If all the rich people did that, then think of the new inflation rates we will have.There's no doubt in my mind that the last thing the rich man thinks about is putting more money into the pockets of his workers.
While I don't disagree in general, there are a number of cases where employers went to extremes to the benefit their employees costing them (the employer) a considerable amount of money in the process.There's no doubt in my mind that the last thing the rich man thinks about is putting more money into the pockets of his workers. And if he does, it will really be a byproduct of his intent.
Same here.Probably quite a few at the moment. Markets have been pretty good. We have noticed our retirement funds are growing faster this year than we are taking out of them. For a year or two that was not the case. Maybe we should give ourselves a raise.
I guess you never bought anything from Amazon or any of the other 15 companies Bezos owns.Who cares if Bezos has umpteen billion dollars? He didn't take it from my pocket. I like to think the financial decisions made by Gates, Buffet, Bezos et al also increased my investments value. I own stocks. If they make the market go up, my investments go up with theirs.
What does that have to do with anything? When I purchase from Amazon, I exchange my $50 cash for an item worth $50. My personal wealth is unchanged. The manufacturer pays a small fee to Amazon for the convenience of having the product listed there, saving me the time and effort of comparison shopping across many different websites. Since Amazon prices are comparable to buying direct from manufacturer, I am still not out anything extra.I guess you never bought anything from Amazon or any of the other 15 companies Bezos owns.
This might have been the first shoe to drop;The rich get richer and the poor get poorer by increasing inflation and raising interest rates. Which moves money from the middle and lower class to the upper class. Anything that increases costs to a business gets passed on to consumers which gets passed to the rich. Any increase in money supply gets passed to the rich. Its called trickle up economics.