It remains fascinating to me that lefties are obsessed with supposed wealth inequality but have absolutely zero curiosity about wealth creation. It's always take, take, take. Just pure envy and greed.
Of course we know perfectly well how wealth is created (and stolen.) I mean, one of the most successful sports leagues on the entire planet figured it out, and I explained it in the very post you responded to. Every team in the MLB gets a portion of what the MLB as a whole generates through a soft cap on player salary that is taxed, and distributed evenly between the teams.
Furthermore, EVERYONE involved in the MLB makes money. E.V.E.R.Y.O.N.E, except for part-time vendors. The part-timers are mainly local youth and retirees. Some of them are on government assistance for being disabled in some way, such as Down's Syndrome, and this is their way of earning both an income, as well as that government assistance they receive.
Some vendors are full-time and work for the league year-round. The full-time vendors make at least $70,000/year. This is their actual career. Not a side-job. These people work 40+ hours a week. They double as janitors and sometimes help the grounds crew preparing and maintaining their stadium. I should know. I have an uncle that did this very thing for the Atlanta Braves, and this was way back in the early 1990s before the latest CBAs that have since increased the pay and benefits of ALL full-time workers. He made a good living out of it.
The NFL, the most successful sports league on the planet, with one of the most wealthy sports francheses with the Cowboys worth $10.1 billion, (Patriots $9 billion, Rams 7.6, and Yankees 7.55). The NFL itself is worth about $230 billion. In comparison, Wal-Mart is worth 913 billion.
The difference:
The NFL only operates (the vast majority of their revenue) comes from just 18 weeks of the year. Wal-Mart, in comparison, operates (operated) 24 hours, 364 days of the year for decades on end, and currently operate 18 hours for 364 days of the year.
The Superbowl is the most prolific singular event in the world, other than perhaps the World Cup Final itself.
I am from Williamsport, Pennsylvania. The most successful youth sports league on the planet operates out of Williamport. So I know my baseball. I know my sports. I used to volunteer every year for the LLWS as a soda vendor, and I made more money selling sodas in a week through my teenage years in the late 1990s and early 2000s, than I ever did as an hourly full-time employee working for Wal-Mart after high school. Yes. I made money as a "volunteer" soda vendor. (I also stayed to help clean the stadium after the days' events were complete. I stayed late, far into the night, for the week before school started.)
I made commission on the sodas I sold when RC Cola was the soda sponsor of LL.
When Coke took over, they switched to paying us hourly. We all decided not to be vendors any longer for private soda companies. For a few years, they literally had nobody to walk around selling soda. Until finally they relented and started paying commission for every soda sold. As I understand, Coke is now making more money than they did when they decided to be greedy.
In my local area, there are three other examples I would like to give:
Weis Markets
Wegman's
Sheetz
Wawa.
Of those three retailers (two gas station chains and two grocery chains), Weis is the greediest of the three. They don't hire full-time workers at all. They only pay $12/hour. They offer no benefits. They are no longer a growing company, and i don't think they ever reached the list of best companies to work for.,
Wegman's, Sheetz, and Wawa are all frequently in the Top 100 and even the Top 50 of companies to work for. Sheetz starts at $15.50/hour, even in Clinton County, PA (the poorest county in the state). Wegman's starts at $14 / hour for their lowest part-time day-shift position. Full timers overnight will start at $17/hour. Wegman's generally tries to hire full-timers, but they do give students, retirees who are bored and want to remain productive, as well as the disabled, part-time jobs during the day. Wegman's is almost always on the Top 50 companies in America to work for.
Same story with WAWA.
Wegman's, Sheetz, and Wawa are all growing companies. Hell, Wawa is expanding through the northern and western part of the state, opening up a lot of new stores. One in Williamsport just opened last year. One in Lock Haven next year, and same with State College.
Same can be said of Buccees. It's now moving north. one just opened in PA not too long ago.
Amazon was FORCED to increase workers' pay due to the threat of workers striking and shutting down their fulfillment centers. Same thing happened to Wal-Mart through the 2000s and 2010s. Both Amazon and Wal-Mart were forced to recognize that, yes. Their workers ARE necessary to run their ◊◊◊◊◊◊◊ business. Wal-Mart starts their lowest employees at $14 / hour in the lowest-cost-of-living areas and have to start the higher cost areas at $17. Sam's Club employees make a minimum of $16/hour.
The entire point is, it's the WORKERS that generate the wealth. Not the CEO. Not the board of directors. CEO position wouldn't even exist without a workforce, as the company wouldn't exist.
And finally, people can make as much money on the stock market as they want. I am only targeting company embezzlement here. An overly excessive salary and bonus structure that is essentially stealing from the company. Nobody.... and I mean absolutely N.O.B.O.D.Y is worth paying over a billion dollars in salary and bonuses. It's the CEO and BoD paying themselves, embezzling company money at the expense of the REAL wealth-creators: The workers, supervisors, and managers themselves. They're the ones that ultimately have to make and carry out all of the day-to-day decisions and work throughout the entire company that keeps it running, and the customers coming back.
Wealth is O.N.L.Y created through the production of goods. Services are supported by the production of THINGS. A piece of stock is just a piece of paper, which is virtually useless in producing anything. It's just a piece of paper and means absolutely nothing. It doesn't produce a sofa. It doesn't produce a car. It doesn't pull iron or oil out of the ground. A piece of stock only has value as long as there is productivity to support that value. Just like with the US dollar. It's completely and totally worthless without the entire US economy producing STUFF. It's very literally what currency was invented to do in the first place: as a medium of exchange for STUFF that was produced by workers. By pottery-makers, farmers, builders, etc. Otherwise, currency wouldn't have a reason to exist.