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[–] 1 point 2 years ago (1 child)

How do you determine that value?

Currently the value of a stock is whatever someone is willing to pay for it. Who decides what the value should be, in your scenario? A government department?

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  • [–] 1 point 2 years ago* (1 child)

    If necessary, yes. Otherwise its just fraud. "Whatever someone is willing to pay" doesnr make a thing valuable; it just makes the buyer stupid. If I sell you a rusty old tricycle for $6000 just because you have a psychotic nostalgia for it, the value of old rusty tricycles doesnt become $6000.

    Elon bought Xitter at what, $45/share? It was never worth that much...he tried to manipulate the stock value (i. e. commit fraud) and a government official forced him to commit.

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  • [–] 1 point 2 years ago (1 child)

    That would work maybe...so you'd have a government body to assess companies like houses are currently assessed. Sounds expensive though. We'd need to raise taxes, which is probably a good thing anyway

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