AT&T Plans To Fire 7000 People Despite Tax Breaks, Net Neutrality Repeal

Discussion in 'Politics' started by skews13, Jan 12, 2019.

  1. skews13
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    skews13 Gold Member

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    Thus far, the corporations Ajit Pai and the Republican Party bent over backward to help haven’t exactly been returning the favor. GM plans to close plants and fire 14,000 people. Verizon has no plan to boost 5G investment, despite Pai’s claim that repealing net neutrality would lead to additional corporate network spending. Now AT&T is reportedly preparing to fire 7,000 people, despite having previously promised that tax breaks and freedom from burdensome regulation would actually create jobs.

    AT&T Plans to Fire 7,000 People Despite Tax Breaks, Net Neutrality Repeal - ExtremeTech
     
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  2. Rambunctious
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    Rambunctious Gold Member

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    Well AT&T sucks...but at least there are plenty of jobs for the terminated to apply for thanks to the Trump economy......no worries....
     
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  3. H B Lowrie
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    H B Lowrie Senior Member

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    Capitalism. Societal race to the bottom while chasing profit margin growth to infinity for the substantial people.
     
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  4. JGalt
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    JGalt Platinum Member

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    Too bad, so sad. But that's what happens when an economy comes up to the level of full employment and companies like GM, Verizon, and AT&T don't take advantage of it by expanding their operations.
     
  5. JGalt
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    JGalt Platinum Member

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    Spoken like a true Marxist, comrade.
     
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  6. H B Lowrie
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    H B Lowrie Senior Member

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    Watch. Takes endless war and plunder to prop up the charade now. Wealth redistribution is wealth redistribution.
     
  7. harmonica
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    harmonica Gold Member

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    so when people get fired/laid off it's the GOP's fault?
     
  8. JGalt
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    JGalt Platinum Member

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    I like endless wars. How else are we going to maintain world superiority in military technology and battlefield medicine?

    You still think we're fighting the North Vietnamese, right?
     
  9. H B Lowrie
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    H B Lowrie Senior Member

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    "We" are fighting the middle class and poor in america as empires always do as they unwind. And the only answer to any social problem at home will be, as you suggest, based upon violence. And you're right, the system will bring its superiority in military technology to bear upon the people. That's why your police have been militarized.
     
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  10. Dragonlady
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    Dragonlady Designing Woman

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    Not at all. Spoken like a true capitalist.

    The only thing that needs steady and sustained growth for those at the bottom to succeed, is a pyramid scheme. What happens to those at the bottom when they can't find any more suckers to buy in and keep the pyramid growing?

    What a business needs to do is to be profitable for its owners. To produce a good product that people want or need, and sell it at a fair price.

    This rampage of unsustainable growth is the "cowboy economy", and it has created a situation where the profits of all of the labourers in the world, is accruing to an ever small number of elites and oligarch's the world over.

    Richest 1% on target to own two-thirds of all wealth by 2030

    Around the world, the profits are flowing steadily to the top. US Corporations didn't use their tax cuts to give raises to their workers. They used the money to buy out minority stockholders, and increase the value of their issued shares, further concentrating the ownership of these mega corporations in the hands of fewer and fewer people.

    1% of the world's population owns half of its wealth. You think those people are making decisions to benefit you? Do you think that electing one of these people as President is to your benefit or to theirs?
     
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