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The January issue of Fortune has a very interesting article on The Shrinking Middle Class. While I'

Author: WestCoastIrishFan (16211 Posts - Original UHND Member)
Posted at 10:00 am on Feb 9, 2019
View All

m not one to endorse any sort of minimum wage for the reasons cited in the article, I do believe the corporate tax system needs to be examined.

I've worked for public companies nearly my entire adult life and have seen executives make far too many decisions simply for the benefit of Wall Street - reducing marketing, restricting training, moving production to other countries, etc. When you see a major company take a huge hit, I'm comfortable saying most times it's because they've pushed off for years activities that would offer less but more sustainable growth. Wall Street can think in 90 day increments, companies should not.

I'm not in favor of taking or restricting companies from stock buybacks and other activities, preferring instead to incentivize companies to take a certain course of action; choice over penalty. On a personal level, it's like getting a lower insurance premium because one doesn't smoke or maintains a better weight. It's not a direct penalty but instead an incentive to take a specific action. For businesses, that could mean improved deductibility for employee pay, training, retention, etc. Instead of stock buy backs, perhaps improved deductibility for lower insurance premiums or higher 401K or pension plan contributions.

Just some thoughts. It was an interesting article. I'd much rather see congress debating this sort of stuff than climate change, russia and the wall.


Replies to: "The January issue of Fortune has a very interesting article on The Shrinking Middle Class. While I'"

  • The January issue of Fortune has a very interesting article on The Shrinking Middle Class. While I' - WestCoastIrishFan - 10:00am 2/9/19 (15) [View All]
    • Question for the financially literate (which I obviously am not) - MarkHarman - 10:08pm 2/9/19
      • No easier to charge employers 2-3 times more for E-Verify employees - PBHangingChad - 10:27pm 2/9/19
    • Planning has/will not halt the technological disruptions impacting middle class workers. Working for - ND521 - 6:57pm 2/9/19
    • The quarterly reporting requirement has amazing effects that are hidden and not well understood. - NedoftheHill - 3:44pm 2/9/19
    • I was with you until your last sentence. The debates are not mutually exclusive. [NT] - Rooster - 12:38pm 2/9/19
    • Thanks for the thoughtful and reasoned commentary. - ND1IRISH - 11:50am 2/9/19
    • Species that fail to evolve in an ever changing world are doomed to extinction - Curly1918 - 10:48am 2/9/19
      • true to a point but it's not always easy moving to greener pastures. Besides, it's not just about - WestCoastIrishFan - 11:21am 2/9/19
        • Fixing healthcare is a start, and will free up resources for additional training. [NT] - ND521 - 7:00pm 2/9/19
          • How do you propose that we do that? - iairishcheeks - 11:59am 2/10/19
            • Enforce the mandate. - LehighND - 10:58pm 2/10/19
              • Death panels, I knew it! [NT] - iairishcheeks - 11:03pm 2/10/19
        • Our corporations should engage in paid "vocational" training in their own self interest [NT] - Curly1918 - 12:24pm 2/9/19
    • West and Alex sitting in a tree, K-I-S-S-I-N-G. First comes love .... [IMAGE] - conorlarkin - 10:12am 2/9/19
      • "Nyah....what's up, Doc?" [NT] - NedoftheHill - 3:12pm 2/9/19
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