thegreekdog wrote:I really did miss you Player.
PLAYER57832 wrote:Most corporations pay only a bare fraction of the true cost of their benefits.
I completely disagree. Companies (not just corporations) pay for a variety of things. Companies pay employee salaries, employee benefits, employee retirement, and employee healthcare. In some localities and states, the companies actually pay taxes on their employees' salaries.
They pay salaries. But, whether those salaries add to our economy or make a further drag depends on how much they pay. Granted, GM probably paid its assembly line workers a bit much, which is one reason their cars were so expensive. However, Walmart, Dollar general -- virtually every retail store AND, now many production companies (far too many to name) as well as many service industries pay a large number of employees less than it take to rent a house, buy food, basic clothing and transportation, never mind medical care. Further, these companies are more and more deciding to just ship the factories overseas. That is not entirely negative and yes, I realize its complicated (many US employees are actually overpaid). BUT, the bottom line is that when Walmart keeps its costs low by improving efficiency of production, that's one thing. When they do so by having companies in China make products with less supervision, more pollution, etc. -- it is a short term benefit to the people who buy and the stockholders (etc.) but it is a very big long-term loss to us all. That Walmart (and other companies) is/are not forced to take responsibilty for this hurts us all.
Bottom line is as I said, if the pay is so low that the employees who are single or have just 1-2 children qualify for Medicaid and food stamps, then they are an overall drag on the economy, not a gain. In a few cases, this is justified -- hiring trainees, cons, etc. However, too many of those programs wind up being excuses to just pay low wages to regular employees.
thegreekdog wrote: Companies pay state use taxes, state corporate income taxes, state corporate franchise taxes, secretary of state fees, federal income taxes, local business taxes, state and local real and personal property taxes, and state abandoned and unclaimed property taxes. Companies pay their own environmental clean up costs. Additionally, companies pay for the services they use and the property they purchase. The companies are certainly paying for more than their fair share.
They pay taxes and get a list of deductions a mile long as well.
In truth, many really small businesses do pay more than they ought in taxes, but the bigger guys often do not.
A company needs to pay for the education of the next generation of employees (as the generation before paid for its employees), for the roads that bring the employees to work, the parks and other niceties that help ensure they get a good workforce. They need to pay not just for the direct and immediate cleanup of pollution they spew out, but also for the future clean up, because regulations only go into place AFTER a lot of damage is already done. And, is discovered long after the companies are gone. This cost is the one that really and truly goes through the roof and is almost never taken into serious consideration, except by the most avid environmentalists.
there is a lot more, but very few companies even begin to pay for those costs.
thegreekdog wrote:
PLAYER57832 wrote:Every employer who hires someone for less than it takes that person to live is expecting the government to subsidize that person, even if they are decrying those benefits all the way to the bank.
First, let's assume that it is true that employers do hire people for less than it takes the person to live on so that the government must subsidize that person. We're also assuming of course, that there are no charities and that people and entities other than the government don't actually give money to employees who need it (which, as we all know, is untrue). Let's assume all that is true (even though it's really not). The companies pay taxes, which subsidize the government's subsidization of the employee.
I have a hard time believing you actually wrote that, greekdog.
To begin, presence of charities is simply irrelevant. The fundamental question is whether someone who works for a living deserves to be paid enough to have a decent house, food, clothing , transportation and medical care (not fancy, just the basics). Are you truly asserting that they do not?
As for the rest -- if you think its NOT true, then you have not looked into how much most people are paid. A family of 4 qualifies for reduced lunches in PA if they earn just over 39,000 a year. Below $21,00 (though it varies) and you qualify for heating assistance, food aid, etc, etc etc.
That means that most laborers, virtually all service personnel, the clerks and stockers in most stores -- all are being subsidized.
Claiming that Its Ok because these companies pay taxes is plain silly. They are not paying enough taxes to pay for those benefits. Further, even if they were, it would be far, far better for everyone if they simply paid the employees more. The company gets the tax break (they don't pay taxes if they are true employees, but contractors and such are not counted as employees and that pay is deducted differently), the employee PAYS more taxes instead of using taxes and the overall result is a net gain. Right now, every stockholder dividend that Walmart, etc pay out is really stolen from our taxes. Stolen from the wages of employees who ought to be paid better for working (and yes, I do know that many of those employees are stockholders and that payouts have decreased somewhat).
Charities have enough of a trouble taking care of people who cannot find work, who get hit by disasters or who have unusually difficult circumstances. Claiming that charities are supposed to pick up for ordinary hard-working employee pay is ridiculous. That is a employer's job, NOT the job of charities or the government. I thought you were in favor of responsibility?
thegreekdog wrote:PLAYER57832 wrote:Every stockholder that invests in a company and expects and immediate profit, regardless of the long term impacts to the company or society is similarly not paying their due.
The stockholder is also paying taxes. And the stockholder used to be concerned with long term impacts as a negative long term impact would affect his or her future earnings. For example, in my extended family, we invest in public utilities for the most part because they are stable (for the most part); this is some indication that we understand the long term impacts of investments. That being said, it has become clear, at least to me, that the government will now bail us out if we do not take into account the long term impact of our investments.
Again, both untrue and irrelevant. Stockholders only pay taxes if they actually sell their stocks and take a profit, rather than rolling them over.
But you are avoiding the primary point. Investing is fine. Profiting from investments is perfectly OK,
as long as it is real profit. The problem of late is that too many executives have been looking ONLY at short-term stockholder payouts. Or, worse (in the case of AIG, etc) not even stockholder profits, but bonuses they can get. Bonuses and payouts that too often result from actions that are, in fact, not beneficial to the company in real, long term respects. Why should they? Who is going to invest in a stock that will only engender 1%, when they can get a 15% return (or much, much more) -- and if it means that the company will go under 5 or ten years down the line, so what? The stock will be sold by then! But, the employees, on the other hand, and society -- to all of us it makes a great deal of difference.
Ironically enough, your last sentence seems to agree with me, but I think you are so intent on disagreeing that you perhaps did not stop and think about what I was really saying.
Again, I am NOT in any way against profits. Its just that I am against the artificial padding that seems to have standard in recent years.
thegreekdog wrote:
PLAYER57832 wrote:So many people are so busy looking at today's balance sheet that they simply put off any costs for tommorrow. We, our kids are now beginning to pay for those lacks.
I'm not sure what costs you are referring to. In any event, the absolute worst, by leaps and bounds, with respect to putting off costs for the future is the federal government.
I get into this more either further down or in another thread, but largely I refer to the idea that a company executive who comes in and shows a profit by simply closing down plants, moving them overseas is somehow a good thing, along with huge underestimated results of pollution, AND a general attitude of "we'll worry about that tommorrow" when it comes to using up certain limited resources, particularly oil.
thegreekdog wrote:
PLAYER57832 wrote:We pay in an overall decrease in quality of life for many, many people.
I actually agree with this. For the most part, our quality of life has decreased. I think this is due more to our various forms of entertainment, the lengthening of the workday, and the technology which has made the average worker available 24 hours a day, 7 days a week.
When I was a kid, we could go walk on the beach, hike up in the woods, go fishing, etc. I know in PA things have actually gotten a bit better, but that does not really excuse continued damage.
My kids cannot avoid being exposed to lead (and believe me, I am pretty "anal" about it!). The air we breath is not as polluted as it was in years past here, but is still hardly toxin-free. Ironically enough, misguided so-called environmentalists have all but shut down reasonable logging here in the Allegheny. My son's education is nothing like what I got. He is learning less, though there is far more that he needs to know now.
more and more things that used to be free, that used to be why people were happy to work for low wages, because the trade-off of living next to the woods, etc balanced things out -- most of those options have been taken away and locked up by people who want to make more money.
I do have a garden, but I worry about the toxins the plants absorb. Many areas are far worse off.
On the plus side, we have vegetables and fruits from all over the world and the country, have video and internet, etc., etc. Medicine has improved beyond imagination. Yet, people's ability to even think and consider other opinions (in general -- you are most definitely an exception!) eroding.
A lot of that is not about taxes or economics.. at least on the surface. However, most of it is, somewhere down the line, very much created and impacted by economics.