it DOES happen, whether Burton wants to acknowledge it or not, but I don't think it is common practice, it just effects thousands upon thousands of people when it does.
Of course it happens, HC, and it's disheartening- the question is what do you think can be done to stop it? Companies being able to move is a reality of life.
They don’t just bend over and take it, or when they do, the pain will usually be felt more by their employees and customers than any “fat cat” that so upsets some people.
It certainly is narrow sighted on my part, to dislike billionaires as a whole, but it is just as short sighted to think that 1% of 1% should hold 60%+ of the entire nations wealth.
Serious question: can you name *anybody* ever who has said, or even implied, any percentage "should" hold any percentage of a nation's wealth at any given time?
I sure as h3ll haven't, because nobody can say whether they should or shouldn't with any confidence.
I'll say again, I'm not trying to portray rich people as necessarily sympathetic figures (contrary to someone else's strawman). They'll be able to weather most storms, or be able to bail comfortably if they can't.
That said:
When Steve Jobs, Bill Gates, Paul Allen, Warren Buffett, Mark Cuban, etc, became wealthier than guys like us can even imagine,
no one got poorer as a result! In fact, them doing so made many other people's lives better, either in small ways with computers they liked for prices they liked, or in large ways with jobs at companies that made *them* rich as well (maybe not as rich as the founder, but it's only children that should engage in such juvenile envy).
This attitude that a group of guys like them having gotten wealthy is a bad sign is complete and utter hooey.
We've got a group of people in this country sitting around butthurt that a bunch of guys got fabulously wealthy, but can never explain why that's such a crime to them (assuming there was no crime committed amassing that wealth).
Further, the top 1%, 10%, and in fact all brackets are
transient. A significant percentage of people who are in the top 10% at any given time won’t be there 5 years, or even 1 year, later. The same goes for every other bracket.
That means focusing on the fact that they are so fabulously rich compared to others is just pointless ‘politics of envy’ nonsense meant to get people to vote more power to the government.
And some fall for it.