3 ms·

So the people that gain the most income from stock decide to limit the income of those who don't. So their salaries effectively increase.

heywhatupboys 3y ago
[flagged]
- refulgentis 3y ago
  anti capitalist? hardly
- norir 3y ago
  What is with this blatant pro capitalist bulls... almost everywhere for the last two centuries
  - heywhatupboys 3y ago
    because capitalism works. Any other system, not including its moral lacks, has failed and lead to corruption and poverty. Capitalism has carried more people out of poverty in the past 30 years than any other form of progress. With it freedom has been brought
- strangattractor 3y ago
  First time I have ever been called "anti capitalist" and I've been called many things:} Believe it or not there are employees of M$ that do not receive stock as compensation. Those of us (I include myself) that do live in the capitalist/libertarian bubble and get such things tend to forget that. These non-shareholders are also the ones most impacted by inflation and tend to work hourly. I was not trying to imply there is some grand conspiracy. I was however trying to point out how the incentives of large companies are structured and are often skewed. God forbid any of those non-shareholders try to form a union. Maybe it would be good if more people in the bubble walked a mile in some one else's shoes.
- AtlasBarfed 3y ago
  Oh boy, the ownership society from Bush Jr. I own 100 stock and are paid 150,000 - coder I own 1,000,000 stock and are paid 1$ and 150,000 stock - CEO - CEO: "I am freezing wages" - Stock goes up 10% Year to Year (say 100->110$) - inflation was 10% coder: salary is effectively 135k, ($15k loss), stock went up 1k CEO: salary is down to 90 cents (10 cent loss), stock went up $10,000,000) HN commenter who apparently things they are some great economist but quite obviously can't do basic math: "But everyone gets to own stock!!!" So to the meat, does the employee have the option to be 100% compensated in stock? NO. The CEO is effectively compensated that way, and LOVES IT because the effective tax rate on long term capital gains is 15%. You know, I would have LOVED to have been compensated in 50% stock or some equivalent with stock options (backdate me pleeeze like the CEO of UHG got to!) So maybe I'd take your dumb comment at face value if everyone got to participate in the great executive tax fraud, but... we don't.
  - heywhatupboys 3y ago
    the employee could just buy stock for his/her wage

heywhatupboys 3y ago

[flagged]

refulgentis 3y ago
anti capitalist? hardly
norir 3y ago
What is with this blatant pro capitalist bulls... almost everywhere for the last two centuries
- heywhatupboys 3y ago
  because capitalism works. Any other system, not including its moral lacks, has failed and lead to corruption and poverty. Capitalism has carried more people out of poverty in the past 30 years than any other form of progress. With it freedom has been brought
strangattractor 3y ago
First time I have ever been called "anti capitalist" and I've been called many things:} Believe it or not there are employees of M$ that do not receive stock as compensation. Those of us (I include myself) that do live in the capitalist/libertarian bubble and get such things tend to forget that. These non-shareholders are also the ones most impacted by inflation and tend to work hourly. I was not trying to imply there is some grand conspiracy. I was however trying to point out how the incentives of large companies are structured and are often skewed. God forbid any of those non-shareholders try to form a union. Maybe it would be good if more people in the bubble walked a mile in some one else's shoes.
AtlasBarfed 3y ago
Oh boy, the ownership society from Bush Jr. I own 100 stock and are paid 150,000 - coder I own 1,000,000 stock and are paid 1$ and 150,000 stock - CEO - CEO: "I am freezing wages" - Stock goes up 10% Year to Year (say 100->110$) - inflation was 10% coder: salary is effectively 135k, ($15k loss), stock went up 1k CEO: salary is down to 90 cents (10 cent loss), stock went up $10,000,000) HN commenter who apparently things they are some great economist but quite obviously can't do basic math: "But everyone gets to own stock!!!" So to the meat, does the employee have the option to be 100% compensated in stock? NO. The CEO is effectively compensated that way, and LOVES IT because the effective tax rate on long term capital gains is 15%. You know, I would have LOVED to have been compensated in 50% stock or some equivalent with stock options (backdate me pleeeze like the CEO of UHG got to!) So maybe I'd take your dumb comment at face value if everyone got to participate in the great executive tax fraud, but... we don't.
- heywhatupboys 3y ago
  the employee could just buy stock for his/her wage