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senate Bill S. 2514

Should Companies Using Profits for Stock Buybacks Pay Their Employees a ‘Worker Dividend’?

Argument in favor

While stock buybacks benefit companies’ valuations, shareholders, and executives, they don’t necessarily benefit the employees who create value for the companies which is fundamentally unfair. Companies should pay employees a worker dividend to ensure that workers share in their employers’ profits.

JamieD's Opinion
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10/02/2019
Yea. I’m done with companies paying their employees so little that they can’t support their families on a full-time income or they have to use government assistance.
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burrkitty's Opinion
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10/02/2019
Whatever. Can’t we just raise the minimum wage? FFS.
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Michael's Opinion
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10/02/2019
This practice was illegal up until the 80’s. The buyback only benefits the shareholders & CEO, not the people who made it possible
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Argument opposed

Stock buybacks are a healthy part of financial markets that benefit investors, including the more than 50% of Americans who directly or indirectly own stock. That money can then be reinvested or used to start businesses or purchase goods and services — all of which boost the economy.

jimK's Opinion
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10/02/2019
There is a conundrum between what was promised by the tax cuts granted to the wealthiest and to Corporations and the way those ‘cuts’ are being used by Corporations. That is due to the people who sold the public on the need for these cuts and the promises that it would bring better paying jobs. That is on the government and the people who supported these cuts- not on corporations. In general, I feel that the tax cuts for corporations are needed to ensure that they are generally consistent to the rates they would pay in other countries. It will have the long-term effect of bringing back manufacturing and corporate investment in valuable US manufacturing infrastructure. Given the daily uncertainty of what our governmental policies are or will be, the safest use of corporate capital is in the reinvestment of buying back stock to keep shareholders happy and to keep 401K retirement plans growing. We do need to disentangle personal wealth from corporate wealth and drastically increase taxes on the wealthiest. We need to close the legal tax loopholes that enable Amazon to pay no taxes or for trump resort properties to claim farm credits (since they maintain a couple goats in the far extents). trumps daily inconsistent and unpredictable governance by tweet makes it hard for corporations to see returns on the longer-term investments needed to assure that all employees are treated as valued stakeholders. In general, corporations need employees but don’t make them part of the process and employees need corporations but do not know a lot about the laws, restrictions, pressures from shareholders that drive other costs. There needs to be attempts to close the gaps and getting both sides to a common understanding and working together. Some companies do this and their success should be a model.
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Lane's Opinion
···
10/02/2019
Once you take the rose colored lenses off, you realize this is socialism. This is government deciding who gets what and destroying free market. No. We want kess government not more.
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Anthony's Opinion
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10/02/2019
No ! This is typical Leftist thinking taught at some Ivy League schools.There is nothing unfair about stock buy backs. Stock holders are owners who invest capital and take risks including the loss of their entire investment.of losing their investment.Workers do not. Government micro managing businesses is at best,inconsistent with Founding Principles,and at worst,unconstitutional. In the USA, American workers are free to develop and market their skills and labor at a price they determine meets their individual requirements. Business owners are free to take and share business risks and compete in free markets for workers. This is the nature of America’s extraordinary success that results from the individual freedoms and rule of law provided in the Constitution and free market capitalism. Unfortunately,Cory Booker,as a child of privilege,doesn’t understand the fundamental nature and source of his,and our nation’s good fortune.
Like (16)
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    Yea. I’m done with companies paying their employees so little that they can’t support their families on a full-time income or they have to use government assistance.
    Like (63)
    Follow
    Share
    There is a conundrum between what was promised by the tax cuts granted to the wealthiest and to Corporations and the way those ‘cuts’ are being used by Corporations. That is due to the people who sold the public on the need for these cuts and the promises that it would bring better paying jobs. That is on the government and the people who supported these cuts- not on corporations. In general, I feel that the tax cuts for corporations are needed to ensure that they are generally consistent to the rates they would pay in other countries. It will have the long-term effect of bringing back manufacturing and corporate investment in valuable US manufacturing infrastructure. Given the daily uncertainty of what our governmental policies are or will be, the safest use of corporate capital is in the reinvestment of buying back stock to keep shareholders happy and to keep 401K retirement plans growing. We do need to disentangle personal wealth from corporate wealth and drastically increase taxes on the wealthiest. We need to close the legal tax loopholes that enable Amazon to pay no taxes or for trump resort properties to claim farm credits (since they maintain a couple goats in the far extents). trumps daily inconsistent and unpredictable governance by tweet makes it hard for corporations to see returns on the longer-term investments needed to assure that all employees are treated as valued stakeholders. In general, corporations need employees but don’t make them part of the process and employees need corporations but do not know a lot about the laws, restrictions, pressures from shareholders that drive other costs. There needs to be attempts to close the gaps and getting both sides to a common understanding and working together. Some companies do this and their success should be a model.
    Like (40)
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    Share
    Whatever. Can’t we just raise the minimum wage? FFS.
    Like (35)
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    This practice was illegal up until the 80’s. The buyback only benefits the shareholders & CEO, not the people who made it possible
    Like (28)
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    This is a better use of money instead of attempting to control stock prices. Employees across America has not had a decent pay raise in thirty years.
    Like (26)
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    Sure, but also tax the stock market accordingly to begin with, and give workers more power to own their own labors output.
    Like (18)
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    Once you take the rose colored lenses off, you realize this is socialism. This is government deciding who gets what and destroying free market. No. We want kess government not more.
    Like (17)
    Follow
    Share
    No ! This is typical Leftist thinking taught at some Ivy League schools.There is nothing unfair about stock buy backs. Stock holders are owners who invest capital and take risks including the loss of their entire investment.of losing their investment.Workers do not. Government micro managing businesses is at best,inconsistent with Founding Principles,and at worst,unconstitutional. In the USA, American workers are free to develop and market their skills and labor at a price they determine meets their individual requirements. Business owners are free to take and share business risks and compete in free markets for workers. This is the nature of America’s extraordinary success that results from the individual freedoms and rule of law provided in the Constitution and free market capitalism. Unfortunately,Cory Booker,as a child of privilege,doesn’t understand the fundamental nature and source of his,and our nation’s good fortune.
    Like (16)
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    They should be paying their workers livable wages, however most make their profit margins by offering low wages, no benefits, part-time/contractor status. Meanwhile, the company & elite management make money hand over fist. When the company does well, off the backs of its workers, rarely do the workers get any benefit. This law would be a beginning to right this situation & alleviate taxpayer funded welfare we provide to many of our nation’s workers.
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    Easy No on this. Sometimes the worst things in human history come with evil hiding behind good intentions... Less government.
    Like (9)
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    It is not a free market if the government suddenly can decide how and what a company can spend its money on. Were would it end?
    Like (8)
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    Get that idiot Cory Booker and government out of our business.
    Like (7)
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    That’s up to each company to decide.
    Like (7)
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    If you want a dividend from a business then invest your money in that business. If you want a paycheck from a business then work for that business. If you want to direct where a business invests its money then work your way up the executive ladder.
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    Actually workers should be buying stock in the company that they are working for!
    Like (6)
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    Sponsor is Corey Booker, and he is a partisan hack. Would not trust him to walk a liberal dog.
    Like (5)
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    Should people who get a raise be forced to share with their cousins?
    Like (5)
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    This is unconstitutional. Nowhere in the constitution do federal government bureaucrats get to dictate to private business what to do with their money. Actually the constitution was written to protect us from such an abusive government.
    Like (4)
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    How about you leave it up to the company!? It’s their business and their decision to make with their employees. The federal government doesn’t need to be telling companies what to do with their money especially when our elected officials can’t even spend our money responsibly.
    Like (4)
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    Companies should pay workers dividends when stock buybacks occur
    Like (4)
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