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Jim "Scumbag" Farley
(lemmy.ml)
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this post was submitted on 17 Sep 2023
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Its called juxtaposition my guy, Ford also spent almost half billion on stock buybacks last year which could have been used to give every Ford Employee a $2500 bonus to share their profits, but instead they used it to buy back stocks...
And buying back the stock has the effect of making the stock price go up. And guess who gets the most stock? The CEO and C suite. They give themselves huge raises by doing this and it's perfectly legal :(
Well see that's a good example. Ford is a profitable business, and should be paying their employees. All I'm pointing out is that the CEO's salary - in the specific example of this business - does not represent a significant proportion of what is being taken from the average employee. That's most likely going to the shareholders.
The CEO's are partially to blame, but more blame lies with the shareholders, and also the legal system that mandates the CEO's act in the interest of the hypothetical worst, most profit-hungry shareholder.
The dividend is only 15 cent a share. It is almost 10%. It should be around 5%.
Personally I think there should be a law you can’t borrow to pay dividends. They must come from cash
Fucking absolutely. But that's a drop in the bucket of financial fuckery that goes on, which is a very big elephant in the room.
It’s a larger part than you think. It’s another part of manipulating the stock.
Companies should be regulated better. They should get tax relief when employees are paid well with good benefits. I don’t care if a company pays taxes as long as the employees are making money. They’ll translate to taxes being collected other ways.
What I can’t stand is all the bullshit waste and games.
I think layoffs should be severely punished by either taxes or forced severance.
I don’t care a ceo makes 20 million but there should be regulations to make sure they’re earning it and not just manipulating things
I mean I personally think income should be tax free up to a relatively high amount. Like 6 figures, minimum. You're giving up your time, in service of a business which itself is in service of society, you shouldn't have to subtract from your reward for that to give more. The business' taxes should be covering that.
We should be heavily taxing investments, the times when people don't actually do anything themselves but pay for things to be done, with the plan of getting money back and giving as little to those that actually did the work as possible. The business owner gives the minimum to their employees and takes all the excess for themselves.
What's needed is a sliding tax scale where employers benefit from giving out higher mean salaries, not median, such that employees and employers both together benefit from the success of the business. If you pay your employees better, up to or maybe a little above the average income, your business gets taxed less. That's the sort of government incentive we should be having.
This…is not a bad take. 🍻
Investments should be taxed little or zero till a certain income is produced from dividends. That’s how retired people live. That’s why certain stocks were called pensioner stocks.
Out whole tax system needs an overhaul. If a company was producing an economic advantage to the community and employees. I have no issue with them not paying taxes. We are getting it through the value they create.
The current model rewards taking from the community.
A 15 cent quarterly dividend on a $15 stock is 1%, not 10%. Ford's annual dividend is about 4% per year.
You’re correct. Different sites show it differently.
https://www.tipranks.com/stocks/f/dividends
They showed the 10% but yes its about 5