| ▲ | bubblegumcrisis 2 hours ago | |||||||
Don't let the perfect be the enemy of the good. Yes, divestment. Sure you must pick a point in time. But no matter. This is what we all do on Tax day. This how home owners pay property tax. There does not need to be an exception for stock. This argument you make, as if "but who can say how much it really is worth?" Sure. Just like a house. Somebody builds a freeway right next to you, guess what, your house is not worth as much as it was yesterday. Your argument, "but you can hide your money in a company." Actually, this is good point. Perhaps companies shouldn't be allowed to hoard wealth, then buy up their competitors in order to skew the market. Maybe this is a problem. Maybe we wouldn't the google/apple phone duopoly, maybe we wouldn't have Meta owning Facebook, and Whatsapp and etc, and all this AI, if they weren't able to hoard cash. Maybe there should be some law that says, the maximum a company can pay the top is 100 times what they pay the bottom, including the janitors. There are lots of solutions. If you stop trying to defend some random human having the wealth of a god, it's easy to come up with many, many ideas. Instead of say, "but this, but that", say, "what if we tried that." | ||||||||
| ▲ | sillysaurusx 2 hours ago | parent [-] | |||||||
I appreciate the response. The trouble with economics is that if you get the incentives slightly wrong, people will relentlessly exploit the difference. So when I ask "but this, but that," I’m asking "have you thought of this exploit or that exploit?" Because unfortunately you can’t just ignore that they exist. Each of them needs a concrete answer, or the system will reward those who exploit it. (You can argue that’s true for the current system too, but at least it’s hard to exploit. The loopholes I listed above are all straightforward.) | ||||||||
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