No, but that work should be generating profit, and almost every employee should share in a higher percentage of those profits. Those at the top just make sure the profit increases, they don’t actually earn it, yet they get the far higher share. It’s the workers who actually create the profit, and they should be compensated with a much higher percentage of those profits.
Of course, that means lower profits for the company, but if employees are getting fairly compensated, then they will have more buying power, and corporations will make up the difference in lower profit margins with increased sales volume from workers with expendable income.
Is it though? What is wealth made up of?
Assets is one thing. So you inherit a castle that keeps increasing in value.
Tax wealth not work is a slogan in the UK right now from Gary Stephenson of Gary’s Economics.
There’s a difference between workers and work. I don’t own the work I produce for my boss.
Unless it fucks up amirite lmao
No, but that work should be generating profit, and almost every employee should share in a higher percentage of those profits. Those at the top just make sure the profit increases, they don’t actually earn it, yet they get the far higher share. It’s the workers who actually create the profit, and they should be compensated with a much higher percentage of those profits.
Of course, that means lower profits for the company, but if employees are getting fairly compensated, then they will have more buying power, and corporations will make up the difference in lower profit margins with increased sales volume from workers with expendable income.
That castle was built from corporate profits that almost certainly came in part from severely under-compensating employees.
Which are now long dead. So we tax the wealth that is the castles value.
I was referring to the castle metaphorically, as if it were any large purchase by a Sociopathic Oligarch. Substitute mansion or yacht for castle.
And we should tax all forms of revenues for the wealthy, including income, investment, capital gains, inheritance, etc.
And we should tax the shit out of churches.
Ah see I was talking like a King inheriting a castle.