turns out that the ultra wealthy losing 99% of their money is actually not going to hurt them nearly as much as you or i losing even 25% of our savings.
calling that “risk” is like saying i took a “risk” walking outside without an umbrella today, and using the fact that i got wet as an excuse to firehose like 800 other people.
moving further into nuance, i do believe that investment should be rewarded when successful under capitalism. we probably agree on this point.
however, “rewards” in the form of long term fuck-you-money profit hundreds to thousands of times the magnitude of the non-owning laborer at the expense of those who built the business with their lives, is unacceptable and outright theft.
you know at first I thought you were way wack but I did reread and you did say corporations and I was looking it at more generally. ie. owning a business. that being said what I was arguing really was your last line about profit being theft which as a generality is wrong but yeah large corporations making obscene profit is wrong.
yeah, while there is crossover, profit is not the same thing as meet and appropriate compensation for investment. profit is strictly defined as revenue minus costs. businesses that pocket huge sums of profit in the form of executive compensation or stock buybacks are evidence that costs are far too low, that there is theft of cash that should rightfully be reinvested to the creators of that revenue value, that is, the laborers.
you have some other weird definitions of what being a corporation means going on, but it’s not altogether important to my point so i’ll leave us at this weird fortunate agreement lol.
nice straw man im just gonna ignore that.
turns out that the ultra wealthy losing 99% of their money is actually not going to hurt them nearly as much as you or i losing even 25% of our savings.
calling that “risk” is like saying i took a “risk” walking outside without an umbrella today, and using the fact that i got wet as an excuse to firehose like 800 other people.
moving further into nuance, i do believe that investment should be rewarded when successful under capitalism. we probably agree on this point.
however, “rewards” in the form of long term fuck-you-money profit hundreds to thousands of times the magnitude of the non-owning laborer at the expense of those who built the business with their lives, is unacceptable and outright theft.
you know at first I thought you were way wack but I did reread and you did say corporations and I was looking it at more generally. ie. owning a business. that being said what I was arguing really was your last line about profit being theft which as a generality is wrong but yeah large corporations making obscene profit is wrong.
bruh okay 🗿 🤝 i guess
yeah, while there is crossover, profit is not the same thing as meet and appropriate compensation for investment. profit is strictly defined as revenue minus costs. businesses that pocket huge sums of profit in the form of executive compensation or stock buybacks are evidence that costs are far too low, that there is theft of cash that should rightfully be reinvested to the creators of that revenue value, that is, the laborers.
you have some other weird definitions of what being a corporation means going on, but it’s not altogether important to my point so i’ll leave us at this weird fortunate agreement lol.