this post was submitted on 01 Aug 2024
486 points (98.6% liked)
Technology
59219 readers
4025 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Government handouts need to come with some extremely strict rules attached. Alas, our government has been purchased by capitalists, so it will continue to be free money but only for the people who need it least.
They shouldn't be handouts, they should be share purchases. You want Uncle Sam to deus ex machina your greedy ass? Sure, but Uncle Sam now owns 40% of the company.
I would go a step further and say that it should not be a stock purchase but partial nationalization. The government is not getting shares that will be sold later. The government is getting a right to appoint part of the board of directors. Every time the company issues a dividend, buys back stock, or engages in other activities to return value back to the shareholders, a proportional amount of money must be paid to the treasury. It only makes sense that if a company is so big that its failure is going to hurt society as a whole, it should be owned by society.
Fuck yeah! Their wealthy buddies would start bailing each other out if the alternative was the government buying the company at rock bottom and competing against everyone to build it back up.