- 0 Posts
- 12 Comments
Bronzebeard@lemmy.zipto Ask Lemmy@lemmy.world•Movie/Film Ideas you swear they could make you a million bucks richer3·8 days agoEn tarro Tassadar
Bronzebeard@lemmy.zipto Ask Lemmy@lemmy.world•Does anyone truly think times are better now than 30 years ago? (US)1·8 days agoBut now they have the means to organize
Bronzebeard@lemmy.zipto Ask Lemmy@lemmy.world•At your current rate of spending, for how long could you survive without income?1·15 days agoAbout 4 months before I have to sell any assets. Then about 144 months, not including future growth of those assets before they’re sold. But then I’m broke at nearly 50.
Bronzebeard@lemmy.zipto Ask Lemmy@lemmy.world•At your current rate of spending, for how long could you survive without income?2·15 days agoBuy into a broad market tracking ETF (something that tracks s&P 500 or 1000 or similar). That way you’re not betting on individual companies, your betting on the collective largest companies in the world doing well. Over a long period of time, which for over a century has averaged ~7% inflation adjusted return yearly.
I already answered this, you chose to ignore it. I will not repeat, as you’re not arguing in good faith.
Blatantly, no. Learn to read. Holy shit
The obscene concentration of wealth is bad for the stability of the country. The existence of billionaires is a policy failure. And there’s no world where they exist without them being able to influence politicians, rules against it or not. You can’t just exclude one of the biggest drawbacks of their existence from criticism
The op did not mention only companies that would be publicly sold. It said ALL OWNERSHIP of companies would be banned. So yeah, people can currently register their companies in whatever way they wish, but the op removes all the options that make the most sense for small companies. And I bet your example was just a partnership, and they wanted to feel fancy by calling it a board.
Billionaires are definitely a problem. Corrupt public servants are also a problem. We can admit there is more than one problem.
I don’t think outlawing the existence of stocks fixes things though.
You just reinvented a Co-Op.
However, at what level does this get enacted?
Does little Tommy’s summer lawn cutting “business” with his 3 neighbors as customers need an elected board in order to operate?
If I run a business and need a secretary to take care of some mundane things while I do the actual money making part of the business, doors that secretary suddenly get 50% vote over all decisions?
It’s a fortification