Hey there, it’s Wednesday, November 28th, 2018, 27 days until Christmas. It’s cloudy and windy out, but not terrible- just how I like it. Here’s today’s random thoughts…
Giving Companies Money Does Not, and Has Not Ever Worked
So GM is taking their tax cuts and subsidies and closing a few plants, laying off around 15,000. Who would have ever guessed this? This has never happened before, right? Right?
How many people a company employs basically depends on how many people they need. Corporations don’t hire more people unless they need it. Sure, some sectors of the economy may use some portion of new money to expand their business or do more research, but that is not the norm. Typically, if you hand out tax breaks and subsidies to corporations, the money goes back to shareholders and in bonuses for execs. Tax breaks don’t typically stop corporations from closing factories or outsourcing jobs. Why would they? Their job is to make a profit, not employ the public. They hire to need.
What on earth should we do? How about an actual re-write of the corporate tax code? Make a business’ tax rate relative to their behavior and societal impact. Companies that pay well, offer benefits and pensions, keep the environment clean, allow unions, and do the things we want as a society can pay below the standard rate, because they’re already adding benefit to our society. Companies that pay below a living wage, pollute, outsource, and hurt our public should pay more. It seems simple to me, they’re handing us their bills to pay.
Just a thought…
I Love the Stones, But…
I’ve seen The Rolling Stones four times. I’ve seen them from floor seats, from the last row of old Giants Stadium, in the rain, and inside. They’re one of the greatest live shows you’ll ever see in your life- if you can afford it.
The cheapest nose-bleed seat I saw during today’s “pre-sale” was $163- in any city. I suppose if you’re rich enough, you’d just drop $1,900 to be in the pit, but for the working class fans of the Stones, that’s not happening. $163 to sit all the way upstairs is steep- especially to buy multiple seats.
It’s not exactly a great look for the bad boys of rock n’ roll.
Nancy Don’t Lose
You’ve probably read a lot about how Nancy Pelosi might not be the next Speaker. You may even have read about how she can’t get 218 votes. Don’t over read that.
Nancy Pelosi won today’s Democratic Caucus vote 203-32. She will be the Democratic nominee to be Speaker of the House. Sure, she needs 15 more votes. She’ll get them. You can bank on that.
Cutting it short tonight. More tomorrow.