14 companies on Austrian stock exchange paid their share holders €2,3 Billion for the year 2008, the crisis year which cost millions of people their jobs, savings, homes, quality of life. And in which governments paid billions of tax-payers money to save banks/businesses which are again making profits that flow into someone else’s pockets.
This amount makes out 4 payment rounds for 410.000 employees at those very same companies. But these employees are still being fired or made to work “Kurzzeitarbeit” – basically working a bit less for much less money.
All together ¾ of earnings are being paid out instead of invested or kept in the company. Every second company paid more to the share-holders in the crisis year 2008 than a year before.
Noticing anything wrong?
Tags: Capitalism, Crisis
Noticing anything wrong?
No!
Honestly: If you open a “Sparbuch”, do you expect interest? I guess so!
The dividend yield of ATX-companies is somewhere between 0% and 4% before tax. Except for Post AG and Telekom AG, who may not fire anyone…
Going public is still (or even more now) the cheapest way for comanies to collect money for growth. And only growth creates jobs…
Going public allows companies to collect money they wouldn´t get from banks and invest it into successful research e.g. in vaccines (Intercell as an example)…
The dividend paid to shareholders is like interest simlply the cost of money. Do you know where it leads to if money doesn´t have a price?
You are suggesting that the dividend yield of my investment (made with money I earned and paid taxes for!) is given to someone who has not worked for that very same money. You are forgetting furthermore that 1/4 of my dividend is deducted as tax again.
In clear words: If I have 1000 to invest into the stock market, I already paid the same amount as taxes into the social system. If I make 400 dividends in 10 years, I pay another 100 into the social system.
Is our system really the one that disserves class warfare propaganda? I don´t think so…
I am following your blog as good as I can. The more time passes the more difficult it becomes to follow your opinions though…
C.