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> those profits flowed back into the US We are on the same page then - those profits do flow back to the US, but as huge pays for CEOs, executives and the uppe
by fermienrico 6y ago
> those profits flowed back into the US
We are on the same page then - those profits do flow back to the US, but as huge pays for CEOs, executives and the upper echelons of the company. This was the original premise of my argument, and you're right - it is not a zero sum game strictly speaking.
We haven't done enough to make sure the middleclass wages rise with the increased economic output. American wages have been stagnant [1] even though those companies have brought back wealth.
If there were laws that oversee buy-backs, disproportional executive pays, corporate taxes, and other systems that ensure that profits do actually benefit the nation - we would have been in a better position.
I am not a proponent of some kind of socialistic marxist society; Capitalism with strict laws and checks/balances is great.
[1] https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us...