this post was submitted on 01 Jul 2023
117 points (96.8% liked)

Canada

10227 readers
527 users here now

What's going on Canada?



Related Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales


🗣️ Politics


🍁 Social / Culture


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] SpaceCowboy@lemmy.ca 3 points 2 years ago

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.