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Joined 3 years ago
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Cake day: July 31st, 2023

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  • The implication of that highlights exactly how disgusting corporate and industry lobbying is.

    Increasing expenses to sway politicians on some topic is, in itself, an expense that runs contrary to the goal of increasing profits. Therefore, the only way it would be justifiable to spend money on lobbying is if there’s a genuine belief or expectation that it will result in a return on investment that exceeds the amount spent.


  • I’m not a lawyer, but this is how I read it:

    [Directors are] employed to [further the corporation’s purpose of creating profit for the stockholders]. The discretion of directors is to be exercised in the choice of [how to create that profit]. [Their discretion] does not extend to a change [in the goal of creating shareholder profit], to the reduction of profits, or to [withold profits from] stockholders in order to devote them to other purposes.

    TLDR: Their purpose is to create profits for shareholders and investors. They may choose how to do that, but they have an obligation to not intentionally reduce the corporation’s profits or take actions that would deprive shareholders from accessing the profits.






  • I don’t think they actually think they’re smart. I think they’re just selfish assholes.

    Time and time again, I come across the argument that “it will make the price of everything to up because now businesses have to pay workers more.”

    Ok—so? Businesses are forced to pay workers to a standard that allows everybody to live without drowning in debt and inescapable poverty. Isn’t it a good thing that people won’t be suffering?

    No, not to them. Their wages won’t increase equivalently, and now they have to pay more to maintain their standard of luxury. It’s wealth redistribution away from those who can afford excess towards the people who can’t afford basics. They actively choose not to support that because it’s a personal inconvenience to them.

    It’s an amazing demonstration of “equality looks like oppression to the privileged” and “fuck you, I got mine” attitude.





  • No one thought this would happen to this extreme.

    No, it was actually pretty easy to imagine when:

    1. Trump told people to “find votes” for him;
    2. Trump had himself pre-emptively certified as the winner in some states; and
    3. Trump used stochastic terrorism to incite a riot outside a government building, as a response to his impending loss of power.

    All of that screams “power-hungry facist”, and the predictable outcome of someone like that regaining legal authority, obviously, is an attempt to transition towards fascism so they can retain that once-lost power indefinitely.