Offshore’s Global Impact

[BigV]

xoB--Right.
Dana--Right.
Zen--Right.

my two cents:

The imbalance between capital and labor is extreme, unhealthy, and unsustainable. We, all of us, need people in all ranges of wealth from poor to rich. Who will cook and serve the rich if not the low wage earner? Who will pay the wages if not the tavern owner? Who will pay the tab if not the rich? Etc, etc. It's ok to have the whole range, and a varied distribution of wealth, really, it's ok.

But. You knew there was a but, right?

But the current proportions are waaay out of whack. And the current culture of keeping poor(er) among us down by legal(ish) means is immoral. It is our laws that are broken, and they're broken and kept broken by the selfish, fearful, immoral attitudes that drive more, more, more for me! That's broken.

And it's not just individuals, but communities too. Look at the actions of cities like Memphis, Tennessee that decided to give Electrolux $190 million dollars in (LOST) tax (revenues) incentives to *return* to the city, and away from a city in Canada to relocate a new factory where the UNunionized labor force will cost Electrolux a third less in wages. Why?

Because the business has a reasonable desire to maximize their profits and indeed a fiduciary obligation to maximize the return for their shareholders. A LEGAL obligation to reduce costs and increase profits. This is an example of how our system of laws (crafted by the tame politicians--thanks for making me cry Zen, you bastard) exacerbates our problems. It's bad enough when bad actors break the law, but doing it equally effectively by following the law is... disheartening. This is the same as a few countries attracting the capital and its attendant prosperity at the expense of other countries.