Quote:
Originally Posted by Brian Swartz
But most often the rich are rich because they chose that level of responsibility regularly for decades. I don't think I'm missing the point, I think the point is myopic. It assumes the person at entry level is always there through no fault of their own and that nothing better was ever available to them, and that the billionaire did nothing to earn and/or maintain their position. That's true in rare occasions, and far more often is not. A fun thought exercise is to take the entirety of a CEO's salary and divide it among the employees, or some similar endeavor. How much could they lower prices/increase wages? There are exceptions but the usual answer is 'not much at all'. For example, take total compensation from McDonalds CEO Kempczinski of a little under 11 million (as of 2020) and divide it among the employees and you get a dollar per person per week. If I offered you a raise of a dollar a week, exactly how loudly would you laugh at me?
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Now do it with dividends.