Comment on Amazon Workers Say They Struggle to Afford Food and Rent

• psvrh@lemmy.ca ⁨5⁩ ⁨months⁩ ago

  In the before times, when corporate and marginal income tax rates were high and stock buybacks were illegal, a business could do two things with its profit:

  • Reinvest it into the business, as employee compensation, equipment or facilities, and/or
  • Pay taxes.

  In the 1980s, we gave them a third option:

  • Keep the money …which for some reason was supposed to not encourage the rich to hoard money and/or engage in non-productive financialization.

  The rich, of course, hoarded and engaged in financial engineering pretty much immediately, and everyone else, which meant employees, suffered for it.

  If you look at wages-vs-productivity curves you can see society “break” in the 1980s, with the rich running away with their wealth and everyone else getting stuck in a quagmire of low wages and starved public services.

  So that’s why high progressive taxation helps employee: it forces the rich to either invest or find the nation.

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  • dukethorion@lemmy.world ⁨5⁩ ⁨months⁩ ago

    Do you think the corporate world (that effectively runs governments) is going to regress or go back to “let’s all make less money”?

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    • xePBMg9@lemmynsfw.com ⁨5⁩ ⁨months⁩ ago

      You’re right, getting money out of politics is necessary for correct decisions to be made by the government.

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    • psvrh@lemmy.ca ⁨5⁩ ⁨months⁩ ago

      No, but a boy can dream…

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      • DessertStorms@kbin.social ⁨5⁩ ⁨months⁩ ago

        Or one can aim to abolish the entire system instead of applying band aids to the cancer that it is and and pin all of your hopes on them sticking (not even fixing anything, just.. sticking)..

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    • Schmuppes@lemmy.world ⁨5⁩ ⁨months⁩ ago

      You’re right, they wouldn’t. But maybe they can be convinced with burning pitchforks.

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• metallic_substance@lemmy.world ⁨5⁩ ⁨months⁩ ago

  Tomorrow morning just head out your front door, find a school bus, and just get on it

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  • dukethorion@lemmy.world ⁨5⁩ ⁨months⁩ ago

    Sorry I’m not smart enough to understand what you’re inferring.

    Corporate tax rates go up, company lays off workers and moves to a less-taxed jurisdiction.

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  • KillingAndKindess@lemmy.blahaj.zone ⁨5⁩ ⁨months⁩ ago

    He asked agood question you hush!

    I will be taking this for myself tho tyvm

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