Business, Economics, and Taxes: Capitalism. Yay? >=(

[ScoobyDoo]

Seems more accurate now...

Beautiful work.

[Kepler]

Looooooooooooooooooooooooooooooooong piece on debt.

[MissThundercat]

I wrote this and I'm looking for feedback:

"Dr. Seuss estate doesn't care about your feelings.
Disney doesn't care about your feelings.

Hasbro doesn't care about your feelings.

Rockstar Games doesn't care about your feelings.

Warner Bros doesn't care about your feelings.

Record labels don't care about your feelings.

None of the companies I mentioned have ever been socially conscious. None of the companies supposedly perpetuating "cancel culture" can truly be considered "woke."

What they all care about is money and their perceived image. And the more money we give them, the better they feel. If they look generally better in the public eye, then awesome for them.

For Warner, if it means slapping a "that was then, this is now and we learned better" warning on old Looney Tunes, so be it.

For Rockstar Games, if it means adding more violence to GTA, so be it.

For Disney, if it means killing off Cara Dune, so be it.

For record labels, if it means leaving "if you got beef then bring the ruckus, Wu-Tang Clan ain't nothing to F with" in a song, so be it.

The list goes on."

[St. Clown]

There are very few companies who care about much other than maximizing profits. Often times that means setting up charitable arms of their companies, either running a fund or donating to specific non-profit orgs to give themselves a better public appearance. When it comes to their content, that will entirely depend upon to which market they play. Anybody who thinks otherwise is delusional.

[Kepler]

There are very few companies who care about much other than maximizing profits. Often times that means setting up charitable arms of their companies, either running a fund or donating to specific non-profit orgs to give themselves a better public appearance. When it comes to their content, that will entirely depend upon to which market they play. Anybody who thinks otherwise is delusional.

If you're an officer of a publicly traded company you can be prosecuted for pursuing any other goal than maximizing profits.

[unofan]

If you're an officer of a publicly traded company you can be prosecuted for pursuing any other goal than maximizing profits.

Which is utter horseshiat that's only been applied since the 1980's. Previously, companies recognized 4 constituencies they had to serve; their owners, their employees, their customers, and their community. It was only once the MBAs settled on a theory that owners' interests come before all that we wound up in the current situation.

Frankly, legally, they probably could serve the others' and justify doing so. The problem is the shareholders have the money to take them to court to fight business decisions to the contrary, so officers will still bow down to them out of self-preservation. The risk-reward simply isn't worth it to try anything else.

[Handyman]

It would seem that I will have to file an amended tax return due to the unemployment waiver. Not a super big deal and worth it since it should wipe out what I owe the state and add money to my return. (which they already paid since I filed so quickly)

[psych]

It would seem that I will have to file an amended tax return due to the unemployment waiver. Not a super big deal and worth it since it should wipe out what I owe the state and add money to my return. (which they already paid since I filed so quickly)

Oh, is the first $10,200 for unemployment non-taxable for this year’s taxes? I haven’t filed yet to wait and see how this bill shook it all out.

[BassAle]

If you're an officer of a publicly traded company you can be prosecuted for pursuing any other goal than maximizing profits.

this is why, for example, I'd rather buy clothes from Patagonia than most other large clothing companies. They're incorporated as a Benefit Corporation and have a "legally binding fiduciary responsibility to take into account the interests of workers, the community and the environment as well as its shareholders" (in the case of Patagonia, I believe the shareholders are a family trust. They're not public.). I think around 20 states allow an arrangement like this, which has more legal safeguards than a voluntary "B-Corp" certification (which Patagonia also has).

This is a better form of capitalism, but it requires smaller privately held companies for us to support rather than the large public companies.

[Kepler]

Which is utter horseshiat that's only been applied since the 1980's. Previously, companies recognized 4 constituencies they had to serve; their owners, their employees, their customers, and their community. It was only once the MBAs settled on a theory that owners' interests come before all that we wound up in the current situation.

I did not realize this. Is there a specific case where the rot set in?

[unofan]

I did not realize this. Is there a specific case where the rot set in?

I don't know when the Court cases swung that way, but here's where it started in earnest as a maxim:

https://en.m.wikipedia.org/wiki/Friedman_doctrine

[Handyman]

Oh, is the first $10,200 for unemployment non-taxable for this year’s taxes? I haven’t filed yet to wait and see how this bill shook it all out.

Yes the unemployment had to be from 2020 and is non-taxable on this years taxes.

[Deutsche Gopher Fan]

It would seem that I will have to file an amended tax return due to the unemployment waiver. Not a super big deal and worth it since it should wipe out what I owe the state and add money to my return. (which they already paid since I filed so quickly)

I somehow came out only owing a few hundred on taxes...no idea how but I’ll take it. Feds owe me and I owe Minnesota which isn’t unusual

[Kepler]

I don't know when the Court cases swung that way, but here's where it started in earnest as a maxim:

https://en.m.wikipedia.org/wiki/Friedman_doctrine

I always thought it was forever thus. Law is an artifact created by the rich to **** the rest of us; commercial law 100 times so. A maxim that has been going strong since Hammurabi.

[Kepler]

This is gonna make a great movie.