And now they are firing people for AI. Not just low level jobs. Software developers and engineers to then rape the land even more and build data centers. We are approaching the part of Capitalism where it's going to become like Feudalism.
I remember how, back in... I think 2020? 2021? A CEO got on TV and declared, in an angry and insistent "this is the ONLY way forward" voice, that the way to fix the economy was for the government to end ALL corporate taxes for two years.
I remember thinking, "bold of him to be that open about his evil."
There is only 2 things that goes into the price of any products. labor and profit. Labor (salaries) is what the next person in line get to cover the full cost of what they themselves buy. So the more profit there is on products. the less the labor salary can cover the price of products. Now look at the trend of company products vs the salaries over the years.
Material are just another labor + profit feom a prior link in the chains. material are from source free Gold itself as a material is free. but it cost money to have someone dig it out. Water ? free Apples. again free. but it cost money to have someone pick it clean it. transport it etx.
Taxes are again just labor + profit for what the tax money gets used on and the people involved in managing it (unless they are corrupted out and then they ae just profit for some company) in the end all moneyts ends up at either you pay for someone to do something or you keep the money.
"Funny" thing is the most expensive yacht ever built is just a couple billions $ while each billionnaire has access to hundreds of billions of dollars, it's the equivalent of groceries money to common folks to them.
HolyFreakingToast
we got trickled on
DecapodianSaysWoopWoopWoopWoop
https://media3.giphy.com/media/v1.Y2lkPWE1NzM3M2U1NmdrczU5MnBhOHcxNWczZXVidDM2M3prc2Npazd6bm9lNmZ6b3ludSZlcD12MV9naWZzX3NlYXJjaCZjdD1n/gTviM5HfTDKapOJ8eL/200w.webp
TheFastpaws
It is indeed a shitty time.
EllisHobbs
Gee...it's almost like it was bullshit.
NCPilot
It's almost like they were lying!
BeaverOnFire
torokunai
US corporations are earning, after-tax, $4T/yr or $12,000 per capita in the US...
This is up from $2000 - $4000 (2026 dollars) we saw from 1960 - 2000:
https://fred.stlouisfed.org/graph/?g=1WYn4
CaldariBob
Surprise!
djangojazz
And now they are firing people for AI. Not just low level jobs. Software developers and engineers to then rape the land even more and build data centers. We are approaching the part of Capitalism where it's going to become like Feudalism.
oozabooza
Selfinflictedwounds
Oddly enough, the money from those tax breaks did not, in fact go to hire workers, cut prices, and give everyone raises..
Some how, all that money went towards CEO pay, stock buy back schemes and so on. Shocking, I know. I could not believe that either
Alykat06660
Reagan!!!!!
jargonmon
BeaverOnFire
nevernotsure
Like a golden shower
BeaverOnFire
ArkoneAxon
I remember how, back in... I think 2020? 2021? A CEO got on TV and declared, in an angry and insistent "this is the ONLY way forward" voice, that the way to fix the economy was for the government to end ALL corporate taxes for two years.
I remember thinking, "bold of him to be that open about his evil."
TripleDane
There is only 2 things that goes into the price of any products. labor and profit.
Labor (salaries) is what the next person in line get to cover the full cost of what they themselves buy.
So the more profit there is on products. the less the labor salary can cover the price of products.
Now look at the trend of company products vs the salaries over the years.
NickRivieraMD
uhhh. labor, overhead, materials, taxes, profit. But the essence of what you're saying is true.
TripleDane
Material are just another labor + profit feom a prior link in the chains.
material are from source free
Gold itself as a material is free. but it cost money to have someone dig it out.
Water ? free
Apples. again free. but it cost money to have someone pick it clean it. transport it etx.
TripleDane
Taxes are again just labor + profit for what the tax money gets used on and the people involved in managing it (unless they are corrupted out and then they ae just profit for some company)
in the end all moneyts ends up at either you pay for someone to do something or you keep the money.
Silver420Surfer
Now? or still not convinced?
wobblecopterrrr
yaught money
Blimjoe
Reads like you are from BAWSTAHN
Poppypoppoppop
"Funny" thing is the most expensive yacht ever built is just a couple billions $ while each billionnaire has access to hundreds of billions of dollars, it's the equivalent of groceries money to common folks to them.
SmergBlaerghl
The government yote all the money at the 1%
RadishRabbit
Heh - yote. Past tense of yeet
TChallaVanDam
Yaughta make ‘em give that money back.
wobblecopterrrr
the urchins can keep it...
CyberHexx
Yacht* but you right.
nclu
Y’aught to have been paying your workers with this money
thebeard19
Who needs to know how to spell yaht if we will never own or enjoy a ride on one
LateNightBunnyParty
You'll never see my ass on a yot.
wibbIywobbIytimeywimey
No, no.. I think yaught is like yeet, but for boats or something..
NZSheeps
TimbiquiDarkThirty
Yaught not to yeet the yawl.
wobblecopterrrr
sure, that's what I meant.. my wobbly compatriot ;)
EstoyPoopis
LOL. I thought you were just doing another veRsiOn oF ThiS.