Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
That union pension fund in just one state still votes over 5 million shares. And guess what they vote for? Profits!
None of the $27 trillion worth of Joe and Jane Mainstreet's retirement plan investments vote against corporate profits.
Wrong they don't even get to vote, only in elections of boardmembers. They could all vote for social responsibility and the three waltons can out vote them because they own the majority stock options.
So you would also support taxing pensions, 401K's and all other investments at the same rate as income tax held by millions of hard working citizens.
Contrary to what obama and liz warren tell you, average people of modest means also pay the capital gains tax at the same rate as the millionaires.
Why are lefties so concerned with taking what others have struggles, sacrificed and earned?
I do! I also believe it is a natural human order to want to be run by kings, lords and self-proclaimed gods reigning from the shareholder's pulpit and so think corporate taxes ought to be eliminated, giving the people what they really want: Modern serfdom, taxes paid to the provider of all services and the fee collector, which is the State.
Wrong they don't even get to vote, only in elections of boardmembers.
Board members hire, fire, determine the compensation of corporate leadership (including the CEOs you constantly complain about), and approve corporate policy. Shareholders vote for board members. Pension funds and other retirement plans vote their shares for board members who maximize corporate profits. Why? Tens of millions of people depend on those profits to fund their retirement.
Board members hire, fire, determine the compensation of corporate leadership (including the CEOs you constantly complain about), and approve corporate policy. Shareholders vote for board members. Pension funds and other retirement plans vote their shares for board members who maximize corporate profits. Why? Tens of millions of people depend on those profits to fund their retirement.
What about that do you not understand?
And your boardmembers are? The majority stockholders? In your example of walmart most of the boardmembers are waltons and mr duke there CEO. You make it sound like some kind of charitable endeavour that 10 of thousand rely on the money from the shares. That corporate american sits behind closed doors talking about how they are concerned about the retirees pensions etc. No way. They are really only concerned about there profits and the majority stock holders profits.
The problem isnt the retirees or joe and jane that u hide behind.
Joe an Jane are not going to approve of Corps throwing their profits away.
You are correct. Their retirement funding depends on corporate profits. Some here on city-data seem not to comprehend that fact. Not sure why; it's plain as day to anyone with even a smidgen of critical thinking skills. It's either deliberate ignorance, or brainwashing.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
