Here is where I think many Americans get their view about the Evil Rich and I’m not really sure how to combat it. And I will add that I may be all wet on my theory because I probably know just enough about the Elite Tier in the business field to be dangerous so please flame away if I am wrong.
In my estimation, many more businesses a few decades ago were privately held. Through the years, this has all changed. Now, these businesses are bought and sold like commodities and the shareholders demand a profit. More short-term decisions are made by Board members than long-term decisions and these decisions are not with their employees’ interests in mind, but those of the Board. A certain profit margin MUST be met! - even if that means massive layoffs or shipping work overseas.
What kills me is WHY did these companies not come out EN MASSE on the news daily BEFORE the election and use some of their lobbying power to go after Obama’s second term “vision”? Are they in on it too?
I think because of laws like Sarbanes Oxley and Dodd Frank it has become more desirable for a publicly traded company to go private and avoid government scrutiny. The odd thing about private capital investment like Bane Capital and Blackrock and the like is that they are almost entirely funded by public sector retirement dollars. The idiots who support Obama are cutting their own throats and will be taxed as they enter retirement as the top 1%. One is either all in with capitalism all out of capitalism. And so the devisive rhetoric only slams on the breaks and takes us all over the brink. Too bad there will never be enough wealth to tax to support the exponential increases in spending we beg for.
“What kills me is WHY did these companies not come out EN MASSE on the news daily BEFORE the election and use some of their lobbying power to go after Obama’s second term “vision”? Are they in on it too?”
Don’t you get it yet?
It’s not a story/scandal if the news does not report it./S
This is exactly the problem. We no longer have free capitalism. Large corporations control the ball and employees do not have the chance to jump to a competitor. I am a conservative, however I think a law should be passed to force all companies to shares the profits equally with the employees. Something like 10%. That way everyone could share. At our company we are beat on to cut costs and work many unpaid hours of overtime. For what? So some investor who sits on their ass can reap a 10% gain on the stock price?