https://apple.news/A-AHs9FunTG2dUBawXLAywA Lol, have these guys ever taken a business or economics class?
Sounds like a great idea
Well, Dems would prefer higher corporate tax, but given the current climate, this is a good way to get around GOP’s tax cut while still restricting the rich getting the too much benefits
Why do you think they wouldn’t just shift from buybacks to dividends?
This would also be an acceptable outcome here. Buybacks can increase price volatility leading to a bigger risk of retirees suddenly losing what they thought would last them till the end. If that's the goal though then hopefully they'll restructure the taxes around dividends.
I am not a fan of government telling people what to do with their money. However, if you want to solve wage inequality, why not address it directly by capping executives pay?
Executive's pay is $1 per year. The rest are stock. Your move?
If one doesn’t want government telling one what one can do with one’s money, then don’t incorporate and publicly list the company.
Yes, I'd wager they both know quite a bit more about business and economics than you. The question is, why do you think you know everything? What about your short career writing code do you think gives you such insight?
What makes you think Pelosi knows more. Is it her education? Anything she has delivered that helped the economy? Any business she ran? Anything she created Oh I get it, you are probably impressed how she amassed 60million plus by being in the government. That is commendable Same goes for chuckles
Didn't Sanders get flummoxed by the fact that secured loans get better terms than student loans? Dude is not a business minded person.
If the company has money for a buy back, then it has money to pay employees a living wage.
Why should residual or excess go to workers instead of shareholders? Or customers? Corporations allocate across capital, labor, customers and boards are empowered to make this decision. What if Walmart instead of paying dividends or doing a buyback or raising wages decided to reduce the price of milk or whatever drastically? These are decisions for boards entrusted with the corporation health, not legislators pushing political agendas
Corporations are legal fictions created by the state. If one doesn’t want the governance associated with that form of ownership, form a partnership instead.
Yes, poor idea and pushed for its political purpose rather than improving the corporate mechanism. See comment above. Study business organizations and the folly of this particular legislation on its merits is pretty clear
It's a dumb, populist idea meant for the low information base. If you want to raise worker wages restrict the supply (like reducing immigration) or increase demand (like lowering payroll taxes). Here's the crux of the story - "Sanders, I-Vt., is exploring another bid for the Democratic presidential nomination."
public companies exist to create value for its shareholders, not its employees. This is rudimentary to public companies and core to their existence. Changing the rules of the game only adds additional agency costs at this point. They should be looking to improve incentives around org structures that are aligned to employee interests such as co-ops
Love this. To all those against it, what is your interest in protecting shareholder? Buy backs were illegal intil 1982. They don't benefit anyone except the biggest shareholders
As an incentive for people to start/own companies that take risks to improve the lives of their customers.
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