Lafiel said: @ Garcian Smith and FishyJoe )
|
I disagree with this strongly, not just on a factual basis but on a moral basis as well.
On a factual basis, not only rich people own stocks. Sometimes a significant portion of employees income is derived from stock options.
On a moral basis, a publicly traded company has a responsibility to maximize profits for it's shareholders, not employ as many people as possible. Why would anyone invest money if they didn't believe the company wasn't working first and foremost for the shareholders? These are businesses, not charities.
What you're describing is a non-profit company, not a publicly traded business.