Is anyone else's job dependent on a big corporation

[madville]

I am really worried about seeing even more jobs sent overseas, especially mine for that matter. Higher taxes and more regulations will send even more of our jobs to China and India. I'm sure it feels good to stick it to them but we are going to hurt each other and there is little chance any of those jobs will be coming back with the past and current policies. Luckily I do more hands on physical hardware support that they can't outsource immediately, already having to deal with foreign software support on the phone though :(

[Warpy]

1. My livelihood is dependent on corporate profits

which are more and more being embezzled by top management instead of either being invested in the company or paying stockholders.

I want to see much stricter regulation starting with capping executive salaries or instituting a new top tax rate for thieves, penalties instead of tax breaks for offshoring jobs and new tariffs applied to any products whose manufacture has been taken away from this country and given to another.

I want to see the cost of throwing Americans out of work and manufacturing overseas rise to a prohibitive point and yes, I apply that to disappearing office jobs, too.

I don't care if my income goes down. The only way to get it back up again is to employ Americans so that they can afford to buy goods and services that corporations sell.

Business school psychopaths have forgotten we're all connected. They're about to learn that lesson all over again as they keep doing the very things that have crashed this economy and brought so many people so much misery.

They don't know it, but they're next.

[exboyfil]

3. One big step would be to

require proxy votes to only count votes actually sent in. Right now the default is that every proxy not sent in is a vote for the management.

Another step would be to ensure that large pension/mutual fund holders serve on conpensation committees and are more active in their governence. Right now they mostly roll over for management.

[NYC_SKP]

2. Taxes don't force corporations to send jobs overseas, lack of regulation allows it.

An argument that claims that higher taxes makes them behave poorly is specious.

Lack of regulation lets them run wild.

We should not tax them more, we should reward them with lower taxes for keeping jobs here.

Or punish them for sending jobs away, with higher taxes or closed loopholes.

[liberal_at_heart]

5. +1

I agree. It is a lack of regulation that is to blame, not taxes. My husband's work just keeps taking more and more away from its workers every year. Last year there was no bonus. The executives always get their bonuses. It's always the mid and lower level employees that have to make the most sacrifices. This year there is a bonus although we have yet to see how much. However, there is less vacation this year, and they just took the coffee out of the break rooms. I guess they want alot of sleepy and grumpy employees on their hands. The healthcare plans get worse by the year. I'm sick of it. I'm ready to move to the UK or somewhere in Europe.

[Golden Raisin]

4. Yes. I work for a very

large corporation (been there over 20+ years) and constantly feel like I'm balancing on a tightrope. I'm 60 and trying to hang on a few more years till retirement --- if retirement is even possible/feasible anymore with the economy so perilous.

[Touchdown]

6. Yep. Ma Bell.

The evil wiretapper.

So, be nice to me, and don't get my posts deleted. I will find your cellphone location and stream porn on it.:evilgrin:

[Juche]

7. Thank god they make over a trillion in profits, so they can handle it

Corporate profits have gone from about $500 billion in 2001 up to about 1.4 trillion in 2006. Where were the jobs? The 2000-2009 period was the worst for job creation in 70 years.

If tripling corporate profits doesn't create jobs, why would increasing their tax rate eliminate them?

A big part of why jobs are sent overseas is disparities in the tax code and Chinese manipulations of their currency.

If we changed those two things, much outsourcing would stop or slow down. Right now the tax incentives are to outsource, and other nations are engaging in currency manipulations.




Blaming outsourcing on living wages and regulations is a very right wing solution. Better solutions are

1. Changing our tax code to compensate for the fact that the value added tax encourages outsourcing
2. Encouraging/demanding foreign nations improve their environmental, quality control and labor standards so that our products are more competitive.
3. Finding ways to pressure china into not manipulating their currency



Doing those 3 things would save far more jobs than lowering regulations and corporate taxes. Corporations already make over a trillion in profit, where are the jobs?

[mmonk]

8. Don't drink the kool aid

Most U.S. Firms paid no taxes over 7 year span. And deregulation is one of the problems of the current downturn. We have to get people to leave the Reaganomics cult somehow. Jobs leave the US because they are allowed to and actually encouraged to by people on the take in our government. Ever wonder why the corporations don't leave Europe?

[PA Democrat]

9. Thank you!

There is so much misinformation out there on corporate freeloaders. Companies like Goldman Sachs come running to the US taxpayer with their hands outstretched when they need someone to save their greedy asses from the results of criminally risky behavior but then pay little to no taxes.

In 2008, we gave Goldman a $10 billion bailout. In the same year they declared a profit of $2.3 billion after they paid out $4.8 billion in bonuses.

Guess how much they paid in taxes here and in other countries in total? $14 million. That's not a typo, billions in bailouts, billions in bonuses and profits, a paltry $14 million in taxes.

http://www.bloomberg.com/apps/news?pid=20601110&sid=a6bQVsZS2_18

http://rawstory.com/2010/01/lawsuit-goldman-bonuses-bigger-earnings/