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There are people who work, such as the young programmers in SoMa who work 50/60/70+ hour weeks pounding out code for startups, who after rent and such don't hav
by obrero 11y ago
There are people who work, such as the young programmers in SoMa who work 50/60/70+ hour weeks pounding out code for startups, who after rent and such don't have much savings piling up in the bank, nor much of a social life. These are the people who work, who create wealth.
Then there are the parasites - the heirs whose families haven't worked in living memory. The LPs give money to the VCs and whoever else does Series-A type rounds nowadays, who filter it to the CEOs. Unlike the poor 22 year old sap, they have their bets spread. Once a Facebook, or Google, or Oracle gets big enough, they start extracting their profits from the monopoly type situation they created, and from the wealth the workers have been creating.
Labor organizes into unions so that the people doing the work, the workers, get to keep more of the wealth they create, as opposed to the money going off in dividends to these parasitic heirs. The parasites hate organized labor, because it prevents the parasites from expropriating more surplus labor time from people who work and create wealth.