JLB in Maryland

A Stimulus Plan to Actually Improve Economy Fundamentals

Steve in Greensboro states, “As a shareholder, I’d rather have a well run innovative company (led by highly compensated execs) that pay 40% on large earnings than 15% on no earnings.

First of all, as a shareholder, this tells you he’s more interested in keeping his stock shares price up. Second, do you really believe that execs pay 40% taxes on their earnings? Not likely with all the tax shelters and loopholes they use to shield their earnings. If every company stopped paying these high salaries and bonuses, where would they go and who would care? And wouldn’t it mean that the products they made would be more affordable to the consumer? This is why they have their products made overseas. To get the price of their product down and keep their salary packages.

Insider man states, “Third, allowing failure teaches great lessons. Although harsh, we must learn the lessons. Sometimes we have to be taught the lesson more than once”. Why do the consumers need to learn this lesson? The companies should be the ones learning the lesson when they go bankrupt and have to fold. Why should the taxpayers be the ones to foot the bill? This is the part that irritates me the most.

Whidbey suggests that we deregulate companies and allow them to run their businesses in ways that will make them profitable regardless of what impact it has on the environment and health of it’s citizens. Sounds like a corporate exec speaking to me. And I don’t see those EU execs causing their companies to go bankrupt and it’s employees getting laid off. Granted they may not be making a lot of money, but at least they make a living and aren’t having their homes foreclosed on.

My opinion, and it is strictly mine, is that we should bring all manufacturing jobs back to the U.S., learn to make quality products, stop the obscene executive pay scales and bonuses, lower the middle class tax rates or eliminate them altogether, at least for a while, raise taxes on people who make more than $250,000 a year, like Obama campaigned on but later reversed, and stop bailing out companies that ran their companies badly to start with. The problem with this country is greed, pure and simple. I don’t know that there is any solution to this problem and I’m sure there are people on both sides of the road as to whether greed is good or bad. I think it is great that people are innovative and entrepreneurial, but when it comes to adversely affecting other people, I think it goes too far and should be stopped. Naturally the rich will disagree with this, but people who have struggled should agree with it.