Uplifting News
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Corporations literally just won the right to straight up vote in elections in Delaware…
Ugh. I don’t want to live on this planet anymore
Which bill are you referring to?
Quick search, I found this from Reuters
Holy shit that is insane
So I can buy a building and sell closet space to other companies (which I also own) for infinite voting power. This is absurd.
Yeah, it seems like a very simple argument that since every individual owner of a corporation gets a vote, that the owners as a group should not get an additional vote.
I mean, the courts are no longer about what's logical or fair, obviously, but still.
What’s preventing a megacorp from buying a bunch of small shell companies and voting in their own best interest?
I am curious how the voting actually works, though.
Never in my life have I ever seen it written this way.
I also like the note about there being “far more corporations” in DE than residents. So I guess this is just a case of it not having been demonstrated yet. I wonder how much it costs to license a company in DE. I wonder how hard it would be for the Internet to absolutely make these morons eat their words. 2 elections? 3?
$110 to file an LLC, plus $300/yr fee.
I like that except they will definitely find a way to undercut that right quick just like they did with the GameStop stuff, illegally I might add
So, the ruling requires you to own land.
So someone should buy a few acres and sell 1x1 foot lots for a boat load of money.
I can smell the corporatism coming