I actually support government/public shareholding. It’s a natural path to UBI that maps effective taxation directly to shareholder value (prohibiting tax loopholes) and reflects public backing of commercial entities proportionately with public stake.
Honestly it’s absurd that major stimulus initiatives proceed without requiring public equity in return for the funds. And that’s doubly true for corporations that would crater otherwise, since such a bailout would then result in a controlling stake. Public centralization via such an acquisition would be logical for any entity that’s “too big to fail.”
I’m sure this administration’s motivations are corrupt and we should be wary, but the precedent itself is progressive IMHO.
We hate socialism so much we bought part of Intel.
I actually support government/public shareholding. It’s a natural path to UBI that maps effective taxation directly to shareholder value (prohibiting tax loopholes) and reflects public backing of commercial entities proportionately with public stake.
Honestly it’s absurd that major stimulus initiatives proceed without requiring public equity in return for the funds. And that’s doubly true for corporations that would crater otherwise, since such a bailout would then result in a controlling stake. Public centralization via such an acquisition would be logical for any entity that’s “too big to fail.”
I’m sure this administration’s motivations are corrupt and we should be wary, but the precedent itself is progressive IMHO.
That’s facism