Let them make profits, it will trickle down
By TheRealDawn
@dawnald (85146)
Shingle Springs, California
March 6, 2013 1:33pm CST
Don't regulate business. Let corporations make political contributions as if they are people. Look at all the new jobs that have been created as a result. This sequester should create even more jobs.
http://www.commondreams.org/view/2013/03/05-4
(Oh, sarcasm alert).
1 person likes this
13 responses
@Taskr36 (13963)
• United States
6 Mar 13
A list of left wing blogs doesn't really make your point. It only shows that you're getting your information from biased websites with reputations for lying.
And somehow it seems that it did...
http://www.washingtontimes.com/news/2013/mar/4/feds-keep-hiring-with-sequesters-in-place/
1 person likes this
@dawnald (85146)
• Shingle Springs, California
6 Mar 13
Blogs? The New York Times?
Anyway, I will believe things are better with jobs when my unemployed friends find one.
@Taskr36 (13963)
• United States
6 Mar 13
I was referring to all the huffington post and thinkprogress articles you posted, not the one New York Times article. Neither of those blogs has any credibility. The New York Times is a short step up from blogs, but on roughly the same level as MSNBC as a propaganda wing for the Obama White House.
The real problem with all these regulations isn't what they do to big business. It's what they do to small businesses. The Walmarts and Starbucks of America have the money, lawyers, and experts to help them comply with, or get around government regulations. Joe Schmo running a small computer shop doesn't have those resources and all it takes to shut him down is one government agent stating that he failed to cross a T on one of his forms. Most big businesses had the resources to weather the recession and come out ahead. Small businesses did not which is why unemployment is still stagnant. Those big businesses are still hiring and their profits are still trickling down. They just aren't creating as many jobs as were lost when their small business competitors closed up shop.
1 person likes this
@dawnald (85146)
• Shingle Springs, California
6 Mar 13
Well I agree that small businesses are being hurt. As for big businesses hiring, the large company that laid off me and a lot of other people sure isn't doing as much hiring as it's cutting.
@Fatcat44 (1141)
• United States
6 Mar 13
What is so hard for people to figure out.
If a company makes money, where are they going to place that money, in a bank account, no. They will invest it back. This investment creates jobs.
Now that shouldn't be too hard to understand. Companies will go to where they make money.
1 person likes this
@Taskr36 (13963)
• United States
6 Mar 13
Even if a company does absolutely nothing, but put it in a bank account, that still helps people. It gives the banks more capital to make loans, creates jobs for bankers, tellers, etc. and any big business reinvests money in the company to open new locations, thus creating new jobs. Every time a big evil Walmart pops up there's going to be plenty of new jobs there.
1 person likes this
@dawnald (85146)
• Shingle Springs, California
6 Mar 13
I say if they were investing it back there would be more jobs.
@bobmnu (8157)
• United States
6 Mar 13
I know of several local business that will not hire even though there is a great demand for their products. The reason is simple they can make money paying overtime to their current employees and stay under the Magic number of 50 employees. If they hire more then there are new regulations that take effect. These regulations are very costly and the break even point is too high to profitably stay in business. What the company did was to not expand and give the current employees more over time. The owner told me that he has one person who's job is to tract and comply with the government regulations. Right now companies with less than 50 employees are exempt for regulations in Obama Care.
What is wrong with making a profit? A person takes a risk with their money and makes a profit that is a good thing.
1 person likes this
@sierras236 (2739)
• United States
7 Mar 13
Wages are powered a lot by the supply and demand. A high demand field with a low level applicants will get a higher wage than a job were there are literally thousands of applicants and not much demand. Wages are down because right now, there is a huge influx of applicants and not a lot of jobs to go around. When the Government gets off of its butt and puts some certainty back in the market that will change.
@dawnald (85146)
• Shingle Springs, California
6 Mar 13
Never said there was anything wrong with making a profit. I do believe that these companies that say "let us make a profit and the money will trickle back down" are mostly lying.
@dawnald (85146)
• Shingle Springs, California
7 Mar 13
Yes, they aren't throwing enough of it back. Wages haven't grown as fast as expenses for most middle and lower class people, and it's hard to survive, while at the same time, the huge corporations are walking off with record profits. Wall street got a bailout, and who is going to bail out the middle class people who lost their jobs, their homes, etc.
@sierras236 (2739)
• United States
6 Mar 13
Yes, I get it is an opinion piece. But there is a difference between blanket regulation and smart regulation. All the Government does is make regulations. Our Founding Fathers were quite smart in that regard, they kept things extremely simple.
There are so many regulations that one person couldn't possibly read it in an entire lifetime.
You can have regulations without placing an undue burden on industry.
1 person likes this
@sierras236 (2739)
• United States
6 Mar 13
Because most companies are making their products overseas for cheaper labor/benefit costs without the added cost of regulations. Case in point, Apple.
1 person likes this
@dawnald (85146)
• Shingle Springs, California
6 Mar 13
Then they aren't suffering an undue burden. They have found a way around it.
@dawnald (85146)
• Shingle Springs, California
6 Mar 13
If they are suffering such an undue burden, why the record profits?
@asyria51 (2861)
• United States
7 Mar 13
Things were finally stabilizing in my neck of the woods. Shops were moving back in, we were starting to see help wanted signs in the stores. This sequester is going to take what little money my high poverty area had in their pockets to spend less, and that trickle down does just that. It is a few pennies for every 100 in breaks big corps get. (no numbers just feeling and opinion)
1 person likes this
@bobmnu (8157)
• United States
8 Mar 13
The sequester is not taking the money, the government is taking your money through taxes. Former Speaker Pelosi said that taxes are a positive way of spending and is good for the economy and that tax cuts are taking money from the government. This lady does not understand that it is not the government money thay are taking it from the people by force.
1 person likes this
@dawnald (85146)
• Shingle Springs, California
9 Mar 13
The threat of force, more like. Force only comes in to play if you refuse to pay...
@mariaperalta (19073)
• Mexico
6 Mar 13
Same things are going bad here in Mexico. Many small companies cant make it any more. its real sad here like in the usa.
1 person likes this
@dawnald (85146)
• Shingle Springs, California
6 Mar 13
The big stores have such an advantage with being able to negotiate lower prices due to bulk purchasing that it's really hard for small businesses to compete. You can't blame people with limited money for shopping for lower prices, but at the same time it hurts small business owners.
@dawnald (85146)
• Shingle Springs, California
7 Mar 13
Yup. I read an article about small businesses coming back, people supporting them in their communities. I hope it's true.
@mariaperalta (19073)
• Mexico
7 Mar 13
yes they do, hard for the small markets here in mx to compete with walmart. Same kind a thing in the usa.
@dawnald (85146)
• Shingle Springs, California
7 Mar 13
One side dug their heels in, and nobody came to an agreement. Sad.
@artemeis (4194)
• China
8 Mar 13
Obviously, people are and have not learn a single bit from the recent economic holocaust where banks and corporations were hiding behind doctored books of numbers which eventually created a huge tsunami that buried ALL of us.
I hope the authorities are doing their jobs here but here's the problem, try teaching old dogs new tricks here. Doesn't sound positive or promising, right? I am sure the excuse would be profits are up and unemployment rate status quo because they've freeze hiring or whatever but will the profits remain the same or increase. I have to be cynical and say NO. I have no faith unless people do their job and not go through the motion.
Corporations like Apple and similar are withdrawing their outsourcing and shifting a good chunk of work back to US. But, I believe a lot of you are asking - where are the jobs right?
So, will somebody wake up and do something?
@dawnald (85146)
• Shingle Springs, California
8 Mar 13
For one thing, when the authorities take huge campaign contributions from corporations, how can they be impartial?
Yes, where are the jobs?
@celticeagle (168256)
• Boise, Idaho
7 Mar 13
That looks great! I certainly hope it continues. New jobs are fabulous. My granddaughter is the only one in the family in the work place now.
1 person likes this
@andy77e (5156)
• United States
8 Mar 13
The problem is, regulating business won't do anything to improve anything.
The most heavily regulated sector if the economy in America today is banking. See how much that helped? By the way, Canada has the least regulated banking sector in the world, and they didn't have ANY bank crashes at all.
And logically, how would that help? If you are running a business, and suddenly the government steps in and dumps 4,000 pages of regulations on your business... how are you going to be helped? How is that going to hire anyone?
As for the political contributions... well that's going to happen whether we regulate or not.
The only difference will be if we know about it. I personally would rather know what contributions are made, than have it be hidden in secret deals.
The problem isn't when you know that Bank of America gives money to Obama. The problem is when you don't know who is giving money to Obama. That's when the scandals happen.
1 person likes this
@dawnald (85146)
• Shingle Springs, California
8 Mar 13
I agree, there should be full disclosure.
It's a catch 22. A business acts unethically. There is an attempt to regulate them to prevent that. both sides come up with a "solution" that is cumbersome and expensive. businesses go elsewhere, cut people or shutdown. but if they had self regulated in the first place, they wouldn't have been forced to deal with all the regulations in the first place.
@andy77e (5156)
• United States
8 Mar 13
Well yes. If we humans were all perfect and never did anything wrong... amazingly life would be better.
Business is full of people. People do wrong things.
I would suggest to you that the regulation of the market will correct that better than government. Enron was brought down by the market. The market found out Enron was faking stuff. The market refused to loan them anymore money. The market ended the Enron deal.
Government only cleaned up the mess after the market figured it out.
Similarly, Bernie Madoff was brought down by the market. The government didn't show up and figure it out. The market kept investigating, kept looking at the numbers and finding the problems.
I know you'll find this crazy, but this is why I support no regulations.
Imagine if you are a business person. You have no regulations. How do you make more money? By making a better product, more products, or cheaper products. So where do you spend your money? On products, by hiring more people to make them, or design them, or market them.
Now imagine if you were a business person with tons of regulations. How do you make more money? By changing the regulations to benefit you. So where are you spend your money? On lobbyists, and congressmen, and PACs and soliciting support for your regulations.
Dupont spent millions to get R-12 refrigerant banned in the name of saving the environment. In reality, the patent for R-12 refrigerant had expired, and dozens of companies were making the R-12 and selling it for a lower price.
Dupont had R-134a, which is both less effective coolant, and more expensive, and more importantly patented exclusively by Dupont. Regulations make rich people richer, and always have.
Why do you think so many businesses are spending money to overturn Obama Care? Because that regulation is costly. It's more effective to spend money hiring lobbyists to over turn that, than to invest in engineers and workers to make products.
1 person likes this
@dorannmwin (36392)
• United States
8 Mar 13
Wouldn't that be wonderful, although I would think that it is definitely not something that is ever really going to happen. We all know that the reason that corporations make political contributions is so that they are able to get political favors. Instead, I think that people should be allowed to make contributions as if they were corporations so that we would be able to buy our own favors from the government.
1 person likes this
@dawnald (85146)
• Shingle Springs, California
8 Mar 13
I think the Supreme court needs to overturn Citizen's United, but I rather doubt that is going to happen.
@topffer (42156)
• France
6 Mar 13
It is an interesting discussion, but I was quite sure that it will turn to a dialogue of the deaf when you started it. The reasons of unemployment are obvious : if there is so much unemployment in our western countries it is indeed because the cost of labor is excessive, the regulations too restricting, and unemployed people are too much on benefit. It is why large companies are forced to go in third world countries where they can make wonderful profits by helping starving people to not die, and you should not see anything else than philanthropy in this behavior. Let's return to the social laws reigning two centuries ago and everybody will be employed in our countries.
@alberello (4752)
• Italy
6 Mar 13
Well jobs in more? Well they are, possibly in Italy where we, as a people we are under an employment crisis without end!
I just opened your link, but I do not I paused to read what was written above.
However, I do not know how is at the moment the employment situation to you, in the USA.
All in all, at least on that side, you can count on to be better than us Italians!
I, 38 years old, no job, no craft, what about my future?
1 person likes this
@dawnald (85146)
• Shingle Springs, California
6 Mar 13
The point being that large companies are making huge profits, but it is not turning the unemployment situation around (quickly enough) in this country.