Sunday, August 12, 2012

People's Capitalism

Let's say your corporation needed a government bailout.  A bank, auto maker etc.   Let's say that in order to get a bailout your corporation had to give ten per cent of your stock to a federal agency to be held in trust for the American people.  Let's say that the agency got to appoint one director to your board.  let's say that in lieu of taxes your company paid dividends directly into the US treasury.  Let's say this arrangement lasted in perpetuity.
      That would be a powerful incentive not to screw up.  Just saying.

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