The car manufacturers need that profit to distribute to their shareholders, or do stock buyback or whatever best benefits the share price etc. By doing so they are helping the whole economy and that money will eventually trickle down to the little guys in some form or another.
For example: instead of giving all that money to the greedy UAW, GM can use it to buy back their stock. The price of the stock and the net worth of the people who own most of it therefore goes up. They borrow against that stock for a new yacht in the Mediterranean and use it to visit a charming seaside village in Greece or Italy. They eat at the nicest restaurant in the nicest resort in that village.
Now, you see how that money helped the villagers who otherwise never would have seen a dime of it? The auto workers aren’t going to spend any of that money in Greece or Italy. Not to mention support the families of boat-makers, boat-loan-processors etc along the way.
“oh well someone please think of the poor shareholders and executives making millions off other peoples labor!”
The is no trickle down. It’s been 70 years of that crap and it gets more moronic every time. There is no evidence that high executive pay or shareholder payouts benefits the economy. Just out right lies. What the Villiers should do is murder the people hording resources and spend their vacations in Greece and Italy.
The car manufacturers need that profit to distribute to their shareholders, or do stock buyback or whatever best benefits the share price etc. By doing so they are helping the whole economy and that money will eventually trickle down to the little guys in some form or another.
For example: instead of giving all that money to the greedy UAW, GM can use it to buy back their stock. The price of the stock and the net worth of the people who own most of it therefore goes up. They borrow against that stock for a new yacht in the Mediterranean and use it to visit a charming seaside village in Greece or Italy. They eat at the nicest restaurant in the nicest resort in that village.
Now, you see how that money helped the villagers who otherwise never would have seen a dime of it? The auto workers aren’t going to spend any of that money in Greece or Italy. Not to mention support the families of boat-makers, boat-loan-processors etc along the way.
“oh well someone please think of the poor shareholders and executives making millions off other peoples labor!”
The is no trickle down. It’s been 70 years of that crap and it gets more moronic every time. There is no evidence that high executive pay or shareholder payouts benefits the economy. Just out right lies. What the Villiers should do is murder the people hording resources and spend their vacations in Greece and Italy.