'We are essentially in a new Gilded Age’: As workers get laid off, CEOs and shareholders gobble up hundreds of billions in profits

cqthca , 4 months ago (edited 4 months ago)

and you aren’t buying parts of their companies to share the wealth. sad. you can even get partial shares w/o commissions now.

When you buy a share of equity in a corporation that means you own m/nth of the company where n is the number of stock share issued, m is the shares of stock you own. Nothing is stopping you from being a shareholder except you wanna buy those fancy things. Read “The millionaire next door”. We drive 10 y.o.Toyotas, shop at wal-mart, cut our own hair, and buy parts of businesses. You don’t?

nyakojiru , 4 months ago

They found out on these days they can do it with no consequences

nkat2112 , 4 months ago

I’m glad this financial news source is calling this out. Surprised - but glad.

Oligarchical shortsightedness is very interesting. And not very wise, in my opinion.

RubberElectrons , 4 months ago

I seem to recall reading about a very, very bumpy period afterwards…

postmateDumbass , 4 months ago

Did it involve facism by chance?

JimboDHimbo , 4 months ago

It’s only slightly bumpy if you miss that spot between the vertebrae or if the blade isn’t heavy enough or hoisted high enough into the air.

JigglySackles , 4 months ago

… We need a better plague.

LazerDickMcCheese , 4 months ago

A selective one, perhaps?

RIPandTERROR , 4 months ago

Perhaps a super deadly one that vaccines work for

Dasus , 4 months ago

And they have no idea what historically happens in these situations?

silently sharpens guillotine blade

Pilferjinx , 4 months ago

We need to start making lists

Dasus , 4 months ago

No need to, comrade. They’ve already done that for us.

www.forbes.com/consent/ketch/?toURL=https://www.f…

Fredselfish , 4 months ago

Alright, so should we start at rhe top our the bottom of the list. Funny who number 1 never hear about that guy?

Dasus , 4 months ago

I think we should just do a free-for-all, and a takedown will be worth the rank in points…?

And yeah, loads of billionaires keep away from any sort of attention, because they’re probably aware of the guillotines.

postmateDumbass , 4 months ago

I think any such system should be non heirarchial, on principle.

Heiarchies are a root cause of the current issues.

Duamerthrax , 4 months ago

They do. That’s why they engineered culture wars to pit us against each other.

gentooer , 4 months ago

It’s always worked. “Divide et impera” is a Latin phrase for a reason, it was how Philippus II of Macedonia described how he conquered a large part of current Greece.