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> 1. Americans need to buy and hold equities. Period. When Google cuts costs or makes more money, I benefit as a shareholder (or you can hold total market index
by bendbro 6y ago
> 1. Americans need to buy and hold equities. Period. When Google cuts costs or makes more money, I benefit as a shareholder (or you can hold total market indexes and the like).
Yes, but it is not good that your "compensation" will be coming from something that isn't tied to your job performance. Wages at least have some tenuous connection to how well you perform at work.
> 2. Maybe the money will go to new hires, capabilities, expenditures, etc. ?
Based on recent trends, this will not happen.
> 3. Sure, but this is certainly a good arguing point against immigration, population growth and H1-B visa programs and the like.
Yes, definitely.
> 4. Increase taxes on the wealthy, etc.
Yes, or nationalize the banks.
- ericd 6y agoWhy is it bad that part of your compensation comes from things that aren't tied to your performance at work?
- Proziam 6y ago> Yes, but it is not good that your "compensation" will be coming from something that isn't tied to your job performance. Wages at least have some tenuous connection to how well you perform at work. It also doesn't account for the fact that these equities can lose substantial value, or may be over-valued. > Yes, or nationalize the banks. Re-implement the Glass-Steagall Act, or similar. Nationalization leaves the levers of power in the hands of the wrong people. Keeping commercial and investment banking separate while implementing strong consumer protections was shown to work well in the past. Also, it has shown that the repeal massively reduced the amount of banks (killing competition) so it stands to reason that trend could be reversed and improve the consumer banking experience over time.