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There are several business leaders and business schools in an open letter asking the US Congress for a law mandating a .2% payroll tax deduction to fund paid time off. Good idea or bad?
http://tinyurl.com/qxl9mle
http://tinyurl.com/qxl9mle
Posted 9 y ago
Responses: 4
Each individual organization has different policies, procedures, and benefits. We are a capitalist country and these methods seem to be in line with capitalism. The idea of taxing everyone so others may gain benefits, punishes those who do have the benefit. I am not in favor of this.
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I am always leery when the government gets involved because it will bring in inefficiency and corruption. I think that this says a couple of things. Nothing is free and all benefits require someone to pay. Second, I think this is where the free market comes into play. It costs companies a lot of money to hire and train someone. So they don't want to lose a good employee. So if giving paid leave is a benefit to retain people, it should be up to them to offer that. That is how competition should work.
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I think the point that business leaders are making is that all of this good idea fairly stuff costs money.
Problem is that money would come from the Social Security Trust Fund.
I think there are other ways to encourage businesses to adopt this as a competitive policy rather than throwing money about.
Problem is that money would come from the Social Security Trust Fund.
I think there are other ways to encourage businesses to adopt this as a competitive policy rather than throwing money about.
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