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TIL that Elon Musk controls 90 companies. When he buys land, when he orders food, or when he gives money to politicians, he uses shell companies
(www.nytimes.com)
this post was submitted on 28 Feb 2026
638 points (98.8% liked)
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The stock market as it is currently structured, shouldn't exist. It is ripe with corruption and perverse incentives. IMO, a stock market should serve the purpose of allowing society to judge whether a company is making good moves over a medium or long timespan, which in turn allow companies to judge the practical value of partnerships or exchanges with other corporations.
I have concepts for UBI, and how income can work. Part of that is absolute caps on liquid wealth and assets, with company stocks being towards the asset cap. Ownership of stock takes away from one's capacity to have a house, car, yacht, and so forth. The idea is that people initially invest in stocks to build up their money reserves, then get rid of the stocks and invest into their personal living conditions. This shifts the stocks to younger workers, who then build up their future. Each piece of stock costs a set amount, has a guaranteed ROI provided by the company, and can't be sold off for profit until a certain time has passed. That way, people have to choose their stocks carefully, as they will be holding onto them for awhile. The more valuable a single piece of stock is, the longer it has to be held. Bigger ROI is paired with the expensive stocks, but you have to put up more money upfront, and the biggest stocks take years to mature before you can sell it on the market or return it to the company. Stocks can only be sold to citizens of the nation, to prevent foreign manipulation of the economy, and to help prevent loopholes.
Mind, if that is too complicated or can be gamed, simply banning stocks would be preferable. Corruption is the killer of civilization, if the last decade is anything to go by.