"In General Electric’s annual report from 1953, the company bragged about how much it paid in taxes and how much it was spending on payroll. It explicitly said that “maximizing employment security is a prime company goal.” The founder of Johnson & Johnson said that the company’s responsibility to its employees was higher than its responsibility to its shareholders. Corporations then had a radically different conception of their role in society compared with corporations today." https://archive.is/66hPb

@codinghorror

They have been stealing wages for ages.

Henry Ford thought it smart to pay Ford workers enough that workers could buy a Ford, and did so for years.

Members of the Board of Ford, took Ford to court, suing him for giving money that could be theirs, profits on their investment, to workers who have no standing in court.

They won, Ford Lost. Ford paid those Board members enough to start their own car company, which became GM.

Because people have no standing in court, just money.

@kevinrns @codinghorror That is so dystopian lol. There should be a law preventing shareholders from making anything over than a small percentage of the profit of the company.

@Zach777 @codinghorror

Taxes should be fair, companies should be small. Big companies create men who who begin to love being obeyed. Its the gateway drug to fascism.