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Honored Social Butterfly
Honored Social Butterfly

IBM Paid $0 In Taxes Thanks To Trump Tax Cuts.


Now It’s Laying Off 1,700 Employees.


Despite being called the "Tax Cuts and Jobs Act", another corporate giant that benefited handsomely under the tax law is laying off workers as it becomes ever clearer that companies are hoarding their new wealth rather than having it “trickle down” to workers.


IBM announced the lay off despite its stock value increasing 16% this year.


http://labor411.org/411-blog/ibm-paid-0-in-taxes-thanks-to-trump-tax-cuts-now-its-laying-off-1700-em...

 

Stock Buy Backs


On October 30, 2018 the board of IBM authorized $4 billion for use in the company’s stock buyback program. With this new authorization, IBM will have approximately $5.4 billion for its stock repurchase program.


https://newsroom.ibm.com/2018-10-30-IBM-Board-Approves-Quarterly-Cash-Dividend-Authorizes-4-Billion-...

 

 

 

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Honored Social Butterfly

Same greed that happened under G.W. Bush's Tax Cuts that were gonna "Trickle Down". Fool me once , fool me twice ?

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Honored Social Butterfly

Far right fear mongering is how they survive through bought and paid for fox tv and its affiliates. 

 

Obama's gonna take everyone's Guns

Democrats want everyone on Welfare

Immigrant's are full of Murdering MS-13 gangs and the rest will take our Jobs

Etc Etc Etc

 

Those with a lack of education actually believe this crap

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Honored Social Butterfly

Everyone knows those numbers are not the entire story - right?    Well maybe not.   https://theconversation.com/forget-lower-jobs-growth-the-number-of-people-whove-stopped-looking-for-...    I could add, don't be stupid, but.....

PRO-LIFE is Affordable Healthcare for ALL .
Honored Social Butterfly

Fox and Trump Lovers are obsessed with illegal immigrants. They actually believe they're going to Iowa, Ohio, Pennsylvania, Kansas, and other states to take away the jobs and homes of Trump voters. You couldn't make this up if you tried.

 

For them, the biggest problem in the world revolve around illegal immigrants.

Honored Social Butterfly


@CriticalThinking wrote:

Fox and Trump Lovers are obsessed with illegal immigrants. They actually believe they're going to Iowa, Ohio, Pennsylvania, Kansas, and other states to take away the jobs and homes of Trump voters. You couldn't make this up if you tried.

Of course you could - you just did.

 

For them, the biggest problem in the world revolve around illegal immigrants.

 


Not in the world, only on our southern border. As Jeh johnson said,It's a crisis.

 
 
 
 
 
 
And then we have this guy, his name is Obama - "We now have an actual humanitarian crisis on the borer that only underscores the need to drop the politics and fix our immigration system once and for all, In recent weeks we've seen a surge of unaccompanied children arrive at the border, brought here and to other countries by smugglers and traffickers" 

 

 

Honored Social Butterfly

@CriticalThinking  - Well you know, Trump has taken care of that little problem. He now has border agents withhold the ID's of asylum seekers, so now they will be unable to work and "fend for themselves" (that conservative thing) while they await their day in court. That means they will either be confined to the government for-profit shelters or sent to those run by NGOs. He's also floated the idea for placing a special tax on funds that those working here are sending back to their families in Mexico and Central America, and that includes those who are here legally. For Trump, there is nothing like taking from the poor and making their lives as miserable as possible. 

"Music can change the world because it can change people." - Bono
Honored Social Butterfly

ABOUT THOSE JOBS ?

 

People have get their heads around the fact that US jobs didn't go to China, they went to automation.

 

That trend will continue and accelerate.

 

There is no future in the wac a mole of tariffs, the future winner in the competition for national industrial output will be won by who can build the best machines, where those machines are built, and cyber security to prevent innovations from being stolen.  

 

People should realize there are at least two arguments being made, one is jobs for people, and the other is industrial output. In the US manufacturing output has gone up, as manufacturing jobs have declined.

 

We aren't going back to factories full of people, any more then we are going back to fields full of men with scythes.

 

A cheap labor force will become irrelevant, it will be more cost effective to produce in close proximity to demand, and the US is still the best market.

 

We should be investing in the factories of the future, not clinging to the industries of the past.

 

We should be investing in public education though a four year college or journeyman level.

 

We should be investing in family planing and mitigating the effects of poverty.

 

We are failing to plan, and in doing so we are planing to fail. 

 

 

Honored Social Butterfly

Thing about automation is it makes the workers who still have jobs more productive, which, until Reagan meant the remaining job holders' pay increased in accordance with the increase in their productivity. From 1934 until 1970, every dollar gained by the company through increased worker productivity regardless of the source produced a 96-cent increase in worker wages.

 

A big part of the company's decision to raise wages as productivity increased was that if the Management just kept the increase for themselves, they'd have to send the vast majority back to Washington and the State House in higher income taxes. Reagan ended that and allowed the managers to KEEP THE INCREASED PROFITS FOR THEMSELVES, and since 1981, all the increases in real wages have gone to the top 10%, the next 60% managed to keep pace with inflation and the bottom 30% have seen their real income DECREASE.

 

70% of our economy is demand driven - it involves satisfying people's wants and since Reagan, the only people with additional money are those who already had enough to satisfy all their wants, which is why the GDP increases of 4-6% we enjoyed from WWII until 1982 are now 1-3% increases - there's no money in the hands of those with unsatisfied demands to support anything higher.

 

Bottom line: Automation SHOULD be a friend to labor, driving UP wages of those who still have jobs. Repeal the Reagan tax scam, and it will be that way again.

 

Honored Social Butterfly


@Olderscout66 wrote:

Thing about automation is it makes the workers who still have jobs more productive, which, until Reagan meant the remaining job holders' pay increased in accordance with the increase in their productivity. From 1934 until 1970, every dollar gained by the company through increased worker productivity regardless of the source produced a 96-cent increase in worker wages.

 

A big part of the company's decision to raise wages as productivity increased was that if the Management just kept the increase for themselves, they'd have to send the vast majority back to Washington and the State House in higher income taxes. Reagan ended that and allowed the managers to KEEP THE INCREASED PROFITS FOR THEMSELVES, and since 1981, all the increases in real wages have gone to the top 10%, the next 60% managed to keep pace with inflation and the bottom 30% have seen their real income DECREASE.

 

70% of our economy is demand driven - it involves satisfying people's wants and since Reagan, the only people with additional money are those who already had enough to satisfy all their wants, which is why the GDP increases of 4-6% we enjoyed from WWII until 1982 are now 1-3% increases - there's no money in the hands of those with unsatisfied demands to support anything higher.

 

Bottom line: Automation SHOULD be a friend to labor, driving UP wages of those who still have jobs. Repeal the Reagan tax scam, and it will be that way again.

 


There's that crazy idea again - if you raise the boss's taxes, he'll want  to pay his employees more.

Honored Social Butterfly

I recently saw Andrew Yang on a tv program. He was talking about the number of future jobs that will be lost to automation, and how steps must be taken now to deal with it before it becomes a crisis. (Seems we Americans let everything go until we reach crisis mode.) I don't know much about him, but he has some very interesting ideas to consider on a range of topics and issues, but national economics, in particular. He calls it Human-Centered Capitalism. I found this on his website.

https://www.yang2020.com/policies/human-capitalism/

 

And I love his slogan:  Humanity First

 

"Music can change the world because it can change people." - Bono
Honored Social Butterfly

The left is being pro active doing everything they can to enable illegal aliens to enter our country.  This way, when automation eliminates more jobs, the illegal aliens will be used to displace the citizens vying for those few jobs that remain.

Honored Social Butterfly

I love how Trump supporters brag about "his" Unemployment numbers , which went from 4% to 3% , but give NO credit to Obama for reducing Unemployment from (G.W. Bush's) 10% to 4%.

Talk about Delusional !!

 

Honored Social Butterfly


@mandm84 wrote:

I love how Trump supporters brag about "his" Unemployment numbers , which went from 4% to 3% , but give NO credit to Obama for reducing Unemployment from (G.W. Bush's) 10% to 4%.

Talk about Delusional !!

 


"Delusional" is putting it mildly. If unemployment rate was to surge upward, trump supporters would try to be very quiet and hope that it went back down -or- most likely blame it on Obama.


Man learns from history that man learns nothing from history.
Honored Social Butterfly

The Trump administration will be known as the "I told you so" presidency, and not in a good way. 

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