this post was submitted on 07 Jul 2023
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Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ
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@flambonkscious @RedCanasta And the people who made that work earn approximately 0.1% of what you pay for the work. The other 99.9% goes to shareholders. Wouldn't it make more sense to give the workers 100%, or even 10% of the normal price?
So I agree with piracy, however one thing to keep in mind is that our economy and productivity are only in existence because of the land and equipment (as well as the labor) that it takes to produce them.
If 100% of income went to the workers, there's nothing to pay for equipment and land that is also necessary for production. Ugly as capitalism is, the end result is a productive economy. A lot of the wealth is captured in land and equipment.
Now, you can argue that the workers should own the land and means of production. That I could agree with. But you simply can't produce anything without paying for land and equipment plus labor.
@Feweroptions This is the story that capitalists tell you to justify why it's okay for them to steal your money.
Land costs nothing, and equipment is just someone else's labour.
Do note that if a manager or even a CEO does management work, that's still work and should be rewarded as such.
Also note that CEOs and shareholders are massively overpaid in today's society. If one person were to not pay them, they'd still be massively overpaid.
Land has value, and thus comes with a price. Equipment doesn't spring forward from creativity and hard work alone - it also requires materials, and besides that, you have to pay for people's innovation and hard work when buying equipment.