But that means more people have a chance to get wealthy (provided taxes aren’t raised to match). Why pay people more and have more wealthy people when you can pay less and have all the money?
Because all those CEOs will never think further than the next ten minutes. In short term that means only less money for them since for any extra unit of money they give to their worker it is not garantied they buy something from the own company. They only ever see what money they don’t get right now, and not what they could get potentially in long term.
What gets me is:
If people have more money to spend, they buy more things.
The more things they buy, the more money goes into the pockets of corporations and the CEOs.
It’s literally a win win situation that doesn’t end in the Uber Rich being chased down by hungry angry mobs.
But that means more people have a chance to get wealthy (provided taxes aren’t raised to match). Why pay people more and have more wealthy people when you can pay less and have all the money?
Because all those CEOs will never think further than the next ten minutes. In short term that means only less money for them since for any extra unit of money they give to their worker it is not garantied they buy something from the own company. They only ever see what money they don’t get right now, and not what they could get potentially in long term.
But your talking about the future, not next week.
Plus, your assuming that there is any sort of geographical loyalty.
People already have too much money to spend, that’s the issue.
Maybe in your imagination, but in reality a huge chunk of the population lives paycheck to paycheck.
And yet they have too much money to spend.