this post was submitted on 01 Jul 2023
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What you're describing is basically how things were before Jack Welch came along and popularized excessive layoffs to please shareholders. Companies actually did take a lot of pride in having a lot of employees that had good working conditions before that asshole screwed everything up.
And yeah we have to tax the wealthy for sure. The stock market is bloated and it's unhealthy.
I call the mentality among billionaires "foolish greed". If they were taxed and money filtered its way to regular people through social programs, that would increase demand. Demand for the products their businesses sell. So they'd wind up getting that money back. Only difference is regular people would have a better quality of life while businesses competed to sell products that contribute to that better quality of life.
Fucking Jack Welch and Reagan's supply side economics. Everything was going great before those assholes. Well except for problems with oil prices causing economic instability, along with oil causing some much bigger problems we weren't aware of at the time. But now I'm getting off-topic.