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@thumbsup.eth
If stocks didn’t exist, Elon, Bezos, and Thiel wouldn’t be megabillionaires. They’d have to pay themselves and their investors with real income not with this funny money that they can’t actually sell without it rapidly depreciating. All of the insane things rich people do with borrowing money to acquire things essentially for free is because stocks exist, and thus merely eliminating one thing (shares of companies) would radically reshape the world we live in, what wealth means, and the nature of power. Discuss.
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@baseddesigner.eth
Totally agree, that's what US debt is about, they just keep getting richer but in reality they're going deeper into negative numbers lmao spending what they haven't earned and getting deals on what's not in their pockets to pull out
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@thumbsup.eth
Yeah that’s what inspired this honestly. Like I want there to be some way for shareholders to benefit from investment of time (AND LABOUR) into a company, which is why I’m a fan of cooperatives. I also like P2P/protocol lending to counter the way banks arbitrarily exclude people, and crowdfunding/presale of products is cool too as far as seed funding new ventures, but stocks, I dunno they feel like a trick we’ve all been told to buy into so investors can dump on us and the company doesn’t have to pay back what the funding the receive
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𝖘𝖈𝖚𝖒
@degencummunist.eth
If we did the Venture Communist thing those stocks wouldn’t be perpetual infinite income but rather a fixed rate of profit deliver in a set amount of time is reasonable to me for lending money but it also shouldn’t be extraordinary amounts of return either. I.e. like all business loans work except instead of a fixed rate, it’d be a fixed percentage of shared income through dividends that pays off the loan so if biz goes great rapidly, then you pay it off fast and without much interest, if it’s slow but sure growth then it gets paid off eventually, with extra interest made in the end.
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@thumbsup.eth
Yep and I love that model. Also love to see people bringing up alternative models here. This post is just here to instigate some discussion because I spent the holidays talking to family and they all wanna talk stocks because of the frothy post-election market. All I can think is “you all just rant and rant about Elon and Bezos and wealth inequality but then you perpetuate it through a system that makes no sense”
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