Ok looks like I get to do this again on another thread.
Bernie is proposing the goverment seize half the equity, half the stock shares in these companies.
As in, no compensation, nationalize half the stake in these companies.
No public investment, the government would just do the equivalent of a stock split except half of the split stocks become government property.
Again, no public/government money would be used to purchase these shares, they would be seized.
Everybody calling this a bailout, the worst idea ever, is just showing that they either didn’t read the article or didn’t understsnd the words it used.
Fair point - but at the same time, in the US, as much as I wish it were not the case, outright seizure of corporate assets outside of flagrant criminal abuse is simply a non-starter. And even then, it often ends up being a non-starter. Sure, they may be forced into bankruptcy, but the government generally never does an actual takeover of a company, because tHaT’s cOMmUniSm. And there are a number of companies that deeply deserve to be taken into custody by the state, at either the federal or state level (PG&E immediately comes to mind).
Ok looks like I get to do this again on another thread.
Bernie is proposing the goverment seize half the equity, half the stock shares in these companies.
As in, no compensation, nationalize half the stake in these companies.
No public investment, the government would just do the equivalent of a stock split except half of the split stocks become government property.
Again, no public/government money would be used to purchase these shares, they would be seized.
Everybody calling this a bailout, the worst idea ever, is just showing that they either didn’t read the article or didn’t understsnd the words it used.
lol murdered em with that one
Yeah, most people can read through simple typos and understand them correctly.
Fair point - but at the same time, in the US, as much as I wish it were not the case, outright seizure of corporate assets outside of flagrant criminal abuse is simply a non-starter. And even then, it often ends up being a non-starter. Sure, they may be forced into bankruptcy, but the government generally never does an actual takeover of a company, because tHaT’s cOMmUniSm. And there are a number of companies that deeply deserve to be taken into custody by the state, at either the federal or state level (PG&E immediately comes to mind).
So your stance is ‘this is bad because other people wont go for it’ and ‘but also there are some other companies/organizations this should happen to’.
… ?
I say maybe the government ‘doing a communism’ in the colloquial, horrendously innacurate sense of the word, is infact exactly what we need.
I don’t care that other people get the ick from this.
I get the ick from corporations fiscally and environmentally raping us all to death.
You want a New, New Deal?
This is approximately what that would look like, at least a part of it.