Thread regarding Lowe's Cos. layoffs

@12MW02aM-4nec

Exactly. As everyone knows, on the Savanna as hunter gatherers before money or property or agriculture we still had a finance based social hierarchy.

Amazing how people dwell on stuff they can't control just to complain. We all want to be rich but only a select few are. Complaining about it gets you know where. Stop the insanity. It will forever be this way no matter who is president or what time period it is..

What I keep coming back to is the fact that the looming threat of automation is viewed as just that, a threat, is all you need to reveal the pretzel logic behind the curtain of our economic system.

Growing wealth inequality is nothing new unfortunately, but like the scorpion and the frog, we'll both be halfway across the river when the scorpion will sting us and drown us both. It's not in anyone's self interest but it doesn't matter, this ship has no rudder.

Post ID: @12MW02aM-1fnj

to the guy who thinks what i said was the dumbest thing ever. nah....actually its how businesses use to be run.you know...before it became only about making the super wealthy another dollar and making irrational decisions with the yearly profits or taking out that much more debt in order to do just that....you know...its about investing in tomorrow...realizing that in order to take care of the shareholders you have to first take care of why you exist as a business in the first place....and that market you think you know so much about....time for you to do a history lesson on what it actually meant to "go public" when the stock market was created. you actually had to prove it was in the publics best interest to go into the stock market....had to have a detailed plan for what youd use the funds for...had to benefit the public...and there had to be an exit date. otherwise...well....you devolve into what we have today....buybacks....funneling business profits to wealthy elites. no longer investing into the long term health of your business etc. etc.

and if you dont understand what i meant by your out of contextually quoting me...maybe this forbes article will help you understand.... https://www.forbes.com/sites/petergeorgescu/2020/01/02/cut-costs-the-hard-way-put-people-before-short-term-profit/#7961c2253c3e

but i imagine you own "a little stock" and think youll live comfortable on your investments....all the while living with the massive blinders that everything around you is being heavily devalued and the tidal wave of the ultra wealthy trying to turn us all into peasants on their plantation will eventually sweep you under as well

Anyone on here who thinks the Greedy Billionaires and Corporations are doing good is FOOLISH!!!!!!!!!!!

We used to buy and own Blue Chip stocks in companies that focused on the long term growth and health of their company. Companies like IBM, GE, GM, USS, etc, etc, etc.

Then the Wall Street Robbers began their thievery. Now our country is so far in debt we’ll never see the light of day.

Only the top 10% that committed this crime have the wealth now. Do you think they give a sh–e about people?!?!

VERY TRUE!

One problem is the younger generations don’t even realize what they’ve lost. Corporate America and the Hedge Funds have Destroyed the Middle Class!!!

We used to have Small Business employing the majority of people. The Middle Class was the majority. They owned their own businesses or worked for small to medium businesses. The focus was on building our communities and personal independence.

Today, these Corporations and the Billionaires are destroying our country, the environment, and Social Structure.

“ALL IN THE NAME OF GREED”

“we must demand businesses invest in their existence and not simply exist to make shareholders more money!”

Dumbest quote ever. The only reason people invest in companies is to make a return on their investment. Companies sell stock for the sole purpose of raising money to reinvest in their business. There should be restrictions on options granted to corporate executives. That’s when they get shares for pennies on the dollar. They usually sell those shares rapidly. But more important to make the target to get those options. Many executives just cut salaried employees,

47% of debt is now held by corporations....10 trillion dollars!! a record! the fox is no longer guarding the hen house...hes wholesale ransacking it. transferring debt to the overall economy and pocketing the wealth.

lock them up!

https://markets.businessinsider.com/news/stocks/us-corporate-debt-10-trillion-record-percentage-economy-expert-warnings-2019-12-1028731031#international-monetary-fund1

i, OP, dont hate the wealthy either when their riches are EARNED. whats going on in corporate america right now is far from earned income.

i don't hate the rich....there are good and bad in that category just like any other. What i absolutely abhor is when stock options are given to executives as "compensation". Let them buy their damn stocks like the rest of us would have to. It also lends itself to morally bankrupt policies that are designed just to get a short term bump in the stock. And yes, the practice of stock buy backs should be ended.

It is all about the great criminal disparity. It is all tilted in their favor. Like Marv’s 14 Mil in compensation last year. He does not honor the employees. Just useless store fools to get him and the hedge fund cronies to the next level. It is all about his self-enrichment.

https://www.reuters.com/article/us-global-markets-decade-credit/the-decade-of-debt-big-deals-bigger-risk-idUSKBN1YY09Y

the corporate class has come to realize they arent being stopped and are loading up on debt in order to engage in this transfer of wealth. ask yourself when the sh– finally does hit the fan who will suffer most? them? the ultra wealthy? or us? it will be us. back in 2008 when the so called financial crisis hit the ultra wealthy actually used it as a buying opportunity when main street struggled to pay their bills and dumped all their stocks as a result.

the stock market boom we are seeing right now is an obvious mirage. earnings are actually not all that great but the market continues to massively rally as more and more buybacks are conducted. this is billed as a way to be competitive as a business, but its just the opposite as the wealth of the business is transferred over to the wealthy shareholders.

we must demand businesses invest in their existence and not simply exist to make shareholders more money!

the corporate tax law that was passed had one obvious flaw from the beginning! when allowed to go down from 35% to 21% there was zero provision for how businesses should invest that tax savings and in turn they in lockstep turned that savings right over to wealthy shareholders.

the corporate tax law did nothing for employees or the investing in businesses to be more competitive...it just went into the already wealthy, greedy pockets.