There is no reason that ginormous corporations should have hundreds of billions in profits, pay no income taxes (and in some cases get corporate subsidies) while their workers collect public benefits.
As for working hard, many of the richest elites either don’t work or don’t have to work at all after they inherited billions from Daddy and pay a special LOWER TAX RATE on their investment profits (capital gains) — whatever portion they fail to protect with loopholes, deductions, exemptions and offshore tax havens that were written by the rich, for the rich and enacted by their bought-and-paid for legislative puppets.
The correlation between “hard work” and becoming wealthy is very tenuous. Many front line factory or farm workers work much harder than those in corporate board rooms. If hard work were the sole measure of wealth, the richest people on the planet would be sub-Saharan African women.
Nobody is forcing these people to work anywhere! At some point in their lives they for what ever reason or excuse maid the wrong choises as I did. Late in life I realised my mistakes and corrected them. I’m 77 was married 40 years help raise 5 children, worked 6, 7 days a week then lost my wife. Saved my money, and paid for a nice home. Still I’m doing very well, thanks to our hard work and ambition!
The average college graduate pays about $5800 more a year in federal taxes than the average high school graduate. Over 30 years, that totals about $172,000. If that’s divided by the 4 years it takes to get a college education, the government would break even if it paid every student $42,000 a year to attend school. This doesn’t even consider that with the degree, the person is less likely to ever need unemployment or welfare, that more students would complete high school if they could see a clear way to a really good job, and that they would be enriching the Social Security and Medicare funds. They would also be paying a larger amount in all other types of taxes. The burger flipping and warehouse jobs could be left to those who are either too stupid or to lazy to want a better life, and they could actually demand a higher salary because there would be fewer of them.The best investment we could make to keep America strong is to not just forgive all student loans but to make all higher education, as long as the student is making decent grades, totally free, and increase the number of schools and teachers to make room for all who can profit from the education. We don’t, even at a time of high unemployment, have so much a lack of jobs as we have a lack of people who have the skills to perform the jobs that are available- in other words, a lack of education.
The warehouse workers are hired by temp agencies and are kept part time so they have no benefits or rights and don’t get paid enough to keep a household running and need food stamps.
Jeff Bezos makes over one hundred million a day and pays no taxes on it.
The whole system is totally out of whack and needs to be reset.
This chickenpoop method of mistreating employees began back in the late ’80’s and early ’90’s. Anyway, I first noticed it at that time when Wells Fargo started making all their branch employees who weren’t managers “part time.” They cut back their hours so they wouldn’t qualify for benefits, then made it clear that you had to work 40 hours or more a week (basically, donate the time between your “part time” status and 40-plus hours) or you’d be fired. It’s long past time for unions to come back in force.
abstract. Amazon is the titan of twenty-first century commerce. In addition to being a retailer, it is now a marketing platform, a delivery and logistics network, a payment service, a credit lender, an auction house, a major book publisher, a producer of television and films, a fashion designer, a hardware manufacturer, and a leading host of cloud server space. Although Amazon has clocked staggering growth, it generates meager profits, choosing to price below-cost and expand widely instead. Through this strategy, the company has positioned itself at the center of e-commerce and now serves as essential infrastructure for a host of other businesses that depend upon it. Elements of the firm’s structure and conduct pose anticompetitive concerns—yet it has escaped antitrust scrutiny.
I am pleased to read the comments about this “comic”. It shows the average mind in this country is still alive and breathing! I hope it stays that way! I will (still) also add…VOTE!
DD Wiz Premium Member over 5 years ago
There is no reason that ginormous corporations should have hundreds of billions in profits, pay no income taxes (and in some cases get corporate subsidies) while their workers collect public benefits.
As for working hard, many of the richest elites either don’t work or don’t have to work at all after they inherited billions from Daddy and pay a special LOWER TAX RATE on their investment profits (capital gains) — whatever portion they fail to protect with loopholes, deductions, exemptions and offshore tax havens that were written by the rich, for the rich and enacted by their bought-and-paid for legislative puppets.
The correlation between “hard work” and becoming wealthy is very tenuous. Many front line factory or farm workers work much harder than those in corporate board rooms. If hard work were the sole measure of wealth, the richest people on the planet would be sub-Saharan African women.
jimchronister2016 over 5 years ago
Nobody is forcing these people to work anywhere! At some point in their lives they for what ever reason or excuse maid the wrong choises as I did. Late in life I realised my mistakes and corrected them. I’m 77 was married 40 years help raise 5 children, worked 6, 7 days a week then lost my wife. Saved my money, and paid for a nice home. Still I’m doing very well, thanks to our hard work and ambition!
NeedaChuckle Premium Member over 5 years ago
Amazon will now pay you to quit. They don’t want anything but human robots.
Diane Lee Premium Member over 5 years ago
The average college graduate pays about $5800 more a year in federal taxes than the average high school graduate. Over 30 years, that totals about $172,000. If that’s divided by the 4 years it takes to get a college education, the government would break even if it paid every student $42,000 a year to attend school. This doesn’t even consider that with the degree, the person is less likely to ever need unemployment or welfare, that more students would complete high school if they could see a clear way to a really good job, and that they would be enriching the Social Security and Medicare funds. They would also be paying a larger amount in all other types of taxes. The burger flipping and warehouse jobs could be left to those who are either too stupid or to lazy to want a better life, and they could actually demand a higher salary because there would be fewer of them.The best investment we could make to keep America strong is to not just forgive all student loans but to make all higher education, as long as the student is making decent grades, totally free, and increase the number of schools and teachers to make room for all who can profit from the education. We don’t, even at a time of high unemployment, have so much a lack of jobs as we have a lack of people who have the skills to perform the jobs that are available- in other words, a lack of education.
Radish the wordsmith over 5 years ago
People who work for Amazon proper, get paid well.
The warehouse workers are hired by temp agencies and are kept part time so they have no benefits or rights and don’t get paid enough to keep a household running and need food stamps.
Jeff Bezos makes over one hundred million a day and pays no taxes on it.
The whole system is totally out of whack and needs to be reset.
casonia2 over 5 years ago
This chickenpoop method of mistreating employees began back in the late ’80’s and early ’90’s. Anyway, I first noticed it at that time when Wells Fargo started making all their branch employees who weren’t managers “part time.” They cut back their hours so they wouldn’t qualify for benefits, then made it clear that you had to work 40 hours or more a week (basically, donate the time between your “part time” status and 40-plus hours) or you’d be fired. It’s long past time for unions to come back in force.
martens over 5 years ago
https://www.yalelawjournal.org/note/amazons-antitrust-paradox
Amazon’s Antitrust Paradox
Lina M. Khan
Antitrust Law • Consumer Law
abstract. Amazon is the titan of twenty-first century commerce. In addition to being a retailer, it is now a marketing platform, a delivery and logistics network, a payment service, a credit lender, an auction house, a major book publisher, a producer of television and films, a fashion designer, a hardware manufacturer, and a leading host of cloud server space. Although Amazon has clocked staggering growth, it generates meager profits, choosing to price below-cost and expand widely instead. Through this strategy, the company has positioned itself at the center of e-commerce and now serves as essential infrastructure for a host of other businesses that depend upon it. Elements of the firm’s structure and conduct pose anticompetitive concerns—yet it has escaped antitrust scrutiny.
Skylark over 5 years ago
I am pleased to read the comments about this “comic”. It shows the average mind in this country is still alive and breathing! I hope it stays that way! I will (still) also add…VOTE!
Radish the wordsmith over 5 years ago
https://www.seattletimes.com/business/amazon/amazon-has-patented-a-system-that-would-put-workers-in-a-cage-on-top-of-a-robot/
superposition over 5 years ago
https://www.businessinsider.com/amazon-ceo-jeff-bezos-liquidates-billions-to-fund-blue-origin-2018-4
https://en.wikipedia.org/wiki/Blue_Origin