Morgan

Most likely wages will increase...? How do you see it that way, when healthcare will bankrupt many, they're cutting tax deductions and wages have not increased, he's expanding the military expense while cutting tax to the wealthy, what does it take for you guys to figure out that is a losing proposition. I say we're headed for another recession at the very least. Trump has done nothing to expand the middle class.

America 1 Loc: South Miami

OK, you single out Walmart.
One corporation.
The excellent point is economy way up.

buffalo Loc: Texas

The "economy is way up" for who? 65% of Americans think the economy favors the wealthy and corporations.

Morgan

I wouldn't get too excited yet, tell me what is way up? Trump is so thrilled over the stock market, that'll tell you right there what people he's working for himself and his wall street cronies, people who have enough money to invest, not the average Joe making ends meet.

lindajoy Loc: right here with you....

While it is true they did, without giving notice to the employee they don’t anymore.. Haven’t since 2000 when sued for taking it out in the spouses name..

Walmart canceled the policies altogether in 2000. Creepy is right.... Only six states, Delaware, Georgia, New Jersey, North Carolina, Pennsylvania, Vermont, allow companies to take out life insurance policies on their employees without notifying them... And many do.. It is not illegal if done correctly.. Walmart did not do it correctly using the spouses name..

They settled the class action and now do it with Qualifiers and notice of course..
The policies were only purchased for management and other high-level staff, and the practice is fairly common with employers. Walmart also provides company-paid life insurance to a slightly wider range of employees, and makes such insurance available to still others. In both cases, the information is freely available to the public, and Walmart is not currently regarded as having broken insurance or financial regulations....

https://mobile.nytimes.com/blogs/dealbook/2014/06/22/an-employee-dies-and-the-company-collects-the-insurance/?referer=

Morgan

That's great Linda but the point being they didn't take out policies to benefit the grieving family who lost income, no, they did it as a cash cow to themselves, legal or not. I find that despicable.

lindajoy Loc: right here with you....

I agree it depends more on GDP anyway although other factors contribute to it all...

There are still too many people with part-time jobs that would prefer full-time ones... Bo gave us s part time industries that cleaned up his numbers some, even if fabricated, but really did nothing to help the working middle class..

Housing is going in the right direction, GDP at its 2-3 % implies a better economy. Car sales are up with low financing rates now anyway..

Business confidence is up and stock markets highs and lows do impact economic growth.. May not help the middle class other than jobs growth or ful time employees now being sought but it’s a start in the right direction, if the indicators are true.. Construction all over the place I suspect it’s has validity..

The debt is unsustainable at its level and spending cuts a must.. Entitlement packages have to be curtailed, infrastructure repairs desperately needed and would provide full time work..I don’t not understand why funds are not put in place to achieve repairs... We have plenty of money to send overseas we should cut that out and concentrate on our country..

And for you buffalo~~

lindajoy Loc: right here with you....

I absolutely agree with you and find it despicable as welll.. My point is many companies do it and they are allowed to do it.. Heck your state is one the six that allow it..

Morgan

You hit the nail on the head with the word "allowed", and when we do nothing, we are allowing it to go on. I understand many people feel we have too many laws already, but people in business push the envelope by not doing the illegal, but doing the unethical due to not having laws against it... yet, they cross lines that ethically were never considered because it was too despicable, not so anymore. I won't defend my state in this matter, it needs to be rectified here and anywhere else it exists. What they should call this...a capital death investment...geeez

lindajoy Loc: right here with you....

What they do call it is worse!!

“Dead Peasant' Life Insurance “...

Morgan

You're correct I do recall that now, well as they say "there's their sign"