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Yes, but you're missing the half of the equation where everyone who is a senior employee gets granted or grants themselves large amounts of stock options, then
by situational87 7y ago
Yes, but you're missing the half of the equation where everyone who is a senior employee gets granted or grants themselves large amounts of stock options, then decides to funnel this tax free hoard of wealth into stock buybacks.
It's the most direct and massive transfer of wealth from normal and poor people to rich in the history of any society. It's disgusting and despicable, anyone who owns equities in 2019 needs to recognize they have become a part of this amoral system and work to reform it.
We are literally destroying billions of dollars every day to enrich a handful of shareholders (who are already the richest humans that ever lived by any metric). It's the greatest misallocation of resources in the history of humanity squared, and it's only increasing.
Google broke records and made headlines by announcing an unprecedented $25 billion in buybacks for this quarter. Everyone else copies Google. This heist is happening right now, today, in the open, and it's totally legal.
- jussij 7y ago> Google broke records and made headlines by announcing an unprecedented $25 billion in buybacks for this quarter. This sort of tax avoidance has been going on for decades. As just one example see the link below to see how Google has been avoiding it's tax responsibility here in Australia: https://www.smh.com.au/business/google-paying-a-fraction-of-the-tax-in-australia-it-should-20150208-139176.html https://www.smh.com.au/business/google-paying-a-fraction-of-... If that same level of tax avoidance was perpetrated by an individual they would be facing decades in prison.
- m-p-3 7y agoImagine all these uncollected taxes that could be used to properly fund public services like healthcare, etc. These businesses are actively stealing the citizens from their essential services.