Ive often seen individuals on the left talking about how billionares shouldnt exist etc., but when probed on how that could be accomplished the answer is usually just taxes or guillotines. I dont think either is great.

What if instead, corporations were made to be unable to be sold or owned. Initially theyre made to default to popular election for their board, and after that they can set up a charter or adopt a standard one, ratified by majority vote of their employees.

Bank collapse would probably follow, how could that be remedied? Maybe match the banks invalidated stocks with bonds?

  • anachrohack@lemmy.world
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    11 hours ago

    Maybe just give rid of the 2ndary market. You can only buy stock directly from the company, and you’re entitled to a % of profit share as a result of that. When you’re done, you can sell the stock back to the company

    • Brave Little Hitachi Wand@lemmy.world
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      11 hours ago

      A return to pure value investing would be incredible harm reduction about, I dunno, sixty years ago. Nowadays the derivatives market is so much larger than the actual market that any attempt to unwind it might literally collapse the entire global economy

      • AA5B@lemmy.world
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        7 hours ago

        At least some of that is tax rates. A few tweaks to unrealized income and losses, capital gains and losses, treatment of dividends, and we can step back from the brink of “financial engineering” and get back to using the profit motive for actual engineering. Basically repeal most of the tax changes since Reagan