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One can dream of a system where they systematically seize all related compensation above a generous annual amount from members of the board and executives in th
by zeagle 2y ago
One can dream of a system where they systematically seize all related compensation above a generous annual amount from members of the board and executives in these cases if found criminally negligent. E.g. credit them 250k/year and take the rest. A Calhoun or a Sackler wants to live like a robber baron, nobility, or oligarch? Fine, but high rewards means high risk or peasants with pitchforks.
- kjkjadksj 2y agoCalhoun or Sackler would use their influence to see a loophole penned into the law where they can be given a salary of $0 and find a duffelbag full of stock options by the railroad track.
- zeagle 2y agoI don't believe it's possible with today's laws but I imagine that if something similar to RICO existed it could strip through all that.
- HeyLaughingBoy 2y agoMaybe a better approach would be to try to elevate everyone above the level of "peasant" instead.
- zeagle 2y agoIt would be nice if everyone had a high quality of life or even basic food security/water to start, but how exactly does that solve the issue above where psychopaths and MBAs extract profit above all else? There are externalities like say not killing people with your medications/pollution/planes that fall out of the sky because you cut corners that aren't addressed by what you say and unless there is personal responsibility won't be addressed by corporations. I admit my bias is farther left than that: I firmly think intentionally privatizing the profit and socializing the losses should be a serious crime with lasting personal consequences. Regular people have consequences when they fuck up or run a scam.