News for hackers. Stuff that matters.
Re:Labor shortage or terrible jobs? by varispeed on Saturday May 01, 2021 @11:18AM (#27006975)
The need for wage controls is more apparent in the tech industry. If a hypothetical company with 100 employees registers 10 billion profit and apart from CEO and the board employees make 5 figure salaries, then there is something horribly wrong going on. I think we need a regulation that beyond a certain threshold company should redistribute 30% of profits annually among the staff on top of their salaries. There should also be other restrictions - for example I'd vote for complete removal of dividends. Only way to get paid from a company should be by being an employee and getting a salary taxed as everyone else. The rich have so many loopholes, it is crazy that we allow them to get even richer on the backs of the hard working no name people.
Re:Labor shortage or terrible jobs? by conformist on Saturday May 01, 2021 @11:29AM (#27007061)
Making sure that dividends are taxed like other types of income could make sense - not sure how this currently works in the US? Removing dividends all-together? That doesn't seem like a good idea, because why would anyone invest in a business, if there is no potential for future cash flows arising from it? Even companies that don't generally pay dividends have value, because they could. So removing dividends would also require another mechanism to incentivise investing in businesses in the first place?