Yappi Sports - THE Ohio Prep Sports Authority  

Go Back   Yappi Sports - THE Ohio Prep Sports Authority > General Sports > Debate Forum

Hello Guest!
Take a minute to register, It's 100% FREE! What are you waiting for?
Register Now
Reply
 
Thread Tools Rate Thread Display Modes
  #1  
Old 05-22-18, 09:51 PM
Happygoluckky Happygoluckky is offline
All World
 
Join Date: 11-29-14
Posts: 2,662
Happygoluckky is on a distinguished road
Hey Harley Davidson worker----you have been Trumped

Recent evidence suggests that workers aren't getting much benefit from 2017's corporate tax cuts, and Harley-Davidson (HOG) looks like a prime example of employees getting left out in the cold.

The Republican tax law slashed the corporate rate to 21 percent from 35 percent, leading proponents to contend companies would use the windfall to increase their investments in labor or business expansions. That playbook isn't panning out so far.

After getting its taxes lowered, Harley-Davidson has announced a plant closing with the loss of 800 jobs, and it's buying back hundreds of millions of dollars worth of its outstanding shares.

By Vox's telling, the Wisconsin motorcycle manufacturer illustrates a pattern across Corporate America since tax cuts were enacted: Companies and shareholders profit, but workers see little gain.

Making it a harder pill to swallow for Harley-Davidson employees, perhaps, is they've been hearing predictions from politicians of a big business expansion that would secure jobs.


https://www.cbsnews.com/news/harley-...after-tax-cut/
Reply With Quote
Sponsored Links
  #2  
Old 05-22-18, 09:58 PM
Happygoluckky Happygoluckky is offline
All World
 
Join Date: 11-29-14
Posts: 2,662
Happygoluckky is on a distinguished road
How are the Carrier workers doing??

https://www.popularmechanics.com/tec...ld-trump-jobs/
Reply With Quote
  #3  
Old 05-22-18, 09:59 PM
cabezadecaballo cabezadecaballo is offline
All Yappi
 
Join Date: 10-06-12
Location: over here
Posts: 32,557
cabezadecaballo will become famous soon enough
uhhh, well........I'm no Wilber Buffer, but maybe this is meaningful ?

https://www.marketwatch.com/story/ha...ues-2018-01-30

Quote:
Harley-Davidson Inc. on Tuesday reported its fourth straight year of declining sales as the Milwaukee motorcycle maker struggles to get more riders on Hogs.

Harley's motorcycle-related revenue fell 6.8% in 2017 to $4.92 billion, as retail sales continued to suffer in the U.S. and around the globe. Analysts polled by Thomson Reuters had expected revenue of $4.88 billion.

Shares of the company fell 4.7% in premarket trading to $52.70.

Harley-Davidson said its global retail motorcycle sales fell 6.7% in 2017, compared with the prior year, with U.S. sales down 8.5% and international sales declining 3.9%.

Harley said it shipped 144,893 motorcycles in the U.S. in 2017, a drop of 10% from the year before.

Harley-Davidson said it would close its assembly plant in Kansas City and merge its operations into its plant in York, Pa. The company expects to incur restructuring costs of $170 million to $200 million and expects to spend about $75 million in related capital investments over the next two years. After 2020, the company expects the moves to save about $65 million to $75 million of cash annually.
This article was from January. The layoffs were publicized in 2017.


Cherry-pickin'
Reply With Quote
  #4  
Old 05-22-18, 10:19 PM
Arrogate Arrogate is offline
All World
 
Join Date: 12-27-16
Location: Not in Price Hill
Posts: 4,888
Arrogate is on a distinguished road
Quote:
Originally Posted by cabezadecaballo View Post
uhhh, well........I'm no Wilber Buffer, but maybe this is meaningful ?

https://www.marketwatch.com/story/ha...ues-2018-01-30



This article was from January. The layoffs were publicized in 2017.


Cherry-pickin'
Boom
Reply With Quote
  #5  
Old 05-22-18, 10:20 PM
Happygoluckky Happygoluckky is offline
All World
 
Join Date: 11-29-14
Posts: 2,662
Happygoluckky is on a distinguished road
Why the large share buyback and immediate investment in plants overseas? #MAGA
Reply With Quote
  #6  
Old 05-22-18, 10:23 PM
Arrogate Arrogate is offline
All World
 
Join Date: 12-27-16
Location: Not in Price Hill
Posts: 4,888
Arrogate is on a distinguished road
Just gonna skip that at least be good at trolling
Reply With Quote
  #7  
Old 05-22-18, 10:24 PM
cabezadecaballo cabezadecaballo is offline
All Yappi
 
Join Date: 10-06-12
Location: over here
Posts: 32,557
cabezadecaballo will become famous soon enough
lol
Reply With Quote
  #8  
Old 05-22-18, 10:27 PM
Happygoluckky Happygoluckky is offline
All World
 
Join Date: 11-29-14
Posts: 2,662
Happygoluckky is on a distinguished road
Harley-Davidson's decision to close its Kansas City plant and add jobs in York County is drawing criticism in a new Vox report.

The news and opinion website is taking issue with the company accepting a tax break, cutting 350 jobs and then giving money to shareholders.

As previously announced, Harley-Davidson is slashing 800 jobs when it closes its Kansas City plant by fall 2019. Some 450 full-time, casual and contractor positions will be added at the Springettsbury Township facility in York County, yielding a loss of 350 jobs overall.

More: York County wins 450 jobs as Harley-Davidson moves Kansas City work to Springettsbury

Days after Harley-Davidson announced the plant closure and cuts, the company announced a $696 million dividend increase and stock buyback plan.

That was after the company revealed plans to open a plant in Thailand and took a corporate tax cut from 35 percent to 21 percent.
Reply With Quote
  #9  
Old 05-22-18, 10:29 PM
cabezadecaballo cabezadecaballo is offline
All Yappi
 
Join Date: 10-06-12
Location: over here
Posts: 32,557
cabezadecaballo will become famous soon enough
tldr
Reply With Quote
  #10  
Old 05-23-18, 01:25 AM
winbypin winbypin is offline
All Yappi
 
Join Date: 09-12-06
Posts: 9,164
winbypin is on a distinguished road
Lol. Happy is dumb AND desperate.
Reply With Quote
  #11  
Old 05-23-18, 05:58 AM
Taco MacArthur Taco MacArthur is offline
All World
 
Join Date: 03-14-17
Posts: 4,103
Taco MacArthur has a little shameless behaviour in the past
Can't think of even a half-azzed response so he just quotes another article without citing. What a loser
Reply With Quote
  #12  
Old 05-23-18, 06:21 AM
Happygoluckky Happygoluckky is offline
All World
 
Join Date: 11-29-14
Posts: 2,662
Happygoluckky is on a distinguished road
Itís a pattern thatís played out over and over since the tax cuts passed ó companies profit, shareholders reap the benefits, and workers get left out. Corporate stock buybacks hit a record $178 billion in the first three months of 2018; average hourly earnings for American workers are up 67 cents over the past year. Harley-Davidson is an American symbol, and President Trump has trotted it out as an example of business success. But as itís getting its tax cut, itís outsourcing jobs and paying shareholders.
The tax cuts arenít saving jobs at Harley-Davidson

It wasnít just Ryan who made promises to Harley-Davidson. Trump in February 2017 met with Harley-Davidson executives and union representatives at the White House. He thanked the company for building in America and predicted its operations would grow.

ďI think youíre going to even expand ó I know your business is now doing very well, and thereís a lot of spirit right now in the country that you werenít having so much in the last number of months that you have right now,Ē Trump said. He added that impending changes to ďtaxing policies,Ē health care, tariffs, and trade would only make things better.

https://www.ydr.com/story/news/2018/...ort/633723002/
Reply With Quote
  #13  
Old 05-23-18, 06:51 AM
Taco MacArthur Taco MacArthur is offline
All World
 
Join Date: 03-14-17
Posts: 4,103
Taco MacArthur has a little shameless behaviour in the past
More links because he can't think of a rebuttal.
Reply With Quote
  #14  
Old 05-23-18, 06:52 AM
Termite2 Termite2 is offline
All Yappi
 
Join Date: 07-11-03
Location: North Sycamore Twp
Posts: 14,816
Termite2 will become famous soon enough
FYI Harley had plans to close the KC plant in 2015.
Harley decided to open a plant in Thailand in jan 2018 after the steel tariffs were announced.
Thailand has a 60% tariff on imported motorbikes, SE Asia is one of the few areas that Harley has increased sales, Thailand is a member of a SE Asia trade agreement where motorbikes made in Thailand are not subject to the 60% tariff among members.

Option #1 do not build in Thailand, sell bikes from the USA with a 60% tariff
Option #2 build a plant in SE Asia and sell bikes without a tariff in SE asia


Which option will increase sales and make money?
Reply With Quote
  #15  
Old 05-23-18, 06:59 AM
Happygoluckky Happygoluckky is offline
All World
 
Join Date: 11-29-14
Posts: 2,662
Happygoluckky is on a distinguished road
Yes...despite the Presidents simplistic speeches Harley Davidson is closing US plants. The tax cuts did little to help American workers at places like Harley and Carrier despite the president yapping about it on the campaign trail.
Reply With Quote
  #16  
Old 05-23-18, 07:00 AM
EagleFan's Avatar
EagleFan EagleFan is offline
Scatologist
 
Join Date: 03-04-02
Location: Ohio
Posts: 21,510
EagleFan will become famous soon enoughEagleFan will become famous soon enough
What's wrong with giving money to shareholders?
Reply With Quote
  #17  
Old 05-23-18, 07:04 AM
Happygoluckky Happygoluckky is offline
All World
 
Join Date: 11-29-14
Posts: 2,662
Happygoluckky is on a distinguished road
Nothing. Good for me personally. It is just contrary to what he stumps on. The BASE is getting played and the 1 and 01 percent are spiking the ball.
Reply With Quote
  #18  
Old 05-23-18, 07:07 AM
Termite2 Termite2 is offline
All Yappi
 
Join Date: 07-11-03
Location: North Sycamore Twp
Posts: 14,816
Termite2 will become famous soon enough
Quote:
Originally Posted by Happygoluckky View Post
Yes...despite the Presidents simplistic speeches Harley Davidson is closing US plants. The tax cuts did little to help American workers at places like Harley and Carrier despite the president yapping about it on the campaign trail.
The tax cuts makes doing business in the US more attractive. There should be a 0% income tax on businesses, the income tax is collected from the shareholders taxes.
Reply With Quote
  #19  
Old 05-23-18, 07:11 AM
Happygoluckky Happygoluckky is offline
All World
 
Join Date: 11-29-14
Posts: 2,662
Happygoluckky is on a distinguished road
Quote:
Originally Posted by Termite2 View Post
The tax cuts makes doing business in the US more attractive. There should be a 0% income tax on businesses, the income tax is collected from the shareholders taxes.
At a much lower rate than the workers in the plant....but that is a conversation for a different thread.
Reply With Quote
  #20  
Old 05-23-18, 07:16 AM
Username1 Username1 is offline
All American
 
Join Date: 09-13-17
Posts: 2,461
Username1 is on a distinguished road
Cabe stood in front of Happy and cracked him upside his head with his dck.
Reply With Quote
  #21  
Old 05-23-18, 07:18 AM
Indiandad Indiandad is offline
All World
 
Join Date: 07-28-16
Posts: 2,952
Indiandad is on a distinguished road
Quote:
Originally Posted by Happygoluckky View Post
Nothing. Good for me personally. It is just contrary to what he stumps on. The BASE is getting played and the 1 and 01 percent are spiking the ball.
Unemployment is at 3.9%.

Wages are up .74/hr in the last year.

More people working, workers making more money.
Reply With Quote
  #22  
Old 05-23-18, 07:25 AM
Indiandad Indiandad is offline
All World
 
Join Date: 07-28-16
Posts: 2,952
Indiandad is on a distinguished road
Quote:
Originally Posted by Happygoluckky View Post
At a much lower rate than the workers in the plant....but that is a conversation for a different thread.
Not necessarily true.
Reply With Quote
  #23  
Old 05-23-18, 07:34 AM
zeeman zeeman is offline
All Yappi
 
Join Date: 10-22-11
Location: in a galaxy far far away
Posts: 6,609
zeeman is on a distinguished road
The Dem platform has no answers, what are they going to run on? Hey we will raise your taxes? Hey the economy sucks so let us pump it up with more regulations and tax increases? Hey, we should be soft on Iran and NK? Hey we should all love MS 13 because they are human beings after all and have some goodness in them? The Dems have become a joke and people are reacting in the appropriate way. It's the economy stupid!
Reply With Quote
  #24  
Old 05-23-18, 07:41 AM
Hammerdrill Hammerdrill is offline
All American
 
Join Date: 01-28-13
Posts: 1,732
Hammerdrill is on a distinguished road
Household incomes highest in 50 years

https://www.investors.com/politics/e...nomy-optimism/
Reply With Quote
  #25  
Old 05-23-18, 07:46 AM
zeeman zeeman is offline
All Yappi
 
Join Date: 10-22-11
Location: in a galaxy far far away
Posts: 6,609
zeeman is on a distinguished road
Quote:
Originally Posted by Hammerdrill View Post
Household incomes highest in 50 years

https://www.investors.com/politics/e...nomy-optimism/
Yeah, but Russians and Stormy
Reply With Quote
  #26  
Old 05-23-18, 08:19 AM
TylerDurden TylerDurden is offline
All Yappi
 
Join Date: 10-12-01
Posts: 15,409
TylerDurden is on a distinguished road
Quote:
Originally Posted by Happygoluckky View Post
Yes...despite the Presidents simplistic speeches Harley Davidson is closing US plants. The tax cuts did little to help American workers at places like Harley and Carrier despite the president yapping about it on the campaign trail.
You have no idea of knowing what affect the tax cuts had or will have on workers at the places you mentioned. You're engaging in some seriously flawed logic.
Reply With Quote
  #27  
Old 05-23-18, 08:20 AM
TylerDurden TylerDurden is offline
All Yappi
 
Join Date: 10-12-01
Posts: 15,409
TylerDurden is on a distinguished road
Quote:
Originally Posted by Indiandad View Post
Unemployment is at 3.9%.

Wages are up .74/hr in the last year.

More people working, workers making more money.
I'm just happy we have real unemployment numbers now.
Reply With Quote
  #28  
Old 05-23-18, 08:31 AM
Buck_98 Buck_98 is offline
All Ohio
 
Join Date: 02-09-16
Location: Tir Na Nog
Posts: 717
Buck_98 is on a distinguished road
Quote:
Originally Posted by Happygoluckky View Post
Yes...despite the Presidents simplistic speeches Harley Davidson is closing US plants. The tax cuts did little to help American workers at places like Harley and Carrier despite the president yapping about it on the campaign trail.
If you have a product that no one wants all the tax cuts in the world are not going to help you. Harley's revenue has dropped 4 years in a row. The baby boomers, who drove sales in the early 2000s, are getting older and less likely to buy a heavy bike. I see more crotch rockets than soft tails on the streets.

The stock buy back was probably in response to the market price dropping. They may have thought the market discounted their stock too steeply. Companies do buy back stock for other reasons than shareholder value.

You can't make a broad brush statement that the tax cuts are not helping just because a few companies are not reaping the benefit. There are thousands of companies and you post about 2 that you think are not benefiting from the tax cuts. Try looking at the underlying financials and what is going on in their market space before you post.
Reply With Quote
  #29  
Old 05-23-18, 08:45 AM
Happygoluckky Happygoluckky is offline
All World
 
Join Date: 11-29-14
Posts: 2,662
Happygoluckky is on a distinguished road
Quote:
Originally Posted by Buck_98 View Post
If you have a product that no one wants all the tax cuts in the world are not going to help you. Harley's revenue has dropped 4 years in a row. The baby boomers, who drove sales in the early 2000s, are getting older and less likely to buy a heavy bike. I see more crotch rockets than soft tails on the streets.

The stock buy back was probably in response to the market price dropping. They may have thought the market discounted their stock too steeply. Companies do buy back stock for other reasons than shareholder value.

You can't make a broad brush statement that the tax cuts are not helping just because a few companies are not reaping the benefit. There are thousands of companies and you post about 2 that you think are not benefiting from the tax cuts. Try looking at the underlying financials and what is going on in their market space before you post.
I chose two that Trump specifically chirped about in his stump speeches. Carrier specifically became a focus of his efforts.

Reply With Quote
  #30  
Old 05-23-18, 09:06 AM
19AL63 19AL63 is offline
All American
 
Join Date: 03-21-11
Posts: 2,287
19AL63 is on a distinguished road
Happygoluckky, you sound like one of the union people that are told by a company if you go out on strike we close the doors and go out of business. Out you go and the company closes and you wonder what happened. I wish I could remember what company it was that closed and the union just kept the picket lines going. it was fun to watch people standing in front of the closed and out of business company. Just maybe the HD workers that still have a job should be thankful for that since the product being made does not sound like it is selling well right now.
Reply With Quote
Reply

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -5. The time now is 06:22 AM.




Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Registration Booster - Powered By Dirt RIF CustUmz