this post was submitted on 01 Jul 2025

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What if we got rid of stocks? (lemmy.world)

submitted 4 days ago by bonus_crab@lemmy.world to c/asklemmy@lemmy.world

115 comments fedilink hide all child comments

Ive often seen individuals on the left talking about how billionares shouldnt exist etc., but when probed on how that could be accomplished the answer is usually just taxes or guillotines. I dont think either is great.

What if instead, corporations were made to be unable to be sold or owned. Initially theyre made to default to popular election for their board, and after that they can set up a charter or adopt a standard one, ratified by majority vote of their employees.

Bank collapse would probably follow, how could that be remedied? Maybe match the banks invalidated stocks with bonds?

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[–] captain_aggravated@sh.itjust.works -2 points 3 days ago* (last edited 3 days ago) (5 children)

I've got a better idea: Make stockholders criminally liable and eligible for prison/execution for the crimes committed by the companies they invest in.

Oh, PharmaCorp knowingly put a medication in to production that causes baby's brains to catch fire? Every single investor in PharmaCorp is gonna serve three consecutive life sentences in Rapesburg-Asspain penitentiary.

Wipe out a few generations of the upper class by getting a couple mass first degree murder convictions to stick and the problem will sort itself out.

[–] 18107@aussie.zone 0 points 3 days ago (1 children)

I think a more effective idea would be to remove all profits (and maybe executive income and bonuses) from the company for a fixed period of time instead of a fixed fine that's less than the profit from doing the illegal activity.

Investors won't be happy if they're getting nothing, so they'll be more careful with their investments, and no-one will have to pay to house thousands of unwitting investors in prisons.

[–] captain_aggravated@sh.itjust.works -1 points 3 days ago

No I think it's going to have to involve large numbers of perforated colons. Consequences should be physical.

Who said we're paying to house prisoners? The US constitution permits enslaving convicted felons. They're all going to the mines. They will WORK or be mutilated.

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[–] the_grass_trainer@lemmy.world -1 points 3 days ago

Idk, man. I paid my rent last year with some stocks i cashed out.

I'd recommend just researching companies to invest in for like 10 years, and then research information on ETFs to help your money grow with the market. I'm basically poor and the stocks i invested in helped when i needed it, and i am definitely going to invest again.

But I wouldn't say get rid of the stock market. Just do some research, and only invest what you're willing to not keep in a savings account for a rainy day.

[–] FreedomAdvocate@lemmy.net.au -3 points 4 days ago (5 children)

unable to be sold or owned

So what incentive is there to start a company? Who funds it? People are expected to start a company, take all the financial risk, for what exactly?

People being billionaires is not the issue people like to think it is. Public servants becoming millionaires by trading and taking bribes/kickbacks and cushy jobs upon leaving politics is the problem.

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