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?

  • Fedditor385@lemmy.world
    link
    fedilink
    arrow-up
    1
    arrow-down
    6
    ·
    edit-2
    2 days ago

    Why do all solutions need to be destructive? The stocks and companies exist to make one thing - maximize the stakeholder value. So, to get rich, one just needs to - hold stocks, and the company works to make you money. Nothing more, nothing less. But why are so little people actually owning stocks? Because you don’t get tought in school about financial literacy.

    Money is actually on the table for everyone to grab, just that majority of the people lack basic knowledge - where is the table and how to get to it.

    Just teach people in school how to manage stocks, and everyone can be rich have a lot of money.

      • Fedditor385@lemmy.world
        link
        fedilink
        arrow-up
        4
        arrow-down
        1
        ·
        edit-2
        2 days ago

        Pardon my expression, everyone can have a lot of money.

        A man who doesn’t want anything is rich, even if he doesn’t have money. I adjusted my comment accordingly.