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In reply to the discussion: I'm sick of working retail. [View all]Bernardo de La Paz
(49,001 posts)16. No. The distribution of wealth & income is the problem, not the company size.
It is concentration of ownership that is a problem, not ownership. If the shares were more widely distributed, the companies would be the same size but there would be fewer people worth $100 million and many more people worth $100 thousand.
The top-heavy disparity in wealth and income is unsustainable. Such situations tend to end in:
* Economic collapse / crash, possibly accompanied by or precipitated by violent revolution
* Peaceful redistribution by higher taxes on corporations and/or rich and ultra-rich people who have benefited greatly from infrastructure and social expenditure by governments.
Ultra rich people are not lacking in money for corporate investment. Those kinds of opportunities can be increased by societal spending. When you give the rich and ultra-rich a huge tax give-away, they park the money in things like art and real estate which inflates the prices of those things but does not increase production or productivity.
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I'm not going to debate a blanket bald terse straw man statement. . . . nt
Bernardo de La Paz
Sep 2018
#20
My five paragraph discussion is not a single terse bald straw man statement.
Bernardo de La Paz
Sep 2018
#23
But Trump says everyone is doing great and wages are rising and we're all happy at our jobs!
smirkymonkey
Sep 2018
#8
No. The distribution of wealth & income is the problem, not the company size.
Bernardo de La Paz
Sep 2018
#16
Like restaurant servers, everyone should do both for a while to appreciate how hard it is.
Laffy Kat
Sep 2018
#28