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Ignoramus.Really?
What did Biden disrupt?
Hilarious. Poor pay must be why millions risk their lives to illegally enter the US.We'd rather get paid well for the money we make them through our labor, than to tax them later. Pay employees well, they wouldn't need the govt programs or higher tax rates on them.
Good point! Is that why the government has LA port not working 7/24?I see Covid wreaking supply chain havoc and scarcity. Look at the 70 or more container ships waiting to be processed at the port of LA. I wonder if improved infrastructure could increase efficiency and resiliency to such circumstances in the future?
?Good point! Is that why the government has LA port not working 7/24?
So you’re ignorant that the government refuses to have the port operating 7/24 like it normally does.
Our wealthiest also pay what 87% of all the taxes? Why punish success?The middle class is where income is actually reported. They have little opportunity to hide income.
The wealthy know better than to report income and they have an army of lawyers and accountants to hide it.
Most of our nations wealth (almost 2/3) resides with our wealthiest 5 percent
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It’s not the govt. There aren’t enough workers or truck drivers to maintain 24 hr operations.So you’re ignorant that the government refuses to have the port operating 7/24 like it normally does.
Figures.
Soooo, that's what you want for the American middle class? Really?Hilarious. Poor pay must be why millions risk their lives to illegally enter the US.
Because they know being ‘poor’ in America means your iPhone is a model 6.
Some did lower cost, but there were various other options available. Some gave employees pay increases or bonuses while still others provided shareholders the benefit of a bigger dividend. The tax decrease provided companies the opportunity to pay down debt or buy back stock having affect of increasing the value to shareholders. I suspect that going in the opposite direction companies will find it much easier to pass along costs rather than going to employees, shareholders and banks with hat in hand asking for that money back.
www.forbes.com
americansfortaxfairness.org
www.epi.org
hbr.org
www.forbes.com
markets.businessinsider.com
And the left have always had the mentality of taking away from the rich and giving to the poor, instead of letting the rich keep what they've got and raising up the poor. It is not a zero sum game. You don't have to take away from the rich and give to the poor. And, income inequality is misrepresented by the left. The poor's standard of living ALWAYS rises. The poor are much better off today than they were 25, 50, 75, 100 and more years ago. The poor are NOT getting poorer. They are getting richer and richer.The right always had the mentality that if we don’t pamper the wealthy, they will leave us
And the left have always had the mentality of taking away from the rich and giving to the poor, instead of letting the rich keep what they've got and raising up the poor. It is not a zero sum game. You don't have to take away from the rich and give to the poor. And, income inequality is misrepresented by the left. The poor's standard of living ALWAYS rises. The poor are much better off today than they were 25, 50, 75, 100 and more years ago. The poor are NOT getting poorer. They are getting richer and richer.
Exorbitant CEO pay is a major contributor to rising inequality that we could safely do away with. CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills. This escalation of CEO compensation, and of executive compensation more generally, has fueled the growth of top 1.0% and top 0.1% incomes, leaving less of the fruits of economic growth for ordinary workers and widening the gap between very high earners and the bottom 90%. The economy would suffer no harm if CEOs were paid less (or taxed more).
www.epi.org
I grew up in poverty, albeit America’s version.Soooo, that's what you want for the American middle class? Really?
The middle class decades ago, were families who earned enough to pay all of their bills for cars, homes, food, kids colleges, phone, miscellaneous, and pay in to savings for retirement and safety net, and have money left over to take the family for a vacation twice a year.
Today, the economic experts say it takes $120,000 a year to be middle class like that, for a family of 4.
Still waiting to hear how Democrats can shred our healthcare system without one Republican and yet you have had the majority now.Still waiting 12 years for Republicans to agree to a minimum wage increase
How did I get from poverty to being a multimillionaire?What a ridiculous comment. The rich have NEVER "raised up the poor". The rich aren't "keeping what they've got", they're taking 80% of all of the wealth and income in the USA. They're taking all of the money generated by all of the working people, and their workers - the people who actually earned every dollar being passed to them, are left with barely enough to live on.
The New Deal tax code rewarded the workers and contributed to the rise of the American middle class, making the US economy the richest in the first world. The Reagan tax code has siphoned all of that wealth away from the American middle class and transferred it to the wealthiest people in the USA. It created the greatest transfer of wealth in American history - from the worker and middle class to the top.
Incomes Grew After Past Tax Cuts, but Guess Whose (Published 2017)
While the well-to-do did even better than before, average income for Americans on the bottom half of the scale actually shrank under Presidents Ronald Reagan and George W. Bush.www.nytimes.com
If people were actually "paid what they earn", the workers would be getting all of the income they generate. The nation's most profitable companies would be the ones paying the highest wages. Instead, McDonald's, Walmart and the other highest earning corporations in American, are earning those monster profits on the backs on the lowest paid workers in America.
If a company is booking record profits, and yet the bulk of their work force is dependent on government handouts, like Walmart and McDonalds, this is not a sustainable economic model. Pay the workers a living wage first. Even worse, the top executives of both companies are paid 8 figure salaries. Executive pay has grown by 1000% while worker pay has grown 12% - not even enough to cover inflation.
CEO compensation has grown 940% since 1978: Typical worker compensation has risen only 12% during that time
The latest report in EPI’s annual series analyzing current and long-term trends in CEO compensation.
Nahhh.....
They are already in China, manufacturing goods... And pocketed the most of those savings in CEO and upper management salaries!
Still waiting for the Trump Healthcare Plan that is cheaper and better than Obamacare…..Still waiting to hear how Democrats can shred our healthcare system without one Republican and yet you have had the majority now.
You don't buy something for a business to get a tax write off especially large purchases because those have to be depreciated.Obviously not if the expenditure costs less than the tax. See charitable contributions.
Republicans don't look to government for healthcare.Still waiting for the Trump Healthcare Plan that is cheaper and better than Obamacare…..
Any day now, any day
I grew up in poverty, albeit America’s version.
Retired a multi-millionaire in my 50’s.
God Bless America.
That’s not at all what I posted.You don't buy something for a business to get a tax write off especially large purchases because those have to be depreciated.
And even donations to charity don't reduce taxes that much.
