Warren and the Divine Right of Capital: Accountable Capitalism Act

[georgephillip]

Can't believe I waded through 14 pages on this thread. George, are you feeling underpaid for the value you provide to your employer and this is the way you hope to extract more money from the company you work for?

After you and Warren successfully ruin the USA, are you going after China or Russia with this scheme, because you can be damn sure neither of those countries operates like Europe (which you seem extremely fond of).

How expensive are one-way tickets to Spain? Brush up on your Spanish.

Is capitalism working well for you, OMG?
If so, I suspect you are among the investor class.

Well yeah. That's how you stop being poor.

If you never join the investor class, then you will be poor until you die.

That's not a problem of the investor class... that's a problem of you being stupid.

All smart people are investors. ALL.... ALL smart people are investors.

Not investing, by definition, makes you an idiot..... unless you are a monk somewhere with a vow of poverty, or something.

Instead of crying, and whining about investors.... stop being an idiot, and become an investor yourself.

A janitor secretly amassed an $8 million fortune and left most of it to his library and hospital

And stop spamming the thread. If you don't cut it out, I'll have you reported, and your posts removed.

This is a forum for discussion... not you doing cut and paste every post.

Well yeah. That's how you stop being poor.

If you never join the investor class, then you will be poor until you die.

That's not a problem of the investor class... that's a problem of you being stupid.

All smart people are investors. ALL.... ALL smart people are investors.

Yet only the richest ten percent of Americans "earn" enough money to join the US investor class. Are you arguing the US economy should work only for the richest ten percent of Americans while consigning the remaining 90% of workers to endure one round of austerity measures after another?

Yet only the richest ten percent of Americans "earn" enough money to join the US investor class.

Baloney.

McDonald's 401(k) Plan Is Supersized Compared To Many

https://www.benefits.ml.com/CDN/ATG...ository/BOL0024826/609450_EnrollmentGuide.pdf

Yet only the richest ten percent of Americans "earn" enough money to join the US investor class.

Baloney.

McDonald's 401(k) Plan Is Supersized Compared To Many

So get a job at McDonald's.
Learn Spanish first.

Who Owns All the Stocks & Bonds? - A Wealth of Common Sense

 

[Andylusion]

Can't believe I waded through 14 pages on this thread. George, are you feeling underpaid for the value you provide to your employer and this is the way you hope to extract more money from the company you work for?

After you and Warren successfully ruin the USA, are you going after China or Russia with this scheme, because you can be damn sure neither of those countries operates like Europe (which you seem extremely fond of).

How expensive are one-way tickets to Spain? Brush up on your Spanish.

Is capitalism working well for you, OMG?
If so, I suspect you are among the investor class.

Well yeah. That's how you stop being poor.

If you never join the investor class, then you will be poor until you die.

That's not a problem of the investor class... that's a problem of you being stupid.

All smart people are investors. ALL.... ALL smart people are investors.

Not investing, by definition, makes you an idiot..... unless you are a monk somewhere with a vow of poverty, or something.

Instead of crying, and whining about investors.... stop being an idiot, and become an investor yourself.

A janitor secretly amassed an $8 million fortune and left most of it to his library and hospital

And stop spamming the thread. If you don't cut it out, I'll have you reported, and your posts removed.

This is a forum for discussion... not you doing cut and paste every post.

Well yeah. That's how you stop being poor.

If you never join the investor class, then you will be poor until you die.

That's not a problem of the investor class... that's a problem of you being stupid.

All smart people are investors. ALL.... ALL smart people are investors.

Yet only the richest ten percent of Americans "earn" enough money to join the US investor class. Are you arguing the US economy should work only for the richest ten percent of Americans while consigning the remaining 90% of workers to endure one round of austerity measures after another?

Yet only the richest ten percent of Americans "earn" enough money to join the US investor class.

Baloney.

McDonald's 401(k) Plan Is Supersized Compared To Many

https://www.benefits.ml.com/CDN/ATG...ository/BOL0024826/609450_EnrollmentGuide.pdf

Yet only the richest ten percent of Americans "earn" enough money to join the US investor class.

Baloney.

McDonald's 401(k) Plan Is Supersized Compared To Many

So get a job at McDonald's.
Learn Spanish first.

Who Owns All the Stocks & Bonds? - A Wealth of Common Sense

Again... that's a choice. Stop complaining about it, and buy some stock.

If you don't buy stock, that's on you for being stupid. It's not a wise persons fault, that you choose to be foolish, and not invest.

 

[Toddsterpatriot]

Can't believe I waded through 14 pages on this thread. George, are you feeling underpaid for the value you provide to your employer and this is the way you hope to extract more money from the company you work for?

After you and Warren successfully ruin the USA, are you going after China or Russia with this scheme, because you can be damn sure neither of those countries operates like Europe (which you seem extremely fond of).

How expensive are one-way tickets to Spain? Brush up on your Spanish.

Is capitalism working well for you, OMG?
If so, I suspect you are among the investor class.

Well yeah. That's how you stop being poor.

If you never join the investor class, then you will be poor until you die.

That's not a problem of the investor class... that's a problem of you being stupid.

All smart people are investors. ALL.... ALL smart people are investors.

Not investing, by definition, makes you an idiot..... unless you are a monk somewhere with a vow of poverty, or something.

Instead of crying, and whining about investors.... stop being an idiot, and become an investor yourself.

A janitor secretly amassed an $8 million fortune and left most of it to his library and hospital

And stop spamming the thread. If you don't cut it out, I'll have you reported, and your posts removed.

This is a forum for discussion... not you doing cut and paste every post.

Well yeah. That's how you stop being poor.

If you never join the investor class, then you will be poor until you die.

That's not a problem of the investor class... that's a problem of you being stupid.

All smart people are investors. ALL.... ALL smart people are investors.

Yet only the richest ten percent of Americans "earn" enough money to join the US investor class. Are you arguing the US economy should work only for the richest ten percent of Americans while consigning the remaining 90% of workers to endure one round of austerity measures after another?

Yet only the richest ten percent of Americans "earn" enough money to join the US investor class.

Baloney.

McDonald's 401(k) Plan Is Supersized Compared To Many

https://www.benefits.ml.com/CDN/ATG...ository/BOL0024826/609450_EnrollmentGuide.pdf

Yet only the richest ten percent of Americans "earn" enough money to join the US investor class.

Baloney.

McDonald's 401(k) Plan Is Supersized Compared To Many

So get a job at McDonald's.
Learn Spanish first.

Who Owns All the Stocks & Bonds? - A Wealth of Common Sense

You're the moron who whined only the rich can invest.
Don't you feel like an idiot now?

 

[georgephillip]

Liz is one of the greatest fools we have.

Liz is one of the greatest fools we have.

Trump borrowing from China to pay Chinese company hit by his trade war with China up to $560 million

And he beat one of the smartest women in America.

What happens to the Biggest Fools when capitalism's inherent bubbles inevitably POP?

Our economy will still be miles ahead of your favorite commie economies.

What happens to the Biggest Fools when capitalism's inherent bubbles inevitably POP?

Our economy will still be miles ahead of your favorite commie economies.

Can you say that in Mandarin?

"The Chinese economy advanced 6.0 percent year-on-year in the September quarter of 2019, slowing from a 6.2 percent expansion in the previous quarter and compared with market expectations of 6.1 percent.

"It was the weakest growth rate since the first quarter of 1992, amid persistent trade tensions with the US, weakening global demand and alarming off-balance-sheet borrowings by local governments. GDP Annual Growth Rate in China averaged 9.39 percent from 1989 until 2019, reaching an all time high of 15.40 percent in the first quarter of 1993 and a record low of 3.80 percent in the fourth quarter of 1990."

China GDP Annual Growth Rate | 2019 | Data | Chart | Calendar | Forecast

Can you say that in Mandarin?

Commie economies suck, in Mandarin.

The Chinese economy advanced 6.0 percent year-on-year in the September quarter of 2019​

If you believe those numbers, you're even dumber than I first suspected.

I expect their economy did advance at least some...by selling human organs harvested from prisoners.

Hey, George -- Commies are huge pieces of shit.

I expect their economy did advance at least some...by selling human organs harvested from prisoners.

Hey, George -- Commies are huge pieces of shit.

So are most capitalists

Conference: Slavery and Capitalism

 

[Andylusion]

Trump borrowing from China to pay Chinese company hit by his trade war with China up to $560 million

And he beat one of the smartest women in America.

What happens to the Biggest Fools when capitalism's inherent bubbles inevitably POP?

Our economy will still be miles ahead of your favorite commie economies.

What happens to the Biggest Fools when capitalism's inherent bubbles inevitably POP?

Our economy will still be miles ahead of your favorite commie economies.

Can you say that in Mandarin?

"The Chinese economy advanced 6.0 percent year-on-year in the September quarter of 2019, slowing from a 6.2 percent expansion in the previous quarter and compared with market expectations of 6.1 percent.

"It was the weakest growth rate since the first quarter of 1992, amid persistent trade tensions with the US, weakening global demand and alarming off-balance-sheet borrowings by local governments. GDP Annual Growth Rate in China averaged 9.39 percent from 1989 until 2019, reaching an all time high of 15.40 percent in the first quarter of 1993 and a record low of 3.80 percent in the fourth quarter of 1990."

China GDP Annual Growth Rate | 2019 | Data | Chart | Calendar | Forecast

Can you say that in Mandarin?

Commie economies suck, in Mandarin.

The Chinese economy advanced 6.0 percent year-on-year in the September quarter of 2019​

If you believe those numbers, you're even dumber than I first suspected.

I expect their economy did advance at least some...by selling human organs harvested from prisoners.

Hey, George -- Commies are huge pieces of shit.

I expect their economy did advance at least some...by selling human organs harvested from prisoners.

Hey, George -- Commies are huge pieces of shit.

So are most capitalists

Conference: Slavery and Capitalism

Ridiculous. No one in Capitalism is a slave. By definition, I own my own labor. If I walk off this job, nothing can stop me. And I have walked off jobs before, and no one stopped me.

Now tell me that Communists were better? Really? Because I seem to remember seeing video of people being shot for crossing from East Germany to West Germany not too long ago.

Funny how terrible and evil Capitalists are, and yet people are always running from Socialists, in order to get to the Capitalists. Even to this very day, I don't see people trying to escape from the evil capitalist dominated USA, to get to the wonderful Utopia of Cuba or Venezuela.

 

[AzogtheDefiler]

Georgie only thought the rich could invest. LMAO! Idiot

 

[georgephillip]

Georgie only thought the rich could invest. LMAO! Idiot

 

[AzogtheDefiler]

Georgie only thought the rich could invest. LMAO! Idiot

Georgie any idiot can post pics. How about an original thought or two?

 

[georgephillip]

Even if the car and food company are not paying dividends?

Tan Liu: Why Many Of Today's Most-Owned Stocks Are Ponzi Schemes | Seeking Alpha

"So when one person buys low and sells high, another is also buying high and needs to sell for even higher. And a system where current investors' profits are dependent on cash from new investors is by definition how a Ponzi scheme works.

"What's wrong with that is a lot of stocks don't pay dividends and why are you an owner of a company if the company never pays the so-called owners?

"that's exactly how it works because when a stock doesn't pay dividends, there is no monetary connection between the revenues and profits of the company and the actual shares."

Of course there is. You directly own a share in a company. That ownership has value. Are you suggesting that I can own something, that produces value, but that ownership of that thing has no value?

Ridiculous. And I can prove it, by simply owning that stock, and seeing it's value increase in proportion to the profits of the company. Which it does. I own shares of Berkshire Hathaway.

There is always a monetary connection between revenues and profits of the company, and the actual shares.

Again... as long as there is an underlying asset, it simply can't be a ponzi scheme. The defining aspect of a ponzi scheme, is the fact there are no assets.

Of course there is. You directly own a share in a company. That ownership has value. Are you suggesting that I can own something, that produces value, but that ownership of that thing has no value?

Market value or par value?
Google currently trades for over $1200, but the corporation states in writing it doesn't pay dividends, there are no voting rights, and the par value of GOOG is only $0.001 per share. "The value of a stock is just an idea. It is something completely cerebral and imaginary. Real money on the other hand, is finite, traceable, and ...what investors ultimately care about."

How true is the statement that the stock market is essentially a Ponzi scheme? - Quora

Market value, is the only value.

See the problem shows up in your own post.

"Real money on the other hand, is finite, traceable, and ...what investors ultimately care about"

But real money has no value itself, except what you can trade it for.... such as stock.

Money itself only has a market value. We know this because money itself can go up and down in value. Point being, there is nothing in this world that has 'inherent' value. All value is a market value. It's all worth, only what other people are willing to exchange it for.

Money itself, has no more value to it, than what someone is willing to exchange for it..... just like stock has no value except for what people are willing to trade it for.

ALL THAT SAID...

When you said that Google has no voting rights... I found that rather unlikely.

Google Stock: A Tale of Two Share Classes (GOOG, GOOGL)

So a little background: There are different classes of shares. Class B, are the insider shares. These have 10 votes each, and are not sold publicly.

Class C shares, are the lowest class, and have no voting rights.

Class A shares, have voting rights. If you want voting rights, you can buy shares with them.

As for dividend payments...

You never know if the policy might change. Apple never paid a dividend from 1976 to 2011. Now they pay dividends.

More importantly, not paying dividends didn't stop people from owning stock in Apple, and making really good returns on it, from 1976 to 2011.

So I don't see a problem.

What is interesting just in thinking about it... it's fascinating how many hundreds of times left-wing people on here have complained about corporations giving money to the shareholders. Now you are pointing to companies that don't pay out to shareholders, and complaining about those companies.

Is there anything any company can do, that you won't find fault with? Just curious.

So a little background: There are different classes of shares. Class B, are the insider shares. These have 10 votes each, and are not sold publicly.

Class C shares, are the lowest class, and have no voting rights.

Class A shares, have voting rights. If you want voting rights, you can buy shares with them.

So...would we agree that many of today's perpetually dividend-less companies traded on public markets are operating as Ponzi schemes by definition?

Ponzi scheme - A Simple Explanation of the Concept

So...would we agree that many of today's perpetually dividend-less companies traded on public markets are operating as Ponzi schemes by definition?

Not even close, by definition.

ot even close, by definition.

Close enough to convince all rational people.
Not so sure about mindless Trump toadies.

How true is the statement that the stock market is essentially a Ponzi scheme? - Quora

"The fact is:

1. What makes a stock price move is not the earnings or growth of the underlying company, but the the exchange of money between investors. Profits from buying and selling stocks come from other investors who are buying and selling stocks. When one investor buys low and sells high, another investor is also buying high and needs to sell for even higher."

 

[georgephillip]

Ask Liz

Elizabeth Warren puts a giant tech breakup billboard in San Francisco’s face

What happens to the Biggest Fools when capitalism's inherent bubbles inevitably POP?

Liz is one of the greatest fools we have.

Liz is one of the greatest fools we have.

Trump borrowing from China to pay Chinese company hit by his trade war with China up to $560 million

And he beat one of the smartest women in America.

What happens to the Biggest Fools when capitalism's inherent bubbles inevitably POP?

Our economy will still be miles ahead of your favorite commie economies.

What happens to the Biggest Fools when capitalism's inherent bubbles inevitably POP?

Our economy will still be miles ahead of your favorite commie economies.

Can you say that in Mandarin?

"The Chinese economy advanced 6.0 percent year-on-year in the September quarter of 2019, slowing from a 6.2 percent expansion in the previous quarter and compared with market expectations of 6.1 percent.

"It was the weakest growth rate since the first quarter of 1992, amid persistent trade tensions with the US, weakening global demand and alarming off-balance-sheet borrowings by local governments. GDP Annual Growth Rate in China averaged 9.39 percent from 1989 until 2019, reaching an all time high of 15.40 percent in the first quarter of 1993 and a record low of 3.80 percent in the fourth quarter of 1990."

China GDP Annual Growth Rate | 2019 | Data | Chart | Calendar | Forecast

Can you say that in Mandarin?

Commie economies suck, in Mandarin.

The Chinese economy advanced 6.0 percent year-on-year in the September quarter of 2019​

If you believe those numbers, you're even dumber than I first suspected.

If you believe those numbers, you're even dumber than I first suspected.

You believe this useless POS?

Source: Trump 'seething' about Cohen, says 'he's a liar' - CNN Video

 

[2aguy]

How do you square this circle: The structure and legal basis of the modern MAGA corporation bears a great deal of resemblance to feudal estates, and this reality is at odds in an era that claims to value democracy over the Divine Right of Kings?

Warren has a plan:

Accountable Capitalism Act - Wikipedia

"The Accountable Capitalism Act, 115th Congress (2017-2018) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

"The Act contains a 'constituency statute' that would give directors a duty of 'creating a general public benefit' with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.[1]"

The US is among a minority of OECD countries that gives no representation to the workforce (majority) in corporate governance.

For years Warren has claimed "corporations are not people."

Now her Accountable Capitalism Act demands that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood.

Socialism, not capitalism, resembles the feudal state...

 

[2aguy]

How do you square this circle: The structure and legal basis of the modern MAGA corporation bears a great deal of resemblance to feudal estates, and this reality is at odds in an era that claims to value democracy over the Divine Right of Kings?

Warren has a plan:

Accountable Capitalism Act - Wikipedia

"The Accountable Capitalism Act, 115th Congress (2017-2018) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

"The Act contains a 'constituency statute' that would give directors a duty of 'creating a general public benefit' with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.[1]"

The US is among a minority of OECD countries that gives no representation to the workforce (majority) in corporate governance.

For years Warren has claimed "corporations are not people."

Now her Accountable Capitalism Act demands that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood.

You make the claim that Capitalism resembles the Feudal State? And post this?

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

Do you understand that in the days of Feudalism....that is when organizations needed a "Royal" charter to exist...right?

 

[georgephillip]

nothing in america is free. if you are getting something without paying for it, see a taxpayer and thank him! everyday!

Would that taxpayer be among the richest ten percent of Americans?

Free Lunch - David Cay Johnston - Book Review

"'Free Lunch' consists of 26 chapters, each a case study of a corporation enriching itself through lax or solicitous government: beggar-thy-neighbor state and local tax breaks to lure businesses, government subsidies for sports stadium construction, electricity deregulation and so on."

Imho, rich people have been getting things without paying for them for as long as the USA has existed.

Over much of that time corporations have expanded their power largely through the courts.

Warren is calling for a democratic (congressional) reassessment of the political leverage corporations, and the investor class they fund, have acquired over the majority of Americans across the past two hundred years.

Poor people have been getting things without paying for them for a long time, too.

Thing is, the policies Warren insists we need, and you blindly parrot, will only put people out of work and dependent on government.

Despite what you've been led to believe, that is not a good thing.

Poor people have been getting things without paying for them for a long time, too.

Thing is, the policies Warren insists we need, and you blindly parrot, will only put people out of work and dependent on government.

Despite what you've been led to believe, that is not a good thing.

How did FDR respond when the owners of capital could not or would not provide jobs during the Great Depression?

Green New Deal - Wikipedia

Less reliable, more expensive energy…...just what we need to grow our economy...…..DURR

Less reliable, more expensive energy…...just what we need to grow our economy...…..DURR

Greedy bitch.

 

[georgephillip]

nothing in america is free. if you are getting something without paying for it, see a taxpayer and thank him! everyday!

Would that taxpayer be among the richest ten percent of Americans?

Free Lunch - David Cay Johnston - Book Review

"'Free Lunch' consists of 26 chapters, each a case study of a corporation enriching itself through lax or solicitous government: beggar-thy-neighbor state and local tax breaks to lure businesses, government subsidies for sports stadium construction, electricity deregulation and so on."

Imho, rich people have been getting things without paying for them for as long as the USA has existed.

Over much of that time corporations have expanded their power largely through the courts.

Warren is calling for a democratic (congressional) reassessment of the political leverage corporations, and the investor class they fund, have acquired over the majority of Americans across the past two hundred years.

Poor people have been getting things without paying for them for a long time, too.

Thing is, the policies Warren insists we need, and you blindly parrot, will only put people out of work and dependent on government.

Despite what you've been led to believe, that is not a good thing.

Poor people have been getting things without paying for them for a long time, too.

Thing is, the policies Warren insists we need, and you blindly parrot, will only put people out of work and dependent on government.

Despite what you've been led to believe, that is not a good thing.

How did FDR respond when the owners of capital could not or would not provide jobs during the Great Depression?

Green New Deal - Wikipedia

Bad example. FDR's policies dragged out the great depression. In fact, FDRs policies caused a recession inside the great depression.

Similarly, the Green New Deal would only screw us over.

Bad example. FDR's policies dragged out the great depression. In fact, FDRs policies caused a recession inside the great depression.

FDR's New Deal put millions of Americans back to work when capitalists CRASHED the global economy in 1929. A Green New Deal would have a similar effect; however, rich parasites among the US investor class would not be among those who benefit.

 

[georgephillip]

How do you square this circle: The structure and legal basis of the modern MAGA corporation bears a great deal of resemblance to feudal estates, and this reality is at odds in an era that claims to value democracy over the Divine Right of Kings?

Warren has a plan:

Accountable Capitalism Act - Wikipedia

"The Accountable Capitalism Act, 115th Congress (2017-2018) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

"The Act contains a 'constituency statute' that would give directors a duty of 'creating a general public benefit' with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.[1]"

The US is among a minority of OECD countries that gives no representation to the workforce (majority) in corporate governance.

For years Warren has claimed "corporations are not people."

Now her Accountable Capitalism Act demands that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood.

You make the claim that Capitalism resembles the Feudal State? And post this?

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

Do you understand that in the days of Feudalism....that is when organizations needed a "Royal" charter to exist...right?

Do you understand that in the days of Feudalism....that is when organizations needed a "Royal" charter to exist...right?

I understand this Royal Turd will not be in the White House much longer

Do you?
After which time, US corporations will be subject to "We the People" which is about as far from a royal charter as any sane person can imagine.

 

[Toddsterpatriot]

Of course there is. You directly own a share in a company. That ownership has value. Are you suggesting that I can own something, that produces value, but that ownership of that thing has no value?

Ridiculous. And I can prove it, by simply owning that stock, and seeing it's value increase in proportion to the profits of the company. Which it does. I own shares of Berkshire Hathaway.

There is always a monetary connection between revenues and profits of the company, and the actual shares.

Again... as long as there is an underlying asset, it simply can't be a ponzi scheme. The defining aspect of a ponzi scheme, is the fact there are no assets.

Of course there is. You directly own a share in a company. That ownership has value. Are you suggesting that I can own something, that produces value, but that ownership of that thing has no value?

Market value or par value?
Google currently trades for over $1200, but the corporation states in writing it doesn't pay dividends, there are no voting rights, and the par value of GOOG is only $0.001 per share. "The value of a stock is just an idea. It is something completely cerebral and imaginary. Real money on the other hand, is finite, traceable, and ...what investors ultimately care about."

How true is the statement that the stock market is essentially a Ponzi scheme? - Quora

Market value, is the only value.

See the problem shows up in your own post.

"Real money on the other hand, is finite, traceable, and ...what investors ultimately care about"

But real money has no value itself, except what you can trade it for.... such as stock.

Money itself only has a market value. We know this because money itself can go up and down in value. Point being, there is nothing in this world that has 'inherent' value. All value is a market value. It's all worth, only what other people are willing to exchange it for.

Money itself, has no more value to it, than what someone is willing to exchange for it..... just like stock has no value except for what people are willing to trade it for.

ALL THAT SAID...

When you said that Google has no voting rights... I found that rather unlikely.

Google Stock: A Tale of Two Share Classes (GOOG, GOOGL)

So a little background: There are different classes of shares. Class B, are the insider shares. These have 10 votes each, and are not sold publicly.

Class C shares, are the lowest class, and have no voting rights.

Class A shares, have voting rights. If you want voting rights, you can buy shares with them.

As for dividend payments...

You never know if the policy might change. Apple never paid a dividend from 1976 to 2011. Now they pay dividends.

More importantly, not paying dividends didn't stop people from owning stock in Apple, and making really good returns on it, from 1976 to 2011.

So I don't see a problem.

What is interesting just in thinking about it... it's fascinating how many hundreds of times left-wing people on here have complained about corporations giving money to the shareholders. Now you are pointing to companies that don't pay out to shareholders, and complaining about those companies.

Is there anything any company can do, that you won't find fault with? Just curious.

So a little background: There are different classes of shares. Class B, are the insider shares. These have 10 votes each, and are not sold publicly.

Class C shares, are the lowest class, and have no voting rights.

Class A shares, have voting rights. If you want voting rights, you can buy shares with them.

So...would we agree that many of today's perpetually dividend-less companies traded on public markets are operating as Ponzi schemes by definition?

Ponzi scheme - A Simple Explanation of the Concept

So...would we agree that many of today's perpetually dividend-less companies traded on public markets are operating as Ponzi schemes by definition?

Not even close, by definition.

ot even close, by definition.

Close enough to convince all rational people.
Not so sure about mindless Trump toadies.

How true is the statement that the stock market is essentially a Ponzi scheme? - Quora

"The fact is:

1. What makes a stock price move is not the earnings or growth of the underlying company, but the the exchange of money between investors. Profits from buying and selling stocks come from other investors who are buying and selling stocks. When one investor buys low and sells high, another investor is also buying high and needs to sell for even higher."

What makes a stock price move is not the earnings or growth of the underlying company, but the the exchange of money between investors.

Money isn't moving back and forth thru the hands of an "organizer".
There is no guarantee, no promise of high returns. 100% of my purchase goes to the seller.
No need for increasing numbers of "investors" to continue to scheme. One buyer-one seller works.
No skimming. No Ponzi scheme.

Don't worry, you never ever have to invest. I'm sure Mom's coach will be there for you, always.

 

[Cellblock2429]

How do you square this circle: The structure and legal basis of the modern MAGA corporation bears a great deal of resemblance to feudal estates, and this reality is at odds in an era that claims to value democracy over the Divine Right of Kings?

Warren has a plan:

Accountable Capitalism Act - Wikipedia

"The Accountable Capitalism Act, 115th Congress (2017-2018) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

"The Act contains a 'constituency statute' that would give directors a duty of 'creating a general public benefit' with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.[1]"

The US is among a minority of OECD countries that gives no representation to the workforce (majority) in corporate governance.

For years Warren has claimed "corporations are not people."

Now her Accountable Capitalism Act demands that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood.

/——-/ Unless employees own significant shares of stock or are invested in a privately held company, they have no say in how the company is run. Don’t like it? Then quit and work somewhere else.

 

[Toddsterpatriot]

Liz is one of the greatest fools we have.

Liz is one of the greatest fools we have.

Trump borrowing from China to pay Chinese company hit by his trade war with China up to $560 million

And he beat one of the smartest women in America.

What happens to the Biggest Fools when capitalism's inherent bubbles inevitably POP?

Our economy will still be miles ahead of your favorite commie economies.

What happens to the Biggest Fools when capitalism's inherent bubbles inevitably POP?

Our economy will still be miles ahead of your favorite commie economies.

Can you say that in Mandarin?

"The Chinese economy advanced 6.0 percent year-on-year in the September quarter of 2019, slowing from a 6.2 percent expansion in the previous quarter and compared with market expectations of 6.1 percent.

"It was the weakest growth rate since the first quarter of 1992, amid persistent trade tensions with the US, weakening global demand and alarming off-balance-sheet borrowings by local governments. GDP Annual Growth Rate in China averaged 9.39 percent from 1989 until 2019, reaching an all time high of 15.40 percent in the first quarter of 1993 and a record low of 3.80 percent in the fourth quarter of 1990."

China GDP Annual Growth Rate | 2019 | Data | Chart | Calendar | Forecast

Can you say that in Mandarin?

Commie economies suck, in Mandarin.

The Chinese economy advanced 6.0 percent year-on-year in the September quarter of 2019​

If you believe those numbers, you're even dumber than I first suspected.

If you believe those numbers, you're even dumber than I first suspected.

You believe this useless POS?

Source: Trump 'seething' about Cohen, says 'he's a liar' - CNN Video

Yes, Commie lies about statistics are just like Cohen.

 

[Toddsterpatriot]

nothing in america is free. if you are getting something without paying for it, see a taxpayer and thank him! everyday!

Would that taxpayer be among the richest ten percent of Americans?

Free Lunch - David Cay Johnston - Book Review

"'Free Lunch' consists of 26 chapters, each a case study of a corporation enriching itself through lax or solicitous government: beggar-thy-neighbor state and local tax breaks to lure businesses, government subsidies for sports stadium construction, electricity deregulation and so on."

Imho, rich people have been getting things without paying for them for as long as the USA has existed.

Over much of that time corporations have expanded their power largely through the courts.

Warren is calling for a democratic (congressional) reassessment of the political leverage corporations, and the investor class they fund, have acquired over the majority of Americans across the past two hundred years.

Poor people have been getting things without paying for them for a long time, too.

Thing is, the policies Warren insists we need, and you blindly parrot, will only put people out of work and dependent on government.

Despite what you've been led to believe, that is not a good thing.

Poor people have been getting things without paying for them for a long time, too.

Thing is, the policies Warren insists we need, and you blindly parrot, will only put people out of work and dependent on government.

Despite what you've been led to believe, that is not a good thing.

How did FDR respond when the owners of capital could not or would not provide jobs during the Great Depression?

Green New Deal - Wikipedia

Less reliable, more expensive energy…...just what we need to grow our economy...…..DURR

Less reliable, more expensive energy…...just what we need to grow our economy...…..DURR

Greedy bitch.

Cheap, reliable energy means I'm greedy. DURR

 

[georgephillip]

Georgie only thought the rich could invest. LMAO! Idiot

Georgie any idiot can post pics. How about an original thought or two?

Georgie any idiot can post pics. How about an original thought or two?

Original thought?
Do you mean am I capable of thinking about something no one has ever thought of before?
No.
This is a board for political opinions not original thoughts.
Since there are many publishing regularly on the Internet who share my opinions and are more qualified than I to opine on these subjects, I link my beliefs to sources that I believe support my opinions.
Why would anyone post regularly online without taking advantage of the wealth of information existing there?