this post was submitted on 04 Apr 2024
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Asklemmy

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[–] [email protected] 2 points 10 months ago
[–] [email protected] 2 points 10 months ago (1 children)

Compound interest.

Let’s say you need to borrow 5000 € for your first car, but you have only 700 €. First, you’ll need to find a lender who is willing to share the risk with you. Then, you form a joint stock company (Tom’s Volvo C30 2008 incorporated), where you own 7/50 of the car and the other party owns the rest. When you have some more money, you can buy some more stocks. One day, you’ll own the whole car and the lender has all of their money back.

[–] [email protected] 2 points 10 months ago (1 children)

So...instead of loans, you're advocating that people form corporations where shares are bought over time instead?

You'll still have to pay some interest to motivate the other party to invest, all you've really done is generate a bunch of extra paperwork to spin up a corporation.

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[–] PanoptiDon 2 points 10 months ago (1 children)

Billionaires

Ads for medication

Campaign contributions greater than $n from people and greater than $0 from corporations

Civil forfeiture

Prosecuting attorneys withholding exculpatory evidence

Firearms which aren't single action for civilian use (police are civilians)

Receiving gifts greater than $250 USD as a supreme Court Justice or family member of the supreme Court Justice.

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[–] [email protected] 2 points 10 months ago

Half of the things that go on with donations. People who are enlightened enough to know 90% of your money doesn't go to its intended place (whether you're donating to starving Africans, people with a medical condition, etc.) cannot effectively stand up to corrupt charity organizations in a culture where half of the people still think the Salvation Army is a literal branch of the army. Even the charity watch groups are compromised.

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