Author: UYA

How Capitalism will destroy us all   [Copy link] 中文

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Post time 2017-7-13 07:33:57 |Display all floors
UYA Post time: 2017-7-12 14:58
if the millennials are "self-centered", they would not be socialists.

No system will survive unle ...

Those millennials are largely naïve kids without much life experience.

“If a man is not a socialist by the time he is 20, he has no heart. If he is not a conservative by the time he is 40, he has no brain.”  Winston Churchill.

Capitalism works better than any other system because its aspirational and has stood the test of time.  

It just needs fixing because the excesses have gone unchecked for too long.

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Post time 2017-7-13 08:35:54 |Display all floors
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Post time 2017-7-13 11:26:07 |Display all floors
This is why JP Morgan criticized the wage increase as a “wealth transfer of nearly $1 billion” to workers.How dare they?


If a company gives away $1 billion then it is a reduction of profits that could otherwise be paid out as dividends to shareholders. I don't know about you but if I have invested in shares then I expect them to pay decent dividends, and because of the risks in investing, I expect the dividends to pay better than sticking my money in a bank. If a company underperforms then I will choose not to invest. The result will be that companies loose value and banks wont lend them money so they won't be able to survive the competition.
(mostly harmless)

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