Fears over the state of the labor market hurt consumer confidence in February, according to the Conference Board Consumer Confidence Index.

I think this is a combination of inflation and employers wanting people to return to the office. I am excited for people to return to the office as it means I can earn a lot more money.

  • Neuromancer@lemm.eeOPM
    110·
    9 months ago

    So when the rich sell more, that necessarily takes away potential sales from others

    Not sure you understand how companies work. When they sell something. It doesn’t go into the pocket of Elon. It does into the funds of the company. For every Tesla sold. Elon receives zero dollars.

    And the rich own all the factories and production

    Elon owns zero factories. Same with bezos. Neither own any of those items.

    So every dollar of product they sell is a dollar of sales that goes to them

    Zero dollar goes to either one. I’m starting to see why you make the rants you make. You don’t understand shareholders or companies well.

    If I buy ten teslas. Elon received zero dollars. If I spend a million dollars at Amazon bezos receives zero dollars.

    • PizzaMan@lemm.ee
      82·
      9 months ago

      When they sell something. It doesn’t go into the pocket of Elon. It does into the funds of the company. For every Tesla sold. Elon receives zero dollars.

      Again, you’re getting hung up on literal cash. Cash is not the only form of wealth. And the rich get their wealth from these companies. Sometimes it is literal cash, but most often it is in the form of stocks.

      And the wealth these companies earn disproportionately goes to the rich, the stock holders, upper management, etc.

      Elon owns zero factories. Same with bezos. Neither own any of those items.

      The rich own the companies that own the production. I know you’re more intelligent than this.

      Zero dollar goes to either one

      Again, you’re getting hung up on the distinction between cash, stock, and wealth.

      • Neuromancer@lemm.eeOPM
        110·
        9 months ago

        And the wealth these companies earn disproportionately goes to the rich, the stock holders, upper management, etc.

        You mean the employee. Pension funds. 401k. I get stock as part of my job.

        Also you are confusing earnings with dividends. The two are not the same. Earning go the company. They don’t go to the list you created. Earnings only go to the company.

        Again, you’re getting hung up on the distinction between cash, stock, and wealth.

        You mean facts and logic. The differences are important. It’s why you struggle with these topics because it’s all magic and unicorns. You don’t get why Elon is wealthy or how he became wealthy. You just want to feel he took your money but you never bought a Tesla. It’s strange thinking.

          • Neuromancer@lemm.eeOPM
            110·
            9 months ago

            I have side jobs that I do but I’m a w2 for main income. Part of my package is stock

        • PizzaMan@lemm.ee
          62·
          9 months ago

          Also you are confusing earnings with dividends.

          I never mentioned either of them, because i am not talking about the literal specifics of how the wealth is distributed. You have no point here.

          You mean facts and logic.

          No. You are getting hung up on the actual methods of how the wealth is distributed, cherrypicking the ways in which it is not as a means to say that the rich aren’t extracting wealth.

          Your argument relies on fallacies the whole way through.