• 60d@lemmy.ca
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    14 hours ago

    Weird, right? So people make money while working for Ford, for example.

    Ford the automaker gets paid and makes “profit” in Murca.

    Profit goes to the 1%. The 1% contributes nothing to the economy by dodging taxes and securing a greater share of the overall wallet in Murca.

    This causes inflation because there’s less money circulating. Huh. It’s almost like the profits do nothing, despite what Reagan told you.

      • 60d@lemmy.ca
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        3 hours ago

        It’s bad, but it’s such a small slice of the pie, and accomplishes nothing except the accumulation of wealth at the top 1% who contribute nothing to the society they’re in.

        Of course it would be slightly better if we had wholly Canadian-owned auto makers but I’m pointing out that it’s not much better. Ford Canada is already a thing. Honda Canada is already a thing.