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this post was submitted on 15 Jul 2023
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It would do absolutely nothing at all. For every billionaire that is running some seedy enterprise that you don't like, there are dozens if not hundreds of well paid people that are supporting that enterprise and would keep it going going forever.
Send them all to a for-profit prison I say!
You know what the French nobility did when the people started to, quite rightfully, remove their heads? It sure wasn’t move in to the newly vacant palace…
Yeah, the vast majority of human kind would gladly own a multi billion dollar company even if that company were causing climate change.
I would gladly own one, I would also gladly pivot it towards not causing climate change.
Only problem is owning one in the first place; most are "publicly owned" by a bunch of investors who themselves are investment funds owned by some other bunch of investors like those putting their money in 401k plans.
It's a nice tangle of cross-ownerships that ends up hurting the actual owners without them having any power to change anything.