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What if we got rid of stocks? (lemmy.world)

submitted 1 week ago by [email protected] to c/[email protected]

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Ive often seen individuals on the left talking about how billionares shouldnt exist etc., but when probed on how that could be accomplished the answer is usually just taxes or guillotines. I dont think either is great.

What if instead, corporations were made to be unable to be sold or owned. Initially theyre made to default to popular election for their board, and after that they can set up a charter or adopt a standard one, ratified by majority vote of their employees.

Bank collapse would probably follow, how could that be remedied? Maybe match the banks invalidated stocks with bonds?

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[–] [email protected] 0 points 5 days ago (1 children)

I already answered this, you chose to ignore it. I will not repeat, as you're not arguing in good faith.

[–] [email protected] 1 points 5 days ago* (last edited 5 days ago)

You didn't actually answer it though. Are you arguing in bad faith?

The obscene concentration of wealth is bad for the stability of the country.

How?

The existence of billionaires is a policy failure.

How?

And there’s no world where they exist without them being able to influence politicians

There is though - the world where politicians aren't corrupt.

If all of the issues with billionaires come down to politicians being corrupt then the problem isn't billionaires, it's corrupt politicians like I said. Billionaires aren't the only ones that can bribe/influence corrupt politicians.