Thread regarding Wells Fargo & Co. layoffs

Your anger and hostility at off shore members is misplaced

What do you expect them to do, not take the jobs? Not better their life? Not make a living?

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| 1359 views | | 13 replies (last July 20, 2023) | Reply
Post ID: @OP+1nFbmaO4

13 replies (most recent on top)

Congress can fix this, congress makes tax laws, and tax laws currently reward offshoring.

They will not, but they're the ones that could.

Tax laws are where the power really lies in congress.

That's why you need a fork lift to carry the tax code around in.

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Post ID: @2lke+1nFbmaO4

@opi+1nFbmaO4

Congress doesn't set corporate priorities in any real sense. They provide road blocks that corporations try to avoid, and they accept bribes, I mean, campaigning contributions, but that's about it.

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Post ID: @1iud+1nFbmaO4

If it’s legal and accepted I don’t blame I&P for taking everything provided to them. Not like anyone at wells would turn down opportunities if the roles were reversed. Don’t want to facilitate your loss, whatever, understandable.

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Post ID: @upo+1nFbmaO4

If they take our jobs then get smart and do the job! Learn to speak English. Plug in your brain. Do the job right. Don’t expect us to train you. Figure it out yourself.

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Post ID: @jyr+1nFbmaO4

Whoever is trying to use this to further their pro-Trump political agenda, it was a GOP-controlled congress that made shareholder value the #1 priority of corporations. If you want to blame someone for the efficiency game in modern corporate America, that GOP-controlled Congress is a pretty good starting point.

Guess which side of Congress fights for corporate profits at every turn?

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Post ID: @opi+1nFbmaO4

"Congress needs to heavily tax (with no loopholes) employers that rely on offshore workers."

But muh capitalism!!!

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Post ID: @aap+1nFbmaO4

Long story short, only Congress can fix this. The IRS doesn't create laws. IRS enforces laws.

Congress needs to heavily tax (with no loopholes) employers that rely on offshore workers.

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Post ID: @djd+1nFbmaO4

The offshoring of US jobs increased under Trump compared to Obama:

https://www.bloomberg.com/news/newsletters/2020-10-22/supply-chains-latest-the-hard-data-on-trump-s-offshoring-record

That being said, it's not Presidents who are moving jobs overseas, and foreign workers can't take jobs that aren't offered. You want to be mad? Be mad at corporations.

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Post ID: @wzk+1nFbmaO4

More jobs were offshored under POTUS 45 than any other. Stop blaming the wrong people. It is Big Business that wants this and they contribute greatly to the politics who let them. For many, many years businesses could only deduct offshore expenses from offshore earnings. That rule was changed and it was under any of the three mentioned in the previous post.

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Post ID: @jko+1nFbmaO4

Agree. My experience with WFI counterparts over the past 10 years or so is that they want to a good job and welcome all opportunities to work alongside and partner with us stateside. So they can eventually take it all over? Maybe. But they’ve been much more pleasant than the miserable a-holes stateside that are prob trying to do the same thing..

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Post ID: @pyx+1nFbmaO4

@ykc+1nFbmaO4 - Correction: providing incentives for offshore employment is a Federal Labor Department decision with cooperation of the IRS. It is NOT a congressional decision - it is an AGENDA of the current President - it is similar to the Obama and Clinton policies. Factual history matters. The 45th President immediately removed all policies related to benefitting other countries.

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Post ID: @bcn+1nFbmaO4

Agree 👍 💯 with this post.

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Post ID: @cqy+1nFbmaO4

OP, I was just thinking this yesterday.

Why would anyone think that these people would rather starve etc than take an offshored job?

If you want to be mad, be mad at American Congress for not heavily disincentivizing the offshore practice. Where are Democrats in this? I thought they were the 'party of the people'?

Being mad at the individual worker is silly, and almost explains why you were replaced.

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Post ID: @ykc+1nFbmaO4

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