| ▲ | Avicebron 2 hours ago | |||||||
Does that include trying to influence moral, ethical, and legal frameworks to the benefit of the investors as well? Because if it does it is kind of a moot point. | ||||||||
| ▲ | throwpoaster an hour ago | parent [-] | |||||||
Yes, although as the Koch Brothers point out in their book: you have to play by the rules that exist, not the rules you want. If you read, eg, Buffet, he makes the point that a manager donating to a political cause, whether the Heritage Foundation or, God forbid, something as far right as the SPLC, makes that donation with money that otherwise accrues to the shareholders. The manager therefore creates an agency problem, where he might pursue his own interests at the expense of the owners. If they are aligned, the manager can retain the earnings and create a dividend for the owners, such that they can then make the donation directly. If they are not aligned with the owners, they are redistributing wealth. I am not surprised that the Left advocates for backdoor wealth redistribution, but I would prefer they be honest about it. | ||||||||
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