this post was submitted on 14 Sep 2023
1465 points (93.3% liked)
Memes
45894 readers
1124 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Owning public stock is legally indistinguishable from directly owning a joint business venture.
Plenty of things are legally indistinguishable but real world applications are often quite different.
Though I would also challage that claim since owning a joint business gives you legal deciding power while owning 1 stock does not, you get zero votes from that.
It depends on the percent of the company you own.
Gee, who decided what is legally equivalent? Certainly not the people with wealth to buy politicians and judges.
I have no idea what point you’re trying to make.