“We have been promised for decades that handouts to business are going to get us more and better jobs.”
The trickle up economy.
The people pay the government taxes, and the government hands out tax money to companies so that the shareholder value goes up.
You know, I hear this so much, I have to wonder why we’re not all trading stock tips. You too can be a shareholder.
Because the amount of money the general populace has vs the money corpos are putting is very low.
If you can’t even make ends meet, how are you supposed to buy on the stockmarket
Given the typical Lemmy demographic, there’s a high chance my income is actually the lowest here. It isn’t “I can’t afford a single share”.
In reality, I’m guessing you haven’t looked at what the returns are, you just kind of assume they’re crazy. And it’s the same return for every shareholder, whether me or Jeff Bezos.
It literally depends. There are multiple types of shares. For example in Canada, the Rogers Corporation has Class A and Class B shares on the TSX. Class A has voting rights, Class B does not. Class A is majority owned by the Rogers family. Class B is more expensive, because in an extremely unlikely event that Rogers goes bankrupt, Class B gets paid first.
Furthermore, the big difference is not buying one share. The problem is that the distribution of shares is do unequal and concentrates so much wealth in the top 0.1% (let alone the top 1%).
See chart: https://www.federalreserve.gov/releases/z1/dataviz/dfa/compare/chart/
Yeah, ever since industrial interventionism became cool again the news has just been saturated with lobbyists (calling themselves “industry groups”) explaining why they need taxpayer funding.
It’s to be expected, I guess. With any luck it usually won’t work.
Yes, because enough is never enough for corporations. No matter how many tax breaks, rewritten laws, and repealed regulations, they will not and can not be satisfied.
