The big divide in the US is not so much between Republicans and Democrats as between people who invest and people who don’t. For a man of his means who is running for America’s second-highest office, Tim Walz is on the wrong side.
God forbid a leadership position go to someone not in the ownership class!
In 2022, 58 per cent of Americans owned stock, either directly or indirectly through mutual funds. Based on his 2019 financial disclosures and his 2022 tax filings, the Democratic vice presidential nominee is not one of them.
So? The average American, who has maybe a 401k and some options thru their company, still has more shared class interests with someone who owns no stocks whatsoever than with someone who doesn’t have to work for a living.
The rest of the article fails to load, but looking at the author’s other pieces, we see she thinks price gouging is a myth and that another recession might actually be a good thing. She’s either so out of touch she may as well be from outer space, a soulless corporate sellout, or intentionally writing ragebait with an economic coat of paint.
Publicly traded companies blow my mind a little bit.
It’s not enough to make steady, consistent profits. Give out reliable quarterly dividends and make it so your investors make their money back plus a little extra over time. Free money is not enough for the ownership class.
Growth isn’t enough either. Buying something for X and selling it for 1.1X so you make money even without a dividend isn’t enough for the investor class.
You have to grow infinitely. You have to grow faster than everyone else. You have to beat the projections. Make your product smaller and shittier & sell it for the same price. Lay off 10% of your workforce after record profits to cut costs. Force ads and subscriptions and data mining into every possible space. Undercut your smaller competitors until they fold, then jack up your prices. Break the law, fuck over your workers, buy out politicians, move your production lines to countries with no labor laws.
Being publicly traded actively rewards evil and anti-human behavior.