About unemployment and sick leave; any business accountants or HR here?

[question everything]

As far as I know unemployment insurance is funded by employers, contributing based on some kind of a formula that includes how many former employees filed.

Why not do the same with sick leave? Yes, we can wonder why any business owner would prefer sick employees to come to work, interacting with co-workers, customers and suppliers. Still, I think that it would make sense to follow the method of the unemployment insurance.

Any ideas?

[GitRDun]

1. Sick leave is not mandated by law today.

Not much chance of mandated sick leave getting 60 Senate votes.

[question everything]

2. I know. But I think that if employers would contribute to a general fund

instead of allowing each employee they may be more open to this.

I think that this is what is holding the bill in the House.

[GitRDun]

3. There has been a fundemental cultural shift in this country over decades that needs to be addressed

90% tax rates on really high incomes, no breaks for capital gains, an estate tax fundamentally push wealthy corporations and individuals to reinvest in workers, and the business.

All of the Trump corporate tax breaks went to buying back shares.

Why do they do that? Stock prices are based on earnings per share. If your an executive too lazy to grow your business the old fashioned way (making the earnings higher), you just have some finance tool like me buy back shares. Thus you show earnings per share growth without having to do anything really constructive to benefit shareholders. What's worse most likely they added debt to do it as well, making their balance sheets incapable of surviving this crisis without a bail out.

My guess is any company can set up a deferred compensation plan to benefit employees in times of crisis. The problem is, there is no immediate gratification to executives to do it. The deferred comp would not be deductible until paid to employees.

Our problem is cultural, moral.

These corporate tools have been trained to be self serving and greedy.

That is our culture. It is who we are as a country today.

That is why we have Trump as President.

[Luciferous]

4. Very informative!