...Let's not make this any harder than it needs to be. You can't have a good-paying job without a healthy business. But if you're taxing and regulating businesses to death, you're going to extinguish healthy jobs, millions of them. In other words, business is labor's best friend. And to get the work done and produce, labor is business's best friend. They both work together to benefit the entire country. The Biden approach is just class warfare. That is really their agenda. In a futile effort to redistribute income, they want to tax successful businesses and entrepreneurs. They don't really care about economic growth. They're only interested in these left-wing social policies, violating the American dream, violating American traditions, going all the way back to the founding fathers. They want to punish success. That runs completely against the American dream. One thing about Donald Trump, he understood the need to reward success, not punish it. And if you punish success, you're going to punish the economy.... Read more: https://www.foxbusiness.com/media/kudlow-tears-down-biden-tax-plan-its-just-class-warfare Kudlow is exactly right about what he said today. Biden’s tax increases are unAmerican and contrary to economic common sense. In America we reward labor and effort not punish it. Left wing economic policy is flat out wrong and only hurts workers, the middle class, and small business.
Socialism has never worked anywhere on earth. It’s stupid to try to use tax policy to punish success. CLICK HERE TO WATCH KUDLOW'S FULL MONOLOGUE
So, where is the threshold of taxation and regulation at which success is punished and businesses actually die? Don't forget that Communist China is an economic powerhouse that is rapidly catching up to us, and "socialist" Europe and Scandinavia are generally doing fine also. Faux News is ridiculously biased and partisan, and what I'm seeing here affirms that.
Remember the good ol days when mom stayed home and people had good jobs? Remember how we built an interstate hi way system we struggle to maintain today? What was the tax rate?
This is what we have now: Activision-Blizzard Reports New Layoffs, CEO Reportedly Set to Pocket Enormous Bonus Payout Update 3/19/2021: As laid out in Kotick's 2016 contract, the potentially massive bonus he's set to receive is technically unrelated to the current layoffs, and is instead was laid out five years ago as an additional incentive to "create shareholder value," with Kotick potentially receiving the highest possible amount if Activision-Blizzard's stock price remains above a certain threshold for 90 consecutive days. CtW notes this clause was triggered on March 1, and per Kotick's 2016 contract, a committee will need to review the compensation to determine whether or not he gets the full amount. However much Kotick is awarded, he will not receive it until June 29, 2021. Update: In the wake of news of layoffs at Activision-Blizzard affecting between 50 and 190 employees, it’s being reported that Activision-Blizzard CEO Bobby Kotick could be set to pocket a payout of up to US$200 million based on a stock-related incentive clause in his employment contract. According to Kotaku, union-sponsored pension fund advocacy organization CtW Investment Group has claimed Activision’s currently soaring stock price – which has climbed throughout the pandemic – will see Kotick benefit from the “Shareholder Value Creative Incentive clause” of Kotick’s 2016 employment agreement. This payout would allow Kotick to collect incentive bonuses he missed in previous years. CtW Investment Group alleges this windfall could total up to US$200 million. According to the firm’s website, CtW Investment Group seeks to hold “directors accountable for irresponsible and unethical corporate behavior and excessive executive pay.” https://www.ign.com/articles/activision-blizzard-has-reportedly-laid-off-nearly-190-employees Something tells me higher taxes wouldn't cause these inhuman buttplugs any loss of sleep or employees. They fire people just to make sure their stock value goes up enough to get Bobby Kotick a big, fat bonus.
Employees at Blizzard, maker of 'World of Warcraft' and 'Overwatch,' were reportedly paid so little they were forced to skip meals to pay rent while the CEO made $40 million Aug 4, 2020, 8:36 AM The massive video game publisher behind blockbuster franchises like "Call of Duty" and "World of Warcraft" is facing major internal pushback after employees circulated a salary document that exposed major pay disparities. Some employees at Blizzard Entertainment, which is owned by Activision, said they used free coffee as an appetite suppressant and skipped meals so they could pay rent, according to a new Bloomberg report. Activision CEO Bobby Kotick took home around $40 million last year. https://www.businessinsider.com/activision-blizzard-salary-disparity-issues-2020-8#
