Then the stocks shouldn’t be worth that much and the man shouldn’t be able to spend like he has $92 billion
Comment on Imagine if Amazon and all jobs out there were cooperatively owned?
finitebanjo@lemmy.world 3 weeks ago
I like the energy, but you’re not going to sell 92 Billion dollars worth of stocks for 92 Billion dollars.
Donkter@lemmy.world 3 weeks ago
finitebanjo@lemmy.world 3 weeks ago
Stocks aren’t the exception, if a massive amount of USD holdings were sold off it would also plummet in value.
Its basic Supply and Demand.
ExploitedAmerican@lemmy.world 3 weeks ago
Usd has plummeted in value though and those in control of the economic system have manipulated it to hide this reality. For instance Inflation statistics are calculated by the world bank and IMF using Consumer price index which is extremely flawed mostly because CPI does not account for the 2 primary driving forces of inflation… the increase in circulating currency supply and leveraged national debt. So they are feeding us highly skewed inflation numbers to prevent the workers from rioting/ fomenting a revolution so their passive income faucet keeps flowing.
Saying that “It Doesn’t Work that way” is just highlighting the reality that the entire system is rigged and set up to benefit those in control over those doing the actual labor and creating the profit
finitebanjo@lemmy.world 3 weeks ago
This might seem like an odd question, but whats your opinion of NATO?
skisnow@lemmy.ca 3 weeks ago
That’s a specious argument. It might be technically true, but not by nearly a big enough margin for it to make any difference to the underlying point.
DarylDutch@lemmy.world 3 weeks ago
He could just hand over the stocks.
Artisian@lemmy.world 3 weeks ago
though they would drop in value very fast thereafter, no? My naive understanding is that a good share of people would sell them immediately, causing a price crash.
Lumisal@lemmy.world 3 weeks ago
Around 25% would have to sell over 50% of their stocks for it to maybe start having an effect.
It could also raise the value of the stock to free up so much stock from a single person to many, as selling it would mean stronger belief in the stock going up.
Stock market is part math, part religion really.
DarylDutch@lemmy.world 3 weeks ago
Also companies do “stock options with limitations on selling for a certain period” all the time.
Artisian@lemmy.world 3 weeks ago
That level of sales sounds really realistic to me, most employees are not doing well and experiments in employee ownership generally see people selling that ownership fast without training (at least I’m told). I don’t follow your bit about sales -> stock go up, my best guess is you’re saying that this will crash the price artificially causing people to think now is a good time to buy?
But if you buy too much you’ll be in a position like bezos, likely to get redistributed? I think we’d need a lot of different people with the liquidity?