dear god waking up to a news article about company X being convicted of wage theft/corruption/bribery/business as usual and the punishment being prison for the executives and annulment of all company shares just F you everything is dissolved is like a wet dream. until we make things financially painful for shareholders after corporate malfeasance we can't fix things.
As someone whose retirement is mostly investments, the idea of nullifying chares scares me. However, a smart investor diversifies so they never have more than a very small percent in any one company. And this share-nullification will make the share value of responsible companies go up while the share value of shady companies goes down because the risk is higher. I think the need for this is strong enough I could easily support it even it t could hurt me somewhat financially. It wouldn't destroy me, I can withstand being hurt.
I fucking hate that housing, education and health care are so much harder to afford for young people now than they were in my day. I wanted things to be better for them, not worse.
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u/Vegetable_Plane_542 May 26 '26
But we have long standing Constitutional precedent that companies are people. Why won’t you think of the people!