Comment on Microsoft CEO's pay rises 63% to $73m, despite devastating year for layoffs
queermunist@lemmy.ml 4 weeks agoAs long as they’re generating profits then that wealth will not go to the people who lose their jobs. They’ll just be a surplus population.
Potatisen@lemmy.world 4 weeks ago
*in America
Americans have to realise there are other ways to run a country. What’s going on there isn’t normal for the rest of the world.
queermunist@lemmy.ml 4 weeks ago
Profits by definition only go to the owners and investors. Once they’re seized by the government they’re no longer profits, they’re company expenses.
Potatisen@lemmy.world 4 weeks ago
Those are the only two options?
queermunist@lemmy.ml 4 weeks ago
For corporations, yes. Profits are always the money left after expenses that are taken as surplus. I suppose there’s also cooperatives, which redistribute the profits to the member-owners.
But profits are for the owners. That’s how private property works?
sorval_the_eeter@lemmy.world 4 weeks ago
Most Americans have never owned and will never own a passport, and they dont read much. 60% of them live paycheck to paycheck too. So they dont know and they dont have the time or energy to care.