LOL look who else shows up barking when I start talking about Trump's lap dogs. You're suuuuuch a good widdle boy McFry!
In response to not telling their workers or shareholders they were closing 63 Sam's stores and laying off thousands?
Which means private citizens allow their money to be invested overseas. My 401k is doing great, but I fully understand that America's top 500 public companies already get 50% of their profits overseas. You are very pro- globalization without realizing it. The growth will be overwhelming outside developing countries and has been in the 21st century.
Like those thousands of people who work at Sam's Club and don't have jobs anymore (and no one even told them until they tried to show up for work and saw the doors locked)
Putting more money into lower and middle class people's pocket than the upper class is a good thing at this point. Capital hasn't been the problem since 2007, all you are doing is allowing more US money to be invested overseas. As I've said, my 401K has been doing great since 2009 but I haven't felt it in my wages or benefits. You have a very pre-21st century mindset when it comes to economics.
So you’re trying to correlate a tax bill that was signed a few weeks ago to a Billion dollar corporation closing 63 stores? I don’t think you understand how corporations work. The 63 store closings represents a fundamental shift in their business model that had to be approved by their board of directors and has very likely been in the plans for months and been in discussion a lot longer than that. If you took time to actually read what Sam’s club was doing you would understand that what they are doing has a lot more to do with Amazon than with any government policy. They are turning 10 to 12 of those stores into distribution centers and will be reopening them at some point. Sam’s is changing their business model to better take advantage of the online shopping trend. Big businesses that refuse to re-examine and revise their business model to reflect the change in times are doomed to share the same fate as some of the old department store giants like Sears and Montgomery Wards. Additionally there is this little thing called the WARN act where company’s can’t have mass lay-offs without a 60 notification which is why the Sam’s Club store in Baton Rouge is closing Thursday but hourly employees will continue to receive pay and binefits until March 16. Oddly enough that’s almost exactly 60 days. The new tax law that will reduce their tax rate down to 21% will certainly help them as they revise their business model and be a stronger company with better pay which I think you are already seeing with Walmart boosting its minumum wage jobs by $2 an hour and large bonuses.
If putting more money in the hands of Tax Payers is a pre 21st century mindset then I’m happily guilty of that claim. It is not your right, my right or the governments right to tell someone where or how to invest their money. And your solution to keeping money in the US is to tax individuals and corporations more? 1. Neither your or the government should get to tell me how to spend my money. 2. If you are trying to protect money, the government is the last entity you should want possessing it.
This is absolutely not true. New innovation, products and ideas creates more jobs. Was there a demand for smart phones before there were smart phones? More money gives companies like Apple more ability to come up with new products that create a new market and new demand for more products that not only create more jobs but improves our lives. That’s why I say the corporate tax cut is the real gem in all of this. Is it better to divide a million dollars between a million people so they can all run out and buy a stick of gum? Or is it better to put that million dollars in the hands of Steve Jobs and let him make a new company called Apple that ends up creating hundreds of thousands high paying jobs and new products that binefits all of us? We have already seen a huge number of corporations start giving back to the work force as a direct result of the new corporate tax breaks. It’s happening throughout different industries including the airline industry which is the one I work for. But the real binefit is yet to come in my opinion.
You chose a pretty shitty example with smartphones. Smartphones are a product of the natural progression of Moore's law and the shrinkage of the node due to the shrinkage of the fabrication process which results in natural progression of increased thermal efficiency and decreased power consumption. Those two factors would naturally lead to smaller and smaller devices with more thermal and power efficient devices. Your argument would make sense if corporations emperically, objectively not holding on to the most accumulated wealth in human history. They are florishing. If they don't want to invest at a higher rate within our borders, their cash reserves aren't the limiting reagent.
No lie at all. Republicans like to say inaccurate things like "of course the rich are getting most of the tax cut, the poor don't pay taxes" when the reality is that it would be easy to cut taxes which primarily affect the poor and middle class, but that wasn't the goal here. The goal here was to give a huge tax cut to rich people. Just a fact.
Then you support the economy of the last 20 years and all that comes with it. There are consequences to everything. You’ll notice I said put money into lower and middle class to which you ignored it. 1) It is the government’s right to tax. Read a history book or even the constitution. 2.) I want to invest in America.
And the trade deficit with Mexico and China increased to its highest ever in 2017. You’ll probably want to put that one on Obama.... Teeheez It’s like that Great Recession was very serious....
This is the worst potus ever in America history who calls another country a ****hole he has made America look so bad in the eyes of the world.
Worst president ever in regards to PC culture. Good president in regards to moving the country in a positive economic direction. One is more important than the other. Stop being so emotional.
You have to be kidding me you do know that the economy was already heading in the right direction.This guy has done nothing good but make America hate now he has managed to make other countries hate America more than they already did.You seem to be the i that is so emotional.
Smartphones are only one example. Feel free to include everything from lightbulbs to cars to laptops to TVs etc.... there was no market for those items before they were invented.
Sign I'm not going to debate the merits of technical innovation and whether excess cash reserves jump started them from a non-engineer who has no clue what he is talking about in manufacturing. Again, the limiting reagent isn't cash reserves .these companies are holding on to the most wealth in corporation history.
