This election is too
important to ignore. So, I am writing a series of posts on topics to consider
as you think about who to vote for in November. I am specifically staying away
from Trump and social topics. This series is about serious issues and the
congress members involved with them. That is the focus, congress. Topics
include:
1. Religious Education
2. Capitalism
3. The Tax Bill (the part congress played in it)
4. Healthcare
5. SNAP
6. Government Assistance (Other)
7. Where Democrats Stand
8. GOTV and Nancy
2. Capitalism
3. The Tax Bill (the part congress played in it)
4. Healthcare
5. SNAP
6. Government Assistance (Other)
7. Where Democrats Stand
8. GOTV and Nancy
I have been collecting
these articles throughout the year. The part in green is a direct quote from the article in the link
before or after it. I
also very specifically stuck to reliable news sources. Actual fact based news
sources like Politico, CBS News, The Washington Post, The
New York Times, The LA Times and others.
The Tax Bill And Congress:
1.
Almost anything helpful to the poor, middle
class, and those whole think they are rich but aren’t expire in 2025. Any positive you might see now goes away and taxes get a lot more expensive in 2025.
2.
All about corporations. Republicans make the
argument that it will “trickle down to employees”. Only in companies that need
the government to approve something to benefit them! Almost everyone will see
money go to stockholders and/or executives only. Raises are not in the future.
3.
It added to the deficit. So many Republican
voters for years complained about the deficit. Will this bother them?
Hypocrites if it doesn’t. You aren't "fiscally conservative" if you still support Republicans after this!
What could be more dangerous for American workers, economists said, is that
the bill ends up creating a tax break for manufacturers with foreign
operations. Under the new rules, beyond the lower rate, companies will not have
to pay United States taxes on the money they earn from plants or equipment
located abroad, if those earnings amount to 10 percent or less of the total
investment.
Some companies did give some of their tax savings to
workers. Because they know they need the employees to vote Republican. The only
way to do that is to share the wealth so people think it’s a great tax bill.
But, these voters aren’t reading the fine print. One time
bonuses aren’t pay raises. The few companies that did raise wages had to. The
already improving economy meant good workers were able to leave and get paid
better elsewhere. To keep those employees, wages had to rise. A result of the
economic improvement from before, not because of the tax cuts.
It reminds me of a joke my brother used to tell. There is a
flood and a man is on his roof. A guy comes by on a boat offering to save him.
The man on the roof turns him away. “God will save me”. Then someone comes by
on a helicopter. Again he turns that person away. “God will save me”.
So he dies. He asks God “why didn’t you save me?” God
responded “I did try to save you! I sent you the guy on the boat and the person
in the helicopter!”
Non-ultra-rich republican voters are the man on the roof.
Democrats are the man in the boat and the person in the helicopter. Voting
against your own interests will just make things worse in the long run. Many
know it’s against their own interests but vote Republican anyway.
I want to ask these voters who vote against their own interests, what is it republicans are offering you? What policies do they agree with? How are the laws they are creating making your life better? It boils down to social issues. These voters care more about banning abortions and same sex marriage then about being able to get their disabled child affordable healthcare. It's the choice they are making with their votes. It is ridiculous to make it so that child cannot get health insurance because of a pre-existing condition just because you are homophobic. Yet many are doing exactly that.
I want to ask these voters who vote against their own interests, what is it republicans are offering you? What policies do they agree with? How are the laws they are creating making your life better? It boils down to social issues. These voters care more about banning abortions and same sex marriage then about being able to get their disabled child affordable healthcare. It's the choice they are making with their votes. It is ridiculous to make it so that child cannot get health insurance because of a pre-existing condition just because you are homophobic. Yet many are doing exactly that.
These are the people that would fare better with the
Democrat proposed living wage. The reason, those raises trickle up. When the
lowest earn more, those above them on the pay scale earn more too. Many studies
have proven this. A one-time bonus isn’t going to improve your life. Saying you
will vote republican because of that bonus is telling the person there to save
you “God will save me”. The man on the roof was foolish. He made a bad decision
and died because of it. Vote Democrat because they have your best interest in
mind. They care about customers and employees. Republicans only care about the
employers.
“Certainly, a lot of what you’re seeing is bonuses, rather than wages. It’s a one-time thing — you don’t have to do it again. It’s political, obviously. It’s P.R.,” said Jim O’Sullivan, the chief United States economist at High Frequency Economics.
Politicians will make no such
distinctions, of course. But workers might be able to guess if wage gains are
in their future, at least a little bit, by reading the fine print of corporate
announcements. If companies announce new projects, initiatives or capital
investments — anything that might boost worker productivity — wage increases could
follow.
Not because companies are dying to
share their tax spoils with workers. But because they have to, or those workers
will take a job with another company that will. (quote from article below)
https://www.nytimes.com/2018/01/22/us/politics/bonuses-tax-laws-trump-impact.html
The recent stock market rumpus has been set off in part by fears that a tight labor market and quickening wage growth are a foretaste of higher inflation and interest rates. But sustained raises for American workers may be possible only if employers can break a habit: handing out one-time bonuses in place of salary increases.
The stream of companies announcing bonuses for their employees in the wake of the newly minted tax cuts is just the latest expression of the trend.
This little-noticed shift in how employers compensate workers could also help explain one of the economy’s most persistent puzzles: why a hot labor market has failed to ignite bigger increases in wages.
There has been “a continuing dramatic shift in the mix of compensation,” Aon Hewitt, the human resources consulting firm, noted last summer in its latest annual survey of company pay practices.
In 2017, one-time payments consumed
12.7 percent to those budgets; raises amounted to just 2.9 percent.
“Pressure to increase productivity and
minimize costs,” the report concluded, had pushed employers to forgo raises and
rely more on short-term awards “as the primary means of rewarding for
performance.”
Ordinarily, the jobless rate and wage
growth are like two ends of a seesaw: When one drops, the other is supposed to
rise. But that link seems broken, and like film-noir detectives, analysts have
scrutinized hard-edge statistics and fuzzier psychological indicators for clues
about why.
In the recession that began a decade
ago, the businesses most likely to survive tended to be the most conservative
spenders, said Douglas G. Duncan, the chief economist at Fannie Mae. That
approach was rewarded and has now been reinforced, he said, helping to restrain
the growth of full-time work forces and salaries.
The reasons for sluggish wage growth, of course, are a complex weave. Declining unionization, noncompete contracts, tepid minimum-wage increases, globalization and sluggish productivity have all played a role.
Whatever the cause, the
consequences can be profound. Salary increases compound over time, offering
greater financial security. Moreover, bonuses have not made up for wage stagnation. The
inflation-adjusted median income of men working full time was lower in 2016 than it was in 1973. And their lifetime earnings — which include salary,
wages, bonuses and exercised stock options — have mostly dropped since then.
Most bonuses still come in traditional forms: payoffs for executive-suite occupants and deal hunters, or sweeteners for newly hired employees. Certain industries, like finance and insurance, with their longer tradition of year-end and performance-based rewards, continue to have much bigger bonus budgets than sectors like retail.
Most bonuses still come in traditional forms: payoffs for executive-suite occupants and deal hunters, or sweeteners for newly hired employees. Certain industries, like finance and insurance, with their longer tradition of year-end and performance-based rewards, continue to have much bigger bonus budgets than sectors like retail.
Those
raises the Republicans promised you in the tax bill? They are now a one-time
bonus. It’s great to get that money in an election year. But, It’s only that
once. I thought what you really needed was a raise? Democrats want to raise the
minimum wage. They want to force these companies to pay you more. So you can afford the basics and not have to do without so much. Republicans
just want your votes. So they let companies appease you with the one-time
bonus. But, that won’t help with your financial issues in the future.
No comments:
Post a Comment