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I don't see why this logic does not equally apply to debt and financing, which are the structural foundation of capitalism.
by danharaj 11y ago
I don't see why this logic does not equally apply to debt and financing, which are the structural foundation of capitalism.
- SilasX 11y agoI answered that here: >>Any other arrangement is forcing the employee to become an investor, in which case the usual protections should attach. The return is speculative? Then you're an investor. The return is part of your promised compensation package? It shouldn't be (modulo the ability to predict reasonable RoRs, etc.)
- sophacles 11y agoI think there is an aweful lot of handwaving that goes on... Largely the justification for owners of equity get rewarded for taking a risk, and the employees get wages less than the full value of their output because they take no risk. If they are taking no risk, then any pension plan should also be risk free, not a hidden tie-in to the risk used to justify their pay.