SFBG Radio: A modest (boycott) proposal

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In today's episode, Johnny puts forth a modest proposal. Plenty of big American companies are sitting on piles of cash right now, money they've made in part because they aren't hiring anyone. Of course, businesses don't exist to create jobs, they exist to make money -- but consumers ought to have a say, too. So Johnny suggests that we all boycott big companies that have lots of money on hand, but refuse to spend it in a productive way -- that is, by hiring people. You can listen to his proposal after the jump.

sfbgradio10/6/2010 by endorsements2010

Comments

Absolutely in agreement. If they want to sit on top of all of that cash, let 'em eat it too. Screw 'em: boycotting them sounds like a reasonable suggestion. But even better is bad viral PR.....this is what will really bring them to their knees: they'll be forced to cough up so much cash to "rehabilitate" their image that they'll actually feel the pain that they so deserve to feel.

Posted by Voltmeter on Oct. 06, 2010 @ 4:04 pm

Look, they want to hold on to that kind of cash? Fine by me. But if they want to expand overseas instead of hiring here, well then that's got to come at a cost. Pure and simple, you want to play the game of wage arbitrage, so be it, but you aren't gonna make a nickel. What's that you say? Wages in China are 60% cheaper? Fantastic, we'll tax you for that amount so it all evens out. You want to sell the government some services like payroll? Fantastic! But you're doing it here. Look, between a third to half of all foreign trade is intra-corporate trading, that is from one division or subsidiary to another within the same corporate umbrella. And last time I checked, the US, on average, is at least 45-55% of total corporate earnings of companies within the S&P500. So if they want to sell to us, they have to hire us. Keep the money here. You want a corporate tax rate drop? Well, what have you done for us lately?

Posted by Johnny Venom on Oct. 08, 2010 @ 10:43 pm