If your profits went up dramatically and you didn't meaningfully share those profits with your employees, those profits should be taxed at windfall rates
...by 'windfall rates', I mean Eisenhower-era top marginal rates
...that was actually part of the rationale for high top marginal tax rates at the time; if you were going to pay most of it in tax vs. spending it either on growth or payroll, it turned into a lot of growth and payroll spending.
Companies need to embrace a triple bottom line. Enrichment for shareholders, employees and the communities in which they operate. Our shift to prioritizing only the shareholders has diminished our society.
I think that's a fair critism but we should not mistake our new masters for the old. They didn't take power by doing what was done before. The distinction is important.
Can u do 1 about inflation: as caused by prices rising caused by profit hunting (greed-flation) , as opposed by - what Trump says - caused by government spending
No one is throwing away the ability to distinguish anything in a more nuanced discussion simply by using hyperbole in a meme. Also, ‘A>B’ is always true by necessity under the capitalist mode of production, so the distinction is moot outside of in depth theory, anyway.
I agree with you, and can also see that you're getting too many replies from people who think anything that happens to them is The Worst Thing Ever so they reach for the most derogatory label they can even if it doesn't apply. Fucking drama queens.
Actually, wage theft is where the employer does not pay the employee their agreed-upon wage (whether agreed-upon through government legislation, private negotiation or union negotiation). The employer STEALS the employee's rightful wage.
We are comfortable with CEO's earning 200x's the average wage and bullynaires wealth growing at 16x's the average income earning s, then the government comes along, takes 30% of income to balance thier books while they blow taxes on military and space, offering no health or proper pension plan.
Wage theft is a real thing, it's a serious problem, and you're lying about it.
Thousands of people go unpaid or underpaid, illegally, for the time they worked. It's much more serious than not giving workers raises.
There are several ways to do wage theft. It can be conducted by employers in various ways, among them failing to pay overtime; violating minimum-wage laws; the misclassification of employees as independent contractors; illegal deductions in pay.
All of those are indeed wage theft. Failing to give your employees a (non-guaranteed) raise when your business is booming is not wage theft, it's just shitty.
It's only theft if the workers deserve part of the profits, which they don't since that's not how an employment contract works. It's just being called theft in order to justify theft against the employers.
They get away with it because they keep people from unionizing, and they also buy off corrupt politicians. Can we fix this, you ask? It might when Kamala takes office. Hopefully...
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https://damienmarieathope.com/2024/09/cosmic-egg-world-egg-and-the-mound-of-creation-mountain-of-god-mythology-seen-around-the-world-are-loosely-related/
...by 'windfall rates', I mean Eisenhower-era top marginal rates
who cares if they beg to differ? new boss, same as the old boss
1. be paid the promised wage, or
2. not paid it?
Are these the same or different? Do we want language to distinguish the second from the first?
A. Value produced
B. Compensation promised
C. Compensation paid
Exploited is A>B. Wage theft is B>C. Exploitation is a problem. Wage theft is a problem.
What's gained by throwing away the ability to distinguish them?
it's like "if you think B>C is bad, well then you should also be concerned about A>B"
I can see how the point being implied rather than explicit can be confusing, however.
What Big Bird describes sounds like rent seeking.
I mean this is still bad but I'm pretty sure its conflating terms. Now let me look it up to see if I'm the rube.
No I'm not. I just need to add this includes employee benefits.
See also: tax avoidance for those who can afford to pay tax.
read the hairy germans from the 1840s and organise yourselves kids
Thousands of people go unpaid or underpaid, illegally, for the time they worked. It's much more serious than not giving workers raises.
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