We talked about this over a year ago. Im not an economist, not a soothsayer either. History would not keep repeating itself if people looked beyond their personal bubble.
I'm not a big fan of Bezos or Amazon, but to be fair, his salary is about $1.6 million dollars a year. He made $35 million in the stock market. He could lose that in a heart beat. Just ask Zuckerberg. :)
If we only count his salary, whats is 1,600,000 / 23,500 ? Only 68. So I guess it is fair that he makes 68 times as much as the average worker.
Perhaps they could consider giving some shares to the workers so they will benefit that way as well.
Hey, the head football coaches of most division 1 colleges make that much and they only have 60 guys working for them. Its a free market. If Amazon does pay enough there are plenty of jobs out there.
Not disagreeing at all. You are 100% correct.
The point is the 'Tax cut' is not helping the average person because trickle-down does not work. It has never worked and it never will work.
Just take away the facade of 'helping the working class' and admit this was a tax cut for the rich.
I'll stop bitching when those who voted for this tax cut stop saying it will grow the middle class. It won't.
I don't know that it will grow the middle class, but it certainly helped the middle class. Any small business that makes a profit will be able to keep a lot more of it's profits this year. The same goes for individuals. It does nothing for unprofitable businesses or people that don't pay taxes.
Best estimate I have seen is about $7 a week for people making under $100,000 and less than $84 a week for business earning less than $500,000 ebtida
This is where I got my info from:
If you take a 35% tax rate and lower it to 21%, I consider that a lot. If a company's gross profit is $500,000 in a year the difference in taxes is $70,000.
For a couple filing joint and making a combine $100,000 it is a $3000 savings. Now when you divide that by 52 weeks it doesn't sound like much at $58. On the other hand if the gov takes $58 away from you every week I bet it sounds like a lot more. :)
For me $58 a week does not sound like a lot. I guess it is a meal in a nice restaurant for that couple.
I guess the real point is:
Is this a big enough benefit to the little people to justify what most sources say is a increase of nearly $1Trillion to the deficit?
And more importantly, won't the same people who pushed this tax cut be advocating to close that gap by cutting things like social security, infrastructure and public services ?
I won't even try to argue about the deficit. I gave up on that when it hit 1 trillion. I can't even comprehend it.
Yes. Too bad they don't get paid a living wage so they could afford a house. But whatever, Jeff has a few nice houses so that's good.
It's great that they're employed, Amirite?
What is your real complaint Vic?
That ownership makes more than employees?
Employees make more than you?
That Hillary lost the election?
That Mueller can't find a damn thing to pin on Trump?
Fools who ignore mountains of evidence.