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by jimmywanger
3293 days ago
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> Every country that has a functioning democracy that money is not speech. You missed a verb. And in case you missed it, every democracy has elections, and in that case, money is equivalent to speech. Good luck in getting airtime/a platform without paying money. > Have more money than someone else? Well, tough shit, your vote shouldn't be worth more. In a company, that's absolutely not the case. Taken to the logical extreme, should I have the same say in the operations of Exxon, even though I have no financial interest in them, rather than a shareholder with 3% of the stock? |
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As if I such a thing. Thanks.
>Good luck in getting airtime/a platform without paying money.
Funnily enough, I was talking about that in a previous HN thread. You'll have to explain to me how my country (France) functions then, giving equal air time to candidates, no matter their size, or funds. We even have communists! The state pays part of the campaign, and to give you an idea, the 2012 campaign cost a grand total of 227 million euros (or 400, depending on what you count in). That was with fifteen-ish candidates, let's say five major ones and 10 smaller.
For an entire month before the election, each candidate has equal air time. No matter their budget. No matter their size.
>In a company, that's absolutely not the case. Taken to the logical extreme, should I have the same say in the operations of Exxon, even though I have no financial interest in them, rather than a shareholder with 3% of the stock?
If I have one share and you have ten, you have (or can be assumed to have) more money than me, and your vote is worth more. Exxon is an easy example because their actions have a very visible impact on society through, let's say, global warming to only give one example. In that case, you bet I should have the same say. Let's take a normal company. Let's also take a more reasonable amount of shares for a major shareholder, such as 40%. (See how Facebook distributes its shares, for example, and the end result is not far from it).
* If that shareholder decides that he wants to submit to a vote taking all that you're earning through your share and redistribute it to him, should you not have the same say as a shareholder? If no, why? Because he invested more money? And that allows him to get even more money?
* If that shareholder decides to dump their waste in the local river, should you not have the same say as a resident of the town this river goes through? No? You didn't invest enough, so society gets to suffer this person's actions?