Zone1 Income inequality can be a a real thing.....

[The Sage of Main Street]

Familyism Is Even More Primitive Than Tribalism

The worst examples of getting money without earning it are through trust funds and inheritances. Americans are programmed to refer to less important and less harmful examples.

 

[DennisPTate]

Familyism Is Even More Primitive Than Tribalism

The worst examples of getting money without earning it are through trust funds and inheritances. Americans are programmed to refer to less important and less harmful examples.

Good points....
so how about you take your arguments here:

Zone1 Thread 'No taxes on OVERTIME PLUS.... Unconditional but Taxable Basic Minimum Income Supplements?'

Yesterday at 5:37 PM

Here is my plan to pay off the national debts of Canada and the USA, [beginning this in Canada might be easier due to the fact that the foundation was laid in Bank of Canada policy from 1938 to 1974]?

Five hundred dollars per month...
for forty one million Canadian citizens and legal residents....
that is created in the same way as the Bank of Canada worked from
1938 to 1974.

Plus....NO INCOME TAX ON OVERTIME.... so that the twenty percent of our
population who do about eighty percent of the most valuable work in the economy have
an incentive to work extra!

No income tax on overtime...

• DennisPTate
• Replies: 9
• Forum: Clean Debate Zone

• 

 

[beagle9]

First, we have to eliminate the benefit cliff. You can't talk about bringing people out of poverty, you can't talk about entrenched poverty when, while climbing out, these people face marginal tax rates North of 85%. I mean think about, screaming pull yourself up by your bootstraps, you get fifteen cents on the dollar. WTF. You can go straight to hell. Makes no sense.

Easy answer, guaranteed minimum income. Our society is evolving, this ain't Nazi Germany, Arbeit macht Frei, **** that. And if you ask me, if someone can live off that minimum income, has no more motivation than that, eating bon-bons and watching Wheel of Fortune every night. Great, small price to pay to keep them out of my damn way.

Keeping it simple... The tax codes are simple - You start at the bottom and work your way up in a progressive tax system that gauges your level of income verses what you are required to pay in each year, and along this route you make very meaningful and purposeful choices upon how you manage your financial situations in life.

The more you rise up out of poverty (that everyone is basically born into except for the kids that enjoy the successes of their parents in life), the less friendly the tax code becomes to you (i.e. the more you make the more government takes), but it's a fair system because although the government takes it's share, you still are left with enough to not be a government dependent in life. It's only when government misses the money it receives that it becomes a broken system.

It has really been an ingenious system that rewards success, and gives the poor the incentive to want to gain more rungs upon the ladder, but it's all because they would rather become financially successful instead of receiving better refunds on very little money making them dependent.

Everything goes to chit when government becomes corrupted and therefore misuses the tax money it receives.

 

[beagle9]

We Don't Owe a Living to Those Who Own the World

Sacrifice has no merit; it is merely brown-nosing to the Scrooges who desire to have power over their future employees. The Buttboys for the Bosses are generic workoholic zombies who take away the jobs of the talented.

The naturally talented are owed those jobs if we are to make economic progress.
They can do a better job with less time and effort. Higher productivity benefits everybody. The yes-men only benefit themselves.

Seen it play out in real time many many time's.... Until employer's stop looking for these types in hopes to get them to fool the employee's for them, then nothing changes.

 

[beagle9]

Familyism Is Even More Primitive Than Tribalism

The worst examples of getting money without earning it are through trust funds and inheritances. Americans are programmed to refer to less important and less harmful examples.

I've seen rich independent company owner's in the past make millions in their companies run, and I've watched as their family member's (whom could care less about the type of work their parent created), end up with the spoils of their father's business after death, and the poor working rubes who helped generate and build that wealth through their hard work and devotion walk away with nothing. Then the employees watch as that wealth is lost quickly and destroyed by family members who never gave a damn about the company or the business being conducted there.

Employee profit sharing programs should be a requirement of every company in this union. Why not ??

 

[Lisa558]

I've seen rich independent company owner's in the past make millions in their companies run, and I've watched as their family member's (whom could care less about the type of work their parent created), end up with the spoils of their father's business after death, and the poor working rubes who helped generate and build that wealth through their hard work and devotion walk away with nothing. Then the employees watch as that wealth is lost quickly and destroyed by family members who never gave a damn about the company or the business being conducted there.

Employee profit sharing programs should be a requirement of every company in this union. Why not ??

The salary is the profit sharing.

 

[Muhammed]

We Don't Owe a Living to Those Who Own the World

Sacrifice has no merit; it is merely brown-nosing to the Scrooges who desire to have power over their future employees. The Buttboys for the Bosses are generic workoholic zombies who take away the jobs of the talented.

The naturally talented are owed those jobs if we are to make economic progress.
They can do a better job with less time and effort. Higher productivity benefits everybody. The yes-men only benefit themselves.

The 2nd Circuit U.S. Court of Appeals says it's OK to discriminate against smart people when hiring.

We are not a protected class.

 

[beagle9]

The salary is the profit sharing.

Huh ? A profit sharing program is for all employee's that stay on after their 6 month evaluation.

Most salaried employee's are only lower to upper management.

 

[beagle9]

The salary is the profit sharing.

Nope

 

[Lisa558]

Huh ? A profit sharing program is for all employee's that stay on after their 6 month evaluation. Most salary employee's are lower to upper management.

Well of course they’re lower than upper management’s. They have a lower degree of value.

You never owned a business, did you?

 

[Lisa558]

Nope

Yup.

Let’s say I own a business (which I have in the past), and after all my expenses - COGS, rent, insurance, advertising, etc. - I have $175,000 in net profit. I split that profit with my employee - I get a $100,000 “draw” and he gets a $75,000 salary.

That’s how I share the profit.

 

[beagle9]

Well of course they’re lower than upper management’s. They have a lower degree of value.

You never owned a business, did you?

Don't take my words and twist them like you just did.. I have never made any type of statement to be interpreted that a lower employee (below management level), who are usually paid by hourly instead of paid by salary (fixed income), are somehow less valuable so they deserve nothing in the form of profit sharing. Never said what you said, and yes all employee's are valuable, and yes I have run companies in my past. Retired now, but working part time (having fun), just to stay busy.

 

[beagle9]

Yup.

Let’s say I own a business (which I have in the past), and after all my expenses - COGS, rent, insurance, advertising, etc. - I have $175,000 in net profit. I split that profit with my employee - I get a $100,000 “draw” and he gets a $75,000 salary.

That’s how I share the profit.

Can't say how you had your program set up, but various program's can include the hourly worker's as well.. Everybody wins.

 

[Lisa558]

Can't say how you had your program set up, but various program's can include the hourly worker's as well.. Everybody wins.

My employee won by my company making a profit and giving him a good chunk of it. His salary.

 

[beagle9]

My employee won by my company making a profit and giving him a good chunk of it. His salary.

Who is him ? Your husband ?

 

[Lisa558]

Who is him ? Your husband ?

The person I hired - not related to me. He was with me for 17 years.

 

[beagle9]

The person I hired - not related to me. He was with me for 17 years.

Two person company, otherwise a partnership ? How many employee's or slaves ??

Kidding !!