If you own the company (or a lot of shares), you gain wealth by doing literally nothing if the company’s value increases. On top of probably just keeping the profits. Plus the “use my stock as collateral, give me a low interest personal loan, that’s not taxed as income lol” wealth back.
I’m not talking so much about the petit bourgeoisie that’s working hard every day making donuts to sell. I’m talking about big C Capital that buys something and just takes the profits.
The CEO at my old job can’t code. He can’t do UI design. He doesn’t do sales or customer service. He sometimes talks to other rich assholes to fundraise, but mostly he makes questionable decisions and hurts morale. But if the company goes big, he’ll get filthy rich and the people who actually built the thing will not.
That said, higher taxes on the wealthy (plus closing loopholes like the loan thing) would help. So would universal basic income.
It’s funny because conservatives cry about “welfare queens” that just take money for nothing, but it’s the rich who can do that. If you have a few million, you can just coast on investments. Little to no risk. Once again, projection.
If you own the company (or a lot of shares), you gain wealth by doing literally nothing if the company’s value increases. On top of probably just keeping the profits. Plus the “use my stock as collateral, give me a low interest personal loan, that’s not taxed as income lol” wealth back.
I’m not talking so much about the petit bourgeoisie that’s working hard every day making donuts to sell. I’m talking about big C Capital that buys something and just takes the profits.
The CEO at my old job can’t code. He can’t do UI design. He doesn’t do sales or customer service. He sometimes talks to other rich assholes to fundraise, but mostly he makes questionable decisions and hurts morale. But if the company goes big, he’ll get filthy rich and the people who actually built the thing will not.
That said, higher taxes on the wealthy (plus closing loopholes like the loan thing) would help. So would universal basic income.
It’s funny because conservatives cry about “welfare queens” that just take money for nothing, but it’s the rich who can do that. If you have a few million, you can just coast on investments. Little to no risk. Once again, projection.