If it's not equally distributed, who should get more -- and based on what criteria? — Mikie
If so, how much more? Should 60% of the pie go to this individual or group of individuals -- say 10 people? Or should it be more like 30%? What about 90%? — Mikie
(3) Who decides (1) and (2)? — Mikie
(3) Who decides (1) and (2)? — Mikie
100 people all contribute to producing something. — Mikie
The guy who puts up the money gets:
[The money he put up] + [Risk of loss] + [Reasonable incentive to invest]
The other 99 get a salary or wage and benefits that allow living a decent life. — T Clark
But if someone does or contributes more than the rest I think it is justified to give to such participant more proportion of the pie than the rest. — javi2541997
I think it should not be more than 49,99 %. — javi2541997
Or the individual with huge percentage could be abusive to others, etc... — javi2541997
The participants in a voting system. 3/4 of the votes could be useful to reach the distribution of proportions among the members. — javi2541997
(3) Who decides (1) and (2)?
— Mikie
Those that have the power to do so. — ChatteringMonkey
(3) Who decides (1) and (2)?
— Mikie
That depends on the economic and political system under which this enterprise is carried out. — Vera Mont
Who has made the investment? All 100 equally? The equipment, the capital, is owned equally by the 100?
Whose idea was the enterprise? Do all 100 have equal share on the property rights, if there were any? — ssu
No.
100 people and the accumulated wisdom of 10,000 years of human civilisation and the accumulated capital of 7 billion years of evolving life all contribute to producing something. — unenlightened
That's true. Let's narrow it down and say the a typical Fortune 500 multinational corporation. — Mikie
How much of the profits does he get?
That’s the question. There is an answer in real life, which is decided by real people. The answer to this also directly affects the “decent life” part. — Mikie
Is this question in my ideal world or the current world? Taking your subsequent clarification about a Fortune 500 company, I'll assume this is a US company today you are asking about.more — Mikie
Your question was what should it be, not what is it. — T Clark
Let's say only a handful of people own the property. I'm not assuming everyone is equal, I'm asking how distribution of profits is decided -- and by whom. — Mikie
Each employee should be payed their market value. — PhilosophyRunner
What their market value is. — PhilosophyRunner
The people who put the capital in decide. — PhilosophyRunner
we can speculate in specifics as well. — Mikie
"Me" is a joke answer, I assume. — Mikie
That's defined in the statutes of the company and usually lies with the executive board members. But they are voted in by the shareholders, so any shareholder with sufficient voting rights will effectively decide on the board members, so board members are incentivised to make shareholders happy. — Benkei
Yes this is how it works.
Not how I would like it to work though, but how it works. — PhilosophyRunner
Again, the question was "what should," not "what is." — T Clark
Says 200 years of reinforced economic theory (market economics) married now successfully to neoliberalism aka "culture". — Benkei
Minus talk about markets, anyway -- which is usually used as an abstract cover for real people making real decisions, usually for unjustified reasons. — Mikie
"The Market" is simply saying the aggregate of the above instead of listing them all out one by one, nothing more nothing less. — PhilosophyRunner
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