Why do you believe that the rich deserve 90% +

[Dragonlady]

Many of those businesses only exist because of minimum wage laws. Many are closing up or laying off workers in California's due to the new $20/hr. minimum wage law.

It's foolish for people to think a job meant to be part time should provide a living for a family. Many of those fast food franchises can't raise their prices to cover the new wages either, their customers won't pay it.

One group of employees begged the owner to return their pay to the previous level so they could keep their jobs. Sadly, the law wouldn't allow it, he closed the business, and all lost their jobs.

I worked for a Sentry Foods franchise as a meat cutter once. The owner confided that I and the other meat cutters often made more money than he did as the store owner. The grocery clerk's union came in and 'organized' the grocery workers, they went on strike for high pay and more benefits. The owner held out as long as he could but finally relented and signed the union agreement. Six months later he closed the store leaving dozens of full and part time employee without a job. It was a wonderful neighborhood supermarket and was never reopened.

I worked there for five years and didn't observe any large turnover of full or parttime workers. All seemed very satisfied, until the union showed up and 'educated' them about how they were getting screwed by the owner. When the union effectively closed the store, they were really screwed.

Sometimes you have to believe the owners when they say they can't afford to pay their employees more.

The owners can't afford to pay the workers because Head Office syphons off all of their profits. The so-called "owners" aren't making any money either.

During the term of the franchise, fees paid to McDonald’s for each restaurant, include:

Royalty: 4%-5% of monthly gross sales

Rent: a monthly base rent and/or percentage rent that is a percentage of monthly gross sales.

License Fee: a one time fee of $45,000 is paid for 20-year term.

During the term of the franchise, fees paid to McDonald’s for each restaurant, include:

The Financials

www.mcdonalds.com

Note the "include" in the first line of the material quoted. These aren't ALL of the fees charged. There's also an "advertizing fee" of 4% of gross sales. Additionally, all of your food and supplies are purchased through Head Office, for "bulk purchase savings". That includes napkins, tray liners, take out bags, cups, straws - anything with a logo on it.

And last but not least, if Head Office decides your store looks shabby, they can order you "update" it, and of course, the new tables, seating, and store decor has to match branding and is only available through Head Office.

When McDonald's first came to Canada, you could buy a store for $250,000 and make your money back within 2 years. Now, the franchise agreement is set up that the "owners" make nothing. It all goes to Head Office to pay the shareholders and that guy they pay $20,000,000 per year to make McDonald's one of the most profitable companies in America.

 

[Dragonlady]

How much lower would government spending be on those "welfare payments" if these unskilled workers with little experience weren't working at these jobs?

Given that EVERYWHERE you look in the USA these days, Employers are begging for low skill workers, these people are in very high demand right now. You have 11 million job openings, but why work for $7.25 an hour? $210 for a 40 hour week.

Imagine how much lower your taxes would be if you didn't have to supplement the incomes of low skill workers. In 2012, when Walmart was the second most profitable company in American, it was said that every American taxpayer contributed $2500 to Walmart's bottom line through earned income credits, Medicaid, and food stamps.

Walmart could have given all of their employees $100 a week raise, and still been one of the MOST profitable companies in the USA, just not the second most profitable.

Funny how the same companies who can't afford to pay their American workers a living wage, like McDonalds and Walmart, can afford to pay their Canadian workers $17 per hour minimum wage, and higher corporate taxes, and still manage to be the most profitable companies in Canada.

Wash, rinse and repeat for the European Union, Great Britain, or any other nation in the world where American companies are doing business.

Why do American taxpayers have to subsidize these corporations when they're able to pay their workers a living wage in every other country in the world where they do business - and higher corporate taxes too. How gullible and stupid are you to continue to subsidize the richest people in America????

 

[Toddsterpatriot]

Given that EVERYWHERE you look in the USA these days, Employers are begging for low skill workers, these people are in very high demand right now. You have 11 million job openings, but why work for $7.25 an hour? $210 for a 40 hour week.

Imagine how much lower your taxes would be if you didn't have to supplement the incomes of low skill workers. In 2012, when Walmart was the second most profitable company in American, it was said that every American taxpayer contributed $2500 to Walmart's bottom line through earned income credits, Medicaid, and food stamps.

Walmart could have given all of their employees $100 a week raise, and still been one of the MOST profitable companies in the USA, just not the second most profitable.

Funny how the same companies who can't afford to pay their American workers a living wage, like McDonalds and Walmart, can afford to pay their Canadian workers $17 per hour minimum wage, and higher corporate taxes, and still manage to be the most profitable companies in Canada.

Wash, rinse and repeat for the European Union, Great Britain, or any other nation in the world where American companies are doing business.

Why do American taxpayers have to subsidize these corporations when they're able to pay their workers a living wage in every other country in the world where they do business - and higher corporate taxes too. How gullible and stupid are you to continue to subsidize the richest people in America????

Imagine how much lower your taxes would be if you didn't have to supplement the incomes of low skill workers.

Imagine how much higher my taxes would be if the low skill workers didn't work at WalMart.

In 2012, when Walmart was the second most profitable company in American, it was said that every American taxpayer contributed $2500 to Walmart's bottom line through earned income credits, Medicaid, and food stamps.

Idiots might have said that. How much is $2500 from every single taxpayer?
If you're able to do basic math, I'm not hopeful, you'd see how idiotic that claim is.

Walmart could have given all of their employees $100 a week raise, and still been one of the MOST profitable companies in the USA, just not the second most profitable.

Cool story. What is WalMart's profit per employee?

 

[marvin martian]

Why do you republicans believe that the rich deserve 90% + the wealth, huge tax breaks for anyone making more then one million per year and everyone else should just go fuck themselves? I am serious, why do you believe these people should be able to mistreat their workers, unregulate industiries to mistreat their workers, child labor and to pollute to their hearts intent. Your party is now literally allowing companies to work their workers to death in high heat, decreasing the age bringing back child labor and fighting like hell not to pay the workers right. You seem to enjoy the fact that the ceo makes 1,000 times more then his workers?

Why do you push a form of religion that forces these same little people to live a certain way when they're not breaking their backs for their betters? You must enjoy torturing the hell out of your follow man....Why do you think going back to the 18th century is even a good idea? It isn't but you seem to be utterly stone aged in your mindset.

DemoKKKrats have passed more tax cuts for the rich than Republicans.

Do some research, you're getting duped. Probably because they know you're dumb enough to fall for it.

 

[j-mac]

I retired 8 years ago. I worked for Bay Street Lawyers. Highest salaries in Canada, plus spring and fall bonuses. Lunch servery for professional staff. Overtime paid for any workday exceeding 7 1/2 hours, cab rides home after 9:00 p.m. Cadillac supplemental health care package. Matching payments on RRSP (Canadian 401K's), contributions. Building concierge with cheap sports and theatre tickets, health club membership. Nobody ever quit that place.

Uh huh….and we’re all millionaires in here….

 

[LAUGHatLEFTISTS]

The US citizen helps to pay for corporate freebies through a trillion in tax write offs and tax deception methods.

Please explain in detail how I pay for a billionaires write offs.

 

[LAUGHatLEFTISTS]

I commend Bezos, Gates, et al, for starting small and building something big. No one hates productive people who contribute to society. The problem begins when they acquire the kind of wealth common to small nations and start abusing their power.

But the problem is, the internet allows for the cornering the market if you get in and move quickly into a new area. once these guys got a monopoly, or something very close to it, they started abusing their power, and that's where they violate antitrust laws, and should be held accountable. It's easy for these guys, given the laws, to avoid paying taxes, and on that point, I agree the OP. The OP isn't articulated very well, which could have been written better, and substantiation would be very easy. All of these guys have been subject to congressional scrutiny, etc., etc., etc., regarding these issues.

The fact of the matter is that the upper 50% own 97% of the nation's wealth (proof provided on request, the Fed Reserve wealth distribution tables) and given that fact, they should pay, a progressive tax that rises to 97% of the nation's tax burden. Currently, they pay less than that. The lower 50% own 3% of the nation's wealth but pay more than that percentage in taxes. For poor whom many claim to not pay taxes, not true. For those who cannot hedge, the poor, they pay it in inflation. Inflation is a transfer of wealth from those who cannot hedge (the poor) to those who can hedge (the rich). If you don't grasp this, I will detail it more, but it's a fact. Wealth isn't created out of thin air, though it might seem like it, someone pays the piper somewhere, at some point. The ultimate source of wealth is labor. And the less you work for it, the more others do, for you. If you inherit wealth, that means many others donated their labor for your benefit. That's what it actually means, and if economists started treating money as labor, instead of some bullshit abstraction, we'd come up with better monetary policy.

Please explain how somebody donated labor when they got paid for their labor.

 

[mikegriffith1]

Why do you republicans believe that the rich deserve 90% + the wealth, huge tax breaks for anyone making more then one million per year and everyone else should just go fuck themselves? I am serious, why do you believe these people should be able to mistreat their workers, unregulate industiries to mistreat their workers, child labor and to pollute to their hearts intent. Your party is now literally allowing companies to work their workers to death in high heat, decreasing the age bringing back child labor and fighting like hell not to pay the workers right. You seem to enjoy the fact that the ceo makes 1,000 times more then his workers?

Why do you push a form of religion that forces these same little people to live a certain way when they're not breaking their backs for their betters? You must enjoy torturing the hell out of your follow man....Why do you think going back to the 18th century is even a good idea? It isn't but you seem to be utterly stone aged in your mindset.

What planet do you live on? Where do you get this rubbish? Antifa? MSNBC? The Daily Kos? Democracy Now? How can you believe this stuff?

 

[Woodznutz]

Uh huh….and we’re all millionaires in here….

Millionaires are pretty common these days. I'm one and I'm a high school grad who does mostly unskilled work.

33 Incredible Millionaire Statistics [2023]: 8.8% Of US Adults Are Millionaires - Zippia

There are more millionaires in the U.S. than you may think, and chances are you even know one or two.

www.zippia.com

 

[Rumpole]

Please explain how somebody donated labor when they got paid for their labor.

If you earn money by assets accruing due to inflation, noting that those who cannot hedge pay for your gain given the weakened dollar means they can only purchase less. Their loss is a gain for those that can hedge. The ultimate result is a transfer of wealth from the poor to the rich.

 

[dblack]

If you earn money by assets accruing due to inflation, noting that those who cannot hedge pay for your gain given the weakened dollar means they can only purchase less. Their loss is a gain for those that can hedge. The ultimate result is a transfer of wealth from the poor to the rich.

"If you earn money by assets accruing due to inflation", then you haven't "earned" anything at all. Think about what you're saying.

Oh, wait. Nevermind.

 

[Papageorgio]

Why do you republicans believe that the rich deserve 90% + the wealth, huge tax breaks for anyone making more then one million per year and everyone else should just go fuck themselves? I am serious, why do you believe these people should be able to mistreat their workers, unregulate industiries to mistreat their workers, child labor and to pollute to their hearts intent. Your party is now literally allowing companies to work their workers to death in high heat, decreasing the age bringing back child labor and fighting like hell not to pay the workers right. You seem to enjoy the fact that the ceo makes 1,000 times more then his workers?

Why do you push a form of religion that forces these same little people to live a certain way when they're not breaking their backs for their betters? You must enjoy torturing the hell out of your follow man....Why do you think going back to the 18th century is even a good idea? It isn't but you seem to be utterly stone aged in your mindset.

So all rich people fuck everyone else. So you stereotype people, how bigoted and hateful you must be.

 

[Woodznutz]

If you earn money by assets accruing due to inflation, noting that those who cannot hedge pay for your gain given the weakened dollar means they can only purchase less. Their loss is a gain for those that can hedge. The ultimate result is a transfer of wealth from the poor to the rich.

This is more or less how economics have always worked. The bright side is that the poor today will be the middle class or even the rich tomorrow. Life is an economic escalator, you get on at the bottom, off at or near the top.

 

[Billiejeens]

Kids should learn how the real world of economics works from their teachers. Then they would have a fighting chance of succeeding financially. Why are they kept in the dark by the school system?

Successful middle class people generally don't vote Democrat.

 

[Woodznutz]

Successful middle-class people generally don't vote Democrat.

Highly paid government employees generally vote Democratic.

 

[Billiejeens]

Highly paid government employees generally vote Democratic.

Highly paid and any government employee.

Agreed

 

[my2¢]

I believe our tax system is grossly unfair to people whose income is earned through the old-fashioned way: they worked for it. They need to rid the term "taxable income" and simply tax net income without prejudice on how it came into possession.

 

[Soupnazi630]

Why do you republicans believe that the rich deserve 90% + the wealth, huge tax breaks for anyone making more then one million per year and everyone else should just go fuck themselves? I am serious, why do you believe these people should be able to mistreat their workers, unregulate industiries to mistreat their workers, child labor and to pollute to their hearts intent. Your party is now literally allowing companies to work their workers to death in high heat, decreasing the age bringing back child labor and fighting like hell not to pay the workers right. You seem to enjoy the fact that the ceo makes 1,000 times more then his workers?

Why do you push a form of religion that forces these same little people to live a certain way when they're not breaking their backs for their betters? You must enjoy torturing the hell out of your follow man....Why do you think going back to the 18th century is even a good idea? It isn't but you seem to be utterly stone aged in your mindset.

First of all it is not republicans.

Second the wealth owned by those wealthy people was created BY those self same people. It is the basic principle of property rights that you have the right to keep what you earned.

As usual you seem to be running under the false premise that wealth is a zero sum gain. It is not

There is NO pie of wealth that ther wealthy get a bigger chunk of while others get a smaller piece.

I am sure you can find anecdotes of employees getting miistreated bugt it is not the norm and they do have many ways of fixing thaty mistreatement without government.

There is no such deregulation as you claim, Nor is there any attempt to bring back chiuld labor and no one is being worked to death in the heat. An anecfdote of someone dying on the job is not evidence.

It is irrelevant how much a CEO makes because wealth inequality harms NO ONE

 

[22lcidw]

Given that EVERYWHERE you look in the USA these days, Employers are begging for low skill workers, these people are in very high demand right now. You have 11 million job openings, but why work for $7.25 an hour? $210 for a 40 hour week.

Imagine how much lower your taxes would be if you didn't have to supplement the incomes of low skill workers. In 2012, when Walmart was the second most profitable company in American, it was said that every American taxpayer contributed $2500 to Walmart's bottom line through earned income credits, Medicaid, and food stamps.

Walmart could have given all of their employees $100 a week raise, and still been one of the MOST profitable companies in the USA, just not the second most profitable.

Funny how the same companies who can't afford to pay their American workers a living wage, like McDonalds and Walmart, can afford to pay their Canadian workers $17 per hour minimum wage, and higher corporate taxes, and still manage to be the most profitable companies in Canada.

Wash, rinse and repeat for the European Union, Great Britain, or any other nation in the world where American companies are doing business.

Why do American taxpayers have to subsidize these corporations when they're able to pay their workers a living wage in every other country in the world where they do business - and higher corporate taxes too. How gullible and stupid are you to continue to subsidize the richest people in America????

Walmart became viable when we lost control of our currency with unions which is good becoming too greedy and corrupted and foreign nations started to build better quality products. Purchasing smaller vehicles when we forced to really compete proved that approximately a half century ago.

 

[Toddsterpatriot]

I believe our tax system is grossly unfair to people whose income is earned through the old-fashioned way: they worked for it. They need to rid the term "taxable income" and simply tax net income without prejudice on how it came into possession.

I believe our tax system is grossly unfair to people whose income is earned through the old-fashioned way: they worked for it.

How do you figure?