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To: J. P. who wrote (17747)2/24/2004 12:24:16 PM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
How about we raise taxes on corporations? I saw the wild parties that the likes of Tyco, et. al. have. Look at the compensation structure at the top of Cisco. Looks like plenty of excess cash around.

I'm totally with you there. Corps paying the lowest taxes since the 30s as a % of GDP while using the US markets to dump products produced offshore? This has got to go.

But I don't think raising anybody's taxes is enough that is the problem. The numbers don't add up. It looks like we aren't going to have another jobs boom like the 90s again in my lifetime, which is really what is required to get the entitlement mess cleaned up for the baby boom. To make matters worse this FICA tax on workers is anticompetitive, it has to be cut or shifted. I am hoping for a repeal of the medicare drug program, replaced by a new program that opens the market and allows sourcing from anywhere in the world. The country is broke and we can't afford all this welfare anymore.



To: J. P. who wrote (17747)2/24/2004 9:54:48 PM
From: Amy JRespond to of 306849
 
JP, RE: "Look at the compensation structure at the top of Cisco."

Last year, Chambers declined salary and also returned 50% of the stock he was given last year because he felt it was too much pay. Classy guy.

Meanwhile, we've reportedly got Carly who is asking her employees for yet another year of wage freezes, while making no visible show of management's goodwill such as what Chambers did, even a tiny fraction of the goodwill that Chambers did would be a huge thing. Am also concerned HP's moral issues are going to hurt INTC.

Overall, the Valley needs to address what appears to be widespread moral issues in engineering. I've never seem so much gloom here.

Regards,
Amy J