2 ms·
Don't punish people like billionaires. Instead institute policies that are pro worker and pro society. Like no more stock buy backs. Or tax incentives for large
by mnky9800n 6y ago
Don't punish people like billionaires. Instead institute policies that are pro worker and pro society. Like no more stock buy backs. Or tax incentives for large cap r&d investment. Or corporate tax incentives for generous pension plans. Basically instead of letting them pay no taxes for dumb reasons let corporations pay no taxes for proworker and pro society reasons.
- sho 6y agoIt is a very difficult question. It is money vs. society. If you can earn more money for yourself by impoverishing others, but the total wealth and stability of society goes down, is that a good thing? No I think it is not. There's a conflict here. Society vs. money. This is a transitional phase and I believe money will be gone in 20 years, replaced by some kind of "shares in society" or something. I have ideas about how that works but there's no doing nothing. You can't have billionaires living in castles surrounded by millions of starving poor. It's not about "merit" it is about human life. Life will win every time.
- danielheath 6y agoBuybacks were never the problem. Buybacks as part of acquisitions, using the acquired companies resources to take complete control for less than its market value, are a ridiculous accounting trick which should never have been permitted. Buybacks combined with tiered stock are also pretty fraught. Buybacks by existing leadership in pure-common-stock orgs are fine.