• 0 Posts
  • 23 Comments
Joined 2 years ago
cake
Cake day: July 18th, 2023

help-circle








  • The speaker of the house is the defacto boss of the parliament and that’s who invited the nazi. Even if they knew the history of everyone who enters the building, the PM couldn’t have prevented the speaker from inviting this guy. Had ANYONE known this guy’s history, this wouldn’t have happened.




  • it seems plain that as long as company shares remain tradable, some holders will accumulate fortunes allowing them to survive merely by virtue of their holdings,

    Yes, I agree with this, but plz realize that this is not solely dependent on stocks as people can, and do, amass wealth through other means. But it is definitely a big part of the problem.

    through profit generated by the work of others.

    Sometimes yes… and sometimes no!!!

    As long as you choose to fixate on ONE thing, well… then you won’t see the entirety of the picture.

    Again, people CAN amass wealth without taking advantage of workers, or without trading stocks, and that is STILL a problem.

    The trading of stocks itself, not particular laws or codes, supports the stratification of society

    ??? Where do you think the definition of stocks and the rules governing their trade exists? It absolutely IS particular laws that are the problem.

    As I’ve said in other comments, you could get rid of stocks and replace them with some other set of rules for defining ownership, and guess what? If those totally new rules allow some people to a differentmass billions of dollars of wealth then we’re back in the exact same situation… because it’s the rules (ie: laws and codes) that are the fucking problem

    Want to see a corrupt politician lose their mind? Tell them to increase the capital gains tax.







  • Point taken, but FYI billionaires don’t “earn” a billion dollars regardless, it’s almost exclusively because their net worth due to stock ownership makes them a billionaire.

    If you bought a house somewhere cheap, and then the eyesore old factory down the road gets torn down, and the land around your house explodes in value, you did not make a million dollars in income, even though your house is now worth that much.

    As well, most billionaires live off money they borrow at stupid low interest rates because that doesn’t count as income. An accountant would be able to explain in depth but that’s one of the way they dodge taxes.