Mac-7
Diamond Member
- Oct 9, 2019
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Its like the example of two wolves and a sheep stranded on an island voting on what have for dinnerWe may have a mutual enemyYou're right about productive workers whether they be labor or management; some of the hardest-working (and most greedy) people I've met have been small business owners.But many worked very hard to get an education or start a business and managed their money wisely
I'm not referring to those individuals when I complain about shareholder privilege.
"I mean speculators who buy and sell stock on the secondary market which, as I understand it, comprise about 99% of stock market activity?
The Divine Right of Capital by Marjorie Kelly: A Summary
"Today, our worldview has a bias – that stockholders are to be paid as much as possible, while employees are to be paid as little as possible. 'Income for one group is declared good, and income for another group is declared bad.'
"Nowhere is this more clear than in our financial statements. Here’s the basic formula you’ll find on financial statements:
Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)
"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:
"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)"
the large wall st investors were prime movers in the drive to outsource production from America to china
but bernie bots like the one who started this thread are true socialists who just want other peoples wealth and dont care about the source
socialism kills innovation and economic growth
We do have a mutual enemy. The wealthy elites have formed a coalition with the underclass against the middle and working classes.