Democrats want us to believe that there is some cohort of “good billionaires” who can be relied upon to fight for political progress. But as the right-wing turn of tech billionaires like Mark Zuckerberg and Elon Musk suggests, this is nonsense.
That is kind of true. But on the assumption that the corporation (in this case Costco) is doing more good than bad, like generating fair jobs, it would benefit most to see that business grow. If you dont generate profit because you distribute everything to your employees or customers, you will never be able to grow. So Costco will stay with 10 employees forever and only those businesses that exploit workers and customers can grow.
You could argue that there is really no need for businesses to grow as big ss many are today and I would completely agree, but that has to be regulated by law.
Non profits are a thing and they are able to grow, hell, you would expect them to grow more because less money goes to the pockets of a CEO and more goes to growing the company.
It can also make profit without billions going to the pockets of a single person, if that money was just redistributes to all employees the business would probably grow even faster because more qualified people would want to work there and would be happier working there.
Three scenarios:
The company makes 100B in revenue, pays its employees a fair wage, distributes 5B to the C-suites and makes 50B in total profit
The company makes 100B in revenues, pays its employees a fair wage, distributes 10M to the C-suites, distributes 9.99B in bonus to all employees and makes 50B in total profit
The company reduces its prices, makes 95.01B in revenues, pays its employees a fair wage, gives 10M to the c-suites, makes 50B in total profit
What’s the difference?
Hint: there’s no difference except the number of people being treated better
NPOs have CEOs as well and many earn salaries in the millions.
NPOs are the exact right example, though, but not for the reason you are talking about. Non-profit does not inherently mean lower-ranking employees get a bigger share.
The big difference is that NPOs dont have shareholders or owners, which is how billionaires become billionaires, by owning companies worth billions.
But you should know that most NPOs rely almost entirely on government grants and donations. They couldnt even survive a single year on their own revenues.
If you want to establish the NPO concept in the free market, you would need to ban private ownership of ocmpanies. It could work but there is no way it will ever be implemented.
Funny how you ignored everything but the non profit bit. The reason they rely on donations and grants is because they’re mostly charities, there’s no reason a private company couldn’t reinvest 100% of its profits and try to adjust its prices to be closer to breaking even. Hell, life insurance for road users works exactly this way around here, prices are adjusted based on how much they need to pay for claims and we’re the place that pays the least for that type of insurance in North America.
Tell me, from the companies’ perspective what the difference is between the three example I gave? You’re the one who said it’s not realistic to lower prices.
That is kind of true. But on the assumption that the corporation (in this case Costco) is doing more good than bad, like generating fair jobs, it would benefit most to see that business grow. If you dont generate profit because you distribute everything to your employees or customers, you will never be able to grow. So Costco will stay with 10 employees forever and only those businesses that exploit workers and customers can grow.
You could argue that there is really no need for businesses to grow as big ss many are today and I would completely agree, but that has to be regulated by law.
Non profits are a thing and they are able to grow, hell, you would expect them to grow more because less money goes to the pockets of a CEO and more goes to growing the company.
It can also make profit without billions going to the pockets of a single person, if that money was just redistributes to all employees the business would probably grow even faster because more qualified people would want to work there and would be happier working there.
Three scenarios:
The company makes 100B in revenue, pays its employees a fair wage, distributes 5B to the C-suites and makes 50B in total profit
The company makes 100B in revenues, pays its employees a fair wage, distributes 10M to the C-suites, distributes 9.99B in bonus to all employees and makes 50B in total profit
The company reduces its prices, makes 95.01B in revenues, pays its employees a fair wage, gives 10M to the c-suites, makes 50B in total profit
What’s the difference?
Hint: there’s no difference except the number of people being treated better
NPOs have CEOs as well and many earn salaries in the millions. NPOs are the exact right example, though, but not for the reason you are talking about. Non-profit does not inherently mean lower-ranking employees get a bigger share.
The big difference is that NPOs dont have shareholders or owners, which is how billionaires become billionaires, by owning companies worth billions.
But you should know that most NPOs rely almost entirely on government grants and donations. They couldnt even survive a single year on their own revenues.
If you want to establish the NPO concept in the free market, you would need to ban private ownership of ocmpanies. It could work but there is no way it will ever be implemented.
Funny how you ignored everything but the non profit bit. The reason they rely on donations and grants is because they’re mostly charities, there’s no reason a private company couldn’t reinvest 100% of its profits and try to adjust its prices to be closer to breaking even. Hell, life insurance for road users works exactly this way around here, prices are adjusted based on how much they need to pay for claims and we’re the place that pays the least for that type of insurance in North America.
Tell me, from the companies’ perspective what the difference is between the three example I gave? You’re the one who said it’s not realistic to lower prices.