Stocks are easy to disperse. Non liquid assets can be repurposed for public benefit. The yacht is now a passenger ferry. The mansion is homeless housing. Etc etc
There would not longer be a concept of “profits” in this system but sort of yeah? A state made up of workers who democratically determine what should be produced and to what extent based on the known needs and capabilities of the population within the context of the long term consequences of production would be a good thing. The government wouldn’t “own companies” because the idea of a company would not exist. A percentage of the value produced by each worker would be theirs and the rest would go to social services instead of their employers personal wealth.
Most of the wealth is stocks. How would distribution stock, yachts, mansions going to help everyone?
Stocks are easy to disperse. Non liquid assets can be repurposed for public benefit. The yacht is now a passenger ferry. The mansion is homeless housing. Etc etc
That would do literally nothing for the people. That would help like .000001% of Americans, and who would pay for the upkeep?
Public ownership of production
So you think everyone sounds get a piece of profits and the government runs the company’s?
There would not longer be a concept of “profits” in this system but sort of yeah? A state made up of workers who democratically determine what should be produced and to what extent based on the known needs and capabilities of the population within the context of the long term consequences of production would be a good thing. The government wouldn’t “own companies” because the idea of a company would not exist. A percentage of the value produced by each worker would be theirs and the rest would go to social services instead of their employers personal wealth.