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Imagine if Amazon and all jobs out there were cooperatively owned? (lemmy.world)
submitted 1 year ago* by to c/aboringdystopia@lemmy.world
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Now I need to do the math on space karen/ henery ford 2.0 aka Mr my autism makes me prone to outbursts of fascist apologia.

I did the math recently and if you took the assets of the wealthiest 1% and divided only half of it amongst the remaining 336.3 million Americans it would be a check of approximately 68,000 for every man woman and child and those bloated blood sucking leaches would still have an average remainder of just under 6 million dollars each.

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[–] 3 points 1 year ago (16 children)

I like the energy, but you're not going to sell 92 Billion dollars worth of stocks for 92 Billion dollars.

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  • [–] 14 points 1 year ago (6 children)

    He could just hand over the stocks.

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  • [–] 4 points 1 year ago (5 children)

    though they would drop in value very fast thereafter, no? My naive understanding is that a good share of people would sell them immediately, causing a price crash.

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  • [–] 7 points 1 year ago (4 children)

    Around 25% would have to sell over 50% of their stocks for it to maybe start having an effect.

    It could also raise the value of the stock to free up so much stock from a single person to many, as selling it would mean stronger belief in the stock going up.

    Stock market is part math, part religion really.

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  • [–] 1 point 1 year ago (1 child)

    That level of sales sounds really realistic to me, most employees are not doing well and experiments in employee ownership generally see people selling that ownership fast without training (at least I'm told). I don't follow your bit about sales -> stock go up, my best guess is you're saying that this will crash the price artificially causing people to think now is a good time to buy?

    But if you buy too much you'll be in a position like bezos, likely to get redistributed? I think we'd need a lot of different people with the liquidity?

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  • [–] 2 points 1 year ago

    Yeah, it could end up in the hands of a couple rich again.

    But it could also send up like the GameStop situation.

    It could also increase demand by wealthy investors to buy they stock which would also raise the price.

    Whenever you think the stock market follows logic, just remember how much Tesla is worth despite not selling nearly enough for that valuation.

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  • [–] 5 points 1 year ago (7 children)

    Then the stocks shouldn't be worth that much and the man shouldn't be able to spend like he has $92 billion

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  • [–] 2 points 1 year ago (6 children)

    Stocks aren't the exception, if a massive amount of USD holdings were sold off it would also plummet in value.

    Its basic Supply and Demand.

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  • [–] [S] 1 point 1 year ago (5 children)

    Usd has plummeted in value though and those in control of the economic system have manipulated it to hide this reality. For instance Inflation statistics are calculated by the world bank and IMF using Consumer price index which is extremely flawed mostly because CPI does not account for the 2 primary driving forces of inflation… the increase in circulating currency supply and leveraged national debt. So they are feeding us highly skewed inflation numbers to prevent the workers from rioting/ fomenting a revolution so their passive income faucet keeps flowing.

    Saying that “It Doesn’t Work that way” is just highlighting the reality that the entire system is rigged and set up to benefit those in control over those doing the actual labor and creating the profit

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  • [–] 0 points 1 year ago (4 children)

    This might seem like an odd question, but whats your opinion of NATO?

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  • [–] 0 points 1 year ago (3 children)

    If the only way you can argue against their point is if they have a specific opinion about NATO then you've already conceded the point to anyone who doesn't have that opinion on NATO.

    If not, then it's weird to ask a non sequiter about NATO without any other argument.

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  • [–] 0 points 1 year ago (2 children)

    Thats why I said it might seem like an odd question, chill lol

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  • [–] 3 points 1 year ago* (last edited 1 year ago)

    That’s a specious argument. It might be technically true, but not by nearly a big enough margin for it to make any difference to the underlying point. It’s not like you’d have to unload them all in one month.

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