On 11/22/2020 at 12:10 PM, BigPoppaPalpatine said:

Except this is not the case. The money gets reinvested. Companies expand or get created by these investments. This employs more people. Using Amazon as an example... the company gets into adjacent markets. You go from a bookstore, to an online market, to shipping, to groceries, to entertainment... each move expanding their employment.

It doesn't. I have worked directly for some of the wealthiest people around, doing work for their estates and whatnot, and have worked for many of the larger companies you've heard of (and some you haven't). The myth of tax cuts leading to reinvestment was invented to cover up the fact these people essentially are sinkholes for economic value. Mostly they rathole the money away, or spend it on ludicrously overpriced toys that do no contribute to functional capital momentum (an overpriced piece of art traded from rich person to rich person is effectively lost economic value).

The only thing that drives positive economic growth is money in the hands of people who will consume functional goods and services that are directly feeding into resource loops that touch on the working classes. Middle classes are much more efficient consumers and far outnumber the "rich", and a dollar/pound/etc in their hands will have far more positive economic impact that that same unit of currency in the hands of the wealthy, who will inevitably spend it in a less economically efficient fashion, or will rathole it away in a static fashion. And prevention of bankruptcy due to social welfare programs also helps immensely, as economic value gets washed out quickly in liquidation.

Companies expand to grow into new markets and expand marketshare, and to create conditions for stock valuation to look good; it's a perception game to honeytrap money from rich people, but it's also fairly static value, and far less macro-economically efficient.

Hasbro is a prime example of this. That company has built a reputation of buying out rival game designers and companies then locking the patents away in thier vault. Good example is Avalon Hill, Hasbro bought the company and destroyed a long line of serious strategy board games. FASA is another, a company purchased and some games tossed and the rights hidden away. I am afraid that if the designers are ditched then a lot of FFG games will be reviewed and discontinued, that or else the purchasing company goes bankrupt and we lose the who thing. Welcome to corporate takeovers where the investors control it and sell it to make a profit for themselves. There are even companies that buy up a struggling company, then fire everyone a and sell of the company piece meal.