Oh, isn't that sweet? Why only $10,000? Why not $100,000 each? Why not just divide up the profits equally among all workers at the end of the year? Who gives a s__t about the stockholders? Who gives a s___t about the fact that the entry level clerks don't do nearly as much or have nearly the skill of higher level executives? Let's just make everyone equal? Wouldn't that be nice?
“Why not just divide up the profits equally among all workers at the end of the year? Who gives a s__t about the stockholders? “
Actually, I think the entire stock market system is corrupted and needs to be done away with.
Stocks are no longer about raising cash to build a business.
“Who gives a s__t about the stockholders?”
Well, this is perfectly in keeping with the lawlessness that manifested itself in the “saving” of GM. Bondholders got zero’ed out, despite any reasonable interpretation of law, in favor of the unions.
In these little commie minds, every business is a collective, and all the “workers” are to be treated “equally”
Take $2B of stockholder value and give it to each employee as a $10k raise seems perfectly reasonable to these people.
And that’s the problem. The cure for communism is for people to live with the results of it. Right now with unemployment, EBT, Obola-phones, and disability-for-all everyone is deprived of the opportunity for learning the most basic economic lessons. No matter how stupid you may be in falling for this sort of stuff, you understand hunger and deprivation. That’s the cure for this sort of communism.
It seems we’ll be learning this en-masse, even though a good many of us already know.
$10,000 each would be $2,649,000,000 ... about 10% of profits. That’s the kind of math that makes some think it’s sensible, while forgetting it’s not theirs to decide.