Thanks: 
Likes: 
Dislikes: 
Re: How Bad Are Things in California?
It sux that while everything is prosperous, they pocket their profits.. When times get tough, instead of dipping into that profit a little bit to feed back in to the business and support the staff, they just fire a bunch of people to protect their horded profits... That is the sad part, use the workers to make money, fire the workers to keep the money... That's the one and only HUGE problem with the system that makes it suck, none of the boardmembers or mega rich are prepared to give up any of their stash to keep people employed and keep a business on it's scale until economic bumps are ridden out... They keep it safe, and fire who they will to make sure not a cent of it leaves their pocket... The funny thing is, it's all that money they have hidden away instead of it being put back into the economy that is the reason the economy crashes..
In fact in my other thread I had the figures wrong.. I said that top 1% has more than the other 50% of wealth.. That's wrong.. The top 1% has more than the other 90%!! If that money was in the hands of the 90%, it would be being spent.. Instead it's in the hands of the 1% who have it kept away, growing and growing exponentially without it ever actually materially benifiting the cycle of things..
The most unbelievable of all the figures is the richest 400 families in America, ONLY 400 families, own 1.4 trillion dollars!!! Even a portion of that pumped back into spending and ecomony would do wonders...
In times of desperation, the mega rich should give up some of their wealth to support workers that helped make them the money in the first place.. So their wealth will go from 10 billion to 8 billion, they have done a GREAT thing for 1000's of people, and it helps the economy get back onto it's feet.. But how many people of you heard of that get to the top and are prepared to do that?
 |
|
Reply With Quote
Bookmarks