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GulfCoast66

(11,949 posts)
13. This is what is so difficult about trying to communicate on line.
Fri Oct 4, 2019, 12:03 AM
Oct 2019

Rather than face to face as we evolved to do. I think we pretty much agree on almost all issues. Over a beer or soft drink you and I would agree on most things.

I certainly agree corporations and the rich are paying nothing and it has to change.

And there are reasons for that. Allowing stock options for executives was illegal before the early 80s. So executives had to be paid an actual salary. And if it got too high it was taxed at 70%. To me this is the most detrimental change we ever made. It forces executives to think short term rather than trying to earn a very good salary for the long term and retire rich after running a successful company not driven by Wall Street. And if an executive does that I don’t begrudge them retiring rich. But our current laws actually encourage them to drive up profits, damn the employees, and then bail before the house of cards comes crashing down.

And when I said services I mean things like Banking, IT, and other well paid companies. It’s what London has thrived on. But Brexit will kill that goose laying the golden egg!

And I disagree that even real service worker cant make good money. Their corporations sure do. Their is just no legal mechanism to force a percentage of the profits going to the worker.

Again. Good discussion. Unfortunately it is late. If you respond I will in the morning.

Have a nice evening.



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trump is such a fool. doesn't he see that these trade wars will have huge implications on the US iluvtennis Oct 2019 #1
Well, maybe these American filthy rich capitalist can start investing in this country Farmer-Rick Oct 2019 #2
I would amend the tax code to discourage offshoring manufacturing. DBoon Oct 2019 #4
That's a very good start. Farmer-Rick Oct 2019 #5
You can't manufacture French Wine in the US maxsolomon Oct 2019 #9
So true but that does not make for good economic policy on its own. Farmer-Rick Oct 2019 #11
The OP and the Tariffs are about trade. maxsolomon Oct 2019 #15
Respectfully disagree. This is what tariffs look like. GulfCoast66 Oct 2019 #10
First using German is an unfair comparison because they have codetermination laws Farmer-Rick Oct 2019 #12
This is what is so difficult about trying to communicate on line. GulfCoast66 Oct 2019 #13
Yeah I agree with you Farmer-Rick Oct 2019 #14
So we raise minimum wage to a decent amount. Or not do decent. GulfCoast66 Oct 2019 #16
These trade wars make so little sense for America and it's allies The Liberal Lion Oct 2019 #3
Tariffs should be last resort after full fledged Firestorm49 Oct 2019 #6
These follow a WTO ruling that following 15 years of litigation and years of negotiation before that Igel Oct 2019 #8
I just saw a story on local St Louis news about new tariffs on EU... jcgoldie Oct 2019 #7
No one wins a trade war. BlueIdaho Oct 2019 #17
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