Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

alc

(1,151 posts)
9. some one time (i.e. temporary) fixes
Tue Jul 23, 2013, 12:52 PM
Jul 2013

Once they've spent all their wealth on these, they can't do it again next year. Next year's income won't be anywhere near enough to repeat.

Better things they could do would involve business

* Create VC funds with a goal of companies that don't care about revenue. Guarantee the entrepreneur a good profit if they succeed, and take back a reasonable profit themselves to re-invest in new startups. Then run the business for no profit.

* Bailout companies and turn into non-profits. Just think what GM would be now if unions and wealthy liberals who complain about capitalism had taken over GM. When they were at the bottom it was not an unreasonable goal to secure funding to buy majority share and rebuild the company. Then show what can (or can't) be done by removing profit and high exec pay.

* For significantly less money at a time start buying franchises in various chains and running them for no profit and paying employees better. Like the VC idea, they could take enough revenue to pay back their initial investment and fund the next franchise. And they could make it employee-owned with small amounts of revenue going to employees over and above their salary/wages.

The uncaring rich aren't going to do the 11 things in the OP. But there are lots of rich people who complain about capitalism and corporations and excessive profits who may be able to be convinced to develop a non-profit-driven economy.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»11 Shocking Things The Ri...»Reply #9