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Bosses pocket Trump tax windfall as workers see job promises vanish

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posted on Jun, 16 2019 @ 09:06 PM
a reply to: RalagaNarHallas

Let me help you out here on your pronouns.

I have tits.

Hope that helped.

posted on Jun, 16 2019 @ 09:07 PM

originally posted by: 3NL1GHT3N3D1

So the story in the OP is fake news? Is this you ignoring information you don't like again? You're good at that.

Its cherry picking data to fit some anti-Trump narrative. The gained 14,000 jobs even if 22,000 positions were also cut. See how that works...They also worked hard to put people into open positions from areas where positions were cut.

I fail to see the wrong here..

posted on Jun, 16 2019 @ 09:18 PM

originally posted by: Willtell
It's always the GOP who always will find an excuse to give the greedy rich more booty...

Lastly, you've suggested many times that the 'record profit' which AT&T are earning is a direct result of Trump's tax cuts, and shedding employees (despite being proven that employee layoffs started in 2011, and staff numbers are increasing).

But here's an article titled "How AT&T Managed to Post Record Profit Margins Amid Intense Wireless Competition". Let's see what it says...

Proving that not all carriers are seeing increased profitability, Verizon... reported Thursday that its wireless services margins contracted from 47.8% a year ago to 45.8% in the second quarter.

That's odd - I thought all of these big conglomerates were reaping in profit from Tump tax cuts? What else does it say?

How did AT&T notch record wireless services Eibtda margins of 50.4% in the second quarter?

"Their acquisition of DirecTV has really helped their churn," Yong suggested. "There are some synergies they are benefiting from."

AT&T noted during its Tuesday earnings call that bundling DirecTV Now and HBO with its unlimited wireless plan has helped it hold onto customers, driving churn -- or the percentage of customers who cancelled service in the quarter -- to a record low of 0.79% among post-paid phone subscribers. "It's a very competitive environment, and why are people staying with us?" CFO John Stephens told investors. "I think in part it's because they like the ability to bundle."

So... AT&T are making record profit by making sound strategic investments such as offering bundles and packages that people actually want, which means they have a record low rate of customers leaving? But, I thought it was the tax cuts???

The carrier's limited subscriber gains of 178,000 post-paid phone customers actually helped margins.

Hang on - so they grew by nearly 200,000 new customers during that time? The time of the tax cuts???

Maybe you should try some basic reading before launching another one of your hysterical TDS threads?

Orange Man Bad!!!

posted on Jun, 16 2019 @ 09:39 PM
a reply to: Lumenari

I doubt it helped much. Last I heard, there were 27 different genders, and 16 of them fit your description.


posted on Jun, 16 2019 @ 10:15 PM
a reply to: Willtell

From what I understand 85% AT&T stocks are owned by pension funds. The rest of the stock is owned by AT&T itself with no shareholder with no one holding more then 1% of the company. Those "profits" that are not being passed on to workers are being passed on retired workers who once worked for the company and those who invested into AT&T through their 401k or state pension or IRA's. Vast majority of that profit is trickling down to shareholders who earn less then $50,000 a year in retirement. Also Trump can't force what companies do with their tax breaks, some companies decided to pass the savings along to the consumer to gain more of the market share of customers. This simplistic view of economics and business is doesn't tell the whole story of reality.
edit on 16-6-2019 by PaladinRoden because: (no reason given)

posted on Jun, 16 2019 @ 11:19 PM

originally posted by: Willtell

originally posted by: Nickn3
Is it possible that high taxes up North is pushing those AT&T jobs to Tennessee and Georgia? Perhaps it’s not corporate greed, but fiscal responsibility. Paying high taxes for no discernible services isn’t responsible.

No, that’s not it.
Big greedy companies for years have been moving to the south where those ignorant hillbillies hate unions.

They tried to get me to go to Tennessee’s 20 years ago at GM. I told them to take a hike.

They are still doing it to get away from unions and people with common sense

They want to go where the biggest slave mentality in America exists…the south.

I have lived on the east coast and in the south. From what I observed, unions have crippled industries and destroyed entire towns due to uncommon greed on the east coast (Caterpillar comes to mind). They also slowed Sandy recovery because they would not let the National Guard in to clear roads of debris and cut felled trees. I was in the Guard at the time and they told us to take a hike. Pathetic. People were out power for days. It should have been hours.

My home in the south, I found a similar home up north for more than 2X the price and not nearly as nice. My point is I live like a king in the south. Good job, cheap costs of living, low taxes. No way I would ever move back to the east coast or up north. The unions drive up costs, make insane demands like wanting 50 an hour for screwing bolts on a Harley seat. Should be making minimum wage for that crap.

posted on Jun, 17 2019 @ 12:01 AM
a reply to: Stupidsecrets

I think that's the whole problem: people are too ignorant to realize they are offered a good deal to come down here, and when they lose their job because of all the costs and outrageous labor prices (not just wages either... all those perks come with a price tag), they get jealous of us "ignorant hillbillies."

The truth is, I've been all over the north and east coast driving a truck. It didn't take long for me to figure out I did NOT want to live there! My property tax is $25 per year. A nice, and I mean NICE home is $150k... if you wait a while, you can get them for $100k. Average house? More like $60k. My grocery bill is about $70 a week for two people, and we eat good. Need a used car? One car dealership has used cars for $1000, running, with a 3-month warranty. I just had a friend move into this area from the Left Coast; the first thing he asked me was, "Are you selling gas here by the half-gallon?"

At those prices, $30k a year goes a long, long way. But get a degree or get some seniority and you can get $60, $80, 100k easily enough. You'll make that $30k just by showing up on time and giving an honest day's work.

The drawbacks? You don't get to tell others what to do. Outside of the cities, there is no zoning and no building codes. Cars don't have to have a yearly inspection in Alabama. If your car is smoking enough so it looks like you're spraying for 'skeeters, you'll get pulled over and told to get it fixed; otherwise no one cares. And we still have clean air! Most people own a gun, but we have lower violent crime than almost any city on the east coast, and a tiny fraction of what goes on in Chicago. Unions are not a big thing, because we really don't need them; if a company wants good people, they have to pay them well to keep them. I consider those pluses.

So the poster you replied to lost his job because he didn't want to give up telling his neighbors what to do. Now, 20 years later, he's bitter. And to make it worse, he's watching other businesses come to the south. Heck, Alabama probably has as many operating auto plants now as Michigan! Their employees make good money, too, without a union taking a cut. So he calls us "ignorant hillbillies" when he's the one acting ignorant: losing his job, and refusing to even try to get a better life while watching his area fall into ruins over some damned idealistic ideology that has never worked in the history of humankind.


posted on Jun, 17 2019 @ 12:06 AM
a reply to: Lumenari

my apologies no offense intended

posted on Jun, 17 2019 @ 12:35 AM

originally posted by: Lumenari
a reply to: Willtell

Meanwhile, in really real world...

Maybe y'all should rethink your ideology and vote in someone that wants to help the worker and not the illegal alien.

Unemployment is low. Tax cuts mean wages are up.

So where's the inflation? Where are the interest rate rises?

Low unemployment and higher wages generate serious inflationary pressure.

Inflation is considered a serious threat to the economy (see what happened in the early 70s) so interest rates go up to temper things a little.

The fact that we have neither tells us two things.

First, that low unemployment may be true on paper but may not in reality. Any jobs created may be temporary and/or poorly paid. You can work out what that means in electoral terms.

Second, that the wage rises are likely to be concentrated among the higher paid, who feed proportionately less back into the economy and reduce the inflationary pressure. Again, you can work out what that means in electoral terms.

Maybe y'all should rethink your ideology and learn to question the assertions behind the anecdotes.

posted on Jun, 17 2019 @ 12:35 AM
Fact is the reason AT&T laid off these workers is they have been looseing customers not by the hundreds or thousands but by the hundreds of thousands. From December 2017- to April 2018 they lost about 400k customers ,it still has not stopped . I was customer of theirs for years ; it was Cingular /ATT that was the late 90s . Gave them the boot after they refused to lower my plan or change it to something lower.

Customer like myself left . I was not going to continue paying 250 for two phone and pay extra for texting . ATT did this to them self 's , Not Trumps Tax Cut. All the long term customers cut the cord and
so this was the result. Again not because of Trump Tax .

I was on a corporate plan and AT&T was giving deep cut rates to new and existing customers, but not corporate customers or Government plans, we paid much more. Att had no plans to lower prices for corporate and government so guess what happened. AT&T lost their bread and butter accounts in a matter of months. In short AT&T was trying to beat T- mobile, AT&T lost . T-Mobile picked up lots of there customers including the U.S Military. Great plans if your active military or a Vet.

Can't believe how people missed reading or hearing about how att was looseing customers at the end of 2017 and into 2018. Made all the MSM nighty news but only for one night. AT&T is still bleeding customers like crazy. AT&T offered me their latest Apple IPhones for free because I was with them for 20 years. Told them bye, bye.

Note if you were ever an att you would also know att completely changed customer service to India and the Ukraine by end 2017. Retention is still in the U.S. Last but not least their stupid Direct TV deal was so costly. I was even offered it for free for a few months if I stayed , then they threw in the free IPhones. lol they still can't give that directV Away . Lol
edit on 17-6-2019 by SJE98 because: (no reason given)

posted on Jun, 17 2019 @ 12:40 AM

originally posted by: Edumakated
It has nothing to do with Trump.

CT is a high tax state and companies have been fleeing to give down south. They've been losing all their financial industry to FL. All the hedge funds and private equity companies have been leaving. The same with large corparate campuses.

CT used to be low tax until about 20 years ago and the chickens are finally coming home to roost.

Just google CT and NJ taxes and companies leaving.

Democrats going to democrat....

Hyperbole aside, of course companies are going to go where taxes and employment protection are low. What does that mean in electoral terms?

posted on Jun, 17 2019 @ 01:10 AM
a reply to: Willtell

Economics and politics. The two things which are related almost as if by accident to one another.

Take the other guy before Trump. Obama or even the bushes and Clinton. I have not noticed any difference as far as jobs are concerned since Bill Clinton was president. It may be because I dont really keep track as of such things. But when they say this or that it has improved or the graphs and charts show this or that, generally sponsored by the people who put them into place.

literally what there saying is this and that, is changing for tit for tat.

Take Trump, he has kept more jobs in America, your story is proof of that. You know why? Because they could have moved to Europe, Asia, India, or even Mexico. But instead they just moved to the least expensive states. There by keeping things in America.

Oh ya! Economics. Or should I just say sectors of business just shuffling around every four years. With Obama you had medical related business growing ballooning really, and others shrinking, and with Trump you have some others expanding while others shrinking, all helped along by policy for a part. But mostly by the times of the day. Because if Clinton was president now instead of Trump or even during Obama, not much would change.

And it may still surprise people that even when Bill Clinton was president which was likely the most expansion of jobs stateside since the 70s. Well it was more due to the inventions and growth of personal PC and said markets more then there political machinations and rules and regulations.

Now a days what do we have? Things like smartphone apps pretty much making certain things obsolete, like the ride sharing apps or even business delivery like amazon or warehouses are switching models to more citizen based type. In fact I dont think i have seen a taxi in years now. But then again, I dont really live in the city to tell how much that has changed.

As for Att&t? Well thats economics for you. Basically Trump gave them and other such business an incentive, with maybe some small clauses. And well a sector of the economy and there fore jobs, grew somewhat. But that incentive given was taken out of the majority of taxes to pay for that sector to move.

So basically socialism was used, to prop up the concept of capitalism. Aint life funny.
As that has been the model for over a hundred years.

I personally would not change a thing, because then the funny would stop. If things work right. Whats funny in that?

But anyways. Tit for tat, the economic model, some call it trickle down, or supply side, but its all the same thing, same with Obama and Bush and everybody else really. So quite literally nothing much has changed in the past hundred years as far as policies and politics are given. Besides the sponsors of the blue team and the red team.

The world changes, policies are just there to help people cope with it.

And off course the rest is what people do best. Shenanigans, and everybody wanting to give themselves raises. No surprise there right? On one side you have the CEO and there constant raises and perks, and then Unions and there constant raises and perks. Also the workers once in a while.

So when it gets to expensive to maintain, you ship location.

Rinse and repeat once the prices and costs of living are driven through the roof in new location. Which is why all across America we have more homeless tent cities now a days, but also the jobs are through the roof, or at least for some. And everybody has charts and graphs to prove there particular points. And why in the least expensive areas you have people living a better life.

I was in Eourope something like 10 years ago, and many of the jobs like IT went overthere. The cost of living is cheaper, so even if they got paid a lot less then what they were paying in America, well they have it way better. But that wont stay so for long now would it. As the only thing humans in large groups are good for is just adding zeros at the end of numbers and creating good times clubs.

That's like economics 101.
Must have charts and graphs to prove theory that you just made up.

But anyways, Trump is as good a president as any, in fact better then some. Though I dont expect him to make miracles. After all the whole system is set up to keep the people who would really effect change as far away as possible. In fact, I would say the chances of something like that happening are astronomical. You would have a better change of winning the lottery over and over in a row then of that happening.

It took Trump himself what? Over 20 years or more to get his foot in the door. And they liked him before he really ran for president, went to all there parties, rubbed elbows with all of them, took selfies with there kids and ect ect. But as soon as he put his hat in that ring.

Oh boy how all that friendliness changed. And still he only got in because the opposition was even more complete turd sandwich then usual.

Oh ya. Astronomical is the right word.

But anyways. Ah! the whole concept of money is bound to make the rich richer and the poor poorer. Its how it works, only money makes money. Its like the preto principal all over again, or as Jesus once said, to those who have, more will be given, and to those who have nothing everything will be taken.

And then off course you get into things like human nature which spawn things like the ISMs, capitalism communism and all that other ilk which were created by necessity based of human nature. All of it literally just hanging by a hair and the whims of change.

Like dew on morning grass, and equally as fragile. In fact much more so, as dew on morning grass will still be long around before this house of cards you all call economy and civilization trips and falls down over its own feet.

posted on Jun, 17 2019 @ 01:23 AM
It’s hilarious when tax cuts gets slammed by some citizens because other citizens won’t hand over the benefits of their lower taxes. Not only is it funny, but it’s perverted, and paints the perfect picture of the dependant class.

posted on Jun, 17 2019 @ 02:01 AM

originally posted by: Bluntone22
a reply to: Willtell

How do corporations that dont pay taxes benefit from a tax cut?

You should probably read up corporations and their unique ability to avoid tax in the first place

posted on Jun, 17 2019 @ 02:44 AM

originally posted by: TheSteppenwolf
It’s hilarious when tax cuts gets slammed by some citizens because other citizens won’t hand over the benefits of their lower taxes. Not only is it funny, but it’s perverted, and paints the perfect picture of the dependant class.

So poor people just don't pay enough into the system, so what's the solution?

posted on Jun, 17 2019 @ 05:18 AM
a reply to: hopenotfeariswhatweneed

Close loopholes, make the system fair, and then make people accountable. Demonizing the rich is too good a vote getter though.

posted on Jun, 17 2019 @ 05:24 AM
a reply to: PaladinRoden

Didn't you get the memo. One company MAYBE did not, so the whole thing is a failure and the country is doomed ... despite 2016-2017 being a record year for US wage growth.

posted on Jun, 17 2019 @ 05:51 AM
The simple issue is that rich people aren’t giving enough of their money to poor people.

So instead of working harder and earning more, now the poor people just want to take the rich peoples money.

And they’ll use communism to do that even though it has never worked out that well.

But you can’t expect poor people to learn from history.

posted on Jun, 17 2019 @ 06:14 AM
a reply to: DBCowboy

What a load of crap, it's the rich that don't learn from history that's why the poor keep having to take it back and create balance. Well sort of anyway because balance is never achieved because the rich greedy pricks have no heart no soul no balance and clearly no idea.

posted on Jun, 17 2019 @ 06:17 AM
a reply to: hopenotfeariswhatweneed

What sort of balance exists with the theft from the wealthy?

It’s equal opportunity, not equal outcomes.

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