#pro worker

[feminist-space]

[bluecollarboneyard]

"Power concedes nothing without a demand. It never did and it never will." -Frederick Douglass

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[swede-ishfish]

The truth about Wealth

I need people to spread this around. I'm leading the post with this because I feel it's so important. -

I'm reposting this information here and not in a reply to someone because I think it's something people need to understand about how the rich stay rich and get more rich. If you read through it, I think you'll be as angry as me.

We'll use David Zaslav, the CEO of Warner Discovery, as an example. His salary in 2021 was 3 million. His compensation package was 240 million, including 12 million in dividends. 4.4 million in a monetary bonus, with the majority of the rest in stock options.

Stock options, for those who don't know, are not actual stocks but a guarantee that you can purchase the stock at a pre-set price, the value of it when you got the option. It means that in the future, you can pay the original price but you get the current value.

So while you technically don't "own" that money yet, it's still there. Usually, people will hold on to these until the value of the stock is at a very high rate and then cash in and put that money elsewhere. They can literally double and triple their earnings or more! All this while also avoiding paying taxes on it because until they cash in, it's only speculative money.

But here's the real kicker. The super wealthy don't pay for anything from their actual money. That would involve spending money they own. Instead, they take out low interest bank loans using their wealth as collateral. So they don't have money on hand that they "own" which is money the govt can tax them on, instead they work on "borrowed" money which is considered an expense and can be written off.

So they can keep their money in locations where it's safe from government taxation, but still use it whenever they want while claiming that actually they have no taxable income beyond their deliberately "low" salaries. In the meantime, they're able to accumulate more wealth, simply shifting the money from one nebulous tax-free bunker to another to avoid paying the government.

And don't get confused because "income" and "wealth" are not the same thing, but the vast majority of people in the USA don't realize this because they don't ever have the opportunity to accumulate wealth so they think it's the same thing, but it's not.

Income is what you earn in a year. Wealth is the value of what you own that carries over from year to year. Rich people don't have their millions in the bank, they have it in properties, in stocks, in other things where the money is used to generate more money for them. People like Elon Musk and Jeff Bezos don't have billions of dollars in bank accounts, they keep it in other assets that generate more money from them. The assets of a billionaire are literally so vast that it's virtually impossible to spend money faster than they're making it through passive means.

Bob Iger, the CEO of Disney, gets most of his wealth in these things, that's why talking about salary is useless, because Bob, like most rich assholes, doesn't want money. Money can be taxed at a higher rate. He wants assets.

And that's why it's especially insidious that they try to compare themselves to us, to frame their personal profits as though it's the same as the income that hourly or even salaried workers get. We can understand the concept of earning money. "Earning" money is something that we do in the lower classes. But don't be fooled by them. They don't "EARN" money. They don't work for the vast majority of their money. They don't even USE their own money to pay for their day to day lives.

So any attempt to compare a slash in their oncome to anything they do to our pay is calculatedly false and meant to try and make people who don't know much about wealth sympathize with them. "Oh those poor billionaires, they work for that money" . Except they don't. Their assets generate more wealth and they live off of money borrowed from banks and other entities so they never have to touch their own vast fortunes.

You could literally slash the pay and benefits of people like Bob Iger and David Zaslav down to zero and the assets they already have would still generate millions of dollars on a yearly, or even on a monthly basis. They wouldn't have to change a single thing about how they live.

So don't fall for it. Don't ever fall for their "we're just like you, we'll suffer if we don't keep even more money" bullshit. They're trying to play on our human sense of compassion, when they have none to give us in exchange.

Please, if you found this at all informative, spread it around. I'm not writing these things for personal validation, I'm writing them because I feel education is important for people to understand WHY things are the way they are and to know the real issue

This is the kind of thing that has always been cloaked in vague language so the layperson doesn't understand it. We need to spread this information and make it known to everyone. We need to KNOW the details of what we're fighting in order to win.

[artistintherough]

America definitely took its mask off this Tuesday, That’s no question! But the Failure of the DNC to get Joe Biden out of the race or hold open primary elections cannot be ignored! 20-25 million voters left out by Biden’s late drop out and Kamala’s end of race right wing drift are all unacceptable! We raised more money than ever and still lost to a fucking fascist!

The removal of the DNC leadership including Jaime Harrison, Keisha Lance Bottoms, and Jason Rea should be swift and the very least they can do.

[metallicat777]

I need more people to realize that if you want quality entertainment, food, clothing, etc, you have to be pro-union. You have to be pro-worker.

The reason there’s only one or two good movies coming out nowadays and the rest are hollow sequels nobody asked for is because CEOs of animation studios like dreamworks for example, are choosing “saving money” (see: Union-busting/avoiding negotiations with unions, outsourcing animation to other countries where the animators are paid *even less*) over authentic art. They cut out interesting plot points, balance of heartfelt moments and humorous scenes because it’s cheaper to settle for sloppy animation made by people who aren’t paid enough and poorly written stories and execution that only succeed because they’re riding on an already popular franchise.

The minute Starbucks unions were able to come to a deal with the CEO, he gets taken out and a new guy gets put right back in, so they have to start the whole process over.

Clothing companies resort to poorly made mass produced fast fashion which is manufactured overseas by children who get paid 15 cents an hour because it’s easier and cheaper than hiring unionized factory workers.

Shitty writing in tv shows and even books is becoming common because it’s easier to use shitass ai programs than it is to hire people who care about creating good content for others to enjoy.

Capitalism does not create innovation. Capitalism is build on making excuses, cutting corners, and taking the easy way out. Pay attention to what you consume, look into which companies have successful unions and which ones don’t. Look at which workers are striking, and how important that is. Quality no longer exists under capitalism.

[whatbigotspost]

UAW strike 2023 against Detroit automakers: Live updates, news from the picket sites

The United Auto Workers is on strike against Detroit Three automakers Ford, GM and Stellantis after negotiations did not lead to a new contr

Grew up in a UAW family and benefited from their power! I’m always behind strikers but feeling a lil extra personal solidarity for this one!

[mistandshcdow]

"i do not dream of labour" is not as anti-capitalist as you think it is

"i don't dream of labour" this "i don't dream of a career" that-well i do.

i think having my work life separate from my personal life is ideal. i like the idea of being on and off the clock. i want to join a union and be in solidarity with my coworkers and fellow workers. i want luncheons and coffee and work socials and having my weekends free. i want time for my passions and to make money so that i can do what i want.

i do not want to monetize my passions and hobbies-because that kills the joy. it is CAPITALISM that tells you to monetize your hobbies, to start a side hustle, to quit your job and be your own boss. CAPITALISM tells you that it's not enough to simply enjoy something.

the nine to five is not what is killing people. unfair wages, discrimination and monopolies are.

you can be anti-capitalist and be in the workforce. socialist and anti-capitalist movements have always been on the back of the worker.

[fadedelegance]

This guy asked why so many people are working today.

Me *thinking*: I’ll tell you why I’M here: because capitalism requires me to sell my labor in order to meet my basic needs. But even that is just a theory because most working people in this country and no poor people in this country are able to meet their basic needs with one job. Most of us need two. 🙃 To further drive my point home, in NO STATE in the ENTIRE COUNTRY can someone rent an apartment on the federal minimum wage of $7.25/hr. 🙃🙃🙃🙃🙃🙃🙃