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by grumple
1290 days ago
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Bringing up the debt was a useless strawman. The US government is not a corporation, and China definitely doesn't own the majority of the US. China isn't even the largest foreign debt holder either. And foreign debtholders don't hold most US debt - the US does. Be better, these were 4 inaccuracies / fallacies in one statement. That's exactly how ownership works in the US and other free nations. If foreign citizens own the majority of a private US company and its voting shares, they have control over that company. Taiwan has similar rules. [0]. "Each shareholder of the Corporation shall have a voting right for each share they hold.
Voting rights may be exercised in writing or electronically at the shareholders' meeting of the Corporation." Taiwan allows significant foreign ownership, even where it is restricted it's set to 60% max (it isn't for TSMC). And they are a democratic, capitalist society, not an authoritarian one like China. And they have many reason to placate Americans, since we're the only thing standing between them and China. 0. https://twse-regulation.twse.com.tw/ENG/EN/law/DAT0201.aspx?.... |
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And I highly doubt Taiwan's government would allow any move that threatens their one of their economic golden gooses. Then as mentioned in the video, you literally do not get to control employees through a vote of shares - they'll quit and work at another competitor. You might think people will always stick to the principles of democracy and rules of law, but as the US itself has proven itself time and time again, they'll put on tariffs if push comes to shove, screw democracy.
Hell, the incentives don't even line up for shareholders to fulfill America's dreams and wishes. Trying to equate voting shares to a company being 'American' without addressing the social, political realities is wishful American centrism.