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by eunos 1820 days ago
> who exactly are we targeting with these taxes? Is it the rich executives?

Lot of times the money were not handed to the employee, executives included. They just stay at the company or paid to the financial company that owned the companies.

1 comments

At least from my eyes, recent trends are exact opposite. Stock buyback returns the money to investors (by raising stock price). Huge bonuses to executives. The company itself is managed on a very thin buffer so that

a) When things go south, they can always ask the government for bail-out. Too big to fail & all that.

b) Anything affecting the company, in terms of regulations, can be shown to directly affect the employees and their job.

This may be a cynical take, but this is what I see.

But investors keep their money in honding companies and trusts, sometimes registered in panama. The billions never actually have a physical person as their official owner