Ports full of boats both coasts being denied entry...
(twitter.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (129)
sorted by:
Sounds an awful lot like a Bernie Bro talking point.
Tons of small and medium businesses act ethically and barely break even, yet still have a higher production cost than China.
Try looking at government regulations that overreach and a ridiculous tax structure that nickel and dimes every step of trying to run a business.
My point is, profits should not end up in the pockets of only the top management. The guy on the line works just as hard, if not harder than the guy at the top. He should also reap the rewards when his company does well. Likewise, if you've got that much money left over, perhaps you're overcharging your customers, as well.
I worked for a company for many years. We always got the same "merit" raise. It didn't matter whether we had a stellar year, or barely made a profit, we always got the same paltry percentage. Only the company's excuse changed. "Oh, we can't give you more because we had a bad year." "Oh, we can't give you more just because we had a good year, because we might have a bad year next year."
This sort of thing has got to stop. It took everyone to make the company what it is, so profits should have a more even distribution. Likewise, if the company does poorly, everyone should share in that, as well. Too often the bigwigs still get a hefty salary, even when the company does poorly. However, it's only the guys at the bottom that suffer.
Something needs to change to make this more equitable. If the people at the top keep making millions and billions of dollars, while everyone else is suffering, then something is drastically wrong. Perhaps, if you're making that much money, you're overcharging your customers for your product and shortchanging your workers.
We can't have a society that is comprised of only the filthy rich and the struggling poor, as we'll be no better off than we are today. We must find a fair solution for all.
Solutions for this: start your own business or work for a better company. It's not the government's job to make things equitable.
Then, what about people like Bill Gates, Soros, etc. who are filthy rich and using their money to take over the world and instigate population control?
How do you envision getting rid of the DS if they're allow to accumulate vast sums of money off the backs of hardworking people? They will only continue to do what they are currently doing and we will remain their slaves forever.
The struggle is going to be there a long time if there's no solution.
Fact is this:
The little guy likes Capitalism. He has hopes that if he makes a good enough product and business he can be top dog. He loves competition.
The top dog hates Capitalism. He's afraid the little guy will take his place. He hates competition.
It's like a boxer who won the championship belt and wants to keep it the rest of his life by not allowing any up and coming boxer to challenge him, even when he's old and gray.
It's a fallacy to believe more government intervention can solve the issue of inequity. People like Soros & Gates have such pull because they have bribed our politicians and in turn the politicians do their bidding (writing laws in their favor and embezzling tax-payer funds into their organizations.) There needs to be term limits. That would end a lot of the long-standing corruption. Also, politicians are protected from insider trading which is absolute BS. Because of the pandemic, the US government pumped money into the stock market to protect their shareholders (deep state). It's a big club and we ain't in it. Less government = less power for them to use against us.
The government would be best doing very little to nothing. Give it an inch of power and like a cancer it will grow until it has authority to mandate vaccines...woops... The solution to fight corruption in big business is not giving another corruptible entity more power. No offense, but socialism/communism starts with good intentions and we know how that ends. Bring down big gov, FED, wallstreet insider trading/market manipulation. Give politicians term limits make it illegal for them to participate in the stock market. End big business' unfair tax protections and exorbitant government contracts. They are keeping each other up at our expense.
One of the biggest shifts in world view was realizing that Marx diagnosis regarding class struggle is very real. His prescription (Socialism/Communism) is garbage though. We need to have a Capitalist system but we have to make I more equitable in some.
Keeping it in context of the OP, which publicly traded large companies with multimillion dollar executive salaries make their consumer products in the US?
I can wait, it's gonna be a short list.
Now if you're referring to multinationals that offshore everything to take advantage of lower labor costs, energy, and favorable laws as shitbags, I'm very much with you.
But if you think the reason why they don't produce in the US is because the company is spending too much on executive comp, you'd be very naive. Executives there keep their jobs at the leisure of the board, who are tasked to deliver "shareholder value"... i.e. profits, at any cost.
Wanna fix it? Wake up. We've let Wall Street Banksters lull us into a false sense of peace with our pissant 5% returns on 401k's and index funds, while they use that capital as collateral to increase their wealth 20-fold.
Start by doing what we're doing in politics. Grassroots effort. Educate yourself and be your own advocate. Buy shares or demand them as part of your compensation. Vote down executive comp packages at the annual meeting. Get referendums on the slate to be voted on, penalizing the executives for offshoring or pursuing woke shit. Name and shame them.
If you're a big dog, take up a short position and tell them why. Become an activist investor.