Warren and the Divine Right of Capital: Accountable Capitalism Act

[jasonnfree]

A corporation being a citizen who can live for hundreds of years, totally nuts and nothing in the constitution or bill of rights about this unless it's well hidden.

 

[georgephillip]

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

How many employees did you exploit?
What was your revenue?

The Divine Right of Capital by Marjorie Kelly: A Summary

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)

"In other words, the company could just as easily be optimized to maximize employee income."

"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.

Sounds great! And then readers/viewers can elect 40% of boards for media companies and the support of 75% of readers/viewers would be needed before running any political stories.​

"In other words, the company could just as easily be optimized to maximize employee income."

Employees are free to implement this plan at any company they own.

She was not smart enough to get into college using honest means, but now pretends she is smarter than all business owners combined.

And it wasn't even a business degree she cheated an Indian for...

She was not smart enough to get into college using honest means, but now pretends she is smarter than all business owners combined.

And it wasn't even a business degree she cheated an Indian for...

" She was formerly a law school professor specializing in bankruptcy law.

" A member of the Democratic Party and a progressive, Warren has focused on consumer protection, economic opportunity, and the social safety net while in the Senate.

"Warren is a graduate of the University of Houston and Rutgers Law School and has taught law at several universities, including the University of Houston, the University of Texas at Austin, the University of Pennsylvania, and Harvard University.

"She was one of the most influential professors in the field of commercial law before beginning her political career. She has authored five and coauthored six books."

Elizabeth Warren - Wikipedia

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

How many employees did you exploit?
What was your revenue?

The Divine Right of Capital by Marjorie Kelly: A Summary

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)

"In other words, the company could just as easily be optimized to maximize employee income."

"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.

Sounds great! And then readers/viewers can elect 40% of boards for media companies and the support of 75% of readers/viewers would be needed before running any political stories.​

"In other words, the company could just as easily be optimized to maximize employee income."

Employees are free to implement this plan at any company they own.

She was not smart enough to get into college using honest means, but now pretends she is smarter than all business owners combined.

And it wasn't even a business degree she cheated an Indian for...

She was not smart enough to get into college using honest means, but now pretends she is smarter than all business owners combined.

And it wasn't even a business degree she cheated an Indian for...

" She was formerly a law school professor specializing in bankruptcy law.

" A member of the Democratic Party and a progressive, Warren has focused on consumer protection, economic opportunity, and the social safety net while in the Senate.

"Warren is a graduate of the University of Houston and Rutgers Law School and has taught law at several universities, including the University of Houston, the University of Texas at Austin, the University of Pennsylvania, and Harvard University.

"She was one of the most influential professors in the field of commercial law before beginning her political career. She has authored five and coauthored six books."

Elizabeth Warren - Wikipedia

Love that idea of those working being allowed to elect the heads of companies. We all like George, he can't add two plus two but he would be great management though because he always let's us take time off to golf.

Why not just outright give the share's of the shareholders to the employees?

Why not just outright give the share's of the shareholders to the employees?

Or tax shareholder (unearned) income at twice the rate of the income of productive workers.

I've got news, the last productive worker I saw was in 1998. Seriously, most workers don't deserve what they get, never mind MORE money! Let them buy or invest some of their pay in company stock.

I've got news, the last productive worker I saw was in 1998. Seriously, most workers don't deserve what they get, never mind MORE money! Let them buy or invest some of their pay in company stock.

How productive do you find the three principles ( JP Morgan Chase, Goldman Sachs, and Adam Neuman) in the following 4 sentences?

WeWork’s Unraveling Is Another Indictment of Wall Street’s Universal Bank Model

"WeWork is just one more in a long series of Wall Street scandals that prove that the universal banking model is little more than a thinly-disguised wealth transfer system from the pockets of average Americans to the 1 percent.

"Just two months ago WeWork’s two lead Wall Street underwriters, JPMorgan Chase and Goldman Sachs, were planning to offer WeWork’s shares to the public investor at a valuation in excess of $47 billion.

"Now we are learning that the company may run out of money next month and has an actual valuation of $8 billion or less.

"WeWork’s founder, Adam Neumann, who was attempting to cash out of his company that had never made a dime of profits in its nine years of existence and had run up losses of $900 million in just the first six months of this year, will walk away as a billionaire according to a report in the Wall Street Journal this morning."

 

[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.

I think it's a good idea. Take it back to what the founders wanted.

Corporations used to have to do some of those things. Including telling the government when they will close down. In those days corporations weren't allowed to live forever.

Humans don't live forever.

I know I'm sick and tired of big business getting away with crimes. With maybe paying a small fine in comparison to the money they made from the crime.

The big Pharma caused the opioid problem. Thousands of people died. Families were destroyed along with communities. The companies and the executives walk away clean with maybe paying a small fine in comparison to the huge profits they made.

Equifax had a huge hack a couple years ago. My information was in that hack. It caused a big problem for me and millions of other Americans. I know I never had an account with Equifax. They gathered my information against my permission, against my knowledge and against my consent. Yet they didn't protect it. Then when it was hacked, they took their time to tell people.

Millions of people were harmed. What consequences did Equifax face? None. All they had to do was reimburse people money or give them free credit monitoring for 6 months.

If your company is allowed to collect data on people then they should be held to a much higher standard to protect that data and face very serious consequences when they don't.

Same with Wall Street and big banks when the economy collapsed in the bush boy years.

People and corporations who commit crimes should be held accountable including being sent to prison for their crimes.

I think it's a good idea. Take it back to what the founders wanted.

Corporations used to have to do some of those things. Including telling the government when they will close down. In those days corporations weren't allowed to live forever.

Warren's plan would require a federal charter for large corporations, which has the potential to Change Everything as far as white collar crime is concerned:

Accountable Capitalism Act - Wikipedia

"Section 3 of the Act would establish an 'Office of United States Corporations', with a director appointed by the President on consent of the Senate, at the Department of Commerce to grant charters to large federal corporations, and monitor compliance with the Act's requirements.

"Section 4 requires corporations with over $1 billion in tax receipts to obtain a federal charter.

"Section 5(b)(2) requires US corporations to have the purpose of 'creating a general public benefit', while section 5(c) requires that directors have a duty to consider the interests of shareholders, employees (including of subsidiaries and suppliers), customers, the community, environment, and the long-term.

"The section also recasts the limits of the business judgment rule, and its enforcement."

 

[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.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

How many employees did you exploit?
What was your revenue?

The Divine Right of Capital by Marjorie Kelly: A Summary

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)

"In other words, the company could just as easily be optimized to maximize employee income."

"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.

Sounds great! And then readers/viewers can elect 40% of boards for media companies and the support of 75% of readers/viewers would be needed before running any political stories.​

"In other words, the company could just as easily be optimized to maximize employee income."

Employees are free to implement this plan at any company they own.

"In other words, the company could just as easily be optimized to maximize employee income."

Employees are free to implement this plan at any company they own

Never Underestimate Trump

Labor without oversite is like Trump without the House???

Labor without oversite is like Trump without the House???

Trump's on his way to the Big House

 

[georgephillip]

Why not stop all the pretense and just have The State take over all business?

It's already clear that you and Princess Lying Rug are Marxists, so just be done with it.

What's your problem with bringing democracy (not the state) to the workplace?

Accountable Capitalism Act - Wikipedia

"With the Reward Work Act, the Accountable Capitalism Act is the second recent proposal to give employees a right to elect representatives on a company board of directors.

"The United States is in a minority of countries in the Organisation for Economic Co-operation and Development that gives no representation of the workforce in corporate governance.[2]

"The Bill's explanatory document states that it seeks to borrow 'from the successful approach in Germany and other developed economies', by introducing that right."

US is not a democracy.

A corporation is certainly not a democracy.

US is not a democracy.

A corporation is certainly not a democracy.

The US is a Democratic Republic.
Would you prefer an aristocracy?
Corporations are closer to a feudal nature than a democratic one.
Give me one good reason to refrain from changing that reality.

The Divine Right of Capital by Marjorie Kelly: A Summary

"Look closely at the stock market and it betrays some fundamental assumptions about the creation of wealth in today’s markets.

"Only 1% of the total value of equity on Wall Street is actual investment in the sense of new money going into firms.

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

Absolute nonsense. US was created to be a free nation, you have no right to the fruits of the labor of others. Fuck off thief.

Absolute nonsense. US was created to be a free nation, you have no right to the fruits of the labor of others. Fuck off thief.

Slavery and genocide created the US

 

[Third Party]

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.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

How many employees did you exploit?
What was your revenue?

The Divine Right of Capital by Marjorie Kelly: A Summary

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)

"In other words, the company could just as easily be optimized to maximize employee income."

It's funny. A millionaire capitalist is telling you to believe capitalism is bad, and you swallow it without question.

t's funny. A millionaire capitalist is telling you to believe capitalism is bad, and you swallow it without question.

Which millionaire, Warren?
She made her money after experiencing childhood poverty.
Trump's racist dad made him a millionaire by his eighth birthday,
If you can supply any arguments to refute Warren's premises, go ahead.
Capitalism is a disease.

Go to a non-Capitalist country if you feel that strongly-show us your true beliefs.

 

[Third Party]

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

How many employees did you exploit?
What was your revenue?

The Divine Right of Capital by Marjorie Kelly: A Summary

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)

"In other words, the company could just as easily be optimized to maximize employee income."

"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.

Sounds great! And then readers/viewers can elect 40% of boards for media companies and the support of 75% of readers/viewers would be needed before running any political stories.​

"In other words, the company could just as easily be optimized to maximize employee income."

Employees are free to implement this plan at any company they own.

She was not smart enough to get into college using honest means, but now pretends she is smarter than all business owners combined.

And it wasn't even a business degree she cheated an Indian for...

She was not smart enough to get into college using honest means, but now pretends she is smarter than all business owners combined.

And it wasn't even a business degree she cheated an Indian for...

" She was formerly a law school professor specializing in bankruptcy law.

" A member of the Democratic Party and a progressive, Warren has focused on consumer protection, economic opportunity, and the social safety net while in the Senate.

"Warren is a graduate of the University of Houston and Rutgers Law School and has taught law at several universities, including the University of Houston, the University of Texas at Austin, the University of Pennsylvania, and Harvard University.

"She was one of the most influential professors in the field of commercial law before beginning her political career. She has authored five and coauthored six books."

Elizabeth Warren - Wikipedia

" She was formerly a law school professor specializing in bankruptcy law.

Obama was professor in the University of Chicago Law School.
He was similarly useless.

She has authored five and coauthored six books.

Including the book with her Indian recipes?

she is a very flawed candidate-Pete will out her.

 

[Third Party]

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

How many employees did you exploit?
What was your revenue?

The Divine Right of Capital by Marjorie Kelly: A Summary

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)

"In other words, the company could just as easily be optimized to maximize employee income."

"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.

Sounds great! And then readers/viewers can elect 40% of boards for media companies and the support of 75% of readers/viewers would be needed before running any political stories.​

"In other words, the company could just as easily be optimized to maximize employee income."

Employees are free to implement this plan at any company they own.

"In other words, the company could just as easily be optimized to maximize employee income."

Employees are free to implement this plan at any company they own

Never Underestimate Trump

Labor without oversite is like Trump without the House???

Labor without oversite is like Trump without the House???

Trump's on his way to the Big House

I have heard that for three years-stop your yapping and give us a firm date!

 

[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.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

How many employees did you exploit?
What was your revenue?

The Divine Right of Capital by Marjorie Kelly: A Summary

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)

"In other words, the company could just as easily be optimized to maximize employee income."

It's funny. A millionaire capitalist is telling you to believe capitalism is bad, and you swallow it without question.

t's funny. A millionaire capitalist is telling you to believe capitalism is bad, and you swallow it without question.

Which millionaire, Warren?
She made her money after experiencing childhood poverty.
Trump's racist dad made him a millionaire by his eighth birthday,
If you can supply any arguments to refute Warren's premises, go ahead.
Capitalism is a disease.

Go to a non-Capitalist country if you feel that strongly-show us your true beliefs.

Go to a non-Capitalist country if you feel that strongly-show us your true beliefs.

Not until Crooked Donald dies in prison.

 

[georgephillip]

"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.

Didn't 2016 teach us that Americans are too stupid to rely on elections for good outcomes.

Didn't 2016 teach us that Americans are too stupid to rely on elections for good outcomes.

It taught us 42% of eligible voters didn't see much difference between Hillary and Donald; maybe Democrats will offer something better in 2020?

 

[georgephillip]

Liz Warren is a true anti capitalist.

She believes markets need rules in order to function effectively for all participants.
Democratic Sen. Elizabeth Warren: 'I am a capitalist' – but markets need to work for more than just the rich

 

[georgephillip]

Why not stop all the pretense and just have The State take over all business?

It's already clear that you and Princess Lying Rug are Marxists, so just be done with it.

What's your problem with bringing democracy (not the state) to the workplace?

Accountable Capitalism Act - Wikipedia

"With the Reward Work Act, the Accountable Capitalism Act is the second recent proposal to give employees a right to elect representatives on a company board of directors.

"The United States is in a minority of countries in the Organisation for Economic Co-operation and Development that gives no representation of the workforce in corporate governance.[2]

"The Bill's explanatory document states that it seeks to borrow 'from the successful approach in Germany and other developed economies', by introducing that right."

US is not a democracy.

A corporation is certainly not a democracy.

US is not a democracy.

A corporation is certainly not a democracy.

The US is a Democratic Republic.
Would you prefer an aristocracy?
Corporations are closer to a feudal nature than a democratic one.
Give me one good reason to refrain from changing that reality.

The Divine Right of Capital by Marjorie Kelly: A Summary

"Look closely at the stock market and it betrays some fundamental assumptions about the creation of wealth in today’s markets.

"Only 1% of the total value of equity on Wall Street is actual investment in the sense of new money going into firms.

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

What's wrong with that?

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

What's wrong with that?

Tan Liu: Why Many Of Todays Most Owned Stocks Are Ponzi Schemes

 

[Third Party]

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

How many employees did you exploit?
What was your revenue?

The Divine Right of Capital by Marjorie Kelly: A Summary

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)

"In other words, the company could just as easily be optimized to maximize employee income."

It's funny. A millionaire capitalist is telling you to believe capitalism is bad, and you swallow it without question.

t's funny. A millionaire capitalist is telling you to believe capitalism is bad, and you swallow it without question.

Which millionaire, Warren?
She made her money after experiencing childhood poverty.
Trump's racist dad made him a millionaire by his eighth birthday,
If you can supply any arguments to refute Warren's premises, go ahead.
Capitalism is a disease.

Go to a non-Capitalist country if you feel that strongly-show us your true beliefs.

Go to a non-Capitalist country if you feel that strongly-show us your true beliefs.

Not until Crooked Donald dies in prison.

Looks like they doped up and brainwashed that guy.

 

[georgephillip]

Why not stop all the pretense and just have The State take over all business?

It's already clear that you and Princess Lying Rug are Marxists, so just be done with it.

What's your problem with bringing democracy (not the state) to the workplace?

Accountable Capitalism Act - Wikipedia

"With the Reward Work Act, the Accountable Capitalism Act is the second recent proposal to give employees a right to elect representatives on a company board of directors.

"The United States is in a minority of countries in the Organisation for Economic Co-operation and Development that gives no representation of the workforce in corporate governance.[2]

"The Bill's explanatory document states that it seeks to borrow 'from the successful approach in Germany and other developed economies', by introducing that right."

What's your problem with bringing democracy (not the state) to the workplace?

Why would I let non-owners vote on my company's actions?

That would be like you letting the lawn guy and the garbage man vote on the color you paint your house...hypothetically, if you ever moved out of your Mom's basement.

Why would I let non-owners vote on my company's actions?

Because your owners (shareholders) contribute nothing to your productivity.
Your workers contribute 99% to your productivity.
Can you follow that math?

Because your owners (shareholders) contribute nothing to your productivity.

Too bad.

Your workers contribute 99% to your productivity.

That's why they get a paycheck.

Your workers contribute 99% to your productivity.

That's why they get a paycheck.

What entitles shareholders to a share of Labor's surplus value?

 

[Toddsterpatriot]

Why not stop all the pretense and just have The State take over all business?

It's already clear that you and Princess Lying Rug are Marxists, so just be done with it.

What's your problem with bringing democracy (not the state) to the workplace?

Accountable Capitalism Act - Wikipedia

"With the Reward Work Act, the Accountable Capitalism Act is the second recent proposal to give employees a right to elect representatives on a company board of directors.

"The United States is in a minority of countries in the Organisation for Economic Co-operation and Development that gives no representation of the workforce in corporate governance.[2]

"The Bill's explanatory document states that it seeks to borrow 'from the successful approach in Germany and other developed economies', by introducing that right."

US is not a democracy.

A corporation is certainly not a democracy.

US is not a democracy.

A corporation is certainly not a democracy.

The US is a Democratic Republic.
Would you prefer an aristocracy?
Corporations are closer to a feudal nature than a democratic one.
Give me one good reason to refrain from changing that reality.

The Divine Right of Capital by Marjorie Kelly: A Summary

"Look closely at the stock market and it betrays some fundamental assumptions about the creation of wealth in today’s markets.

"Only 1% of the total value of equity on Wall Street is actual investment in the sense of new money going into firms.

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

What's wrong with that?

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

What's wrong with that?

Tan Liu: Why Many Of Todays Most Owned Stocks Are Ponzi Schemes

Trading stocks in a secondary market doesn't make them a Ponzi scheme.

 

[georgephillip]

Why not stop all the pretense and just have The State take over all business?

It's already clear that you and Princess Lying Rug are Marxists, so just be done with it.

What's your problem with bringing democracy (not the state) to the workplace?

Accountable Capitalism Act - Wikipedia

"With the Reward Work Act, the Accountable Capitalism Act is the second recent proposal to give employees a right to elect representatives on a company board of directors.

"The United States is in a minority of countries in the Organisation for Economic Co-operation and Development that gives no representation of the workforce in corporate governance.[2]

"The Bill's explanatory document states that it seeks to borrow 'from the successful approach in Germany and other developed economies', by introducing that right."

US is not a democracy.

A corporation is certainly not a democracy.

US is not a democracy.

A corporation is certainly not a democracy.

The US is a Democratic Republic.
Would you prefer an aristocracy?
Corporations are closer to a feudal nature than a democratic one.
Give me one good reason to refrain from changing that reality.

The Divine Right of Capital by Marjorie Kelly: A Summary

"Look closely at the stock market and it betrays some fundamental assumptions about the creation of wealth in today’s markets.

"Only 1% of the total value of equity on Wall Street is actual investment in the sense of new money going into firms.

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

What's wrong with that?

It's that the socialist believes he is entitled to the money.

It's that the socialist believes he is entitled to the money.

A socialist believes labor trumps capital; what's wrong with that?

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"...some simple algebra...show(s) that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)

"In other words, the company could just as easily be optimized to maximize employee income. All it takes is a perspective shift."

The Divine Right of Capital by Marjorie Kelly: A Summary

 

[Toddsterpatriot]

Why not stop all the pretense and just have The State take over all business?

It's already clear that you and Princess Lying Rug are Marxists, so just be done with it.

What's your problem with bringing democracy (not the state) to the workplace?

Accountable Capitalism Act - Wikipedia

"With the Reward Work Act, the Accountable Capitalism Act is the second recent proposal to give employees a right to elect representatives on a company board of directors.

"The United States is in a minority of countries in the Organisation for Economic Co-operation and Development that gives no representation of the workforce in corporate governance.[2]

"The Bill's explanatory document states that it seeks to borrow 'from the successful approach in Germany and other developed economies', by introducing that right."

What's your problem with bringing democracy (not the state) to the workplace?

Why would I let non-owners vote on my company's actions?

That would be like you letting the lawn guy and the garbage man vote on the color you paint your house...hypothetically, if you ever moved out of your Mom's basement.

Why would I let non-owners vote on my company's actions?

Because your owners (shareholders) contribute nothing to your productivity.
Your workers contribute 99% to your productivity.
Can you follow that math?

Because your owners (shareholders) contribute nothing to your productivity.

Too bad.

Your workers contribute 99% to your productivity.

That's why they get a paycheck.

Your workers contribute 99% to your productivity.

That's why they get a paycheck.

What entitles shareholders to a share of Labor's surplus value?

What entitles shareholders to a share of Labor's surplus value?

I'm sorry Communism was such a murderous waste of time, lives and resources, but that's the way it is.

If you don't want to trade your labor for a paycheck, use your own capital and start your own company.

If you can do that from the couch in your Mom's basement...….

 

[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.

If you don't like Capitalism, sell your computer and delete your USMB account.

If you don't like Capitalism, sell your computer and delete your USMB account.

You "think" like one of Trump's slaves.
Why do you support income without productivity?

The Divine Right of Capital by Marjorie Kelly: A Summary

"'If equality under the law is the hallmark of democracy, privilege sanctioned by law is the hallmark of aristocracy.'

"Just as feudal lords extracted wealth from serfs on their lands, today’s aristocracy does the same with corporations.

"Privilege – the right of the aristocracy – is 'a right to income detached from productivity.'

"After the fall of the Roman empire, the feudal lords emerged as a source of order.

"They played a valuable role in bringing social stability, but over time this role and its associated responsibilities faded – and the benefits did not.

"The same has happened with stockholders today."

What's the stage where a Trabant is the best car your shitty economy can produce?

What's the stage where a Trabant is the best car your shitty economy can produce?

Ask your hero

Bitch.

So Communism is a step back, well, five steps back, from National Socialism.

So Communism is a step back, well, five steps back, from National Socialism.

Where's Jim?

"In particular, Nazis admired the Jim Crow-era laws that discriminated against black Americans and segregated them from white Americans, and they debated whether to introduce similar segregation in Germany.

"Yet they ultimately decided that it wouldn’t go far enough.

"'One of the most striking Nazi views was that Jim Crow was a suitable racist program in the United States because American blacks were already oppressed and poor,' he says. 'But then in Germany, by contrast, where the Jews (as the Nazis imagined it) were rich and powerful, it was necessary to take more severe measures.'

"Because of this, Nazis were more interested in how the U.S. had designated Native Americans, Filipinos and other groups as non-citizens even though they lived in the U.S. or its territories.

"These models influenced the citizenship portion of the Nuremberg Laws, which stripped Jewish Germans of their citizenship and classified them as 'nationals.'"

https://www.history.com/news/how-the-nazis-were-inspired-by-jim-crow

 

[Toddsterpatriot]

If you don't like Capitalism, sell your computer and delete your USMB account.

If you don't like Capitalism, sell your computer and delete your USMB account.

You "think" like one of Trump's slaves.
Why do you support income without productivity?

The Divine Right of Capital by Marjorie Kelly: A Summary

"'If equality under the law is the hallmark of democracy, privilege sanctioned by law is the hallmark of aristocracy.'

"Just as feudal lords extracted wealth from serfs on their lands, today’s aristocracy does the same with corporations.

"Privilege – the right of the aristocracy – is 'a right to income detached from productivity.'

"After the fall of the Roman empire, the feudal lords emerged as a source of order.

"They played a valuable role in bringing social stability, but over time this role and its associated responsibilities faded – and the benefits did not.

"The same has happened with stockholders today."

What's the stage where a Trabant is the best car your shitty economy can produce?

What's the stage where a Trabant is the best car your shitty economy can produce?

Ask your hero

Bitch.

So Communism is a step back, well, five steps back, from National Socialism.

So Communism is a step back, well, five steps back, from National Socialism.

Where's Jim?

"In particular, Nazis admired the Jim Crow-era laws that discriminated against black Americans and segregated them from white Americans, and they debated whether to introduce similar segregation in Germany.

"Yet they ultimately decided that it wouldn’t go far enough.

"'One of the most striking Nazi views was that Jim Crow was a suitable racist program in the United States because American blacks were already oppressed and poor,' he says. 'But then in Germany, by contrast, where the Jews (as the Nazis imagined it) were rich and powerful, it was necessary to take more severe measures.'

"Because of this, Nazis were more interested in how the U.S. had designated Native Americans, Filipinos and other groups as non-citizens even though they lived in the U.S. or its territories.

"These models influenced the citizenship portion of the Nuremberg Laws, which stripped Jewish Germans of their citizenship and classified them as 'nationals.'"

https://www.history.com/news/how-the-nazis-were-inspired-by-jim-crow

Yes, Democrats are very similar to Commies. Commies are very similar to Nazis.

 

[georgephillip]

A corporation being a citizen who can live for hundreds of years, totally nuts and nothing in the constitution or bill of rights about this unless it's well hidden.

Corporations were highly suspect by the Founders largely because of their conflict with East India Company.

Property rights vs human rights?

The Divine Right of Capital by Marjorie Kelly: A Summary

"The Principle of Liberty:

"Corporate capitalism embraces a pre-democratic concept of liberty reserved for property holders, which thrives by restricting the liberty of employees and the community.

"When wealth interests seek government protection, we’re told that property rights are vital to a free market.

"When the community or employees seek government protection, we’re told about the danger of infringing on the free market.

"Privilege tied to property is one of the bedrocks of our current system and the second is 'freedom of contract' or the free market."