4 ms·

> So the employee should be able to benefit from allocating the company's spending to their card's swipe fees (where said rewards come from), but it's wrong whe

by throwaway19972 2y ago

> So the employee should be able to benefit from allocating the company's spending to their card's swipe fees (where said rewards come from), but it's wrong when the company itself wants to benefit from the swipe fees on their own transactions (via discounted expense software)? Yes, absolutely. There isn't a single profitable corporation on earth that has employees that don't deserve to be compensated more.

kulahan 2y ago
What do you think this means? Companies shouldn't be able to reinvest money into themselves because every extra dollar needs to go to employees? Have you invented some way of determining the correct amount to grow each year as a business? I can't even begin to imagine how this would work in the real world. This makes no sense. The comments on HN are turning into reddit comments with the massive drop in quality lately. The fact that you're on a throwaway reinforces my point quite a bit.
- throwaway19972 2y ago
  > Companies shouldn't be able to reinvest money into themselves because every extra dollar needs to go to employees This wouldn't be called "profit", now would it? Regardless, letting the market dictate as much as it does also doesn't make sense. Neither does trusting investors/shareholders to determine what's best for society. It's all just kind of broken.
  - kulahan 2y ago
    Okay... so you're not asking for any changes at all, then. You just made a comment that vaguely tended towards the idea that employees need more money? Why? If I can just take any money I "should" be giving to employees and absolve myself of that goal simply by spending the money on the company instead, which every publicly-owned company currently does, then nothing has changed. You DO realize things like stock buybacks are done to grow the company, right? Like yes, there is a profit motive there for shareholders, but paying off shareholders could also be classified as growing the company. So again - what are you actually asking for? Please clarify whatever point you're trying to make, because so far, all you've said is "nothing should change".
    - throwaway19972 2y ago
      > every publicly-owned company currently does Let me introduce you to a concept called “dividends” Frankly, I’d love it if we made private enterprise illegal.
      - kulahan 2y ago
        Dividends are a way to attract investors by showing that you are a stable company that can make them money a little faster than normal. It brings more money into the company in the long run and helps investors feel safe with you during times of economic downturn. Companies aren't giving away money for fun - I promise you there's a strategy.

kulahan 2y ago

What do you think this means? Companies shouldn't be able to reinvest money into themselves because every extra dollar needs to go to employees? Have you invented some way of determining the correct amount to grow each year as a business? I can't even begin to imagine how this would work in the real world. This makes no sense. The comments on HN are turning into reddit comments with the massive drop in quality lately. The fact that you're on a throwaway reinforces my point quite a bit.

throwaway19972 2y ago
> Companies shouldn't be able to reinvest money into themselves because every extra dollar needs to go to employees This wouldn't be called "profit", now would it? Regardless, letting the market dictate as much as it does also doesn't make sense. Neither does trusting investors/shareholders to determine what's best for society. It's all just kind of broken.
- kulahan 2y ago
  Okay... so you're not asking for any changes at all, then. You just made a comment that vaguely tended towards the idea that employees need more money? Why? If I can just take any money I "should" be giving to employees and absolve myself of that goal simply by spending the money on the company instead, which every publicly-owned company currently does, then nothing has changed. You DO realize things like stock buybacks are done to grow the company, right? Like yes, there is a profit motive there for shareholders, but paying off shareholders could also be classified as growing the company. So again - what are you actually asking for? Please clarify whatever point you're trying to make, because so far, all you've said is "nothing should change".
  - throwaway19972 2y ago
    > every publicly-owned company currently does Let me introduce you to a concept called “dividends” Frankly, I’d love it if we made private enterprise illegal.
    - kulahan 2y ago
      Dividends are a way to attract investors by showing that you are a stable company that can make them money a little faster than normal. It brings more money into the company in the long run and helps investors feel safe with you during times of economic downturn. Companies aren't giving away money for fun - I promise you there's a strategy.