This way we reward beneficial employee retainment as it relates to the economy and people’s ability to spend and sustain livelihoods. And with layoffs, the rest of us are having to pay for unemployment benefits anyways, so the corporation should have their own taxes increased. Thoughts?
Yeah - maybe remove eligibility for certain tax credits whenever a company lays off
Precisely. Say it was only if their numbers were sky high like they are now and yet they still choose to layoff. There should be some sort of repercussions for that imo. At least ineligibility for a tax credit/break.
This would dramatically reduce how much companies would hire in good times. Likely it would reduce overall tech employment.
Maybe there could be stipulations. For instance, if we’re seeing record numbers like we are now and yet there are still layoffs, then this should warrant some ineligibility for tax breaks?
Who would decide those thresholds? Sounds complicated. Which means there would be many ways to game the system. For example not hire FTEs but in stead relying on contractors. Or offering gig work like deals for projects in stead of a salary.
because we are not socialist
That’s actually how unemployment benefits already work. Employers pay into the pool and their rates go up if their ex-employees claim benefits
why don't you work for government? you will have job security, great health perks and retirement benefits
Impose a corporate tax for each employee based in other countries.
Capitalism
It will get twisted and increase the use of contractors and maybe make some FYE change to part time before they get laid off.
Wouldn't that make them all much more risk-averse when hiring? I agree that this job market and all the layoffs suck but I'm not sure that is the solution. Any additional tax on corporations just ends up getting paid for by consumers and taxpayers.
This will incentivize companies to keep unproductive human resource capacity. Everyone will pay for this bad idea in the end through reduced productivity growth
Current layoffs are driven by shareholders and stock prices. If there were consequences that could affect those, like increased taxes, maybe we’d see less predatory and greedy layoffs?
Do you have a 401k in stocks? Your parents? congrats, you are a shareholder and part of the "problem". If implemented the way you suggest, companies will have lower productivity and you will pay in the end through lower investment growth. Think of second order effects. "Greed" is a simplistic and false explanation