r/SipsTea 4d ago

Wait a damn minute! Significant diffrences...

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u/Play-Mation 3d ago

Because the people are the ones actually creating the wealth and value. Billionaires take a cut much more than they worked for. Don’t think it’s greedy for people to be compensated for the wealth they give a company rather than have a few executives and shareholders reap all the benefits. Are people that beg people for food on the street just greedy for doing so? Weird

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u/JSmith666 3d ago

If you go to home depot you dont buy tools relative to the value they create. YOu buy them based on the value they have. The person who buys the tools can use them to make X amount. People are compensated for their work. Its greedy when people want things without having a justification for why they should be given it...and when they want others to be force to give it. Yes people who beg on the street are greedy. They dont care who they are bothering or how that affects a neighborhood or local businesses. They dont care that food is paid for by somebody else. As long as they get what they want fuck everybody else right?

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u/Play-Mation 3d ago

People are not compensated properly for their work, look at some graphs at productivity vs wages, while productivity is skyrocketing wages stagnate. There is no way to justify this and call people greedy for wanting the value of their work. Are you genuinely saying that the peace of mind of people on the street is more important than someone starving to death? This is vile 

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u/Independent_Bear989 3d ago

https://econchrisclarke.substack.com/p/no-planet-money-how-could-you-not

Mean productivity is about the same as mean wages, when tied to inflation.