Democrats want us to believe that there is some cohort of “good billionaires” who can be relied upon to fight for political progress. But as the right-wing turn of tech billionaires like Mark Zuckerberg and Elon Musk suggests, this is nonsense.
I think you are not familiar with how economy works. No offense, really, Im not an expert either but I dont really have the patience to go over everything in detail. Reinvesting profits is what ALL companies do. What youre suggesting was the opposite, you said profits should be distributed to employees or customers.
The difference between your examples is that 1 is a different company than 2 and 3. They are not different scenarios for the same company.
There are reasons why CEOs earn a lot and you cant change that by telling companies “but why not just give the money to your other employees, it would be better for them”. Thats not how economy works. Im not saying the way things are is good at all, but youre not offering an alternative. What youre suggesting would require that owners and shareholders would give a shit about the wellbeing of their employees and customers.
I dont know what makes you so angry, I think you are getting defensive because you cant accept that your arguments are invalid.
I havent defended billionaires in any way and I hate them just as much as anyone, I dont see how understanding the ecomony and financial motivations would be equal to defending billionaires.
As you seem so fixated on this thought experiment, lets do it. Youre suggesting a company cuts the upper managements salaries by 99.8%, thats both scenarios 2 and 3. What will happen is every single one of those people will notice they can make 500 times their salary in any other company and leave. The company will be left without management and go bankrupt within a few months.
Shareholders want to maximize growth. If there was a way to simply cut management salaries to increase profit, they would have done it ages ago.
I know you think you found the easy solution, but reality is not easy. Companies dont have ethics or a conscience. They maximize profits based on numbers. For them to change anything there needs to be an incentive, either financial gain or laws restricting them.
I think you are not familiar with how economy works. No offense, really, Im not an expert either but I dont really have the patience to go over everything in detail. Reinvesting profits is what ALL companies do. What youre suggesting was the opposite, you said profits should be distributed to employees or customers.
The difference between your examples is that 1 is a different company than 2 and 3. They are not different scenarios for the same company.
There are reasons why CEOs earn a lot and you cant change that by telling companies “but why not just give the money to your other employees, it would be better for them”. Thats not how economy works. Im not saying the way things are is good at all, but youre not offering an alternative. What youre suggesting would require that owners and shareholders would give a shit about the wellbeing of their employees and customers.
What a nice non answer that also ignores dividends and wealth accumulation and the fact that profits = revenues - spendings including wages :)
“ThEy’Re NoT tHe SaMe CoMpAnY!”
It’s what we call a thought experiment, the end result is the same, the difference is who gets to keep more money.
I’m done with people like you defending billionaires and being unable to think about alternatives, have a good life.
I dont know what makes you so angry, I think you are getting defensive because you cant accept that your arguments are invalid.
I havent defended billionaires in any way and I hate them just as much as anyone, I dont see how understanding the ecomony and financial motivations would be equal to defending billionaires.
As you seem so fixated on this thought experiment, lets do it. Youre suggesting a company cuts the upper managements salaries by 99.8%, thats both scenarios 2 and 3. What will happen is every single one of those people will notice they can make 500 times their salary in any other company and leave. The company will be left without management and go bankrupt within a few months. Shareholders want to maximize growth. If there was a way to simply cut management salaries to increase profit, they would have done it ages ago.
I know you think you found the easy solution, but reality is not easy. Companies dont have ethics or a conscience. They maximize profits based on numbers. For them to change anything there needs to be an incentive, either financial gain or laws restricting them.