Space/Science — HabitableZone

Space/Science » in reply to Re: Careful, Tom, you're gonna sprain that knee

Re: Careful, Tom, you're gonna sprain that knee

Justin, with all due respect, I think you're being hopelessly naive in thinking that the recipients of this handout will give it to their employees. Wall Street would go ballistic and demand the head on a platter of any manager foolish enough to give his employees a penny more than he has to. Investors go into raptures over layoffs, not pay raises. In any case, since taxes come from profit and reduce dividends, the stockholders firmly believe that that money is theirs, not the workers who produced the profit in the first place. The sarcasm is intentional: Adam Smith pointed out that capital only produces profit by multiplying the productivity of labor. Capital by itself produces nothing, a lesson wholly lost on people who play the stock market in the modern style, as if it were a casino.

--Robert

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