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I don't think you really understand what "Limited liability" means, nor who these supposed capitalists are. All those public pension plans & unionized retiremen
by respondo2134 3y ago
I don't think you really understand what "Limited liability" means, nor who these supposed capitalists are. All those public pension plans & unionized retirement funds probably appreciate that they're not on the hook for unlimited liability from J&J.
- ClumsyPilot 3y agoSo? You have said nothing to refute his point. Pention funds are capital. You don't need to optimise returns on capital at the cost of a generation that in currently young and working. Pention system can be managed differently if needed too.
- underlipton 3y agoBoomers who made bad investments instead of just saving for retirement. I sure would feel bad if those were raided to help alleviate the suffering of sick or bereaved people here, now. /s
- hkt 3y agoYou're right, they probably do. They're pretty relieved that they don't have to govern (which is what they're doing, by the way) with any regard for anyone but their shareholders.