Posted on 08/15/2018 8:04:42 PM PDT by Beave Meister
Sen. Elizabeth Warren, D-Mass., will introduce legislation Wednesday aimed at making the nation's largest companies accountable to employees and their local communities, not just shareholders.
In an op-ed for the Wall Street Journal, Warren said companies in the late 20th Century started operating in a way that made them slaves to shareholders.
"That shift has had a tremendous effect on the economy," she wrote. "In the early 1980s, large American companies sent less than half their earnings to shareholders, spending the rest on their employees and other priorities."
"But between 2007 and 2016, large American companies dedicated 93% of their earnings to shareholders," Warren added.
She said that change has also prevented large companies from ensuring wage growth kept up with productivity growth.
And what did the shareholders do with it, destroy it? No, of course not. Some was no doubt spent on various goods and services, stimulating the economy. Some was invested, either back in the company that generated it, or in other ventures. Communists want people to believe making money is evil and some kind of economic dead end. They try to convince the gullible and ignorant that a central government power knows best what to do with it.
https://mises-media.s3.amazonaws.com/The%20Vampire%20Economy.pdf?file=1&type=document
Time for all to read about the Vampire Economy.
The left leaning think tank Economic Policy Institute reported that between 2000 and 2015, the share of income generated by corporations that went to workers’ wages (instead of going to capital incomes like profits) declined from 82.3 percent to 75.5 percent.
Employees are already getting the larger slice of the “pie” without Warren’s fascistic legislation. Her bill is similar to the economic policies of the Nazis.
You are to kind to that moron.
Aw geese, is it that plastic beads for Manhattan thing again?
Oh, that's good.
Got a better idea - how about the Government Accountability Act instead?
The fraudulent Indian wannabe is trying to sneak in fascism in the guise of fairness. Wages should always be the prerogative of the business owners; not the government.
“That’s after they pay their employees wages and benefits.”
And taxes. This thing would end up like Soc. Secuity. The gov’t. gets it, but I’ll never see mine.
I must’ve missed that party of the Constitution where this is in FedGov’s pervue.
Capitalism is a harsh master, but it has made the American worker the most prosperous class on Earth.
Socialism is a product that share misery equally unless you are a socialist master such as Elizabeth Warren. The masters have a different set of rules for themselves. They prosper as the worker suffers.
what a POS is the Fake Injun Squaw.
she should find a job trading land for beads, if only to act more like the Injun Squaw she claims to be
maybe she can handle $24 of beads successfully
she sure can’t handle public office worth a rat-s ass damn!
Yes, the market hold all companies accountable in a much more efficient way than big gubmint ever could.
“”But between 2007 and 2016, large American companies dedicated 93% of their earnings to shareholders,” Warren added.”
This is pure BS! What an ignorant slut!
Half of the ten biggest companies pay no dividends, hence are giving no earnings to the shareholders. Those that do pay some diidends, it’s a small fraction of the earnings, not 93%.
Shareholders make most of their money when share prices go up, not through dividends.
If they spend it on their employees in any way other than in an employee ownership program, that spending will count as an expense and therefore not be earnings. She has no idea what she is talking about.
And I thought the 1980s were the era of Reagan which was the most eeeeevil, greedy and socially blight decade before this one.
FOAD, bitch.
Making Capitalism Fascist Act
bmp
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