That is why I think stock ownership should be for a minimum term, like bonds.
10 year minimums. That should turn it back into an investment vehicle it was always supposed to be.
Comment on There is no good reason why there is still homelessness and poverty
givesomefucks@lemmy.world 4 days ago
a system that arbitrarily concentrates most of it on a few people
It’s not arbitrary.
And the reason it’s so much worse now is the distribution.
If one family owned a company, they’d value long term brand loyalty over quarterly profits.
With a corporate board, they all own a piece that’s easily sold, and a whole bunch of other people who don’t have “enough” already. There’s no focus on long term company health, just that the percent return increases.
That’s just not sustainable.
So large corps but up companies, run them into the ground, then sell them off. Often replacing with shitty knockoff quality products under the same brand.
A private owner can be satisfied, a board will always demand the numbers go up.
SapphironZA@sh.itjust.works 4 days ago
givesomefucks@lemmy.world 4 days ago
Minimum purchase limits and preventing use as collateral on loans are two very simple pieces of legislation that would make a huge difference in wealth inequality.
SapphironZA@sh.itjust.works 4 days ago
And loans should be taxable, with repayments being deductible.
Or we should just switch all taxation to be wealth based and not income based.
jali67@lemmy.zip 3 days ago
The whole system modeled on infinite growth is not sustainable. The population is aging and we’re running out of markets and increased competition abroad. We’ve hit the end of the road for the post WW2 era. The American model in almost every industry just milks and extorts the working class and they are running out. Between big pharma price gouging citizens, banks trying to deregulate, and big tech out of any innovation just making harmful advertising/surveillance capitalism. They are running out of ways to extort and keep maximizing profits without harming citizens. They are trying to seize more control and influence of the government because of this.
plyth@feddit.org 2 days ago
So large corps but up companies, run them into the ground, then sell them off.
Look up who is allowed to invest in large corps and who is allowed to invest into start-ups and it will make sense.
mp3@lemmy.ca 4 days ago
Even worse is that they try to gaslight society into thinking the poors are leeches and parasites on society, while it’s been them all along.