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Non-Tech : Kirk's Market Thoughts
COHR 198.51+0.4%Dec 11 3:59 PM EST
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To: northam who wrote (18536)4/10/2024 1:33:11 PM
From: Kirk ©3 Recommendations

Recommended By
Cogito Ergo Sum
rdkflorida2
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   of 26763
 
That didn't work because the corporations merged, fixed prices and wages so their largest shareholders and owners became in effect the Royal Families my ancestors left European monarchies and many friends left Asian caste systems to come here for better opportunities based on effort and results, not what you looked like or who your parents were.

We set up a government to ride herd over these practices and taxed a bit of wages to pay for it....

Then the pendulum swings back and forth ratcheting up the taxes collected as both sides grew more powerful while the average workers simply saw higher taxes and maybe cleaner water if they lived in rich areas that could keep polluters away.

Now I think we have states and cities in many states near bankruptcy as the labor unions of public workers demand more and more but can't compete on salary with the big corporations who don't have to pay into the pension system and rely on Social Security. The easy "fix" is to do what corporations did in the 1990s and eliminate pensions and put public workers on 401K plans and Social Security so if they want more than SS, then they have to contribute and save.

Basically, the system of patches never fixes anything while raising costs are bankrupting cities as they kick the cans down the roads with potholes mistaken for the Great Lakes.

How to fix it fairly? Tough questions... not sure it is possible when so many will vote for their personal balance sheets rather than what is good for society and the country.
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