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A comment on Every company should be owned by its employees. Parent comment

Re:Every company should be owned by its employees by missedthecue on Thursday July 25, 2024 @07:07PM (#41074387)
If I'm employed by Acme Corp, and have a 401k in index funds, but get laid off after the company goes bankrupt, I lose my income, but not my wealth.

On the other hand, if my wealth is in Acme Corp and they go bankrupt, I lose my wealth and my income.

The first model is less risky, yet profitable enough to be worth it. And everyone can still own the means of production.

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Re:Every company should be owned by its employees by whoknowsidont on Thursday July 25, 2024 @11:45PM (#41075614)
You've not only missed the point, but additionally nothing is stopping you from investing your wealth elsewhere.

I don't understand how your scenario is applicable; it's definitely constructed.

[ Parent | on HN ]