Bonuses and Pay raises? Really?

[epolo]

@k9bfriender

That is absolutely correct, and what I just said. Thank you for repeating my point that, just because a company has increased profits due to the tax cut, they will not decide to share those increased profits out of a sense of loyalty, or love, but only because they have to do that to attract and maintain their workforce.

Seriously, the folks here carping that liberals don’t understand supply and demand seem to have completely lost their own grip on the concept.

Have companies been volunteering to pay more for supplies due to the tax cut? Have they been renegotiating property leases to pay more rent? “No no. I insist. Take more of our money. Since Trump’s tax cuts we’ve got too much.”

Or are they dressing up pay increases that they were planning anyway due to a tight labor market to blow smoke up the ass of the president and Congress? “We’ll help you sell this turd of an economic policy as long as you keep lining our pockets.”
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[Irishman]

@Magiver

Uh huh.
It’s a shame Obama couldn’t ass fuck us with money. All I got out of it was increased health care costs and reduced hours. Clearly lower unemployment and increased wages is an evil plot.

Lower unemployment, increased wages, and a booming stock market are good. However, the ass fucking comes when the national debt goes up at an even faster rate, while health care for many Americans declines or disappears, the national budget starts hitting shortfalls from the massive decrease in corporate taxes, and services (like Medicaid, CHIP, etc) start getting cut because “we can’t afford these programs”.

@D_Anconia

You claimed that the tax cut is financing layoffs, and then tried to use Walmart as an example.

Where’s your cite?

Actually it was Kimberly Clark that stated it was using the tax cuts to pay for layoffs. Cite

@JohnT

Kimberly-Clark, in a moment of honesty, says it will use its tax cut savings to pay for layoffs.

“We also anticipate ongoing annual cash flow benefits from tax reform,” Henry said. “That provides us flexibility to continue to allocate significant capital to shareholders while we also fund increased capital spending and our restructuring program over the next few years.”

@D_Anconia

Businesses don’t owe employees loyalty, let alone “love”. (Nor do employees owe the company).

And yet Walmart seems to be claiming loyalty and love by magically increasing wages and giving bonuses, not because Target and Costco already did, but because the tax changes allowed them the money. While at the same time, closing stores because they don’t have enough money.

[Magiver]

@Irishman

And yet Walmart seems to be claiming loyalty and love by magically increasing wages and giving bonuses, not because Target and Costco already did, but because the tax changes allowed them the money. While at the same time, closing stores because they don’t have enough money.

they’re closing stores because those stores are not profitable. that’s entirely different than paying employees more at stores that ARE profitable.

[Ruken]

How’s that research on tends going?

[Mijin]

I think he’s timing its release to coincide with trump’s investigative team returning from Hawaii and Trump’s IRS audit being wrapped up.

[JohnT]

@Magiver

they’re closing stores because those stores are not profitable. that’s entirely different than paying employees more at stores that ARE profitable.

… or you can use your “tax cut savings” on capital and service improvements at the marginal stores, making them profitable again!