News
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2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
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Posts must be news from the most recent 30 days.
6. All posts must be news articles.
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10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
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Profits shouldn't exist. They should be required to put that money back into the company and take a salary for themselves. Idk how this works with shareholders but they can get fucked for all I care at this point.
We used to have progressive income taxes that did this.
Reagan, Thatcher and their ilk pulled them because "trickle down, a rising tide lifts all boats, thousand points of light, blah blah blah"
Companies need shareholders to get off the ground, and you don't have to be rich to be a shareholder. That's the whole idea... otherwise only the mega rich have the capital to start businesses.
Paying C-suites this much is just idiotic though. I own a few stocks, and seeing some of the companies pay executives and upper management so much to feud and slowly destroy companies makes me sick. It is not what anyone sane wants unless they're parasitic daytraders or drinking the corporate kool-aid.
Greedy capitalism is the problem, but it's also a culture problem, I think.