Drudge Retort: The Other Side of the News
Thursday, June 14, 2018

News Analysis by Hatter5183: In 2017 the Companies in the S&P 500 employed 24 million people. They paid out $419.8 Billion in dividends. Some people on the right look at the tax cuts and celebrate the extra $1.50/week in employees paychecks or the few $1,000 one time bonuses to employees. We only tax profits. Corporate tax rates heavily influence what a company does with "extra" money. When corporate rates were high, they could put more money in their pockets by avoiding taxes and spending the money growing the company. Long term growth was the focus. Now with low corporate tax rates profit taking is cheap. The incentive is in profit taking. The companies in the S&P 500 companies handed out $17,492 PER EVERY EMPLOYEE, the equivalent of $8.74/hr. But not to employees, to shareholders. So when you say we can't afford to raise the minimum wage, that it would break the bank, I say hogwash.

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Those same companies also spent $129.2 Billion or $5,383 PER EMPLOYEE to buyback stock in the 3rd quarter. If we extrapolate to the whole year that is $21,533/employee That means they could have given every employee in the S&P 500 a $39,025 raise instead without affecting their bottom line.

#1 | Posted by hatter5183 at 2018-06-14 09:50 AM | Reply | Funny: 1 | Newsworthy 5

Businesses aren't going to reward employees for their work any more than they have to.

The shareholders deserve those dividend increases they earned them because Jesus and freedom.

#2 | Posted by 726 at 2018-06-14 11:00 AM | Reply

News flash............ all 401k's have money in the market.

#3 | Posted by Sniper at 2018-06-14 11:13 AM | Reply

Those same companies also spent $129.2 Billion or $5,383 PER EMPLOYEE to buyback stock in the 3rd quarter. If we extrapolate to the whole year that is $21,533/employee That means they could have given every employee in the S&P 500 a $39,025 raise instead without affecting their bottom line. - #1 | Posted by hatter5183 at 2018-06-14 09:50 AM
www.xkcd.com

#4 | Posted by Avigdore at 2018-06-14 11:56 AM | Reply


@#3 News flash............ all 401k's have money in the market.

Yup. So what's your point?

That the meager amount of money that the middle class has in retirement accounts somehow offsets the nearly trillion-dollar tax cuts that the Republicans gave to the wealthy?

Instead of your usual bumper-sticker comment, maybe you should look for and post some data that confirms or contradicts the data presented in the cited article.

btw, were you also crowing about all those 401k's when the stock market rose very substantially during the administration of fmr Pres Obama? The S&P500 rose 166% ( www.factcheck.org )

#5 | Posted by LampLighter at 2018-06-14 12:05 PM | Reply

News flash............ all 401k's have money in the market.

#3 | POSTED BY SNIPER AT 2018-06-14 11:13 AM | REPLY |

newsflash All 401(k)s combined own only a fraction of all the stocks

Only 52% of American adults own any stock including all retirement accounts. The top 10% of the population owns 84% of the stocks.

Trickle up has raised that from 77% in 2001

Of those 79% of Americans who get the choice to fund a 401(k), only 41% opt to participate. As such, just 32% of the total workforce is saving in a 401(k).

www.fool.com

#6 | Posted by hatter5183 at 2018-06-14 12:38 PM | Reply | Newsworthy 1

That the meager amount of money that the middle class has in retirement accounts

#5 | Posted by LampLighter

Not my fault lib breath. If you don't want to save for retirement then you are stoopid.

#7 | Posted by Sniper at 2018-06-14 01:36 PM | Reply

Not my fault lib breath. If you don't want to save for retirement then you are stoopid.

#7 | POSTED BY SNIPER AT 2018-06-14 01:36 PM | REPLY

I have 401(k) and a pension. stoopid is thinking what people want to do has any bearing on this. People living paycheck to paycheck because corporations funnel money away from the people who generate it is not a choice of the worker

#8 | Posted by hatter5183 at 2018-06-14 01:45 PM | Reply

Sniper should they go without food for a month or skip putting gas in the car so they can get the work in order to put $150 in their retirement account. You are a self entitled -----. I pray you never have the misfortune to have any of the myriad of things that can render you destitute in a day happen to you. If by chance they do I doubt you will have the insight to thank us liberals for the help you will receive.

#9 | Posted by hatter5183 at 2018-06-14 01:50 PM | Reply | Newsworthy 2

How about they get rid of their $200 a month phone and $200 month cable? $200 a month in aa retirement account would look good after a few years. But you will have to excuse me because I think farther ahead than the next month.

#10 | Posted by Sniper at 2018-06-14 04:24 PM | Reply

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"$200 a month in aa retirement account would look good after a few years."

It would look like $3600.

You are a very poor man.

#11 | Posted by snoofy at 2018-06-14 04:28 PM | Reply

#11 | POSTED BY SNOOFY AT 2018-06-14 04:28 PM | FLAG: Of course only you would assume that an investment account would have no growth associated with it, once again displaying your vast investment acumen.

#12 | Posted by MSgt at 2018-06-14 04:37 PM | Reply

I must have also forgotten that what goes up must come down.

#13 | Posted by snoofy at 2018-06-14 04:42 PM | Reply

@#7 Not my fault lib breath. If you don't want to save for retirement then you are stoopid. ...

So... you have no information to substantiate what you assert.

That's a shame.

#14 | Posted by LampLighter at 2018-06-14 08:02 PM | Reply

Not my fault lib breath. If you don't want to save for retirement then you are stoopid.

#7 | Posted by Sniper

Nothing stoopider than a middle class moron arguing for policies that help the rich screw him over.

#15 | Posted by SpeakSoftly at 2018-06-14 08:19 PM | Reply | Newsworthy 4

How about they get rid of their $200 a month phone and $200 month cable? $200 a month in aa retirement account would look good after a few years. But you will have to excuse me because I think farther ahead than the next month.

#10 | Posted by Sniper

You pay $200 a month for your phone or cable?

You ARE stoopid.

#16 | Posted by SpeakSoftly at 2018-06-14 08:20 PM | Reply

-Businesses aren't going to reward employees for their work any more than they have to.

Correct

#17 | Posted by eberly at 2018-06-14 08:34 PM | Reply

"How about they get rid of their $200 a month phone and $200 month cable?"

Nobody does this. Have you ever lived in the real world?

#18 | Posted by BruceBanner at 2018-06-14 08:40 PM | Reply

"Businesses aren't going to reward employees for their work any more than they have to."

CEO pay "has to" go up way faster than bottom tier worker pay. That didn't happen because a bunch of people who aren't bottom tier workers simply decided to do it. No, it had to happen. The labor market held a figurative gun to their heads.

#19 | Posted by snoofy at 2018-06-14 08:58 PM | Reply | Newsworthy 1

Nothing stoopider than a middle class moron arguing for policies that help the rich screw him over.

#15 | POSTED BY SPEAKSOFTLY

There's a word for that: Quisling

#20 | Posted by PinchALoaf at 2018-06-14 09:03 PM | Reply

I'm sure sniper was referring to phone, cable, and broadband.

I know people who pay $175-$200 for that

#21 | Posted by eberly at 2018-06-14 09:15 PM | Reply

There's a word for that: Quisling
#20 | POSTED BY PINCHALOAF

probably just a uninformed person with social issues.
Capital combines it's resources to leverage its' position...and then hires union busters to prevent labor from deriving fair compensation . this is why rich people are anti labor union. THEY CHEAT

#22 | Posted by ABlock at 2018-06-14 09:19 PM | Reply

Jay Gould said, "I can always hire half of the poor to kill the other half". top 1% equivalent to a 'bug-out bag'

#23 | Posted by ABlock at 2018-06-14 09:23 PM | Reply

Businesses aren't going to reward employees for their work any more than they have to.

#17 | POSTED BY EBERLY

It's stakeholder capitalism (like Costco) vs shareholder capitalism (like Walmart).

Costco pays their employees a living wage with benefits while Walmart's employees are on food stamps and when they get sick they're dumped on the America's safety net system (local ERs) ...

The Coscto model is what America's business and tax policies should be incentivizing, while the Walmart model should be penalized.

America was at it's greatest when middle-class purchasing power drove domestic manufacturing ... just as Henry Ford figured out over 100 years ago.

#24 | Posted by PinchALoaf at 2018-06-14 09:24 PM | Reply

@#3 News flash............ all 401k's have money in the market.
Yup. So what's your point?

Dude. It's sniper.

Without spell check we'd be hard pressed to even know WTF he's talking about.

#25 | Posted by jpw at 2018-06-14 09:25 PM | Reply | Funny: 2

"The Coscto model is what America's business and tax policies should be incentivizing, while the Walmart model should be penalized."

How?

#26 | Posted by eberly at 2018-06-14 09:26 PM | Reply

How profitable is Costco? Compared to Walmart? Not in total dollars but rather as % of sales.

Just curious..... I have no idea

#27 | Posted by eberly at 2018-06-14 09:30 PM | Reply

Not my fault lib breath. If you don't want to save for retirement then you are stoopid.

#7 | POSTED BY SNIPER

Lib breath?

You have to be one of comrade Putin's minions as only a foreigner would say something so stupid.

#28 | Posted by jpw at 2018-06-14 09:31 PM | Reply

I'm sure sniper was referring to phone, cable, and broadband.

I know people who pay $175-$200 for that

#21 | Posted by eberly

Why do you feel the need to defend this moron?

Here's what he said: "How about they get rid of their $200 a month phone and $200 month cable?"

#29 | Posted by SpeakSoftly at 2018-06-14 09:32 PM | Reply

www.google.com

Article on the comparison.

Sounds like Costco business model is working well.

#30 | Posted by eberly at 2018-06-14 09:32 PM | Reply

29

Don't be such a drama queen --------.

I'm not defending him.

It's common sense. I agree it's irrelevant to the larger discussion.

You could have just dismissed it for that as well.

#31 | Posted by eberly at 2018-06-14 09:35 PM | Reply

"I know people who pay $175-$200 for that"

Sure.

But I don't know anybody pays that in lieu of retirement savings, like Sniper claims.

#32 | Posted by snoofy at 2018-06-14 09:47 PM | Reply

How?

#26 | POSTED BY EBERLY

It's all spelled out here ...

Who Stole The American Dream?
youtu.be

#33 | Posted by PinchALoaf at 2018-06-14 09:54 PM | Reply

I'm not defending him.

#31 | Posted by eberly

I'm sure sniper was referring to phone, cable, and broadband.

#21 | Posted by eberly

Who's the -------- here?

#34 | Posted by SpeakSoftly at 2018-06-14 09:57 PM | Reply

Not my fault lib breath. If you don't want to save for retirement then you are stoopid.

#7 | POSTED BY SNIPER

Lib breath??? That's so third grade.

#35 | Posted by LauraMohr at 2018-06-14 10:12 PM | Reply

Speakloaf.....I'm good. Not going there with you guys.

Seriously.....have a good night.

#36 | Posted by eberly at 2018-06-14 10:14 PM | Reply

The shareholders deserve those dividend increases they earned them because Jesus and freedom
726

No, shareholders deserve those dividend increases because they invested / part owners of that company

#37 | Posted by Maverick at 2018-06-16 08:35 AM | Reply

shareholders deserve those dividend increases because they invested / part owners of that company

#37 | POSTED BY MAVERICK

It's stakeholder capitalism (like Costco) vs shareholder capitalism (like Walmart) ...

Who Stole The American Dream
youtu.be

America was at it's greatest was when America's largest corporations and businesses practiced stakeholder capitalism ...

That's when profits were balanced between all stakeholders: ceo's and shareholders, workers and their wages, reasearch & development, and the community.

But since the end of the 1970s America's largest businesses and corporations have practiced Shareholder Capitalism where profits are mostly kept by the CEOs and shareholders with the following results ...

• stagnant workers wages = exploding wealth inequality
• communities hallowed out = Midwestern cities like Detroit and Flint
• dignified labor lost and outsourced = rising healthcare costs/declining health of America's population

Click on the you-tube link, it's well worth the time.

#38 | Posted by PinchALoaf at 2018-06-16 09:49 AM | Reply

#37 - When ALL the wealth is entrusted to the Jebus-Worshipping elite, then in the name of the Lord it will be distributed fairly.

Just ask Mike Pence.

#39 | Posted by getoffmedz at 2018-06-16 09:50 AM | Reply

"No, shareholders deserve those dividend increases because they invested / part owners of that company"

What do the workers deserve? All they invested was their lives.

#40 | Posted by snoofy at 2018-06-16 05:06 PM | Reply | Newsworthy 2

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