• acchariya@lemmy.world
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    3 months ago

    We are usually diametrically opposed to taxing spending, but what about a corporate luxury tax on stock buybacks? Buybacks are the latest scheme to inflate executive and top shareholder pay while at the same time making capital unavailable when needed. Claim chapter 11, negotiate debts, lay off employees, rinse and repeat. Moral hazard.

  • Bob Robertson IX @discuss.tchncs.de
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    3 months ago

    And then you’ll see even more companies using contracted workers instead of hiring employees.

    Don’t get me wrong, it’s a needed move, but bastards will remain bastards, and CEOs are bastards.

  • Media Bias Fact Checker@lemmy.worldB
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    3 months ago
    Washington Monthly Media Bias Fact Check Credibility: [High] (Click to view Full Report)

    Name: Washington Monthly Bias: Left-Center
    Factual Reporting: High
    Country: United States of America
    Full Report: https://mediabiasfactcheck.com/washington-monthly/

    Check the bias and credibility of this article on Ground.News


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  • Verdant Banana@lemmy.world
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    3 months ago

    One idea Harris should consider embracing, both to impress working-class voters on the campaign trail this year and to help navigate the legislative thicket next year: is to raise the corporate tax rate only on corporations that pay their chief executives absurdly more than they pay their workers.

    In 2021, writing for the Washington Monthly, Carter Dougherty urged Biden to adopt a version of a policy that originated in Portland, Oregon: Companies that pay CEOs 100 times more than their median worker must cough up a 10 percent tax surcharge. If the ratio is 250-to-1, then the surcharge is 25 percent. In 2023, also in the Monthly, Jessica Church argued such a law could have rendered the protracted United Auto Workers strike unnecessary.

    The appeal of the approach is clear. CEO compensation has skyrocketed in the last few decades, fueled by financial instruments like stock options, while worker compensation has lagged. This is a way to help increase the pay packages of average Americans without complex government bureaucracy or contentious labor strikes. As a Portland City Council member told Dougherty, “The goal was not to make money. The goal is to get employers to raise median wages.”

    so instead of committing to fight with the workers to gain better rights and raising the minimum wage we are just going to try force the situation with horseshit regulations?

    the fire she started with is already going out not to mention her right wing immigration stance

    here we go again

    Democrats using Fascism Lite to combat Republican’s Fascism Original

      • Verdant Banana@lemmy.world
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        3 months ago

        yes CEOs need to get paid less but it beats around the bush on the real issues keeping workers down and getting CEOs’ salaries lowered does not mean anything will trickle down

        what about the minimum wage, worker’s rights, healthcare, parental leave, sick leave

        this ignores lots of other issues

        what about the fast food places that are using AIs in the drive throughs instead of paying living wages

        just like when unemployment goes down and a president touts job creation never minding the fact they are usually factory jobs with pay that does not match labor or conditions let alone be a livable wage and are usually in the South where regulations are less and the workers have less rights/pay

        • jeffw@lemmy.worldM
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          3 months ago

          “I disagree with something because it doesn’t address other issues” makes no sense.

          Do you not support gay marriage because it doesn’t increase minimum wage? Do you not support abortion protection laws because they don’t include sick leave?

          • Verdant Banana@lemmy.world
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            3 months ago

            it does not address the whole issue entire no

            choosing a band aid when you are gushing blood from a huge open wound is not a fix

            not even baby steps

    • BigMacHole@lemm.ee
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      3 months ago

      Agreed! If we tie Lower Taxes to High Worker Pay there’s LITERALLY Zero incentive for Corporations to Raise Worker Pay! We need REAL SOLUTIONS!