Comment on And you will never catch up as Bezos make 8,000,000 per hour

• grue@lemmy.world ⁨1⁩ ⁨day⁩ ago

  You don’t want the stock market destroyed. That is how retirements are funded as well.

  Thus illustrating [one of] the ulterior motive[s] behind replacing pensions with 401(k)s.

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  • wintermute_oregon@lemm.ee ⁨1⁩ ⁨day⁩ ago

    Pensions are funded by the stock market as well. Pension funds are some the largest landlords as well.

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• Sanctus@lemmy.world ⁨1⁩ ⁨day⁩ ago

  No, the stock market needs to go. It is the primary vector of mass exploitation and binds us all to these immoral chains. It makes Mr and Mrs Greenbury down the street as complacent in Nestle’s filfthy acts as the CEOs themselves, because everyone is drooling for line go up, nothing else. Wealth chasing is the heroin addiction for Mother Terra, and we will chase this dragon until the world is charred.

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  • wintermute_oregon@lemm.ee ⁨1⁩ ⁨day⁩ ago

    The stock market is how pensions are funded. That means the largest loss of wealth to the middle class.

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    • Sanctus@lemmy.world ⁨1⁩ ⁨day⁩ ago

      Thats great, you can still save pensions. Use the wealth you are redistributing to ensure pensions. The billionaires have enough for all of us to retire.

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• bstix@feddit.dk ⁨1⁩ ⁨day⁩ ago

  Well, those sugg would destroy the stock market. Nobody would ever register.

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  • wintermute_oregon@lemm.ee ⁨1⁩ ⁨day⁩ ago

    Really which company do you have more than 1 vote per share or have more than 5%? Very few people are given either.

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    • bstix@feddit.dk ⁨1⁩ ⁨day⁩ ago

      All non-stock companies which is the majority of all companies. That’s the problem. When a company applies for a stock market registration, it means that they’re selling off controll and profit sharing of the company I order to gain investments to expand.

      All companies start with a single or two owners. The transition from owning everything to including others won’t happen if it means giving up to the majority of control, whether that’s 50% or 5/95%. That’s why many companies get stuck on 51%. It only ever comes over 50% when someone dies or makes a mature decision of letting others control “their” company.

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