Yeah, lets hitch our wagon even tighter to the anchor pulling us under the water. Cool.
“The federal government would have the power, through its voting shares and an equal representation on each company’s board, to block decisions that hurt our citizens and to push for policies that help them.” Yeah, ok sure. Because our representatives are very interested in protecting the public from corporations. Like, come on you wet rag, the only reason something like this works in places like China is because their government isn’t bought and paid for by said corporations.
While everything you say is accurate, since this bill has 0% odds of getting passed, it’s purpose is propagandizing the concept of nationalizing the largest and most untouchable companies, so Bernie actually gets +1 for this.
This. I am always going to be behind nationalizing industries. Even if they are shitty industries, I am always going to prefer public to private ownership.
Your billions in stocks (that you paid for and bought) evaporate into nothing when the company goes bankrupt/collapses, so yes, it would entail the US government eating the losses.
Yeah, lets hitch our wagon even tighter to the anchor pulling us under the water. Cool.
“The federal government would have the power, through its voting shares and an equal representation on each company’s board, to block decisions that hurt our citizens and to push for policies that help them.” Yeah, ok sure. Because our representatives are very interested in protecting the public from corporations. Like, come on you wet rag, the only reason something like this works in places like China is because their government isn’t bought and paid for by said corporations.
While everything you say is accurate, since this bill has 0% odds of getting passed, it’s purpose is propagandizing the concept of nationalizing the largest and most untouchable companies, so Bernie actually gets +1 for this.
This. I am always going to be behind nationalizing industries. Even if they are shitty industries, I am always going to prefer public to private ownership.
He should do it for companies that are actually useful so he can get a
Unless, they wanna share 50% of the losses.
Thats not how stock ownership works.
It kind of is if the company goes under/bankrupt
It still isn’t. That’s the whole point of corporations.
If the US government buys the stocks at the IPO listing price, and then the company collapses, their stocks are now worthless.
That would still not mean “Suffering 50% of the company’s losses”.
it would mean “suffering losses equal to 50% of the company’s valuation” though
i think majority shareholder might have some vested interest in the bonds not imploding though, as they are the last to get paid in that scenario.
You absolutely do have a vested interest in the stock doing well as a stock holder, but you don’t suffer 50% of the company’s losses.
Your billions in stocks (that you paid for and bought) evaporate into nothing when the company goes bankrupt/collapses, so yes, it would entail the US government eating the losses.
And only 50%. Not even majority public ownership from the soc dem