why would they wanna take away our stock shares?
transfer to social security administration or to general fund?
transfer to social security administration or to general fund?
Stock Market talk with Home Depot founder
- Thread starter appalachiatiger
- Start date
Unsurprisingly, Biden didn't do a good job of articulating the move from "shareholder driven" to "stakeholder driven"- but this shift is already well underway and is being supported by people like Larry Fink of Blackrock. Obviously, these sentiments aren't universally embraced (Warren Buffet isn't on board, for example) but the ideas are catching on as a way to combat the increasing wealth/income disparities. The unsaid reason for Fink's embrace is that unless there's a shift, workers will revolt. In order to avoid the torches and pitchforks, the model needs to be tweaked to appease the workers and consumers. Interesting debate, but not the radical move Cavuto is making it out to be.
I’ll preface this by saying I haven’t watched the video, but I’ve read a little about this recently. My main flaw with the argument... anyone is free to invest. You don’t need an employer to invest in the stock market. Invest a percentage of what you make every month. Some are able to invest more than others, but that’s no reason for a revolt.
Yes, but you have to earn legal money and usually that requires work. Drug dealers, anarchist, pimps, revel rousers, and the like usually don’t get a w2 or 1099. They can’t invest their money unless they launder it. So, it’s not fair to them. It’s much easier to have something given to you
This has more to do with how companies are run and how labor is treated (paid). This article is a pretty good primer on the topic and also offers an interesting historical perspective.https://prospect.org/economy/shareholder-capitalism-came-town/
Thank you for your thoughtful and nuanced contribution to the discussion.
That's not at all what he's saying. Cavuto & Marcus know exactly what stakeholder capitalism is and are intentionally misleading in this segment.
Last edited:
The reason for revolt is pretty simple, CEO's and upper management get bonuses that are exponentially larger than "regular employees'" salary. Spare me the replies, I know them all, and I have mixed feelings about them. It's a complex issue, there isn't a clear cut right and wrong answer. What I don't have mixed feelings about is people who get to make the rules should have to follow those rules, whether it's in business or politics. If the rule is good enough for me and you, it's good enough for them.
The responsibility of saving and planning for the future falls on more than just the government and corporations. Most people are absolutely moronic with how they spend and save money. I’m not talking about food and shelter or any other necessity in life. I’m talking about the $30,000 millionaire who drives cars they can’t afford and buys clothes that they shouldn’t. When you get a paycheck, the newest pair of shoes or video games shouldn’t be your first thought.
Basically, people by and large are not smart. I don’t know whether it’s a misunderstanding of basic finance or a lack of caring.
Basically, people by and large are not smart. I don’t know whether it’s a misunderstanding of basic finance or a lack of caring.
That is true, and yet has nothing to do with the topic at hand.
Communist are alive and active in the US
So I’ve read the article and want to apologize I made an assumption of where you were headed with your point. I agree trickle down is failing massively and I would honestly like to see what a universal income would do while keeping a democratic capitalistic approach. I think we can achieve this without raising taxes and instead eliminating unnecessary expenses. I also don’t know what the exact answer is, but I don’t think we should immediately take strict and harsh measures because that would inevitably cause harm to the individual more than the
Let me try again: without capitalism via the capital markets, we have communism/socialism or some other government run state. I would rather people get their own house in order and take responsibility for their own actions as opposed to having the government do it for them.
No one is suggesting doing away with capitalism or capital markets. (Well, I’m sure someone is- but that’s not the goal of moving to stakeholder approach.)
That’s fair, And very likely where we are heading even before what’s happened over the last few months with the sharp rise in ESG.
raising entry level wages to a livable wage is all thats needed
sure guys would lose their second and or third homes, but its better than a labor revolt by the poor working class.
maybe have businesses automatically give every employee a 6.7% raise and eliminate the contribution to the general fund under social security
man we are trying to get to mars to claim the resources for our gdp. that would be huge
instead we are consumed with things that dont add to the gdp
instead we are consumed with things that dont add to the gdp
