogie1978
quote:
Let's not act like they are doing this for the good of the community. They are doing it for the money.
Oh my gawd..!!!
Posted on 5/3/17 at 11:49 am to boogiewoogie1978
quote:
Don't give me the corporate tax is too high BS.
They are too high but too many loopholes. Get rid of the loopholes and lower the rate. Decrease regulation as well and we'll see a vibrant economy.
Posted on 5/3/17 at 11:50 am to NIH
quote:telecoms is the bread and butter of oligarchies across the globe, but it's more than that. publishing, television, radio, motion pictures, etc.
yep. see cable television and the phone companies.
but on first world level it annoys me. that's how I know the people boycotting o'reilly's advertisers weren't serious. Believe me, I've tried this...it's impossible unless you want to survive on bread and water and not drive anywhere
because not only do the same handful of companies dominate, they advertise on the same platforms as well 
Posted on 5/3/17 at 11:50 am to HeyHeyHogsAllTheWay
quote:
poverty everywhere we look
We got the fattest damn poor people in the world.
Posted on 5/3/17 at 11:51 am to Zach
quote:
We got the fattest damn poor people in the world.
Obesity does not equal being out of poverty. Actually the opposite since poor people usually buy cheap precooked foods that are unhealthy because it is cheaper than buying raw items and cooking your own meals.
Posted on 5/3/17 at 11:52 am to AbuTheMonkey
quote:
Because they have a fiduciary duty to their shareholders to minimize their tax receipts as much as possible.
So they don't have a responsibility to the country that provides the resources and infrastructure that makes them successful?
Posted on 5/3/17 at 11:53 am to HeyHeyHogsAllTheWay
quote:
Obesity does not equal being out of poverty. Actually the opposite since poor people usually buy cheap precooked foods that are unhealthy because it is cheaper than buying raw items and cooking your own meals.
Poor people don't pay for their food, the tax payers do. Our poor are fat because they make bad decisions. Those bad decisions are usually why they are also poor.
Posted on 5/3/17 at 11:54 am to boogiewoogie1978
quote:
So they don't have a responsibility to the country that provides the resources and infrastructure that makes them successful
What???
Posted on 5/3/17 at 11:54 am to boogiewoogie1978
quote:
So they don't have a responsibility to the country that provides the resources and infrastructure that makes them successful?
Do they not pay taxes?
And that commitment to "the country that provides the resources and infrastructure that makes them successful" is superseded by the commitment to their shareholders.
It is the way in which markets function best and general welfare improves. Unless you want to move to Venezuela.
This post was edited on 5/3/17 at 11:56 am
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