Mikeoxenormous
Diamond Member
Why Do Liberals Hate Corporate America?
Liberals seem to view corporations as some living being that makes money at the expense of other people.
A large company like, say, IBM, is comprised of, first and foremost, of a bunch of employees. Some of them make a lot of money and some make less, based on a free market determination of their value. The CEO makes more than the guy sweeping the halls at night. But, the guy who sweeps the floors is “profiting” from IBM’s success and would suffer by the failure many liberals would wish upon it (by losing his job). And, today, the floor sweeper is getting very generous benefits, including healthcare (benefits he will soon lose under Obamacare – more on that in my next blog entry).
So why do liberals hate corporations, yet say nothing about the WEALTH of liberal professional athletes and liberal Hollywood elites?IBM is owned by public shareholders, which are primarily large mutual funds, whose underlying shareholders (through IRAs, 401(k)’s, and pension funds, but often directly as well) are individuals, increasingly middle class individuals. So, when IBM does well and their stock price goes up, middle class shareholders do well.