https://www.dqindia.com/news/ibm-layoff-a-setback-for-us-workers-but-a-growth-opportunity-for-indias-tech-sector-8891138
3 replies (most recent on top)
"It only benefits, shareholders, and the executives of the company who get paid in stock bonuses. Millions and millions of dollars in stock bonuses. They should not be allowed in the US."
it is something like 93% of the stock market is owned by 10% of the population
how much do you want to bet that 10% does not contribute very much to society
also a lot of the market value is coming from US deficit spending (2 trillion/year), that money is just sloshing around and needs to go somewhere
Last time I checked. IBM was a US based company. How can this be good for the country? How does this help the American economy? How does this strength in America ? Make us better? The answer is , is it doesn’t . It only benefits, shareholders, and the executives of the company who get paid in stock bonuses. Millions and millions of dollars in stock bonuses. They should not be allowed in the US.. I am all for corporate profits if you benefit America. And employee Americans. And invest in America.
I am in favor of corporations paying a lower tax rate if they employ American workers. And invest in America. This is the major flaw with capitalism.
There is an analogy,
Transplant a healthy tree from a fertile land with pure spring water to a dump, irrigated with sewage water. How long can the tree survive?