I wasn’t aware that Disney employees don’t have that same right.
I wasn’t aware that Disney employees don’t have that same right.
Trickle goes Drip Drip wrote:
Last year Disney gave out $1000 one time bonuses citing the Trump tax cuts.
This year? They have reportedly eliminated traditional Christmas bonuses for at least a thousand employees despite all-time high profits of $26 billion.
Yay Trickle down economics!
Trickle down does not mean Christmas bonuses, It means jobs. As companies are more profitable, they can do a few things with the money - pay the owners more (dividends, buybacks), grow the company (more jobs), expand the company (buy other companies).
Disney is concentrating on the later 2. They's stopoed buybacks. They did increase the dividend, but they are mainly concentrating on growing their streaming, and looking to buy Fox. This is where they are "investing" their profits.
A bonus is a bonus. It's not part of the salary. The goal would be to grow the overall business to create more jobs and more value to the owners, employees, and customers - eventually. Plus, they did initiate a plan to raise wages for lower paid workers. That's far better than a bonus.
Capitalism has been the best economic system we've found so far, but it's not about charity, and it's not perfect. At it's best it considers the 3 stakeholders - the owners, the employees, and the customers. At it's worst it just cares about the owners. For the most part, Disney is a company which benefits our society and is a good example of good corporate governance (though no one is perfect).
Seems more companies don't do a Christmas bonus than do. And those bonuses are taxed a lot. They're better off adding that $1k to the salary and having the normal tax rate spread out across the year. But that probably isn't noticeable to the worker because it's not a sudden increase in the paycheck.
Yep.
Not Many Bonuses wrote:
Seems more companies don't do a Christmas bonus than do. And those bonuses are taxed a lot. They're better off adding that $1k to the salary and having the normal tax rate spread out across the year. But that probably isn't noticeable to the worker because it's not a sudden increase in the paycheck.
ummm... nope. Bonus gets taxed same as everythinge else. Yes the IRS will temporarily hold onto a larger portion of it, but you can get that back in about a month if you do your taxes.
Put your money where your mouth is. Stop watching Disney movies like Star Wars. Don't go to Disneyland.
Create your own content on youtube and be a competitor to Disney. Treat your workers fairly, don't be a hypocrite, love thy neighbor, and treat others the way you want to be treated.
Ciro wrote:
dsnbdsfhjbds wrote:
Socialism = The end result is always that everyone is in absolute poverty except the leaders.
Capitalism = some people rich, some people in the middle, some people poor, not many in absolute poverty compared to the above.
Never in human history has there been a lower percentage of the world's population in poverty and capitalism is 100% responsible for the economic success that has driven those conditions. Socialism is fine for a while, until it takes all the money that capitalism has made. After that, everyone is poor and starving.
There's a world of difference between full blown Communism and Social Democracy.
The difference is speed at which everyone becomes poor. In communism it happens very quickly. In social democracy it takes several generations for enough people to figure out that they can just sit around and collect government benefits. When that breaking point is reached, the only possible result is societal breakdown.
LeGuin=triggered+wrong