3 ms·

I’m not sure what you are suggesting. That it is inefficient to have the cash on the books to allocate as they see fit (patience which has turned out to be effi

by voisin 3y ago

I’m not sure what you are suggesting. That it is inefficient to have the cash on the books to allocate as they see fit (patience which has turned out to be efficient given their track record), or that because it’s there the government should take it to deal with climate change and famine? Are you arguing it is inefficient or you don’t like the way capitalist democracies are structured? I can’t argue the latter as I agree with you, but the former is pretty objectively (over any period of time greater than a half decade) incorrect given their track record.

Obscurity4340 3y ago
This is a more a latter-argument clash of ideals I guess. I was never arguing I know how to invest better than Buffett/Munger etc. I'm not even specifically picking on them, there's many companies with stacks in the back that slowly slip away from the society they originated from till its all in Ireland or Bahamas or wherever the current tax shelter/capital flight hotspot du jour resides.