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Posted by: Beau7890 10 months, 4 weeks ago
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Beau789010 months, 4 weeks ago
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It's too bad the authors didn't give more specific ideas about how to reform business leaders to be more responsible toward their companies' long-term well-being. But they did give a few hints toward the end of the article that might help, if someone could figure out a way to implement them:
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This system -- and the predictably reckless choices made by some of its most powerful players -- has brought our economy to the brink of collapse. To scold business may feel good and may even help move legislation along. But we need much more than a good scolding and limits on sky-high paydays. We need to rethink how American business ought to be run, including changes to fiduciary duties, legal liability, takeover rules and business education, among many other areas.
If the government were to impose the kinds of changes the authors propose--stricter limitations on corporate takeovers; regulations requiring corporate officers to be held liable for actions that are legal but clearly not in the long-term interest of the company; better oversight of business decisions by independent parties; changes in the way stocks are bought and sold in order to promote long-term investment--would proponents of deregulation and free-marketeers say those rules are socialist and block American business' ability to compete in the global market?-
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Beau789010 months, 4 weeks ago
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It sounds like you didn't read the article. (Or my comment, for that matter.)
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You don't have a problem with the fact that corporate America is more focused on quick and easy cash than on its own long-term health? How do you think that affects the economy?
And since you appear to be one of those I expected to call reforming business to focus on the long-range goals "socialism," can you explain exactly why you've come to that conclusion?-
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Endoscopy10 months, 4 weeks ago
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The problem is that you and the authors say that is what is going on. That does not make it so. All corporations are to liberals is GREED at work. You put your blinders on thinking that way. You never look beyond what the vast majority of corporations do. You see only what you want to see. GREED.
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Beau789010 months, 4 weeks ago
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I see. So let me make sure I understand your argument.
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The corporations who are taking government money because they're failing--the ones whose CEO's pay is being capped--are doing something other than lining their pockets?
They're doing an excellent job, in your opinion, and their corporate officers deserve tens of millions?
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cowboygrandpa10 months, 4 weeks ago
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protoham:
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It seems you like thieves as well.
Let see, how about you leave your front door unlocked and allow the slime bag thieves to take what you worked for and earned. They don't want to earn it they want to take what you have.
It is the same way in the stock market right now. This is what you free marketers are saying we should do.
Well I'll tell you what not to bright. Continue to operate in the same way and watch as the American people pull all their funds out and find beter uses for their money.
No investments, no CEO's, because no big businesses any more. No money to make money.
That is a free economy. We don't have to invest. If we don't where will the money come from ???? Large investors over seas ????? Not for long, no reason to continue investing in a country they despise when it is easier to invest over there.
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fsev4110 months, 4 weeks ago
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The founder and CEO of Netflix has the right idea and obviously agrees with President OBama. He says forget about salary caps etc., but raise taxes on the millionaires. And he is one of them. He suggests fifty per-cent at a million and over.
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Endoscopy10 months, 4 weeks ago
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He obviously does not think about what his accountants and lawyers will do for him if that happens. Money goes where the IRS can't tax it and the revenue goes down. JFK understood that principal. He dropped the highest tax rate a lot. Increased revenue. Happens every time. Raise taxes and revenue goes down. Happens every time.
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flyonthewallzz10 months, 3 weeks ago
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http://www.showvoice.com/CorporateTaxVsGDP.html
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Average Percentage of
Corporate Taxes As:
Share of Total Federal Receipts
Share of GDP
1950-59 27.5% 4.8%
1960-69 21.3% 3.8%
1970-79 15.0% 2.7%
1980-89 9.3% 1.7%
1990-99 10.5% 2.0%
2000-09* 9.6% 1.7%
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flyonthewallzz10 months, 3 weeks ago
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http://www.showvoice.com/CorporateTaxVsGDP.html
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Average Percentage of
Corporate Taxes As:
Share of Total Federal Receipts
Share of GDP
1950-59 27.5% 4.8%
1960-69 21.3% 3.8%
1970-79 15.0% 2.7%
1980-89 9.3% 1.7%
1990-99 10.5% 2.0%
2000-09* 9.6% 1.7% -
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flyonthewallzz10 months, 3 weeks ago
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http://www.jobwatch.org/email/jobwatch_20050107.ht...
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With the newly released payroll employment data for December 2004 it is now possible to assess whether the administration's tax cut strategy produced the employment growth that was projected (see table and figure below). The final verdict is grim. Job growth over the last 18 months has fallen short by 1,703,000—more than one-third less than the number of jobs the administration said would be created without the tax cuts.
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