Lets say for illustration:
I went to the casino, I gave them 10 bucks to bet on a card, turned out I loose... but I got entertained.
The 10 bucks is prove that I've helped before, and now I deserve to be helped back by the society.
By giving it to the casino, I said to the system, by helping the casino you would've had helped me already.
Now the next time I came, I bet all of my pension money... and loose.
Does the amount of the pension money represent that the casino has helped me and by helping the casino the system would've payed helped me back?
No right? Because its not helping, my pension money spent on gambling, it gave me less food, less housing, less entertainment, that's not helping. So if the money were used by the casino to buy something, the casino would be lying to the provider of help, that the it deserved to be helped back.
(I'm not saying that I as the gambler should have the right to take that money back. What I'm saying is the casino should only take as much as the help it has provided, that is entertaining and educating... beyond that should be returned back to the system). -> My mistake there, the person might had made bad decisions but it doesn't change the fact that he/she might had provided significant amounts of help to the society, so beyond the value for entertainment and education, the money should be given back to him/her.
The love of money is the root of all evil, honest working casino must prevent people from spending away their pension money for speculation.
Just as stock market providers must prevent traders from speculating, selling bad stocks to people, spreading rumours and lies.
There must be ceilings on how high a stock price could be. Price of a stock could only go as far as some bit above the retained earnings plus the ability of the company to help the society. Beyond that its definately overpriced and authorities could definately ban people from selling it at that price.
For example, total shareholders equity: 2 million dollars, total shares 2 million, current price: 1.2 dollars per share... government could put ceiling on 1.9, beyond 1.9 the share could not be bought on the share market, unless there's reasonably reliable input that the company are making profit as much as the book value of the company.
Also programmers could make a system that could monitor each stocks, who bought them, and how much have the stocks gave returns to their owners.
The program would identify speculators or bad stockholders by looking at the history of the stock transactions. People who tend to buy the stock at prices higher than what they turned out to be now would be rated down as much as the difference between current price and the price when they bought it plus the dividends paid during that time.
Future buyers could filter future sellers from this rating, and would be able to only make transactions with people who are credible and avoid speculators that only bought stocks to take advantages out of other people.
I went to the casino, I gave them 10 bucks to bet on a card, turned out I loose... but I got entertained.
The 10 bucks is prove that I've helped before, and now I deserve to be helped back by the society.
By giving it to the casino, I said to the system, by helping the casino you would've had helped me already.
Now the next time I came, I bet all of my pension money... and loose.
Does the amount of the pension money represent that the casino has helped me and by helping the casino the system would've payed helped me back?
No right? Because its not helping, my pension money spent on gambling, it gave me less food, less housing, less entertainment, that's not helping. So if the money were used by the casino to buy something, the casino would be lying to the provider of help, that the it deserved to be helped back.
The love of money is the root of all evil, honest working casino must prevent people from spending away their pension money for speculation.
Just as stock market providers must prevent traders from speculating, selling bad stocks to people, spreading rumours and lies.
There must be ceilings on how high a stock price could be. Price of a stock could only go as far as some bit above the retained earnings plus the ability of the company to help the society. Beyond that its definately overpriced and authorities could definately ban people from selling it at that price.
For example, total shareholders equity: 2 million dollars, total shares 2 million, current price: 1.2 dollars per share... government could put ceiling on 1.9, beyond 1.9 the share could not be bought on the share market, unless there's reasonably reliable input that the company are making profit as much as the book value of the company.
Also programmers could make a system that could monitor each stocks, who bought them, and how much have the stocks gave returns to their owners.
The program would identify speculators or bad stockholders by looking at the history of the stock transactions. People who tend to buy the stock at prices higher than what they turned out to be now would be rated down as much as the difference between current price and the price when they bought it plus the dividends paid during that time.
Future buyers could filter future sellers from this rating, and would be able to only make transactions with people who are credible and avoid speculators that only bought stocks to take advantages out of other people.
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