Top 1% of Americans Have Taken $50 Trillion From the Bottom

[justme]

Have we talked about this? Did I miss this last year? How did I miss this?

So I was on another site and in a comment saw this study mentioned. And holy shit y'all!


time.com/5888024/50-trillion-income-inequality-america/

If the income distribution that existed in the 3 decades after WWII held through til today, then those at the bottom would have an extra $1000+ PER MONTH in their pocket. That's a lot of damn crab legs. 

If you read further down someone making $72k is missing $48k-63k per year due to the top 10% taking up all the wealth. 

Reading this is just insane and maddening.


Mods - I thought this was more money based the politics, but feel free to move if it devolves to that. 

[thyme4change]

You mean trickle down did not trickle?

Sounds like some voodoo shit to me.

[jerseygirl]

Wealth is not a fixed amount that is divided but there has been wealth created - Jeff Bezos, Mark Z, Steve Jobs
They ‘took’ from lower income by people giving their companies $ creating wealth . I bought several Apple iPhones, Amazon orders, etc

[pulmonarymd]

Proud mean they paid crap wages to enrich themselves

[billisonboard]

Oct 28, 2021 15:00:54 GMT -5 jerseygirl said:

Wealth is not a fixed amount that is divided but there has been wealth created - Jeff Bezos, Mark Z, Steve Jobs
They ‘took’ from lower income by people giving their companies $ creating wealth . I bought several Apple iPhones, Amazon orders, etc

All the wealth in the world has been and always will be exactly 100% of the wealth in the world. At question is how that 100% is divided up.

[formerroomate99]

First off, the world did not begin in 1950. For most of this country‘s history, if you didn’t have some kind of specific skill set, you weren’t going to be able to afford a house in the burbs and a wife who didn’t have to work. The postwar boom was due mainly to the fact that the United States was the only industrialized country whose infrastructure wasn’t bombed during the war. It was a blip that was never going to last.

That being said, regulating our industries out of existence so that they can be outsourced to another country that uses slave labor, unsafe working conditions, and absolutely no environmental controls, and then shipped halfway across the world diesel powered boats isn’t being fair to our people and certainly isn’t going to do squat to help the environment.

The fact that the Democrats have signed on for this, and expect slavish devotion because they hand out a few pennies in welfare is a good part of the reason why they lost the white working class. It’s one thing to screw people over. Both parties are doing that. It’s something else entirely to rant on about how stupid, racist, and sexist they are if they don’t bend over and take it with a smile. Right now, on the YM board, there’s a thread basically saying that anybody who is upset that their family and towns fortunes have been flushed down the toilet or a bunch of hateful people.

It’s really too bad. Democrats have had some really wonderful ideas in the past .

[billisonboard]

Nov 2, 2021 17:09:40 GMT -5 formerroomate99 said:

First off, the world did not begin in 1950. For most of this country‘s history, if you didn’t have some kind of specific skill set, you weren’t going to be able to afford a house in the burbs and a wife who didn’t have to work. The postwar boom was due mainly to the fact that the United States was the only industrialized country whose infrastructure wasn’t bombed during the war. It was a blip that was never going to last.

That being said, regulating our industries out of existence so that they can be outsourced to another country that uses slave labor, unsafe working conditions, and absolutely no environmental controls, and then shipped halfway across the world diesel powered boats isn’t being fair to our people and certainly isn’t going to do squat to help the environment.

The fact that the Democrats have signed on for this, and expect slavish devotion because they hand out a few pennies in welfare is a good part of the reason why they lost the white working class. It’s one thing to screw people over. Both parties are doing that. It’s something else entirely to rant on about how stupid, racist, and sexist they are if they don’t bend over and take it with a smile. Right now, on the YM board, there’s a thread basically saying that anybody who is upset that their family and towns fortunes have been flushed down the toilet or a bunch of hateful people.

It’s really too bad. Democrats have had some really wonderful ideas in the past .

I would be interested in reading that thread. Please post which it is. I thank you in advance.

[teen persuasion]

Nov 2, 2021 17:53:55 GMT -5 billisonboard said:

Nov 2, 2021 17:09:40 GMT -5 formerroomate99 said:

First off, the world did not begin in 1950. For most of this country‘s history, if you didn’t have some kind of specific skill set, you weren’t going to be able to afford a house in the burbs and a wife who didn’t have to work. The postwar boom was due mainly to the fact that the United States was the only industrialized country whose infrastructure wasn’t bombed during the war. It was a blip that was never going to last.

That being said, regulating our industries out of existence so that they can be outsourced to another country that uses slave labor, unsafe working conditions, and absolutely no environmental controls, and then shipped halfway across the world diesel powered boats isn’t being fair to our people and certainly isn’t going to do squat to help the environment.

The fact that the Democrats have signed on for this, and expect slavish devotion because they hand out a few pennies in welfare is a good part of the reason why they lost the white working class. It’s one thing to screw people over. Both parties are doing that. It’s something else entirely to rant on about how stupid, racist, and sexist they are if they don’t bend over and take it with a smile. Right now, on the YM board, there’s a thread basically saying that anybody who is upset that their family and towns fortunes have been flushed down the toilet or a bunch of hateful people.

It’s really too bad. Democrats have had some really wonderful ideas in the past .

I would be interested in reading that thread. Please post which it is. I thank you in advance.

I'm interested, too.

[Tiny]

The postwar boom was due mainly to the fact that the United States was the only industrialized country whose infrastructure wasn’t bombed during the war.

And a VERY healthy helping of Governmental regulation to get GI's into jobs, and houses and cars.

Why was it OK for the Government to do regulate businesses, banking, help the auto industry, help LOCAL governments with infrastructure so they could build the "suburbs", etc....

But we can't do that today?

Look into the history of 'suburbs' and the auto industry and banking and the infrastructure spending the Federal Government (and State Governments) did during the late 40's and 50's.

It's wasn't the old rich Mr. Potters (from it's a wonderful life) of America using their OWN money to get those suburban communities up and running.

[haapai]

This animated clip makes me feel old and angry. It's always irritating to hear bright young things talk about vaguely taboo things that I've known about for two decades.  And this one wasn't even ripping off any new data set with spiffy graphics.  The data is old, the conclusions are cheap and dirty. 

The only thing that interested me was the neck and neck and not good gini scores of the US and Japan.  Neither the US not Japan has had a non-cringy gini index score for decades, but they used to be separated a bit,  Now they are neck and neck and the intern-narrator seems oblivious to this change.  Eek!  Will someone please slap some historical context into that brat! 

[formerroomate99]

Well darn, I can’t find that thread anymore. But it was just the damnedest thing. It was they were basically saying that people who were nostalgic about the 1950s and 1960s were nostalgic about something that never existed and that the reason they were nostalgic is because they absolutely couldn’t stand the fact that women and minorities were allowed to have real jobs. It couldn’t possibly be because it was a time win members of their families could graduate high school and walk into jobs that would allow them to have a house in a safe neighborhood with decent schools. That thread was talking about Republicans, of course. But I heard the same kind of nostalgia pretty frequently when I lived in the Rust Belt.

When someone who doesn’t think like you and doesn’t vote for your party says something, and you twist yourself into knots to find the vilest possible interpretation for that what they said, you’re bound to find something awful. And it makes you feel good to think of how morally superior you are to those other guys. But having that kind of mindset makes it damn near impossible to change hearts and minds. It also makes it very difficult for politicians to make the kind of compromises needed to have a functional government that can give us nice things.

[Value Buy]

Oct 28, 2021 21:11:00 GMT -5 billisonboard said:

Oct 28, 2021 15:00:54 GMT -5 jerseygirl said:

Wealth is not a fixed amount that is divided but there has been wealth created - Jeff Bezos, Mark Z, Steve Jobs
They ‘took’ from lower income by people giving their companies $ creating wealth . I bought several Apple iPhones, Amazon orders, etc

All the wealth in the world has been and always will be exactly 100% of the wealth in the world. At question is how that 100% is divided up.

How about free will in this case?
The poor decided to buy those phones from Apple. Apple decided to pay slave wages to Chinese Nationals, not to Americans here in the states.
And all of the stuff bought on Amazon by the downtrodden was a choice and free will.
Facebook, well unless you bought stuff advertised there, the app is free at no cost to everyone.
No one held a gun to their head.
It is all about choices.

It is not only the one percenters who have to look inward on their choices in life. The bottom half have to make certain changes in behavior also.

[billisonboard]

Nov 9, 2021 16:17:29 GMT -5 formerroomate99 said:

Well darn, I can’t find that thread anymore. But it was just the damnedest thing. It was they were basically saying that people who were nostalgic about the 1950s and 1960s were nostalgic about something that never existed and that the reason they were nostalgic is because they absolutely couldn’t stand the fact that women and minorities were allowed to have real jobs. It couldn’t possibly be because it was a time win members of their families could graduate high school and walk into jobs that would allow them to have a house in a safe neighborhood with decent schools. That thread was talking about Republicans, of course. But I heard the same kind of nostalgia pretty frequently when I lived in the Rust Belt.

When someone who doesn’t think like you and doesn’t vote for your party says something, and you twist yourself into knots to find the vilest possible interpretation for that what they said, you’re bound to find something awful. And it makes you feel good to think of how morally superior you are to those other guys. But having that kind of mindset makes it damn near impossible to change hearts and minds. It also makes it very difficult for politicians to make the kind of compromises needed to have a functional government that can give us nice things.

Yes, darn, I was hoping to be able to read it for myself because when someone who doesn’t think like you and doesn’t vote for your party says something, and you twist yourself into knots to find the vilest possible interpretation for that what they said, you’re bound to find something awful.

[Value Buy]

Nov 9, 2021 19:33:18 GMT -5 billisonboard said:

Nov 9, 2021 16:17:29 GMT -5 formerroomate99 said:

Well darn, I can’t find that thread anymore. But it was just the damnedest thing. It was they were basically saying that people who were nostalgic about the 1950s and 1960s were nostalgic about something that never existed and that the reason they were nostalgic is because they absolutely couldn’t stand the fact that women and minorities were allowed to have real jobs. It couldn’t possibly be because it was a time win members of their families could graduate high school and walk into jobs that would allow them to have a house in a safe neighborhood with decent schools. That thread was talking about Republicans, of course. But I heard the same kind of nostalgia pretty frequently when I lived in the Rust Belt.

When someone who doesn’t think like you and doesn’t vote for your party says something, and you twist yourself into knots to find the vilest possible interpretation for that what they said, you’re bound to find something awful. And it makes you feel good to think of how morally superior you are to those other guys. But having that kind of mindset makes it damn near impossible to change hearts and minds. It also makes it very difficult for politicians to make the kind of compromises needed to have a functional government that can give us nice things.

Yes, darn, I was hoping to be able to read it for myself because when someone who doesn’t think like you and doesn’t vote for your party says something, and you twist yourself into knots to find the vilest possible interpretation for that what they said, you’re bound to find something awful.

Okay, have to ask, is this a zinger or an I am in agreement response?

[thyme4change]

Nov 9, 2021 16:17:29 GMT -5 formerroomate99 said:

Well darn, I can’t find that thread anymore. But it was just the damnedest thing. It was they were basically saying that people who were nostalgic about the 1950s and 1960s were nostalgic about something that never existed and that the reason they were nostalgic is because they absolutely couldn’t stand the fact that women and minorities were allowed to have real jobs. It couldn’t possibly be because it was a time win members of their families could graduate high school and walk into jobs that would allow them to have a house in a safe neighborhood with decent schools. That thread was talking about Republicans, of course. But I heard the same kind of nostalgia pretty frequently when I lived in the Rust Belt.

When someone who doesn’t think like you and doesn’t vote for your party says something, and you twist yourself into knots to find the vilest possible interpretation for that what they said, you’re bound to find something awful. And it makes you feel good to think of how morally superior you are to those other guys. But having that kind of mindset makes it damn near impossible to change hearts and minds. It also makes it very difficult for politicians to make the kind of compromises needed to have a functional government that can give us nice things.

I wonder what the economic prospects for POC were in the 50s and 60s. Were they better off financially than they are now? We always talk about how easy it was to make a good living, but I have never seen the stats by race.

[billisonboard]

Nov 10, 2021 8:39:09 GMT -5 Value Buy said:

Nov 9, 2021 19:33:18 GMT -5 billisonboard said:

Yes, darn, I was hoping to be able to read it for myself because when someone who doesn’t think like you and doesn’t vote for your party says something, and you twist yourself into knots to find the vilest possible interpretation for that what they said, you’re bound to find something awful.

Okay, have to ask, is this a zinger or an I am in agreement response?

Note reply #5.

[pulmonarymd]

Nov 10, 2021 8:47:19 GMT -5 thyme4change said:

Nov 9, 2021 16:17:29 GMT -5 formerroomate99 said:

Well darn, I can’t find that thread anymore. But it was just the damnedest thing. It was they were basically saying that people who were nostalgic about the 1950s and 1960s were nostalgic about something that never existed and that the reason they were nostalgic is because they absolutely couldn’t stand the fact that women and minorities were allowed to have real jobs. It couldn’t possibly be because it was a time win members of their families could graduate high school and walk into jobs that would allow them to have a house in a safe neighborhood with decent schools. That thread was talking about Republicans, of course. But I heard the same kind of nostalgia pretty frequently when I lived in the Rust Belt.

When someone who doesn’t think like you and doesn’t vote for your party says something, and you twist yourself into knots to find the vilest possible interpretation for that what they said, you’re bound to find something awful. And it makes you feel good to think of how morally superior you are to those other guys. But having that kind of mindset makes it damn near impossible to change hearts and minds. It also makes it very difficult for politicians to make the kind of compromises needed to have a functional government that can give us nice things.

I wonder what the economic prospects for POC were in the 50s and 60s. Were they better off financially than they are now? We always talk about how easy it was to make a good living, but I have never seen the stats by race.

How about women. If you wanted to be a physician or lawyer, too bad, it wasn't ladylike. The pining for the "good old days" of the 50's always amazes me. It wasn't so good for a portion of the population. 

[NomoreDramaQ1015]

Nov 10, 2021 10:12:33 GMT -5 pulmonarymd said:

Nov 10, 2021 8:47:19 GMT -5 thyme4change said:

I wonder what the economic prospects for POC were in the 50s and 60s. Were they better off financially than they are now? We always talk about how easy it was to make a good living, but I have never seen the stats by race.

How about women. If you wanted to be a physician or lawyer, too bad, it wasn't ladylike. The pining for the "good old days" of the 50's always amazes me. It wasn't so good for a portion of the population. 

If you really read history the one working man family with a house and two cars with a white picket fence was an illusion for A LOT of people.  Not as many women worked outside the home but a lot of them took in laundry or hemming or other things to help supplement income.  It also totally ignores the large lower class population who never had the option of being a one income household to begin with.

My FIL, who lived through it, said he doesn't get the nostalgia either.  He said he got incredibly lucky because he was the only one who volunteered to learn those new fangled computers which in turn lead him to be the ONLY one who knew those new fangled things and had to teach others.  He said every single other person in his department was laid off.  This idea that in the good old days Dad worked at the same job and got promotions until one day he retired with a gold watch after supporting multiple kids has been and always was a myth.

He said it would have been so much easier at times if MIL had been able to or willing to work.  There is a lot less pressure on DH should he lose his job because I still have mine and vice versa.

[thyme4change]

Nov 10, 2021 10:12:33 GMT -5 pulmonarymd said:

Nov 10, 2021 8:47:19 GMT -5 thyme4change said:

I wonder what the economic prospects for POC were in the 50s and 60s. Were they better off financially than they are now? We always talk about how easy it was to make a good living, but I have never seen the stats by race.

How about women. If you wanted to be a physician or lawyer, too bad, it wasn't ladylike. The pining for the "good old days" of the 50's always amazes me. It wasn't so good for a portion of the population. 

I definitely know there are problematic social norms and vast human rights violations - but it is well documented that making a middle class wage was different then vs now. I am just wondering if it was so good for white families that they brought the whole average up, or did people of all groups have access to those jobs?

[pulmonarymd]

Nov 10, 2021 13:41:59 GMT -5 thyme4change said:

Nov 10, 2021 10:12:33 GMT -5 pulmonarymd said:

How about women. If you wanted to be a physician or lawyer, too bad, it wasn't ladylike. The pining for the "good old days" of the 50's always amazes me. It wasn't so good for a portion of the population. 

I definitely know there are problematic social norms and vast human rights violations - but it is well documented that making a middle class wage was different then vs now. I am just wondering if it was so good for white families that they brought the whole average up, or did people of all groups have access to those jobs?

Manufacturing jobs paid well, no doubt. But the definition of a middle class life has also changed. In addition, since the rest of the world was recovering from the devastation of WW2, there was not much competition for American companies. We had things like the GI bill which paid for a college education, and competition for college(if you were white) was much less. Finally, minimum wage has not kept pace with inflation for 50 years. So, if you were in the correct demographic, it was probably a great time. For others(and it was at least a sizable minority), not so much.

[thyme4change]

Nov 10, 2021 13:49:16 GMT -5 pulmonarymd said:

Nov 10, 2021 13:41:59 GMT -5 thyme4change said:

I definitely know there are problematic social norms and vast human rights violations - but it is well documented that making a middle class wage was different then vs now. I am just wondering if it was so good for white families that they brought the whole average up, or did people of all groups have access to those jobs?

Manufacturing jobs paid well, no doubt. But the definition of a middle class life has also changed. In addition, since the rest of the world was recovering from the devastation of WW2, there was not much competition for American companies. We had things like the GI bill which paid for a college education, and competition for college(if you were white) was much less. Finally, minimum wage has not kept pace with inflation for 50 years. So, if you were in the correct demographic, it was probably a great time. For others(and it was at least a sizable minority), not so much.

Were POC given manufacturing jobs at a proportional rate, or were those white people jobs? The Klan was still burning crosses in the 50's, so I was thinking working shoulder to shoulder in a factory did not happen - or was very painful if it did happen.

I understand the advantages that our economy and white people in general had in the 50's vs today. I am asking if on average, were POC economically better off in the same ways. I know that all of those GI bills and mortgage programs etc were often denied to POC, and I know they did red-lining, and all that - but were those manufacturing jobs that you could get out of high school open to non-white people?

[jerseygirl]

There was a big migration of POC to the north, eg Detroit, for manufacturing jobs in the 50s

[pulmonarymd]

Nov 10, 2021 14:20:30 GMT -5 thyme4change said:

Nov 10, 2021 13:49:16 GMT -5 pulmonarymd said:

Manufacturing jobs paid well, no doubt. But the definition of a middle class life has also changed. In addition, since the rest of the world was recovering from the devastation of WW2, there was not much competition for American companies. We had things like the GI bill which paid for a college education, and competition for college(if you were white) was much less. Finally, minimum wage has not kept pace with inflation for 50 years. So, if you were in the correct demographic, it was probably a great time. For others(and it was at least a sizable minority), not so much.

Were POC given manufacturing jobs at a proportional rate, or were those white people jobs? The Klan was still burning crosses in the 50's, so I was thinking working shoulder to shoulder in a factory did not happen - or was very painful if it did happen.

I understand the advantages that our economy and white people in general had in the 50's vs today. I am asking if on average, were POC economically better off in the same ways. I know that all of those GI bills and mortgage programs etc were often denied to POC, and I know they did red-lining, and all that - but were those manufacturing jobs that you could get out of high school open to non-white people?

I don't know the answer for certain. I suspect it was location dependent. But, if you look at jobs like police and firefighters in NYC, there was still discrimination. The reason that Italians were over represented in sanitation was because of that discrimination. I believe poverty rates for minorities are lower now than they were back then. From my experience of living in NC in the late 80s, I quality of life of POC was quite a bit worse than whites, and I have to believe that it was even worse 30 years before that.  Sports did not get integrated to a great degree until the 60s, schools were still segregated in many regions, public transportation, etc. I do not think that the economic opportunities were any more equal either.

[Value Buy]

Lest we forget, please realize a lot of this wealth divergence is paper wealth in the stock market.
Bezos, Musk, even Cook from Apple, have made100's of millions (Musk, billions in options) in the stock market on their comanies that they run. Regardless of the fact it was in allocated via stock options for management performance, they did not steal from the bottom wage earners. None of that corporate largesse was ever assigned or expected to go out the door to the under and unemployed.
Business is not in business to mimick the Government, and it is not their mandate to do that.
If you want to blame anyone, blame the politicians in D.C. who are in their pocket. Look at the wealth of some of these polticians that has grown exponentially along with the corporations while on a government salary.

[tskeeter]

Nov 10, 2021 8:47:19 GMT -5 thyme4change said:

Nov 9, 2021 16:17:29 GMT -5 formerroomate99 said:

Well darn, I can’t find that thread anymore. But it was just the damnedest thing. It was they were basically saying that people who were nostalgic about the 1950s and 1960s were nostalgic about something that never existed and that the reason they were nostalgic is because they absolutely couldn’t stand the fact that women and minorities were allowed to have real jobs. It couldn’t possibly be because it was a time win members of their families could graduate high school and walk into jobs that would allow them to have a house in a safe neighborhood with decent schools. That thread was talking about Republicans, of course. But I heard the same kind of nostalgia pretty frequently when I lived in the Rust Belt.

When someone who doesn’t think like you and doesn’t vote for your party says something, and you twist yourself into knots to find the vilest possible interpretation for that what they said, you’re bound to find something awful. And it makes you feel good to think of how morally superior you are to those other guys. But having that kind of mindset makes it damn near impossible to change hearts and minds. It also makes it very difficult for politicians to make the kind of compromises needed to have a functional government that can give us nice things.

I wonder what the economic prospects for POC were in the 50s and 60s. Were they better off financially than they are now? We always talk about how easy it was to make a good living, but I have never seen the stats by race.

Thyme, you might find “The Warmth of Other Suns, The Epic Story of America’s Great Migration” by Pulitzer Prize winning author Isabel Wilkerson an interesting read.  This book discusses the experiences of black people in the South and in the rust belt between 1915 and 1970.

[tskeeter]

Nov 10, 2021 8:47:19 GMT -5 thyme4change said:

Nov 9, 2021 16:17:29 GMT -5 formerroomate99 said:

Well darn, I can’t find that thread anymore. But it was just the damnedest thing. It was they were basically saying that people who were nostalgic about the 1950s and 1960s were nostalgic about something that never existed and that the reason they were nostalgic is because they absolutely couldn’t stand the fact that women and minorities were allowed to have real jobs. It couldn’t possibly be because it was a time win members of their families could graduate high school and walk into jobs that would allow them to have a house in a safe neighborhood with decent schools. That thread was talking about Republicans, of course. But I heard the same kind of nostalgia pretty frequently when I lived in the Rust Belt.

When someone who doesn’t think like you and doesn’t vote for your party says something, and you twist yourself into knots to find the vilest possible interpretation for that what they said, you’re bound to find something awful. And it makes you feel good to think of how morally superior you are to those other guys. But having that kind of mindset makes it damn near impossible to change hearts and minds. It also makes it very difficult for politicians to make the kind of compromises needed to have a functional government that can give us nice things.

I wonder what the economic prospects for POC were in the 50s and 60s. Were they better off financially than they are now? We always talk about how easy it was to make a good living, but I have never seen the stats by race.

Thyme, you might find “The Warmth of Other Suns, The Epic Story of America’s Great Migration” by Pulitzer Prize winning author Isabel Wilkerson an interesting read.  This book discusses the experiences of black people in the South and in the rust belt between 1915 and 1970.

[billisonboard]

Nov 10, 2021 16:01:28 GMT -5 Value Buy said:

Lest we forget, please realize a lot of this wealth divergence is paper wealth in the stock market.
Bezos, Musk, even Cook from Apple, have made100's of millions (Musk, billions in options) in the stock market on their comanies that they run. Regardless of the fact it was in allocated via stock options for management performance, they did not steal from the bottom wage earners. None of that corporate largesse was ever assigned or expected to go out the door to the under and unemployed.
Business is not in business to mimick the Government, and it is not their mandate to do that.
If you want to blame anyone, blame the politicians in D.C. who are in their pocket. Look at the wealth of some of these polticians that has grown exponentially along with the corporations while on a government salary.

Would it have been possible to set up a system of allocating stock options in a way that the select few at the top were allocated less and those throughout the company received some or more?

[tskeeter]

Nov 10, 2021 19:33:13 GMT -5 billisonboard said:

Nov 10, 2021 16:01:28 GMT -5 Value Buy said:

Lest we forget, please realize a lot of this wealth divergence is paper wealth in the stock market.
Bezos, Musk, even Cook from Apple, have made100's of millions (Musk, billions in options) in the stock market on their comanies that they run. Regardless of the fact it was in allocated via stock options for management performance, they did not steal from the bottom wage earners. None of that corporate largesse was ever assigned or expected to go out the door to the under and unemployed.
Business is not in business to mimick the Government, and it is not their mandate to do that.
If you want to blame anyone, blame the politicians in D.C. who are in their pocket. Look at the wealth of some of these polticians that has grown exponentially along with the corporations while on a government salary.

Would it have been possible to set up a system of allocating stock options in a way that the select few at the top were allocated less and those throughout the company received some or more?

I think one of the challenges of your proposal is that the few at the top take stock options in place of a portion of their cash compensation.  Other employees throughout the company are often unable or unwilling to work for less than market value cash compensation and to gamble that, at some point in the future, the stock options will compensate for the opportunity cost of several years of reduced wages/salary.

[jerseygirl]

Nov 10, 2021 19:33:13 GMT -5 billisonboard said:

Nov 10, 2021 16:01:28 GMT -5 Value Buy said:

Lest we forget, please realize a lot of this wealth divergence is paper wealth in the stock market.
Bezos, Musk, even Cook from Apple, have made100's of millions (Musk, billions in options) in the stock market on their comanies that they run. Regardless of the fact it was in allocated via stock options for management performance, they did not steal from the bottom wage earners. None of that corporate largesse was ever assigned or expected to go out the door to the under and unemployed.
Business is not in business to mimick the Government, and it is not their mandate to do that.
If you want to blame anyone, blame the politicians in D.C. who are in their pocket. Look at the wealth of some of these polticians that has grown exponentially along with the corporations while on a government salary.

Would it have been possible to set up a system of allocating stock options in a way that the select few at the top were allocated less and those throughout the company received some or more?

Lots of people in the US work at companies that give stock options not just the ‘select few at the top’. eg sign on , bonus yearly for most of managers or at some companies most employees. Start ups commonly give options to most

[billisonboard]

Nov 10, 2021 23:54:34 GMT -5 jerseygirl said:

Nov 10, 2021 19:33:13 GMT -5 billisonboard said:

Would it have been possible to set up a system of allocating stock options in a way that the select few at the top were allocated less and those throughout the company received some or more?

Lots of people in the US work at companies that give stock options not just the ‘select few at the top’. eg sign on , bonus yearly for most of managers or at some companies most employees. Start ups commonly give options to most

Yes.