CEO Explains How The Rich Has Been Monopolizing The Stock Market, And Reality Has Nothing To Do With It
Margareth SPublished on
It takes one millionaire to understands another. Unless you have been living the same lifestyle, you’d hardly understand what it’s like to be in someone’s shoes. Empathy is not something that can be taught after all – you’ve got to feel it yourself to get it.
CEO Dan Price was the man who went viral when he once fought for worker’s life quality by increasing the minimum annual wage to $70,000. The price was a million dollars off his own salary.
He’s started another fire thread – this time, it’s exposing how other millionaires are just monopolizing the stock market.
The ability to command from a top management position is no joke. Dan himself has not questioned these big shots, entrepreneurs, and directors’ choices when it comes to the company’s overall well-being. However, during times of crisis, it was made clear their priorities lie in what they can squeeze out even during a crisis.
This thread has gone viral after the people of the ‘Wall Street Bets’ subreddit gang busted millionaires who tried to ‘short’ GameStop stock to oblivion. Several investors have earned thousands of dollars in just one day as more Redditors join in the crusade. At the same time, it shows what people with a lot of money can do, regardless of what’s happening in the real world.
Dan who laid out one million dollars in 2015 to improve his workers’ life quality has enjoyed directly the increase in their productivity. With $70,000 annual salary regulation, Dan’s viral tweet told people that it can be done.
But his newest viral tweet thread exposes how 30+ giant companies worth more than hundreds of millions of dollars did not do so. Tens of thousands of workers were laid off, billions of dollars were given to the select few top management members, while the rest just grit their teeth and accept what they have.
Sure, the pandemic has shaken the economy to the core. Small businesses are the most affected, forcing many to close down. Yet, the big companies are allowed bailouts and still millions of dollars of bonus as of 2020. What about the 14.7% unemployed people in April 2020?
While thousands were dying, stocks grew. Small businesses were forced to struggle.
With the facts laid out like this, people can’t help but simply grow angry at how corrupt the system is. When thousands suffer, these millionaires and billionaires would still seek ways to profit even at the cost of people’s jobs.
Technology and globalization have indeed reduced the need for human resources to operate things. Yet, this is not enough to justify the millions of dollars the company spends elsewhere while laying off workers with the preface that they’re facing financial difficulty.