Let's assume against all the evidence that Biden is right about corporations being greedy. The question then becomes: Why they are so much greedier under him than under Trump? Why is Putin so much more aggressive under him than under Trump? Why are violent criminals so much more freewheeling under him than under Trump?
I reject the entire conversation regarding whether corporations are greedy. They are supposed to be, as their interests are those of their investors. There is not a Monopoly “Rich Uncle Pennybags” behind Exxon. Their investors, you, me, and anyone with a retirement pension or 401K, benefit from it.
If they are not trying to maximize profits, it is a crime against their investors.
It won’t, but the current debacle should kill Keynesian economics and modern monetary theory.
It should also put a dagger through the heart of Senator Warren’s wealth tax on unrealized gains. Will the people who would have paid that tax get it back now that we are in a bear market?
Let's assume against all the evidence that Biden is right about corporations being greedy. The question then becomes: Why they are so much greedier under him than under Trump? Why is Putin so much more aggressive under him than under Trump? Why are violent criminals so much more freewheeling under him than under Trump?
I reject the entire conversation regarding whether corporations are greedy. They are supposed to be, as their interests are those of their investors. There is not a Monopoly “Rich Uncle Pennybags” behind Exxon. Their investors, you, me, and anyone with a retirement pension or 401K, benefit from it.
If they are not trying to maximize profits, it is a crime against their investors.
It won’t, but the current debacle should kill Keynesian economics and modern monetary theory.
It should also put a dagger through the heart of Senator Warren’s wealth tax on unrealized gains. Will the people who would have paid that tax get it back now that we are in a bear market?