Comment

Comment by 25mph

From the gov's point of view, citizens and companies are shareholders in the "US corporation". Right now, the poor citizens own a 10% stake in the corporation. UBI is about giving them maybe 20%, at the expense of diluting the share of bigger shareholders. The board members don't want to dilute their own share, but if the corporation goes out of business, their own stake won't be worth anything. The absolute numbers are irrelevant: what matters is the stake percentage, not whether it's measured in billions or trillions of shares.
parent 25mph 6 years ago

No comments yet

Be the first to share your thoughts.

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton