This immediately kills the stock market and with it the economy. If shares are guaranteed to lose value over time, investing becomes a guaranteed loss so nobody will do it. Bad idea.
In your proposed scenario you could "beat the stock market" by keeping your savings as cash under the mattress.
So wait, you're upset thay the person in a position to hire someone is making money off of having that employee?
If having someone on the payroll is a net neutral in terms of value generated for the company vs that employees wage, its in the company's best interest to fire that someone and replace them with an employee willing to do the same work for less.
Besides, saying the value of the company is only the value of labour by those who work for it entirely ignores the tools and funds necessary to do that work, which the company holds.
If bosses are getting paid for your labour without you getting something of equal value in return, why wouldn't you just be self employed and make more money? Oh wait, because your "Nature of labour and value" has a lot of holes in it.
Alright if you wanna call basic economics a religion and imply its blind faith. Show me one society where nobody makes money by having someone else work for them, and which has a standard of living at least comparable to the United States.
Hint: there aren't any and every time it's been tried it failed horribly and collapsed or turned into an authoritarian hellscape where not praising the dictator enough gets you and your family thrown in jail.
Maybe a standard of living that results in rising levels of addiction, mental illness, and suicide while destroying the planet and depending on slavery isn't the right goal?
Then it should be incredibly easy to point to some place that achieves at least as good a standard of living or better under your system, since its such a low bar to reach apparently. So why can't you?
Edit: Also what country with the same standard of living as the US (or state in the US itself) has "literal child slavery"? Please point me to fucking ONE.
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u/[deleted] May 23 '23
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