So what do all these CEO's do with there money? The spend it, which creates more jobs, or they invest it, which creates more jobs. If you are so jealous, shy don't you become a CEO?
So what do all these CEO's do with there money? The spend it, which creates more jobs, or they invest it, which creates more jobs. If you are so jealous, shy don't you become a CEO?
Aww who's a good little puppy, is it you? Are you a good puppy? You like it when you roll over and billionaires scratch your belly, don't you puppy?
I specifically asked for intelligent responses. Apparently, this is beyond you. I don't know any billionaires, but I do know truth and principles. I also know you are a tiny-brained wiper of other people's bottoms.
Aww is someone an angwy pupper? You won't get any treats acting like that!
You are not important enough to inspire anger, frustration, or even disgust. You are a vapid twit and as popular as a fart in an elevator.
Apparently I am or you wouldn't respond? Aww does the puppy not have any real friends to talk to?
No, they hoard it in an offshore bank account or spend it on stock buybacks. Corpos arent your friend. Their only goal is making profit by any means necessary. If screwing over regular people makes line go up, thats what they'll do without hesitation.
Here's an extra tip: screwing over people is almost *always* more profitable.
I don't think you have a deep understanding of the economy or investing and you seem to have a sad world view. Now many rich people are miserable, amoral, and self-serving like Zuckerberg, Gates, Soros, Clintons, Obamas but many others are generous, socially aware people not seeking the limelight.
You dont get that big/rich without exploitation and harm of regular people. Being good to customers and socially conscious will always make less money than being the biggest evil asshole in the world. Evil ppl do evil things and make tons of money and uses it to bribe and consolidate more power.
Capitalism when not kept on a tight leash will always poison the society its in. When the only goal is profit over everything, those with money will use it to produce propaganda and change laws in their favor to make more money at the expense of everything. The incentive structure demands it.
What college did you go to? You did not get so steeped in bullshit with just a high school diploma. It must have cost your parents a pretty penny to have you so indoctrinated. I am sure they love you, but I am very glad I am not them.
Lol. Corpos arent and never will be your friend. They dont care about you, just your money and the easiest way to dig it out of your pockets. BTW, I have an associates degree in software development. Not indoctrinated, just empathetic to normal people getting exploited by the rich.
If you can't make a cogent argument, toss an insult. I took macro econ in my engineering from a big ten college, and there was plenty of inexcusable hand waving being taught. Main one was information asymmetry being real as hell but it breaks price theory. No wonder economists make bad predictions.
Intro macro is universally terrible, along with most undergrad econ coursework, but it has nothing to do with why economic predictions are so difficult. Since much of that isn’t used by them. Hence why if you want a economics PhD you don’t major in economics.
Seems to me the reason that economic predictions are so difficult is because they hinge on people.. And people are more complicated then anything else we know of.. "Economic Man" is such a precious concept. ( I am in no way insulting you personally, if you are in economics.. )
You’re right about why predictions are so difficult. It’s why the best you can do is be directionally correct. It’s most unique attribute is unlike all the other social sciences there is a pressure to lay our normative and positive assumptions. Not perfect still.
Not in economics. Switch over to finance form my bachelors. I liked the more applied aspect of it, and I found, at least in the undergrad courses the common textbook had a nasty habit of smuggling in normative preferences into then models.
Most of what intro macro covered was pretty bog standard core economics from what I've read since. I'm a physics guy who ended up in engineering. Like many physics guys, I consider much of econ to be physics models applied to money and not rigorously scientific at all. Polemics for the rich.
Well aware of engineers opinions. Finance applies physics models, Black Scholes, and has the benefit of the foundations coming from practitioners before it became academic discipline. Macro today bears little resemblance to intro econ - hence why it’s so criticized.
"tight leash" right on!! My soapbox line.. "Capitalism is like fire; powerful tool when tightly regulated. Left on it's own it will burn your house down."
Capitalism doesn’t poison anything. You know what does? Government. Everything government touches turns to garbage
Right there with you.
Good products are expensive to make. Easier and cheaper to throw money around to remove competition and make a shitty product to save costs than actually making customers happy with a superior product. Capitalist enshitiffication.
See that isn’t capitalism, that is cronyism because the government allows the lobbying that puts the restrictions in place to destroy competitors
Our government has become a self-serving leviathan that needs to be cut back to its original intent.
Cronyism is inevitable under capitalism. The goal is maximum profit, minimum spending. That's it. What's an easy way to to increase profits and decrease spending? Bribing the government to make more favorable conditions to do so.
Capitalistic enshittification is real and happening in front of our eyes. That doesn't make capitalism itself useless, it can do good. It has to be TIGHTLY REGULATED. Heavy taxation on excess profits, regulate for social good and environmental preservation.. Worker-owned capitalism better.
lul. Ancap philosophy will never work. We moved away from feudal systems for a reason.
I want to make more money, but the government regulations stop me from the easiest ways to do so like requiring worker safety... I know I'll just bribe... I mean "lobby" the government to make it shittier so I can get rid of those pesky requirements to treat my workers as people and not slaves.
So you are proving the point that the failure lies with the government
I don't think a pro extreme wealth position is a deep economic understanding at all. It's mere recitation of economic doctrine designed to serve extreme wealth
I am an extreme capitalism supporter: If someone brings value to an organization, they should be compensated for that value, whether they are a janitor or CEO. What "economic doctrine" do you subscribe to that would argue against that ? Please elucidate.
That "if" is critical. I do not buy the BS that a specific CEO has some magic sauce that makes the company profitable.. is worth that kind of cash. Or that if they have to pay steeply progressive income taxes it will destroy the business. Don't have a scholorly title for this, sorry.
If a CEO asks for a high salary and gets it, that is because the organization thinks it is worth the price, that is what he is paid. Your opinion has no bearing on this. That is the economic reality. If a company was willing to pay whatever you asked, would you as for a high salary or a low one?
When they spend their money, they get something back of that value. When they invest, they own and debt flows back. Why these CEOs deserve this obscene amounts is the real issue. They don't. Working class spending fair wages create more jobs.