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Not estianally, we are. Soon we will have great depression 2.0
That is an impressive typo
This is exactly what workers mean when they say the stock market isn’t the economy.
Yeah but their entire retirement is based on it!
Such an insidious way of keeping workers complicit in our capitalist hellscape.
We’re also in the Business Plot 2
Profits shouldn’t exist. They should be required to put that money back into the company and take a salary for themselves. Idk how this works with shareholders but they can get fucked for all I care at this point.
The way you fix this is with higher, and enforced, corporate taxes. If the corporation doesn’t keep the money anyways, they flow it back in.
We used to have progressive income taxes that did this.
Reagan, Thatcher and their ilk pulled them because “trickle down, a rising tide lifts all boats, thousand points of light, blah blah blah”
Companies need shareholders to get off the ground, and you don’t have to be rich to be a shareholder. That’s the whole idea… otherwise only the mega rich have the capital to start businesses.
Paying C-suites this much is just idiotic though. I own a few stocks, and seeing some of the companies pay executives and upper management so much to feud and slowly destroy companies makes me sick. It is not what anyone sane wants unless they’re parasitic daytraders or drinking the corporate kool-aid.
Greedy capitalism is the problem, but it’s also a culture problem, I think.
Yeah, well, what are YOU going to do about it?!
Weird, employment is up right near full employment, real wages are up, and quality of life has never been higher by any metric.
Is this just about tech layoffs due to overtraining the workforce and excess supply? Neat.
Inequality is up.
