Thousands of Amazon ,Walmart etc employees are on government assistance and Trump and republicans gave them a tax cut
The fact remains, going back to my original post, these people created trillions of dollars of wealth and millions of high paying jobs. They also helped create high paying ancillary jobs in other industries... Honeywell for example experienced its largest revenue growth last quarter in warehouse automation. Think those engineers, machinists, electricians, and installers... all over the country... are on food-stamps? Sure you can find examples to fit any narrative.... but ask yourself.... where would we be WITHOUT these companies? Where would the money come from then? Edit: AOC?
Raising taxes won't shut down or prevent companies from starting and growing.There were companies and jobs in the days of 70-90% taxes.One diffrence today though is... https://m.huffpost.com/us/entry/us_3184623 CEO-To-Worker Pay Ratio Ballooned 1,000 Percent Since 1950 We’ve made progress on a lot of things since the 1950s and so have CEOs — in their quest for more money that is. The ratio of CEO-to-worker pay has increased 1,000 percent since 1950, according to data from Bloomberg. Today Fortune 500 CEOs make 204 times regular workers on average, Bloomberg found. The ratio is up from 120-to-1 in 2000, 42-to-1 in 1980 and 20-to-1 in 1950.
That's all stock options, everybody wins lol. "You get a million, you get a million, you get a million". Tony, I am totally not unsympathetic to your point.... but the answer I don't think is in the government's confiscation and redistribution of wealth as they see fit... because it won't f'ing work. They'll (the government as a machine) will piss it away worse than the private sector ever will. Let market forces work. If Amazon can't hire warehouse employees, the business takes a hit and the stock price falls on the news. Wealth is destroyed. They have no option but to increase wages. They'll figure it out. But then everything goes up in price too, so we are right back where we started. Maybe Judge Smails was right... "The world needs ditch-diggers too".
And thousands gets food stamps and no health coverage.The rich has it good because people like you are happy to pay for thier employees healthcare and food