Be gone, bloodsuckers! I will seek employment at places of businesses that are not so foolish to waste so much money on a chief executive. And wouldn't you know, that is the vast bulk of them. The vast bulk of business owners and executives are not in fact billionaires. That represents a failing. Zuck took advantage of his legal rights to the company to enable that compensation. If the shareholders had better control of the shares with voting rights (zuck possesses super shares so that he cannot lose majority voting control) they would have never let that happen for zuck. He is as much a parasite to his own investors as he is to wider society. Greater even, as that is more directly their money that he is spending fueling up that boat.
Fun story. Massachusetts decided they were going to go after wealthy people by taxing the sale of yachts built in the state. The wealthy simply bought yachts elsewhere, and many thousands of craftsmen were out of a job. The state rescinded the tax.
Like Jeff Bezos. And I personally know a couple wealthy people who moved there to avoid recent taxes. A real estate agent I talked to recently said that half her clients were selling their homes to move away from WA taxes.
Who are you gonna tax when they leave?
"what percentage of federal taxes do the top 1% pay?"
and the response:
"38.4% of all federal individual income taxes."
2. income comes from many sources, not just wages. Capital gains taxes, for example.
Top 1% wage earners is not the top 1% wealthiest.
By all means, let Zuck and Musk and their ilk become trillionaires. That's definitely going to make our lives better. It should trickle down after all. Waiting any day now.
Have you ever paid Meta anything? Has Meta ever taken any money from you?
> He is as much a parasite to his own investors
None of his investors were unwilling. They can also pull out any time they want.
The irony of places like NYC and SF: so much need from education to sheltering and feeding homeless to building out transit or bettering healthcare outcomes. And yet, two hands raise in the air in a shrug, no money for it is the claim. But also yet, steps away from these problems in these two cities, mindbogglingly vast flows of money, the skim of which would solve all these problems occurring outside the doorways of these buildings.
A tough nut to crack I guess.
Or did you freely give it to him in exchange for a product?