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Economics Discuss Business Tax Based on Comparison of Top Executive's Pay to Employees’ Pay at the Political Forums; Originally Posted by FrancSevin Decades ago there was a saying, "However goes California so goes the nation." they were referring ...

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Old 11-23-2020, 12:54 PM
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Default Re: Business Tax Based on Comparison of Top Executive's Pay to Employees’ Pay

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Originally Posted by FrancSevin View Post
Decades ago there was a saying, "However goes California so goes the nation." they were referring to style fads for clothing, music and even architecture designs. The California ranch house that dominates subdivions of the time is a good example. We all envisioned California life style with warm sun, Bellbottom pants, bikinis, and beach living. But, it never really came to reality.

Still, I worry that the politics which have ruined the sunshine life of the average California citizen, could enter and infect the states in flyover country.
Colorado, Utah, Arizona and even Texas metro areas, have succumbed.

There is a concentration of wealth in all of these states and the Blue stain of Liberalism seems to follow the money. Houston, San Antonio, Dallas, Denver, Phoenix, all suffer the socialist plague.
Don't forget Nevada, we are almost totally Democrat now in Nevada, that is why I built a house in Utah. Utah is fighting the Democrat infiltration. Hope to become a resident soon.
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Old 11-23-2020, 01:02 PM
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Default Re: Business Tax Based on Comparison of Top Executive's Pay to Employees’ Pay

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Originally Posted by FrancSevin View Post
In my case, if such taxes were invoked, I would have to get a raise to qualify.

Most small business have owners who take from the business, only what they need. I operated in that mode for over 35 years of miserliness, and finally have the success that would allow me to take a large salary. I don't. Far too many younger families depend on our business to meet their dreams.

I'm not special. Contrary to public opinion, it is how many, if not most, businesses operate and thrive. Companies, like GM, who don't,,,, get taxpayer funded bailouts from the Gubmit.
I run my business like you. I have always taken a modest salary, and left the rest in our company money market, from which we paid bonuses and used as working capital. If I had taken everything out of the business and pretended that I was some wealthy upper crust type, I would have went bankrupt during that last recession. I have taken disbursements, but only in good times, and only after bonuses were given to my great employees.
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