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Oh absolutely, and one of my biggest customers in 1999 was one of those "private phone companies" that was made possible by deregulation. They also allowed me t
by ChuckMcM 8y ago
Oh absolutely, and one of my biggest customers in 1999 was one of those "private phone companies" that was made possible by deregulation. They also allowed me to experience having a customer file for Chapter 7 in the bankruptcy code :-).
But the article that is linked, and which we are commenting on, was specifically calling out AT&T which lobbied strongly for the 2018 Trump "tax cuts" which cut corporate taxes specifically. AT&T argued in favor suggesting that the money they saved in taxes they would invest in building out their fiber and creating "hard hat jobs". The union argues this never happened.
I doubt anyone here was surprised that corporations, receiving a large chunk of cash to the bottom line with a reduced tax burden, did not turn around and dole that out into either infrastructure development nor worker salaries. Rather, it has largely been used to pay one time bonuses to executives or returned through dividend to investors, or just sat upon as these companies are all too willing to do.
I was pointing out that giving someone money and suggesting uses for it that you would like, is less successful than holding on to the money and giving it to them after they show they have done something you would like and then "rewarding" them for that.
For example, adding a corporate tax that would add 1% to the corporations general obligation for each multiple of 100 difference in pay between the executive staff and the non-executive staff, would "reward" them for more equal pay and penalize them for less equal pay.