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VW basically does what everybody else is doing (see news about Daimler and BMW). The state-owned aspect changes nothing, it just says that 30% of VWs profits go
by allendoerfer 9y ago
VW basically does what everybody else is doing (see news about Daimler and BMW). The state-owned aspect changes nothing, it just says that 30% of VWs profits go into the pockets of the German state of Niedersachsen instead of the pockets of a private investor.
That was the key point of the original discussion about Gates' money and rising inequality, so the example is very valid.
- qaq 9y agoIt's valid in a sense that if government does not control voting rights and plays no role in day to day operations sure there is no difference. If you start taxing the stock and transferring stock to government eventually government will have control of all entities though.