Late Stage Capitalism
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If trickle down actually works then it shouldn’t really be a problem.
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And yet, this is the drum they’ve been beating. Only a fool believes the companies will share in profits with higher wages and more jobs. They’ll be investing in automation and stock but backs.
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As Sen. Feinstein describes it, it wasn't a very well thought-out proposal. Earnings vary, and therefore dividend payments will also vary, but payroll does not. I'd rather have seen employee compensation up to, say $100K a year, been made more deductible, than a blanket rate cut.
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Sen. Diane, that's SUCH nonsense.
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As opposed to handing Trump’s ‘MASSIVE TAX CUT FOR WORKERS!’ Back to their share holders instead of said workers, you mean...? Yeah, obscene.
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Do you think she even realizes that her amendment would likely decrease Fed tax revenue bc if Cos use $ saved from decreased Corp rate to pay Execs more, that same $ will be taxed on Exec’s 1040, likely at a higher individual rate?
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You are 100% correct. Congress fails at pretty much everything they try to handle. I'm glad business don't have to answer to them in setting wages (for the most part).
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