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Comment on But how would they be able to live on that?

howrar@lemmy.ca ⁨6⁩ ⁨months⁩ ago

It gets tricky when you get paid once and then never get paid again, but the original thing you were paid with (i.e. company stocks) goes up in value over time, effectively replacing wages. Do we count that value increase as well? What if you get paid in cash, you buy something with that cash (could be the same company stocks), and that thing goes up in value? Or you buy another asset that your company has a lot of influence over?

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Olgratin_Magmatoe@lemmy.world ⁨6⁩ ⁨months⁩ ago
Seems to be another good reason to abolish the stock market. The difficulty of tracking that stuff vanishes if it doesn’t exist in the first place.

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- howrar@lemmy.ca ⁨6⁩ ⁨months⁩ ago
  The company exists without the stock market. People will still own portions of that company. The value will just be harder for the general public to determine and can be more easily obfuscated for tax purposes.
  
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  - Olgratin_Magmatoe@lemmy.world ⁨6⁩ ⁨months⁩ ago
    
    People will still own portions of that company. The value will just be harder for the general public to determine and can be more easily obfuscated for tax purposes.
    
    Companies shouldn’t have values placed on them. They shouldn’t be bought or sold. They should all be employee owned.
    
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