It serms incredible to me to give over a billion dollars to a random person.

  • Uriel238 [all pronouns]@lemmy.blahaj.zone
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    1 year ago

    Not really. Dividends always include value stolen from the workforce and the end customer in low pay and shoddier quality as enforced via a policy of shareholder primacy.

    Anyone who hold stocks in a private company is stealing from the public.

    • valkyrie
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      1 year ago

      Where is an ethical place I can put my retirement money then?

      • A coffee can? A vault? In our agrarian economy, your extended family would take care of you in your geriatric years, but now because of the nuclear family we have to manage our own retirement (and suffer intergenerational mental illness).

        401Ks and such are the proffered substitutes, but in good times they depend on exploitation. In bad times (such as right after the 2008 subprime mortgage crisis) they collapse with the rest of the economy and the banks throw their customers to the elements.

        It’s a situation much like the US dependence on cars, since alternatives are dismantled or delayed, and regulations turn our urban areas into an untraversable sprawl. Cars are bad, but we’ve been systematically stripped of alternatives.