I don’t want to put words in your mouth, but are you saying that the workers who built these companies shouldn’t be compensated through stock for their contributions? I’ve just heard your argument a lot and I think, OK, if they don’t really control that much wealth, why not spread it around. They wouldn’t be losing anything, or not much of value. Really need to have a tax on wealth, above a certain level, in my opinion at least.
Oh, and on the web version of Lemmy, there should be an edit button at the bottom of your post.
Ah thank you, I’m testing out an app and it must not be built in yet.
And these folks should totally share their share of the company value with employees! I think that’s excellent compensation because it helps everyone it’s given to. Those that need money now can sell and have cash, those that don’t can save it for a rainy day/retirement. These billionaires should NOT have this level of value to their name. They deserve more money than anyone else in the company gets, because they’ve worked their way to the top, but like… not a fraction of what they actually receive.
They deserve more money than anyone else in the company gets, because they’ve worked their way to the top
This is fallacious. Their status is not generally a product of their hard work and dedication. It’s often the product of a mix of luck, nepotism, screwing people over on your way up, lying, and other ethically questionable activities. I’m not saying that they have done literally zero work to get to where they are, but not only do I not consider what they did productive or beneficial to anyone in any way, but if they left their morals at the door in order to make that climb, there’s nothing about them or the situation to be respected.
Then you have to consider the ethics of allocating money: the marginal benefit of $1 to a billionaire is figuratively infinitely less than the marginal benefit of $1 to someone in poverty. If the purpose of wealth is to better one’s life, and not solely to be amassed, then there is no need for the billionaire to get anything more.
From each according to his ability, to each according to his needs. (Karl Marx, 1875, Critique of the Gotha Programme)
I don’t want to put words in your mouth, but are you saying that the workers who built these companies shouldn’t be compensated through stock for their contributions? I’ve just heard your argument a lot and I think, OK, if they don’t really control that much wealth, why not spread it around. They wouldn’t be losing anything, or not much of value. Really need to have a tax on wealth, above a certain level, in my opinion at least.
Oh, and on the web version of Lemmy, there should be an
editbutton at the bottom of your post.Ah thank you, I’m testing out an app and it must not be built in yet.
And these folks should totally share their share of the company value with employees! I think that’s excellent compensation because it helps everyone it’s given to. Those that need money now can sell and have cash, those that don’t can save it for a rainy day/retirement. These billionaires should NOT have this level of value to their name. They deserve more money than anyone else in the company gets, because they’ve worked their way to the top, but like… not a fraction of what they actually receive.
This is fallacious. Their status is not generally a product of their hard work and dedication. It’s often the product of a mix of luck, nepotism, screwing people over on your way up, lying, and other ethically questionable activities. I’m not saying that they have done literally zero work to get to where they are, but not only do I not consider what they did productive or beneficial to anyone in any way, but if they left their morals at the door in order to make that climb, there’s nothing about them or the situation to be respected.
Then you have to consider the ethics of allocating money: the marginal benefit of $1 to a billionaire is figuratively infinitely less than the marginal benefit of $1 to someone in poverty. If the purpose of wealth is to better one’s life, and not solely to be amassed, then there is no need for the billionaire to get anything more.