So what happened with businesses over the last few decades? I for one believe there is nothing wrong with making a profit, as long as those profits are being used to make a better business or country. It seems in today's society that not only are profits and cash not being used to make the business better, it is being used to make investors and CEO's richer. Even making a profit isn't enough anymore, we have to make more and more profits to increase that value for investors and CEO's, which increases the greed.
One of the big things that is happening is the sending of jobs overseas because it is cheaper. So what is the main reason for doing this? To help reduce the costs so the company can use those profits and cash to help the US? To promote better trade between countries? If companies are making billions of dollars in profits and have tons of cash on hand, why do they need to continue to employ jobs overseas?
We know all about Wal-Mart having jobs overseas but what about a company like Exxon. This company made 30 BILLION dollars in profit last year, has 7 BILLION dollars in cash on hand and yet still sends jobs overseas or uses overseas labor instead of US labor. Alot of the companies within the Forbes Top 500 companies have exported jobs or are using overseas labor. How does a company justify this and at the same time look America in the face and say it is doing what is best for this country and its citizen's?
http://www.cnn.com/CNN/Programs/lou.dobbs.tonight/popups/exporting.america/content.html
Corporations say they are going overseas more because of the tax code in this country which is unfair to businesses. So do corporations think they should not have to pay their fair share of taxes, just like its citizens? Our governments are driven on tax revenue, where do corporations get off thinking they should be exempt from being part of that. I do not think they should be unfairly taxed but at the same time saying that you are doing business outside of the US because of the taxes...that is crap. It is another excuse for doing more business overseas and justifying it to themselves and the people that do not agree with them. Most companies pay little or no taxes each year, they surely do not pay the 35% that they are suppose to. This in turn leaves less money for the states and federal programs. Once again, doing business in this country should be part of helping this country.
http://patriotupdate.com/12622/coke-chief-criticises-us-tax-rules-says-china-more-business-friendly
The stock market is all on paper there really is no tangible output from this business, yet it drives our economy. Do we wonder then why it is so volatile? Companies are asked to estimate earnings and they usually put them so high to attract investors but are they reasonable? A corporation then will do whatever it has to do to make that earnings number, even if it means laying people off unnecessarily or even worse doing something illegal. Should we really use a system that is so volatile to push a company to make unreasonable decisions, even illegal ones, to make a profit? How can something be good when making a profit can still be a bad thing? Recently, Apple announced they made 100 BILLION dollars in sales but still missed their estimates. At the same time, Yahoo announced their sales decreased by 26% but still reached their estimates.
How do we make it so that when a company makes a profit it is good for all stakeholders, not just for the stock holders and CEO's? Maybe we should push to have agencies such as the SEC and IRS to be better funded and hire more staff so they can go after these companies like they should. If these people are not allowed to go after the people who are approving their funding, how can we expect those people to be held up to a standard.
http://www.politicususa.com/en/republicans-taxpayer-money
Maybe the politicians need to talk with the corporations and find out what they need to make this a better country. I believe corporations have a right to a voice about what is best for this country. Of course, at the same time they should also be held to the same standards as its citizen's. I am sure alot of people would say this is a crazy idea, but at the same time, how can we fix the problems of all, if we do not hear everyone's voice.
It might take something so drastic that one person would have to sacrifice themselves for the greater good. What if someone who was laid off from a company for 'financial' reasons, sued that company for unfair dismissal? What would be unfair about it? If that company made a profit, a large profit or had large cash on hand, what would the reason be for making the layoff? If this layoff put that person's job onto someone else which decreased the efficiency of that job, would that not mean they actually did not add value to the company? This would be a tough one to go through but think of the results if they won the case.
Business is based on supply and demand, so who is it that provides the demand for these businesses? So if we drive the demand, how do we not have the power to change the way the system works? Just by you not accepting a $5 fee for your debit card so you move your account to another bank can make a difference that you might not understand.
In the end, there are alot of questions out there that need answers to help fix the issues. These are not all questions that one person can answer, they are questions that need to be answered by the country themselves. Businesses have always been a part of our bottom line society, hell they have been driving it for hundreds of years. I just think somewhere, the greed and corruption has them thinking they are above the country as a whole and they need to be stopped. We have to make them understand that pushing profits and cash to other places besides America is wrong and they should be held as accountable as a citizen who lies, steals or betray its country.
One of the big things that is happening is the sending of jobs overseas because it is cheaper. So what is the main reason for doing this? To help reduce the costs so the company can use those profits and cash to help the US? To promote better trade between countries? If companies are making billions of dollars in profits and have tons of cash on hand, why do they need to continue to employ jobs overseas?
We know all about Wal-Mart having jobs overseas but what about a company like Exxon. This company made 30 BILLION dollars in profit last year, has 7 BILLION dollars in cash on hand and yet still sends jobs overseas or uses overseas labor instead of US labor. Alot of the companies within the Forbes Top 500 companies have exported jobs or are using overseas labor. How does a company justify this and at the same time look America in the face and say it is doing what is best for this country and its citizen's?
http://www.cnn.com/CNN/Programs/lou.dobbs.tonight/popups/exporting.america/content.html
Corporations say they are going overseas more because of the tax code in this country which is unfair to businesses. So do corporations think they should not have to pay their fair share of taxes, just like its citizens? Our governments are driven on tax revenue, where do corporations get off thinking they should be exempt from being part of that. I do not think they should be unfairly taxed but at the same time saying that you are doing business outside of the US because of the taxes...that is crap. It is another excuse for doing more business overseas and justifying it to themselves and the people that do not agree with them. Most companies pay little or no taxes each year, they surely do not pay the 35% that they are suppose to. This in turn leaves less money for the states and federal programs. Once again, doing business in this country should be part of helping this country.
http://patriotupdate.com/12622/coke-chief-criticises-us-tax-rules-says-china-more-business-friendly
The stock market is all on paper there really is no tangible output from this business, yet it drives our economy. Do we wonder then why it is so volatile? Companies are asked to estimate earnings and they usually put them so high to attract investors but are they reasonable? A corporation then will do whatever it has to do to make that earnings number, even if it means laying people off unnecessarily or even worse doing something illegal. Should we really use a system that is so volatile to push a company to make unreasonable decisions, even illegal ones, to make a profit? How can something be good when making a profit can still be a bad thing? Recently, Apple announced they made 100 BILLION dollars in sales but still missed their estimates. At the same time, Yahoo announced their sales decreased by 26% but still reached their estimates.
How do we make it so that when a company makes a profit it is good for all stakeholders, not just for the stock holders and CEO's? Maybe we should push to have agencies such as the SEC and IRS to be better funded and hire more staff so they can go after these companies like they should. If these people are not allowed to go after the people who are approving their funding, how can we expect those people to be held up to a standard.
http://www.politicususa.com/en/republicans-taxpayer-money
Maybe the politicians need to talk with the corporations and find out what they need to make this a better country. I believe corporations have a right to a voice about what is best for this country. Of course, at the same time they should also be held to the same standards as its citizen's. I am sure alot of people would say this is a crazy idea, but at the same time, how can we fix the problems of all, if we do not hear everyone's voice.
It might take something so drastic that one person would have to sacrifice themselves for the greater good. What if someone who was laid off from a company for 'financial' reasons, sued that company for unfair dismissal? What would be unfair about it? If that company made a profit, a large profit or had large cash on hand, what would the reason be for making the layoff? If this layoff put that person's job onto someone else which decreased the efficiency of that job, would that not mean they actually did not add value to the company? This would be a tough one to go through but think of the results if they won the case.
Business is based on supply and demand, so who is it that provides the demand for these businesses? So if we drive the demand, how do we not have the power to change the way the system works? Just by you not accepting a $5 fee for your debit card so you move your account to another bank can make a difference that you might not understand.
In the end, there are alot of questions out there that need answers to help fix the issues. These are not all questions that one person can answer, they are questions that need to be answered by the country themselves. Businesses have always been a part of our bottom line society, hell they have been driving it for hundreds of years. I just think somewhere, the greed and corruption has them thinking they are above the country as a whole and they need to be stopped. We have to make them understand that pushing profits and cash to other places besides America is wrong and they should be held as accountable as a citizen who lies, steals or betray its country.
No comments:
Post a Comment