Comment on Poignant post on the state of things
TengoDosVacas@lemmy.world 7 months agoThe value would reflect ACTUAL productivity and not the amount that CEOs pay themselves.
Watch Tesla slow burn over this exact issue. Hopefully every company engaging in greedflation has the same fate.
Cryophilia@lemmy.world 7 months ago
How do you determine that value?
Currently the value of a stock is whatever someone is willing to pay for it. Who decides what the value should be, in your scenario? A government department?
TengoDosVacas@lemmy.world 7 months ago
If necessary, yes. Otherwise its just fraud. “Whatever someone is willing to pay” doesnr make a thing valuable; it just makes the buyer stupid. If I sell you a rusty old tricycle for $6000 just because you have a psychotic nostalgia for it, the value of old rusty tricycles doesnt become $6000.
Cryophilia@lemmy.world 7 months ago
That would work maybe…so you’d have a government body to assess companies like houses are currently assessed. Sounds expensive though. We’d need to raise taxes, which is probably a good thing anyway
TengoDosVacas@lemmy.world 7 months ago
It wouldn’t involve raising taxes as much as it would involve collecting taxes in the first place from billionaire assholes hiding their wealth. This is a recent problem and is easily fixed.