re: #552 engineer dog

on the other hand, there are also companies that “create wealth” where all the profits are ploughed back into the company, like kaiser, and even some successful companies that have a even more radical policy of paying everybody about the same

so having a massively compensated senior executive or large profits is not absolutely necessary to “create wealth”

True. I did rush through that. In theory though someone making 100 million a year will spend it though. In theory if it goes into stocks, bonds, etc., it should create investment capital which can then be used by other for creating wealth. IOW, big CEO sticks millions in bank and bank lends out millions to carpenters, plumbers, real estate speculators, etc. In theory but we’re seeing less of that today.