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0 pointsilyt3y ago0 comments

But it's not how economy works.

People on top of the company don't make anything but earn more than anyone that does, Not like 2x more or 5x more but 10-1000x more. There is no person on earth that produces million of value a month in actual improvement of society, aside maybe a world leader that stops a wary from happening. Not a man in widget company making beepy boxes that spends time on meetings about barely related to that. And then neither them or corporation gets taxes nowhere close to what the normal employee is, so the corporate wealth doesn't even benefit the country it is in.

The whole problem is that any improvement in production is only tangentially passed to society and mostly exploited to make few wealthy

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vc8f6vVV3y ago

> And then neither them or corporation gets taxes nowhere close to what the normal employee is

How did you figure that? Corporate tax rate in the US is 21% which is roughly equivalent to an effective tax for a single filer with about $180K in income. Can't say we are talking about "normal employee" here. Besides if you are talking about dividends (which are distributed _after_ 21%), there is a dividend tax on top of that, which, depending on your share class, can be the same as a normal tax rate. So yeah, nowhere close, usually +21% for the preferred stock.

Also don't fall to that communist idea. I grew up in the USSR where we had a "fair" distribution (no, it wasn't fair) -- trust me, you don't want to live in that world. There were some upsides, but still, and it didn't end up well.

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vc8f6vVV3y ago

> And then neither them or corporation gets taxes nowhere close to what the normal employee is

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