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After announcing that the majority of its United States employees would receive a $1,000 holiday bonus as a result of the new GOP tax plan, AT&T quietly laid off more than 1,000 employees.
A daily dose of reality for Trump supporters who think the GOP tax plan is going to lead to massive investment in the economy. CEOs claim they will re-invest tax savings, what will do in reality is far less rosy. Take this December study from Yale.
Additionally, respondents expect that the tax plan will incentivize them to provide the GOP’s envisioned economic boost, but, paradoxically, 14 percent of respondents’ companies plan to make large, immediate domestic capital investments if the bill passes.
There is clearly a paradox between words and actions. I wouldn't get my hopes up for anything.
This is really interesting. Thanks for sharing this.
I wonder how many of the 1,000 laid off employees got Christmas bonuses? The bonus was kind of like the kiss of death for those laid off employees, I guess.
On a larger level, this demonstrates the fallacy of believing that the government can control the decisions of corporations.
Things are much more complex than that in the corporate world.
That's why trickle down economics doesn't always pan out the way the "experts" say it will.
A daily dose of reality for Trump supporters who think the GOP tax plan is going to lead to massive investment in the economy. CEOs claim they will re-invest tax savings, what will do in reality is far less rosy. Take this December study from Yale.
There is clearly a paradox between words and actions. I wouldn't get my hopes up for anything.
That's how the telecom industry works.
It's an industry issue.
You don't need certain levels of "real people" when you automate....or one can google one's issue & resolve it as opposed to dealing with any HD tier based out of a 3rd world country, and you can't understand a darn thing they are saying.
COBOL programmers went out to the farm...until Y2K. Went right back to farm after the world didn't end.
The telecom industry hasn't changed no matter who is in office.
Last edited by Informed Info; 01-08-2018 at 11:43 PM..
This is really interesting. Thanks for sharing this.
I wonder how many of the 1,000 laid off employees got Christmas bonuses? The bonus was kind of like the kiss of death for those laid off employees, I guess.
On a larger level, this demonstrates the fallacy of believing that the government can control the decisions of corporations.
Things are much more complex than that in the corporate world.
That's why trickle down economics doesn't always pan out the way the "experts" say it will.
There is no economic theory called trickle down AND the way trickle down is described goes against basic economic premises. Money doesn't trickle down to the people, we see the effects immediately.
It's just a term used by the economic frauds who want to sound clever.
We've had several threads like this where some massive company with 100,000 or 200,000 employees is laying off 500 or 1000 due to restructuring of the business (which is a normal thing)....and they latch onto it out of partisanship.
A company could close down it's VCR manufacturing facilities and you guys would be in here screaming about how it's prooooooooof! lmao.
That's why you see the crap on left wing sites, just like the right uses brietbart etc.
There is clearly a paradox between words and actions. I wouldn't get my hopes up for anything.
OP, this survey was posted earlier and many planned on stock buybacks.
Do you know what that is?
Do you know where the money from the buybacks would go?
TO cite (and bold) the 14% as being the only ones that would add jobs and invest is thus patently false.
To embrace the 14% number one would have to assume that recipients of stock buy back monies are going to do something like set the money on fire or perhaps bury it in a coffee can in their yard?
Is this the same 1,000 people... or is it up to 5,000 people now - 1,000 each for each thread started on this topic?
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