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  • iii@mander.xyztoAsk Lemmy@lemmy.worldWhat are people never ever ready for?
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    4 days ago

    Oh, it’s not about net worth

    It is though. My original post was: I don’t care if there are high net worth individuals. Did you switcharoo my own opinion?

    There’s quite a few falsehoods in your comment, such as:

    Monetary policy is a tool to affect the distribution of money, it does not itself extract or inject value.

    Au contraire, it affects inflation, severily, and therefore the relative value of your savings and past work.

    Very few companies run at a loss for long

    The options for a company are not limited to divident/buyback vs run at a loss, as you seem to be implying.

    Taxes only extract value with corruption.

    So looking at history, it’s only a problem in every government that’s ever been?

    All profit is on the back of the workers

    Not necessarily. Examples: (a) How would you price a service like insurance? (b) how would you value the engineer of a new type of bicycle hub? He hasn’t left his computer, didn’t touch a single nail. © How should the inventor of a song be renumerated? Is the value created, that people are paying for, solely the network engineers at spotify?

    To summarise: Any money taken away from the people doing the work, directly or indirectly, is exploitation.

    I’m afraid that that’s a conclusion based on false arguments.


  • iii@mander.xyztoAsk Lemmy@lemmy.worldWhat are people never ever ready for?
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    4 days ago

    Warren buffet owns a lot of the stuff you use. Without him, you would pay considerably less for what you‘re doing.

    That’s quite a leap! An apple device would be cheaper if apple’s ownership was more diluted to the point Warren Buffet is no longer a billionair?

    The rest of your argument seems to be build on this false premise.


  • iii@mander.xyztoAsk Lemmy@lemmy.worldWhat are people never ever ready for?
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    4 days ago

    Everything you buy from a company he owns takes a cut to give to him.

    Not necessarily, as not all companies give dividents or buybacks. But let’s say they all do. The same argument applies to employees: they get a cut of a companies income? I think a fair deal: as long as they make something I want or need at a price I agree to I’ll buy it. Otherwise I won’t.

    manipulate both your salary and cost of goods

    Not really, I’m self-employed. As to the price of goods, see the above. We manipulate it just as well. Other large manipulators are monetary policy and taxes.

    Amazon workers not being able to pee at work for a salary they can’t really live on seems another example.

    How’s that related to individual’s net worth? Customers will always want goods cheap, even if a company’s ownership is diluted to the point that each shareholder isn’t a billionair. My customers would happily have me work for free or negative prices.