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> a shareholder in a public company indeed suffers no consequences for said company’s actions other than potential loss of their initial investment. I didn't s
by pmiller2 7y ago
> a shareholder in a public company indeed suffers no consequences for said company’s actions other than potential loss of their initial investment.
I didn't say "no consequences." I said the consequences were too small.
- hogFeast 7y ago...compared to what...you have lost 100% of what you put in. Any other system is about wealth transfer...it is generally not advisable to attempt to transfer wealth this way, there are unintended consequences.
- pmiller2 7y agoThe consequences are too small compared to what would be needed to prevent Exxon dumping millions of barrels of oil into the ocean. Who cares if it’s wealth transfer, anyway? If I lose my initial investment in a company, that money goes somewhere, right? Ergo, what we have is already a form of wealth transfer.