‘No defensible argument’: Anger boils over at CEO pay
‘No defensible argument’: Anger boils over at CEO pay
The historic UAW strike puts an exclamation point on more than a decade of efforts by Washington lawmakers to narrow the pay gap between top executives and workers.
The historic UAW strike puts an exclamation point on more than a decade of efforts by Washington lawmakers to narrow the pay gap between top executives and workers.
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Money makes money
Thats your enemy if anyone wants to address income inequality
We need to look back to the New Deal to see how everyone can be uplifted. 90% marginal tax rates. Claw back our share of the prize for forty years of productivity gains without being paid our fair share.
Fuck the bankers and the monopolies and most especially fuck the hedges funds. Fuck ever-accelerating growth. Growth and investment are part of a successful system, but money isn't god and the wealthy aren't saints to be admired. Smash the oligarchs.
Of course that's the enemy of anyone trying to address income inequality. What's your point?
No ones really going after it. Anyone calling for stocks/corporations to be banned? Banks, landlords, publishers, basically anyone whose only "service" to society is having money.
A congresswoman is putting legislation forward to reinstate the Glass-Steagall Act which would greatly impact the stock market. It would ban stock buybacks, limit what and how large financial institutions could invest in and plenty of other stuff that is proven to help keep the economy stable.
Plenty of people want ground-up reform, or total abolition of, corporations and stock markets. Look left of the US democratic party and you'll find more than you could ever care to read on economics and markets. Same goes for banks, landlords, and publishers. You're describing (in a very vague and roundabout way) socialism.
Michael Hudson calls it out fairly regularly.