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You missed the point. You're focusing on the management of the company, but I was talking about ownership. I own shares of companies both directly and indirect
by atq2119 6y ago
You missed the point. You're focusing on the management of the company, but I was talking about ownership.
I own shares of companies both directly and indirectly. Because of this ownership, I receive a (small) part of those companies' profits. I don't have to do anything to receive that profit -- I do get it for free.
(And yes, I'm a partial owner here because I didn't spend some money I earned in the past on other things instead. But why exactly should I be rewarded for that? It's far from obvious, and the usual rationalizations all have weaknesses. Keep in mind that many people who receive such profits didn't work for them at all: they inherited the ownership.)