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Thread: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

  1. #1
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    Default Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    Guess where the other 94% went.

    You mean corporations aren't using the bulk of their tax cuts to create jobs and boost workers’ wages like Trump promised? Weird..."


    https://www.commondreams.org/news/20...=socialnetwork

  2. #2
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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    And that's just one time while the tax cuts are perpetual.

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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    I don't have a reason for this: Target is raising their minimum wage to $12/hr this spring and to $15 in 2020. I am sure other businesses will follow.

    I am not sure how the minimum wage changed over the last 10 years. But I am sure that neither party has done much for a long time.
    Life is complex.

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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    Is anyone surprised? Mr Trump may occasionally pretend to be a populist by firing up the politics of resentment, although more rarely now that he's not campaigning, of course. However, it's been obvious that 'Lower Taxes for the Rich!' is the one bedrock principle of today's Republican party, and about the only thing on this earth or elsewhere that Paul Ryan believes in.
    "For a successful technology, reality must take precedence over public relations,
    for nature cannot be fooled."

    Richard Feynman

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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    Quote Originally Posted by Too Little Time View Post
    Target is raising their minimum wage to $12/hr this spring and to $15 in 2020.

    That is an ABOMINATION !
    If you are the smartest person in the room, you are in the wrong room.

  6. #6
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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    American corporations were already sitting on a mountain of cash before this tax giveaway, so I’m not surprised that the trickle down...simply isn’t.

    Jeff C

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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    Quote Originally Posted by Wet Feet View Post
    That is an ABOMINATION !
    There seems to be a significant number of people who are more than happy to work for that much.

    I would suggest that any "abomination" would be related to those making over $100K/year while making claims about how hard their economic life is.

    Or perhaps the "abomination" is that those whose representatives have not done anything are now blaming a political party for doing nothing. But I said that already.
    Life is complex.

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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    Quote Originally Posted by Wet Feet View Post
    That is an ABOMINATION !
    What is the Minumum Wage down there in upsidedownland? In the USA the Federal Minimum Wage is $7.25/ hour. Sure seems like an Abomination to me.

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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    Quote Originally Posted by StevenBauer View Post
    What is the Minumum Wage down there in upsidedownland? In the USA the Federal Minimum Wage is $7.25/ hour. Sure seems like an Abomination to me.
    My ex lost her job after 29 years, contract wasn't renewed. She is currently in training at new job at 7.25 an hour. That a ridiculously low wage for anyone to try to live on.
    Tom

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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    Quote Originally Posted by Tom Wilkinson View Post
    My ex lost her job after 29 years, contract wasn't renewed. She is currently in training at new job at 7.25 an hour. That a ridiculously low wage for anyone to try to live on.
    At least in the UK she would be entitled to a decent redundancy payment package.
    but in the land of the free, you are free to ignore that sort of thing.

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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    Quote Originally Posted by StevenBauer View Post
    What is the Minumum Wage down there in upsidedownland? In the USA the Federal Minimum Wage is $7.25/ hour. Sure seems like an Abomination to me.
    $ A 18.29 / $ 14.26 US hour
    If you are the smartest person in the room, you are in the wrong room.

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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    Quote Originally Posted by Tom Wilkinson View Post
    My ex lost her job after 29 years, contract wasn't renewed. She is currently in training at new job at 7.25 an hour. That a ridiculously low wage for anyone to try to live on.
    It is ridiculous, Tom, but even more so is the 'Tip wage' paid to waitstaff - $2.13 / HR, to be supplemented by the generous tips of the diners at the establishment.



    Rick
    Last edited by hawkeye54; 03-07-2018 at 01:17 PM. Reason: Wikipedia post indicated I was posting wrong wage

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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    Quote Originally Posted by hawkeye54 View Post
    It is ridiculous, Tom, but even more so is the 'Tip wage' paid to waitstaff - $2.13 / HR, to be supplemented by the generous tips of the diners at the establishment.



    Rick
    This works well enough as long as diners understand that what is really happening is they are paying the restaurant for the food and hiring the wait staff to serve it to them. However few diners appreciate this.
    There is no rational, logical, or physical description of how free will could exist. It therefore makes no sense to praise or condemn anyone on the grounds they are a free willed self that made one choice but could have chosen something else. There is no evidence that such a situation is possible in our Universe. Demonstrate otherwise and I will be thrilled.

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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    Quote Originally Posted by JimD View Post
    This works well enough as long as diners understand that what is really happening is they are paying the restaurant for the food and hiring the wait staff to serve it to them. However few diners appreciate this.
    User pays all. Always.
    If you are the smartest person in the room, you are in the wrong room.

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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    Quote Originally Posted by Wet Feet View Post
    User pays all. Always.
    Not if they decide not to tip. Then user pays some, and worker gets stiffed.
    Tom

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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    Quote Originally Posted by hawkeye54 View Post
    It is ridiculous, Tom, but even more so is the 'Tip wage' paid to waitstaff - $2.13 / HR, to be supplemented by the generous tips of the diners at the establishment.



    Rick
    I agree and I always pay at least 15%, usually 20 or more.
    Tom

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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    Quote Originally Posted by hawkeye54 View Post
    It is ridiculous, Tom, but even more so is the 'Tip wage' paid to waitstaff - $2.13 / HR, to be supplemented by the generous tips of the diners at the establishment.



    Rick
    Basically that means either the business owner is stealing from his staff, or that the business is, in practice, not viable. The model itself is not viable if a 'living wage' is required to be paid.
    A whole slew of franchise 'businesses' here are only viable because they game the wage system, or are subject to excessive internal regulation and profits.
    Of course that means that a properly viable business can be outcompeted by unfair and at least here, illegal means. Some 200 of these franchises in two chains are being closed, or bought back. The franchisor does not wish to go to jail.

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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    Quote Originally Posted by Too Little Time View Post
    I don't have a reason for this: Target is raising their minimum wage to $12/hr this spring and to $15 in 2020. I am sure other businesses will follow.

    I am not sure how the minimum wage changed over the last 10 years. But I am sure that neither party has done much for a long time.
    Minimum wage in Washington State is already $15.00. Of course, they're just a bunch of socialists there.

    Meanwhile if those low wage workers can just be patient they'ii get $15.00 an hour in two years.

    BTW, where do you buy your sunshine? My sources are plumb out.
    One of the most enduring qualities of an old wooden boat is the smell it imparts to your clothing.

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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    Quote Originally Posted by Lew Barrett View Post
    Minimum wage in Washington State is already $15.00. Of course, they're just a bunch of socialists there.

    Meanwhile if those low wage workers can just be patient they'ii get $15.00 an hour in two years.

    BTW, where do you buy your sunshine? My sources are plumb out.
    My comment was that some businesses are making better decisions than one time bonuses. But I never thought they were enough. Perhaps people living in other states should to Washington and get a raise upto your minimum wage.

    I don't think that treating people nicely is exclusive to socialists. But then I don't think Washington is socialist.

    I thought I was all doom and gloom. I seem to preach that rich people are taking advantage of the poor. And the poor should insist on more.

    I should point out that $15/hr is about $30K/year. I got a $45K/year raise last year. You really need to raise the minimum wage a lot faster for the poor to gain.
    Last edited by Too Little Time; 03-07-2018 at 04:25 PM.
    Life is complex.

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    Default Re: Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

    Quote Originally Posted by Tom Wilkinson View Post
    Not if they decide not to tip. Then user pays some, and worker gets stiffed.
    We don`t have that system.We just pay for the lot. No tipping , ( usually) .
    I always "round up" when i pay . Unless the meal or service was carp.

    You need to raise that appalling minimum rate.
    If you are the smartest person in the room, you are in the wrong room.

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