582
World's richest five men double wealth since 2020
(www.dw.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 15 Jan 2024
582 points (96.8% liked)
World News
32316 readers
591 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
I think we have to consider that from the perspective of many shareholders, receiving dividends vs increased share price is basically the same thing. I know all my accounts are set to reinvest dividends, for example.
So if a company reinvests all its income and grows like crazy, the shareholders will profit from that growth even if you might say “profit” wasn’t distributed.
Or if the company does a share buyback, or gives out huge bonuses, or buys an "office" in a tropical location that's actually just a vacation spot that they can use for a tax shelter, etc.
Basically, I overstated my case before. There's lots of ways to use business expenses to distribute profits without actual reporting profits.
So in conclusion, death to capitalism 👍