• Chriskmee@lemm.ee
      link
      fedilink
      English
      arrow-up
      0
      ·
      1 year ago

      Most of their billions is ownership in companies they grew into what they are today. It’s not like they have billions to spend, it’s that their ownership is worth billions according to the market.

      • MattsAlt [comrade/them]@hexbear.net
        link
        fedilink
        English
        arrow-up
        1
        ·
        1 year ago

        They could go to any bank and leverage that asset for a loan for more than everyone who posts on this platform will make in their lifetimes no problem. That is a nonsense talking point

        • Chriskmee@lemm.ee
          link
          fedilink
          English
          arrow-up
          0
          ·
          1 year ago

          What’s your point? So because they can leverage their ownership of their own company we need to take away that ownership?

            • Chriskmee@lemm.ee
              link
              fedilink
              English
              arrow-up
              0
              ·
              1 year ago

              I don’t think the stock market should be determining if we take away companies from their owners, no matter how much it’s worth. Why does having more wealth than a certain size city matter? Especially if your company has more employees and customers than even a large city?

              • very_poggers_gay [they/them]@hexbear.net
                link
                fedilink
                English
                arrow-up
                1
                ·
                1 year ago

                Especially if your company has more employees and customers than even a large city?

                Why do those employees get the bare minimum? Why are the working majority excluded from ownership and decision-making in the companies they run?

                • Chriskmee@lemm.ee
                  link
                  fedilink
                  English
                  arrow-up
                  0
                  ·
                  1 year ago

                  Employees are allowed to buy company stock and vote using it just like anyone else. Many companies even have employee stock purchase programs. What’s the problem ?

                  • silent_water [she/her]@hexbear.net
                    link
                    fedilink
                    English
                    arrow-up
                    1
                    ·
                    1 year ago
                    1. those shares don’t give you voting rights

                    2. those shares amount to a tiny fraction of the total value of the company

                    3. without the employees there would be no company

                    you try to square those three facts