Post
Topic
Board Politics & Society
Merits 2 from 1 user
Re: Bitcointalk with a socialist instead of an ancap in charge.
by
_Miracle
on 23/09/2021, 01:51:58 UTC
⭐ Merited by Cnut237 (2)

snip 'cause no one else will post a reply before I do   Grin

I always think about Tesla and Edison and what life might look like all over the world today if Telsa had been better at capitalizing on his ideas .

It is odd for us little people to wonder at a behemoth of a publicly traded company--- lamenting on the inequity of it all when the leaders of those corporations
are fiduciary to share holders and have the rights of persons but not the responsibility.
 "Citizens United"---one of the things I (futaliy but still try to) support in overturning
https://americanpromise.net/2019/04/5-reasons-we-need-an-amendment-to-say-corporations-arent-people/?gclid=Cj0KCQjwqKuKBhCxARIsACf4XuE3aMow_W0i_YhVh8KyhPYY6E3e6KGj8nN4yZSIZYJDzlzqHJdGl7MaAglsEALw_wcB

So if a CEO or CFO has a fiduciary duty to maximize profits it would almost be irresponsible to pay people more than you 'have to'.
We have a federal minimum wage in America of $7.25 it's been there for over a decade and while I don't agree with having one:
since we do, it should be tethered to some livable wage based in reality. The truly galling thing about it, is that the same politicians who decided not to raise it, get to vote on their own pay, benefits and retirement plans.

Walmart is an easy example.
My (otherwise) sweet aunty who doesn't want "her taxes going to pay for her neighbors house" (and will post that everywhere), doesn't have anything to say about corporate welfare or just observing the obscene profit margins and share holder payouts while the average person working there is eligible for food stamps and government assistance--- which is another way to subsidize corporations while denigrating a hard working human.  <---one of the paradigms I'd love to see shifting (less Limbaugh rhetoric)
Maybe we can shame companies into treating its employees better? Laughing but also...serious.

If you or I launder money, we go to prison if HSBC does it, they get a fine not close to touching the profit they made doing it.
If you or I  conspires to murder we go to prison. If a corporation calculates a potential human loss of life in say...
polluting waterways, they may get a fine or pay settlements, if their attorneys aren't good enough to get them out it.

Dan Price made a different choice and  I hope his company thrives as a good model.

"In 2015, Dan made headlines around the world when he announced to the entire Gravity team that he planned to raise the minimum wage for everyone to $70,000. He called the move a “moral imperative” to do the best you can for those you’re leading."


I'm not ready to scrap democratic capitalism but it needs more of us people to pay attention to the ways our individual liberties have been usurped in this top down fashion and for us to collectively reassert ourselves.
People do not have as much liberty as a corporation and I personally feel that's an affront to humanity----"the affront to humanity".